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Contract reading

What GTCFX legally published, but does not want you to read

Every clause below is published by GTCFX itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on .

Contracting entity: GTC GLOBAL LIMITED

hidden feesole discretionmarketing contradictionwithdrawalskyc freezeprofit voidingaccount closureclawbackcomplaint deadlineconclusive evidence

GTCFX tells you your maximum loss is capped at your account balance. The risk disclosure you accept says you are liable for any deficit. The contract lets GTCFX enforce trades where you lose and void trades where you win. It is also published missing clauses 18 to 36, so you cannot find the governing law or the court.

Back to GTCFX

Contract risk

Money at risk
7.8/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
5
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
17
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
9
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
6

How the 17 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical5
Warning11
Notice1

section 72 of 92is where the deepest clause sits, 78% of the way into the document it is in

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

3 of these 4 figures come from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical30 daysProfit at risk. Jump to the clause this comes from.Losing trades enforced, winning trades voidedCritical19In the contract. Jump to the clause this comes from.The client agreement is published missing 19 clausesCritical2 daysTime to complain. Jump to the clause this comes from.Trade confirmations become conclusive after 48 hours20%Fee you were not shown. Jump to the clause this comes from.Closing spread capped at 20 percent of the price

What the documents say

17 clauses worth knowing about, worst first, each quoted from GTCFX's own files

01

The GTCFX regulations page tells you your maximum loss is capped at your account balance. The risk disclosure you accept says something else: if you cannot meet a margin call, GTCFX closes your position and you owe whatever is still missing.

In plain words

Negative balance protection is a limit that stops you owing more than you put in. Without it, one fast market move can leave you owing the broker money on top of your deposit.

Why this matters

A gap that moves against you can leave you owing GTCFX money you never deposited. The page promising the cap calls it a regulator-mandated control, and the document that governs your account does not contain that cap.

Exhibit 1CriticalHarder than usual

If the market moves against you, you may be called upon to pay a substantial additional margin at short notice. If you fail to do so within the required time, your position may be liquidated at a loss, and you will be liable for any resulting deficit.
Quoted in Risk Disclosure Statement, p.1
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus), ESMA (EU)

Firms licensed by the FCA and CySEC must give retail clients negative balance protection, so a client cannot lose more than the money in the account. The GTCFX risk disclosure says you will be liable for any resulting deficit.

GTCFX is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 17Both promises on that page, capped losses and segregated funds, are qualified in the documents you actually sign.
02

If GTCFX believes you manipulated its prices or its platform, clause 9.10 lets it keep the trades that leave you owing money and cancel the trades that leave it owing you. You then have 30 days to produce conclusive evidence that you did nothing wrong.

Why this matters

Your profit can be cancelled while your losses from the same day stand. GTCFX does not have to tell you first, it decides what manipulation means, and the burden of proof lands on you.

Exhibit 2CriticalRarely seen30 days

If we reasonably believe that you have manipulated our prices, our execution processes or our trading platform, we may in our sole and absolute discretion without notice to you:
Clause 9.10 in Terms & Conditions - GTC Global Ltd, p.12
Read from the broker's site on Open the reference

Where it sits: section 38 of 92 in the Terms & Conditions - GTC Global Ltd, 41% of the way through.

Our readingVoiding trades for suspected abuse is common. Splitting the outcome by direction is not. This clause enforces the losers and voids the winners from the same conduct, so the test decides who keeps the money rather than whether the trades were valid.

  • Worse together with Exhibit 3GTCFX can void a winning trade at any time while your window to dispute any trade closes after 48 hours.
  • Worse together with Exhibit 6One clause cancels the winning trades and the next reaches back for profit you already banked.
03

The contract you tick to accept ends at clause 17.6 and jumps straight to Schedule 2. That leaves 19 numbered clauses, 18 through 36, out of the published file. No governing law and no court is named anywhere in it.

