GTCFX Review

Category: Reviews | Author: Trading Brokers | Date: October 12, 2023

GTCFX is a forex broker that offers a wide range of platforms, tools, and trading instruments for its clients, including forex, metals, energies, stocks, and indices. But how reliable and trustworthy is this broker? How does it compare to other brokers in the market? In this article, we will review GTCFX and highlight the pros and cons of trading with GTCFX. By the end of this review, you should have a clear idea of whether GTCFX is a suitable broker for your trading needs and preferences.

Pros & Cons

  • GTCFX offers a copy trading service and joint accounts for passive income options
  • The broker has a diversified team of consultants to help clients find their trading solutions
  • GTCFX offers a wide range of trading instruments, including forex, metals, energies, stocks, and indices
  • GTCFX offers hassle-free deposits and withdrawals with no fees. The broker provides multilingual technical support that is available 24/7.
  • The broker provides multiple trading platforms, including cTrader, MetaTrader 4, and MetaTrader 5
  • The minimum deposit for the Pro Account is $3,000, which may be too high for some traders
  • The broker does not offer negative balance protection
  • The broker is not regulated by any major financial authority. GTCFX has a higher-than-average risk

Summary

GTCFX Review

GTCFX Review

GTCFX is an offshore-based forex broker that was founded in 2013 and is based in Dubai, United Arab Emirates. The broker offers a wide range of trading instruments, including forex, metals, energies, stocks, and indices. GTCFX claims to be regulated by different authorities in different regions, such as the SCA in the UAE, the VFSC in Vanuatu, and the FSC in the Mauritius. The broker provides multiple trading platforms, including cTrader, MetaTrader 4, and MetaTrader 5, which are available in desktop, mobile, or web versions. The MetaTrader platforms are highly reliable and popular among forex traders, while cTrader is a modern-looking, user-friendly, and reliable platform. GTCFX also provides various trading tools to its clients, including over 80 built-in indicators, Market Depth data, and Expert Advisors.

Furthermore, The broker offers three types of accounts to fit different trading needs: Standard Account, Pro Account, and ECN Account. GTCFX offers hassle-free deposits and withdrawals with no fees. The available deposit methods include bank transfer, credit/debit cards, e-wallets, AliPay, Skrill, Neteller, FasaPay, CashU, and Perfect Money. The broker provides multilingual technical support that is available 24/7. GTCFX also offers a copy trading service and joint accounts for passive income options.

AvaTrade Logo

Our #1 Broker 2023

AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Regulation

GTCFX is a forex brokerage company that is registered, supervised, and authorized by the Vanuatu Financial Services Commission of the Republic of Vanuatu. The company is also authorized by the Financial Services Commission in Mauritius with registration number C188049 and licensed as an Investment Dealer under Mauritius license number GB22200292. They are also authorized by the SCA under license number 20200000007 to specialize in Commodity Brokerage Trading and Clearing. GTC Global Trade Capital Limited (SVG) is registered as a corporate entity under the International Business Companies (Amendment and Consolidation) Act in Saint Vincent under license number 24503 IBC 2018. GTC Markets (CY) Ltd. is registered as a corporate entity incorporated in the Republic of Cyprus with Registered Number HE 443759 and is acting as a payment agent only. GTCFX is registered in Vanuatu and its activities are controlled by three regulators: the Vanuatu Financial Services Commission (VFSC, 40354), the Department of Economic Development of Dubai (DED), and the Financial Services Commission (FSC, GB22200292 Mauritius). It is important to note that GTC Group does not provide services to residents of several jurisdictions, including the USA. Please see a list of regulated brokers for some alternative options.

Platforms & Tools

GTCFX offers multiple trading platforms to its clients, each with its own advantages and disadvantages. GTCFX also provides various trading tools to its clients, such as over 80 built-in indicators, Market Depth data, and Expert Advisors. These tools help traders analyze trading instruments and make informed trading decisions. Some of the indicators that GTCFX offers are Moving Averages, Bollinger Bands, Stochastic Oscillators, MACD, RSI, and more. These indicators can be applied to the charts to identify trends, patterns, signals, and opportunities. Here is a brief overview of the platforms that GTCFX provides:

  • cTrader: This is a modern-looking, user-friendly, and reliable platform that supports fast order execution, advanced charting, and multiple order types.
    cTrader

    cTrader

    cTrader also allows traders to access Market Depth data, which shows the liquidity of different price levels. cTrader is available in desktop, mobile, or web versions.

  • MetaTrader4: This is a highly popular and widely used platform among forex traders. MetaTrader4 is a more simplistic and limited software that offers only 9 timeframes to choose from, but it is still very effective and reliable. MetaTrader4 supports automated trading with Expert Advisors, which are programs that can execute trades based on predefined rules and conditions. MetaTrader4 is also available in desktop, mobile, or web versions.
    MT4 & MT5 Platforms
  • MetaTrader5: This is an all-in-one platform that enables access to stocks, cryptos, currencies, commodities, and other various asset classes. MetaTrader5 has 21 timeframes to choose from, as well as more indicators, analytical tools, and order types than MetaTrader4. MetaTrader5 also supports automated trading with Expert Advisors, as well as copy trading with Signals. MetaTrader5 is available in desktop, mobile, or web versions.

