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GTTC Trade Broker Review
A leader and the best broker to trade with – this is how GTTC TRADE or GTTC is positioning itself on its official website. The broker started its activities in 2017. Ten million people from all over the world trade with it. They are assisted by 2,000 managers.
Proven reviews of GTTC TRADE (GTTC) claim that it is impossible to make money by trading with this broker. It’s not a reliable forex broker, but a scammer. GTTC reviews make it clear: it actively seeks out victims on its own by calling illegally obtained databases of numbers. The scam calls and offers work on the internet. Its terms: throw in $100 on the deposit and trade.
Broker status: Unregulated Broker
Regulated by: Unlicensed brokerage
Owned by: GTTC LTD
Address: 305, Griffith Corporate Centre, Beachmont, 1510, Kingstown, Saint Vincent and the Grenadines
Foundation year: 2017
Supported Platforms: MetaTrader 4, Web Trader, Mobile Trading
Minimum Deposit: 1000 USD
The broker reports that it provides services to traders from more than 150 countries. In the “About the company” section of the gt-tc.trade website, one can read mainly about achievements like advanced technology, a staff of 2,000 employees and 10 million trading accounts.
It is stated that GTTC Trade has been operating since 2017 and is based in St. Vincent and the Grenadines. Data and licensing details are not available.
The website is translated into English, German, Arabic and Russian, and 24/5 technical support is promised. It is available by email and phone +442039578578.
Trading Instruments and Platforms
The broker promises access to over a thousand types of trading assets from the following categories:
- currencies,
- stocks,
- oil and gas,
- precious metals,
- indices,
- futures,
- cryptocurrencies.
The main work with the broker is done through the classic MetaTrader 4 terminal with all its variations. The company’s own development for mobile devices GTTC TRADE Mobile is also mentioned.
GTTC Trading Accounts
The broker offers a Demo account or one of the 5 real accounts. The entry threshold at GT-TC.Trade is above average.
Bronze: can be activated with a minimum deposit of $1,000 or more for this company. The spread is floating, from 0.01, a limited set of instruments is available with leverage up to 1:400. The leverage is the same for all account types. The GTTC broker earns on commissions per lot: on the Bronze account the commission is 25 USD per lot and decreases as the initial deposit and the account category increases.
Silver: Requires a minimum deposit of USD 5,000. The range of trading instruments is wider than the initial one; commission is reduced to 20 USD per lot.
Gold: for deposits starting from 10 000 USD. Commission is $15 per lot.
Platinum: account with an entry threshold of 25 000 USD. The spreads are fixed, the Trading Commission is reduced to $10 per lot. Scalping is allowed from this level.
Exclusive: the most prestigious GTTC Trade account with a $100K threshold. These clients work with fixed spreads and do not pay trading commissions.
Reviews of BDI Markets claim that the broker is primarily present in Australia, Canada, and the United States. But it does so unlawfully everywhere, including in the EU, the UK, Singapore, South Africa, and other places.
Clients frequently complain about the trading platform’s numerous latencies, excessively expensive initial deposit requirement of $2,500, and several hidden trading conditions in addition to withdrawal problems.
Deposits and Withdrawals
The base currencies are US dollars, euros and Russian rubles. You have to pay for the transaction yourself. The range of payment channels is wide:
- bank cards,
- electronic payments Yandex.Money, QIWI, Perfect Money, AdvCash,
- cryptocurrencies bitcoin, ethereum, ripple.
Withdrawals from GTTC Trade may be accompanied by a fee when using electronic payment systems. The highest fee for withdrawals via Yandex.Money and QIWI is 7.5%. 0.5% will be charged when withdrawing money via Perfect Money.
However, GTTC TRADE reviews are flooded with complaints about problems with withdrawal of dough. You write to the support team hoping to get your money, and they say you have to wait. One ex-client waited 20 days. Ended up getting nothing.
We warn you: scammers like GTTS Trade drag out the process of withdrawing money so that as much time as possible elapses from the moment the money is deposited. They do this to prevent the transaction from being canceled. The scammers also like to offer super profitable positions that you have to urgently get into. Legend says it will bring a lot of money. In reality, the client loses the entire deposit.
License and Regulation
The broker’s website says it is owned and operated by GTTC LTD. It is registered in St Vincent and the Grenadines. The address is Suite 305, Griffith Centre, Beachmont, Kingstown.
The office for clients is located in England. Its address is 7 Bell Yard, London, England, WC2A 2JR. Next to it is a link to Companies House, the UK registry for businesses. So there are two countries to check the scam: St. Vincent and Foggy Albion.
GTTC TRADE has no St. Vincent license. There is no UK license either. This is proven by GTTC LTD’s check on the website of the FCA, the UK’s financial regulator.
Conclusion on GTTC Trade Broker
An honest broker — is not about GTTS Trade. It’s a scam.
The broker is lying:
- about the date of launch;
- number of clients;
- registration;
- license.
The GTTC scam cheats newcomers and those who don’t know what trading is at all, but believe they will get rich. Only this kind of people believe that an honest broker itself calls and offers to open an account. There are a lot of real reviews about this broker on the web complaining about a scam.
Making money trading with GTTC TRADE is unrealistic. He is 100% likely to lick both the entry ticket and all subsequent deposits. Then he will fudge his brain with imitation trading. All his tales about taking trades to liquidity providers are a big batch of noodles. None of them will cooperate with a dubious firm.
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