Why this matters

You cannot read the part of your own contract that says which court hears a dispute and how GTCFX must serve notice on you. Two clauses that do apply say a margin call counts as received under a Clause 36 that is not in the file, and a deemed margin call is what lets GTCFX close your positions.

Exhibit 4CriticalRarely seen19

The margin call is deemed to have been made as soon as you are deemed to have received such notice in accordance with Clause 36.
Clause 11.3 in Terms & Conditions - GTC Global Ltd, p.16
Read from the broker's site on Open the reference

Where it sits: section 49 of 92 in the Terms & Conditions - GTC Global Ltd, 53% of the way through.

Set against a regulated standard: FCA (UK), ASIC (Australia)

Firms licensed by the FCA and ASIC must give a retail client the full terms of business before the account opens, including the governing law and the complaints route. This contract names neither.

GTCFX is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingClient agreements routinely bury a governing law clause. Publishing one that stops nineteen clauses short of its own cross-references is different: the missing text is not hard to find, it is absent from the document you are asked to accept.

  • Worse together with Exhibit 3Your window to dispute a trade closes in 48 hours and the contract never names the court you would go to afterwards.
04

You get 48 hours to object once a trade appears on the platform. After that, clause 6.6 treats the confirmation as conclusive proof the trade was right. If your record of what happened differs from the GTCFX computer, clause 8.2 says its record wins.

In plain words

A manifest error means an obvious mistake by the broker.

Why this matters

Two days after a trade you did not notice, you can no longer challenge it. A trader who is travelling, ill or not watching the platform loses the argument before knowing there was one.

Exhibit 3CriticalHarder than usual2 days

Unless objected to within 48 hours after the executed transaction appears on the trading platform, the confirmation will be deemed conclusive proof of the accuracy of such contents and their execution in accordance with this agreement except only in the case of manifest error.
Clause 6.6(a) in Terms & Conditions - GTC Global Ltd, p.7
Read from the broker's site on Open the reference

Where it sits: section 23 of 92 in the Terms & Conditions - GTC Global Ltd, near the start.

What it costsA trade that appears on Friday evening is beyond challenge by Sunday evening, whether or not you opened the platform that weekend.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA must give retail clients at least six months to bring a complaint and must point them to an independent ombudsman. This contract treats a trade as accepted after 48 hours and names no external scheme.

GTCFX is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

05

The GTCFX regulations page shows licences from six regulators under one brand. The UK entry belongs to Global Markets Group Limited, and the asterisk beside it leads to a line saying that company is affiliated through a common shareholder. Your own contract is with the Mauritius company.

Why this matters

The FCA badge that makes GTCFX look like a UK supervised firm covers a company you never contract with. By the site's own words a licence held by one entity does not extend to another, so if the Mauritius company fails no UK protection reaches you.

Exhibit 5WarningHarder than usual

Each entity within the GTC Financial Group is a separate legal entity. A licence held by one entity does not extend to any other entity within the group.
Quoted in Terms and Conditions
Read from the broker's site on Open the reference
Our own capture of gtcfx.com, taken on Sep 15, 2026The claim, on United Kingdom entry in the regulated entities list, footnoted on the same page as Affiliated through a common shareholderVisit this page on the broker's siteDownload the full size image file
Our own capture of gtcfx.com, taken on Sep 15, 2026What the contract saysVisit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), ASIC (Australia)

Firms licensed by the FCA may use the regulator's name only for the entity actually authorised, and must make clear which entity a client deals with. This page groups six entities under one brand and marks the UK one as a shareholder affiliate in a footnote.

GTCFX is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

06

When GTCFX closes your position itself, clause 12.5 says the spread built into the closing price will not exceed 20%, or one cent, whichever is greater. That cap is the only limit the contract sets, and it does not apply at all to orders outside normal trading size.

Why this matters

The price you exit at can sit a fifth away from the price GTCFX is quoting, and the contract calls that acceptable. The pricing pages, which advertise spreads from 0.0 pips, never mention this ceiling.

