ECN, Electronic Communication Network, can best be described as a bridge linking smaller market participants to tier-1 liquidity providers through a FOREX ECN Broker. Equity or stock indices can represent a specific set of the largest companies of a nation or they can represent a specific stock market. It is actual stock market indexes that measure the value of a specific section of a stock market. There is no dealing desk execution, no re-quotes and scalpers and scalping EAs are welcome.
- You can decide for yourself if
GCI is a good broker for you or not by reviewing the criteria. - Client trading performance is enhanced by eliminating all commissions and fees.
- If you sent them a wire, there is no way to perform a chargeback on a wire.
- ITMOs are eligible to be traded to other nations and are typically in higher demand—and command higher prices—than non-ITMO voluntary carbon credits.
- Traders need to evaluate their objective, level of risk exposure and willingness to be exposed to risks, according to research done in South Africa.
The professional team is available 24/5 and offers multilingual support in English, German, Spanish, French, Turkish, Russian, and Arabic. While contract for differences (CFDs) trading is a form of derivative trading that enables traders to speculate on the rising or falling prices of fast-moving global financial markets, it’s trading on shares will incur commission. CFD trades on other markets have no commission but do wrap a spread around the market price of a certain instrument. Clients need to fill out an online withdrawal form when funds need to be withdrawn.
Leverage, Spreads, and Fees
Cryptocurrencies are complex, high-risk, and volatile and may result in the loss of all invested capital over a short period of time; they are not appropriate for all investors. GCI Trading has a longer operational history of delivering excellent customer support, and an excellent trading environment to over ten thousand customers globally. GCI Trading provides two platforms each linked to their respective account types, namely the ActTrader and MetaTrader 4 platforms. Available deposit currencies include EUR and USD, and deposits can only be made by account holders.
- Boasting a reputation anchored in superior trading conditions and an unwavering commitment to customer satisfaction, GCI continually sets benchmarks for the industry.
- Register for a complimentary GCI demo account and indulge in a risk-free trading simulation.
- ECN, standing for Electronic Communication Network, can aptly be visualized as a technologically advanced bridge that seamlessly connects smaller market players to the top-tier liquidity providers via an ECN FOREX Broker.
There are also different email addresses established for the language you want to use such as English, French, Spanish, German, Russian, Chinese and Japanese. Trade sizes start from 0.01 lots which are also known as micro-lote, they then go up in increments of 0.01 lots so the next trade would be 0.02 lots and then 0.03 lots. GCI is a brokerage company offering trading services for clients
since
2002 with
offices in
. There is no indication of any sign-up or other bonuses offered on the company website.
To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this broker, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. GCI Financial doesn’t mention deposit gci trading review bonuses, but they can offer incentives as an offshore broker. GCI Financial offers a risk-free Demo through both ActTrader and MT4. Embark on a transformative trading journey with MetaTrader 4, a globally celebrated platform, tailored to perfection with GCI’s world-class features.
Minimum Deposit
Easy and convenient systems for opening and managing account(s), for depositing or withdrawing funds. Investors must understand and acknowledge these specific characteristics and risks and be warned that there is no EU regulatory framework governing trading in cryptocurrency products. CFDs and Forex are not only complex instruments, but they also have a high level of risk which may result in loss of funds that exceed the trader’s initial deposit. The minimum deposit at GCI Financial is $500 which is higher than the standard deposit requirement of most forex brokers. 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.
ActTrader Account
GCI Trading does not charge any commission and offers fixed spreads starting from 1 pip. Spreads depend on current market conditions and may vary causing the spreads to be narrower or wider. The Refer-a-Friend promotion is available for all account holders who refer a friend that opens a live account.
GCI Online Trading offers some very competitive trading conditions, their spreads are very competitive for being non-commission based accounts, there are also plenty of assets to trade so you should always be kept busy. In regards to deposit and withdrawal methods, there are plenty of options available with no added fees for either depositing or withdrawing. All of these things make GCI seem like a tempting broker to pursue, but ultimately, the decision is up to you. Some companies provide an own proprietary platform, while others prefer well-known platforms. If there is a choice, the trader should keep in mind what he would like to trade. GCI Trading offers ActTrader and MetaTrader4 as the two trading platforms which are also linked to their respective account types.
Clients have complete control over whether they close or hedge their positions to reduce risk. GCI also has a “zero slippage guarantee” for all Forex Stop and Entry Stop orders. 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. GCI Financial maintains an insurance policy from Allied International Group () covering all customer funds.
GCI Trading Fees
GCI Online Trading has broken their assets down into 4 different categories which are forex, commodities, indices, and stocks, we will outline a few examples from each. 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. 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. 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.
GCI has over 10,000 clients worldwide, including individual traders, institutions, and money managers. 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. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.
According to it, the company is not allowed to offer financial services. For those seeking a broader spectrum of opportunities and a platform rich in features, the MetaTrader Account stands out. Whether you are a seasoned trader or an enthusiast, GCI’s MetaTrader account provides a dynamic trading environment with its extensive tools and functionalities. At GCI, the safety of client funds is more than just a regulatory mandate or a business protocol — it’s a solemn pledge. We understand the trust our clients place in us, and we are devoted to honoring that trust through steadfast commitment and unparalleled financial stewardship.
Learn Forex Trading
GCI offers online trading in both Gold and Silver – commission free with low margin requirements. 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. A perfect fit for traders who desire a streamlined and intuitive platform, the ActTrader Account offers a holistic trading experience. This platform excels in offering an amalgamation of agility, versatility, and innovation, making it an excellent choice for trading an array of major financial products.
A lot of forex traders usually complain about the deferrals in their withdrawals with extended waiting times reaching almost a month. Although the processing time is quite fast, the method of cashing out is quite a disadvantage and takes a lot of effort. Should you run into any problems, the customer service team are always on hand to provide you with fast and effective support. Members of the support team are available 24 hours a day, five days each week, with support provided via email, phone, and live chat.