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GCCKC LTD

Australia|1-2 years|
Suspicious Regulatory License|Suspicious Scope of Business|Suspicious Overrun|High potential risk|

https://www.gcckcfxs.com/en/index

Website

Rating Index

Contact

gcckcltd01@gcckcfxs.com
https://www.gcckcfxs.com/en/index
300 George St, Brisbane City QLD 4000Australia

Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

GCCKC LTD

Company Abbreviation

GCCKC LTD

Platform registered country and region

Australia

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-04-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The United StatesNFA regulation (license number: 0554721) claimed by this broker is suspected to be clone. Please be aware of the risk!

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GCCKC LTD · Company Summary

GCCKC LTD Basic Information
Registered Country Australia
Founded Year Within 1 Year
Company Name GCCKC LTD
Regulation Unregulated
Minimum Deposit Not specified
Maximum Leverage Not specified
Spreads Information not available
Trading Platforms Windows, iOS, Android (Simple Mobile App)
Tradable Assets Forex, Metals, Energies, Indices
Account Types A live account
Demo Account Availability not specified
Islamic Account Availability not specified
Customer Support 24/5, Online chat, Email
Payment Methods Cryptocurrencies, Bank Wire
Educational Tools Not available

Overview of GCCKC LTD

GCCKC LTD is a recently established brokerage firm operating out of Australia, providing access to four classes of trading instruments, including forex, metals, energies, and indices.

The minimum deposit requirement for opening an account with GCCKC LTD is not specified, and the maximum leverage offered is also not disclosed. When it comes to trading, GCCKC LTD provides access to various financial instruments, including forex, metals, energies, and indices. Clients can access the trading platform through Windows, iOS, and Android devices by using a simple mobile app. Unfortunately, detailed information about spreads is not available, leaving potential traders with uncertainty regarding trading costs.

GCCKC LTD offers a single live account type, but it does not specify the availability of a demo account or an Islamic account tailored to the needs of Muslim traders. Customer support is available 24 hours a day, five days a week, and can be reached through online chat or email.

basic-info

Is GCCKC LTD legit or a scam?

GCCKC LTD operates as an unregulated broker, which means it does not currently hold any regulatory licenses from recognized financial authorities. This lack of regulation introduces potential risks that traders should be aware of before engaging with the broker.

By opting for an unregulated broker like GCCKC LTD, traders expose themselves to various risks. These risks may include possible fraudulent activities, limited transparency, inadequate investor protection, and limited recourse in the event of disputes or conflicts. Furthermore, the absence of regulation means that there is no regulatory body overseeing the broker's operations or ensuring compliance with industry best practices.

regulation

Pros and Cons

GCCKC LTD operates without regulation, which may raise concerns for some traders. Additionally, there is a limited selection of account types available, and the minimum deposit requirement is not specified. Furthermore, the broker lacks educational resources and tools, which can impact the overall trading experience. It is worth mentioning that phone support is not available, and detailed information about deposit and withdrawal processes is not provided. Moreover, GCCKC LTD does not offer the widely popular MT4 or MT5 trading platforms. Lastly, customer support is not available 24/7.

Pros Cons
Four classes of tradable assets provided No regulation
Limited account types
No specified minimum deposit requirement
Absence of demo and Islamic accounts
Lack of educational tools and resources
No phone support
No deposit and withdarwal info
No MT4 or MT5 trading platform
No 7/24 customer support

Market Instruments

GCCKC LTD offers a selection of trading instruments spanning across four major classes, providing traders with ample opportunities in the financial markets. With a portfolio of more than 250 assets, GCCKC LTD caters to the diverse needs of traders, accommodating various investment strategies and preferences.

The Forex market serves as a prominent market instrument, enabling traders to engage in the trading of major, minor, and exotic currency pairs. By speculating on currency fluctuations, traders can capitalize on potential profit-making opportunities.

market-instruments

GCCKC LTD also facilitates trading in the Metal market, offering renowned metals such as gold, silver, platinum, and palladium. Traders can access these precious metals as spot contracts or through derivative instruments, allowing them to participate in this dynamic market and potentially benefit from price movements.

market-instruments

The Energy market is another vital market instrument available through GCCKC LTD. Traders have access to energy commodities such as crude oil, natural gas, and other energy derivatives. These markets are influenced by geopolitical events, supply and demand dynamics, and other factors, presenting traders with opportunities to speculate on price changes and potentially generate profits.

