GCG Asia Review

GCG Asia is a notorious ponzi scheme that has been attracting flak from its investors for a while now. Read about Darren Yaw here.
1.8/10 (Expert Score)
Product is rated as #31 in category Forex

GCG Asia claimed that they had  multiple account options, including PAMM, MAM, ECN and more, but its website did  not feature an account types section, nor discloses any trading conditions. GCG Asia does not hold a valid forex broker license in Malaysia or anywhere else it operated, informed sources dais.

The broker’s product portfolio includes nearly 30 currency pairs, CFDs on precious metals, energies and several cryptocurrencies – Bitcoin, Ethereum, Ripple, Dash, and Litecoin, said an online authority on such kind of financial services, Forex Brokers.

GCG Asia is nothing but a notorious ponzi scheme that has been attracting flak from its investors for a while now. Many of its investors argue that it’s a ponzi scheme run by Darren Yaw and have been trying to get the authorities to launch a detailed investigation. 

So far, there hasn’t been much progress.

But it doesn’t stop the consumers from raising their voices. GCG Asia is still going strong as the company has seen significant growth in the last couple of months. For example, its recent seminars have helped the company in gaining substantial fame in new markets, allowing the brand to attract more investors. 

On the other hand, Darren Yaw’s company has been brewing trouble. There was a buzz that Darren’s GCG Asia account had frozen. But the only platform that was talking about this event was the news portal he owns. The national news portal of Cambodia hadn’t brought it up for even once. 

“Switzerland’s financial markets and services regulator FINMA has blacklisted GCG Asia for conducting unauthorized activities in the country.”

Further online checks showed that the company was registered in China and was stamped ILLEGAL by WikiFX,  a third-party service provider for clients to inquire whether a Forex broker is formal, legal and real.

GCG Asia was reportedly shuttered in Indonesia in early May and Darren Yaw was said to be a wanted person in Indonesia for illegal trading in crypto currency and for defrauding unknowing investors.

🌐 Websiteguardiancapitalag.asia
🏠 CompanyGUARDIAN CAPITAL AG
📍 AddressBleicherweg 10, 8002 Zürich, Switzerland
📱 PhoneN/A
📧 Email[email protected]
⚖️ RegulationUnregulated, Blacklisted, Offshore, Scam
🚨 WarningNot Recommended Dukascopy Bank Denies Any Ties to Clone Firm GCG Asia
Darren Yaw GCG
Darren Yaw GCG

Using fake news and PR isn’t new to Darren. However, this is a cheap tactic and it should be called out whenever possible.

Anger and Frustration: How the Investors are Responding

Fighting GCG Asia Scam

While Darren Yaw is too busy making things difficult for his investors, they are not sitting still. Many of his victims have started joining hands. 

It’s vital that they come together to fight this scam. As it’s the only way to expose the wrongdoings of GCG Asia effectively. One of the best ways to do so would be to communicate through different channels: 

While Darren Yaw is too busy making things difficult for his investors, they are not sitting still. Many of his victims have started joining hands. 

It’s vital that they come together to fight this scam. As it’s the only way to expose the wrongdoings of GCG Asia effectively. One of the best ways to do so would be to communicate through different channels: 

An example of how consumers should be communicating with one another through social media

Here’s a discussion we found online where people were explaining how GCG Asia has been ripping them off through its fake Forex platform. According to one user, it doesn’t use the original MT4 trading platform. 

Instead, the company shows a rigged, fake MT4 trading platform to mislead investors. It allows them to keep most of their clients’ funds without facing any actual consequences. 

Furthermore, they discuss how the company has been laundering money through its shady platform and by transferring funds from the old investors to the new ones. Keep in mind that it’s not the first time and certainly not the last when allegations of money laundering has been made against GCG Asia. 

We found additional proof against Darren Yaw regarding these allegations as well. Look at the image below:

The person you’re looking at the CEO of the Dukascopy Bank. The Dukascopy Bank is a Swiss bank notorious for allowing the corrupt and the crooks to store their shady funds. 

What does it mean? 

It means Darren Yaw has been saving his funds in the Swiss bank for a while. Swiss banks like the Dukascopy Bank allow their customers to keep their funds away from the legal jurisdiction of their governments. 

So, even if the the Indonesian government takes any action against Darren Yaw, his money would be kept safe in his Swiss bank accounts. 

We found people discussing this connection in online forums as well. 

Another proof is the video below: 

This is one of the many promotional products GCG Asia used to market itself in the Chinese market. Notice the brief mention of Dukascopy in the branding? Obviously, Darren has scammed investors in China, just as he has in other countries.

The Chinese connection of this company is another huge red flag. Below is a video of Elvin Tey, the MJ Life CEO who held a seminar for GCG Asia in China: 

Their website can be found at : guardiancapitalag.asia It is also important to mention that this broker is: Unregulated, Blacklisted, Offshore, Scam

Traders Opinion

Protect yourself from GCG Asia

BEWARE OF DARREN YAW AND GCG ASIA

The first step to protecting yourself from fraudulent parties online is to do thorough due diligence on the companies and entities that you are planning to send the funds to. In all probability, there have been other users who have already used the same service, and have expressed their opinions and feedback online on various forums.

