No, Gerco Capitals is not regulated in the US. Furthermore, it is a fraudulent trading platform that carries significant risks, as it falsely claims to be a partner of a renowned forex brand, misleading unwitting investors.
Gerco Capitals purports to be a brand of Exinity Group, a company operating FXTM, a licensed forex trading platform. The FXTM refutes this assertion, saying they have nothing to do with Gerco Capitals. This dishonest practice significantly hurts Gerco Capitals' credibility.
Furthermore, while Gerco Capitals provides an address in the US, our search for this broker in the register of the National Futures Association (NFA) didn't yield any results. Therefore, it is not subject to this regulator's oversight. What's more, it blatantly solicits British customers without authorization from the Financial Conduct Authority (FCA), the UK financial watchdog. Therefore, the FCA issued a warning about Gerco Capitals, alerting investors of the risks involved.
Therefore, we strongly suggest you avoid Gerco Capitals. By trading with this platform, investors are exposed to fraud and identity theft, which could be devastating. To minimize such risks, it is advisable to choose fully regulated brokers instead.
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