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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Also, earlier this year, Swiss Bank Dukascopy has warned against GCG Asia. In the announcement, Dukascopy Bank cautioned that neither it nor any entities of Dukascopy Group have relations with GCG Asia, although the latter fraudulently claims the opposite: “GCG Asia is fraudulently using Dukascopy’s name and logo for attracting clients/investors, without Dukascopy Bank’s permission. 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 ... 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 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. 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.
20/05/2019 2:13 PM - 2019/05/20 " Official Announcement GCG ASIA " Official Announcement 91 77087 884449 819088 2938 SELVARAJ A " 1. In order to apologize for the recent incident that happened in ... SLIENT TRADE FOR JOIN IN PLATFORM FOREX GCG ASIA FOREX 14%@[email protected] SEMINGGU BOLE CALL SAYA 1PROFILE 2 MT4 RUNNING PROFIT SHARING DARI 50/50 Fairus 0127384880 MIN MODAL USD1500. Bisnis GCG Asia , GCFX adalah Pengelolaan akun trading forex dalam PAMM System, seperti Copytrading, yang menghasilkan profit range kisaran 25~40% 1 bulan Gross profit dengan Teknik Double Hedging ...