Score

1.48 /10
Danger

GHC

United Kingdom

2-5 years

Suspicious Regulatory License

White label MT4

The server is only located in China.

High potential risk

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Comparison

Quantity 10

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.79

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

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

1G

40G

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Broker Information

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Company Name

UK GHC

Company Abbreviation

GHC

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 9 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
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    GHC · Company summary

    GHCBasic Information
    Company NameGHC
    Founded2020
    HeadquartersUnited Kingdom
    RegulationsNone
    Tradable AssetsForex, Precious Metals, Energy, Index Spreads, Global Stocks
    Account TypesECN accounts with low spreads
    Minimum Deposit$1,000
    Maximum Leverage500:1
    SpreadsAs low as 0.1 points
    Trading PlatformsMetaTrader 4
    Customer SupportPhone: +6141193150888, Email: customerservice@ghc.com

    Overview of GHC

    GHC, founded in 2020, has quickly established itself as a notable player in the trading world, providing access to a wide variety of markets through the popular MetaTrader 4 platform. The firm is known for its tight ECN spreads and a high leverage ratio, appealing to traders seeking aggressive trading strategies. However, GHCs lack of regulatory oversight remains a significant concern, highlighting the potential risks associated with unregulated trading environments.

    Overview of GHC

    Is GHC Legit?

    There is no recognized financial regulatory body that oversees GHC. The dangers of trading and investing through this broker may rise as a result of the lack of regulation, which implies that there is no supervision guaranteeing that GHC complies with the rules and regulations of the financial sector. Prospective customers must to proceed with caution and weigh the increased risk involved in doing business with an unlicensed organization.

    Is GHC Legit?

    Pros and Cons

    GHC offers a robust trading experience with its advanced MetaTrader 4 (MT4) platform, providing traders with diverse instruments such as Forex, precious metals, energy products, index spreads, and global stocks. The competitive spreads and high leverage options make it attractive for aggressive trading strategies. However, the significant drawback is that GHC is not regulated by any recognized financial authority, which increases the risks due to the lack of regulatory oversight. Additionally, there is limited information available on their deposit methods, which might concern potential investors about the transparency and ease of transactions.

    ProsCons
    • Advanced trading platform (MT4)
    • Not regulated
    • Diverse trading instruments
    • Lack of regulatory oversight
    • Competitive spreads and leverage
    • Limited information on deposit methods

    Trading Instruments

    A wide variety of trading instruments are available from GHC, including foreign exchange (Forex), precious metals, energy, index spread contracts, and global stocks. This selection caters to various investment preferences, allowing traders to engage in multiple markets from commodities to equities and indices.

    Trading Instruments

    Here is a comparison table of trading instruments offered by different brokers:

    BrokerGHCRoboForexFxProIC Markets
    ForexYesYesYesYes
    CommoditiesYesYesYesYes
    CryptoYesYesYesYes
    CFDNoYesYesYes
    IndexesYesYesYesYes
    StockYesYesYesYes
    ETFNoYesNoYes
    OptionsNoNoYesNo

    Account Types

    GHC offers trading accounts characterized by competitive features such as an original ECN spread starting as low as 0.1 points. The accounts provide a high leverage option up to 500:1, with a minimum deposit requirement of $1,000. Additionally, the minimum trade size is set at 0.01 hand, allowing flexibility in trading volumes suitable for various trading strategies and capital sizes.

    Account Types

    Leverage

    GHC offers a high leverage option of up to 500:1 for its trading accounts, enabling traders to significantly increase their trading position size relative to their initial investment.

    Here is a comparison table of maximum leverage offered by different brokers:

    BrokerGHCCapital BearQuadcode MarketsDeriv
    Maximum Leverage1:5001:51:301:1000

    Spreads and Commissions

    GHC offers original ECN spreads as low as 0.1 points.

    Deposit & Withdraw Methods

    GHC requires a minimum deposit of $1,000 for opening a trading account.

    Trading Platforms

    GHC provides the MetaTrader 4 (MT4) trading platform, which is widely recognized for its robust functionality, comprehensive analytical tools, and ability to support automated trading systems, making it suitable for both novice and experienced traders.

    Trading Platforms

    Customer Support

    GHC's customer support can be contacted via phone at +6141193150888 or through email at customerservice@ghc.com, offering assistance for inquiries and support needs of their clients.

    User reviews

    User 1: “I've been using GHC for a few months now, and I gotta say, their MT4 platform is super user-friendly and packed with great tools. The spreads are really tight, which is awesome for my trading strategy. But, I'm a bit uneasy about the lack of regulation. It makes me nervous about the safety of my funds. I wish they had more transparent deposit methods too.”

    User 2: “GHC has a pretty impressive range of tradable assets. I‘ve been dabbling in Forex and precious metals, and the leverage options are fantastic! However, I’m concerned about them not being regulated. Its a bit of a red flag for me. Customer support has been helpful whenever I've had questions, but the overall lack of regulatory backing makes me cautious.”

    Conclusion

    While GHC offers a variety of trading instruments and favorable trading conditions on the MetaTrader 4 platform, the absence of regulatory oversight casts doubts about its reliability and safety as a trading partner. Traders should weigh the benefits of competitive trading terms against the risks associated with the lack of regulatory protection before deciding to invest with GHC.

    FAQs

    Is GHC regulated?

    No, GHC is not regulated by any recognized financial authority.

    What trading platform does GHC use?

    GHC utilizes the MetaTrader 4 platform for all its trading activities.

    What is the minimum deposit required to trade with GHC?

    The minimum deposit required to start trading with GHC is $1,000.

    Risk Warning

    Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then.

    News

    ExposureWikiFX Broker Assessment Series | GHC: Is It Trustworthy?

    In this article, we will conduct a comprehensive examination of GHC. WikiFX endeavours to provide you with the essential information required to make an informed decision about utilizing this platform.

    WikiFX
    2024-05-28 16:48
    WikiFX Broker Assessment Series | GHC: Is It Trustworthy?

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