Think of trading on fxglobalcapitals.com platform? Is this broker a reliable broker to trust? You seem to be uncertain about the broker let’s read FXGC reviews to know about this forex broker whether to use or not.
This content promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
About FXGC FX
FXGC FX otherwise known as fxglobalcapitals.com is an offshore brokerage operated by FX Global Capitals Ltd with a lot of promises for forex traders. The forex company has its office addresses in Mahe, Seychelles
The broker offers different account types such as —-
Further, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices. Also, it presents a zero spread difference in Buy/Sell.
FXGC FX Minimum Deposit?
FXGC FX deposit is indicated $100 based on the account type. In comparison, a licensed FX broker clearly spells out its regulation and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
As for the funding methods, the broker claims to accept deposit via Bitcoin, Ethereum and USD Tether, Skrill and Bank wire transfer.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
FXGC withdrawal says nothing on specific information regarding withdrawal fee and processing days on withdrawal request. The broker provides no clear description on trade requirements that must be met before a withdrawal.
FXGC openly presents the industry-standard trading platform MetaTrader 5 (MT5). But the links to download the software are not active.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
FXGC leverage can get up to 1:1000. Honestly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
What We Discovered about fxglobalcapitals.com Broker
First of, FXGC claims its address to be in Seychelles. This is an offshore area where there are not any significant regulations on the activities of forex brokers. That in itself is reason to be suspicious of FXGC.
But Fx Global Capitals Ltd is not actually listed among the companies registered with the Seychelles Financial Services Authority. We found no evidence that this legal entity actually exists.
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are drawbacks for forex traders/ clients to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
FXGC Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
FXGC FX located at fxglobalcapitals.com claims to appear like a trustworthy trading broker, however, that cannot be trusted. By all appearances, we would advise traders to steer clear from this broker as it likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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