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2026 Annual Reviewv2026.2

2026 · Evidence audit

GCEX (GC Exchange) — institutional liquidity provider

GC Exchange Limited is authorized by the FCA in the UK and operates under tier 1 licensing. It also holds multiple licenses in Denmark, indicating regulatory oversight. The firm claims ultra-low latency and liquidity quality, which are self-measured and not independently verified.

GC Exchange Limited · London, UK · last re-checked 2026-09 · evidence score 80/100

01

Licence, read on the register

RegulatorLicence numberJurisdictionTierSource
FCA828730UKtier-1open source ↗
Danish FSA (Finanstilsynet)not verifiedDenmarktier-2open source ↗

Tier classification follows the same scale as the retail register: tier-1 = FCA/ASIC/CFTC-class supervision, tier-2 = CySEC/FSC-Mauritius/MFSA-class, tier-3 = offshore registration. A tier-2 licence is genuine supervision without an investor compensation scheme — never misread it as tier-1 protection.

02

What the firm commits to

Claims specific enough to be falsified — and the ones that remain the venue's own measurement.

A

Testable claims

  • GC Exchange Limited is authorised and regulated by the Financial Conduct Authority of the United Kingdom (FRN 828730), incorporated in England and Wales (No. 11382809), registered address 75 King William Street, London EC4N 7BE (gc.exchange footer)
  • GC Exchange A/S is authorised and regulated by the Danish Financial Supervisory Authority (Finanstilsynet) as a Crypto-Asset Service Provider under the EU Markets in Crypto-Assets Regulation (MiCA) and as a Currency Exchange (FTID 45020); GC Exchange Fondsmæglerselskab A/S is authorised by the Danish FSA as an Investment Firm for FX and CFDs (FTID 8347) (gc.exchange footer)
  • FCA register: GC Exchange Limited, reference number 828730, authorised for specific activities and product types (https://register.fca.org.uk/s/firm?id=0010X00004KPvBDQA1)
  • GCEX is a trading name of GC Exchange Limited, GC Exchange Fondsmæglerselskab A/S, GC Exchange A/S and GC Exchange FZE; rolling spot FX and CFD accounts are provided by GC Exchange Limited, digital asset spot and FX services by GC Exchange A/S (gc.exchange footer)
B

Claims we cannot verify from outside

  • 'Ultra-low latency' and liquidity-quality claims on gc.exchange are the firm's own marketing
03

Perimeter and coverage

Asset classesVenuesConnectivityClients acceptedExplicitly refused
Digital assets (spot), Rolling spot FX, FX, CFDsInstitutional and professional clients only (own site), Brokers (dedicated solutions-for-brokers offering: own exchange / brokerage technology)Retail clients (own disclaimer: 'not directed to Retail Clients')

A firm that publishes its own negative space — who it refuses, where it is not licensed — is materially easier to diligence than one that doesn't. The refusal list is treated here as a disclosure, not a defect.