GGCCFx Information
Global Gold & Currency Corporation Limited, referred to as GGCC, is commonly used as GGCCFx. GGCCFx, headquartered in Dubai with registration in Saint Lucia, facilitates forex and CFD trading on the widely used MetaTrader 5 platform, accessible via desktop, web, and mobile devices. While they attract traders with a low minimum deposit of $10 and high leverage options of up to 1:500, the absence of regulatory oversight remains a significant concern. This lack of regulation exposes traders to increased risk, as funds may not be adequately protected in case of disputes or company insolvency.
GGCCFx employs variable spreads ranging from 0 to 2.5 pips and commissions between $0 and $5. They offer a variety of account types, including Micro Voyager, Standard Strategist, Market Master, and Foresight Finder. Customer support channels include live chat, phone, email, and a physical address.
GGCC FX's Official Website Homepage(Image Source: ggccfx.com)
Regutory Status
GGCC currently operates without being subjected to any valid regulatory oversight. Traders should be aware that the lack of regulation can result in a potential absence of investor protections and recourse mechanisms in the event of disputes, they are suggested to carefully consider the regulatory status of GGCC and assess the associated risks before engaging in any trading activities.
Pros and Cons
Market Instruments
GGCC offers access to a wide range of trading markets, catering to various investment styles and risk tolerances. Here's a breakdown of the key markets available:
Commodities: GGCC allows you to trade essential raw materials like oil, gas, wheat, and corn. These assets influence global industries and offer opportunities to profit from price fluctuations.
Forex (Foreign Exchange): Dive into the ever-changing world of currencies. This 24/7 market lets you speculate on currency valuations based on economic factors, political events, and investor sentiment.
Stocks: Gain ownership in publicly traded companies by buying shares. Benefit from potential dividend payouts and capital appreciation as these companies grow. GGCC offers exposure to a variety of industries and sectors.
Cryptocurrencies: Explore the innovative world of digital assets like Bitcoin and Ethereum. These decentralized currencies offer unique investment opportunities with high potential rewards but also inherent risks.
Indices: Track the overall performance of specific markets or sectors by trading indices. These represent a basket of stocks, providing a broader market view and reducing individual company risk.
Shares: Gain a more focused investment by purchasing shares in individual companies. You directly participate in their success or setbacks, offering targeted investment strategies.
Futures Contracts: Secure future asset prices through agreements to buy or sell at a predetermined date. Futures are used for hedging against price risks or speculating on market movements. This market offers leverage, allowing you to control a larger position with a smaller investment, but also carries greater potential for losses.
Pricing List of Forex Trading(Image Source: ggccfx.com)
Account Types
GGCCFx offers four distinct account types, including Micro Voyager, Standard Strategist, Market Master, Foresight Finder.
Micro Voyager: Geared towards beginners, this account type provides access to a wide range of global markets and trading opportunities. It offers competitive leverages, a modest minimum deposit, and favorable spreads.
Standard Strategist: This account type is ideal for those with relevant trading experience, offering competitive leverages, a reasonable minimum deposit, and advantageous spreads.
Market Master: This account type is suitable for those who have mastered various aspects of trading, offering competitive leverages, a moderate minimum deposit, and favorable spreads.
Foresight Finder: Foresight Finder is for those with an appreciation for the nuances of different currencies and market conditions. This account type provides competitive leverages, a higher minimum deposit, and advantageous spreads for expert traders.
Of all account types, all but Foresight Finder are zero commission, making GGCCFx an attractive option for traders looking for a cost effective solution.
How to Open an Account？
Visit the GGCC Website: Start by accessing the official GGCC website. Navigate to the registration or 'Open an Account' section. Ensure that you are on the official and secure website to safeguard your personal information.
Complete the Registration Form: Fill out the online registration form with accurate and up-to-date information. This typically includes providing personal details such as your name, contact information, and residential address. Additionally, you may need to choose the type of account you wish to open (Micro Voyager, Standard Strategist, Market Master, or Foresight Finder).
