GTC FX trading platform offers multiple trading products. It provides various account types and trading platforms that cater to traders with different needs and goals.
This GTC FX review discusses the key features including customer support, security, transactions, and more. Lastly, we will be able to identify the GTC FX scam.
General Information & Regulation
| Aspect | Information |
|---|---|
| Registered Country/Area | United Kingdom |
| Founded Year | 10-15 years |
| Company Name | GTC FX |
| Regulation | FCA, ASIC, SCA, VFSA |
| Demo Account | Available |
| Minimum Deposit | Starting from $50 |
|
Maximum Leverage |
Up to 1:2000 |
|
Spreads |
Variable Spreads starting from 0.0 pips |
|
Trading Platforms |
MetaTrader 4 and MetaTrader 5 |
| Customer Support |
Live Chat, Email, and Calls |
GTC FX is a regulated broker that is overlooked by financial authorities. The platform offers a flexible trading atmosphere that reduces risks. As a regulated broker, the platform offers seamless trading and strong security measures.
Market Instruments of GTC FX
GTC FX trading platform provides a variety of market instruments, enabling traders to diversify across multiple asset classes. Available instruments include:
Forex
Traders can invest in majors, minors, and exotic FX currency pairs.
Commodities
Invest in gold and silver, oils, and other raw materials.
Indices
Invest in popular global indices and understand the market movement.
Cryptocurrencies
Traders can invest in digital currencies from around the globe.
Account Types Offered by GTC FX
GTC FX provides multiple account types tailored for various levels of traders:
Standard Account
These are ideal for beginners, with higher spreads and lower minimum deposit requirements.
Pro Account
The pro accounts are aimed at intermediate traders, with better spreads than the standard account.
ECN Account
ECN accounts provide the tightest spreads and dedicated support, catering to seasoned traders.
Demo Account
These accounts are ideal for practicing and refining trading skills without risking real funds.
Leverage
GTC FX forex broker offers high-leverage options, which attract traders to maximize their trading potential. High leverage can increase profits, but it also increases the chances for higher losses.
- The Standard and Pro Accounts offer leverage up to 1:2000.
- The ECN accounts offer 1:500 leverage.
Spreads & Commissions
GTC FX provides variable spreads, with competitive options for each account type:
Standard Account
Spreads for standard accounts are high starting from 1.4 pips.
Pro Account
Spreads for pro accounts are comparatively low starting from 0.9 pips.
ECN Account
Spreads from 0.0 pips, the most competitive option.
In terms of commissions, GTC FX is generally commission-free, with trading costs covered by the spreads. However, transparency on all fees and trading conditions could be improved, as fee structures are often a decisive factor for traders.
Trading Platform available on GTC Fx
GTC FX offers trading through MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Key features of these platforms include:
- User-friendly Interface
- Advanced Charting Tools
- Automated Trading via Expert Advisors
- Technical Indicators
- Additional Timeframes
