GCI Financial Review
GCI Financial Review
GCI Financial offers 2 forex trading account types, depending on the trading platform. Both accounts offer commission-free trading, variable spreads, leverage up to 1:400, and 4% annual interest paid on the account balance. Unfortunately, micro lots are not available with this broker.
Trading-wise, things are pretty standard. The broker offers the MT4 and ActTrader platforms and if you opt in for MT4, you will be able to choose between a dealing desk and ECN execution. Strange as it may seem, ECN spreads are higher than traditional ones, which are as low as 1 pips on EUR/USD.
The Company. Security of Funds
GCI Financial LLC
GCI Financial is a Forex and CFD broker, which offers a wide range of instruments for trade (including binary options) on two trading platforms. Previously it was regulated in Belize, but withdrew its license in 2009. Currently, GCI Financial is headquartered in Anguilla, an island in the British West Indies, and is not regulated by any authority.
As investing with offshore (and/or unregulated) companies is very risky, we generally advise traders to avoid them and to select among brokers regulated by reliable authorities such as UK’s FCA, CySEC, or Australia’s ASIC.
However, GCI Financial has over 14 years of experience in the forex business and has earned a fairly good reputation among traders – most user reviews about this brokerage are positive. So, if you prefer offshore brokerages for some reason, GCI Financial is a good choice.
GCI Financial supports the most popular platforms among traders – MetaTrader 4 (MT4), as well as ActTrader.
MT4 is preferred by both beginners and experienced traders, because it is easy to use and yet equipped with advanced charts and technical analysis indicators so that users can make appropriate decisions and trade the financial market. The platform also offers a wide range of Expert Advisors (EA), allowing clients to fully automate their trades. In this regard, the broker also provides the use of VPS services to its clients.
ActTrader, on the other hand, is a fully featured retail trading platform that is customizable and easy to use. It comes with a number of useful functionalities, such as built-in one-click trading capabilities and option to trade from the charts, advanced charting tools and analysis indicators. With this broker, it is available as desktop, web and mobile versions.
GCI Financial offers a Refer-a-Friend program and its clients can get a referral bonus of up to $1,000:
Methods of Payment
GCI Financial offers its clients the following payment modes: credit/debit card, bank wire transfer, and popular e-wallets Skrill, and Perfect Money.
GCI Financial is an offshore broker that has been operating on the FX scene for more than 14 years. It offers an extensive product portfolio with competitive trading conditions on two platforms.
GCI Financial Review Conclusion
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