GCI Review

MIN. DEPOSIT $500
Up to 400:1
Up to 30% margin BONUS
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GCI
Up to 30% margin
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Overview

  Company Information GCI Online Trading is the online brand found in 2002 and owned by GCI Financial LLC. It is one of the popular international brokers out there. The… more

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Details

Broker GCI
Website URL http://www.gcitrading.com/
Founded 2002
Headquarters Anguilla, British West Indies
Support Number + 1 800 604 2457
Support Email info@gcitrading.com
Support Types Phone, Live Chat, E-mail, Call Back
Languages English, French, German, Spanish, Arabic, Japanese, Chinese, Russian
Minimum 1st Deposit $500
Minimum Trade Amount 0.1 lots
Bonus Up to 30% margin
Payout Up to 400:1
Free Demo Account Yes
Regulated Yes
Regulation Hong Kong
Account Types Act Trader, Meta Trader
Deposit Methods Wire Transfer, Visa, MasterCard, Skrill, Perfect Money
Withdrawal Methods Wire Transfer, Visa, MasterCard, Skrill, Perfect Money
Types of Assets Forex, CFDs, Shares, Gold, Crude Oil, Indices
Account Currency EUR, USD, JPY, CHF, AUD
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

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Company Information

GCI Online Trading is the online brand found in 2002 and owned by GCI Financial LLC. It is one of the popular international brokers out there. The company employs direct interbank trading access, also known as ECN business model. As a reputable entity in the financial world, the broker is well-known for its lucrative trading conditions and comprehensive regulation. GCI is registered and fully regulated by the International Financial Services Commission of Belize. Despite its slow progress and growth in the past few years, the broker is one of the first to introduce CFD trading and it is considered a pioneer in this branch. Nowadays, GCI Trading has more than 10 000 clients around the world. The dedicated Forex and CFD company offers its services from Asia to Europe and helps various companies, account managers and retail customers with their daily trading. GCI Trading has won numerous awards over the years. Some of the most prestigious ones are “Best European Broker” in 2008, 2012, 2013, 2014 and 2015, as well as “Best Forex Broker” for the years 2010 and 2011. The company also provides an extensive set of resources and learning materials for its new clients without previous experience in the financial markets. There are an excellent news feed and Forex charting available on the website that will surely help every trader.

 

Trading Information

GCI Trading provides its customers with an extensive array of financial instruments available for any registered user. There are over 35 different currency pairs, 10 of the most popular indices, commodities (Gold, Silver, Oil and Coffee), as well as Binary options. Spreads are relatively low compared to many other brokers. EUR/USD can be traded as low as one pip. On the other hand, the indices employ higher spreads than usual. SP500 and NASDAQ can be sold from 75 pips. Fortunately, the online broker does not apply any commissions on the trades. Re-quotes and dealing desk executions are not used in the business model of GCI Trading. Most clients will be happy to learn that the broker supports the traditional trading tactics, such as hedging, EA trading, and scalping. There are no account types associated with the trading conditions, except for platform accounts. They offer different lot sizes and the range of financial instruments. Of course, a demo account is available for those who like to test the broker first.

 

Trading Platforms

The more experienced traders will be happy to learn that GCI Trading provides MetaTrader 4 as the primary trading platform. The popular software is a top choice for numerous Forex traders worldwide. It’s equipped a huge selection of tools, indicators, and various helpful functions. The beginners should open a demo account first to get familiar with MT4. The interface is quite intuitive, but the enormous capabilities of the program can’t be learned in a few days.

 

As an alternative, GCI Trading provides access to ActTrader, which is another great trading platform. It lacks the extended functionality of MT4. However, the software is very user-friendly. It is an excellent choice for newbies as it offers lower lot size for safer trading. ActTrader support multi-account management and Binary Options for those who prefer to trade them.

 

Security and Customer Services

A strong internet safety is ensured by GCI Trading by employing a secure SSL encryption. All the traffic is perfectly safe by one of the most popular services of this type – GlobalSign. The protection is available only on pages, where customers have to input sensitive data. Also, the broker follows the best practices in the industry and holds all the clients’ funds in top tier banks separately from its capital. The broker is one of the rare examples of transparency as it provides a detailed balance sheet of the Net Capital, which is not a requirement by the regulators.

 

Customer services are professional and well-trained to handle complicated requests. With more than ten years in the branch, GCI Trading has built an exceptional support. Every client can easily get in touch via phone, fax, email or live chat. Web contact form is also available for suggestions and comments. The whole website is designed with user experience in mind and supports nine different languages. The broker has its main offices in Anguilla, which are also opened for clients to visit.

 

Deposits and Withdraws

Depositing of funds is possible with various payment methods. Clients will be able to use cards, bank wire transfers or a few e-wallet systems. The transactions are handled most of the times instantly, except for bank transfers, which take up to 3 business days. There is no minimum deposit involved and no extra fees applied. Customers also benefit from a 4% interest rate applied on their investment and earned periodically. Withdrawals are made through the same payment options. However, a verification process is required for the funds to be released. Clients have to sign a verification form and send it online to the broker. After a few days, the requested money will be transferred.

 

Deposit Bonus and Loyalty Program

GCI Trading has some exciting offers for its new and existing clients. Every registered user can get 30% deposit bonus on each and every new deposit. The promotion is usually available for one month so that customers may expect different bonuses on a monthly basis. The rules are simple – upon registration, traders have to use a promo code, which can be found on the website. The reliable online broker also provides “Refer a Friend” type of bonus, where clients can receive up to $1000 on their accounts and $500 on a referral account. Unfortunately for traders who like loyalty programs, such systems are not provided by GCI Trading at this time.

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