Rating Index

Pros

Attractive spreads, with a benchmark EUR/USD spread of about 1.1 pips.

Good selection of trading instruments, including nearly 30 forex pairs and CFDs on commodities.

Support for the popular MetaTrader 4 platform, which offers advanced charting tools and algorithmic trading capabilities.

Cons

No regulatory license, with the broker being blacklisted by financial authorities like the FMA and CONSOB.

Lack of transparency, as essential documents like terms and conditions are missing from their website.

Only accepts bank wire transfers for deposits and withdrawals, with additional fees for small withdrawal amounts.

GC Group broker Accounts

GC Group Account Type

GC Group offers a single type of trading account known as the Standard Account. Here are the key features:

Minimum Deposit: Not applicable (n/a).
Maximum Leverage: 1:200.
Spread: 1.1 pips (floating).
Trading Instruments: Nearly 30 forex pairs and a selection of CFDs including commodities like silver, gold, and oil.
Trading Platform: MetaTrader 4 (MT4) is supported, providing advanced charting tools and algorithmic trading capabilities.

Despite the attractive features, it is essential to note that GC Group is an unregulated broker and has been blacklisted by financial authorities, which raises concerns about the safety of funds.

GC Group Broker Account Opening Process

To open an account with GC Group, follow these steps:

Visit the Website: Go to the official GC Group website.
Registration: Fill in the registration form with your personal details. Ensure that the information matches your identification documents.
Verification: Submit copies of required documents for identity verification, such as a passport or driver's license.
Account Activation: Once your documents are verified, your trading account will be activated, allowing you to deposit funds and start trading.
Deposit Funds: You can deposit funds via bank wire transfer, but be aware that only this method is accepted, and there may be withdrawal fees for amounts less than $200.

Always ensure to perform due diligence before opening an account with any broker, especially unregulated ones like GC Group.