GCB London Review: Can You Trust GCBLondonLTD.Com?
Is this another trading scam or not? GCB London broker claims to be a firm that comprehends what you desire and tries its best to fulfill your needs in trading. You may think that their site is legitimate as the design looks quite good, and they offer some sort of basic trading venue.
Nonetheless, you will see that this is just another risky unlicensed broker trying to rob you of your money. This GCB London review will reveal more useful information. Keep reading for more!
|Company||GCB LONDON LTD|
|Address||15 St Botolph St, London EC3A 7BB, UK|
|Leverage||up to 1:500|
|Bonuses||50% & 70%|
GCB London License and Fund Security
GCB London is assumed to be a UK broker that is conscious of the extent of compliance with regulations, laws, and operational standards. It is allegedly committed to operating investment activities within the licensed framework of relevant regulations and adhering to them in a disciplined and reliable manner. This is all a fake proclamation.
GCB London has not provided any license numbers or any other evidence that they are operating under the control of a certain financial body. When we reviewed the database of the FCA, the UK economic regulator, we came across the scam warning.
It is advisable that you find FX brokers authorized in the EU or the United Kingdom. When brokers fail to comply with all legal needs and fail to report regularly to authorities, they risk losing their licenses.
GCB London Trading Platform Overview
GCB London delivers a basic web-based trading platform. Such venues are not necessarily poor since they are effortless to navigate. However, they are certainly not anything remarkable either. Do you want a mind-blowing trading experience?
If you want numerous indicators, chart types, trading possibilities, and added functionality, look at prevalent platforms like MetaTrader 4 or MetaTrader 5.
GCB London Account Types
It’s time to evaluate their account types. They offer 5 account types with different minimum deposit amounts. Let’s take a look at them below!
- Beginner – €100
- Silver – €2500
- Investor – €20000
- Premium – €100000
- Gold – €200000
As this is a big scam, it is all for nothing. You won’t get any benefits from any of these account types.
GCB London Offers Bonuses based on Account Type
We already know that the broker offers 5 different account types. This is a fact. Now, it’s time to discuss the offered bonuses for each one. The first three account types (Beginner, Silver, and Investor) do not include any bonuses.
However, there is a 50% bonus for the Premium account as well as a 70% bonus for the Gold account. Ultimately, none of these are worth your time.
Procedure for Deposits and Withdrawals
GCB London declares that it presents the subsequent deposit options – cards, QIWI, and crypto assets. Bank transfers were also a viable option in regard to withdrawal. That is quite uncommon since brokers are often obligated by law to transfer funds back the same way they have received them.
Nevertheless, when you try to deposit with GCB London, you will get a message that the page is no longer available. This error indicates that depositing with a broker is not possible at the moment.
But, if you somehow managed to transfer any money, ask for a chargeback as fast as you can. Chargebacks are possible within 540 days of the transfer. If you used crypto, getting your money back will be much more difficult, yet not impossible.
How Is the Con Carried Out?
Forex trading can lead to a great deal of loss of money. Always be vigilant, especially if you are a novice. Do proper research before you decide to open an account with any broker. Even qualified investors who use the services of reputable brokers do this.
Often, novice traders can be misled by many false websites presenting themselves as true brokers. Thieves will lure you with many phony promises of easy profits. Keep away from easy profits and use only regulated brokers.
Fraudsters often promise enormous profits for a small investment. They will prompt you to invest even more money. In addition, after you deposit, all your investments will be wiped out.
You won’t even make a dollar from the apparent profits. It will become hopeless to reach the minimum withdrawal amount. Scammers hide behind suspicious names and locations. This suggests that you won’t be able to track or hold them accountable.
GCB London Summary
As you can see in this GCB London review, this broker is not certified. This goes without saying! They show a fake address on their site. Moreover, they have many unsatisfactory reviews and withdrawal issues.
Rather than rubbing out your time here, stick to the legit brokers. You will save your time as well as your finances.
FAQs About GCB London Broker
Is GCB London Good for Beginners?
No. There is nothing good about this big broker scam. Also, the broker has a warning against it.
Is Depositing with GCB London Safe and Secure?
This is not a secure or trustworthy broker. Do not invest your money here as you will regret it!
How Long will it Take to Process my Withdrawal Request?
It can take forever. Why? Well, this is a broker fraud and clients cannot get their funds.