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Regulated

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Gtcfx

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United Arab Emirates

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2012 (13 Years)


Safe

3.30/5

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Security Information

5.00

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Verification on TrustFinance

5.00

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Traffic & Engagement

2.67

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3.25

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Security Information

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ASIC

Regulated

Licenses No: 496371

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FSC

Regulated

Licenses No: GB22200292

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VFSC

Regulated

Licenses No: 40354

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What are the differences in regulations for each ?

Gtcfx - Pros and Cons

Pros

  • Leverage up to 1:2000

  • There is a CopyTrade system.

Cons

  • There is no information about promotions and bonuses.

  • Not yet available in some countries.

  • Lack of explanation of deposit and withdrawal fees for each channel

  • Lack of explanation of minimum deposit/withdrawal

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Company Information

Get to know Gtcfx

GTCFX is a forex broker offering low spreads, fast execution, and secure trading environments. They provide traders with access to various financial instruments, including forex, commodities, and indices, aiming to deliver a seamless trading experience.

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Industry

  • Forex Retail BrokerPRIMARY

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News

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TrustFinance Intelligence Agency

Research date: May 14, 2025

GTCFX has joined the Financial Commission, providing its traders with up to €20,000 in claim protection through the Commission's Compensation Fund. This membership enhances GTCFX's commitment to high standards in customer service and dispute resolution. GTCFX is an online trading platform serving over 985,000 clients globally, offering various financial instruments. The Financial Commission aims to simplify dispute resolution between traders and brokers, supported by a diverse Dispute Resolution Committee.

GTCFX has joined the Financial Commission, providing its traders with up to €20,000 in claim protection through the Commission's Compensation Fund. This membership enhances GTCFX's commitment to high standards in customer service and dispute resolution. GTCFX is an online trading platform serving over 985,000 clients globally, offering various financial instruments. The Financial Commission aims to simplify dispute resolution between traders and brokers, supported by a diverse Dispute Resolution Committee.

GTCFX has announced the opening of a new office in Thailand as part of its expansion into the Asian market. The firm has appointed Mei Nongbua as the Country Manager to oversee operations. This marks GTCFX's 16th global location, and the company expressed excitement about its growth in the region. Nongbua has significant experience in the fintech sector, having previously worked with NAGA and other companies. The Thai market is becoming increasingly attractive for trading companies, especially with the country's developing cryptocurrency regulations. GTCFX operates in 17 jurisdictions and holds various licenses, including those from ASIC, SCA, and FSC. Additionally, GTCFX has recently appointed Sarah Hall as the General Manager for its new office in Cyprus and formed a partnership with Acuity Trading to enhance client trading experiences.

GTCFX has announced the opening of a new office in Thailand as part of its expansion into the Asian market. The firm has appointed Mei Nongbua as the Country Manager to oversee operations. This marks GTCFX's 16th global location, and the company expressed excitement about its growth in the region. Nongbua has significant experience in the fintech sector, having previously worked with NAGA and other companies. The Thai market is becoming increasingly attractive for trading companies, especially with the country's developing cryptocurrency regulations. GTCFX operates in 17 jurisdictions and holds various licenses, including those from ASIC, SCA, and FSC. Additionally, GTCFX has recently appointed Sarah Hall as the General Manager for its new office in Cyprus and formed a partnership with Acuity Trading to enhance client trading experiences.

Elian Daoud has left his position as COO at GTCFX, a Dubai-based retail FX and CFDs broker. He joined GTCFX in 2023 after working at Axi for seven years. GTC Group operates several trading brands and is led by Managing Partner Jack Zheng.

Elian Daoud has left his position as COO at GTCFX, a Dubai-based retail FX and CFDs broker. He joined GTCFX in 2023 after working at Axi for seven years. GTC Group operates several trading brands and is led by Managing Partner Jack Zheng.

GTC Forex (GTCFX) has announced a strategic partnership with Acuity Trading to enhance its market research capabilities. The collaboration will integrate Acuity's proprietary tools, AnalysisIQ and AssetIQ, into GTCFX's offerings, providing traders with improved access to market data, analysis, and technical indicators. This partnership aims to empower traders to make more informed decisions and increase their confidence in trading performance. Acuity Trading's CEO highlighted the shared values of both companies in delivering excellent customer service and innovative tools. GTCFX has been recognized for its user-friendly platform and commitment to customer satisfaction.

GTC Forex (GTCFX) has announced a strategic partnership with Acuity Trading to enhance its market research capabilities. The collaboration will integrate Acuity's proprietary tools, AnalysisIQ and AssetIQ, into GTCFX's offerings, providing traders with improved access to market data, analysis, and technical indicators. This partnership aims to empower traders to make more informed decisions and increase their confidence in trading performance. Acuity Trading's CEO highlighted the shared values of both companies in delivering excellent customer service and innovative tools. GTCFX has been recognized for its user-friendly platform and commitment to customer satisfaction.

