gci financial review

Investing.co.uk has been helping British traders find the right broker for over 20 years. Individual assets may vary, with all margin requirements detailed on the GCI website. I was also happy to find that GCI does not charge deposit or withdrawal fees, though external bank or third-party fees may still apply. GCI offers five different asset classes with a total of over 300 tradable CFD instruments. This isn’t the widest selection compared to leading brands like XTB and CMC Markets, but would still offer good opportunities to diversify a beginner’s portfolio. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry.

gci financial review

Trading Hours

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.

gci financial review

Raw spreads from 0.0 pips

Deposits less than this will be subject to the regular 25% bonus margin. Traders will need to complete a withdrawal form (online or PDF) available from the client portal, and email it back to the broker. There are no withdrawal fees and most payment requests are processed within 24 hours. Accounts are commission-free, so it’s just the spread to take into account. GCI Trading is able to maintain these low margin requirements by enabling automatic liquidation of positions once a margin call is reached.

GCI Trading at a glance

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. According to research in South Africa, GCI Trading is an online forex broker operating out of Belize, which offers trading of over 25 currency pairs, across multiple trading platforms, with fixed spreads. We recommend traders make use of simulator accounts to experience the trading platforms and fees before investing real capital. It also gives traders a risk-free way to test their trading strategies before employing them in live conditions.

  1. The website is operated by GCI Financial Limited.1st Floor, The Sotheby Building, Rodney Village, Rodney Bay, P.0. Box 838, Castries, St. Lucia.
  2. Funding to accounts at GCI Trading can be done via bank wires, credit cards and online payment programs such as Neteller and Skrill.
  3. All information on 55brokers.com is only published for general information purposes.
  4. GCI Financial’s minimum size is 0.01which isa tad higher than the standard range.
  5. Furthermore, GCI has years of experience managing risk and a strong balance sheet with net capital in excess of most minimum regulatory requirements.•    Client Service.

Empowering Money Managers: GCI’s Comprehensive Suite of Resources

The final grade is given based on GCI Trading FX broker performance and features. Even though the offering and the trading capabilities may offer a very attractive package, safety always goes first. We were happy to see demo accounts on both the ActTrader and MetaTrader 4 platforms, which are ideal for novices looking to browse the platform’s features and practise their skills risk-free. We found spreads at GCI Financial not the most competitive, averaging around 1 pip for the EUR/USD pair and 2 pips for GBP/USD. With that said, there are no commissions on any products, nor any charges for deposits or withdrawals, which helps to keep costs down. The platform provides a vast selection of tools for traders to use to develop detailed trading strategies, including scalping and swing trading.

Namely, ActTrader enables browser-based software, while MT4 brings in ECN trading. Venture into the shimmering world of online gold and silver trading with GCI, where you trade commission-free, leverage cutting-edge software, and benefit from minimal margin requirements. Embarking on your trading journey with GCI https://traderoom.info/gci-broker-overview/ opens the door to a vast ecosystem of over 50 currency pairs available on our Electronic Communications Network (ECN). With trades facilitated through our consortium of bank liquidity providers, you can be assured of a trading experience that is transparent, prompt, and devoid of unnecessary interruptions.

Or perhaps a seasoned trader eager to elevate their trading experience? There’s never been a more opportune moment to introduce them to GCI’s stellar offerings. For every individual you usher into our fold who proceeds to open a Live Account, GCI reciprocates your trust. Both your account and that of your referral will be enriched with a Real Cash Deposit. This tangible token of our appreciation is over and above any other promotional bonus or margin incentives we might be offering.

It is the recipient of multiple industry awards over 13 years, including the Best Forex Broker Europe 2014. The ActTrader and MetaTrader 4 platforms at GCI Financial both facilitate market analysis using customisable charts and intuitive technical tools. With that said, we recommend ActTrader to newer traders due to its more user-friendly design, whilst MT4 would suit those looking to implement more complex strategies, or those seeking comprehensive analysis tools. GCI is an unregulated broker with limited safety features or financial oversight.

GCI offers both the ActTrader and MetaTrader 4 platforms in mobile app versions, allowing traders to access the markets and manage their accounts from portable devices. Users have access to many of the same features as the desktop platforms. You can fund your GCI account with a Bank Wire Transfer, Credit Card, or major online e-payment services.

There is also a mobile website for ActTrader users, meaning clients can carry out trades from a mobile browser without having to download additional software. 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. 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. GCI Trading has a longer operational history of delivering excellent customer support, and an excellent trading environment to over ten thousand customers globally. After you complete this form, click Print-friendly for a printable version, sign it, and return it to GCI via email along with a copy of a valid identification.

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 https://traderoom.info/ on all levels of trading experience. The Refer-a-Friend promotion is available for all account holders who refer a friend that opens a live account.