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Recent enhancements include the ability to “hedge” (enter opposite positions in the same currency without offsetting or using additional margin). 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. One of the first and most basic decisions related to trading forex involves the selection of a forex broker that suits your style and desire for safety and soundness.

We’ll compare their features as well as trading costs with GCI Financial. Throughout its long history, the brokerage has earned several regulatory bans. Namely, in August 2013, the Canadian regulator of the province of Ontario issued an official warning against GCI Financial and its owner, GCI Financial LLC. According to it, the company is not allowed to offer financial services. You will be emailed all the information you need to access your Forex vps immediately.

Firm is affiliated with an insurance company or agent who may be motivated to insure clients with products that generate high sales commissions when lower cost alternatives may exist. GCI 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. One of the primary factors that must be included in choosing a broker is the quality of support that they provide. It is very important that their support team is capable of answering customer queries and providing immediate assistance when issues arise.

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. •    GCI was founded in 2002 and is one of the pioneers in online currency and CFD trading. •    Customer funds are segregated and insured, and dealing practices are maintained to the highest standards.

This is quite dangerous because you cannot request regulatory assistance or reimbursement if something goes wrong. Despite what they may try to convince you, GCI Financial is unregulated. The company claims to be registered in Saint Lucia, trading under GCI Financial Limited. However, upon checking the register of the country’s authority, Financial Services Regulatory Authority, we didn’t find the owner or the brand.

Where Does the Broker Operate? – Countries Of Service

We do not present any investment advice or guarantees for the accuracy and reliability of the information. One of the benefits of being so long in operation is that GCI Financial has really streamlined their back-office operation. New accounts can be set up and processed very efficiently, meaning you can be up and trading within a matter of hours.

Another issue is the handling time which usually takes long which really frustrates a lot of traders. Investor.com is your trustworthy guide to the world of personal finance. Investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. As a result, we do not support personal reviews on the site.

Is Gcitrading a fair Forex Broker?

1st Floor, The Sotheby Building, Rodney Village, Rodney Bay, P.0. Box 838, Castries, St. Lucia. We invite you all to try out a Free GCI Demo Trading Account and evaluate our services for yourself. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up.

There are many nice features at GCI Trading but the one I found the most impressive was the actual website. All the information any trader could need to clearly outlined on the various pages of the site and the tabs at the top of the page cover all topics. gci financial review 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. GCI Trading offers everything a Forex and CFD trader needs.

Of course, if you would like help installing any software that is not pre-included, we will be happy to assist. Simply open a support ticket to request assistance with anything. Founded in 2002, GCI Financial Ltd offers over 300 tradable financial assets and educational tools for both beginners and experienced traders. The company has clients from all over the world, including Europe, India, and Australia.

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. This is in addition to any bonus margin or other promotions. At the time of this review the only other bonus was a 30% welcome bonus on ECN accounts. GCI Financial is an unregulated offshore trading brokerage. While being on the market for almost two decades, the firm has earned some regulatory warnings. To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content.

Execution Type

GCI Trading is a forex broker offering the MT4 and ActTrader forex trading top platforms. 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.

In total, GCI Financial Group manages $79.8 million in assets. Firm or related person receives soft-dollar benefits in connection with client securities transactions. A domestic or foreign court has previously found firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations. A self-regulatory organization or commodities exchange has found firm or an advisory affiliate to have been involved in a violation of its rules. Firm or an advisory affiliate was previously found to have made false statements or omissions by a self-regulatory organization. All information on 55brokers.com is only published for general information purposes.

Firm’s he has worked at include big banks like Citi, and prominent hedge funds including D. Should you run into any problems, the customer service team are always on hand to provide you with fast and effective support. Members of the support team are available 24 hours a day, five days each week, with support provided via email, phone, and live chat. GCI Trading is one of the few brokers that offer interest on deposits and monies in the ActTrader account receive 4% interest paid on their account balance.

For this reason, I am giving this broker a Support score of 11/15. For this reason this broker gets a Withdrawal Time score of 5/10. For https://traderoom.info/ this reason, GCI Financial gets a Tradable assets score of 5/5. For this reason I am giving this broker a Minimum Lot Size Score of 2/5.

• If you make profit they make adjustments and it says “Off Market Traders”.
• GCI Financial just stopped to talk to traders that lost money there and also did not get back to Forexpeacearmy any more.
• The Refer-a-Friend promotion is available for all account holders who refer a friend that opens a live account.
• Keep your PC desktop tidy – If you run your MT4 on your PC you will always have the terminal on the desktop.

If you are looking for a well-established online broker with a strong balance sheet and commitment to providing a no-fuss approach to trading, you could do a lot worse than choosing GCI Financial. GCI also offers a zero-commission ECN or Electronic Communication Network. Their fees are built into the spread so no commissions are added. 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 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.

Accounts can be funded via bank transfers, credit and debit cards, and a number of e-payment solutions, with transactions usually being processed very efficiently. A financial glossary is available and an ebook on the most beneficial use of their two trading accounts can be downloaded. Daily trading signals are posted online as well as real-time Forex price quotes and there is a full economic calendar with up-to-date events scheduled to take place throughout the world.

• To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form.
• Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC.
• However, it offers a nice range of functionalities, including automated trading and full customization.
• Please declare your traffic by updating your user agent to include company specific information.

DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering.

By using this site, you are agreeing to security monitoring and auditing. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. Their staff deliver modern banking solutions tailored to the needs of their individual clients.

Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules. Firm or an advisory affiliate has previously had their authorization to act as an attorney, accountant, or federal contractor revoked or suspended.

Namely, ActTrader enables browser-based software, while MT4 brings in ECN trading. MT4 offers similar trading conditions and the same interest charge. However, the platform is not available as browser-based, meaning the download and installation are required. You can also access MT4 mobile apps for Android and iOS.

•    GCI has over 10,000 clients worldwide and provides an advanced, secure, and comprehensive online trading system. In addition, the company operates for over 15 years and has received awards that recognize them as the Best Forex Broker Europe or Most Innovative Forex Broker Europe by International Finance. 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). Our searchable database of U.S.-based financial advisors includes more than 17,000 firms across the country. Each month, investor.com downloads the latest regulatory data from the SEC IAPD database.

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. It’s quite impressive that they covered almost all the possible payment options which is an advantage for all types of traders since they don’t need to worry how to transfer funds to their account. The primary reason why forex trading has gained so much popularity is because the profits are promising. Firm offers mutual funds that carry 12b-1 fees, which increases the total annual cost of owning the fund (with no guarantee of higher returns).