✔️ Information reviewed and updated in July 2024 by Pedro Martínez González

In this section we will tell you if we consider that the company GTCFX is a safe company or an untrustworthy company. Read our full analysis to find out everything!

We analyze the website, observe every detail and examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation...

Below we will show you essential information about GTCFX and we will tell you why we came to such a conclusion:

Basic Information

🌐 Websitegtcfx.com
🏠 CompanyGTC Global Ltd – GTC Markets (CY) Ltd
RegulatoryFSC
📧 Email[email protected]
📈 PlataformOwn platform
📌 AddressSilicon Avenue, 40 Cybercity The Cyberati Lounge, c/o Credentia International Management Ltd, Ground Floor, The Catalyst, 72201, Ebene Mauritius
🕑 Website ageWebsite registered on: June 16, 2015
Company typeForex, precious metals, energy, stocks and indices broker

Company: GTCFX is owned by GTC Global Ltd – GTC Markets (CY) Ltd.

Location: GTCFX mentions being located in Mauritius, a location totally NOT RECOMMENDED. If you decide to trust a company based here you have to know that your money does not have any type of protection, it is very risky, please think twice before trusting this company.

We can already tell you that we are concerned about several characteristics of this company.

What is GTCFX?

After having carried out an analysis of the company's website, we can say that GTCFX is a Forex, precious metals, energy, stocks and indices broker.

Account types

The platform offers 5 different types of accounts:

Standard$30
Standard Cent$30
Raw Spread$3,000
Zero$3,000
Pro$3,000

Information on the web

GTCFX website

Here we show you a screenshot of the GTCFX website, which is gtcfx.com. The capture was made in DECEMBER 2024.

Contact: phone numbers and email

After having performed an analysis of the website:

– We have found the following phone number: 800 667788

– We have found the following email: [email protected]

GTCFX Regulation

We have analyzed in depth the current ⚖️ regulatory situation ⚖️ in which this company finds itself and we have reached the following conclusion:

This company mentions being regulated in Mauritius, this location is used since the regulation of this type of country is practically non-existent. It is almost the same as working with an unregulated broker. That is, if you work with a broker with this type of regulation, unfortunately you are 100% unprotected. Therefore, at the regulatory level, unfortunately GTCFX is a completely dangerous and very unsafe broker.

🚫 GTCFX final valuation 🚫

As you can see, we have carried out a detailed and complete analysis of the most important characteristics of GTCFX and we have reached the following conclusions about this company:

Location: They mention being located in a VERY UNSAFE location such as Mauritius.

Regulatory: They mention being regulated by a very unserious and, above all, unsafe regulator, such as FSC Mauritius. There is a clear lack of security at the regulatory level.

Paragraph generated with chatgpt, ask them to tell us another way or make the text longer: GTCFX Option 1) It is a forex broker Option 2) is a forex, cryptocurrency and commodities broker Option 3) It is a training course Option 4) Choose depending on the type of company || Option 1) It is very unsafe, it is not mentioned where it is located Option 2) It mentions being located in a place considered safe such as Germany, but we believe that this is false information with which they try to deceive customers. Option 3) They mention being located in a VERY UNSAFE location like Vanuatu ||| besides this Option 1) They do not mention anything about its regulation, that is: we are talking about an unregulated company Option 2) They mention being regulated by a very unserious and, above all, unsafe regulator, such as the Vanuatu regulator. Option 3) The company mentions being regulated in a country that we consider safe, such as Germany, but we believe that this information is false. We are talking about a company that tries to deceive us about its regulation. EXAMPLE OF RESULT: “GTCFX is a trading platform that offers services for cryptocurrencies, contracts for difference (CFDs), foreign exchange (forex) and commodities. It claims to be based in a location considered safe, such as the United States or the United Kingdom. However, we suspect that this information could be false and used to mislead customers. Furthermore, the lack of details about its regulation suggests that the company is not supervised by any regulatory entity, making it an unsafe option.”

🚨🚨 Conclusion: for the reasons mentioned our conclusion is that it is a very unserious and very unsafe company. Please think carefully if you want to send money to a company with these characteristics. 🚨🚨

Updates

GTCFX News:

Date Update – news
-No news at the moment

User Reviews

[democracy id = ”9099 ″]

What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with GTCFX.

At the end of the review you will find customer comments.


How to Claim Money Scammed by GTCFX

If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.

How to Report GTCFX

If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.

FAQs

Are there (recommended) alternatives to GTCFX?

Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.

How can I report GTCFX?

This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.

Is GTCFX reliable?

No. GTCFX is not reliable. The location in Mauritius, a tax haven, together with regulation under the FSC that may be insufficient, contributes to the uncertainty. Additionally, poor ratings indicate potential problems and negative user experiences. Given these factors, we recommend caution when considering GTCFX as an investment option. Exploring safer and more regulated alternatives is essential to safeguard your capital and ensure a positive investment experience.

How to recover money from GTCFX?

If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.

About the Author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.
About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.
Do you want more information? You can read more about me here in my biography.

2 comments on «GTCFX: OPINION AND COMMENTS – IS IT A SCAM?»

  1. Juan Carlos Reply

    I've heard good things about them, but I don't want them to steal my money or scam me. Can you help me? Blessings.

    • Recommended-brokers.com Reply

      Hello Juan Carlos, thanks for writing about GTCFX. Currently this broker is considered a SCAM.

      If you are a client, do not invest more money, their only objective is to steal from you, they manipulate operations manually and keep the money from the moment it reaches their accounts, it never enters the market, everything is prepared so that they make you lose your money to have the excuse of keeping it.

      If you decide to withdraw and they ask you for a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it!, that is the alert, from that moment you have to know that you are a client of a scam broker and even if you pay they will never return it to you.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or fill out the form in this link: CLAIM YOUR MONEY

      Greetings.

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