20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
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GCI Review 2024
Minimum
deposit:
deposit:
- 500 US dollars
Trading platform:
- ActTrader
- MetaTrader4
Bonus for deposit:
- 0%
Minimum
deposit:
deposit:
- 500 US dollars
Trading platform:
- ActTrader
- MetaTrader4
Bonus for deposit:
- 0%
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Summary of GCI Trading Company
GCI is a high-risk broker with the TU Overall Score of 2.76 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by GCI clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. GCI ranks 339 among 412 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
GCI is a broker that is suitable for both novice and professional traders due to the availability of different account types, including demo accounts.
GCI has been operating in the financial market since 2002 and is one of the first to provide traders with access to Forex and CFDs. The brokerage company offers trading currency pairs, metals, and CFDs on stocks, indices, futures, and commodities. The broker is registered in Saint Lucia under registration number 2023-00048.
| 💰 Account currency: | USD and EUR |
|---|---|
| 🚀 Minimum deposit: | $500 |
| ⚖️ Leverage: | Up to 1:400 for currencies and up to 1:20 for certain stocks |
| 💱 Spread: | From 1 pips |
| 🔧 Instruments: | Currency pairs (39), CFDs on stocks (180+), indices (17), futures (7), commodities (11), and metals |
| 💹 Margin Call / Stop Out: | No |
👍 Advantages of trading with GCI:
- The broker has received numerous international awards, including “Best European Forex Broker” and “Best Introducing Broker”;
- Availability of ActTrader and MetaTrader 4 for trading from PC and mobile devices, regardless of the operating system;
- Absence of trading fees increases trading efficiency;
- Hedging, which is opening positions on the same instrument in different directions to reduce risks, is available;
- Demo account provides for novice traders to learn trading without financial risks, and experienced clients to try out different trading strategies.
👎 Disadvantages of GCI:
- A small choice of payment methods for depositing and withdrawing funds;
- The broker is not licensed by any regulator that controls the activities of companies in the field of financial services;
- No cent accounts.
Evaluation of the most influential parameters of GCI
Geographic Distribution of GCI Traders
Popularity in
89.5%
IN
6.6%
JP
6.1%
US
3.3%
CA
3%
DE
2.56%
ZA
2.33%
FR
2.3%
MA
2.2%
CI
2.1%
SK
2.01%
Others
User Satisfaction i
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Expert Review of GCI
GCI has been providing services for more than 20 years and during that period it has earned a reputation as a client-oriented broker with favorable trading conditions and security guarantees for traders. This broker has been repeatedly awarded as the best in the field of innovation, in the Forex market, and in other categories. The company cares about the safety of its clients' funds, therefore it keeps their money in segregated accounts with tier-1 international banks. Also, trading accounts are protected from negative balances.
This brokerage company offers ActTrader, MetaTrader, demo, and ECN accounts. ECN technology allows private traders to have direct access to interbank prices and spreads without fees. This broker has floating spreads depending on the type of financial instrument. The maximum leverage is 1:400, and it is 1:20 for some types of stocks. For new and existing clients, there is a promotional offer with the opportunity to receive up to a 50% margin bonus.
Trading conditions are as transparent as possible. Also, the company's website provides the necessary legal documentation, and all personal data of its clients is protected from access by unauthorized persons through the use of the SSL encryption protocol. The support service is competent, quick, and works 24/5.
Dynamics of GCI’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets and Products of the Broker
GCI does not offer PAMM accounts and diversified portfolios as passive income options. However, users of MetaTrader 4 can use the MQL4 copy trading service. It provides signals of successful traders for users to connect to them in the trading platform. You can trade through MQL4 without knowing the specifics of financial markets, using someone else's experience, and having the opportunity to choose the most successful signal provider. Also, GCI monthly accrues 4% per annum on the amount of the deposit.
Important!
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Partnership programs from GCI:
“Refer a friend”. For each attracted new client (referee) who funds a live account, the company gives rewards to its partners and their referees. The amount depends on the deposit. With a deposit of $2,000-$4,999, the reward is $200, with a $5,000-$9,999 deposit, the reward is $400, with a $10,000-$19,999 deposit it is $600, and with a deposit from $20,000, the reward is $1,000. Referees receive 50% of the partner's reward;
Introducing Broker (IB). Companies and individuals can attract clients through any platform and receive fees of up to 2 points for trading volume. This broker provides various tools to attract new traders, such as website quotes, trading signals, and eBooks;
White label. This program provides for using GCI’s infrastructure and technology to conduct business under your own brand. This is a ready-to-operate solution with such services as setting up trading platforms with your own logo, 24/7 support, a personal manager, and much more.
The reward is credited to the account depending on the type of program. For “Refer a friend”, it is credited automatically after referees fund their trading accounts. For IB partners the reward is credited monthly, of the total trading volume of attracted clients.
