Is GCI Financial A Safe Forex Broker?

gci financial review

Expert Advisors (EAs) and additional indicators can be added through the scripting language. To request a withdrawal, you must email a permission form to Identification must also be provided. We were pleased to see that GCI offers zero-commission trading, though this does mean that spreads are wider. Deposits can be made via wire transfer, Perfect Money, Skrill, or Neteller. You can deposit funds from within your account portal and the minimum payment accepted is $500. Compare the markets and instruments offered by GCI and its competitors.

gci financial review

ActTrader Account

Overall our online GCI Trading review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online GCI Trading or you find inaccurate details GCI Trading broker review please get in touch with us and the changes will be applied. This includes securing traders’ funds at top-rated banks, separate from its own operating capital. The broker also claims to maintain a balance sheet with net capital above most regulators’ minimum requirements. Overall, whilst the minimum deposit may be frustrating for some, we feel the accounts should appeal to both new traders and more experienced investors.

How to open an account with GCI Trading

Before starting to trade, potential GCI Trading clients should arm themselves with all possible information and trading skills needed to be successful in the world of forex and commodity trading. If GCI Trading’s website itself does not provide https://traderoom.info/ enough means, a trader should explore other information sources to obtain that skills and knowledge. Potential traders need to be assured that the broker company they chose can offer the necessary support and help whenever they may need it.

Features at a Glance:

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. 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. Finding a reputable GCI Trading review local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source. Below is an in-depth review regarding GCI Trading to help you make an informed decision before opening your account or trading on their platform. Adding funds to a GCI Financial account can be done using bank wire transfer, credit cards (Visa, MasterCard, American Express, and many more), Moneybookers, cashU, Perfect Money or check.

GCI Trading likewise offers excellent research tools, which include live forex quotes, daily forex news, charts and trading signals, an economic calendar and a currency converter. ActTrader, on the other hand, is a fully featured retail trading platform that is customizable and easy to use. It comes with a number of useful functionalities, such as built-in one-click trading capabilities and option to trade from the charts, advanced charting tools and analysis indicators. GCI Trading offers a variety of research tools which include includes live forex quotes, daily forex news, charts, and trading signals, an economic calendar, and a currency converter. Their range of trading instruments and the assets may be good but the spreads are not that enticing and falls within the midrange. At GCI, we recognize and appreciate the power of personal recommendations, and we believe that if you champion our services, you deserve to be rewarded.

gci financial review

Does GCI Financial Offer Low Fees?

  1. In November of the same year, the French AMF republished its own warning from July 2011 regarding the same firm.
  2. For peace of mind, we recommend traders invest with brokers regulated by top financial institutions like the FCA.
  3. The professional team is available 24/5 and offers multilingual support in English, German, Spanish, French, Turkish, Russian, and Arabic.
  4. The economic calendar is also up-to-date and great for keeping up with important financial events.

The software on offer allows traders to trade from your PC, Mac, web browser, iPhone, or another mobile device, using any of the platforms available. GCI Financial is an offshore forex and CFD broker based in Saint Lucia and established in 2002. The broker offers over 300 tradable assets and two powerful trading platforms, although its regulatory status and trust score has been called into question by our experts. This review will cover GCI’s safety and security features, plus market access, fee structure, account types, how to open an account, and more. It offers spreads from as low as 1 pip, interest paid on your account balance, direct interbank (ECN) trading access, and the lowest margin requirements for all products. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.

gci financial review

The MT4 platform is a classic in forex and CFDs trading, which doesn’t make it surprising that this is one of GCI’s main platforms. This is a very popular choice for both beginners and expert traders that want to create a successful trading career in foreign exchange. With this platform, you can trade directly from the charts, making it extra convenient for when you suddenly spot market opportunities. You also benefit from fractional lot capabilities, the opportunity to program trading signals, use unlimited charts, and utilize all of the platform’s advanced technical indicators. The ActTrader Account is ideal for traders who want to trade currencies and other major financial products with a low minimum transaction size and user-friendly interface. The MetaTrader Account offers a wider product range on the MetaTrader platform.

To make matters worse, GCI will only offer its bank transfer option to qualified traders who are looking to deposit amounts greater than EUR 2,000. A request must be made by emailing You can then expect the bank deposit to be processed in 1 – 3 business days. As expected, swap rates do apply for the standard account types, with overnight rollover fees varying depending on the asset’s trading conditions. Unregulated providers do not provide the same degree of security as fully licensed brokers. Customer reviews don’t suggest that is the case, but readers should be wary given the group’s lack of legitimate regulatory oversight.

GCI Financial is a Forex and CFD broker, which offers a wide range of instruments for trade (including binary options) on two trading platforms. Previously it was regulated in Belize, but withdrew its license in 2009. Currently, GCI Financial is headquartered in Anguilla, an island in the British West Indies, and is not regulated by any authority. Some companies provide an own proprietary platform, while others prefer well-known platforms. If there is a choice, the trader should keep in mind what he would like to trade.

Established as far back as 2002, GCI Trading has established a strong reputation as one of the most reputable firms in the forex industry, having garnered a number of awards and a diversified customer base. GCI’s advanced software allows you to easily trade from your PC, Mac, web-browser, iPhone, or other mobile device, whether https://traderoom.info/gci-broker-overview/ using MetaTrader or ActTrader. Deposits or withdrawals can only be made by account holders and no third-party deposits are accepted. 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.

CFD trades on other markets have no commission but do wrap a spread around the market price of a certain instrument. The primary reason why forex trading has gained so much popularity is because the profits are promising. GCI Financial was a bit boring when it comes to the layout and design of their trading platform. They claim to offer a very modern and sleek design but in reality it wasn’t as contemporary although it was as fluid as they promised. Browsing through the trading instruments and various sections doesn’t take a lot of getting used to and even placing a trade was pretty easy. While the minimum deposit is the same, accounts differ slightly in terms of platform and how you trade.

ActTrader is a user-friendly, customisable trading platform that has user preference at its core. I found the layout of the platform highly flexible, featuring a floating window system that allowed me to set up my interface as per my preferences. The platform is well-structured and easy to navigate, making it ideal for newer traders. Both accounts require a $500 minimum opening deposit, which is high compared to most other brokers and may be inaccessible for beginners. – Yes, client funds are held in segregated accounts to ensure their safety and separation from the broker’s own funds. With all this said, opening an account with GCI financial is a relatively low-risk decision to make.

Upon registration, access the coveted MetaTrader 4 software for an immersive trading experience. In the intricate tapestry of the financial industry, the safety of client funds stands out as the keystone element. The security of a client’s investments forms the very bedrock upon which the edifice of trust is constructed, and at GCI, this principle is held sacrosanct.

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