market-instruments

Furthermore, GCCKC LTD provides traders with the option to trade in Indices, which represent a collection of stocks from specific markets or sectors. Popular indices such as the S&P 500, NASDAQ, and FTSE 100 can be traded, allowing traders to diversify their portfolios and take positions on the overall performance of particular markets or sectors.

market-instruments

Account Types

Unlike brokers that provide tiered account types with varying features and benefits, GCCKC LTD offers a simplified account structure with a single standard trading account.

account-types

Additionally, GCCKC LTD does not offer a demo account. Demo accounts are valuable tools that allow traders to practice their trading strategies, explore the trading platform, and gain familiarity with the broker's offerings without risking real money. The absence of a demo account with GCCKC LTD may be a disadvantage for traders, particularly those who are new to trading and wish to test their skills and strategies in a risk-free environment.

How to Open an Account with GCCKC LTD?

1.Visit the GCCKC LTD website: Look for the “Register” ( for new users) button on the website and click on it.

open-account

2. Complete the registration form: Fill out the registration form with accurate and up-to-date information. This may include your name, email address, phone number, and other required. Please note this broker needs new users to get their email verified first.

open-account

3. Agree to terms and conditions: Read through the terms and conditions carefully and make sure you understand them. If you agree with the terms, check the box to indicate your acceptance.

4. Provide necessary documentation: As part of the account opening process, you may be required to provide certain documents to verify your identity. This may include a valid identification document (such as a passport or driver's license) and proof of address (such as a utility bill or bank statement).

5. Fund your account: Once your account is successfully created and verified, you will need to deposit funds into your trading account. GCCKC LTD may provide various payment methods, such as bank transfers, credit/debit cards, or electronic wallets. Choose the preferred payment method and follow the instructions to make the deposit.

Leverage

GCCKC LTD does not provide specific information about the leverage it offers to traders. Typically, some unregulated or offshore brokers often entice new clients with high leverage ratios, such as 1:500 or even 1:1000 or even higher. However, without clear disclosure from GCCKC LTD regarding their leverage options, it is important for traders to exercise caution.

High leverage can significantly amplify potential profits and losses, making it crucial for traders to fully understand the risks involved. Before engaging in any trading activities with GCCKC LTD, it is advisable to seek professional advice and gain a comprehensive understanding of the implications of trading on leverage.

leverage

Spreads & Commissions

GCCKC LTD does not provide specific information about its spreads, commissions, or any trading fees on its official website. The absence of transparent details regarding these aspects may present a challenge for traders who rely on such information to evaluate the cost-effectiveness of trading with the broker. It is crucial for traders to have a clear understanding of the spreads and commissions imposed by a broker, as they can significantly impact trading expenses and overall profitability.

Here's a table comparing the spreads of GCCKC LTD with other brokers on the EUR/USD pair:

Broker Spreads on EUR/USD
GCCKC LTD Information not available
OANDA Variable spreads from 1.2 pips
Forex.com Variable spreads from 0.8 pips
eToro Variable spreads from 1.0 pips
XM Variable spreads from 0.6 pips
AvaTrade Variable spreads from 0.9 pips
FXTM Variable spreads from 1.3 pips

Non-trading Fees

GCCKC LTD does not provide clear and transparent information regarding its overnight interest fees, deposit and withdrawal fees, or inactivity fees on its official website. This lack of transparency regarding these fees can make it difficult for traders to assess the overall cost of trading with the broker.

Deposit & Withdrawal

When it comes to depositing and withdrawing funds with GCCKC LTD, it is important to note that there is a lack of detailed information available on their website regarding the specific methods, fees, and processing times. This lack of transparency can make it challenging for potential traders to fully understand the deposit and withdrawal processes and evaluate the associated costs and timeframes.

It is essential for traders to have clear and comprehensive information regarding deposit and withdrawal options, as well as any applicable fees or charges. Without this information, it becomes difficult to make informed decisions and assess the convenience and cost-effectiveness of conducting financial transactions with GCCKC LTD.

Trading Platforms

GCCKC LTD provides a user-friendly and convenient mobile trading app that is compatible with various devices including Windows, iOS, and Android. Traders have the flexibility to download and install the app on their preferred operating system, allowing them to access the markets and manage their trades on the go.

