GHC, officially known as Global Holdings Capital Pty Ltd, has been operational for approximately 5 to 10 years. The broker is headquartered at 2 18-22 Pitt St, Sydney, NSW 2000, Australia. It operates as a private entity and primarily serves retail clients looking for trading opportunities in the forex market, commodities, and stocks.
The company's development history includes its establishment in Australia, where it has aimed to provide a platform for traders to access various financial instruments. GHC has reached several milestones, including the launch of its trading platform, which is designed to cater to both novice and experienced traders. The broker is part of a broader group known as the GHC Group, which includes entities registered in New Zealand and Vanuatu.
GHC operates mainly in the retail forex sector, providing online trading services to individual traders. Its business model focuses on offering a wide variety of trading instruments, leveraging technology to enhance the trading experience for its clients.
GHC is currently unregulated, which raises significant concerns regarding its operations. The broker was previously registered with the Australian Securities and Investments Commission (ASIC), but its license was revoked, leading to a lack of oversight. Additionally, GHC has faced scrutiny from various regulatory bodies, including the New Zealand Financial Services Providers Register (FSPR), which also revoked its license.
The lack of a valid regulatory license means that GHC does not provide the usual protections offered by regulated brokers, such as client funds segregation and access to compensation schemes. This poses a higher risk for clients, as there are no established mechanisms to address grievances or ensure the safety of deposited funds.
GHC does not appear to have implemented robust Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, which are critical for ensuring the integrity of its operations.
GHC offers a selection of forex currency pairs, with a focus on major pairs such as EUR/USD, USD/JPY, and GBP/USD. The broker claims to provide access to Contract for Differences (CFDs) across various asset classes, including indices, commodities, and stocks. However, specific details about the range of stocks and commodities available for trading are limited.
The broker's trading services include:
GHC's offerings are primarily targeted at retail clients, with a lack of specific services for institutional clients or white-label solutions.
GHC utilizes the MetaTrader 4 (MT4) platform, which is renowned for its user-friendly interface and rich charting capabilities. The platform supports various trading strategies, including automated trading through Expert Advisors (EAs).
Key features of the MT4 platform offered by GHC include:
However, GHC does not provide information about a proprietary trading platform, web-based trading options, or API support for algorithmic trading. The server location is reported to be in the United States, which may affect latency for clients based in other regions.
GHC offers various account types, including:
The broker imposes relatively high trading conditions, including a significant minimum deposit and spreads that may impact trading profitability. The lack of detailed information regarding overnight fees and minimum trade sizes is concerning for potential clients.
GHC supports several deposit methods, including:
The minimum deposit requirement is $2,000, which is significantly higher than many competitors in the industry. The processing time for deposits is not explicitly stated, but clients should expect standard banking delays.
Withdrawals can be requested with a minimum amount of $50, and processing times may take 3-5 business days. However, there is no clear information regarding withdrawal fees or the specific methods available for withdrawals, which adds another layer of uncertainty for clients.
Customer support at GHC is reported to be limited, with the primary contact method being email. The absence of a dedicated phone line or live chat support raises concerns about the broker's commitment to providing adequate assistance to clients.
GHC lacks comprehensive educational resources, which is a significant drawback for traders looking to enhance their skills. The absence of tutorials, webinars, or market analysis services can lead to uninformed trading decisions and increased risk for clients.
GHC primarily serves clients in Australia and has a presence in New Zealand and Vanuatu. However, the broker is known to have restrictions on clients from certain regions, particularly those in jurisdictions that require stringent regulatory oversight.
The specific countries or regions from which GHC does not accept clients are not clearly outlined, but potential traders should be aware of the risks associated with using an unregulated broker.
In summary, GHC presents a concerning profile with multiple red flags, including a lack of regulation, high minimum deposit requirements, and limited customer support. Traders are strongly advised to conduct thorough research and consider regulated alternatives to ensure their trading activities are secure and compliant.
FX1877100295
Hong Kong
Soon after the investment, the Internet in China was stopped. Now I can't log in, I can't withdraw,
Exposure
2022-08-27
歪比巴卜
Hong Kong
It is completely down since September. The website cannot be logged in and the MT4 is also freezed
Exposure
2022-01-18
天行健24581
United Kingdom
"I'm super worried about all these folks getting scammed by GHC. It's messed up that people are taking advantage of others in the trading game. It's crazy important to do your research and make sure you're dealing with legit brokers. GHC clearly isn't one of them, and I feel bad for anyone who got burned by them."
Positive
2023-03-23