GCI Trading Review Forex Brokers Reviews & Ratings

Опубликовано Алекс Мар 21, 2022 |

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.

• Again, given scalping is not allowed on their platform, it makes sense to know that EAs are a no no.
• A financial glossary is available and an ebook on the most beneficial use of their two trading accounts can be downloaded.
• Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests.
• The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules.
• If you want to deal with an innovator and seasoned broker, then GCITrading.com is for you.

After filling it in, the form should be signed and returned to GCI via email along with a copy of valid identification. Withdrawal forms that are not fully completed will not be processed. Despite this, St. Vincent and the Grenadines is in a known offshore zone, while the company operates without any license to perform its services. GCI Financial is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Thus, the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, was never monitored in terms of its safety, and simply may operate the business in any way it wishes. Funding to accounts at GCI Trading can be done via bank wires, credit cards and online payment programs such as Neteller and Skrill.

$10 No Deposit Bonus — Open a Live STP account, $10 Bonus is automatically added to your account

If a user or application submits more than 10 requests per second, further requests from the IP address may be limited for a brief period. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website. To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. We reserve the right to block IP addresses that submit excessive requests. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests.

The only good point for those who want to https://traderoom.info/ going with them is that they offer lot of different instruments . GCI also offers a zero-commission ECN or Electronic Communication Network. Their fees are built into the spread so no commissions are added.

Sure, you could just consult customer review sites, but there is no way of verifying if these reviews are created by actual customers. However, they have a way of pulling people in, holding their money hostage, and persuading them to keep investing more. Sooner or later, customers do not want to believe that brokers like GCI Financial are cheating them because they have invested so much of their money already that want the bad dream to be over. Chargebax understands how to deal with fake brokers and cryptocurrency schemes. We have the expertise and the right strategies to make your chargeback, wire recall, or crypto recovery case successful.

GCI Financial Scam Broker Review

Members of the support team are available 24 hours a day, five days each week, with support provided via email, phone, and live chat. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. It is really important that you do not trade any money that you can’t afford to lose because regardless of how much research you have done, or how confident you are in your trade, there will always be a time that you lose. It has adopted several self-regulatory measures to guarantee the security of client funds.

This is definitely bad news for newbie traders because they will be required to fork out a considerably high amount in order to open an account and be able to trade. However, where there is excitement, there is often danger. Unfortunately, the number of fraudulent crypto brokers is greater than regulated and legitimate financial services. Because of the increase in online trading and deals on social media, crypto scams have found more ways to reach people who want to make fast money and are new to cryptocurrencies. The trading platform is also extremely important as you will spend a lot of time on GCI Financial’s FX trading platform or FXDD Malta’s currency trading platform.

Promotions and Offers

As a result, we do not support personal reviews on the site. To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form. ✅ Minimum Deposit — $500 USD ✅ GCI Financial LIMITED.

Only $500 is needed to open this gci financial review 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 Trading, established in 2002, , is a Forex and CFD broker headquartered in Anguilla, British West Indies. In addition to Forex, GCI offers trading in indices, shares, and commodity CFDs, as well as options on most products. It is the recipient of multiple industry awards over 13 years, including the Best Forex Broker Europe 2014.

GCI offers online trading in both Gold and Silver — commission free with low margin requirements. GCI offers Binary Option trading from the ActTrader platform. Binary Options trading is also available which allows traders to bet on Forex, Gold, Crude Oil, and Stock Indices, receive a 15% consolation for any losing bets or make 100% per bet.

Try different platforms top see which one you like, the most popular on the forex market is MT4 or Metatrader 4, but there are many other platforms like Metatrader4 ECN, MT5 or Currenex. Compare GCI Financial vs FXDD Malta and see who offers 4 digits or 5 digits pricing, which of the two allows experts advisors on the MT4. When performance-based fees are charged, the financial advisor is paid for outperforming a benchmark, typically an index. For instance, research has shown that mutual funds that use incentive fees take on more risk than funds that do not, and tend to double down and increase their risk following a poor performance. This could be detrimental to a client during down markets.

GCI Trading Safety and Security

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. A regulatory agency has previously denied, suspended, or revoked the firm’s or an advisory affiliate’s registration or license or otherwise restricted their activities. In the past ten years, a regulatory agency other than the SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. GCI offers a customer support help desk in eight different languages, including English, German, Russian, and Japanese.

Apparently the 4 digit server which gci gives clients are actually market made so in other words, there is a dealing desk so when you make money on that server, be sure you will be stopped! GCI gives this as default to clients because they are very aware 80-90% of traders will face so the odds is good for them. I won’t penalise them for having a business strategy but I still find it not ethical to open up. If you have lost money to a crypto fraud, you can retrieve your funds with the help of fund recovery assistance. Chargebax experts deal with numerous fund recovery cases and have helped our clients retrieve funds from crypto scams, forex scams, and disputes. We create intelligence reports, negotiate with banks and provide a plan of action that will help you get your funds back.

Potential traders need to do as much as possible research about speculative trading before commencing to do it and while trading. Trading successfully relies heavily on knowledge and understanding of the markets, therefore research options offered by brokers form an integral part of its features when choosing the right company to trade with. 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. A forex account is a trading account held by a trader with a company like GCI Trading, that is issued with the primary purpose of trading through its platforms.

TOP BROKERS 2021

After completion of the form, it needs to be printed, signed, scanned, and returned to GCI Trading via email along with a copy of valid identification. After verification funds will be returned to the original account via credit or debit card, eCash, or bank wire transfer. Our client is a financial organization providing banking services to individuals and businesses in North America. GCI Financial, like many other crypto schemes, promises returns that can’t be guaranteed. This creates not only disappointment but is an ethical problem for any broker. Risky assets like crypto or forex can’t be predicted and can rise and fall quickly.

I trust that this email will find you well, regardless of Covid taking a toll on Germany these days… Email address ib@gcitrading.com is also operative with no detected incidences. After 5 days i posted about my problem here, my withdrawal sent. For me, I am done with them and I will not recommend if you are into trading to make money. We invite you all to try out a Free GCI Demo Trading Account and evaluate our services for yourself.

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.

Gannett is headquartered in McLean, Virginia, the US. Firm is a broker-dealer, or is affiliated with one, and may be subject to compensation-related conflicts of interest. When firms are dual-registered as broker-dealers, they may be subject to compensation-related conflicts of interest, including revenue sharing from mutual funds and the sale of proprietary investment products. These conflicts can negatively impact clients via hidden fees and overall higher costs. Orders take very long time to be executed are all market orders are executed at the defavor of the trader since they sytematically requote the price you see on the chart. I would recommend that everybody stays away from this broker since they clearly are frauding their clients.

Trading with leverage can wipe your account even faster. CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors.

It is actual stock market indexes that measure the value of a specific section of a stock market. The process to open an account can be started from links on the company homepage. Traders need to complete an account application and send it with your identification documents and verification of address.

For any further questions feel free to comment below. If you would like to leave a review of GCI Financial or review FXDD Malta, feel free to do so too. Gain key insights into the company for academic or business research.

Well, I will make a conclusion of this behaviour in public sites about brokers. Regardless, I do share the same perception as yours and do acknowledge that your enquiry has not been addressed in a timely manner. GCI has been experimenting a pic of business activity that explains, at least partially, these delays.

The company aims to provide superior trading and customer service. It offers spreads from as low as 1 pip, interest paid on your account balance, direct interbank trading access, and the lowest margin requirements for all products. The broker offers trading in over 30 currency pairs, across various trading platforms, with fixed spreads. Traders can also trade in stock market indices and commodities.