COUNTERPARTY FILE · last re-checked 2026-09
GCEX (GC Exchange) — institutional liquidity provider
GCEX operates with certain unverified claims and lacks full transparency on some regulatory details.
Licence, read literally
| 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.
Residuals a counterparty carries
Unpublished Danish FSA number
The Danish FSA number for GC Exchange A/S is not published.
Source: firm disclosures page
Self-measured claims
GCEX claims ultra-low latency and liquidity quality, which are self-measured.
Source: firm disclosures page
The 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 disclosure, not as a defect.