A perfect fit for traders who desire a streamlined and intuitive platform, the ActTrader Account offers a holistic trading experience. This platform excels in offering an amalgamation of agility, versatility, and innovation, making it an excellent choice for trading an array of major financial products. 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 https://forexarena.net/ foundation of GCI’s success is an unwavering commitment to enhancing trading conditions and providing top-tier customer service.
Payment Methods
This can be easily accessed by right-clicking in the MarketWatch window and selecting “Symbols”. 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. Deposits or withdrawals can only be gci trading review made by account holders and no third-party deposits are accepted. This comprehensive approach allows us to recommend the best brokers for different experience levels, trading styles and budgets.
Top 100 Best Forex Brokers
After verification funds will be returned to the original account via credit or debit card, eCash, or bank wire transfer. GCI Financial is not regulated by any financial agency, including the UK’s FCA. The broker is based offshore in Saint Lucia with limited external oversight of its business activities. As such, trader funds and interests may not be protected and we urge potential clients to exercise caution. GCI is an unregulated broker with limited safety features or financial oversight. Despite this, GCI does claim to provide their own security features to ensure traders are protected.
Customer Service
There are also different email addresses established for the language you want to use such as English, French, Spanish, German, Russian, Chinese and Japanese. Execution-only brokers, which do not involve in personal investment advice and give traders complete control over how they trade the markets, usually charge lower commissions. Clients need to fill out an online withdrawal form when funds need to be withdrawn. After completion of the form, it needs to be printed, signed, scanned, and returned to GCI Trading via email along with a copy of valid identification.
Trade with a Regulated Broker
It’s not just about rebranding; it’s about imbuing your brand identity into a tried-and-tested trading infrastructure. As a cost-effective, ready-to-implement solution, GCI’s White Label proposition emerges as a premier choice for those aspiring to elevate their online trading ventures to new zeniths of profitability. Embarking on your trading journey with GCI 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. Our ECN trading ethos resonates with our commitment to bolstering the profitability of money managers, creating a synergy that ensures enhanced trading outcomes. In the dynamic landscape of Foreign Exchange (Forex) and Contract for Differences (CFD) brokers, GCI Financial emerges as a beacon of excellence.
Is GCI Financial a scam?
- GCI offers an education and resources centre, containing various trading tools to assist both beginner and expert traders.
- Empower your trading endeavors by choosing the account type that resonates with your trading aspirations and strategy.
- 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.
- On the plus side, the user manuals for each platform are detailed and easy to read, perfect for new traders wanting to learn the basics.
- 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.
It has adopted several self-regulatory measures to guarantee the security of client funds. GCI maintains a balance sheet with Net Capital more than most minimum regulatory requirements, and clients earn 4% interest on their deposits, whether it is in EUR or USD. 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.
Leveraged product trading magnifies a trader’s potential profit – but of course, also increases the potential loss. This facility enables traders to get a larger exposure to the market than the amount they deposited to open a trade. On both accounts, the minimum deposit required is $500 and investors can also opt for a managed account with a minimum deposit of $10 000. With that said, GCI Financial’s educational resources and trading services are sub-par. We would recommend looking elsewhere if you require comprehensive trading resources and tutorials. For example, eToro is a market-leading one-stop shop for trading resources and tools for beginners.
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. Potential traders need to be assured that the broker company they chose can offer the necessary support and help whenever they may need it. GCI Trading does not charge any commission and offers fixed spreads starting from 1 pip. Spreads depend on current market conditions and may vary causing the spreads to be narrower or wider.
In addition, a price chart is also usually provided with some analytical toolsto help you analyze the price movement, so you can increase your profitability by placing well-plannedtrades. At GCI, we recognize the pivotal role that money managers and trading managers play in steering the financial landscape. To that end, we’ve marshaled an impressive array of dealing and technological tools tailored to cater to the diverse needs of these financial stewards. Before deciding to join a broker and start trading, a potential trader needs to establish whether a broker like GCI Trading is safe to trade with. One of the surest benchmarks to measure the safety of a brokerage is to establish which regulating authorities are watchdogs over its actions.
GCI Financial Ltd is an award-winning forex and CFD broker offering the MetaTrader 4 (MT4) and ActTrader platforms. Our review of the broker’s services covers the software downloads, available markets, demo accounts, and customer support. The ActTrader Account is ideal for traders wishing to trade currencies and other major financial products with a low minimum transaction size and user friendly interface. Only $500 is needed to open, traders can trade up to 10,000 currency units per lot and can maintain several accounts simultaneously. The broker offers trading in over 30 currency pairs, across various trading platforms, with fixed spreads.
On the plus side, the user manuals for each platform are detailed and easy to read, perfect for new traders wanting to learn the basics. The economic calendar is also up-to-date and great for keeping up with important financial events. As expected, swap rates do apply for the standard account types, with overnight rollover fees varying depending on the asset’s trading conditions. At the time of this review the only other bonus was a 30% welcome bonus on ECN accounts. 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. Traders will need to complete a withdrawal form (online or PDF) available from the client portal, and email it back to the broker.
Commissions are the charges imposed by an investment broker on a trader for making trades on the trader’s behalf. The level of commissions depends on the asset being traded and the type of service offered by the broker. The ActTrader and MetaTrader 4 platforms at GCI Financial both facilitate market analysis using customisable charts and intuitive technical tools. 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.
GCI offers an exclusive promotion of 50% bonus margin on deposits over 10,000 USD or EUR. The customer service team is open 24/5 and is closed over the weekends and bank holidays just like the markets are. Spreads start from 1 pip, the spreads are variable (also known as floating) so this means that when the markets are being volatile, the spreads will often be seen higher.