Exhibit 7WarningRarely seen20%

our spread used in calculating the contract price will not exceed 20% or one cent (or equivalent currency unit), whichever is the greater.
Clause 12.5 in Terms & Conditions - GTC Global Ltd, p.17
Read from the broker's site on Open the reference

Where it sits: section 54 of 92 in the Terms & Conditions - GTC Global Ltd, 59% of the way through.

What it costsOn a closing price of $100, a 20% spread is $20. The cap allows that much to sit between the quote and what you receive.

Our readingMost agreements price a forced closure by reference to the prevailing market, or say nothing. Naming 20% as the permitted spread sets a ceiling far above any spread the broker advertises, and writes it into the term governing the moment you have no choice about the price.

GTCFX can keep the trades where you lose and void the ones where you win

Clause 9.10 lets GTCFX enforce trades that leave you owing money and void trades that leave it owing you. You then have 30 days to produce conclusive evidence that you did nothing wrong. Clause 9.9 lets GTCFX take back historic profit at any time during the relationship.

Trade reversal1 clause flagged

Where GTCFX decides a price was wrong, clause 9.9 lets it take back from your account any trading profit it judges you made through abuse of liquidity. It can do that at any point in the relationship, and it decides what abuse of liquidity means.

Why this matters

Profit you withdrew and spent months ago can be reclaimed from your balance. The contract gives no definition of the conduct, no time limit and no appeal.

Exhibit 6CriticalHarder than usual

Obtain from your account any historic trading profits that you have gained through such abuse of liquidity as determined by us at any time during our trading relationship;
Clause 9.9(a)(v) in Terms & Conditions - GTC Global Ltd, p.12
Read from the broker's site on Open the reference

Where it sits: section 36 of 92 in the Terms & Conditions - GTC Global Ltd, 39% of the way through.

GTCFX promises capped losses and zero fees, and its own documents qualify both

The GTCFX regulations page says your maximum loss is capped at your account balance. The risk disclosure you accept says you will be liable for any resulting deficit. The deposit page promises zero fees across every method, and the deposit policy says bank, network and conversion charges still come out of your money.

Promise versus contract2 clauses flagged

The GTCFX deposit page says zero fees are charged on all deposits and withdrawals, across every method, and that funds arrive in seconds. The deposit policy says the zero fee label covers only the GTCFX processing fee, and that bank, network and conversion charges still come out of your money.

Why this matters

The amount reaching your account can be smaller than the amount you sent, and the policy puts those charges on you. The same policy says instant is an expectation and not a guarantee, a qualifier the deposit page does not show.

Exhibit 12WarningStandard wording

Banks, card issuers, payment service providers, e-wallet providers, correspondents, blockchain networks or other intermediaries may impose charges outside the Company's control. Those charges may reduce the amount received or returned and are borne by the client unless mandatory law requires otherwise.
Clause 05 in Deposit and Refund Policy
Read from the broker's site on Open the reference
Our own capture of gtcfx.com, taken on Sep 15, 2026The claim, on Deposit and withdrawal page, beside a table listing every payment method as FreeVisit this page on the broker's siteDownload the full size image file
Our own capture of gtcfx.com, taken on Sep 15, 2026What the contract says, clause 05Visit this page on the broker's siteDownload the full size image file

Where it sits: section 39 of 88 in the Deposit and Refund Policy, 44% of the way through.

GTCFX runs its site in 19 languages, including Pashto and Vietnamese, each with its own account opening button. Its own Restricted Countries page puts Afghanistan under service restriction and Vietnam on the high risk list. The website disclaimer says every legal document comes in English only.

Why this matters

You can be recruited in your own language and then handed a contract you may not read. The restricted countries list is served in English on the Pashto pages too, so the one page telling you the service may not be for you is the page you cannot read.

