GTCFX review: Regulations, Trading platforms, Broker features, and User ratings.
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4 REVIEWS
What is GTCFX(GTCUP)?
GTCFX (also GTCUP) is a forex broker with MT 4, MT 5, and cTrader global forex trading top platforms in Windows, Mobile and Web version.
GTCFX.com offers over 45 forex currency pairs, CFDs, commodities, gold, silver, oil, stocks and indices for your personal investment and trading options.
Please read GTCUP Reviews below and share your live trading experiences with this broker.
Also GTCUp.com.
Broker Details
| Minimum Trade Size: | 0.01 |
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| Maximum Leverage: | 500:1 |
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| Minimum to Open Live: | $30 |
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| Established: | 2016 |
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| Address: | The Regal Tower, Business Bay, Dubai, United Arab Emirates |
| Contact: | support@gtcup.com, +971 4 556 2800 |
| Regional offices: | |
| Regulators: | FSC Mauritius #GB22200292, VFSC #40354 |
| Prohibited countries: | Show all >> |
| Trading platforms: | MT4, MT5 |
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| Web Trading: | ✅ Yes |
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| Mobile Trading: | ✅ Yes |
| ECN: | ✅ Yes |
| Currencies: | (45+) |
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| Cryptocurrencies: | |
| CFD: | (30+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities, Futures |
Trading Conditions |
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| Hedge: | ✅ Yes |
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| EAs/Robots: | ✅ Yes |
| Scalping: | ✅ Yes |
| MAM: | ✅ Yes |
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| PAMM: | ✅ Yes |
| Copy Trading: | ✅ Yes |
| Deposit Methods: | Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Alipay, CASHU, FasaPay, Neteller, PerfectMoney, Skrill |
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| Withdrawal Methods: | Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Alipay, CASHU, FasaPay, Neteller, PerfectMoney, Skrill |
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1 •
4 REVIEWS
Recent User Reviews of GTCFX
M
Martins N
warri, Nigeria,
Apr 30, 2024,
Registered user
GTCFX.com took my $33,000
Service use: Live
Length of use: Have not used
I want to tell the whole world that GTC Global Trade Capital STP broker in Dubai is a very bad broker. They took my $33,000 from my account by executing over 120 trades on my account as market opened on Sunday night and that Ali@gtcfx.com is the WORST account manager I have ever seen.
I suddenly began to see 10 lots of buy and sell trades on gold opening on my account and when I tried to close them I kept getting the message TRADE DISABLED and I couldn’t close the positions until my account got to a stopout and the trades began to close at huge loses leaving me with a balance of $18,000 out of $51,000 that was my balance.
STAY AWAY from this broker if you don’t want this to happen to you too.
They NEVER agreed it was from their side. This is total wickedness and I am in serious agony now.
They claim to have SCA license in Dubai but this is not true. The entity with SCA license bears a similar name as GTC but not same company so do not be deceived. The company with SCA license with name GTC MULTI TRADING does not onboard any client for trading. They have a totally different business from GTC Global Trade Capital STP broker so be warned.
I even later discovered that the SCA has warned investors to avoid this GTCFX.com company as they are not regulated by the SCA. See the warning here https://www.sca.gov.ae/en/open-data/violations-and-warnings.aspx
GTC Global Trade Capital STP broker
Company
The Authority (SCA) informs the investors that GTC Global Trade Capital STP broker Dubai Branch –REP Office Company has not obtained a license to practice any activities subject to the supervision of SCA Therefore, the SCA warns investors against dealing with the mentioned company in any activity subject to regulation and supervision by the SCA.
Don’t fall into this trap like I did !!!!!!
I suddenly began to see 10 lots of buy and sell trades on gold opening on my account and when I tried to close them I kept getting the message TRADE DISABLED and I couldn’t close the positions until my account got to a stopout and the trades began to close at huge loses leaving me with a balance of $18,000 out of $51,000 that was my balance.
STAY AWAY from this broker if you don’t want this to happen to you too.
They NEVER agreed it was from their side. This is total wickedness and I am in serious agony now.
They claim to have SCA license in Dubai but this is not true. The entity with SCA license bears a similar name as GTC but not same company so do not be deceived. The company with SCA license with name GTC MULTI TRADING does not onboard any client for trading. They have a totally different business from GTC Global Trade Capital STP broker so be warned.
I even later discovered that the SCA has warned investors to avoid this GTCFX.com company as they are not regulated by the SCA. See the warning here https://www.sca.gov.ae/en/open-data/violations-and-warnings.aspx
GTC Global Trade Capital STP broker
Company
The Authority (SCA) informs the investors that GTC Global Trade Capital STP broker Dubai Branch –REP Office Company has not obtained a license to practice any activities subject to the supervision of SCA Therefore, the SCA warns investors against dealing with the mentioned company in any activity subject to regulation and supervision by the SCA.
Don’t fall into this trap like I did !!!!!!
M
Martins Aondofa Agas
Ondo state Akure , Nigeria,
Jan 11, 2024,
Registered user
profitless broker
Service use: Live
Length of use: 0-3 Months
With GTCFX you can trade with little amount but never you make a profit to return your money back, if you press a trade if buy or sell the market start going opposite your trade, I lost my whole investment with gtcfx. If you make profit today tomorrow you are going to lose it all. This broker is evil.
A
Abdulaziz al qahtani
Riyadh, Saudi Arabia,
Apr 15, 2013,
Guest
Scam 17569$ for me with leo invest pls
Please help me
Please help me
1 trader has found this review helpful
S
Steve .N
Osaka, Japan,
Nov 13, 2012,
Guest
This is a very bad bad bad forex broker. They stole some of my clients' deposits and never returned any back. This broker is un-regulated so be very careful not to open any real account with them. Also, you have to be aware that they will proceed your application form even if you didn't sign trading agreement. it is big SCAM....
1 trader has found this review helpful