Upon registration, access the coveted MetaTrader 4 software for an immersive trading experience. In the intricate tapestry of the financial industry, the safety of client funds stands out as the keystone element. 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.

Under any agreements with partner nations, DevvStream would retain a portion of the carbon credits generated in exchange for services related to their development and monetization. You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. Read our GCI Trading review carefully to see why we do NOT recommend this broker for trading. Despite what they may try to convince you, GCI Financial is unregulated. The company claims to be registered in Saint Lucia, trading under GCI Financial Limited.

  • While the minimum deposit is the same, accounts differ slightly in terms of platform and how you trade.
  • You have to get your money back using the same method you used for a deposit up to the amount you deposited.
  • It’s not just about rebranding; it’s about imbuing your brand identity into a tried-and-tested trading infrastructure.
  • GCI is not adding any fees of their own, but be sure to check with your bank or processor to see if they have any fees of their own, especially when using Bank Wire Transfer or Perfect Money.

GCI provides both a proprietary trading platform (“ICTS”), as well as the popular Metatrader4 service offering. With the ICTS product, this full-featured trading platform provides constantly updated ‘Dealing Rates”, real-time account balance, P&L, and margin information, and real-time charts and news. Recent enhancements include the ability to “hedge” (enter opposite positions in the same currency without offsetting or using additional margin). 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 directly in the Interbank market, with no dealer intervention or delays. One of the first and most basic decisions related to trading forex involves the selection of a forex broker that suits your style and desire for safety and soundness. The landscape of available brokers is broad, making the decision a difficult one at best.

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There are no additional commissions on any of the accounts that GCI Online Trading offer, all costs are built into the spreads. There are, however, spread charges, and these are interest charges that are incurred for holding trades overnight, they can be both negative or positive and can usually be viewed from within the trading platform of choice. GCI also offers a zero-commission ECN or Electronic Communication Network.

  • Potential traders need to do as much as possible research about speculative trading before commencing to do it and while trading.
  • That means the risks are a bit increased so this may disappoint investors who want to start out with a very lowlot size.
  • The MetaTrader Account offers a wider product range on the MetaTrader platform.
  • The client’s funds are held in segregated accounts at top-rated banks.

We could not locate any information on the website in regards to bonuses or promotions so it does not appear that there are any active ones at the time of writing this review. If you are interested in bonuses then be sure to check back regularly or get in contact with the customer service team to see if there are any upcoming bonuses or promotions. There is no indication on the company’s website whether a demo account can be converted into a live account. 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.

Trade with a Regulated Broker

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. It has adopted several self-regulatory measures to guarantee the security of client funds. The client’s funds are held in segregated accounts at top-rated banks. 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.

The safety of your money is a top factor to consider in any platform. Investing your money with anonymous platforms not only puts your money at risk. Your data may fall into the wrong hands attracting criminal activities during the registration process. With such lack of information and GCI Trading being unregulated, funds are not safe.

Adding funds to a GCI Financial account can be done using bank wire transfer, credit cards (Visa, MasterCard, American Express, and many more), Moneybookers, cashU, Perfect Money or check. It’s quite impressive that they covered almost all the possible payment options which is an advantage for all types of traders since they don’t need to worry how to transfer funds to their account. Justin is an active trader with more than 20-years’ industry experience of working for big banks and hedge funds. He has an inside knowledge of how the financial markets work, thanks to roles including trader on a $750m Event-Arbitrage desk and CRO and COO of hedge funds running a variety of strategies. From stat-arb and trend-following CTA to fixed-income relative value. Firm’s he has worked at include big banks like Citi, and prominent hedge funds including D.

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Browsing through the trading instruments and various sections doesn’t take a lot of getting used to and even placing a trade was pretty easy. You can also expect a more guaranteed safety
of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of
unprecedented incidents that result in clients’ financial losses. Overall our online GCI Trading review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online GCI Trading or you find inaccurate details GCI Trading broker review please get in touch with us and the changes will be applied.

Can a Trader Use a Demo Account?

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 gci trading review 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.

Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at persona[email protected] and we will help you with this step as well.

Traders benefit from direct access to deep liquidity and interbank pricing and execution. 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. This can be useful, but it is essential to discern what the conditions are to really benefit from a bonus. 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. 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.

With GCI Financial, contacting their support team can be done via phone, chat, fax or email. The live chat was the one I presumed to be the easiest since I was already online and it was quite indeed fast as it only took less than 30 seconds before I was able to start a chat session with a person named Roger. I must say, he was very helpful and very quick in responding to my queries. Whether you trade CFDs, Indices, Forex or one of our other asset classes, you are well catered for by our industry-leading platforms.

Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case.

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