Overview of GCG24 Review:
Global Consulting Group which is abbreviated to GCG24 claims to be a forex and CFD broker that provides services all over the world. They also advertise various other things on their website such as attractive bonuses and offers for the customers’ profit. In today’s review, we will be investigating and uncovering the scam hidden behind GCG24. If you find this review helpful, don’t forget to share it with your loved ones and help them out as well. Read on to know more about the dangerous GCG24 scam in this GCG24 review.
About GCG24 Review:
This section will consist of detailed explanations and our take on all the offers and demands met by GCG24. We will also explain the problematic parts and raise the red flags wherever necessary.
Upon scanning through their website, we came to know that GCG24 claims that it is owned and operated by another company by the name of FM Consulting. When we conducted a little research on the alleged parent company, we realized that FM Consulting is actually based in Saint Vincent and the Grenadines (SVG). Furthermore, GCG24 provides an address in Russia under their contact page which seems suspicious because the contact number that they have provided is of the UK. From this, we can be sure that GCG24 is UNREGULATED and is covering it up with baseless lies. This raises the first red flag against the GCG24 scam.
What is even more shocking is that the Financial Conduct Authority or the FCA of the UK has issued a warning against GCG24. The statement says that GCG24 is not regulated by the FCA and the regulator suspects GCG24 of being a scam. This raises yet another red flag against the GCG24 scam in this GCG24 review.
GCG24 Demo Account and Trading Conditions:
Demo accounts are provided by all of the legitimate brokers in order for the customers to get acquainted with the trading conditions. However, this practice is not followed by the scam brokers as it puts them at a greater risk of the scam getting uncovered. In our case, GCG24 does not offer a demo account to its customers. This surely is fishy and puts GCG24 in a negative light. Furthermore, GCG24 does not reveal much information about their trading conditions. This just adds to the suspicion and raises yet another red flag against the GCG24 scam.
GCG24 Trading Platform:
MetaTrader 4 or MT4 is the most commonly used trading software as it is comparatively the most advanced in the industry. Most of the legitimate brokers provide MT4 to their customers as trading software. In the case of GCG24, we found out that the trading software used by this brokerage firm is not MetaTrader 4. GCG24 provides its customers with trading software that is explicitly used among scam brokers. This raises another red flag against the GCG24 scam.
Conclusion: Is it a Scam or Legit?
To sum up, all that has been said above, we can safely conclude that GCG24 is a complete scam. We request our readers not to get involved in any kind of trade or investment with this GCG24 scam broker.