The client’s funds are held in segregated accounts at top-rated banks. GCI maintains a balance sheet with Net Capital more than most minimum regulatory requirements, and clients earn 4% interest on their deposits, whether it is in EUR or USD. Execution-only brokers, which do not involve in personal investment advice and give traders complete control over how they trade the markets, usually charge lower commissions. Commissions are the charges imposed by an investment broker on a trader for making trades on the trader’s behalf. The level of commissions depends on the asset being traded and the type of service offered by the broker. I have live account to gci trading, last three days i am trying to get hold of them but no one answers, i need help.

If this is not granted, contact ChargeBax right away. GCI Financial has been called out for not having adequate licensing. Any of the above scenarios may be the case with GCI Financial. The bottom line is that this broker does not have an adequate license.

Can I write a review of GCI Financial Group or file a complaint?

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. 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.

• Only $500 is needed to open, traders can trade up to 10,000 currency units per lot and can maintain several accounts simultaneously.
• This is a single user license, allowing one user access to the product.
• You don’t have to say much about GCI Financial because it’s pretty obvious that it’s a scam.
• One of the most important aspects is GCI Financial’s customer service vs FXDD Malta’s customer service.
• I think that, this is very good forex broker for bgneenirs.
• •Zero commissions.Client trading performance is enhanced by eliminating all commissions and fees.

GCI Financial is a forex and CFD broker who prides itself on offering industry-leading trading conditions through advanced trading software. And with over eighteen years in operation, GCI Financial is one of the more established players in an increasingly crowded market. The full list of spreads for each currency pair is available on the broker’s website. Hence, although no deposit bonuses are a great way to help you start trading, the terms to benefit from it often require trading with such a high volume before you can withdraw profits, that it may not be worthwhile.

GCI Financial Overview

Our searchable database of U.S.-based financial advisors includes more than 17,000 firms across the country. Each month, the investor.com Trust algorithm downloads the latest regulatory data from the SEC IAPD database. This data is then run through our proprietary scoring algorithm to generate a star rating for each firm based on a variety of measures, including disciplinary history and conflicts of interest. 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.

Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

TOP BROKERS 2021

Their online support is not great but so far my account manager has answered all my questions. You can visit our feedback page to see what some of our satisfied clients have to say about our services. We’d also be happy to answer any questions you may have by email or through our Live Chat. Their staff deliver modern banking solutions tailored to the needs of their individual clients. GCI Financial has been flagged for having a negative reputation. This is not just due to negative customer reviews, but includes notifications from regulators and GCI Financial may have had been the subject of poor press coverage.

Our experts have assessed this broker but could not confirm if GCI Financial is safe. No, but fees from a financial institution may apply. This involves the trading of gold, silver, and other precious metals as hard commodities that are contract-based tradable. Equity or stock indices can represent a specific set of the largest companies of a nation or they can represent a specific stock market.

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. While GCI Financial Group advises clients across a variety of portfolio sizes, the average client balance is currently $822,327. In total, GCI Financial Group manages $79.8 million in assets. This relationship may introduce bias where a firm or related person recommends certain securities with which they are affiliated, rather than others that may have higher returns.

GCI Financial a zero commissions broker, and provide relatively low spreads with similarly low margin requirements. 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. The trading platforms are described as user-friendly, intuitive, and customizable, with charting tools and news, analysis reports, and financial calendars.

Trade with a Regulated Broker

Any opinions, news, research, predictions, analyses, gci financial reviews or other information contained on this website is provided as general market commentary and does not constitute investment advice. FX Trading Revolution will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information. Firm offers products that have performance-based fees; the managers of those products may be incentivized to take inappropriate risks to beat their performance benchmark. Firm offers mutual funds that carry 12b-1 fees, which increases the total annual cost of owning the fund .

• We have also established multiple global fax numbers for our clients’ convenience and have a staff dedicated to making administration of your account fast, efficient, and secure.
• The broker offers trading in over 30 currency pairs, across various trading platforms, with fixed spreads.
• However, brokers who are involved in fraud will not release funds and will make excuses or charge huge fees for the right.

•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. •Product Offerings.In addition to Forex, GCI offers trading in indices, shares, and commodity CFDs, as well as options on most products. With all this said, opening an account with GCI financial is a relatively low-risk decision to make.

GCI Financial Broker Review 2021

The high volatility of energy prices due to political, environmental, and several other factors, is a typical feature of this product, making it a popular trading choice. Deposits or withdrawals can only be made by account holders and no third-party deposits are accepted. All applications are subject to verification by GCI Trading and when you are accepted accounts can fund it with USD or EUR currencies using several payment methods. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.

And really, swap for eurgbp.s increased slightly faster than it decreased for eurgbp. The three days swap for eurgbp.s comes in on Wednesday and for eurgbp Friday. That said after Friday there was a dip in that swap arbitrage net gain which got healed on Wednesday. It's simply not acceptable what you offer to your clients. It also appears that our GCI Relationship Manager Edgar, who offered on several instances to have a call over the phone with our client Mr René N., was unfortunately not put in the loop immediately.

Although the graphics are few, the text is easy to read and is neatly outlined. Even the platform explanations were simple and beneficial for traders on all levels of trading experience. There is no indication of how long a withdrawal takes.

We recommend taking a look at our reliable forex broker instead. As a financial advisory firm, GCI Financial Group can provide a variety of financial planning services for Americans. Financial advisors help you achieve your life goals, such as saving for retirement, by creating a comprehensive financial plan and managing your investment portfolio (e.g., stocks, ETFs, mutual funds, bonds). Firm actively engages as insurance brokers or agents, or they are affiliated with an insurance company or agency.

Financial professionals should disclose all positions they hold that they will also be recommending to their clients. Firm or an affiliate actively engages in business as a law firm or lawyer. When operating in this dual capacity, advisors may be incentivized to implement plans as an attorney that could drive higher revenue for themselves as investment advisors. A domestic or foreign court has previously found firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations. The SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. 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.

Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions. • GCI has over 10,000 clients worldwide and provides an advanced, secure, and comprehensive online trading system. One of the benefits of being so long in operation is that GCI Financial has really streamlined their back-office operation. New accounts can be set up and processed very efficiently, meaning you can be up and trading within a matter of hours. Accounts can be funded via bank transfers, credit and debit cards, and a number of e-payment solutions, with transactions usually being processed very efficiently.

With over eighteen years in operation, GCI financial are one of the more experienced brokers currently around. You must understand that Forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose!

As a consumer advocacy project, https://traderoom.info/.com does not charge any licensing fees for earned state accolade badges. While this can be seen as "eating your own cooking," there are conflicts that may arise. For example, front-running is when a financial professional buys or sell securities ahead of their client.

For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. Please declare your traffic by updating your user agent to include company specific information. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. Your request has been identified as part of a network of automated tools outside of the acceptable policy and will be managed until action is taken to declare your traffic. If GCI Financial shows any of these characteristics, demand a withdrawal of all of your funds immediately.