Terms & Policy

  • Privacy Policy

    Overview
    GCFX (hereinafter – “GCFX”, “we”, “our” or “us”) notifies you that your privacy is important to us. Maintaining the confidentiality of your personal data is a core principle of our entire business operations. During the rendering of services, we gather, collect and possess certain private information/personal data of yours. This is why we would like to inform you about the following privacy policy that is applicable to you while receiving or applying for any of our services. Please note that this policy is only applicable to websites directly maintained by GCFX and not to the other entities or persons to whom we might refer through banners or links within our websites.
    Information collected
    While receiving or using any of our products/services, the following data about you shall be collected and processed for administrative, service related and/or legal purposes:
    • Personal data, such as names, residential address, e-mail address, etc. according to our Know Your Client (KYC) Policy;
    • Financial data, such as records concerning your trade activities, account status, balance, etc.
    Your personal data is archived and secured in accordance with the legislation on the protection of personal data and its processing of the jurisdiction where GCFX’s principal place of business is located.
    Cookies
    GCFX websites contain cookies that ensure wider usage possibilities for the websites. Cookies can be rejected using the technological features of your browser; however, this is not advisable, as doing so will interfere with your use of GCFX websites.
    DoubleClick
    DoubleClick: We use Google Analytics remarketing codes to log when users view specific pages or take specific actions on a website. This allows us to provide targeted advertising in the future. If you do not wish to receive this type of advertising from us in the future, you can opt out using the DoubleClick opt-out page or the Network Advertising Initiative opt-out page.
    Use of information
    We use your personal information only to deliver you high quality service and secure our lawful interests. For example, we will use the information collected from you to verify your identity and contact information. We may also use this information to establish and set up your service account, issue an account number and a secure password, maintain your account activity, and contact you with account information. This information helps us improve our services to you and inform you about additional products, services or promotions that may be of interest to you.
    Disclosure of personal data
    GCFX has executed all the reasonable and necessary measures in order to maintain a high level of security of your personal data. Our employees, directors, officers and/or representatives are obliged to respect your privacy and your personal data may only be disclosed to third parties when appropriate legal grounds exist. Please be notified that we may disclose your personal information such as name, address, e-mail address, etc. to third parties authorized by GCFX and/or recognized by us on the grounds of established contractual relations. We may transfer your personal data to associated or affiliated companies, agents or other authorized organizations or persons in order to execute your direct or indirect instructions concerning the use of GCFX services. We guarantee that all persons described herein adhere to the terms of current policy and execute reasonable measures to protect your privacy. Notwithstanding, we may disclose your personal data to third parties which have not established contractual relations with GCFX on the grounds of their authority and their official status.
    Your rights
    You have the right to request us to reveal the personal data we hold about you. In this case we may charge a reasonable fee. You also hold the right to know what kind of personal data about you is in our possession, the right to change any inaccuracies or discrepancies of the data, the right to know about the use of your data and the right to block the use of it if your privacy is violated. You may exercise these rights by submitting a written request to GCFX via e-mail – info@gcfxholdings.com
    How to correct your information
    You may also modify your personal information using your Trader Room within our website. If you have any questions or concerns, please do not hesitate to contact us.
    Opt-out
    You are not required to supply us any of the personal data against your will; however, it may result in our being unable to provide services to you. As it is important to us that all of your private information is accurate, complete, and up to date, in accordance with your interests you should promptly notify us if there are any changes to your personal information. Also you may approach us in case you want to delete your personal data within GCFX systems. Please see above for contact information.

  • Anti-Money Laundering Policy

    INTRODUCTION
    This document describes GCFX policy and commitment to the detection and prevention of any money- laundering or terrorism financing activity within the products and services offered by GCFX to its customers.
    DEFINITION
    “Money Laundering” is the participation in any transaction that seeks to conceal or disguise the nature or origin of funds derived from illegal activities such as, for example, fraud, corruption, organized crime, or terrorism etc. Predicate offences for money laundering are defined by national law. The money laundering process consists of three stages:
    • Placement. Physically depositing cash into banks and non-bank financial institutions such as currency exchanges; converting cash into other financial instruments such as by purchasing monetary instruments (travellers’ checks, payment orders); or using cash to purchase high-value goods that can be resold. Launderers often seek to deposit cash into banks in countries with low financial market regulation demands and then transfer these funds to banks in regulated environments as “clean”. Smurfing - a form of Placement where the launderer makes many small cash deposits instead of a large one to evade local regulatory reporting requirements applicable to cash transactions;
    • Layering. Separating the proceeds of criminal activity from their source through the use of layers of financial transactions (multiple transfers of funds among financial institutions, early surrender of an annuity without regard to penalties, cash collateralized loans, L/Cs with false invoices/bills of lading, etc.) to disguise the origin of the funds, disrupt any audit trail, and provide anonymity. Launderers want to move funds around, changing both the form of the funds and their location in order to make it more complicated for law enforcement authorities to trace “dirty” money;
    • Integration. Placing the laundered proceeds back into the economy in such a way that they re- enter the financial system as apparently legitimate funds.
    This Policy is supported by a set of programs covering the implementation of the following areas:
    • The adoption of a risk-based approach;
    • Know Your Client (KYC) Policy and Customer Due Diligence;
    • Customer activity monitoring;
    • Record Keeping.

