Score

1.89 /10
Danger

GCG Markets

United States

1-2 years

Suspicious Regulatory License

MT4 Full License

Regional Brokers

High potential risk

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Score

Regulatory Index0.00

Business Index5.06

Risk Management Index0.00

Software Index8.22

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

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

Single Core

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40G

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Broker Information

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Company Name

GCG Markets

Company Abbreviation

GCG Markets

Platform registered country and region

United States

Company website

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YouTube

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

GCG Markets · Company summary
GCG Markets Review Summary
Founded2023
Registered Country/RegionUnited States
RegulationUnregulated
Market InstrumentsForex
Demo Account
LeverageUp to 1:1000
SpreadFrom 1.1 pips (Standard account)
Trading PlatformMT4
Min Deposit$15
Customer SupportEmail: support@gcgmarkets.com
X: https://twitter.com/GcgMarkets_LTD
Facebook: https://www.facebook.com/profile.php?id=61550496171142
Instagram: https://www.instagram.com/gcgmarketsofficial/?hl=en
YouTube: https://www.youtube.com/@GCGMarketsTubeChannel/featured

Overview of GCG Markets

Founded in 2023, GCG Markets is an unregulated forex broker registered in the United States, offering forex trading with leverage up to 1:1000 and spread from 1.1 pips on the Standard account via the MT4 platform. Demo accounts are available and the minimum deposit requirement to open a live account is only $15.

Pros and Cons

ProsCons
Demo accountsInaccessible website
Multiple account typesUnregulated
Flexible leverage ratiosLimited trading asset classes
Commission-free accounts offeredUnknown payment methods
MT4 supported
Low minimum deposit

Is GCG Markets Legit?

No, GCG Markets currently has no valid regulations. This lack of recognized regulation poses significant risks for investors and traders who may consider engaging with GCG Markets for financial services.

No license

Account Types

Account TypeMin Deposit
Standard$15
Cent$15
ECN$200

Leverage

Account TypeMax Leverage
Standard1:1000
Cent1:1000
ECN1:200

It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads & Commissions

Account TypeSpreadCommission
StandardFrom 1.1 pips
CentFrom 1.1 pips
ECNFrom 0 pipsUSD 5
Spreads & Commissions

Trading Platform

The trading platform offered by GCG Markets is MetaTrader 4, commonly known as MT4. MT4 is renowned for being one of the most popular and widely utilized trading platforms in the world, particularly favored by forex traders for its robust features and user-friendly interface.

It provides a comprehensive suite of tools and resources, including advanced charting capabilities, a wide range of technical indicators, and automated trading options through Expert Advisors (EAs).

Trading PlatformSupported Available Devices Suitable for
MT4Android, iOS, WindowsBeginners
MT5/Experienced traders
Trading Platform

User Reviews

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Comments

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Earzh Narathorn
more than one year
GCG Markets has a bunch of account options for everyone. And the min deposit is just $15, perfect for newbies!
GCG Markets has a bunch of account options for everyone. And the min deposit is just $15, perfect for newbies!
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2024-07-30 18:01
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Alessandro Mancini
more than one year
The mobile app is just awesome! Super responsive and user-friendly. And the flexible leverage options up to 1000:1, made me evenmore excited!
The mobile app is just awesome! Super responsive and user-friendly. And the flexible leverage options up to 1000:1, made me evenmore excited!
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2024-06-25 17:50
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