The apps are compatible with both iOS and Android devices and can be downloaded for free from the Apple App Store or the Google Play Store. 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. 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 the negative feedback from many of investors with cases to withdraw the money.
Should You Trade With GCI Financial?
GCI Financial a zero commissions broker, and provide relatively low spreads with similarly low margin requirements. For discerning traders and investors, GCI isn’t just a choice – it’s a commitment to excellence. GCI stands distinguished in the sprawling landscape of Foreign Exchange (“Forex”) and Contract for Differences (CFD) brokers. The foundation of GCI’s success is an unwavering commitment to enhancing trading conditions and providing top-tier customer service. However, it offers a nice range of functionalities, including automated trading and full customization. If you choose this software, you will be able to trade on currencies, indices, and metals, with the spread ranging from 1-2 pips for Forex majors.
GCI Trading Safety and Security
The website is operated by GCI Financial Limited.1st Floor, The Sotheby Building, Rodney Village, Rodney Bay, P.0. Box 838, Castries, St. Lucia. This involves the trading of gold, silver, and other precious metals as hard commodities that are contract-based tradable. 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. The process to open an account can be started from links on the company homepage. Traders need to complete an account application and send it with your identification documents and verification of address. GCI Trading is an offshore broker which is currently not regulated by any governing body, and operates out of Belize.
Platform Info
- 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.
- One of the benefits of being so long in operation is that GCI Financial has really streamlined their back-office operation.
- Although the graphics are few, the text is easy to read and is neatly outlined.
- We are vested in your success and strive to amplify both your profits and trading volume.
For more information about currency trading brokers visit TopForexBrokers.com forex brokers comparison website, Tip ForexSQ.com foreign exchange trading experts please by share this article about GCI Financial Review. However, GCI Financial has over 14 years of experience in the forex business and has earned a fairly good reputation among traders – most user reviews about this brokerage are positive. So, if you prefer offshore brokerages for some reason, GCI Financial is a good choice. Register for a complimentary GCI demo account and indulge in a risk-free trading simulation. Upon registration, access the coveted MetaTrader 4 software for an immersive trading experience. GCI also offers a zero-commission ECN or Electronic Communication Network.
This means that traders only need to take the spread into account when trading. This, combined with the low spreads and low margin requirements, makes GCI Financial a competitive choice for traders. Joining GCI Financial, a global leading online broker, is an opportunity that many individuals and companies may consider when looking to venture into the forex market.
GCI Trading Market instruments
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 https://traderoom.info/ are among the features offered in GCI’s MetaTrader account. The MetaTrader Account offers a wider product range and the MetaTrader software platform.
Yes, GCI offers a demo account with both the MetaTrader 4 and ActTrader platforms. Earn commissions by introducing clients to one of the industry’s longest serving brokers. As with the research tools, GCI Trading also offers a comprehensive https://traderoom.info/gci-broker-overview/ 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.
This dual-ended process begins with the broker (like GCI) drawing liquidity from premier tier-1 providers, essentially the major banks, and making it accessible to its clientele. Simultaneously, the broker is responsible for transmitting client orders back to these Liquidity Providers, ensuring a fluid execution process. The Refer-a-Friend promotion is available for all account holders who refer a friend that opens a live account. A Real Cash Deposit is deposited into the referrer’s account as well as the account of the referral. Up to $500 is available for the referred traders and up to $1000 for the referrer. Throughout its long history, the brokerage has earned several regulatory bans.
As well as evaluating a broker’s product portfolio, fee structure and trading tools, we consider the availability of GBP-denominated accounts, the presence of UK-based customer support, and FCA authorisation. Our experts also factor in their hands-on testing experience into broker ratings. This means that the firm has no oversight over its business handling, and thus is not forced to protect traders to the same degree that licensed brokers are. GCI is also not required to submit any revenue data or annual financial statements for auditing, which is concerning. With that said, the broker assures clients that funds are segregated in top-rated bank accounts.
Currently, GCI Financial is headquartered in Anguilla, an island in the British West Indies, and is not regulated by any authority. With over eighteen years in operation, GCI financial are one of the more experienced brokers currently around. GCI proudly introduces ECN trading capabilities on our renowned MT4 trading platform, presenting a unique blend of state-of-the-art technology and optimal trading conditions.
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