GLOBAL CONSULTING GROUP LIMITED is a forex broker registered in Hong Kong on August 29, 2016. It primarily offers financial trading services in forex, commodities, stocks, and indices to investors, with its headquarters located in San Pablo City, Philippines. This broker does not provide services in jurisdictions where it may violate local laws or regulations, including but not limited to the United States, Canada, Israel, Belgium, Japan, and the Republic of Vanuatu.
Corporate Registration and Regulatory Status:
Previously known as “環球咨询集團有限公司,” GLOBAL CONSULTING GROUP LIMITED changed to its current name on January 9, 2018. The company's registered address is Office 5, 8/F, Mega Cube, 8 Wang Kwong Road, Kowloon Bay, Kowloon, Hong Kong, with a registration number of 2420856. The broker's official website does not disclose any regulatory information.
Upon verification, it was found that this broker does not possess a forex license issued by any official financial institution in any jurisdiction and lacks effective regulation, thereby operating unregulated. According to Whois, the broker's website domain was registered on August 20, 2020.
Account Opening:
In practical operations, Traderknows discovered that clicking on the account opening link provided by the broker does not properly redirect to the account registration page.
Account Types:
GLOBAL CONSULTING GROUP LIMITED offers three different types of real trading accounts: START Account, ECN CLASSIC Account, ECN PRO Account.
START Account:
- Minimum initial deposit: $10
- Spread: From 2.2 pips
- Base currency: USD, EUR, Nigerian Naira
- Commission: None
- Execution type: Market execution
- Maximum leverage: 1:1000
- Standard lot size: 10,000
- Minimum trade size: 0.01 lots
- Maximum trade size: 100 lots
- Margin call level: 100%
- Stop out level: 50%
- Islamic account (swap-free): Available
- Scalping, Expert Advisors, Hedging: Allowed
- Demo account: Available
- Bonus: Available
- Trading instruments: 28 forex pairs, 2 metals
ECN CLASSIC Account:
- Minimum initial deposit: $100
- Spread: From 1.1 pips
- Base currencies: USD, EUR, NGN, PLN, GBP
- Commission: None
- Execution type: Market execution
- Maximum leverage: 1:1000
- Standard lot size: 100,000
- Minimum trade size: 0.01 lots
- Maximum trade size: 100 lots
- Margin call level: 100%
- Stop out level: 50%
- Islamic account (swap-free): Available
- Scalping, Expert Advisors, Hedging: Allowed
- Demo account: Available
- Bonus: Available
- Trading instruments: 26 forex pairs, 2 metals, 2 commodities, 11 indices
ECN PRO Account:
- Minimum initial deposit: $500
- Spread: From 0.0 pips
- Base currencies: USD, EUR, NGN, PLN, GBP
- Commission: $8 per round turn
- Execution type: Market execution
- Maximum leverage: 1:500
- Standard lot size: 100,000
- Minimum trade size: 0.01 lots
- Maximum trade size: 100 lots
- Margin call level: 100%
- Stop out level: 50%
- Islamic account (swap-free): Not available
- Scalping, Expert Advisors, Hedging: Allowed
- Demo account: Available
- Bonus: Not available
- Trading instruments: 52 forex pairs, 6 metals, 2 commodities, 11 indices
Trading Platform:
GLOBAL CONSULTING GROUP LIMITED offers the MT4 trading platform to its users.
Deposits and Withdrawals:
GLOBAL CONSULTING GROUP LIMITED supports deposits and withdrawals through bank wire transfers, local bank transfers, MASTERCARD, SKRILL, PERFECT MONEY, FASAPAY, NETELLER, and BITCOIN TRANSFER.
Conclusion:
Traderknows reminds investors that FB SECURITIES is an unregulated forex broker. Traderknows advises investors to choose brokers with legal regulation and good reputation for investment and trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected of fraud" on Traderknows.
