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.
GCI clients Pros and cons
CFDs are especially risky with 74-89% of retail accounts losing money due to high leverage and complexity. Cryptocurrencies and options exhibit extreme volatility, while futures can also lead to significant losses. Even stocks and bonds can depreciate quickly during market downturns, and total loss can ensure if the issuing company fails. Furthermore, the stability of your broker matters; in case of bankruptcy, the presence of an effective investor compensation scheme is crucial for protecting your assets.
Diverse GCI Account Offerings Tailored to Your Trading Needs
- GCI Trading provides two platforms each linked to their respective account types, namely the ActTrader and MetaTrader 4 platforms.
- He has more than 10 years of experience in trading and helps people get rich.
- The security of a client’s investments forms the very bedrock upon which the edifice of trust is constructed, and at GCI, this principle is held sacrosanct.
- 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 to take place throughout the world.
For example, if your rebate is 1 pip and your spread is 3 pips, then your net spread is only 2 pips. This company does not appear to be regulated by any government authority at this time. GCI Trading is able to maintain these low margin requirements by enabling automatic liquidation of positions once a margin call is reached. GCI’s advanced software allows you to easily trade from your PC, Mac, web-browser, iPhone, or other mobile device, whether using MetaTrader or ActTrader. He has more than 10 years of experience in trading and helps people get rich. Anna’s lessons, interesting articles in the field of financing will always help you manage your money properly.
The Path to Opening a GCI Live Account
The broker also provides a dedicated account manager for VIP clients, who can offer personalized support and guidance. 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.
ATFX 2021 Review- A Reliable Online Brokerage Platform
The GCI forex broker is the simply one in the industry to provide its account holders 4 percent interest on the balance of trading assets that are credited monthly to trading accounts. The broker also offers multilingual support in several languages, including English, Spanish, French, German, and Arabic. In addition, GCI Trading has a comprehensive FAQ section on its website, which covers a wide range of topics related to trading and account management. I was disappointed to find that GCI Financial only offers funding via bank wire transfer or Perfect Money.
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. 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. With that said, online customer reviews don’t suggest that the broker is a scam.
GCI also offers Forex and CFD trading on the popular MetaTrader 4 trading platform. Trading directly from charts, fractional lot capabilities, the ability to program trading signals, and unlimited charts and technical indicators are among the many benefits. All major currency orders are filled https://traderoom.info/ directly in the Interbank market, with no dealer intervention or delays. GCI has come to be one of the greatest recognized and important online forex brokers with a worldwide customer base of over 10,000 that comprises expert money managers, individual traders and financial institutions.
GCI Trader offers two account types, namely the ActTrader account and the MetaTrader account. Leverage is essentially a loan granted by the broker to the trader, and is expressed as a ratio. While the mechanism does allow for more potential profits, it also carries the heavy risk of severe losses, especially for those intending on investing a large sum of money. 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.
The dedicated customer support team is available 24/7 to address any concerns and provide guidance. GCI Forex is a well-regarded broker that offers a trusted platform for global currency trading. https://traderoom.info/gci-broker-overview/ With its extensive range of features, this broker has gained popularity among forex traders worldwide. Firm’s he has worked at include big banks like Citi, and prominent hedge funds including D.
It offers spreads from as low as 1 pip, interest paid on your account balance, direct interbank (ECN) trading access, and the lowest margin requirements for all products. Unlimited charting and programmable trading signals are among the features offered in GCI’s MetaTrader account. The MetaTrader Account offers a wider product range and the use of the MetaTrader software platform. GCI offers a decent breadth of tradeable financial assets on the MetaTrader 4 and ActTrader platforms.
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. 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.
We understand the trust our clients place in us, and we are devoted to honoring that trust through steadfast commitment and unparalleled financial stewardship. Underlying this seamless connectivity is the robust and sophisticated FIX Protocol, or the Financial Information Exchange Protocol. 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.
To make matters worse, GCI will only offer its bank transfer option to qualified traders who are looking to deposit amounts greater than EUR 2,000. A request must be made by emailing You can then expect the bank deposit to be processed in 1 – 3 business days. Both accounts require a $500 minimum opening deposit, which is high compared to most other brokers and may be inaccessible for beginners.
Forex trading, or currency or FX trading, involves the currency exchange market where individuals, companies, and financial institutions exchange currencies for one another at floating rates. The bonus usually compensates traders for choosing a certain broker, since once the account is active, the trader will have the same expenses as any other. The bonus usually only starts giving some expenses back to the trader once the person has proved himself as an active trader.
