Overview
Gcbtc is an online broker that offers forex and cryptocurrency trading services. The company claims to be located in Cyprus and their website is https://gcbtc.co/. However, there are some red flags that suggest the company might not be as legitimate as they claim to be.Is gcbtc Regulated?
No, gcbtc is not regulated by any financial regulatory authority. This is a major red flag because regulated brokers are required to follow certain rules and regulations that are designed to protect investors. Unregulated brokers have more freedom to engage in fraudulent activities without facing any legal consequences.Warnings from Financial Regulators:
Several financial regulatory authorities have issued warnings against gcbtc. For instance, the Australian Securities and Investments Commission (ASIC) issued a warning to investors about the company’s unlicensed activities. The Financial Conduct Authority (FCA) in the UK also issued a similar warning against gcbtc.
What Currency Pairs Do They Offer?
Gcbtc offers a wide range of currency pairs, including major ones such as EUR/USD, GBP/USD, and USD/JPY. They also offer cryptocurrency trading, including Bitcoin, Ethereum, and Litecoin.
Customer Support:
One of the major drawbacks of gcbtc is its poor customer support. The company does not have a live chat feature, which makes it difficult to get a quick response to any queries or concerns. They also do not have a phone number that customers can call, which can be very frustrating for those who need to speak with someone urgently.
Trading Platform:
Gcbtc uses a custom trading platform that is web-based. The platform is easy to use and has a user-friendly interface. However, there are some concerns about the platform’s reliability. Some traders have reported experiencing frequent crashes and slow loading times.
What Do Traders Think About gcbtc?
The online reviews about gcbtc are mostly negative. Traders who have used their services report poor customer support, slow withdrawal times, and fraudulent activities. Some traders have reported losing their entire investment due to the company’s fraudulent activities.
What To Do If You Get Scammed?
If you believe you have been scammed by gcbtc or any other trading platform, the first step is to try and get your money back. You can do this by contacting your bank or credit card company and reporting the fraud. You should also report the incident to the financial regulatory authority in your country.
If you need to faster response and that is necessary, you can contact us. You can submit your case through our online form and we will evaluate your case. We will then provide you with free consultations and service recommendations to help you in recovering the lost fund.
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Final Thought:
In conclusion, the gcbtc scam broker review shows that the company is not to be trusted. They are not regulated by any financial regulatory authority and have been flagged by several regulators as engaging in unlicensed activities. Their customer support is poor, and their platform is not reliable. Traders who have used their services have reported losing their entire investment due to fraudulent activities. Therefore, it is advisable to stay away from gcbtc and look for a reliable and regulated broker for your trading activities.
