For faster deposits, we recommend opting for Perfect Money, which will typically process your deposit within 1 business day. Nonetheless, I did like that you get a free Forex e-book upon registration and receive 4% interest paid on the account balance. 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. However, there is no guarantee how exactly these procedures are performed since the company is not overseen by any of the reputable Forex industry watchdogs that can truly claim the following of the necessary procedures. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information.

Empowering Money Managers: GCI’s Comprehensive Suite of Resources

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. The minimum deposit for a basic account with GCI Trading is $500, and investors can also opt for a managed account with a minimum $10,000 investment. Deposits and withdrawals for GCI Trading clients can be made via wire transfer, credit card, WebMoney, Moneybookers, Liberty Reserve or cashU. While access to such a high leverage is a strong incentive to sign up with this broker, the mechanism should only be used in full by experienced traders who have a sound understanding of the forex market. It is for this reason that many regulatory bodies made the decision to cap the maximum leverage which brokers operating within their jurisdiction could offer, in order to protect clients from potential losses.

Instant account opening

1. As with currency exchange markets, commodity markets offer trading in contract-based tradable goods.
2. Based on our finds about the safety and regulations issues of GCI Financial, we do not rank positively GCI Financial, based on our Expert Opinion with over 10 Years of experience in Forex Trading.
3. With that said, GCI Financial’s educational resources and trading services are sub-par.
4. Even though the offering and the trading capabilities may offer a very attractive package, safety always goes first.
5. ECN, or Electronic Communication Network trading, means that the broker gives customers access to a pool of liquidity providers who trade against them.

The funds are transferred either by bank transfers or an e-wallet – Perfect Money. 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. GCI Trading is able to maintain these low margin requirements by enabling automatic liquidation of positions once a margin call is reached. This security is best provided by brokers who operate within jurisdictions that have strong governmental oversight and are authorized by reputable regulatory bodies, such as the FCA in the UK and CySEC in the EU. 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.

Trading Conditions

One of the surest benchmarks to measure the safety of a brokerage is to establish which regulating authorities are watchdogs over its actions. As with currency exchange markets, commodity markets offer trading in contract-based tradable goods. GCI Trading’s margin requirements are $25 per lot on all Forex instruments for the ActTrader account. On the MetaTrader account, it is $250 per lot on Forex, $25 per 0.1 lots, equivalent to approximately 0.25% margin. GCI Trading can maintain these low margin requirements by enabling automatic liquidation of positions once a margin call is reached. GCI Trading does not charge any commission and offers fixed spreads starting from 1 pip.

Funding to accounts at GCI Trading can be done via bank wires, credit cards and online payment programs such as Neteller and Skrill. You have to get your money back using the same method you used for a deposit up to the amount you deposited. Then, the remaining sum will be transferred through a bank wire or PerfectMoney account. This comprehensive approach allows us to recommend the best brokers for different experience levels, trading styles and budgets. Investing.co.uk has been helping British traders find the right broker for over 20 years. To request a withdrawal, you must email a permission form to Identification must also be provided.

GCI Financial (“GCI”) is a securities and commodities trading firm, specializing in online Foreign Exchange (“Forex”) brokerage. In addition to Forex, GCI is a primary market maker in Contracts for Difference (“CFDs”) on shares, indices and futures, and offers one of the fastest growing online CFD trading services. GCI has over 10,000 clients worldwide, including individual traders, institutions, and money managers. In addition, the company operates over 15 years and received some awards that recognize them as the Best Forex Broker Europe or Most Innovative Forex Broker Europe by the International Finance.

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. 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.

Furthermore, the broker is unregulated and does not support GBP deposits. Based on the search results, there is no specific information available about discounts, coupons, or promo codes offered by GCI Financial. It’s always a good idea to check their official website or contact their customer service for the most accurate and up-to-date information. Please https://traderoom.info/ note that promotions and discounts can vary and may be subject to terms and conditions. If you’re interested in forex trading, GCI Financial offers a range of services and it may be worth exploring these in more detail. Remember, investing in forex involves risk, so it’s important to do your research and consider seeking advice from a financial advisor.

GCI Financial also offers a practice account with a virtual balance for those who wish to familiarize themselves with the platform before committing real funds. In conclusion, while GCI Financial offers a range of trading instruments and platforms, potential members must meet specific eligibility criteria. These measures are in place to ensure a secure and fair trading environment for all participants. GCI provides both a proprietary trading platform (“ICTS”), as well as the popular Metatrader4 service offering. With the ICTS product, this full-featured trading platform provides constantly updated ‘Dealing Rates”, real-time account balance, P&L, and margin information, and real-time charts and news.

Venturing beyond the conventional, GCI’s ECN is also adept at integrating with scalping EAs. We are vested in your success and strive to amplify both your profits and trading volume. There is another contest offered on their Facebook page where the most accurate forecaster wins $1000 in cash and the next four most accurate forecasters win up to $800 Bonus Margin. In November of the same year, the French AMF republished its own warning from July 2011 regarding the same firm. Since the company didn’t stop soliciting investors, they reacted once again.

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. There is no indication of any sign-up or other bonuses offered on the company website. 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.

Users have access to many of the same features as the desktop platforms. The trading platforms are described as user-friendly, intuitive, and customizable, with charting tools and news, analysis reports, and financial calendars. Both platforms are offered in several languages which include English, German, Spanish, French, Turkish, Russian, and Arabic. A forex account is a trading account held by a trader with a company like GCI Trading, that is issued with the primary purpose of trading through its platforms. 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.

In terms of security, the broker’s site is fully encrypted, and the trading platforms offered also provide their own encrypted transactions. For peace of mind, we recommend traders invest with brokers https://traderoom.info/gci-broker-overview/ regulated by top financial institutions like the FCA. These agencies enforce strict fund protection measures including leverage limits, negative balance protection and compensation schemes.

There are no withdrawal fees and most payment requests are processed within 24 hours. Despite this, the St. Vincent and the Grenadines in a known offshore zone, while the company operates without any license to perform its services. Based on our finds about the safety and regulations issues of GCI Financial, we do not rank positively GCI Financial, based on our Expert Opinion with over 10 Years of experience in Forex Trading. Equity or stock indices can represent a specific set of the largest companies of a nation or they can represent a specific stock market. It is actual stock market indexes that measure the value of a specific section of a stock market.