GTCFX, a UAE-based retail FX and CFDs brokerage, has partnered with Optimove to enhance its CRM marketing strategy. This collaboration aims to improve customer relationships through personalized marketing, leveraging real-time and predictive data. GTCFX seeks to differentiate itself in the competitive foreign exchange market by offering tailored experiences, increasing customer loyalty, and enhancing retention rates. The partnership will also provide GTCFX with capabilities for better customer insights and marketing attribution, ultimately allowing them to place customer needs at the forefront of their strategy.

GTCFX, a UAE-based retail FX and CFDs brokerage, has partnered with Optimove to enhance its CRM marketing strategy. This collaboration aims to improve customer relationships through personalized marketing, leveraging real-time and predictive data. GTCFX seeks to differentiate itself in the competitive foreign exchange market by offering tailored experiences, increasing customer loyalty, and enhancing retention rates. The partnership will also provide GTCFX with capabilities for better customer insights and marketing attribution, ultimately allowing them to place customer needs at the forefront of their strategy.

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Highlight Review

Review Analytic

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yvonne

yvonne

Direct review

Excellent

Overall Thought

GTCFX has consistently delivered a solid trading experience, and there are several things I genuinely appreciate about the broker. One of the biggest advantages is their tight spreads, which help keep trading costs low and make it easier to manage risk and maximize returns. For anyone who trades regularly, that cost-efficiency makes a big difference over time. The platform itself is reliable and user-friendly, with smooth execution and no noticeable lags or glitches. Whether I’m entering or exiting a trade, everything works as expected, even during high-volatility periods. That level of stability gives me confidence when I’m trading the markets.

Apr 17, 2025
EO Carlos`

EO Carlos`

Direct review

Bad

Overall Thought

After I deposited 10k USD and withdrew 2k test, I deposited another 250k, at that time they deleted my MT5 account 5606974 and today they stopped me from logging in to the client portal. They said they needed to verify even though I uploaded the statement many weeks ago. They kept asking for old documents like extending time and did not deal with me. They refuse to give me a timeframe to solve my problem

Apr 8, 2025
Deonna Washington

Deonna Washington

Direct review

Excellent

Overall Thought

Trading with GTCFX has been a breeze. Their tight spreads are an obvious highlight, allowing me to make the most out of every trade. The platform runs smoothly with zero execution issues, which is crucial for a seamless experience. Their customer support is exceptional, always available and ready to resolve any issues. With GTCFX, I’ve had a fantastic overall experience, and I wouldn’t hesitate to recommend them to anyone looking for a reliable platform.

Apr 7, 2025
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Reviews

| Total 79

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AI Review analysis

Let’s TrustFinance AI Summarize all the reviews for you.

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5 Star

76%

4 Star

21%

3 Star

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2 Star

1%

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Direct review Dot icon16 May

Overall Thought

Great

Trading with GTCFX has been efficient and cost-effective. The spreads are narrow, the execution is fast, and their support team has always been available when I needed help.

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Direct review Dot icon16 May

Overall Thought

Excellent

From my experience, GTCFX offers a professional-grade platform with fast execution and tight spreads. Customer service is helpful and generally quick to assist when needed.

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Direct review Dot icon8 May

Overall Thought

Great

I appreciate the consistency GTCFX offers. Tight spreads and a stable platform help me focus on trading, and their support team is always ready to resolve questions quickly.

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Direct review Dot icon7 May

Overall Thought

Excellent

I've had a consistently smooth trading experience with GTCFX. Their tight spreads and reliable platform make it easy to trade efficiently, and customer support is quick to respond when needed.

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Direct review Dot icon3 May

Overall Thought

Great

I've found GTCFX to be incredibly dependable for trading—tight spreads, a rock-solid platform, and fast execution every time. Their customer support team is quick to respond and always helpful. 2.

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Summarization

GTC FX Review: Is GTC FX Broker Good?

Broker overview and general information

GTC FX is a globally recognized and regulated broker founded in 2012, focusing on providing financial derivatives services to over 985,000 clients in over 100 countries. Using cutting-edge technology and high service standards, the broker excels in providing a wide range of online trading products with a focus on innovation and compliance with financial regulations.

Broker Licensing and Regulation

If you ask whether GTCFX is good or not, you must first consider the license factor. The broker has the following licenses:

  • Vanuatu Financial Services Commission (VFSC), Republic of Vanuatu, License No. 40354 under GTC GLOBAL TRADE CAPITAL CO. LIMITED.

  • Mauritius' Financial Services Commission (FSC) License No. GB22200292 under GTC GLOBAL LTD.

  • Securities and Commodities Authority (SCA), United Arab Emirates, License No. 20200000007 under GTC MULTI TRADING DMCC Company.

  • Australian Securities & Investments Commission (ASIC), Australia, License No. 496371 under Gtc Global Pty ltd.


⚠️WARNING: For SCA license, it only covers activities that occur under https://www.gtcmtd.com


Products and services

Trading products

Brokers offer a wide range of investment products to suit all needs, covering Forex, metals, stocks, commodities, indices and energies.