After conducting some research on various social media platforms (Facebook, Twitter, Instagram), as well as online trading forums, a general theme emerged where users were dissatisfied with their experience with GCG Asia. Based on this user feedback, it appears that GCG Asia is not a trustworthy broker, and hence, extreme caution should be applied before investing through their brokerage platform.

There are a lot of brokers out there operating under fake company names or that have other fraudulent operations. A little bit of preliminary research can go a long way in protecting you and your finances.

Is GCG Asia Legit or a Scam?

More information on GCG Asia Scam

When searching for brokers to conduct your trading activities with, the first and most important step should always be to learn about their certification(s). This will tell you whether they are regulated by a central authority or if GCG Asia is an offshore and/or unregulated entity.

Using seminars is a novel tactic of such scams to seem credible. It enables these companies to give the illusion that they know a lot about their industry. While, in reality, they are only putting on a show to rip off unsuspecting consumers. 

Clearly, the marketing efforts of GCG Asia have been failing miserably at keeping their victims silent. The posts we highlighted earlier in the article are proof that many people have had it enough with the shady operations of this ponzi scheme. 

That’s not all, however, We found additional proof that GCG Asia is a scam. In fact, we are certain that Darren has been lying about his professional history and qualifications for a long time. 

When a broker is unregulated or regulated by an entity outside of your jurisdiction, you have limited to no legal recourse in the event that your funds are compromised. In an event of theft, complaints can only be made if that broker is licensed by the regulator in your jurisdiction. Some examples of regulatory authorities that issue brokerage licenses are:

  • The Cyprus Securities and Exchange Commission (CySEC)
  • The Financial Conduct Authority (FCA)
  • The Australian Securities and Investments Commission (ASIC)

Fake Awards and Degrees of Darren Yaw

Darren Yaw – The mastermind

In our investigation, we found additional proof on how Darren Yaw has been lying to the people for a long time. 

His company boasts of having received a ton of accolades and awards. But, if you take a closer look at these accolades, you’d notice that they don’t mention the authority who has given the award. 

All you see is the title “Best PAMM Service Broker” but not the name of the organization which gave the award to GCG Asia. Certainly, Darren has been using fake awards to pull wool over his investors’ eyes. 

One user sent us this image to showcase how much anger has been brewing among GCG Asia victims. They have been sharing their experiences with each other online in order to help empower the fight against Darren Yaw. 

Consumers have been discussing the ways GCG Asia has operated its scam for so long and how it has been trying to get away with its shady activities. 

The university has no RA or NA accreditation in the US and its engineering programs do not have ABET accreditation. This is a huge red flag because it means Darren is even lying about his qualifications! 

All of this indicates that GCG Asia is in deep trouble. The company should prepare itself because a storm is brewing and its shady marketing wouldn’t help it for one bit. 

Darren boasts of having a degree from a prestigious US-based university. If you take a close look at his certification, you will notice that the name of his college is Camden University. 

A simple Google search reveals that Camden University is unaccredited in the US and thus, its degrees have questionable validity. 

Got Scammed by GCG Asia?

Where to get your money back

If you have lost money with GCG Asia, don’t panic. You are not the first and you likely won’t be the last. Mistakes can happen even with the most cautious of investors, and should be used as a learning opportunity.

The good news is that there is help available. The team at MyChargeBack – a specialist group dedicated to helping consumers recover funds lost online – is available 24/7 and has helped consumers all over the world recoup millions of dollars.

Review GCG Asia

User’s and Editor’s scores

1.5Expert Score
Definitely a Scam

Bank of China (Hong Kong) had issued a strongly worded statement distancing itself from GCG and said it was never affiliated nor collaborated with GCG Asia in any form.

Credibility
2
License
1
Returns
3
Future Prospect
1
8 Comments
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  1. The MT4 platform on GCG Asia is completely rigged. I don’t know how can they even get away with such cheating. The platform doesn’t show legitimate returns. They take your money and then laugh at you. Horrible people just horrible

  2. Reply
    Victim of GcG asia August 5, 2021 at 4:42 pm
    0.7
    Design
    20
    Price
    10
    Quality
    10
    Innovation
    10
    Usability
    20

    GCG Asia is a big scam! I had deposited my money there a while ago and it is not letting me withdraw. The customer service does not reply either. It promises to solve the issue but it never does.

    - CONS: Scammer
    Helpful(0) Unhelpful(0)You have already voted this
  3. Great! Finally something is being done about this matter.

    Darren thinks he can get away with this but he is wrong. People don’t stay silent on problems like this. They will go behind him and do justice. Enough is enough

  4. Time to bring this entire company down. Who do they think they are?

    GCG Asia is trying to silence their critics by marketing but that would not work anymore .

    I am happy somebody pointed out his fake degrees. His degrees are fake just like his promises.

  5. Fake degree, fake awards, fake promises. There is nothing but lies in GCG Asia. Sad.

  6. I am happy to see this post but sadly it would not achieve much. GCG Asia has already made it clear that it doesnt’ care about its customers. All it cares about is keeping its wallet full and the owners happy. The only reason why people are mad at this company is because of its poor customer service. I am hopeless now.

  7. All these people do is lie and lie. I am done with their false promises. Just google GCG asia reviews and you will see so many people who have lost their savings and earnings because of this terrible company.

  8. Can someone help me get my money back from this company? They took my $1,000 and haven’t done anything to resolve the issue? Please, I am in serious need of these funds.

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