Exhibit 14WarningHarder than usual19

All documents, including Company policies, Warnings, related documents and Account opening documents available on this website, will be provided in the English language.
Quoted in Website Disclaimer, p.1
Read from the broker's site on Open the reference
Our own capture of gtcfx.com, taken on Sep 15, 2026The claim, on Pashto homepage headline, above a button reading Open a real accountVisit this page on the broker's siteDownload the full size image file
Our own capture of gtcfx.com, taken on Sep 15, 2026What the contract says, clause Service RestrictionVisit this page on the broker's siteDownload the full size image file

GTCFX can price your exit with a spread of up to 20%

Clause 12.5 caps the spread GTCFX applies when it closes your position at 20%, or one cent, whichever is greater. Clause 6.1 charges 3% a year over a base rate the contract never names, compounded monthly. Clause 6.2 hands GTCFX any interest your money earns.

Cost disclosure1 clause flagged

On anything you owe, clause 6.1 charges 3% a year over a base rate, compounded monthly. The sentence that should identify that rate does not name it. Clause 6.2 then takes any interest your own money earns while GTCFX holds it.

Why this matters

You cannot work out what you would be charged, because the number you add 3% to is missing from your contract. Interest earned on your deposits goes to GTCFX, and the same clause says fees can change and it is your job to keep up.

Exhibit 11WarningHarder than usual3%

You also agree to pay interest, in respect on any unpaid amount due under this Agreement, at a rate equal to three per cent per annum over the rate (or of such monetary authority as may replace it).
Clause 6.1 in Terms & Conditions - GTC Global Ltd, p.7
Read from the broker's site on Open the reference

Where it sits: section 19 of 92 in the Terms & Conditions - GTC Global Ltd, near the start.

What it costsOn $1,000 owed, the 3% margin alone adds $30 over a year, before whatever the unnamed base rate adds, and it compounds monthly.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must disclose all costs and charges to a retail client before trading, in a form the client can understand. This clause sets a margin over a base rate it does not identify.

GTCFX is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

GTCFX names five reasons to hold your balance and no deadline to pay it

Clause 17.4 lets GTCFX withhold from your credit balance on five grounds, including a contingent liability on any other account you hold with it or its associates. Nothing in the agreement sets a time limit for paying a withdrawal. A deposit you want back must be recalled by the end of the next business day.

Exit conditions2 clauses flagged

Clause 17.4 lets GTCFX withhold part of your credit balance on five grounds. One is a contingent liability you may have on any other account with GTCFX or any of its associates. Nowhere does the agreement give a time limit for paying a withdrawal.

Why this matters

You can be refused your own credit balance because an open position shows a paper loss, or because GTCFX says a dispute with you is unresolved. With no deadline written anywhere, a hold has no point at which it must end.

Exhibit 9WarningHarder than usual

When your account is in credit, you may request us to send you a cheque or effect payment by alternative means of the amount in credit of such amount as you may specify. But we may at our discretion withhold from the amount of the credit balance if:
Clause 17.4 in Terms & Conditions - GTC Global Ltd, p.24
Read from the broker's site on Open the reference

Buried at section 72 of 92 in the Terms & Conditions - GTC Global Ltd, 78% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA must pay a retail client's money promptly on request and may withhold it only on grounds they can justify. This agreement sets out grounds to withhold and no timescale for release.

GTCFX is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 16A withdrawal can be held while a document request runs, and that request carries its own power to suspend the account.

A deposit you want returned must be recalled by 23:59 UTC on the first business day after it shows as credited. Miss that, or place any trade meanwhile, and GTCFX treats the request as a withdrawal instead, under the agreement that sets no payment deadline.

Why this matters

Fund an account on a Friday and the door closes at the end of Monday. The refund route is quick and clearly defined, and the withdrawal route you fall into afterwards is neither.

Exhibit 10WarningHarder than usual1 working days

A client may request a Refund no later than 23:59 UTC on the first Business Day following the date on which the Deposit is shown as credited in MyGTC, unless the payment confirmation gives a longer period.
Clause 06 in Deposit and Refund Policy
Read from the broker's site on Open the reference

Where it sits: section 44 of 88 in the Deposit and Refund Policy, 50% of the way through.

