Both your account and that of your referral will be enriched with a Real Cash Deposit. This tangible token of our appreciation is over and above any other promotional bonus or margin incentives we might be offering. In terms of security, the broker’s site is fully encrypted, and the trading platforms offered also provide their own encrypted transactions. GCI is an unregulated broker with limited safety features or financial oversight. Despite this, GCI does claim to provide their own security features to ensure traders are protected. I was disappointed to find that GCI Financial only offers funding via bank wire transfer or Perfect Money.

JustMarkets Minimum Deposit

With that said, there are no commissions on any products, nor any charges for deposits or withdrawals, which helps to keep costs down. It is always worth thoroughly read the terms and conditions of any bonuses before committing, especially at unregulated brokers. We often find difficult to meet volume requirements that make withdrawals challenging. Individual assets may vary, with all margin requirements detailed on the GCI website. We would have liked to see a proprietary solution offered by GCI to give traders an even wider choice.

Trading Platforms

If GCI Trading’s website itself does not provide enough means, a trader should explore other information sources to obtain that skills and knowledge. 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. Potential traders need to be assured that the broker company they chose can offer the necessary support and help whenever they may need it. There is no indication of any sign-up or other bonuses offered on the company website.

What assets does GCI offer?

GCI Financial does not offer its services if you are a citizen or resident of certain countries. This restriction is likely due to regulatory issues and the complexities of international financial laws. Furthermore, GCI Financial requires that its members have a clean legal history, free from https://traderoom.info/ any breaches of integrity or financial crimes. This is a standard requirement in the financial industry to prevent fraudulent activities and maintain the integrity of the trading environment. Once these criteria are met, individuals or companies can proceed to open a live trading account.

How to Open a GCI Financial LIVE Account?

The lack of flexibility will be limiting for traders since most brokers like XTB offer bank transfers, credit cards, and a range of e-wallet payments including Skrill or PayPal. Both accounts require a $500 minimum opening deposit, which is high compared to most other brokers and may be inaccessible for beginners. Earn commissions by introducing clients to one of the industry’s longest serving brokers. Foreign exchange trading involves trading one currency pair against another, predicting that one currency will rise or fall against another.

  1. Some companies provide an own proprietary platform, while others prefer well-known platforms.
  2. GCI offers a decent breadth of tradeable financial assets on the MetaTrader 4 and ActTrader platforms.
  3. There are many nice features at GCI Trading but the one I found the most impressive was the actual website.
  4. 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.

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. Only $500 is needed to open, traders can trade up to 10,000 currency units per lot and can maintain several accounts simultaneously. GCI Trading offer services that include products that are traded on margin and carry a risk of losing all your initial deposit. Before deciding on trading on margin products you should consider your investment objectives, risk tolerance, and your level of experience on these products.

Our review of the broker’s services covers the software downloads, available markets, demo accounts, and customer support. 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. The MetaTrader Account offers a wider product range and the MetaTrader software platform. While default lot sizes are 100,000 currency units, traders can select as little as 0.10 lots to transact. Unlimited charting and programmable trading signals are among the features offered in GCI’s MetaTrader account.

With a user-friendly platform, competitive pricing, and excellent customer support, this broker has built a strong reputation in the industry. 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. GCI Financial is an offshore forex and CFD broker based in Saint Lucia and established in 2002. The broker offers over 300 tradable assets and two powerful trading platforms, although its regulatory status and trust score has been called into question by our experts. This review will cover GCI’s safety and security features, plus market access, fee structure, account types, how to open an account, and more.

Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. Founded in 2002, GCI Financial Ltd offers over 300 tradable financial assets and educational tools for both beginners and experienced traders. The company has clients from all over the world, including Europe, India, and Australia.

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 promotion is available for all account holders who refer a friend that opens a live account. A Real Cash Deposit is deposited gci forex 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.

For clarity, all instruments housed under the “Forex-ECN” category in our platform represent our ECN offerings. 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.

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. Forex or FX, short for foreign exchange, is a decentralized global market where currencies are traded.

The company’s mission is to offer clients the best combination of software, lowest margin requirements, and the broadest array of products with high profit potential. Joining GCI Financial, a global leading online broker, is an opportunity that many individuals and companies may consider when looking to venture into the forex market. However, it’s important to note that not everyone can join GCI Financial due to certain eligibility criteria. GCI Financial’s services are not available to persons under the age of 18 or otherwise under legal age, referred to as “minors”. Another crucial factor is the potential member’s country of residence.

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