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GCG ASIA -

Score

1.56 /10
Danger

GCG ASIA

Switzerland

Scam Brokers

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Australia Common Business Registration Revoked

Suspicious Overrun

High potential risk

https://www.guardiancapitalag.asia

Influence

C

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Comparison

Quantity 89

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.39

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

CH FINMA
2019-03-06
Warning List - GCG ASIA
GCG ASIA

Broker Information

More

Company Name

Guardian Capital AG

Company Abbreviation

GCG ASIA

Platform registered country and region

Switzerland

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

This platform is a Ponzi Scheme. Please stay away! 6
Previous Detection : 2025-05-14
  • This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
  • The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.

WikiFX Verification

Exposure

89 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

After scamming me of $500, GCG ASIA absconded.

After scamming me of $500, GCG ASIA absconded.

2020-08-20 07:54
Unable to Withdraw

Unable to withdraw. Stay clear of this

A lot of scams here. Keep asking u to invest. You need to pay for your upgrade if u wanna withdraw funds!

2021-03-22 19:17
Others

Unable to withdraw

Can't withdraw funds since October 20. Besides, our withdrawals are transferred back to other wallets in the account, infriging investors' rights.

2020-12-02 02:24
Scam

The facts that GCG ASIA scams

1.GCG ASIA was opened at the end of December, 2018. And 111 gave no access to withdrawal since April, 2019. 2.Fuhao Qiu was arrested by Cambodian police in May, 2019. The so-called president Zheng cheated a lot of money by consignment business 3.GCG ASIA promised that the withdrawal problem can be solved after depositing $500 to register GIB digital bank before it absconded. In fact, the users still can’t withdraw and swindle members out of $500 instead. 4.111 was renamed GIB and pocked half of its members’ money, releasing the half money within three years. 5.90% profits of members were stolen by GCG ASIA 6.Now GCG ASIA still ballyhoos its fraud programs. The way GCG ASIA cheated can rank top 500 in the world!

2020-09-19 10:10
Unable to Withdraw

Unable to withdraw

I was cheated by the scammer and lost my money.

2021-09-30 17:41
Unable to Withdraw

50k was lost

I was cheated into investing over 50,000 RMB, which could not be withdrawn. What can I do to get my money back?

2021-02-13 08:32
Scam

Expose the leader fraud of GCG ASIA

Chen Wei, GCG’s behind-the-scenes boss, the others are all on the platform. Chen Wei was filed and pursued because of the Wanwei coin fraud. This person has long organized a fraud platform in Malaysia to defraud Chinese investors.

2021-01-27 13:48
Scam

The facts that GCG ASIA scams

1.111 was opened at the end of December, 2018. And GCG ASIA gave no access to withdrawal since April, 2019. 2.Fuhao Qiu was arrested by Cambodian police in May, 2019. The so-called president Zheng cheated a lot of money by consignment business 3.GCG ASIA promised that the withdrawal problem can be solved after depositing $500 to register GIB digital bank before it absconded. In fact, the users still can’t withdraw and swindle members out of $500 instead. 4.GCG ASIA was renamed GIB and pocked half of its members’ money, releasing the half money within three years. 5.90% profits of members were stolen by GCG ASIA 6.Now 111 still ballyhoos its fraud programs. The way GCG ASIA cheated can rank top 500 in the world!

2020-09-18 22:18
Resolved

Unable to withdraw

Is GCG ASIA existing now? Can’t withdraw in digital bank, either.

2020-10-29 07:13
Others

GCG ASIA has absconded, same routine with Ponzi Scheme.

It is simply a fraud. The rich Qiu has absconded with clients’ money. The unleash of the fund needs 3 years. It is a rip-off.

2020-07-25 10:00
Unable to Withdraw

Unable to withdraw

GCG ASIA claimed to solve the withdrawal problem as long as the digital bank was established. But now it has absconded. It still has 3 years to go before the withdrawal is available. I just want to take my fund back. But I am required to add fund.

2020-07-22 20:27
Unable to Withdraw

Capital Tray

The GIB digital bank is all fake. Withdrawals open only 5 months have been opened in the past two years. Around the month, the others are not withdrawing money for various reasons, and the principal cannot be withdrawn at all! Those who make money are the bosses, such as Xiaokai, Huang Jianqiu (Principal Huang). At present, the two leaders have successfully cashed out! At the end of the year, all the upper-levels are preparing to divide money to prevent investors from withdrawing. At present, all the withdrawal channels are closed. If you want to withdraw, you must invest more money. It is raised at about 10% per month, and then it is raised in January and February to find a reason to withdraw. If you want to withdraw cash, you must invest again!

2020-11-17 12:23
Unable to Withdraw

Scammers

Unable to withdraw. It's said all the funds were transferred to GIB digital bank. Scam!

2020-09-05 11:32
Resolved

Unable to withdraw

GCG ASIA asked members to invest $500 to register digital bank. Now there are many problems with the digital bank. You can't withdraw.

2020-11-15 18:09
Unable to Withdraw

Ask me to pay $1,500 to open an account of digital banking

I deposited in April, 2019 and I can’t withdraw. It’s said that something happened to the boss! I met another leader in September, 2020 and asked me to open an account of digital banking to withdraw! I deposited 50,000! He told me that if I paid $1,500 for an account of digital banking I can withdraw all the money and my account balance was over 600,000 now. It feels fake!