What it costsA deposit credited on Monday must be recalled by 23:59 UTC on Tuesday. On Wednesday it is a withdrawal.

GTCFX can suspend your account for any reason while it investigates

Clause 15.5 lets GTCFX suspend an account pending investigation for any reason, and clause 15.6 promises only reasonable endeavours to finish within five business days. Being uncontactable is an event of default under clause 15.1. Running an automated system you did not declare lets GTCFX reverse the orders.

Suspension powers1 clause flagged

Clause 15.5 lets GTCFX suspend your account pending investigation for any reason. While suspended you can close positions but open no new ones. Clause 15.6 promises only reasonable endeavours to finish within five business days.

Why this matters

Being hard to reach is enough on its own: clause 15.1 makes it an event of default if you are not contactable for a period GTCFX considers reasonable, and that unlocks seventeen actions including closing all your positions.

Exhibit 15WarningHarder than usual

Without limiting our right to take action under Clauses 15.2, 15.3 and 15.4, we may in our sole and absolute discretion suspend your account pending investigation for any reason.
Clause 15.5 in Terms & Conditions - GTC Global Ltd, p.22
Read from the broker's site on Open the reference

Buried at section 69 of 92 in the Terms & Conditions - GTC Global Ltd, 75% of the way through.

Ten days to answer a document request, or the account is suspended

Clause 15.5 lets GTCFX suspend your account when it has not received, within 10 days of a written request, everything it believes it needs. The KYC policy lets GTCFX limit deposits, trading and withdrawals until it is satisfied. It also bars using a VPN to reach the service.

Document deadlines1 clause flagged

GTCFX can suspend your account when it has not received, within 10 days of a written request, everything it believes it needs. The KYC policy separately lets it restrict deposits, trading and withdrawals until it is satisfied, with no outer limit on that.

Why this matters

A request that arrives while you are away can cost you the account in ten days. GTCFX also says it need not tell you why, where explaining would breach a reporting restriction.

Exhibit 16WarningHarder than usual10 days

When we have not received within 10 days of a written request all information, which we believe that we require in connection with this Agreement.
Clause 15.5(c) in Terms & Conditions - GTC Global Ltd, p.23
Read from the broker's site on Open the reference

Buried at section 69 of 92 in the Terms & Conditions - GTC Global Ltd, 75% of the way through.

GTCFX is the counterparty to your trades and also calls itself an agency model

Clause 2.1 says GTCFX is the counterparty to all of your trades. Schedule 2 of the same contract says GTCFX runs an agency execution model and covers client positions with outside brokers. Clause 9.1 lets GTCFX quote different prices to different clients at its own discretion.

In plain words

On a principal basis, as your counterparty, means the broker takes the other side of your trade itself. Your loss is then the firm’s gain, so it has an interest in how your trade ends.

Who is on the other side1 clause flagged

Clause 2.1 says GTCFX deals with you as principal and is the counterparty to all of your trades, which means it holds the other side of your position. Schedule 2 of the same contract says GTCFX runs an agency execution model and covers client positions with outside brokers.

In plain words

Liquidity providers are outside banks and brokers.

Why this matters

You cannot tell from your own contract whether GTCFX profits when you lose. Clause 9.1 also lets it set your price at its own discretion and quote different prices to different clients.

Exhibit 13WarningHarder than usual

We will deal with you as principal and not as agent on your behalf. This means that any trades are agreed directly between you and us and we will be the counterparty to all of your trades.
Clause 2.1 in Terms & Conditions - GTC Global Ltd, p.2
Read from the broker's site on Open the reference

Where it sits: section 5 of 92 in the Terms & Conditions - GTC Global Ltd, near the start.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must publish a conflicts of interest policy and tell retail clients whether they deal on their own account. GTCFX publishes no conflicts policy, and its contract describes both models.

