Abstract:Housed in the United Kingdom and founded in 2004, GIC Broker operates as an unregistered firm. This lack of regulatory supervision suggests that the company does not meet the compliance and protection standards often imposed by financial authorities, thereby perhaps raising the risks to investors.
Note:GIC Broker's official website:https://www.gic-broker.com/ is currently inaccessible normally.
Aspect | Information |
Company Name | GIC Broker |
Registered Country/Area | United Kingdom |
Founded Year | 2004 |
Regulation | Unregulated |
Housed in the United Kingdom and founded in 2004, GIC Broker operates as an unregistered firm. This lack of regulatory supervision suggests that the company does not meet the compliance and protection standards often imposed by financial authorities, thereby perhaps raising the risks to investors.
Operating without any regulatory control, GIC Broker violates the financial rules and protections established by regulatory agencies, therefore increasing the investment risk.
GIC Broker runs without any regulatory control, so raising the investment risk since there is no assurance of financial standard compliance.
Using a white label MT4 platform could suggest a lack of proprietary technology and possible dependability problems, so influencing the trading experience.
With many complaints and poor trust ratings, the broker has been marked for high potential risk and calls more doubt on its validity and safety for traders.
Lastly, trading with GIC Broker is highly risky because of its lack of control, use of a white label MT4 platform, and other issues pointing out enormous probable risk. Investors are strongly advised to use licenced brokers with open practices and validated credentials in order to ensure the security and protection of their money.
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According to the Broker, The website (https://mcmarkets.com) is owned and operated by MAGIC COMPASS GLOBAL LIMITED and MAGIC COMPASS LTD. MAGIC COMPASS GLOBAL LIMITED is a registered entity in Seychelles registered at IMAD Complex, Office 12, 3rd Floor, Ile Du PORT, Mahe, Seychelles, Registration Number: 8434985-1