Score
GCFX
Malaysia|1-2 years| https://www.gcfx24.com/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
United KingdomContact
Licenses
Single Core
1G
40G
Contact number
+60 392125418
+971 547 064 286
+20 150 169 2049
Other ways of contact
Broker Information
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GLOBAL CAPITAL MARKET LIMITED
GCFX
Malaysia
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The MalaysiaLFSA regulation (license number: MB/20/0056) claimed by this broker is suspected to be clone. Please be aware of the risk!
WikiFX Verification
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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GCFX · Company Summary
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
| Pros | Cons |
| MT5 and GCFX Web Trader trading platforms provided | Suspected fake clone of Labuan FSA |
| Various asset classes | Regional restrictions |
| Social media presence | |
| Security measures provided |
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.
| Regulatory Status | Suspected Fake Clone |
| Regulated by | Malaysia |
| Licensed Institution | GLOBAL CAPITAL MARKET LIMITED |
| Licensed Type | Straight Through Processing (STP) |
| Licensed Number | MB/20/0056 |
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.
| Contact Options | Details |
| Phone | +60392125418 |
| +20 150 169 2049 | |
| ❌ | |
| ✔ | |
| Online Chat | ❌ |
| Social Media | Facebook, Instagram, and YouTube |
| Supported Language | English |
| Website Language | English |
| Physical Address | Q4-17/BT, U0066, 1st floor, jalan Okk Awang besar, P.O Box 82257 federal Territory of Labuan, Malaysia |
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.
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