GCC Investing Review
Reason to avoid: No license
Listed Date: July 5, 2018
Reason to avoid: No license
Listed Date: July 5, 2018
🗺️ Registered in | St Vincent & Grenadines |
🗺️ Type of License | Offshore License |
🛡️ Is GCC Investing safe to trade | No |
🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
no, GCC Investing broker is Non-Regulated Broker. It is NOT SAFE to trade.while we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.
GCC Investing is a Forex broker based in Sofia, Bulgaria. Although it is owned by GreenRiver OU in Tallinn, Estonia, but payment processing is done by Mercure Services Ltd, which is based in St Vincent & Grenadines. St Vincent & Grenadines doesn’t have the regulation of Forex activity under its jurisdiction.
They also provide British, German and Bulgarian phone numbers which looks very confusing as the company is not license in Europe. We advise to seal only with the brokers regulated by reliable entities like UK’s FCA, ASIC in Australia and Cysec in Cyprus.
In order to obtain the STP license from UK’s Financial Conduct Authority, the company would need to pay USD 50,000 and also would need to have USD 100,000 of capital for the STP license aside from client deposits.
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