GTCFX is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Ten dollars a month starts four months after your last trade

GTCFX charges $10 a calendar month once an account goes 3 months without a trade or a rollover, under clause 6.7. The first charge lands in month 4. The fee stops at a zero balance and never puts you in debt, and after 6 years the money is treated as unclaimed.

In plain words

Dormancy means an account left unused.

Dormancy1 clause flagged

Leave an account without a new trade or a rollover for 3 months and GTCFX starts charging $10 every calendar month, under clause 6.7. The first charge lands in month 4. The fee stops before it pushes you into debt, which is more protection than most brokers give.

Why this matters

A small account left alone drains at $120 a year until nothing is left. Money still sitting there after 6 years counts as unclaimed, and you have to contact support to ask for it back.

Exhibit 8WarningHarder than usual$10

The monthly inactive account fee is US$10.00 per calendar month. This means that the first possible account maintenance fee (for inactive accounts) would be debited from your account 4 months from the last activity as defined above.
Clause 6.7 in Terms & Conditions - GTC Global Ltd, p.8
Read from the broker's site on Open the reference

Where it sits: section 24 of 92 in the Terms & Conditions - GTC Global Ltd, 26% of the way through.

What it costs$10 a month is $120 a year. A $300 balance left untouched is gone in two and a half years of fees.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Month 3No new trade and no rollover for 3 months in a row makes the account inactive.6.7
Month 4The first $10 monthly fee comes out of your balance.6.7
Balance below the feeGTCFX charges only enough to zero the balance and will not create a debt.6.7
Year 6Money still in the account counts as unclaimed and you must contact support about it.6.8

Six regulators on the page, and a Mauritius company on your contract

The GTCFX regulations page shows six licences under one brand. The UK one belongs to Global Markets Group Limited, footnoted there as affiliated through a common shareholder. You contract with GTC GLOBAL LIMITED in Mauritius, and no compensation scheme is named in any GTCFX document.

Licence badges1 clause flagged

GTCFX tells you client funds sit in segregated accounts at top tier banks. The risk disclosure adds the part the marketing leaves out: segregation does not guarantee your money if GTCFX fails and the segregated account is short, and you rank as an unsecured creditor.

Why this matters

No compensation scheme is named in any GTCFX document. If the company fails, segregation is what stands between you and the queue of ordinary creditors, and the risk disclosure says it may not be enough.

Exhibit 17NoticeStandard wording

It should also be noted that keeping your funds in a segregated client account does not offer or guarantee absolute protection of your funds in the event of our insolvency or default where there is a deficit in the segregated client account.
Quoted in Risk Disclosure Statement, p.2
Read from the broker's site on Open the reference
Our own capture of gtcfx.com, taken on Sep 15, 2026The claim, on About Us page, in the section on client fund safetyThis capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC belong to a statutory compensation scheme that pays retail clients up to a set limit if the firm fails. No GTCFX document names any such scheme.

GTCFX is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

The page promises your loss cannot exceed your balance, and the risk disclosure says you owe the shortfall.

Said in public, in English

Your maximum loss is capped at your account balance.

Client protection panel on the Global Regulation page, under a heading calling these controls regulator-mandated and audit-tested

In the contract

If the market moves against you, you may be called upon to pay a substantial additional margin at short notice. If you fail to do so within the required time, your position may be liquidated at a loss, and you will be liable for any resulting deficit.

02

Every method is advertised as free while the policy puts bank, network and conversion charges on you.

Said in public, in English

Zero fees charged by GTCFX on all deposits and withdrawals, across every method

Deposit and withdrawal page, beside a table listing every payment method as Free

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of gtcfx.com

In the contract · clause 05

Those charges may reduce the amount received or returned and are borne by the client unless mandatory law requires otherwise.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of gtcfx.com

03

The UK licence is displayed as GTCFX regulation while the terms say no licence reaches the entity you contract with.

