GGCCFX Review – Poor Security Features Explained

Offshore firms are generally untrusted primarily due to the anonymous nature of their registration. Events like Wikileaks can help authorities expose most of the suspicious companies there. Meanwhile, users will have to learn how to deal with these firms.

Therefore, in this honest GGCCFX review, you can find all the clues you need for safe trading. Don’t miss a bit if you want your invested funds to be safe and protected.

Legal Info: Is GGCCFX Legit?

If you look at the company’s presentation, trading software, and reviews, you might think they are absolutely legit. However, this firm operated by Global Gold and Currency Corporation is not regulated by any top-tier authority—not even the ones in the quite popular United Arab Emirates. With this in mind, the company’s security features might be speculative.

All in all, the only security with this brokerage is liquidity provided by Tier 1 banks and segregated bank accounts for users’ deposits. Of course, without adequate licenses, these features are very questionable. So, be careful with it, or simply choose an FCA, BaFin, or ASIC-regulated firm for maximum protection.

Who Are GGCCFX’s Victims?

In most cases, unregulated brokers operate in countries with a high percentage of wealthy people. Consequently, they have a higher chance of catching someone to support their business. In the case of this trading firm, key priorities are: 

• United Arab Emirates
• Malaysia

To make everything worse, these countries’ authorities never issued licenses to this broker. So, if you want to find out how traders end up trading with similar firms, check our Tradstack or Equity CFDS reviews. All in all, if you have a hard time withdrawing funds from any of these, contact us for assistance.

Traders Reviews

Considering the company’s registration in 2023, we are surprised there are only a few GGCCFX reviews available. Fairly, the three comments on Trustpilot can’t give you enough clues about the company’s activities. Still, it’s worth checking.

Thus, with missing regulations, you can’t expect it to be like that for long. In any case, if you ever experience any irregularity with this trading firm, reach out to us for a refund consultation.

Leverage, Commissions, Spreads, Fees and Taxes

One of the leading issues with the GGCCFX broker is its leverage of up to 1:500. Due to regulatory restrictions, such conditions are not allowed with top-tier licensed firms. To be fair, those restrictions don’t exist without a reason.

In addition to that, in the beginning, traders can expect hefty spreads starting from 2.5 pips. Of course, these are floating, so you can expect a lot of variations. Even though the commissions are set to $0 for most accounts, a few accounts also include undisclosed swap rates.

Bonuses

If you sign up with GGCCFX trading firm right now, you will get a 15% welcome bonus. However, detailed conditions and withdrawal policies are not revealed.

GGCCFX Trading Features

One of the key features of this broker is the “no dealing desk,” which gives you straightforward quotes. Also, with the platform offered, traders can use EAs and hedging to take advantage of the market. Thus, all the abovementioned options become meaningless if you can’t withdraw your money.

Trading Platforms Available

According to the company’s presentation, they offer the highly popular MetaTrader 5. It allows users to use real market data, place and manage orders, and use a wide range of advanced trading tools. 

In any case, web terminal and download options are available in all GGCCFX account types. Thus, it’s sad the company doesn’t have any licenses to make this platform worth it.

Available Trading Assets

Tradeable instruments can play a big role in a trader’s decision to choose a broker. But keep in mind security plays a much bigger role. With this in mind, we present you the offer of GGCCFX trading firm that consists of:

• Forex – USD/GBP, EUR/CHF
• Indices – FTSE100, ASX200
• Cryptos – ETH, DOGE
• Commodities – natural gas, copper
• Shares – IBM, AMD
• Futures                    

Account Types

The only benefit provided through the account types with this broker comes with lower spreads and higher leverage. On the positive side, once you complete the GGCCFX login process, you can opt for a micro account first. 

In any case, all options are: 

• Micro Voyager – $10
• Standard Strategist – $500
• Market Master – $2.000
• Foresight Finder – $5.000

Mobile Trading App

As can be seen, mobile apps are available for download on the company’s website. Luckily, links guide to trusted stores for iOS and Android devices. However, traders should keep in mind that mobile versions don’t include all the features that desktop one does.

Demo Account

Quite surprisingly, even with MT5 availability, there’s no demo account in the offer. Usually, top-tier firms that offer this platform have it included completely free. 

However, in the defense of this broker, they have low minimum deposit requirements. Thus, the security remains questionable.

Education

Considering GGCCFX Trustpilot reviews, you might think the company has everything for one trader. But the reality is a bit different. Even though amazing trading tools are available, they are worthless if traders don’t know how to use them. Sadly, educational programs are not available at this firm.

GGCCFX Withdrawal

With quite a poor GGCCFX withdrawal policy, it’s hard to clarify how withdrawals are processed. The most concerning detail is hidden withdrawal fees, which can cost you quite a lot.

But don’t forget that the processing time has not been revealed, so you can expect a lot of delays in the whole process. In general, nothing the company claims, even its payment methods, can be trusted without adequate regulations.

Customer Support

With all the contact options and 24/7 availability, traders should have a comfortable experience with this broker. Especially since they offer a phone line and live chat options. Thus, with unregulated brokers, you never know whether that will change.

Key Information To Consider About GGCCFX?

The positive aspect of trading with this brokerage is the MT5 availability. But to be fair, that’s the only one. On the contrary, the company operates without regulations, with high spreads and leverage and unclear commissions and fees, not to mention unclear withdrawal procedures and withdrawal fees.

With all these downsides in mind, it’s clear traders can experience issues. However, if that happens, you can always reach out to our refund specialists and have a free first consultation. We are there for you whether you need CipherTrace to track crypto or chargeback assistance. Get in touch right away if you have any questions.

FAQ Section