Abstract：GTCFX is a global provider of financial derivatives, established in 2012. The GTCFX brand encompasses multiple companies that provide a diverse range of online trading products, serving over 985,000 clients across more than 100 countries. At GTCFX, clients can have access to extensive market coverage that includes not just Forex, but also gold, precious metals, CFDs on energy, commodities, stocks, shares and equity indices.
As a forex broker with more than a decade of experience, GTCFX has achieved a good reputation. Not only does it offer a variety of measures to safeguard the safety of its clients' assets, but it is also regulated by multiple regulatory bodies - FCA, ASIC, SCA, and VFSC (Offshore).
This article will give a brief introduction to the key features of GTCFX, focusing on the process of opening a demo account and a real trading account of GTCFX. If you are considering opening an account with GTCFX, this article may be helpful. If now you are not familiar with GTCFX, this article can also help you get a basic overview of it.
First, let's take a quick look at GTCFX's key features via the table below:
It is not hard to conclude from the above table that GTCFX shines in three parts: firstly, the number of trading products available is up to 27,000+; secondly, there is no minimum deposit requirement, which means that you can decide how much money you want to deposit into your account; thirdly, the support for copy trading is also very friendly for newbies.
Is GTCFX Safe and Legit?
Yes. GTCFX offers negative balance protection for all account types. Besides, GTC Global Trade Capital Ltd. is an official member of the Financial Commission, an international organization engaged in the resolution of disputes in the financial services industry for the forex market. The Compensation Fund will cover judgments made by the Financial Commission of up to €20,000 per client.
As for regulation, GTCFX currently holds four regulatory licenses, including the Financial Conduct Authority (FCA) in the United Kingdom, the Australia Securities & Investment Commission (ASIC), the Securities and Commodities Authority (SCA) in the United Arab Emirates, and the Vanuatu Financial Services Commission (VFSC). You can verify GTCFX's regulatory status and explore more details on WikiFX.
GTCFX Account
Demo Account
GTCFX offers risk-free demo accounts on the MetaTrader 4 and MetaTrader 5 platforms. However, it does not detail the info on demo account balance and duration. If you are curious, you can contact their customer service via live chat to learn more.
Account Types
GTCFX offers three account types, Standard, Pro, and ECN.
The Standard account is available to most brokers and usually requires a minimum deposit of $100. However, there is no minimum deposit requirement for the GTCFX Standard account. It is suitable for both beginners and experienced traders.
If you are a professional trader and want to trade in a lower spread, the Pro account is your better choice, but you have to deposit at least $50.
As for the ECN account, it is more suitable for high-level traders who can bear the risks of trade with great capital, $3,000 onwards. On the GTCFX ECN account, you can enjoy tight spreads from 0.0 pips but need to pay a commission fee of $5 per standard lot.
If you are interested in trading with GTCFX, you should know the trading conditions and features of their account types. Please refer to the GTCFX account type comparison table to learn more.
GTCFX Demo Account Opening (Step by Step)
Before entering real trading, we always recommend that you open a demo account to test it out.
Real trading carries a lot of risk, and if you are just a beginner, you may lose money. The demo account is risk-free, and the capital funds involved are also virtual, so there is no real loss. Of course, it is impossible to make money with the demo account.
To put it bluntly, a demo account is a tool that helps you better understand a broker's trading conditions and trading platform.
Creating a GTCFX demo account is quite easy, only two steps and then you can own it.
Step 1: Visit GTCFX's website.
Step 2: Fill in the required information.
To be specific,
Step 1: Go to GTCFX's website and click the 'FREE DEMO ACCOUNT' button.
Step 2: Fill in the required information, including your name, phone number, email address, date of birth, preferred trading platform (MT4 or MT5), and country of residence.
Read the terms of service and tick it.
Then click the 'Send' button.
Wait for GTCFX's contact and they will gather more information and explain to you about how to utilize their services.
GTCFX Trading Account Opening (Step by Step)
If you already have a certain amount of trading knowledge and are ready to expose yourself to real trading risks, you can start by signing up for a most basic account to trade.
Step 1: Visit GTCFX's website.
Step 2: Fill in basic information.
Step 3: Fill in the account info.
To be specific,
Step 1: Go to GTCFX's website
Directly click the 'OPEN AN ACCOUNT' or 'OPEN LIVE ACCOUNT' button.
Step 2: Fill in basic information
The required information includes account type (individual or corporate), country/region, name, document type (identity card, passport, driving license, or other documents), ID number, nationality, birthdate, email address, and phone number.
Click the 'Get code' button.
Read the terms and conditions, and tick it.
Then click the 'Submit' button.
Check your mailbox to get your email verification code.
Note: If you cannot get the verification email from GTCFX, please be aware of your spam email. The verification email sent to you by GTCFX has likely been considered spam.
If you are not familiar with English, you can also change your language to Chinese Traditional, Chinese Simplified, Arabic, Filipino, French, Hindi, Vietnamese, Thai, Indonesian, Uyghur, Persian, Spanish, Latin, or Japanese.
Step 3: Fill in the account info
Choose your trading platform, MetaTrader 4 or MetaTrader 5.
Once you've chosen your trading platform, you'll be prompted with an account type to choose from. After choosing the account type, the account currency will pop up for you to choose.
Then choose your account leverage, which is up to 1:500.
Set your client portal password.
Read and tick the Declarations and Terms & Conditions.
Then click the 'Submit' button.
Now, you have a GTCFX real trading account.
Compare GTCFX with Similar Brokers
Write at the End
Overall, whether the account type setting or the account opening process, trading with GTCFX is quite worry-free and friendly to beginners. In addition, if you are still unfamiliar with some professional trading terms, you can learn systematically in the Glossary provided by GTCFX. You can find it by clicking on 'Trading & Platforms' in the menu bar at the top of the homepage of the GTCFX official website and selecting 'Glossay/FAQS'.
FAQs
Is my money safe with GTCFX?
Yes. GTCFX is currently strictly regulated by four regulatory authorities, including the top-tier FCA and ASIC, as well as SCA and VFSC (Offshore). Besides, GTCFX is a member of the Financial Commission, which will cover up to €20,000 in the Compensation Fund. Negative balance protection is also available for all account types.
Is GTCFX good for beginners?
Yes. GTCFX offers free demo accounts and no minimum deposit requirement for the Standard account.
What is the minimum deposit requirement for GTCFX?
$0. You can deposit any amount into your GTCFX Standard account.
Can I withdraw money from GTCFX demo accounts?
No. Any profits in demo accounts are virtual, not real money. You cannot make money by demo trading.
