Dear Investor,
GTCFX states that it operates through two entities: GTC Global SA (Pty) Ltd in South Africa and GTC Global Trade Capital Co. Limited in Vanuatu, regulated by the Financial Sector Conduct Authority (FSCA) and the Vanuatu Financial Services Commission (VFSC), respectively. Our checks confirm that both entities do hold valid licenses from these regulators and are authorized to offer forex trading services.
However, neither the FSCA nor the VFSC publicly lists or verifies the official websites of their licensees. As a result, we cannot independently confirm whether the GTCFX platform is genuinely linked to these licensed companies.
Moreover, it’s important to note that both FSCA and VFSC are considered offshore regulators, with less stringent oversight, weaker enforcement mechanisms, and limited investor protection frameworks compared to mainstream authorities. This means that even with a valid license, client funds may not be adequately safeguarded.
We therefore advise investors to exercise caution, conduct thorough due diligence, and consider seeking direct clarification from the broker before proceeding with any trading activity.
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