    THE ADOPTION OF A RISK-BASED APPROACH
    Identification of the money laundering risks of customers and transactions allow GCFX to determine and implement proportionate measures to control and mitigate these risks. Used risk criteria are the following:
    COUNTRY RISK
    In conjunction with other risk factors, provides useful information as to potential money laundering risks. Factors that may result in a determination that a country poses a heightened risk include:
    • Countries subject to sanctions, embargoes or similar measures;
    • Countries identified by the Financial Action Task Force (“FATF”) as non- cooperative in the fight against money
    • Laundering or identified by credible sources as lacking appropriate money laundering laws and regulations;
    • Countries identified by credible sources as providing funding or support for terrorist activities.
    CUSTOMER RISK
    There is no universal consensus as to which customers pose a high risk, but the below listed characteristics of customers have been identified with potentially heightened money laundering risks: • Armament manufacturers; • Cash intensive business; • Unregulated charities and other unregulated “non-profit” organizations.
    SERVICES RISK
    Determining the money laundering risks of services should include a consideration of such factors as services identified by regulators, governmental authorities or other credible sources as being potentially high risk for money laundering.
    KNOW YOUR CUSTOMER AND CUSTOMER DUE DILIGENCE
    GCFX is an on-line operating brokerage company and therefore business relationships between the company and its customers are not established on a face- to-face basis. For customer identification purpose GCFX uses electronic data brokers (linked with other in-house checks e.g., identifying duplicate accounts, confirming ownership of bank accounts etc.) to provide identity verification. This will be used to determine and document the true identity of customers to obtain background information on customers as well as purpose and intended nature of their business to us.
    GCFX shall obtain and document any additional customer information, commensurate with the assessment of the money laundering risk using Risk Based Approach.
    GCFX shall identify whether the customer is acting on behalf of another natural person or legal entity as trustee, nominee or professional intermediary. In such case obligatory precondition of customer serve is receipt of satisfactory evidence of the identity of any intermediaries and of the persons upon whose behalf they are acting, as well as the nature of the trust arrangements in place.
    CUSTOMER ACTIVITY MONITORING
    In addition to conducting initial customer due diligence it is GCFX policy to continue to monitor customer activity with a view to identifying any suspicious (or fraudulent) behaviour. The system of monitoring that has been implemented relies on both automated monitoring and, where appropriate, by manual monitoring of transactions by the staff of GCFX and any outsourced service provider. A series of status fields has been applied to customer accounts indicating their profile within the system, which assists automated monitoring.
    GCFX has implemented a regulatory and legally compliant suspicious activity reporting process and procedure that will enable all staff to make a report to the Money Laundering Reporting Officer (MLRO) where they know, or they suspect, or they have reasonable grounds for knowing or suspecting that a person is engaged in money laundering or terrorist financing. This includes three stages to this process:
    • All personnel must be diligent in monitoring for any unusual or suspicious;
    • The reporting of suspicious transactions/activity must comply with the laws/regulations of the respective jurisdiction;
    • Money Laundering Reporting Officer (MLRO) must be informed about all suspicious transaction/activity on a monthly basis.
    RECORD KEEPING
    Records must be kept of all documents obtained for the purpose of customer identification (KYC policy requirements) and all data of each transaction as well as other information related to money laundering matters in accordance with the applicable anti-money laundering laws/regulations. That includes files on suspicious activity reports, documentation of AML account monitoring, etc. Those records must be kept for a minimum of 5 years.

  • Risk GCFX

    1. HIGH RISK INVESTMENT
    1.1. Trading Forex/CFD & Options on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite.

    1.2. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.

    1.3. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial advisor if you have any doubts.

    1.4. All accounts are margin leveraged accounts. Clients must maintain an adequate amount of margin to sustain their positions, if equity levels drops to 50% of used margin, a margin call will occur. It is the investor’s responsibility to maintain a sufficient level of margin.
    2. GCFX OPINIONS
    2.1. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice.

    2.2. GCFX will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
    3. INTERNET TRADING RISKS
    3.1. There are risks associated with utilizing an Internet-based deal execution trading system including, but not limited to, the failure of hardware, software, and Internet connection.

    3.2. Since GCFX does not control signal power, its reception or routing via Internet, configuration of your equipment or reliability of its connection, we cannot be responsible for communication failures, distortions or delays when trading via the Internet.

    3.3. GCFX employs back-up systems and contingency plans to minimize the possibility of system failure and trading via telephone is GCFXilable.
    4. ACCURACY OF INFORMATION
    4.1. The content on this website is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.

    4.2. GCFX has taken reasonable measures to ensure the accuracy of the information on the website, however, does not guarantee its accuracy, and will not accept liability for any loss or damage which may arise directly or indirectly from the content or your inability to access the website, for any delay in or failure of the transmission or the receipt of any instruction or notifications sent through this website.
    5. DISTRIBUTION
    5.1. This site is not intended for distribution, or use by, any person in any country where such distribution or use would be contrary to local law or regulation.

    5.2. None of the services or investments referred to in this website are available to persons residing in any country where the provision of such services or investments would be contrary to local law or regulation.

    5.3. It is the responsibility of visitors to this website to ascertain the terms of and comply with any local law or regulation to which they are subject.
    6. MARKET RISKS AND ONLINE TRADING
    6.1. The trading platform provides sophisticated order entry and tracking of orders.

    6.2. GCFX will make best efforts to fill your trade at the price requested.

    6.3. Trading on-line, no matter how convenient or efficient does not necessarily reduce risks associated with currency trading.

    6.4. All quotes and trades are subject to the terms and conditions of the Client Agreement accessible through this website.