Verify Your Identity: After submitting the registration form, GGCC may require you to undergo a verification process to confirm your identity. This often involves submitting necessary identification documents, such as a valid government-issued ID or passport, and proof of address. Ensure that you comply with the verification requirements promptly to expedite the account approval process.
Watch this video posted by GGCCFx on YouTube to better learn how to sign up：
Leverage
GGCC offers 1:300 leverage for Micro Voyager and Standard Strategist accounts, and 1:500 leverage for Market Master and Foresight Finder accounts. The advantage of high leverage is that it can magnify trading returns, but it also comes with higher risks; Low leverage reduces risk, but limits potential profits accordingly.
Different Leverage for to choose from (Image Source: ggccfx.com)
Spreads & Commissions
GGCC offers competitive spreads and commissions across its range of trading accounts. The spreads vary depending on the type of account chosen by the trader. For instance, the Micro Voyager account features a spread of 2.5 pips, while the Standard Strategist account offers a tighter spread of 1.8 pips. The Market Master account boasts an even narrower spread of 0.9 pips, and for the Foresight Finder account, the spread is reduced to 0 pips.
In terms of commissions, GGCC maintains a zero-commission policy for the Micro Voyager, Standard Strategist, and Market Master accounts, meaning that traders do not incur any additional fees beyond the spread. However, for traders opting for the Foresight Finder account, a commission of $5 is applied per trade.
Trading Platform
GGCC offers MetaTrader 5 (MT5), a popular and powerful trading platform for forex and CFD trading. MT5 provides a feature-rich environment to suit various trading styles:
Extensive Analytical Tools: Analyze market movements with a wide range of technical indicators and drawing tools to identify trading opportunities.
Automated Trading (Limited): Develop or purchase automated trading strategies (Expert Advisors) for the MT5 desktop platform to execute trades based on pre-defined parameters.
Note: Expert Advisors are not supported on the Web Terminal.
Trading Signal Marketplace: Discover and potentially benefit from the insights of other traders by exploring the built-in marketplace for buying and selling trading signals.
Order Flexibility: Place various order types including market orders for immediate execution, limit orders to target specific entry or exit prices, and stop orders to manage risk.
Main Features of MT5(Image Source: ggccfx.com)
The MT5 platform provided by GGCC is available in three versions to suit your needs:
MT5 Desktop Terminal (Full Featured): Install the powerful MT5 software on your Windows, Mac, or Linux computer to unlock the complete MT5 experience, including Expert Advisors.
MT5 Web Terminal (Convenient Access): Trade from any web browser with the MT5 Web Terminal. This web-based platform offers all the core functionalities of the desktop version except for Expert Advisors, allowing you to trade on the go or from any computer with an internet connection.
MT5 Mobile Terminal (Trade on the Move): Download the MT5 Mobile Terminal app for your iOS or Android device. This mobile app provides most features of the desktop platform, including technical analysis tools, order placement, and real-time market data, keeping you connected to the markets wherever you are.
The following table shows how the three different versions of MT5 compare in terms of whether they need to be installed, operating system, and ease of use:
Deposit & Withdrawal
GGCC prioritizes convenience and flexibility in financial transactions by offering a diverse array of payment methods for its users.
Traditional options such as Visa and Mastercard provide a familiar and widely accepted avenue for deposits and withdrawals, allowing users to seamlessly manage their funds with ease.
Popular e-wallets like Skrill and Neteller are also integrated into the platform, offering users an efficient electronic payment solution. It recognizes the growing prominence of cryptocurrencies and embraces this trend by facilitating transactions in digital assets. Traders keen on the advantages of blockchain technology can fund and withdraw from their accounts using various cryptocurrencies.
Payment Methods offered by GGCC (Image Source: ggccfx.com)
Customer Support
GGCCFx prioritizes an exceptional customer support experience, ensuring traders have access to assistance and information when needed.
