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Score

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/10
The WikiFX Score of this broker is reduced because of too many complaints!

GCG ASIA

China|Scam Brokers|
5-10 years|Regulated in Australia|Suspicious Regulatory License|MT4/5 full license|Regional Brokers|Australia Common Business Registration Revoked|Suspicious Overrun|High potential risk|

https://www.guardiancapitalag.asia/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

GCGAsiaLimited-Demo

Japan
MT4
2

Influence

C

Influence index NO.1

Taiwan 4.64
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
GCGAsiaLimited-Demo MT4
Server Location Japan

Influence

Influence

C

Influence index NO.1

Taiwan 4.64

Surpassed 87.84% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

enquiry@guardiancapitalag.asia
https://www.guardiancapitalag.asia/

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Danger

CH FINMA
2019-03-06

Broker Information

More

Company Name

Guardian Capital AG

Company Abbreviation

GCG ASIA

Platform registered country and region

China

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

This platform is a Ponzi Scheme. Please stay away! 5
Previous Detection : 2024-03-29
  • This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
  • The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.

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Pyramid scheme complaint
Expose
Unable to withdraw

Ask me to pay $1,500 to open an account of digital banking

I deposited in April, 2019 and I can’t withdraw. It’s said that something happened to the boss! I met another leader in September, 2020 and asked me to open an account of digital banking to withdraw! I deposited 50,000! He told me that if I paid $1,500 for an account of digital banking I can withdraw all the money and my account balance was over 600,000 now. It feels fake!

2020-09-16 18:34
Scam

Revelation of GIB’s close connection with GCG

The pyramid scheme by GCG, the former name of GIB, is revealed as follows: 1.GCG, which started its operation at the end of December 2018, began to block investor withdrawals on a large scale from April 2019. 2. Mr. Qiu, head of GCG, was arrested by the Cambodian police in May 2019. Later, a so-called GCG general manager Mr. Zheng launched 5-5 or 6-4 orders, inflicting heavy losses on a large number of members! 3. Before absconding, GCG promised members that the withdrawal problem will be fixed if they invest US$500 to register for the GIB Digital Bank. However, the investors were still unable to withdraw money. The registration fee later increased to US$1,000. 4. GCG rebranded itself to GIB (Global Investment Bank) after it scammed 50% of GCG members’ deposits and plotted to scam the rest in the next three years. 5. Moreover, 90% of the profits in GCG members’ accounts in the past year or so were swindled with the remaining 10% left to continue their scam. 6. Currently, GIB continues to publicize its fraudulent money-raising scheme in the hope of joining the Fortune Global 500 companies!

2020-10-01 21:45

    GCG ASIA · Company Summary

    Aspect Information
    Registered Country/Area China
    Founded Year 2-5 years ago
    Company Name Guardian Capital AG
    Regulation Regulated in Australia (license revoked)
    Minimum Deposit Not disclosed (advised to avoid due to revoked licenses)
    Maximum Leverage 1:100
    Minimum Trade 0.01 lots
    Spreads Low spreads on EUR/USD (0.1 pips)
    Trading Platforms Meta Trader 4 (MT4)
    Tradable Assets Not specified
    Account Types Not specified
    Customer Support Email (enquiry@guardiancapitalag.asia)
    Payment Methods Bank transfers
    Educational Tools Not specified

    Risk Warning

    GCG ASIA is just a Ponzi Scheme, which refers to the use of the “principle of value multiplication”. In the form of rolling or static fund circulation, it uses the money of the next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful.

    By calling on the common person's desire for money, fraudsters on the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist for less than 3 years.

    General Information

    GCG ASIA, a trading name of Guardian Capital AG, is an online broker, the company behind called Guardian Capital AG, with the founding time and actual address not disclosed to all.

    The company's official website is currently down, and it is reported to have engaged in fraudulent practices, such as operating as a Ponzi scheme. The Australia Securities & Investment Commission (ASIC) revoked GCG ASIA's license in 2019, indicating a lack of compliance with regulatory requirements. Additionally, the platform has received numerous complaints from users, including issues with fund withdrawals and suspicions of fraudulent activities. Due to these warnings and risks associated with GCG ASIA, it is strongly advised to avoid this platform.

    The specific market instruments offered by GCG ASIA are not clearly stated or accessible without access to their official website. The leverage offered by GCG ASIA is a maximum of 1:100, allowing clients to control larger positions in the market with a smaller amount of capital. The platform claims to offer low spreads on the EUR/USD currency pair, but given the platform's illegitimate status, the reliability of such claims is questionable. The minimum deposit requirement is undisclosed, but it is highly recommended to avoid engaging with an illegal broker like GCG ASIA due to the associated risks. The platform primarily supports deposit and withdrawal methods through bank transfers, and it claims to provide the Meta Trader 4 (MT4) trading platform.