  • Trade Forex: Trade Forex on a variety of popular currency pairs, Major, Minor and Exotic, with the advantage of having a narrow spread starting at 0.0 Pips and being able to increase Leverage up to 1:2000, allowing investors to make hundreds of thousands or millions in profits.

  • Metals: You can trade a variety of metals, whether it's the XAGUSD pair or gold like XAUUSD. You can trade and make profits in the highly volatile metal market.

  • Indices: Trade global indices in the most popular indices worldwide such as S&P 500, NASDAQ, NIKKEI 225, etc.

  • Commodities: Allows investors to choose to invest in many types of commodities that are in high demand in the market, and there are many types to choose from, helping investors' portfolios to be flexible, which is a good way to spread investment risk.

  • Stocks: Trade world-famous stocks in all types of businesses, whether it's the technology market like Apple INC (AAPL), Amazon INC (AMZN), the automotive business like TESLA (TSLA), or the entertainment business like NETFLIX INC (NFLX).

  • Energy: Trade a wide range of energies, especially high-value ones like oil. Trade CFDs to profit from market analysis and oil price readings.

Trading Platform

Brokers support investment through 2 main platforms: MT4 (MetaTrader 4) and MT5 (MetaTrader 5).

  1. MT4:MetaTrader 4It is a trading platform suitable for beginners. It is easy to use. There are many Indicators tools that will help you trade efficiently. It is not complicated. It can be used via PC, Mac and Mobile (iOS, Android).

  2. MT5:MetaTrader 5It is a trading platform that has been further developed from MT4 to be more detailed. It is suitable for investors with a certain level of expertise. However, if you are proficient in using MT5 with a variety of tools that are more detailed, it will help you trade more efficiently.


GTCFX Review: Account Types  

Brokers divide their trader accounts into three types: Standard Account, Pro Account and ECN Account.

Standard Account

  • Minimum deposit $0

  • Leverage  Maximum 1:2000

  • Average spread 1.4 Pips

  • Commission 0$

  • Direct access to leading banks

  • Access 7 markets with over 27,000 trading instruments.

  • Prevent negative balance

  • There are no trading restrictions.

Pro Account

  • Minimum deposit $50

  • Leverage  Maximum 1:2000

  • Average spread 0.9 Pips

  • Commission 0$

  • Direct access to leading banks

  • Access 7 markets with over 27,000 trading instruments.

  • Prevent negative balance

  • There are no trading restrictions.

  • 80+ technical analysis tools

ECN Account

  • Minimum deposit $3,000

  • Leverage  Maximum 1:500

  • Spread 0.0 Pips

  • Commission starts at $5/lot

  • Direct access to leading banks

  • Access 7 markets with over 27,000 trading instruments.

  • Prevent negative balance

  • There are no trading restrictions.

  • #1 Liquidity with ECN Technology

  • Market analysis assistant

  • Trading tools to view trading signals for free


Deposit and Withdrawal

Deposit

Deposit channels Third party payments are not allowed. Users must use a bank account or card in the same name as registered. Deposits can be made via bank accounts, payment systems, credit/debit cards. In the case of new customers or those who want to use a new card, they must go through the "Whitelisting" process. PSP does not charge a deposit fee from the company, but banks or e-wallets may charge a fee. The deposit period will appear in the system within 48 hours.

Withdrawal

For withdrawals, users must have sufficient margin in their account to cover the withdrawal. Withdrawals cannot be made in excess of the amount deposited via credit card. In the event of profits or if the card has expired, withdrawals will only be made via the registered bank account. The processing time is 24 hours for e-wallets and 3-5 business days for bank transfers. Additional fees may be charged by the recipient's bank.


Support and Customer Service

For foreign investors or Thai investors who want to invest, you can contact customer service 24 hours a day through this channel.

  • E-mail:support@gtcfx.com

  • Website:https://gtcfx.com/

  • Facebook:https://www.facebook.com/gtcfxofficial

  • Supported languages:Total 21 languages


Broker Review Overview Summary

GTCFX has some interesting advantages, such as offering a wide range of account types, including PAMM accounts. However, the broker also has quite a few disadvantages, and they are quite significant. Many users have reported problems with unauthorized trades, resulting in huge losses of funds. Withdrawals have also been heavily criticized, with withdrawals being canceled or rejected without any clear reason. There are also concerns about the lack of transparency in operations, and many users have raised concerns about the reliability of the license from the UAE's SCA authority.


Frequently Asked Questions about GTCFX

  1. What platforms can I use to trade Forex?

A: You can trade via MetaTrader 4 (MT4), MetaTrader 5 (MT5) platforms.


  1. What assets are available for trading?

A: There are a wide range of assets to trade, covering Forex, Metals, Stocks, Commodities, Indices and Energies.


  1. What is the maximum leverage?

A: Standard and Pro accounts can trade up to 1:2000, while ECN accounts can trade up to 1:500.


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GTC FX Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide on the broker that suits your needs.


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