When it comes to actually trading on the GCI Financial platform, two main options are provided. Firstly, you can use the proprietary trading platform developed in-house by GCI Financial—the ICTS trading platform. Or secondly, you can opt to use the MetaTrader 4 platform that is a familiar site across the industry.

I think that, this is very good forex broker for bgneenirs. Small account size (from 5$), regulated in European Union, metatrader 4, iphon and android apps, affiliate program. GCI Financial is not the smallest Forex broker but that doesn’t mean that it’s a reliable one. At all the big forex review sites you only hear bad things about GCI Financial and this is something that concerns a lot of traders. Either these sites call GCI Financial a scam or say that you should be very cautious when dealing with them.

Any opinions, news, research, predictions, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. FX Trading Revolution will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information. Firm offers products that have performance-based fees; the managers of those products may be incentivized to take inappropriate risks to beat their performance benchmark. Firm offers mutual funds that carry 12b-1 fees, which increases the total annual cost of owning the fund .

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In developed countries such as US and Australia swap rates are very much bound to reference rates from central banks. A 7.25% change would indicate a century world crisis. Kindly note that your GCI does not send monthly or annual statements. Please read GCI Trading Reviews below and share your live trading experiences with this broker.

https://traderoom.info/ Financial a zero commissions broker, and provide relatively low spreads with similarly low margin requirements. GCI Trading’s customer support team can be reached in real-time via live chat, telephone, or email. The professional team is available 24/5 and offers multilingual support in English, German, Spanish, French, Turkish, Russian, and Arabic. The trading platforms are described as user-friendly, intuitive, and customizable, with charting tools and news, analysis reports, and financial calendars.

• Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.
• Some traders lost thousands of dollars due to these adjustments are not happy about it to say the least.
• You must speak to your account manager and seek clarifications if you are not sure of anything.
• Any of the above scenarios may be the case with GCI Financial.
• This website is using a security service to protect itself from online attacks.

If this happens, report to ChargeBax right away and we will guide you on your next steps. We don’t like accusing brokers of being fraudulent or jumping to false conclusions. ReportScamOnline now considers GCI Financial to be operating an online scam. We recommend that our readers not trade with this broker and if you have an open account with this company, we suggest you try to withdraw your funds as soon as possible.

GCI Trading Review

Having a broker that provides a wide range of assets allows you to increase your chances of making a profit and fortunately, GCI Financial has a total of 283 tradable assets to offer. Such a number will certainly give you more opportunities to find an asset which you are most comfortable to place your investments and convert them into sizable revenues. GCI Financial deposit and withdrawal methods are not many.

gci financial review offers Forex and CFD trading on the popular MetaTrader 4 trading platform where they can trade directly from charts. Among the benefits of this platform are fractional lot capabilities, the ability to program trading signals, and unlimited charts and technical indicators. MetaTrader is ideal for novice traders and professionals alike.

Firm or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located. 100% Deposit Bonus - Receive a 100% Bonus on Deposits (Max Bonus $5,000).

Traders benefit from direct access to deep liquidity and interbank pricing and execution. ECN trading uses inter banks prices and spreads with no commissions and straight through processing with banks liquidity. The MetaTrader Account offers a wider product range and the use of the MetaTrader software platform. While default lot sizes are 100,000 currency units, traders can select as little as 0.10 lots to transact. Unlimited charting and programmable trading signals are among the features offered in GCI's MetaTrader account.

GCI Financial is a forex and CFD broker who prides itself on offering industry-leading trading conditions through advanced trading software. And with over eighteen years in operation, GCI Financial is one of the more established players in an increasingly crowded market. The full list of spreads for each currency pair is available on the broker’s website. Hence, although no deposit bonuses are a great way to help you start trading, the terms to benefit from it often require trading with such a high volume before you can withdraw profits, that it may not be worthwhile.

•Low margin requirements.GCI provides access to Forex, share, and index trading with margin requirements of 0.5% on Forex, 1% on Share Indices, and 5% on individual shares. •Product Offerings.In addition to Forex, GCI offers trading in indices, shares, and commodity CFDs, as well as options on most products. With all this said, opening an account with GCI financial is a relatively low-risk decision to make.

GCI Financial Broker Review 2021

We recommend taking a look at our reliable forex broker instead. As a financial advisory firm, GCI Financial Group can provide a variety of financial planning services for Americans. Financial advisors help you achieve your life goals, such as saving for retirement, by creating a comprehensive financial plan and managing your investment portfolio (e.g., stocks, ETFs, mutual funds, bonds). Firm actively engages as insurance brokers or agents, or they are affiliated with an insurance company or agency.

Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

Firms having met these requirements may further elect to participate in the investor.com Certification program for an annual fee paid to investor.com. Read through our introductory course to financial advisors. The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules. In the past ten years, firm or an advisory affiliate has been convicted of or pled guilty or nolo contendere ("no contest") in a domestic, foreign, or military court to a felony. Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC.

If this is not granted, contact ChargeBax right away. GCI Financial has been called out for not having adequate licensing. Any of the above scenarios may be the case with GCI Financial. The bottom line is that this broker does not have an adequate license.

Deposit Bonus - Receive a 100% Bonus on Deposits (Max Bonus $5, . Bonus credited after required lots are traded. - Traders Way

With almost twenty years’ experience behind it, and numerous industry awards to their name, there are few brokers with the same reputation in this space as GCI Financial have. Tickmill continues to grow from strength to strength by offering traders just what they need to be successful in the markets. As with the research tools, GCI Trading also offers a comprehensive education section on its website under the link Education and Resources. It includes items such as trading strategies and decision making, controlling risk, an overview of the forex market, and a helpful glossary of words. Forex trading, or currency or FX trading, involves the currency exchange market where individuals, companies, and financial institutions exchange currencies for one another at floating rates.

The client’s funds are held in segregated accounts at top-rated banks. GCI maintains a balance sheet with Net Capital more than most minimum regulatory requirements, and clients earn 4% interest on their deposits, whether it is in EUR or USD. Execution-only brokers, which do not involve in personal investment advice and give traders complete control over how they trade the markets, usually charge lower commissions. Commissions are the charges imposed by an investment broker on a trader for making trades on the trader’s behalf. The level of commissions depends on the asset being traded and the type of service offered by the broker. I have live account to gci trading, last three days i am trying to get hold of them but no one answers, i need help.

GCI also offers Forex and CFD trading on the popular MetaTrader 4 trading platform. Trading directly from charts, fractional lot capabilities, the ability to program trading signals, and unlimited charts and technical indicators are among the many benefits. MetaTrader4 is ideal for novice traders and professionals alike. All major currency orders are filled directly in the Interbank market, with no dealer intervention or delays.

The funds are transferred either by bank transfers or an e-wallet – Perfect Money. Deposits can be made by the GCI account holder only. Besides, the company was previously regulated by the Belize IFSC, yet withdrew its license and is not regulated by any authority. Moreover, there were warning against the company by some of the authorities, as well as negative feedback from many investors with cases to withdraw money. A financial glossary is available and an ebook on the most beneficial use of their two trading accounts can be downloaded. In addition to the video tutorials and a free trading demonstration, the broker offers lengthy textual lessons on a host of subjects such as Forex Markets, Risk Management and others.

Their online support is not great but so far my account manager has answered all my questions. You can visit our feedback page to see what some of our satisfied clients have to say about our services. We’d also be happy to answer any questions you may have by email or through our Live Chat. Their staff deliver modern banking solutions tailored to the needs of their individual clients. GCI Financial has been flagged for having a negative reputation. This is not just due to negative customer reviews, but includes notifications from regulators and GCI Financial may have had been the subject of poor press coverage.

Although the graphics are few, the text is easy to read and is neatly outlined. Even the platform explanations were simple and beneficial for traders on all levels of trading experience. There is no indication of how long a withdrawal takes.

Not your very typical broker.

B. We do acknowledge that GCI response time was not good enough. We nevertheless find totally unfair to rate a company as "scam", being GCI or others, because of delays in replying a non-urgent email just prior to the holiday season. How a company handles complaints is very important information for potential clients.

• Unfortunately, the number of fraudulent crypto brokers is greater than regulated and legitimate financial services.
• One of the benefits of being so long in operation is that GCI Financial has really streamlined their back-office operation.
• Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors.
• FX trading can yield high profits but is also a very risky endeavor.

Our experts have assessed this broker but could not confirm if GCI Financial is safe. No, but fees from a financial institution may apply. This involves the trading of gold, silver, and other precious metals as hard commodities that are contract-based tradable. Equity or stock indices can represent a specific set of the largest companies of a nation or they can represent a specific stock market.

Their range of trading instruments and the assets may be good but the spreads are not that enticing and falls within the midrange. Overall, GCI Financial scored moderately well on our key parameters. The accuracy of the quotes that are provided by your broker must also be checked because this will have an impact on the success of your trades. As for GCI Financial, there weren’t any re-quotes and closing most of the deals was very fluid as it didn’t experience any lags.