Said in public, in English

Global Markets Group Limited* · FRN/License No. 744501

United Kingdom entry in the regulated entities list, footnoted on the same page as Affiliated through a common shareholder

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of gtcfx.com

In the contract

Each entity within the GTC Financial Group is a separate legal entity. A licence held by one entity does not extend to any other entity within the group.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of gtcfx.com

04

GTCFX recruits in Pashto while listing Afghanistan, where Pashto is an official language, under service restriction.

Said in public, in PS

له GTCFX سره نړیوالو بازارونو ته لاسرسی

Word for word in English: Access to global markets with GTCFX

Pashto homepage headline, above a button reading Open a real account

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of gtcfx.com

In the contract · clause Service Restriction

GTC Global Ltd does not provide services to residents of certain jurisdictions due to regulatory, compliance, and risk management policies.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of gtcfx.com

05

A full Vietnamese site invites accounts while Vietnam sits on the broker's own high risk list.

Said in public, in Vietnamese

Truy cập Thị trường Toàn cầu với GTCFX

Word for word in English: Access Global Markets with GTCFX

Vietnamese homepage headline, above the live account button

In the contract · clause List of High Risk Countries

GTC Global Ltd does not provide services to residents of certain jurisdictions due to regulatory, compliance, and risk management policies.

06

Segregation is sold as full protection and the risk disclosure says it guarantees nothing if the firm fails.

Said in public, in English

Subject to regulatory requirements, client funds are FSCA, VFSC, FCA, ASIC, and FSC, client funds are held in segregated accounts, ensuring comprehensive protection of rights and interests.

About Us page, in the section on client fund safety

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of gtcfx.com

In the contract

It should also be noted that keeping your funds in a segregated client account does not offer or guarantee absolute protection of your funds in the event of our insolvency or default where there is a deficit in the segregated client account.

The documents this reading is based on

9 files, all published by GTCFX. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording GTCFX publishes.

How this reading was done

Every clause above was read out of a document GTCFX publishes itself

This reading was published on .

Documents
9 of 9downloaded from the broker's site, and 9 read in full
Pages opened
32pages walked to find those documents, footer links included
Marketing pages
11public pages set against what the contract says
Languages
EN vs PS vs VIthe language it advertises in, against the language it contracts in
Position measured
13clauses whose position was counted: which numbered section of the document holds them, out of how many

Who the contract is with

GTC GLOBAL LIMITED

You contract with GTC GLOBAL LIMITED, a Mauritius company licensed by the Financial Services Commission there under GB22200292. The registration form on gtcfx.com ties its terms checkbox straight to that company's PDF. GTCFX is a brand spread across at least six companies. The website terms name a different one, GTC Global Trading Ltd in Anjouan, as operator of the international site, and that company's client agreement is not published. The UK company holding the FCA licence shown on the regulations page is Global Markets Group Limited, marked on that page as affiliated through a common shareholder.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

The three policies GTCFX publishes as web pages are better drafted than most of this industry, and they limit the firm's own discretion in writing. The deposit policy says no undisclosed administrative deduction may be applied to a refund, and states that nothing in it gives the company unrestricted discretion to retain client funds. The inactivity fee stops at a zero balance and never turns a credit into a debt. The card security rules are specific and protective: GTCFX tells you its own staff will never ask for a full card number, a PIN or a one time code.

This review covers all eight legal documents GTCFX publishes, in full, plus its Restricted Countries page. The client agreement for GTC Global Trading Ltd, the Anjouan company the website terms name as operator of the international site, is not published. The Complaint Handling Policy is named in two published policies and appears nowhere on the site. No terms govern the PAMM copy trading service. GTCFX publishes its contracts in English only, so no Pashto or Vietnamese contract exists to compare with its Pashto or Vietnamese marketing. No earlier version of any document is available for comparison.

How to check any of this yourself

Every quote above links to the GTCFX file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document GTCFX publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge GTCFX on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Sep 15, 2026.

If you represent GTCFX and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on GTCFX. Whether its licence is real and current is a separate check on the broker profile.

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