Abstract:Established in 2012 with headquarters in China, GCT Website is licensed under revoked VFSC (Vanuatu Financial Services Commission). The main advantage of the platform is the low minimum deposit of $100; its revoked regulatory status increases investor risk.
Established in 2012, GCT is licensed under revoked VFSC (Vanuatu Financial Services Commission). The main advantage of the platform is the low minimum deposit of $100; its revoked regulatory status increases investor risk.
Pros | Cons |
Low minimum deposit of $100 | Revoked VFSC license |
Trading on the widely-used MT4 platform | No diversed account types |
Maximum leverage of 1:100 |
GCT's license with the Vanuatu Financial Services Commission (VFSC) has been revoked, meaning it no longer holds a valid regulatory license and operates without legal oversight.
Vanuatu Financial Services Commission(VFSC) | |
Current Status | Revoked |
Regulated by | VFSC |
License Type | Retail Forex License |
License No. | 14732 |
Licensed Institution | GCT CO., LIMITED |
GCT provides a limited range of market instruments, including forex, metals, commodities, currency pairs, and indices.
Tradable Instruments | Supported |
Forex | ✔ |
Metals | ✔ |
Commodities | ✔ |
Currency Pairs (FX) | ✔ |
Indices | ✔ |
Stocks | ❌ |
Cryptocurrencies | ❌ |
GCT offers various live trading accounts and demo account.But no Islamic accounts.
Account Name | Minimum Deposit | Maximum Leverage | Spreads | Suitable For |
Standard | $100 | 1:100 | From 1.4 pips | Beginner to intermediate traders |
Trading Platform | Supported | Available Devices | Suitable for |
MT4 | ✔ | Desktop, Mobile | Suitable for all experience levels |
Proprietary Platform | ❌ | - | - |
GCT offers customer support through phone and email.
Contact Options | Details |
Phone | 400 998 5220 |
support@gctexchange.com |
GCT mostly offers small minimum deposit and MT4 platform application as perks. Still, considering its revoked VFSC licence and multiple consumer complaints, this is a high-risk decision. Although this site is not recommended generally, high-risk investors could find it suitable.
Is GCT safe?
No, GCT is not safe. It has a revoked VFSC license.
Is GCT good for beginners?
No, the risks involved with this platform make it unsuitable for beginners.
Is GCT good for day trading?
No, the lack of transparency makes it not suitable for day trading.