Gcitrading Forex Broker Review
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. 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.
- ReportScamOnline now considers GCI Financial to be operating an online scam.
- With GCI Financial, contacting their support team can be done via phone, chat, fax or email.
- Trading in this market involves buying and selling world currencies, taking profit from the exchange rates difference.
- Broker Complaint Alert helps victims of investment fraud, forex scams, crypto scams, and any type of fraud that happened to you.
- The high degree of leverage can work against you as well as for you.
There are strange adjustments that don’t make any sense when I close a position with profits. I have been an Introducing Broker at GCI Financial for years and now they just closed my account for no reason. I made some big losses because the positions were not executed in time or were closed when I did not want them to close. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in the use of our website.
The information contained on this website has been prepared by iasg from sources deemed reliable, but IASG does not guarantee the adequacy, accuracy or completeness of any information. Therefore, due to such shady aspects of this broker, your money is not protected if you choose this broker to trade with them. It is an offshore non-legit broker with many fraud-warning signs. Hence, it is suggested that always choose legit brokers that are regulated by renowned regulatory bodies who are quite zealous with the regulation of the forex markets. The broker offers trading in over 30 currency pairs, across various trading platforms, with fixed spreads.
GCI has over 10,000 clients worldwide, including individual traders, institutions, and money managers. EToro is a multi-asset platform which offers CFD and non CFD products. 79% of retail investor accounts lose money when trading CFDs with this provider. You should carefully consider whether such trading is suitable for you in light of your financial condition. The high degree of leverage that is often obtainable in commodity futures, options, and forex trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains.
Deposits and Withdrawals
I was pleased to see when doing this review that a demo account can be set up with either of the two accounts. With the demo account, a trader can practice trading Currencies, Gold, Crude Oil, Stock Indices, and more with no risk while earning 4% interest on his balance. 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. Currencies, indices, crude oil, and metals can be traded.
I recently had the pleasure of using FXVM.net for my forex trading needs, and I can c… Fast execution means more pips and this is the reason traders around the world trust FXVM for their high frequency trading needs. I don’t know whether it’s a fact or scam when my account handled by Jessica Edofiabor got into an accident and couldn’t remember her acess code to withdraw my funds. Calling GCI Financial not reliable is way too nice. This broker is a total scam and they will take your money step by step. The IFSC won’t do anything about it and I think they belong together somehow.
It is the recipient of multiple industry awards over 13 years, including the Best Forex Broker Europe 2014. 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. The trading platforms are described as user-friendly, intuitive, and customizable, with charting tools and news, analysis reports, and financial calendars. Both platforms are offered in several languages which include English, German, Spanish, French, Turkish, Russian, and Arabic.
Firm or an advisory affiliate was previously found to have made false statements, omissions, or being dishonest and unfair by a regulatory agency other than the SEC or CFTC. Firm or an advisory affiliate was previously found to have made false statements or omissions by a self-regulatory organization. Firm or an advisory affiliate has previously had an investment-related civil action dismissed against them following a cash settlement in court.
Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.
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. GCI Financial is not the smallest Forex broker but that doesn’t mean that it’s a reliable one. At all the big forex review sites you only hear bad things about GCI Financial and this is something that concerns a lot of traders.
Most traders seek out brokers who can offer some level of safety and security for their investments within the highly volatile forex market. GCI Trading is an offshore broker which is not regulated by any governing body. However, GCI Trading has proven itself as being trustworthy with a sound reputation since its inception. Past performance is not necessarily indicative of future results.
•Low margin requirements.GCI provides access to Forex, share, and index trading with margin requirements of 0.5% on Forex, 1% on Share Indices, and 5% on individual shares. Tickmill continues to grow from strength to strength by offering traders just what they need to be successful in the markets. Funding to accounts at GCI Trading can be done via bank wires, credit cards and online payment programs such as Neteller and Skrill. This is in addition to any bonus margin or other promotions. At the time of this review the only other bonus was a 30% welcome bonus on ECN accounts.
These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. While this allows for a broader range of investment options and management styles to be offered by a firm, it can create an incentive for the firm to put their financial interests ahead of your own. If you have traded with GCI Financial and believe you have been scammed by them you have a chance to get your money back. Many unregulated brokers have been found to scam traders. At Broker complaint Alert it’s our job to provide you detailed GCI Financial review and make sure you can fight back and get your money refunded.
J.P. Morgan Global Index Research – JP Morgan
J.P. Morgan Global Index Research.
Posted: Wed, 20 Jul 2022 20:03:30 GMT [source]
Past gci trading review is no indication or guarantee of future performance. ForexFraud.com is an affiliate partner with various brokers and may be compensated for referred Traders. All reviews remain unbiased and objective and immediate action will be taken against any broker which is found to be in breach of regulation. These partnerships have proven to be great aids in the furthering communication between brokers and our visitors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.
https://traderoom.info/ foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange, or any kind of trading you should carefully consider your investment objectives, level of experience, and risk appetite. No information or opinion contained on this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services.
How a company handles complaints is very important information for potential clients. Please read GCI Trading Reviews below and share your live trading experiences with this broker. Before deciding to join a broker and start trading, a potential trader needs to establish whether a broker like GCI Trading is safe to trade with.
Communication Services Stocks on the Move Tuesday: NCTY, GRVY, SJ, GCI, COMS, MGAM, OPRA, ZH – InvestorsObserver
Communication Services Stocks on the Move Tuesday: NCTY, GRVY, SJ, GCI, COMS, MGAM, OPRA, ZH.
Posted: Tue, 14 Feb 2023 19:25:01 GMT [source]
They never really did although he came back to me that it was sorted. When I left, they contacted me that they would like to set up a “win-win” deal between us which sounded like a good idea but after over a month I just do not think any serious win-win situation will will come handy. It took several weeks , in some cases over a month for most of the trainees to get back their withdrawals. GCI Trading offers a variety of research tools which include includes live forex quotes, daily forex news, charts, and trading signals, an economic calendar, and a currency converter. 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.
- If you would like to leave a review of GCI Financial or review FXDD Malta, feel free to do so too.
- As for GCI Financial, there weren’t any re-quotes and closing most of the deals was very fluid as it didn’t experience any lags.
- 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.
- Only $500 is needed to open, traders can trade up to 10,000 currency units per lot and can maintain several accounts simultaneously.
If you make profit they make adjustments and it says “Off Market Traders”. They don’t reply to your complaints and you can forget your money. They took my profits from my account for reasons I don’t understand.