Question 1

Is GTCFX a regulated broker?

FXScope Intelligence Lab · Accepted Answer

Yes, GTCFX operates under strict regulatory oversight. The company GTC (Global Trade Capital Limited) is registered under the Vanuatu Financial Services Commission under registration number 40354. Additionally, GTC Global SA (Pty) Ltd is incorporated in South Africa (Company Number: 2020/810937/07) and licensed by the Financial Sector Conduct Authority of South Africa (FSP No. 51545) to operate as an Intermediary. GTCFX is part of the GTC Financial Group, which operates a network of regulated entities across the globe. The broker also maintains an insurance policy with the Financial Commission offering protection for clients' funds up to €20,000.

Question 2

What are GTCFX's trading costs and fees?

FXScope Intelligence Lab · Accepted Answer

GTCFX offers competitive trading costs with tight spreads starting from 0 pips on FX and 5 cents on Gold. The broker provides leverage up to 1:2000 with minimal margin requirements starting from 0.1%. For withdrawals, the company charges fees that don't cover third-party fees, meaning clients are responsible for any fees assessed by beneficiary or correspondent banks. An inactivity fee of $5 is applied after 6 months of no trading activity and continues monthly until the account becomes active again. Credit card withdrawals are limited to $2,000 per transaction, with no minimum amount specified.

Question 3

How long does GTCFX withdrawal processing take?

FXScope Intelligence Lab · Accepted Answer

GTCFX processes all withdrawal requests within 24 hours of receipt. However, the actual fund availability depends on the withdrawal method chosen: Bank wire transfers typically take 3-5 business days, debit/credit card withdrawals are processed within one business week, and e-wallet withdrawals are completed within 24-48 hours. The broker can only refund funds to the same payment method used for the original deposit, and credit card refunds cannot exceed the initial deposit amount. If profits need to be withdrawn beyond the original deposit amount, alternative payment gateways like wire transfer or e-wallets will be used.

Question 4

What trading platforms does GTCFX offer?

FXScope Intelligence Lab · Accepted Answer

GTCFX provides access to the industry-standard MetaTrader platforms: MT4 (MetaTrader 4) and MT5 (MetaTrader 5). These platforms are available for download and offer advanced trading tools, charting capabilities, and automated trading options through Expert Advisors (EAs). The broker's trading infrastructure is designed for ultra-fast execution with speeds of just 10ms, providing traders with quick order processing and minimal slippage. The platforms support trading across all available instruments and are integrated with the broker's deep liquidity network.

Question 5

What trading instruments are available on GTCFX?

FXScope Intelligence Lab · Accepted Answer

GTCFX offers an extensive range of over 27,000 trading instruments across 8 different markets. This includes Forex CFDs with 200+ currency pairs, Equity Indices CFDs, Metals CFDs (including gold and silver), Commodities CFDs, and Energies CFDs. The broker provides deep liquidity access to all these markets with competitive pricing and reliable execution. The broad instrument selection allows traders to diversify their portfolios and access various global markets from a single trading account, making it suitable for both retail and institutional traders with different investment strategies.

Question 6

Is GTCFX beginner-friendly?

FXScope Intelligence Lab · Accepted Answer

GTCFX appears to offer several features that could benefit beginner traders, including access to educational resources and user-friendly MetaTrader platforms. The broker provides educational tools through services like Autochartist and Expert Analysis, which can help new traders identify trading opportunities. Customer support is available 24/7 via phone (+971 800 667788) and email (support@gtcfx.com), ensuring assistance when needed. Additionally, the availability of demo accounts allows beginners to practice trading without risking real money. However, trading CFDs and forex involves significant risk, and the high leverage available (up to 1:2000) could be particularly risky for inexperienced traders, so proper education and risk management are essential.

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