Is GCG Asia Scam or Legit Broker?

GCG Asia is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, was never monitored in terms of its safety, and simply may operate the business in any way it wishes.

About GCG Asia
🗺️ Registered inNo Registration
🗺️ Type of LicenseNo License
🛡️ Is GCG Asia safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

What is GCG Asia?

Guardian Capital AG (GCG) claims to be a leading provider of online foreign exchange (FX) trading, CFD trading, and related services. According to the website, GCG is an authorized and regulated broker under close supervision by FINMA. We didn’t find this broker among the FINMA-regulated entities, however, we actually found it in the regulator’s warning list.

  • Thus, it is not safe to trade with GCG Asia. It is owned and operated by Guardian Capital AG and claims to be located in Zurich, Switzerland. Yet, it does not hold a license from the local authority. 
  • Swiss regulator has issued a warning against GCG Asia in March 2019. This is probably the biggest red flag.
  • Also, Swiss Bank Dukascopy warned against GCG Asia. In the announcement, Dukascopy Bank cautioned that neither it nor any entities of Dukascopy Group have relations with GCG Asia, although the latter fraudulently claims the opposite:

    “GCG Asia is fraudulently using Dukascopy’s name and logo for attracting clients/investors, without Dukascopy Bank’s permission. We are taking action against this dishonest organization. We invite to extreme caution toward such an organization basing its promotion on a lie.”

Is GCG Asia a scam or legit broker?


GCG Asia Review Conclusion

We advise all investors and traders to avoid GCG Asia and other unregulated brokers. The lack of information about the broker’s regulations, trading conditions, and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as XM and Exness.

GCG Asia Update

Our research revealed that the GCG Asia website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals. 

No news available.

2 responses to “GCG Asia”

  1. They are very bad in paying back. Now they are collecting money for opening a digital accounts with a deposit of UDS1000.

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