Company Profile
Company Profile
Review summary
| GCFX Review Summary | |
| Founded | 2022 |
| Registered Country/Region | Malaysia |
| Regulation | LFSA (Suspicious clone) |
| Market Instruments | Forex, Indices, Shares, Commodities, Metals, Digital Currencies, Bonds & ETFs |
| Demo Account | ✅ |
| Leverage | / |
| Spread | From 0.0 pips |
| Trading Platform | GCFX Trader, MT5 |
| Minimum Deposit | / |
| Customer Support | 24/7 support |
| Tel: +60392125418/ +20 150 169 2049 | |
| Facebook, Linkedin, Instagram | |
| Q4-17/BT , U0066, 1st floor, jalan Okk Awang besar, P.O Box 82257 federal Territory of Labuan , Malaysia | |
| Regional Restrictions | the United States, Belgium, Canada, Singapore, Japan |
GCFX provides a trading platform 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.
Here is the home page of this brokers official site:
Pros and Cons
| Pros | Cons |
| Vraious trading instruments | Suspicious clone LFSA license |
| Demo accounts | Regional restrictions |
| MT5 offered | Limited info on trading conditions |
| 24/7 customer support |
Is GCFX Legit?
GCFXs license of Labuan Financial Services Authority (Labuan FSA) has been regarded as suspicious clone. It holds Straight Through Processing (STP) with No. MB/20/0056.
| Regulatory Status | Suspicious 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?
GCFX supports trading in forex, indices, shares, commodities, metals, digital currencies, bonds & ETFs.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Metals | ✔ |
| Indices | ✔ |
| Shares | ✔ |
| Digital currencies | ✔ |
| Bonds | ✔ |
| ETFs | ✔ |
| Options | ❌ |
| Mutual Funds | ❌ |
Trading Platform
GCFX offers GCFX Trader (software, app, and web) and MT5. You can download via Google Play, and App Store. The GCFX platform, which is both intuitive and robust, is optimized to provide excellent performance, dependability, and speed across all web browsers.
| Trading Platform | Supported | Available Devices | Suitable for |
| GCFX Trader | ✔ | Web | / |
| MT5 | ✔ | Windows, iOS, Android | Experienced traders |
| MT4 | ❌ | Windows, iOS, Android | Beginners |
Deposit and Withdrawal
GCFX supports VISA, Mastercard, NETELLER, Skrill, and bank wire to make funding.
FX1927997032
United Arab Emirates
1. Withdrawal Not Processed: I submitted a fund withdrawal request over 72 hours ago, but the funds have still not been credited to my account. This contradicts the 6-hour withdrawal processing time that was promised to me at the time of joining GCFX. 2. Bonus Credit Removed Without Consent: I was assured a bonus credit during onboarding, which was one of the main reasons I joined GCFX. However, the bonus was removed from my account just 3 days after joining, without my permission or any explanation. Even after 5 days of follow-up, this issue remains unresolved. 3. Spread Changed Without Notice: The spread offered during account opening has now changed without any prior notice or communication. This has directly affected my trading experience and planning. 4. No Response from Dubai Management: I have made several attempts to reach out to your Dubai office, explaining my issues in detail. Unfortunately, I have not received any proper response or resolution. This lack of communication
Exposure
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
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
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