GCFX Forex broker specializes in providing foreign exchange trading services, the company's official website https://portal.gcfx24.com/register, the company's legitimate regulatory information MalaysiaLFSAStraight Through Processing (STP), to enhance the security of the company's address Q4-17/BT, U0066, 1st Floor, Jalan OKK Awang Besar, 87007 Labuan F.T.
GCFX Forex Broker
Basic information
Malaysia
1-2 years Suspicious Regulatory License MT5 Full License Regional Brokers High potential riskCompany profile
GCFX provides a spanading platform for retail and professional clients to trade Forex, international indices and more, utilizing contracts for differences (CFDs). It provides both demo and live accounts operated under MT5 and it web-based trading platform. However, their license of Labuan FSA is reported as suspicious fake clone.
Pros and Cons
Is GCFX Legit?
GCFX asserts that it is regulated by the Labuan Financial Services Authority (Labuan FSA) under a Straight Through Processing (STP) license, with the license number MB/20/0056. However, it is currently under suspicion of being a fraudulent clone.
| Regulatory Status | Suspected Fake Clone |
| Regulated by | Malaysia |
| Licensed Institution | GLOBAL CAPITAL MARKET LIMITED |
| Licensed Type | Straight Through Processing (STP) |
| Licensed Number | MB/20/0056 |
What Can I Trade on GCFX?
In GCFX, you can trade forex, equity, commodities, metals, indices, crypto, energy treasury, ETFs etc. on contract for differences (CFDs) and more.
Account Type
GCFX provides both live and demo accounts for its users, featuring the GCFX trading platform as well as the MT5 platform.
Trading Platform
GCFX offers MT5 and GCFX WebTrader. These platforms are operated under various financial instruments, such as forex, indices, and commodities. Traders can utilize advanced charting tools and technical indicators to make informed trading decisions. Additionally, GCFX platforms provide fast trade execution and customizable interfaces.
Deposit and Withdrawal
GCFX supports VISA, MasterCard, Neteller, Skrill and Bank Wire to deposit and withdraw.
Customer Service
GCFX offers 24/7 customer service via phone, WhatsApp and social media such as Facebook, Instagram and YouTube.
| Contact Options | Details |
| Phone | +60392125418 |
| +20 150 169 2049 | |
| ❌ | |
| ✔ | |
| Online Chat | ❌ |
| Social Media | Facebook, Instagram, and YouTube |
| Supported Language | English |
| Website Language | English |
| Physical Address | Q4-17/BT, U0066, 1st floor, jalan Okk Awang besar, P.O Box 82257 federal Territory of Labuan, Malaysia |
The Bottom Line
GCFX offers forex broker services through two trading platforms with live and demo accounts. It provides security measures to protect their traders. However, there are many limitations. First, their licence has been suspected as fake clone one. Second, many residents in some regions have no access to trade with them.
FAQs
Is it safe to trade with GCFX?
No. Their license is a suspicious fake clone.
What security measures does GCFX have in place to protect my funds and personal information?
Trades are centrally cleared with Tier1 Banks and Prime Brokers.
At GCFX, are there any regional restrictions for traders?
Yes. It does not provides services for the residents of the United States, Belgium, Canada, Singapore, and Japan.
Rating Index
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Latest Reviews
Claudine Pendleberry
New Zealand
GCFX falls short on its promise of consistently low spreads, with occasional fluctuations. Execution speed can be inconsistent, and the state-of-the-art platforms have occasional glitches. The level of security is unclear, and 24/7 support lacks responsiveness during crucial times. Considering these issues, exploring alternatives for a more reliable experience seems worthwhile.
Neutral
2023-12-06
Aloysius Rockwell
Peru
GCFX delivers on tighter spreads and faster execution, offering a state-of-the-art trading experience. The LD4 server facility ensures efficient trading, and their top-tier liquidity is evident. As a regulated broker, they provide a wide range of instruments with competitive spreads, accessible through user-friendly platforms. The 24/7 support adds a reassuring touch.
Neutral
2023-12-05
afaq504
United Arab Emirates
Global Capital Forex Company is the No. 1 Company in UAE regarding Client Handling and Profit making. This company is giving withdrawls at time and the conversion rates are also reasonable and the relationship manager is kind and humble person he educate me related to Trading stuff.
Positive
2024-05-06