Is GCI Financial A Safe Forex Broker? - Tadka

gci trading review

Overall, the security measures provided are not enough to protect traders sufficiently. GCI Financial offers a small range of educational tools and resources to help clients ease into trading. It is always worth thoroughly read the terms and conditions of any bonuses before committing, especially at unregulated brokers.

Mobile Trading Redefined

GCI Financial maintains an insurance policy from Allied International Group () covering all customer funds. 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. GCI’s professional staff is available 24 hours a day to answer questions and provide assistance via Live Chat, and their technical and administrative support is second to none.•    Fast and Efficient Back Office. GCI prides itself on speed and efficiency of both opening new accounts and processing client withdrawals. We have also established multiple global fax numbers for our clients’ convenience and have a staff dedicated to making administration of your account fast, efficient, and secure.

gci trading review

Beginners’ and Customer Support

gci trading review

GCI Trading offers a range of account types to suit the needs of different traders, including a demo account for beginners, a standard account for experienced traders, and a VIP account for high-volume traders. The broker also provides a choice of trading platforms, including the popular MetaTrader 4 (MT4) platform and its own proprietary trading platform, which is available in both desktop and mobile versions. 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 minimum deposit to open a live account with GCI Trading is $500.What trading platforms does GCI Trading offer? GCI Trading offers the MT4 and ActTrader trading platforms.Does GCI Trading allow scalping?

Best High Leverage Forex Brokers

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. Most traders seek out brokers who can offers some level of safety and security for their investments within the highly volatile forex market. GCI Trading is the brand name of GCI Financial Ltd, which fully owns and manages it. Its official website does not state which regulatory agency regulates the operations of this broker, or whether it is regulated by any at all. Despite that, GCI makes effort in guaranteeing the security of its clients’ money.

  1. adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.
  2. 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.
  3. The process to open an account can be started from links on the company homepage.

Compare GCI with Other Brokers

When we tested the platform, we were offered 2 pips for the GBP/USD pair, and 1 pip for EUR/USD. We were pleased to see that GCI offers zero-commission trading, though this does mean that spreads are wider. As with currency exchange markets, commodity markets offer trading in contract-based tradable goods.

Customer Support

The platform provides a vast selection of tools for traders to use to develop detailed trading strategies, including scalping and swing trading. As expected, swap rates do apply for the standard account types, with overnight rollover fees varying depending on the asset’s trading conditions. As with the research tools, GCI Trading also offers a comprehensive 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. Traders benefit from direct access to deep liquidity and interbank pricing and execution. There are many nice features at GCI Trading but the one I found the most impressive was the actual website.

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.

GCI is a well-established broker since2002.GCI hasa headquarter in.GCI to provide their Forex/CFD trading services to global clients. 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.

In terms of the trading conditions on offer, GCI Financial offers a pretty decent trading environment all things considered. GCI Financial a zero commissions broker, and provide relatively low spreads with similarly low margin requirements. A mobile app is presented to permit GCI traders access to trading accounts and financial marketplaces using a variety of handheld mobile devices for Android electronics, comprising iPads and iPhones.

Boasting a reputation anchored in superior trading conditions and an unwavering commitment to customer satisfaction, GCI continually sets benchmarks for the industry. As a GCI client, you aren’t just availing a service; you’re partnering with an industry stalwart. Having carved a niche since its inception in 2002, GCI Financial is globally renowned and has bagged numerous accolades and industry awards. 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. For peace of mind, we recommend traders invest with brokers regulated by top financial institutions like the FCA. These agencies enforce strict fund protection measures including leverage limits, negative balance protection and compensation schemes.

Overall, whilst the minimum deposit may be frustrating for some, we feel the accounts should appeal to both new traders and more experienced investors. 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. GCI Trading’s customer support team can be reached in real-time via live chat, telephone, or email. The professional team is available 24/5 and offers multilingual support in English, German, Spanish, French, Turkish, Russian, and Arabic. This can be useful, but it is essential to discern what the conditions are to really benefit from a bonus.

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