While it may have some limitations in terms of educational resources and social trading features, the overall trading experience with GCI Forex is highly satisfactory. Whether you are a beginner or an experienced trader, GCI Forex provides a trusted platform for all your global currency trading needs. 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.

Discover the Power of MetaTrader 4 with GCI: The Ultimate Forex Trading Experience

Customer surveys don’t propose that is the situation, yet readers ought to be watchful given the gathering’s absence of genuine administrative oversight. Nonetheless, in spite of getting various honors throughout the long term, the broker is https://traderoom.info/ unregulated, and it isn’t clear where its administrative center is based. This company does not appear to be regulated by any government authority at this time. He has more than 10 years of experience in trading and helps people get rich.

ActTrader Account

The professional team is available 24/5 and offers multilingual support in English, German, Spanish, French, Turkish, Russian, and Arabic. There is no indication of any sign-up or other bonuses offered on the company website. 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.

What is the greatest leverage offered at GCI?

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. 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.

GCI Trading Awards

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.

1. This includes securing traders’ funds at top-rated banks, separate from its own operating capital.
2. Founded in 2002, GCI Financial Ltd offers over 300 tradable financial assets and educational tools for both beginners and experienced traders.
3. Clients need to fill out an online withdrawal form when funds need to be withdrawn.
4. The GCI Mini account requires a minimum account deposit of only $50 and offers the full range of assets and services to traders who are not professional investors.

GCI also offers a zero-commission ECN or Electronic Communication Network. Traders benefit from direct access to deep liquidity and interbank pricing and execution. ECN trading uses inter banks prices and spreads with no commissions and straight through processing with banks liquidity. The ActTrader account requires 10,000 currency units per lot, whilst the MetaTrader account requires 100,000 currency units per lot. The MetaTrader account also gives you a choice of ECN or traditional execution, no requotes or delays, and NDD instant execution in major currencies.

This is a very popular choice for both beginners and expert traders that want to create a successful trading career in foreign exchange. With this platform, you can trade directly from the charts, making it extra convenient for when you suddenly spot market opportunities. You also benefit from fractional lot capabilities, the opportunity to program trading signals, use unlimited charts, and utilize all of the platform’s advanced technical indicators. According to research in South Africa, GCI Trading is an online forex broker operating out of Belize, which offers trading of over 25 currency pairs, across multiple trading platforms, with fixed spreads. GCI Financial offers demo accounts with both the MT4 and ActTrader platform downloads. Users can practice trading with $50,000 in virtual funds, with no financial risk.

This ensures that traders’ funds are held in segregated accounts, separate from the broker’s operational funds. You can fund your GCI account with a Bank Wire Transfer, Credit Card, or major online e-payment services. Withdrawals are processed within three business days after the receipt of the necessary regulatory paperwork. GCI does not charge for sending wire payments, however transfer fees that are applied by their remitting banks or payment system providers are automatically passed through to the customer. With over eighteen years in operation, GCI financial are one of the more experienced brokers currently around. GCI offers schooling and assets focus, containing different trading devices to help both fledgling and master traders.

We were pleased to see that GCI offers zero-commission trading, though this does mean that spreads are wider. GCI offers five different asset classes with a total of over 300 tradable CFD instruments. This isn’t the widest selection compared to leading https://traderoom.info/gci-broker-overview/ brands like XTB and CMC Markets, but would still offer good opportunities to diversify a beginner’s portfolio. Funding to accounts at GCI Trading can be done via bank wires, credit cards and online payment programs such as Neteller and Skrill.

The MetaTrader4 platform is accessible from PC, iPhone, iPad, Android, or other mobile devices and there are free demo videos available that explain the download process for these as well as for PC’s and Mac’s. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with.

Yes, the broker offers mobile trading platforms compatible with iOS and Android devices, allowing traders to trade on the go. 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. Some companies provide an own proprietary platform, while others prefer well-known platforms. If there is a choice, the trader should keep in mind what he would like to trade. GCI Trading offers ActTrader and MetaTrader4 as the two trading platforms which are also linked to their respective account types.

Only $500 is needed to open, traders can trade up to 10,000 currency units per lot and can maintain several accounts simultaneously. 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.