GBCFX Spreads, leverage, minimum deposit Revealed

　　General Information

　　GBCFX is a Saint Vincent and Grenadine registered forex broker offering a wide selection of trading instruments to its clients. GBCFX offers traders three trading accounts to choose from, 24x7 customer support as well as low trading cost.

　　Is GBC FX safe to trade with？

　　GBCFX is an offshore forex broker operated by Grand Bloom Capital Limited, a company registered in Saint Vincent and Grenadines, a shady place with forex scams popping up each day. There is no any regulatory information about this broke, which indicates that it is unregulated anyway. Trading with an unregulated brokerage is quite risky, as they could drain up your account, block your account and extract all your available money. Victims have no way to get their money back due to investing with an illegal forex platform.

　　Markets Instruments

　　With GBCFX, you can get access to a wide range of financial markets, including more than 300 forex pairs, precious metals (Gold and silver), CFD Products, and Cryptos, as well as some global major indices.

　　Account Types

　　Three trading accounts are on offer, namely Mini, Standard, Premium, with the minimum initial deposit for each account ranging from $100 to $5,000. The minimum account is ideal for beginners or novices who dont want to inject too much money into forex trading, while the Premium account is designed for professional, experienced traders who pursue extremely competitive spreads. Each accounts features different offerings, and basically, the more account balance you hold, the more favorable trading conditions you are offered.

　　How to open an account？

　　Opening an account with GBCFX is a fast and easy process. You just need to take a few minutes to fill out some of your basic information into the following form to register a new account.

　　Leverage

　　Trading leverage are significantly affected by trading accounts. With the Mini account, you are offered the leverage up to 1:400, which is considered high. Since leverage can amplify gains as well as losses, traders need to take care to choose the proper amount based on their forex knowledge and risk tolerance.

　　Spreads & Commissions

　　Spreads are defined by what trading accounts you are holding. Basically, the more account balance you are holding, the more competitive spreads you are offered. Accordingly, with the Mini account, you are offered spreads amounting to 2.4 pips, which is not the competitive offering. The Standard account offers you spreads from 1.6 pips, and spread in the Premium account is the lowest, starting from 1.0 pips. GBCFX charges zero commission on Forex, Metals, and Crypto.

　　Trading Platforms

　　GBCFX offers its clients access to the industry-recognized MT5 trading platform, available PC, Mac, Mobile and tablet, so that you can trade anytime that suits you. GBCFX MT5 trading platform is available in over 20 languages and suitable for both live and demo account

　　. Deposit & Withdrawal

　　The minimum deposit is $10. GBCFX allows its clients to make a deposit and withdrawal through a series of convenient payment methods, including Skrill, Neteller, Bitcoin, India Cash, Local Banks,Paytm. GBCFX does not charge any fees for deposit.

　　Concerning withdrawal, the minimum withdrawal amount is $10, and the withdrawal methods have to be same with deposit options.

　　Customer Support

　　The GBC FX customer support can be reached through telephone at +971-4-5681877, and email: support@gbcfx.com. The physical address of the company: 305, Griffith Corporate Centre, Beachmont, P.O Box 1510, Kingstown, Saint Vincent, and the Grenadines.