However, it is worth noting that GCCKC LTD does not offer the widely popular trading platforms MetaTrader 4 (MT4) or MetaTrader 5 (MT5). These platforms are widely recognized and trusted by traders worldwide for their advanced features, extensive charting capabilities, and robust trading tools. The absence of MT4 or MT5 as trading platform options may be seen as a drawback for traders who are accustomed to using these platforms or prefer their specific functionalities.

trading-platform

Customer Support

GCCKC LTD provides customer support services to assist traders with their inquiries and concerns. Traders can reach out to the broker through various channels, including online chat and email. The online chat feature allows for real-time communication, enabling traders to receive prompt assistance during the broker's operating hours. Additionally, customer support is available 24 hours a day from Monday to Friday. To contact customer support, traders can send an email to gcckcltd01@gcckcfxs.com, which serves as a direct point of contact.

customer-support

Educational Resources

GCCKC LTD does not provide any decent educational resources for clients.

Conclusion

In conclusion, GCCKC LTD is an unregulated broker that offers a diverse range of trading instruments across various asset classes. However, it is crucial to recognize that the absence of regulatory oversight introduces potential risks for traders. The broker's limited transparency regarding spreads, commissions, and other fees is a notable drawback, as it hinders traders' ability to accurately assess the cost-efficiency of trading with GCCKC LTD. Furthermore, the lack of detailed information on deposit and withdrawal processes adds to the overall uncertainty surrounding the broker. In terms of customer support, GCCKC LTD offers limited options, and the absence of comprehensive educational resources is a significant drawback for traders looking to expand their trading knowledge and skills.

FAQs

Q: Is GCCKC LTD a regulated broker?

A: No, GCCKC LTD is an unregulated broker, which means it does not operate under the oversight of any regulatory authority.

Q: What trading instruments does GCCKC LTD offer?

A: GCCKC LTD provides a range of trading instruments across multiple asset classes, including forex, metals, energies, and indices.

Q: What is the minimum deposit required to open an account with GCCKC LTD?

A: The minimum deposit required to open an account with GCCKC LTD is not specified. Traders should contact the broker directly for detailed information.

Q: Does GCCKC LTD offer a demo account for practice trading?

A: The availability of a demo account with GCCKC LTD is not specified.

Q: What payment methods are accepted for deposits and withdrawals with GCCKC LTD?

A: GCCKC LTD supports cryptocurrency and bank wire transfers as payment methods. However, specific details regarding associated fees and processing times are not provided.

User Reviews

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Harrison Montgomery
more than one year
I've gotta be real – GCCKC LTD seems kinda sketchy. First off, they operate without any regulation, which is a major red flag. The absence of clear info on minimum deposits and spreads leaves me feeling uneasy about potential hidden costs. No demo account is a bummer, especially for someone like me who's still learning the ropes. And seriously, no MT4 or MT5? Those platforms are a standard, and not having them is a big downside. Plus, the lack of transparent info on fees and withdrawals raises concerns about what I might be getting into. I'd say tread carefully with this one.
2023-12-07 14:22
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Alessandrar
more than one year
Checked out GCCKC Ltd lately, and it's got a mix of pros and cons. They offer a bunch of trading instruments – forex, metals, energies, and indices, so that's cool. The mobile app for Windows, iOS, and Android is handy for trading on the go. But here's the thing – they don't lay out the minimum deposit, and details on spreads are missing. Plus, no regulatory licenses listed, which makes me a bit unsure. Wish they had demo accounts and more educational stuff. And why no MT4 or MT5? That's a miss for me. Also, no Islamic accounts – feels a bit limited, you know?
2023-12-06 16:17
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Jimmy999
more than one year
If you're considering trading with GCCKC LTD, let me tell you - it's not worth it. Their reputation online is absolutely awful, with numerous negative reviews highlighting issues such as large spreads, difficulty withdrawing funds, and more. Personally, I'm glad I never actually traded with them, or I likely would have fallen victim to their scams. Trust me, there are plenty of other brokers out there with much better track records and more positive reviews. Don't waste your time or money with GCCKC LTD.
2023-06-27 14:47
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finding
more than one year
Folks, do NOT fall for GCCKC LTD's trap. Their trading platform is an absolute scam, plain and simple. They refuse to disclose any information about their trading fees, which is a huge red flag. And as for their customer service? It's a complete joke. Their staff either pretends to solve your problems or just tries to sell you more stuff. They have no interest in actually helping you succeed as a trader. So please, do yourself a favor and stay far, far away from GCCKC LTD. There are plenty of other, more reputable brokers out there that deserve your time and money.
2023-06-27 14:42
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毫无抵抗力
more than one year
I've been trading with GCCKC LTD for a while, and it's doing fine so far. If you are new to forex, I would like to give you a little advice: choose a forex broker that offers negative balance protection. They can effectively help you control losses. Of course, it is also very important to set a reasonable stop loss and investment plan.
2023-03-15 16:34
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