Information about GTC
GTC is a brokerage company that provides services to both individual and institutional clients.
Main Drawbacks
1- Cryptocurrency trading is not available on holidays (Saturdays and Sundays). This may hinder traders who wish to trade throughout the week.
2- Leverage is limited (up to 1:500 or 1:200 depending on the account).
Some Arab traders find the leverage lower compared to some brokers, which may be a negative factor for those seeking higher leverage.
3- It does not provide a free VPS, even for users with large balances. Some brokers do offer free VPS for automated trading. You can check them out here.
4- Limited variety of accounts and deposit/withdrawal options.
5- Some reviews note that the number of account types is small, and the deposit and withdrawal options are not always flexible.
6- It does not provide support in different languages.
Warnings and Serious Issues Reported in Complaints
Complaints of difficulty withdrawing and requests for additional funds.
Several have been monitored. Reports from users in Taiwan, the UK, the UAE, and Egypt indicate that withdrawals were frozen, they were only allowed to withdraw after paying additional fees (such as $1,000–$3,000), and sometimes they were unable to withdraw their entire balances.
GTCFX Current Status
Licenses in Mauritius and Vanuatu (VFSC), unregulated in Dubai despite claiming an SCA license.
Mixed reviews: Serious complaints such as account freezes, difficult withdrawals, and automatic transfers without approval.
Overall rating: Good to Very Poor: You can check it out here, as well as customer reviews.
After careful review, OLX Forex recommends against dealing with this broker due to its poor reputation, frequent problems, and unreliability.
You can check out some trusted brokers here.
Account Types
1- STANDARD Account
Minimum Deposit: $30
Spread: Starting from 1 pip
Commission: Zero
Minimum Trading Size: 0.01 Lot
Maximum Leverage: 1:500
Trading Instruments: Forex, Metals, Cryptocurrencies, Energy Resources, Stocks, and Indices
2- STANDARD CENT
Minimum Initial Deposit: $30
Spread: Starting from 1 pip
Commission: Zero
Minimum Trading Size: 0.01 Lot
Maximum Leverage: 1:500
Trading Instruments: Forex Metals, Cryptocurrencies, Energy Resources, Stocks, and Indices
3- PRO
Minimum Initial Deposit: $3,000
Spread: Starting from 0.00
Commission: 0.02 per direction
Minimum Trading Size: 0.01 Lot
Maximum Leverage: 1:500
Trading Instruments: Forex, Metals, Cryptocurrencies, Energy Resources, Stocks, and Indices
4- RAW SPREAD
Minimum Initial Deposit: $3,000
Spread: Starting from 0.00
Commission: $7
Minimum Trading Size: 0.01 Lot
Maximum Leverage: 1:500
Trading Instruments: Forex, Metals, Cryptocurrencies, Energy Resources, Stocks, and Indices
5- ZERO
Minimum Initial Deposit: $3,000
Spread: Starting from 0.00
Commission: Zero
Minimum Trading Size: 0.01 Lot
Maximum Leverage: 1:500
Trading Instruments: Forex, Metals, Cryptocurrencies, Energy Resources, Stocks, and Indices
GTC Licenses
1- Financial Services Commission of Mauritius (FSCM)
GTC Global LTD is licensed by the Financial Services Commission (FSC) of Mauritius under registration number C188049 as an Investment Broker.
(Full Service Broker, Excluding Underwriting) is a global financial brokerage company registered, supervised, and licensed by the Financial Services Commission of Mauritius under license number GB22200292.
Registered Address: Silicon Street, No. 40, Cyber City, Cyberate Lounge,
Creditia International Management Limited, Ground Floor, The Catalyst, 72201, Epein, Mauritius. Official website: www.gtcfx.com
Types of trading platforms offered by the company:
MT4 – MT5 – CTRADER
Deposit and Withdrawal Methods
1- Visa/MasterCard
2- Crypto Wallet
3- Bank Transfer
Frequently Asked Questions about the company
How can I contact the company? You can contact the company using the following information:
Head Office:
Office 2201, Naseema Tower - Sheikh Zayed Road - Dubai - United Arab Emirates
Email: support@gtcfx.com
Telephone: +971-800667788
