so my friend joined this thing called GCG Asia. it seems that it is a forex broker (idk if I got the term right). my question is, is it legit? cause they promise you something like 30%-50% return per month, (and something crazy like 100% return a month recently) require $250 to join, have a kind of seniority system, (like MLM, where you earn more if you have people under you), you have to deposit your investment in an account, and they told you that your money is not guaranteed. meaning it could be lost at anytime. they don't seem to mention how much. also, there's not much info from google. I think that it is sketchy as fuck. because there is news about people doubting their legitimacy, my friend said that the GCG Asia leader got caught in the Philippines recently because of him posting a picture with their president, they are moving to set up offices in countries (I assume to cement their legitimacy). Idk, I am new to investment stuff. idk how any of this works. is it actually legit? that every small company has these stages? If not, what is the best thing to invest in? I am still young, and want to invest early.
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GCG is an Australian forex broker and market maker that does not share much information about its trading conditions on its website and the situation with the companies associated with the GCG brand seems confusing. It appears that it acts as an authorized representative of an ASIC-regulated entity. GCG 24 (Global Consulting Group) is an unlicensed Forex broker that is owned by FM Consulting.. GCG 24 shows an address of: Suite 305, Griffith Corporate Centre Beachmont Box 1510 Kingstown, St. Vincent and Grenadines. 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 ... FOREX.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826). Forex trading involves significant risk of loss and is not suitable for all investors. Full Disclosure. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. GCG Asia is a Forex brokerage supposedly based in Switzerland. It provides clients with the MT4 trading terminal and a generous leverage of up to 1:100. However, the selection of financial products is quite poor and we couldn’t see a spread on EUR/USD through a demo account. The required minimum deposit is also not stated.
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