    Overall, GCG ASIA has a negative reputation, with multiple warnings from regulatory authorities and numerous complaints from users. It is crucial to prioritize the security and protection of funds by choosing regulated and reputable brokers instead.

     basic-info

    Pros and Cons

    GCG ASIA, a brokerage platform also known as Guardian Capital AG, is associated with several significant drawbacks and risks. The platform's fraudulent and scam nature leaves no room for any identified pros. On the other hand, there are several cons that highlight the platform's untrustworthiness. GCG ASIA had its license revoked by ASIC and has been flagged as a scam broker. There are suspicions of the platform being involved in a Ponzi scheme, and its regulatory status is abnormal. Transparency regarding market instruments is lacking, and numerous complaints have been filed against the platform. These factors indicate the need for caution and avoidance when considering GCG ASIA as a brokerage option.

    Pros Cons
    None identified due to its fraudulent and scam nature License revoked by ASIC
    Listed as a scam broker
    Suspicion of being involved in a Ponzi scheme
    Abnormal regulatory status
    Lack of transparency regarding market instruments
    Numerous complaints filed against the platform

    Is GCG ASIA Legit?

    Based on the information provided, GCG ASIA PTY LTD, the licensed institution mentioned, had its license revoked by the Australia Securities & Investment Commission (ASIC). The license was revoked on February 28, 2019. GCG ASIA PTY LTD is listed as a Common Business Registration and was regulated by Australia.

    The information also states that GCG ASIA is a Ponzi scheme, which means it operates by using funds from new investors to pay returns to existing investors. This is a fraudulent practice and is considered a scam. The platform has been listed as an illegal broker and all of its licenses have expired. It has been flagged by WikiFX as a scam broker, and there have been numerous complaints against it in the past three months.

    Furthermore, the regulatory status of GCG ASIA with ASIC is abnormal, indicating that it is not in compliance with regulatory requirements. The broker also exceeds the business scope regulated by ASIC. Given these warnings and risks associated with GCG ASIA, it is advised to stay away from this platform.

    regulation

    Market Instruments

    It appears that the specific market instruments offered by GCG ASIA are not clearly stated or accessible. Without access to their official website, it is challenging to provide detailed information about the range of instruments available for trading on their platform. It is crucial for a brokerage to clearly outline the instruments it offers, including stocks, currencies, commodities, or other financial products, as this information is essential for potential investors to make informed decisions.

    Leverage

    GCG ASIA offers a maximum leverage of 1:100. Leverage refers to the ability to control a larger position in the market with a smaller amount of capital. In the case of GCG ASIA, clients are allowed to trade with leverage of up to 100 times their invested capital.

    Spreads

    GCG ASIA claims to offer low spreads on the currency pair EUR/USD for their standard account type. The typical spread for this pair is stated to be as low as 0.1 pips. Spreads refer to the difference between the buying (ask) price and selling (bid) price of a currency pair, and they represent the cost of trading.

    Minimum Deposit

    The minimum initial deposit requirement is not disclosed. Since GCG ASIA is an illegal broker, traders should stay away from this broker no matter what the initial deposit amount.

    Minimum Trade

    The minimum trade requirement of GCG ASIA is 0.01 lots. A lot is a standardized unit in trading, representing a specific quantity of a financial instrument. In this case, GCG ASIA allows traders to execute trades with a minimum size of 0.01 lots.

    Deposit & Withdrawal

    GCG ASIA, or GuardianCapitalAG.asia, offers a deposit and withdrawal method primarily through bank transfers. This means that users can fund their trading accounts by transferring money from their bank accounts directly to their GCG ASIA account. Bank transfers are a common and widely accepted method for depositing funds into trading platforms, as they provide a secure and reliable way to transfer money. It is important to note that the specific details and processes involved in making deposits and withdrawals through bank transfers may vary, and users should consult the platform's guidelines or contact customer support for precise instructions.

    Trading Platforms

    GCG ASIA claims to provide the Meta Trader 4 (MT4) trading platform, which is a widely recognized and popular trading platform in the industry. MT4 is known for its user-friendly interface and comprehensive features, making it suitable for both novice and experienced traders. It offers a range of trading tools, including advanced charting capabilities, technical indicators, and automated trading options.

    trading-platform
    Pros Cons
    Provides the widely recognized and popular Meta Trader 4 (MT4) trading platform Claims and actual availability of the MT4 platform need verification
    MT4 is known for its user-friendly interface and comprehensive features, suitable for both novice and experienced traders Lack of transparency regarding other available trading platforms
    Offers a range of trading tools, including advanced charting capabilities, technical indicators, and automated trading options Uncertainty regarding the reliability and stability of the platform

    Customer Support

    GCG ASIA provides customer support primarily through email communication. The designated email address for inquiries is enquiry@guardiancapitalag.asia. However, the platform does not disclose additional contact information such as telephone numbers or the company address, which are commonly provided by transparent brokers. This limited mode of contact may raise concerns for customers seeking direct and immediate assistance.

