Looking for a broker who is excellent in all aspects? GCB London proudly declares that it is exactly what you need. For many years, this company has been serving thousands of traders and earned an impeccable reputation. Of course, such loud words should not be trusted. Let’s see what this company is and what clients say about it in the reviews. Is it another scam or a trusted broker?
- GCB London General Information
- Registration and Client Portal Review
- GCB London Trading Conditions
- Account Types Review
- Trading Platform
- GCB London — Deposit and Withdrawal of Funds
- Additional Options
- Is GCB London a Scam?
- Legal Information and License
- Gcblondonltd.vip Domain Info
- Contacts Review
- More Details
- Pros and Cons
- Frequently Asked Questions (FAQ)
GCB London General Information
|Address||15 St Botolph St, London, EC3A 7BB, UK|
Registration and Client Portal Review
A banner with congratulations and wishes of a Merry Christmas and a Happy New Year greets the visitor. Don’t you think it’s too late for such postcards? It is strange that the creators of GCB London so rarely update the official website. Otherwise, there is nothing new here. Clients are assured that the broker was created by traders and for traders. Anyone can earn money here. It is not a very good but even crude manipulation because trading is a rather complicated business. The rest of the content consists of listing the advantages of GCB London and a lot of self-praise. The site is also translated only into English and Polish.
The registration form is standard. You won’t need anything special, just type your personal data. As always, you will need to write your first and last name, as well as contacts and residential address. Be careful when creating a password. GCB London does not support two-factor authentication. It is difficult to imagine how clients will be able to restore access to the account if they suddenly lose data. The broker does not send any confirmation codes by email or phone.
The Client Portal of GCB London will not please you with anything interesting. Here you can deposit or go to WebTrader. Additionally, you can fill in personal data, view your trading history, transfer or withdraw money, and contact support.
GCB London Trading Conditions
Yes, the official website is not too impressive. However, maybe the trading conditions will be just great?
Account Types Review
GCB London allows you to make a minimum deposit of only 100 pounds. However, with such an amount, the trader will not be able to earn much. The broker supports the division of accounts into types according to the deposit. The simplest beginner account severely limits the possibilities of investors. Only currency pairs can be traded here.
The next type, the Silver account, will already have to deposit 2.5 thousand pounds. There are two types of tools available here. However, the second type besides currencies is not specified. In general, trading opportunities grow with an increase in the deposit. For a Premium account with a minimum deposit of 100 thousand, a personal analyst, insurance, and access to GCB London reserve funds are available. Also, you can get a 50% trading bonus and much more services.
The conclusion is simple. The broker focuses on wealthy investors, limiting opportunities for beginners and traders with small portfolio sizes.
The platform that GCB London calls advanced is actually standard. Of course, it is not a broker’s development. It’s just purchased software. However, it is quite possible to trade in it. There are enough indicators. The interface is not repulsive. Unfortunately, there is no downloadable desktop version and no mobile app. However, it is clear that the broker simply saves money and wants to spend nothing on traders. After all, this platform is also not of the highest quality and is not too expensive.
GCB London — Deposit and Withdrawal of Funds
There are several ways to fund an account with a broker. Among the available methods of payment are credit cards, wire transfers, and for some reason the Russian payment system QIWI. At the same time, the common Neteller or Skrill is not supported. However, it is possible to use CashU. Money withdrawal can be carried out in the same ways. GCB London promises not to take commissions in addition to the fees for the payment systems. The deadline for crediting payments will depend on the selected payment method.
It is necessary to undergo the KYC procedure at GCB London. Moreover, it is better to do it right away, and not at the first withdrawal of money. You will have to upload quite a lot of documents, at least:
- A bank statement
- Passport photos or scans
- Utility bills.
If you need anything else, you will be notified by the support service
GCB London offers not quite a classic affiliate program. Here, not only traders can become partners, but users with a blog, or channels in social media. In other words, leaders. For each referral, they will be paid a commission (which is not specified). However, they do not need to trade.
As for, for example, education, GCB London, apparently does not provide it. There are no educational materials on the site. We found only a widget with an economic calendar and quotes in live mode.
Is GCB London a Scam?
After a brief acquaintance with trading conditions and the broker’s offers, we can definitely say that conscientiousness is not worth looking for here. Why? Let’s take a closer look.
Legal Information and License
The issue of the license interests us first. There are mentions of deposit bonuses in the account descriptions. The broker also mentions high leverage. At the same time, GCB London seems to be like a British broker. At least there is such a company in the English registry. The FCA licenses the work of such brokers. The only problem is that GCB London does not fulfill its requirements. Reputable regulators of the European zone have long banned leverage above 50. They do not allow companies to offer bonuses and credit customers at their own expense.
In general, everything that GCB London so kindly indicates in its services. Therefore, we checked the FCA registry ourselves. It turns out that this company no longer has a work permit. Moreover, it has never provided brokerage services. Types of its activities include payment services and electronic money status.
Gcblondonltd.vip Domain Info
GCB London claims to have been working in the industry for many years. According to the registry, the company was established back in 2010. Interestingly, reviews of such a popular broker began to appear just recently. So we decided to check out its official website.
We found out that the domain was created on July 26, 2022. Therefore, the legend of tens of years seems implausible. Most likely, this pseudo-broker simply stole the data of a real company and is trying to impersonate it.
The broker’s contact details just surprised us. Firstly, the office address does not match what is actually listed in the registry. That further confirms that GCB London is simply using the data of a real company. Secondly, for some reason, the phone number of this broker was found in the contact details of another company, Medco Finance Limited. How did it happen that two brokers shared the same phone number?
Identical phone numbers are not a coincidence. Medco Finance Limited and GCB London are not all scams that have one creator. The list of these fraudulent projects includes Meliorate Limited, Mondial Investments, Marlpark Limited, and many others. Even the sites of these brokers are similar. For example, look at what the Mondial Investments website looks like. Does this Christmas greeting remind you of anything?
As you may have guessed, GCB London is a serial scam project. Fraudsters use the same legend. They pose as real English companies and deceive traders for a lot of money.
Pros and Cons
- Small minimum deposit.
- Affiliate program.
- A short current period of work.
- No license.
- Fake registration documents.
- Negative reviews.
- Serial project.
Frequently Asked Questions (FAQ)
The broker offers to start making money in the financial markets. On this platform, you will be able to trade CFDs, get access to analytics, and be able to participate in the affiliate program.
The minimum amount recommended by GCB London to deposit in the account is 100 pounds.
No, of course, it is not. No matter how hard GCB London tries to seem like a real company, the signs of fraud still come out. Your funds with this broker will not be safe. They will simply settle in the pockets of the creators of this serial project. It’s better to spend them on something more valuable.