GCFX

GCFX provides a trading platform for retail and professional clients to trade Forex, international indices and more, utilizing contracts for differences (CFDs). It provides both demo and live accounts operated under MT5 and it web-based trading platform. However, their license of Labuan FSA is reported as suspicious fake clone.

Pros and Cons

Is GCFX Legit?

GCFX asserts that it is regulated by the Labuan Financial Services Authority (Labuan FSA) under a Straight Through Processing (STP) license, with the license number MB/20/0056. However, it is currently under suspicion of being a fraudulent clone.

What Can I Trade on GCFX?

In GCFX, you can trade forex, equity, commodities, metals, indices, crypto, energy treasury, ETFs etc. on contract for differences (CFDs) and more.

Account Type

GCFX provides both live and demo accounts for its users, featuring the GCFX trading platform as well as the MT5 platform.

Trading Platform

GCFX offers MT5 and GCFX WebTrader. These platforms are operated under various financial instruments, such as forex, indices, and commodities. Traders can utilize advanced charting tools and technical indicators to make informed trading decisions. Additionally, GCFX platforms provide fast trade execution and customizable interfaces.

Deposit and Withdrawal

GCFX supports VISA, MasterCard, Neteller, Skrill and Bank Wire to deposit and withdraw.

Customer Service

GCFX offers 24/7 customer service via phone, WhatsApp and social media such as Facebook, Instagram and YouTube.

The Bottom Line

GCFX offers forex broker services through two trading platforms with live and demo accounts. It provides security measures to protect their traders. However, there are many limitations. First, their licence has been suspected as fake clone one. Second, many residents in some regions have no access to trade with them.

FAQs

Is it safe to trade with GCFX?

No. Their license is a suspicious fake clone.

What security measures does GCFX have in place to protect my funds and personal information?

Trades are centrally cleared with Tier1 Banks and Prime Brokers.

At GCFX, are there any regional restrictions for traders?

Yes. It does not provides services for the residents of the United States, Belgium, Canada, Singapore, and Japan.