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GCEX -

Score

3.02 /10
Danger

GCEX

United Kingdom

2-5 years

Regulated in United Kingdom

Investment Advisory License

Suspicious Scope of Business

Suspicious Overrun

Medium potential risk

https://www.gc.exchange

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Score

Regulatory Index2.78

Business Index5.77

Risk Management Index0.00

Software Index4.00

License Index2.78

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Licenses

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

GC Exchange Limited

Company Abbreviation

GCEX

Platform registered country and region

United Kingdom

Company website

Linkedin

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-25
  • This broker exceeds the business scope regulated by United Kingdom FCA(license number: 828730)Investment Advisory Licence Non-Forex License. Please be aware of the risk!

WikiFX Verification

GCEX · Company summary
GCEX Review Summary
Founded2022
Registered Country/RegionUnited Kingdom
RegulationFCA (Exceeded)
Market InstrumentsForex pairs, Commodities, Indices, and Cryptocurrencies
Demo Account✅
Leverage/
EUR/USD Spread/
Trading PlatformXplorSpot Lite
Min Deposit/
Customer SupportTel: +44 (0) 20 3960 8850, +45 32 75 90 88
Email: info@gc.exchange
Physical address: London: GC Exchange Limited 75 King William Street, London, EC4N7BE
Dubai: GC Exchange FZE 8th floor, the Offices 4, One Central, Dubai World Trade Center
Denmark: GC Exchange A/S Amager Strandvej 390, 2770, Kastrup Denmark

GCEX is a financial broker registered in the United Kingdom in 2022. It offers access to a wide range of products, including Forex pairs, Commodities, Indices, and Cryptocurrencies. The company provides limited information concerning trading conditions. Additionally, GCEX is currently under abnormal oversight due to operating with an exceeded FCA license.

GCEX's homepage

Pros and Cons

Pros Cons
Various trading choicesAbnormal license
Demo accountsNo reliable trading platform
Limited info on trading conditions
Unclear payment methods

Is GCEX Legit?

GCEX claims to be regulated by the UK's Financial Conduct Authority (FCA). However, upon investigation, we found that this license is in an abnormal status, marked as “Exceeded”. Therefore, please exercise caution before considering trading with them.

Regulatory Status Exceeded
Regulated by Financial Conduct Authority (FCA)
Licensed Institution GC Exchange Limited
Licensed TypeInvestment Advisory License
Licensed Number828730
Exceeded FCA license

What Can I Trade on GCEX?

GCEX offers a variety of tradable instruments, including Forex pairs, Commodities, Indices, and Cryptocurrencies. You can trade all major and minor currencies at tight spreads on GCEX, as well as indices such as the Dax 30 Index, S&P 500 Index, and many more. Additionally, commodities include gas, oil, and metals.

Tradable Instruments Supported
Forex pairs✔
Commodities✔
Indices✔
Cryptocurrencies✔
Stocks❌
Bonds❌
Options❌
ETFs❌
What Can I Trade on GCEX?

Trading Platform

When considering trading platforms, GCEX only offersLite, which appears to be GCEX only offers XplorSpot Lite, which appears to be a proprietary platform. Unfortunately, this platform falls short in comparison to the professional and advanced features of MT4 or MT5.

As a result, we recommend you selecting a legally regulated broker that provides MT4 or MT5 for a more comprehensive trading experience.

Trading PlatformSupported Available Devices Suitable for
XplorSpot Lite✔Mobile and Web/
MT4❌/Beginners
MT5❌/Experienced traders
XplorSpot Lite

News

NewsGCEX extends its partnership with Hex Trust

Digital Prime Brokerage GCEX (GCEX Group) has expanded its partnership with Hex Trust, an institutional-grade digital asset custodian.

WikiFX
2023-06-13 17:14
GCEX extends its partnership with Hex Trust

NewsGCEX expands its collaboration with Komainu to include Staking

GCEX, the digital technology solutions provider, has announced that it is extending its partnership with Komainu, a digital asset custody provider. The partnership will now include staking, which will allow institutional clients to earn rewards on their digital assets.

WikiFX
2023-04-27 20:03
GCEX expands its collaboration with Komainu to include Staking
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FX1698997642
more than one year
We need GCEX to retain info of great traders and give them offers to guide us the new traders. I would not mind if I am given a basic guide by a professional who is well acquainted with the system on condition that we share profits in 70% and 30% respectively on profits till i reach a mode or level where i also become a professional.
We need GCEX to retain info of great traders and give them offers to guide us the new traders. I would not mind if I am given a basic guide by a professional who is well acquainted with the system on condition that we share profits in 70% and 30% respectively on profits till i reach a mode or level where i also become a professional.
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2024-06-27 11:38
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HFGFX
more than one year
Been using GCEX for a while. Great for institutions - staking available, lots of assets (crypto, forex, etc.). Downside? Fees are high. Not for retail traders. Just double-check fees before you commit.
Been using GCEX for a while. Great for institutions - staking available, lots of assets (crypto, forex, etc.). Downside? Fees are high. Not for retail traders. Just double-check fees before you commit.
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2024-03-14 17:05
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