Live Chat Support: GGCCFx's Live Chat Support allows users to engage in real-time conversations with forex specialists.
Phone Contact: Traders can reach GGCC's customer support team through the contact number +971 42686007. This direct line facilitates verbal communication, allowing users to discuss concerns, seek guidance, or receive assistance over the phone.
Email Support: For written inquiries and detailed assistance, users can contact GGCCFx via email at support@ggccfx.com.
Address: GGCCFx's location is situated at M26, Gold Land Building Al Dhagaya, Deira, Dubai, UAE.
Registered Address: The registered address for GGCCFx is Ground Floor, The Sotheby Building Rodney Bay, Gros Islet Castries, Saint Lucia.
Get in touch with GGCC FX through the contact details(Image Source: ggccfx.com)
Trading Tools
Analytical Tools: GGCC offers a range of analytical tools that empower traders with comprehensive market analysis. These tools include technical indicators, charting capabilities, and real-time data feeds, enabling traders to make informed decisions based on the most up-to-date market information.
Investment Calculator: The Investment Calculator at GGCC allows traders to assess potential returns and risks associated with their investment strategies. By inputting key variables such as investment amount, expected returns, and time horizon, traders can make informed decisions and optimize their portfolio for their financial goals.
Economic Calendar: The Economic Calendar tool is a crucial resource for traders seeking to stay abreast of key economic events and indicators. Providing a schedule of upcoming releases, such as economic reports and announcements, this tool assists traders in anticipating market movements and adjusting their strategies accordingly.
Currency Converter: GGCC's Currency Converter simplifies currency conversions, allowing traders to swiftly assess exchange rates and convert between different currencies.
Tick History: For in-depth market analysis and strategy development, GGCC offers the Tick History tool.Traders can access historical tick data to analyze price movements, identify patterns, and refine their trading strategies based on past market behavior.
VPS Hosting: GGCC provides Virtual Private Server (VPS) hosting services, offering traders a dedicated and stable environment for their trading activities.
Trading Central Web TV: The Trading Central Web TV tool at GGCC delivers real-time market insights through video content. Traders can access expert analysis, market commentary, and the latest financial news, enhancing their understanding of market dynamics and supporting well-informed decision-making.
Promotions/Bonus
GGCCFx is offering a special 15% tradeable bonus to celebrate UAE National Day. This bonus is available for all new signups.
You will receive a bonus of 15% of your initial deposit. This bonus is tradeable, meaning you can use it to increase your trading capital and potentially amplify your profits. This is a limited-time offer, so sign up soon to take advantage of it.
15% Tradeable Bonus(Image Source: ggccfx.com)
Conclusion
In conclusion, GGCC stands as a financial platform that offers a versatile and accessible trading experience to a diverse clientele. Established with a commitment to transparency and client satisfaction, GGCC provides a comprehensive range of financial services, allowing individuals and institutions to engage in trading across various asset classes, including Forex, Indices, Commodities, Futures, and Exchange-Traded Funds (ETFs).
While GGCC presents itself as a comprehensive trading platform, the absence of regulatory oversight poses inherent risks, emphasizing the importance of thorough research and risk assessment before engaging with GGCC.
FAQs
What is the regulatory status of GGCC？
GGCC is currently unregulated.
What is the maximum leverage offered by GGCC？
GGCC offers a maximum leverage of up to 1:500.
What trading platforms are available at GGCC？
GGCC offers MetaTrader 5, Web Terminal, and Mobile Terminal as trading platforms
What are the spreads and commissions at GGCC？
GGCC offers competitive spreads that vary by account type. Commissions are zero for Micro Voyager, Standard Strategist, and Market Master accounts, with a $5 commission per trade for Foresight Finder.
What are the available deposit and withdrawal methods at GGCC？
GGCC offers a variety of payment methods, including traditional options like Visa and Mastercard, e-wallets like Skrill and Neteller, and transactions in various cryptocurrencies.
