GCT

GCT is a forex broker reportedly established in 2012 with headquarters in China, though our records indicate a founding date of September 26, 2017. The broker operates under a revoked VFSC (Vanuatu Financial Services Commission) license, which is a significant red flag for regulatory compliance. GCT positions itself with a low minimum deposit of $100, aiming to attract retail traders seeking low entry barriers.

Given the conflicting information about its founding year and the revoked license, GCT presents a high-risk proposition. The broker's official domain is not publicly listed, making independent verification of its operations challenging.

According to our records, GCT holds a Forex Trading License (EP) issued by the Vanuatu Financial Services Commission (VFSC). However, the status of this license is listed as '—' or revoked, meaning it is not currently active. This revocation severely undermines the broker's regulatory standing, as VFSC oversight is already considered weak compared to major regulators.

A revoked license implies that the broker may have failed to meet ongoing requirements, and traders have no recourse through the regulator. FXCanary strongly cautions against trading with unregulated or de-licensed entities.

The combination of a revoked VFSC license, contradictory founding dates, and lack of a verifiable official domain places GCT in a high-risk category. The broker's scam risk score of 34/100 (Guarded) reflects these concerns, indicating that traders should exercise extreme caution.

Without effective regulatory oversight, client fund protection is uncertain. There is no guarantee of segregation of funds or participation in compensation schemes. Potential investors should be aware that disputes may be irresolvable.

GCT advertises a low minimum deposit of $100, making it accessible to retail traders with limited capital. This is a common tactic to attract novice traders, but it does not compensate for the lack of regulatory safeguards.

Despite the low entry threshold, the overall risk remains high. Traders should consider whether the potential convenience outweighs the absence of protection.

Our records show that GCT was founded on September 26, 2017, but the broker's own description claims establishment in 2012. This discrepancy raises questions about transparency and corporate history. The registered address is listed only as an email (support@gctexchange.com), with no physical office location provided.

China-based brokers that operate with offshore licenses often face additional scrutiny. The lack of a clear physical presence adds to the opacity of GCT's operations.