Education

GTCFX offers a variety of educational resources, including video tutorials, e-books, and webinars. The broker’s education section covers topics such as basic trading concepts, technical analysis, and fundamental analysis. Traders can also access exclusive seminars and workshops hosted by GTCFX. Here is a brief overview of each educational resource:

  • Video Tutorials: The video tutorials are short and easy-to-follow videos that explain the basics of forex trading, such as how to use the trading platforms, how to place orders, how to manage risks, and how to apply trading strategies. You can watch the video tutorials from the official site of GTCFX or from the GTCFX Web Platform.
  • E-books: The e-books are comprehensive and in-depth guides that cover various aspects of forex trading, such as market analysis, trading psychology, technical indicators, and chart patterns. You can download the e-books from the official site of GTCFX or from the GTCFX Web Platform.
  • Webinars: The webinars are live and interactive sessions that feature expert traders and analysts who share their insights and tips on the market trends and opportunities. You can join the webinars from the official site of GTCFX or from the GTCFX Web Platform. You can also ask questions and interact with the speakers during the webinars.
  • Seminars and Workshops: The seminars and workshops are exclusive events that are held periodically in different locations around the world. They offer a chance to meet and learn from the GTCFX team and other successful traders. You can register for the seminars and workshops from the official site of GTCFX or from the GTCFX Web Platform.

Markets

GTCFX offers a diverse range of trading instruments, including forex, metals, energies, stocks, and indices. Here is a detailed overview of each of these instruments:

  • Forex: GTCFX offers trading in over 50 currency pairs, including major, minor, and exotic pairs. Forex trading involves buying and selling currencies in order to profit from changes in their exchange rates. Some of the major currency pairs offered by GTCFX include EUR/USD, USD/JPY, and GBP/USD.
  • Metals: GTCFX offers trading in precious metals such as gold, silver, platinum, and palladium. These metals are often used as a hedge against inflation and economic uncertainty. Trading metals involves speculating on their price movements in order to profit from changes in their value.
  • Energies: GTCFX offers trading in energy commodities such as crude oil and natural gas. These commodities are affected by geopolitical events, supply and demand, and weather patterns. Trading energies involve speculating on their price movements in order to profit from changes in their value.
  • Stocks: GTCFX offers trading in a variety of stocks from around the world, including major companies such as Apple, Amazon, and Facebook. Trading stocks involves buying and selling shares of publicly traded companies. Some of the stock indices offered by GTCFX include the S&P 500, NASDAQ, and FTSE 100.
  • Indices: GTCFX offers trading in major stock indices such as the S&P 500, NASDAQ, and FTSE 100. Trading indices involves buying and selling a basket of stocks that represent a particular market or sector.

Accounts

GTCFX offers three types of accounts to fit different trading needs: Standard Account, Pro Account, and ECN Account.

  • Standard Account: The Standard Account is an excellent option for novice traders, as it contains market execution, consistent spreads, and zero requotes. The minimum deposit for this account type is $30, and the maximum leverage is 1:500. The instruments available for trading include forex, metals, energies, stocks, and indices. The Standard Account has two subtypes: Standard and Standard Cent. The Standard Cent account has a minimum deposit of $30, a minimum lot size of 0.01, and a maximum lot size of 200.
  • Pro Account: The Pro Account is designed for professional traders and offers a range of trading opportunities with optimal leverage, a wide choice of account types, and a large number of trading instruments. The minimum deposit for this account type is $3,000, and the maximum leverage is 1:500. The instruments available for trading include forex, metals, energies, stocks, and indices. The Pro Account has three subtypes: Raw Spread, Zero, and Pro. The Raw Spread account has a minimum deposit of $3,000, a spread from 0.0, and a commission of up to $3.50 on each side per lot. The Zero account has a minimum deposit of $3,000, a low spread from 0.0, and a commission of from $0.2 on each side per lot. The Pro account has a minimum deposit of $3,000, a spread from 0.1, and no commission.
  • ECN Account: The ECN Account is for traders who want to trade directly with liquidity providers and offers tight spreads and fast execution. The minimum deposit for this account type is $30, and the maximum leverage is 1:500. The instruments available for trading include forex, metals, energies, stocks, and indices.

Funding

GTCFX offers various funding options for its clients. The minimum deposit for all account types is $30. The available deposit methods include bank transfer, credit/debit cards, e-wallets, AliPay, Skrill, Neteller, FasaPay, CashU, and Perfect Money. There are no fees for depositing and withdrawing funds, and the processing time for deposits is within 30 minutes. GTCFX also offers hassle-free deposits and withdrawals. To deposit funds, clients can follow the instructions provided on the GTCFX website or watch the tutorial videos available on their YouTube channel.

Conclusion

In conclusion, GTCFX presents a wide array of trading opportunities with an impressive selection of platforms and instruments, including forex, metals, energies, stocks, and indices. The broker provides multiple trading platforms, including cTrader, MetaTrader4, and MetaTrader5, which are available in desktop, mobile, or web versions. GTCFX also offers various trading tools to its clients, including over 80 built-in indicators, Market Depth data, and Expert Advisors. GTCFX asserts regulation by authorities such as the Securities and Commodities Authority (SCA) in the UAE, the Vanuatu Financial Services Commission (VFSC), and registration with the FSC in the Mauritius. However, it’s worth noting that while GTCFX offers strong features, there are other brokers with longer track records that might be worth considering as alternative options. For additional choices, we encourage you to explore our trading broker reviews.

GTCFX Logo

$30

GTCFX is an offshore-based forex broker that offers a wide range of trading instruments, including forex, metals, energies, stocks, and indices. The broker provides multiple trading platforms, including cTrader, MetaTrader4, and MetaTrader5. GTCFX offers hassle-free deposits and withdrawals with no fees.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


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