    Reviews

    According to the reviews on WikiFX, GCG ASIA has received numerous negative comments and complaints from users. Some of the common issues raised include being unable to withdraw funds, being scammed and losing money, and encountering difficulties with the digital banking platform associated with GCG ASIA. Many users reported that the platform would request additional investments or upgrades in order to process withdrawals, leading to suspicions of fraudulent activities. There were also claims of GCG ASIA being involved in a pyramid scheme and the revelation of fraudulent practices by the platform's leaders. Overall, the reviews indicate a high level of dissatisfaction and caution regarding GCG ASIA, with users warning others to stay away from the platform.

    reviews

    Conclusion

    In conclusion, GCG ASIA is a platform that has raised several red flags and concerns. The licensed institution associated with GCG ASIA, GCG ASIA PTY LTD, had its license revoked by the Australia Securities & Investment Commission (ASIC). It has been labeled as a Ponzi scheme, operating by using funds from new investors to pay existing investors, which is considered fraudulent. The platform has been listed as an illegal broker, and all of its licenses have expired. Multiple complaints have been filed against GCG ASIA, indicating a lack of trust and satisfaction among users. The regulatory status with ASIC is abnormal, suggesting non-compliance with regulatory requirements. The lack of clarity regarding market instruments and undisclosed minimum deposit requirements further raise concerns. It is strongly advised to avoid engaging with GCG ASIA due to the significant risks associated with this platform.

    FAQs

    Q: Is GCG ASIA a legitimate broker?

    A: No, GCG ASIA is not a legitimate broker. Its license has been revoked, and it has been flagged as a scam broker with numerous complaints.

    Q: What market instruments does GCG ASIA offer?

    A: The specific market instruments offered by GCG ASIA are not clearly stated or accessible.

    Q: What leverage does GCG ASIA provide?

    A: GCG ASIA offers a maximum leverage of 1:100.

    Q: What are the spreads offered by GCG ASIA?

    A: GCG ASIA claims to offer low spreads, as low as 0.1 pips for the EUR/USD currency pair.

    Q: What is the minimum deposit for GCG ASIA?

    A: The minimum deposit requirement for GCG ASIA is undisclosed, but it is strongly advised to avoid this broker due to revoked licenses and illegal activities.

    Q: What is the minimum trade size for GCG ASIA?

    A: The minimum trade size for GCG ASIA is 0.01 lots.

    Q: How can I deposit and withdraw funds from GCG ASIA?

    A: GCG ASIA primarily offers bank transfers as a deposit and withdrawal method. Consult the platform's guidelines or contact customer support for specific instructions.

    Q: What trading platform does GCG ASIA provide?

    A: GCG ASIA claims to provide the Meta Trader 4 (MT4) trading platform.

    Q: How can I contact GCG ASIA customer support?

    A: GCG ASIA provides customer support primarily through email communication at enquiry@guardiancapitalag.asia.

    Q: What do reviews say about GCG ASIA?

    A: Reviews indicate numerous complaints about GCG ASIA, including issues with fund withdrawals, scams, and involvement in fraudulent activities. Users caution against using the platform.

    News

    Cops bust forex scam syndicate, seize RM127mil worth of watches and gold

    NewsCops bust forex scam syndicate, seize RM127mil worth of watches and gold

    2022-01-06 10:36

    A Datuk is among 10 arrested for alleged links to a Forex investment scam involving losses of at least RM2.94mil.

    WikiFX
    2022-01-06 10:36
    News
    Cops bust forex scam syndicate, seize RM127mil worth of watches and gold

    User Reviews

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    User comment

    6

    Comments

    Write a review

    FX1263301479
    more than one year
    Unreliable! Never trust your money on this trading site. I deposited GCG ASIA trading platform. I was trading for a while and then I decided to cash out my money because it wasn't exactly what I expected and what they were saying.
    2023-02-28 10:54
    Reply
    0
    0
    FX1156270465
    more than one year
    A friend originally recommended this platform to me, but fortunately, I checked it on the Forex Tianyan platform, and there are many negative comments. This platform is a black platform. The current foreign exchange platform is mixed with dragon and fish, if you don't check it in advance, you may be deceived!
    2022-12-13 10:57
    Reply
    0
    0
    右先生
    more than one year
    You fucking liar, I've been ripped off almost $20,000! Now that they shut down the site, I may never get my money back. I will never trust my money with an unregulated company again!
    2022-11-30 18:02
    Reply
    0
    0
    Pp29114
    more than one year
    EVERYONE BE CAREFUL! GCG ASIA is an illegal company! They just keep inducing you to invest, but withdrawal is never possible! Once the money is in their hands, they can never get it back.
    2022-11-28 12:29
    Reply
    0
    0
    FX1061914763
    more than one year
    Absolutely a scam platform! They maliciously increased my trading fees, closed my positions. I’ve lost $1,000 on this platform, but they ran away promptly. I cannot even contact its customer support staff, its website cannot be opened now either... What should I do? Anyone who can help me?
    2022-11-28 09:56
    Reply
    0
    0
    Oriental god
    more than one year
    no withdrawal
    2022-10-31 11:30
    Reply
    0
    0
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