STUDY RECORD · last re-checked 2026-09
GCEX (GC Exchange) — institutional liquidity provider
GCEX operates under the regulatory oversight of the FCA in the UK and the Danish FSA, indicating a commitment to compliance. The firm serves only institutional and professional clients, explicitly excluding retail clients. Notably, it claims ultra-low latency and high liquidity quality, which are self-measured assertions that should be approached with caution.
GC Exchange Limited · London, UK · evidence score 80/100
Licence, read on the register
| Regulator | Licence number | Jurisdiction | Tier | Source |
|---|---|---|---|---|
| FCA | 828730 | UK | tier-1 | open source ↗ |
| Danish FSA (Finanstilsynet) | not verified | Denmark | tier-2 | open source ↗ |
Tier classification follows the same scale as the retail register: tier-2 means real supervision and client-money segregation, without an investor compensation scheme — never misread it as tier-1 protection.
What this record teaches
Four reading skills, each anchored to something the firm actually published.
- 01 — Teaching pointGCEX operates under tier 1 FCA and tier 2 Danish FSA licenses.
- 02 — Teaching pointIt serves institutional and professional clients, refusing retail clients.
- 03 — Teaching pointNo specific venues or connectivity options are published for trading.
Claims ledger
Claims specific enough to be falsified — and the ones that remain the venue's own measurement.
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)
Claims we cannot verify from outside
- 'Ultra-low latency' and liquidity-quality claims on gc.exchange are the firm's own marketing
Perimeter and coverage
| Asset classes | Venues | Connectivity | Clients accepted | Explicitly refused |
|---|---|---|---|---|
| Digital assets (spot), Rolling spot FX, FX, CFDs | Institutional 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.
Self-check
Answer these before you consider the record read. If you cannot, re-read the licence and the claims ledger — the answers are all in what the firm published.
- What types of clients does GCEX serve according to its licenses?
- Which regulatory authorities oversee GCEX's operations in the UK and Denmark?