Hence, it is suggested that always choose legit brokers that are regulated by renowned regulatory bodies who are quite zealous with the regulation of the forex markets. 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.

GCI has over 10,000 clients worldwide, including individual traders, institutions, and money managers. EToro is a multi-asset platform which offers CFD and non CFD products. 79% of retail investor accounts lose money when trading CFDs with this provider. Therefore, due to such shady aspects of this broker, your money is not protected if you choose this broker to trade with them. It is an offshore non-legit broker with many fraud-warning signs.

Learn Forex Trading

This involves the trading of gold, silver, and other precious metals as hard commodities that are contract-based tradable. 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.

Adding funds to a GCI Financial account can be done using bank wire transfer, credit cards , 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. With over eighteen years in operation, GCI financial are one of the more experienced brokers currently around. The MetaTrader Account offers a wider product range and the use of the MetaTrader software platform.

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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. ✅ Minimum Deposit – $500 USD ✅ GCI Financial LIMITED. ✔ To find the more best forex brokers reviews Listed.

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 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.

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 encourages potential clients to exercise caution and judgment when reading any forex broker “reviews,” whether positive or negative. CFDs and Forex are not only complex instruments, but they also have a high level of risk which may result in loss of funds that exceed the trader’s initial deposit. 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 enough means, a trader should explore other information sources to obtain that skills and knowledge. GCI Trading’s customer support team can be reached in real-time via live chat, telephone, or email.

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If you overpay, credit will be applied to your account; this allows you to prepay if desired. Account credit is always used before charging other type of payments for ongoing service . Any EA requires the trading terminal to be running 24/7. If the trading platform is offline or shutdown the EA ceases to function. Optimal connectivity for financial software cannot be achieved with all servers and ISPs. Who earn money anytime no need to worry about power c…

• Some companies provide an own proprietary platform, while others prefer well-known platforms.
• You must speak to your account manager and seek clarifications if you are not sure of anything.
• This is in addition to any bonus margin or other promotions.
• Deposits can be made by the GCI account holder only.
• For any further questions feel free to comment below.

This broker is a total scam and they will take your money step by step. The IFSC won’t do anything about it and I think they belong together somehow. The worst complaint is that there are adjustments in your account after closing profitable positions. Some traders lost thousands of dollars due to these adjustments are not happy about it to say the least.

GCI Financial Overview

Deposits or withdrawals can only be made by account holders and no third-party deposits are accepted. All applications are subject to verification by GCI Trading and when you are accepted accounts can fund it with USD or EUR currencies using several payment methods. One of the most important aspects is GCI Financial’s customer service vs FXDD Malta’s customer service.

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. Traders with this account also receive 4% on their account balance. The website is operated by GCI Financial Limited. We invite you all to try out a Free GCI Demo Trading Account and evaluate our services for yourself.

THAT money will come back to you within 2-3 days. After that, it will go to 1 week then 1 month then 3 months then they will treat you as if you don’t even exist anymore. It doesn’t matter what other review says about this broker, if it is other than “NOT Reliable” it would be some made up reviews. For the love of mankind, DO NOT TRUST THIS BROKER. Withdrawals can be made via the same methods listed above. Traders will need to complete a withdrawal form available from the client portal, and email it back to the broker.

We offer you access via any smartphone, tablet or PC so you can log in and check on the status of your platform at any time. Maintain total control of your server at all times. You don’t have to say much about GCI Financial because it’s pretty obvious that it’s a scam. Usually, we don’t say that because there are always two sides of the medal and there are always trader that call a broker a scam but in this case it’s pretty obvious. GCI offers a customer support help desk in eight different languages, including English, German, Russian, and Japanese.

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. Only the NFA regulated brokers featured on this site are available to U.S. customers. GCI provides both a proprietary trading platform (“ICTS”), gci trading review 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. Recent enhancements include the ability to “hedge” .

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 https://forexarena.net/ to take place throughout the world. GCI offers a large array of educational material. 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.

It is the recipient of multiple industry awards over 13 years, including the Best Forex Broker Europe 2014. To make a withdrawal the money will be paid into the trader account via credit or debit card, eCash, or bank wire transfer after a formal withdrawal request has been lodged with GCI Trading. It has adopted several self-regulatory measures to guarantee the security of client funds.