Financial regulation provides the ethical and
legal framework for financial operations. Regulators act to protect traders’
best interests against bad actors, ensuring they do not risk losing their
capital to fraudsters. At the end of 2024, the US Federal Trade Commission
pointed out that digital fraud accounted for losses of over $47.8 billion, up
15%. Forex and CFD brokers are not spared the hassle.
To reduce such risks as much as possible,
brokers must continue to employ strict encryption protocols and compliance
standards that also raise the bar for data privacy. GCC
Brokers is one of the regulated brokers that puts traders first.
Regulated and licensed by the Financial
Services Commission (FSC) of Mauritius, GCC Brokers currently offers its CFD
trading services to more than 25,000 traders worldwide. Counting among the most
sought-after licenses, this regulatory umbrella allows the broker to provide
its services not only in Mauritius but also globally.
The
importance of holding an FSC license
Established under the Financial Services Act
of 2007, the FSC is responsible for overseeing and licensing the operations of
businesses in the financial sector, including banking and non-banking
institutions such as GCC Brokers.
Since its humble beginnings in 1992,
Mauritius’ financial services sector has grown into one of the main pillars of
the country’s economy. The financial industry has seen significant expansion in
the Eastern African region, providing access to increasingly sophisticated
products and services that have been an essential driver of foreign investment
and growth in the area.
Mauritius’ transparent and even tax system
that keeps the rate at 15% for both individuals and businesses has been the
major engine of prosperity in the country. In this context, financial services
providers like GCC Brokers have found a pristine land for expansion.
“Obtaining the FSC license was a pivotal
milestone on the GCC Brokers’ roadmap. It offered us the legitimacy we needed
to provide our services in East Africa and beyond. Yet, this is only the
launching board for further expansion into MENA and Southeast Asia. As we plan
to strengthen our global footprint, we seek additional licenses in these
regions as well”, said Youssef Bouz, Operations Manager.
In light of its regulation, GCC Brokers places
great emphasis on traders’ fund protection. To ensure its clients’ funds are
kept safe in segregated accounts. By maintaining segregated accounts with
top-tier banks around the world, GCC Brokers keeps clients’ capital safely
outside the reach of malicious intervention and separated from its own business
capital.
Beyond being compliant, by safeguarding client
funds in segregated accounts, GCC Brokers also guarantees traders have
immediate access to their funds whenever they need.
Additionally, the broker upholds the highest
standards of transparency and accountability, which is evident in every aspect
of its offering. All pricing information, including spreads and commissions, is
overtly displayed on the website for all account types. This allows traders to
make informed decisions right from the moment they sign up.
Decision-support tools, including an economic
calendar and a wide array of indicators available via the broker’s MT5
platform, allow traders to spot opportunities with greater precision.
Promoting a risk-conscious approach, GCC
Brokers takes every opportunity to remind traders about the risky nature of
trading derivatives by including clear risk warnings in every communication.
This coupled with risk management tools like Stop Loss and Take Profit, further
enhances traders’ ability to mitigate risk and protect their capital.
Freedom
of choice
Aside from transparent pricing and risk
management, GCC Brokers walks the extra mile to make sure its traders are
well-informed about the markets and never miss a beat. The broker’s social
media channels offer traders the right mix of educational content, including
definitions of the most widely used trading terms and insights into fundamental
and technical analysis, as well as breaking news and impactful economic
releases explained in simple terms.
This equips traders with just the nuggets of
information they need to navigate the financial markets. Traders can access
1,000+ CFDs on Forex, metals, commodities, indices, cryptocurrencies, shares,
and futures across the Standard, Pro, and Raw account types.
With as little as $25 (minimum deposit for the
Standard account), anyone can unlock these opportunities. “Traders should have
access to cost-effective opportunities, no matter where they are in the world
or how much they’re willing or able to invest”, Mr. Bouz added.
By offering traders seamless access to a wide
range of CFD instruments at a low cost and no hidden fees, GCC Brokers
democratizes online trading, creating new opportunities for everyone,
everywhere. As it continues to strengthen its operations in MENA and expand in Southeast Asia by acquiring new licenses in these
regions, the broker aims to establish itself as the go-to source for trading
information and cost-effective financial services.