2020-09-16 18:34
Scam

Revelation of GIB’s close connection with GCG

The pyramid scheme by GCG, the former name of GIB, is revealed as follows: 1.GCG, which started its operation at the end of December 2018, began to block investor withdrawals on a large scale from April 2019. 2. Mr. Qiu, head of GCG, was arrested by the Cambodian police in May 2019. Later, a so-called GCG general manager Mr. Zheng launched 5-5 or 6-4 orders, inflicting heavy losses on a large number of members! 3. Before absconding, GCG promised members that the withdrawal problem will be fixed if they invest US$500 to register for the GIB Digital Bank. However, the investors were still unable to withdraw money. The registration fee later increased to US$1,000. 4. GCG rebranded itself to GIB (Global Investment Bank) after it scammed 50% of GCG members’ deposits and plotted to scam the rest in the next three years. 5. Moreover, 90% of the profits in GCG members’ accounts in the past year or so were swindled with the remaining 10% left to continue their scam. 6. Currently, GIB continues to publicize its fraudulent money-raising scheme in the hope of joining the Fortune Global 500 companies!

2020-10-01 21:45
    GCG ASIA · Company summary
    GC OptionReview Summary
    Founded2019
    Registered Country/RegionSaint Vincent and the Grenadines
    RegulationNo regulation
    Market InstrumentsCurrency pairs, stocks, indices, metals
    Demo Account✅
    Leverage/
    Spread/
    Trading PlatformMT4, WebTrader Pro, WebTrader Classic
    Minimum Deposit$10
    Promotion✅
    Customer Support24/7 multilingual support
    Live chat
    Email: support@grandcapital.net [Mon–Fri 6:00 AM–6:00 PM (GMT)]
    Social media: Instagram, YouTube, Twitter, Facebook

    GC Option was registered in 2019 in Saint Vincent and the Grenadines, offering trading services related to currency pairs, stocks, indices, and metals. It provides three types of accounts, with a minimum deposit of $10. Besides, demo accounts and promotions are also provided. However, this company is not regulated, and it does not reveal details of leverage ratio and spread.

    GC Option's homepage

    Pros and Cons

    Pros Cons
    Demo accounts offeredLack of regulation
    Low minimum depositLack of transparency
    MT4 supportedLimited payment options
    Multiple channels for customer support
    Promotions offered

    Is GC Option Legit?

    No, GC Option is not regulated by financial regulatory authorities in Saint Vincent and the Grenadines, which means the company lacks regulation from its registration site. Therefore, potential risks cannot be ignored.

    No license
    Domain information

    What Can I Trade on GC Option?

    GC Option provides several types of products, including currency pairs, stocks, indices, and metals.

    Tradable Instruments Supported
    Currency Pairs✔
    Indices✔
    Stocks✔
    Metals✔
    Cryptos❌
    Bonds❌
    Options❌
    ETFs❌
    What Can I Trade on GC Option?

    Account Type

    GC Option offers three types of accounts: Silver, Gold, and VIP Account. Besides, a demo account is also available. However, the leverage ratio, spread, and commission fees of each account are not clear.

    Account TypeMinimum Deposit
    Silver$10
    Gold$100
    VIP$300
    Account comparison

    Trading Platform

    GC Option uses WebTrader Pro, WebTrader Classic, and MT4 as its trading platforms. MT4 is a commonly used platform, which is suitable for beginners. However, it should be noted that web traders may have potential risks, and careful considerations are recommended.

    Trading PlatformSupported Available Devices Suitable for
    MT4✔PC, web, mobile, macBeginners
    WebTrader Pro✔Web/
    WebTrader Classic✔Web/
    MT5❌//
    Trading Platform

    Deposit and Withdrawal

    GC Option supports ThunderXpay and Indian Exchanger. The processing time and commission fees vary according to the types of payment options.

    Deposit Options Accepted CurrenciesDeposit FeesDeposit Processing Time
    ThunderXpayLAK, MMK, KHR2%/
    Indian ExchangerINR❌1 day
    Withdrawal Options Accepted CurrenciesWithdrawal Fees Withdrawal Processing Time
    ThunderXpayLAK, MMK, KHR❌Up to 3 days
    Indian ExchangerINRDepends on bank1 to 3 days
    Deposit
    Withdrawal

    Promotion

    GC Option has promoting activities which offer bonuses to traders.

    Promotion

    News

    News'Datuk' among 10 individuals arrested over bogus forex investment scheme

    The police arrested 10 individuals, including a man carrying the title "Datuk", for their suspected involvement in fraudulent forex investment schemes in five states on Saturday (Jan 1).

    WikiFX
    2022-01-06 11:59
    'Datuk' among 10 individuals arrested over bogus forex investment scheme

    NewsCops bust forex scam syndicate, seize RM127mil worth of watches and gold

    A Datuk is among 10 arrested for alleged links to a Forex investment scam involving losses of at least RM2.94mil.

    WikiFX
    2022-01-06 10:36
    Cops bust forex scam syndicate, seize RM127mil worth of watches and gold
    About More

    User Reviews

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    User comment

    6

    Comments

    Write a review

    FX1263301479
    more than one year
    Unreliable! Never trust your money on this trading site. I deposited GCG ASIA trading platform. I was trading for a while and then I decided to cash out my money because it wasn't exactly what I expected and what they were saying.
    Unreliable! Never trust your money on this trading site. I deposited GCG ASIA trading platform. I was trading for a while and then I decided to cash out my money because it wasn't exactly what I expected and what they were saying.
    Translate to English
    2023-02-28 10:54
    Reply
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    FX1156270465
    more than one year
    本來有朋友推薦這個平臺給我，但是幸好在外匯天眼平臺上查了查，有好多負面的評價，該平臺就是個黑平臺。 現在的外匯平臺龍魚混雜，不提前查查很可能會上當受騙的！
    本來有朋友推薦這個平臺給我，但是幸好在外匯天眼平臺上查了查，有好多負面的評價，該平臺就是個黑平臺。 現在的外匯平臺龍魚混雜，不提前查查很可能會上當受騙的！
    Translate to English
    2022-12-13 10:57
    Reply
    0
    0
    89