Is Gci Financial Llc A Scam?

October 19, 2020 No comments yet

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GCI Broker Overview

I would have liked to see a few more interesting bonuses or promotions but this doesn’t take away from the other features offered by this broker. 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. The Refer-a-Friend trader 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. The cash deposit is made as soon as both accounts have been funded.

User Reviews

You can conveniently trade from your Laptop, Mac, web browser, iPhone, or other mobile device using GCI’s advanced apps, whether using MetaTrader or ActTrader. There are many nice features at GCI Trading but the one I found the most impressive was the actual website. All the information any trader could need to clearly outlined on the various pages of the site and the tabs at the top of the page cover all topics. Although the graphics are few, the text is easy to read and is neatly outlined. Even the platform explanations were simple and beneficial for traders on all levels of trading experience. GCI Trading offers everything a Forex and CFD trader needs.

  • As seen in the above reference, the broker offers you two trading accounts types, based on which trading platform you are to use for your trading.
  • The platform allows users to trade currencies, gold, crude oil, and more, offering instant executions and no requotes or delays.
  • Please see our trading broker reviews for alternative regulated brokers.
  • There is no regulatory information on the Exchange’s website at the moment.
  • As previewed in the account types section of this review, the broker offers two trading platforms in MetaTrader 4 and ActTrader.
  • Many experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can.

That’s fully bullshit, such rules don’t exist anywhere and it would be foolish to believe such cheap freaks. If the broker can not provide a minimum service to its traders for withdraw funds – it does not deserve any trust ! Apply to the relevant lawyers or write to regulators, if they are of course still there. Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia. GCI Financial LLC does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited. When you send in a withdrawal request to GCI Financial LLC, this will be honored.

09 Gci Financial Reviews

learn more 67% of retail investor accounts lose money when trading CFDs with this provider. By viewing and browsing through any materials, information, news, reviews, analysis and research provided on this site you agree that this is general market commentary and education materials only.

When opening a trading account with GCI Financial LLC, you will need to sign up here. We have covered allot in this GCI Financial LLC review, If you want to see how GCI Financial LLC compares side by side with other brokers check out our GCI Financial LLC Vs pages. To start the process of opening an account with GCI Financial LLC you can visit the GCI Financial LLC trading platform here. To trade effectively with GCI Financial LLC, it’s important to get a have a good understanding of the GCI Financial LLC trading tools and the markets. This includes eduction tools with GCI Financial LLC and externally. As with most brokers, margin requirements do vary depending on the instruments. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice.

GCI Broker Overview

To open this account, deposit no less than $500 and access a trading platform equipped with a robust multi-account management capability using the ActTrader platform. GCI is a forex and CFD broker focused on superior trading and customer service conditions. It provides spreads as low as 1 pip, interest charged on the balance of your account, direct interbank trading access, and the lowest margin criteria.

Is The Gci Financial Llc Trading Platform Secure?

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. ECN trading uses inter banks prices and spreads with no commissions and straight through processing with banks liquidity. Only $500 is needed to open this account and in addition to the other products available, traders can also trade gold and equity shares. They can choose either ECN or traditional execution and there are no requotes or delays.

GCI Broker Overview

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due. Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. A minimum deposit is the minimum amount of money required by GCI Financial LLC to open a new online brokerage account with them. Any payments funded to GCI Financial LLC accounts by traders are held in a segregated bank account.

Brokers

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about GCI you need to go to the broker’s profile. The reviews by customers of the GCI indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings. Their range of trading instruments and the assets may be good but the spreads are not that enticing and falls within the midrange. Overall, GCI Financial scored moderately well on our key parameters. Compared to other investment opportunities, forex tops the list.

As GCI Financial LLC offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades. GCI Financial LLC MetaTrader 5 Can Operate on the and newer IOS devices like the iPhone and iPad. MetaTrader 5 requires a mobile internet connection or a connection to Wi-Fi. It’s suggested that you upgrade the IOS MetaTrader 5 app regularly. New versions provide improved functionality and increased stability. GCI Financial LLC MetaTrader 5 allows traders to look at market statistics of financial instruments traded in the market execution mode.

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.

GCI Broker Overview

This compensation should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Trading Brokers have spent thousands of hours researching and conducting in-depth analysis on hundreds of online trading brokers. The broker provides traders with a range of useful trading tools that are geared towards enhancing clients’ overall trading experience. They include the Currency Converter, Forex Charts, Trading Signals, Forex Economic Calendar, and more. GCI Financial is not ranked in our best forex brokers, best stockbrokers, best CFD brokers, best crypto brokers, or best online brokers categories. You can use our free broker comparison tool to compare online brokers including GCI Financial.

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Tradersunion.com assumes no responsibility for the consequences of the Client’s trade decisions or for the possible loss of his capital caused by the use of this site or the information on it. The Forex Trading, as well as CFD or cryptocurrencies trading, FXOpen Review are not for everyone and Forex trading is a very risky business. Before investing, please assess your competence to trade in the Forex markets and make sure you understand and appreciate all the risks, particularly in terms of leveraged trading.

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. Sites like the Forexpeacearmy tried to communicate with GCI Financial because there were several traders complaining about them. GCI Financial just stopped to talk to traders that lost money there and also did not get back to Forexpeacearmy any more. This is very sad and already proves that something is wrong there. Some of the links on this websites articles and comparison tables are affiliate links, which means we receive a commission should open an active account. This does not increase the cost to you for using a broker and is how the site is funded and covers the costs of running this website.


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