GCG Trading review
This broker was not featured in our 2024 Broker Review Audit. This is because, in the past 12 months, it has failed to pass our initial screening process and is not recommended by our team of experts. As such some of the information found here may be out of date.
We review all brokers to a strict and unique methodology, to ensure that we only promote high quality brands that you can trust. This methodology considers over 200 criteria points, covering the categories of safety, fees, platforms, products, payments and customer support. All brokers are then given a score out of 100. We update this methodology and our recommended reviews yearly, so that you’re only given up to date information.
If a broker has a score less than 80, like this one, we won’t recommend it to you. So that we don’t waste your time, we don’t update these reviews either. We know you don’t want to read a long review of an untrustworthy broker. Instead, you can use the tool below to find a high-scoring broker that accepts clients from your country.
Brokers available in
Discover a broker you can trust by reading our in-depth and honest reviews, created by industry experts. Since 2015, we’ve reviewed over 200 forex brokers.
GCG stands for Goldland Capital Group, and GCG Trading is the online trading side of this Australian financial services provider. Licensed and regulated by ASIC, GCG offers the best trading platforms, access to some of the tightest spreads, the fastest executions, and excellent client support. The group was founded in 2013 by a management team with years of experience in the Forex market, with the aim of understanding and meeting clients’ needs.
GCG is giving away gifts for clients who are able to deposit 25K or more. The gifts include an iPad Air 2, iPhone 6 or iPhone 6 Plus, or a new MacBook. There are currently no bonuses or promotions running.
 |
|
|
Bonus |
No |
|
Regulation |
Yes |
|
Mobile |
Yes |
|
Instruments |
Forex, Oil, Metals, Indices |
|
Website |
www.gcgtrading.com |
| Not Verified | |
What are the benefits of choosing GCG Trading as your Forex broker?
GCG considers that it has a number of advantages that make it worthy of being chosen. They include the provision of education for all levels of investors, including in-house training sessions. Live data and news are provided for traders as well as market outlooks from the GCG market analyst team. Ongoing support is provided to improve clients’ chances of making a profit from trading the various markets, along with one-to-one customer service that includes the services of a dedicated business development manager who speaks your language.
We have to say that there is nothing really special about these claims, as there are plenty of brokers offering the same and much more besides.
Goldland Capital Group has a trio of accounts to choose from.
There are three different accounts to choose from, and when you’ve read the various trading conditions you’ll appreciate that this broker is looking to work with more serious traders.
Standard Account
- Access to a wide range of products with the best-of-market fixed spreads
- Minimum deposit of $1,000
- Minimum trade size of 0.01 lot
- Flexible leverage up to 1:400
- Zero commission
EDGE Account
- Access to a wide range of products with the best-of-market fixed spreads
- Minimum deposit of $10,000
- Minimum trade size of 0.01 lot
- Flexible leverage up to 1:400
- Spreads from 0.1–0.5 pips
- $7 USD commission
Professional Account
- Access to a wide range of products with the best-of-market fixed spreads
- Minimum deposit of $100,000
- Minimum trade size of 0.01 lot
- Flexible leverage up to 1:200
- Zero commission
- Spreads as low as 0.1 pip
When you want to fund your account or request a withdrawal, a number of payment methods are accepted. MasterCard, Visa, PoliPay, UnionPay, PayPal, Fasapay, BPay and bank wire transfers are all possible.
With GCG Trading you can trade a wide range of instruments.
There are a number of different instruments you can trade with GCG Trading. As well as foreign currency pairs, there is also oil, metal and indices. The different options are clearly explained on the website along with the advantages of choosing each instrument for trading. When we were writing this review we noticed that some of the details provided were a little out of date. For example, the swap interest rates are dated May 2016 – which does raise the question as to whether this broker has its finger on the pulse.
GCG Trading offers MetaTrader 4 for clients.
The most popular trading platform in use today is MetaTrader 4, so it comes as no surprise to discover that GCG Trading is offering it for clients. There are a number of reasons MetaTrader 4 has managed to stay as popular as it has, even after the release of MetaTrader 5. MT4 provides traders with access to live quotes, real-time charts, the latest news, and market analytics. It is simple to use, which makes it great for beginners, and it has a user-friendly interface, and customisable charts along with a range of technical indicators, all of which have been designed to improve a trader’s performance. From the one screen you can follow live market movements using customisable charts, instantly place your orders, and manage your portfolio and look at how well you are performing. There are Expert Advisors included in the software package, or you can choose your own, so that you don’t have to spend hours sat watching and analysing the markets.
MetaTrader is fully compatible with most mobile devices, so you can trade whenever and wherever you want to. Using a smartphone or tablet, you’ll be able to access live quotes, charting, the list of currency pairs you’ve chosen to follow, and your portfolio – all without any loss of functionality.
Customer education and support with GCG Trading
As well as the opportunity to participate in live training sessions, there is also a fair amount of information provided online. As well as an introduction to Forex and trading basics, there is a section on both fundamental and technical analysis as well as a very useful glossary. With a minimum deposit requirement of $1,000 it is, however, unlikely there will be many beginners signing up for an account.
If you need to get in touch with customer support, it can be done in a number of different ways. There is a selection of email addresses, depending on your query, as well as instant chat and a telephone number. Customer service operates 24 hours a day, Monday to Friday.
Would we recommend this broker? There are a couple of issues that make us hesitate. It may claim to be regulated by ASIC but at the time of writing the review, we were unable to verify this information. There are also sections of the website that are blatantly in need of an update. Another problem is that there are two websites with very similar domain names, and we were unsure which one to choose.
Have a look at our Top Rated Forex Brokers in your country:
What’s next
-
Find Your Broker We helped new traders to find their path.
-
Compare broker See what benefits one offers over the other.
-
Learn Trading financial markets has never been easier.
Exclusive Offers