Trading Conditions for GCI Users
GCI offers more than 250 financial instruments, MetaTrader and ActTrader, and two account types with different conditions. Trading leverage is up to 1:400 for currencies and up to 1:20 for other assets. To test trading conditions and various strategies, the broker offers a demo account. GCI does not have cent accounts.
500 US dollars
Minimum
deposit
1:400
Leverage
24/5
Support
| 💻 Trading platform: | MetaTrader 4 (desktop, mobile, and web versions) and ActTrader |
|---|---|
| 📊 Accounts: | ActTrader, MetaTrader, and demo |
| 💰 Account currency: | USD and EUR |
| 💵 Replenishment / Withdrawal: | Bank cards, bank transfers, and Perfect Money |
| 🚀 Minimum deposit: | $500 |
| ⚖️ Leverage: | Up to 1:400 for currencies and up to 1:20 for certain stocks |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: | From 1 pips |
| 🔧 Instruments: | Currency pairs (39), CFDs on stocks (180+), indices (17), futures (7), commodities (11), and metals |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | Own providers |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market execution |
| ⭐ Trading features: | Zero trading fees |
| 🎁 Contests and bonuses: | Yes |
Comparison of GCI with other Brokers
| GCI | RoboForex | Eightcap | Exness | Octa | FxGlory | |
| Trading platform |
ActTrader, MetaTrader4 | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MT5 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MetaTrader4, MetaTrader5 | MT4, MobileTrading, MT5 |
| Min deposit | $500 | $10 | $100 | $10 | $25 | $1 |
| Leverage |
From 1:1 to 1:400 |
From 1:1 to 1:2000 |
From 1:30 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:3000 |
| Trust management | Yes | No | No | No | No | No |
| Accrual of % on the balance | 4.00% | No | No | No | No | 8.00% |
| Spread | From 1 point | From 0 points | From 0 points | From 1 point | From 0.6 points | From 2 points |
| Level of margin call / stop out |
No | 60% / 40% | 80% / 50% | No / 60% | 25% / 15% | 20% / 10% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Instant Execution, Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | Yes | No | No | No | No |
Broker comparison table of trading instruments
| GCI | RoboForex | Eightcap | Exness | Octa | FxGlory | |
| Forex | Yes | Yes | Yes | Yes | Yes | Yes |
| Metalls | Yes | Yes | Yes | Yes | Yes | Yes |
| Crypto | No | No | Yes | Yes | Yes | No |
| CFD | Yes | Yes | Yes | Yes | Yes | Yes |
| Indexes | Yes | Yes | Yes | Yes | Yes | No |
| Stock | Yes | Yes | Yes | Yes | Yes | No |
| ETF | No | Yes | No | No | No | No |
| Options | No | No | No | No | No | No |
GCI Commissions & Fees
Information
TU specialists have analyzed GCI fees. The company does not charge any fees, but there are spreads, which depend on the particular financial instrument and start from 1 pips. For more information, see the Spreads & Margins section. This broker does not charge deposit or withdrawal fees, but banks and payment services can withhold a fee for their services.
| Account type | Spread (minimum value) | Withdrawal commission |
| MetaTrader | $10 | No |
| ActTrader | $10 | No |
For most instruments, there are swaps for transferring positions overnight. TU analysts also compiled a comparative table of average trading fees of GCI, RoboForex, and Pocket Option.
| Broker | Average commission | Level |
| GCI | $10 | High |
| RoboForex | $1 | Low |
| Pocket Option | $8.5 | Medium |
Detailed review of GCI
GCI focuses on the most comfortable and profitable trading conditions. It does not set restrictions on the use of trading strategies and provides the fastest market execution. Clients can use the service of copying signals, automated trading, and newsfeeds to stay current on financial matters. You can trade on two live account types, or you can open a demo account for risk-free virtual currency trading.
GCI by the numbers:
-
250+ trading instruments;
-
15 different international awards;
-
More than 20 years of experience in financial markets.
GCI is a broker for ECN and social trading
GCI offers trading on standard accounts or choosing the ECN technology that allows retail traders to trade directly with large banks and financial institutions. ECN trading is beneficial for clients due to the minimum trading spreads. Currency pairs, metals, and CFDs on stocks, indices, futures, and commodities are available for trading. For passive income, there is a platform that provides the service of copying signals of successful traders.
Clients of the broker can use the stationary and mobile MetaTrader 4 and ActTrader platforms. The company also offers the GCI Trade Copier plug-in for creating an unlimited number of user accounts with further copying trades from the main account to all sub-accounts.
Useful services offered by GCI:
-
Live chat. The company's website offers live chat for the fastest communication with representatives of the broker and real-time resolving issues;
-
Forex charts. Traders can trade directly from the charts using a variety of technical indicators;
-
Economic calendar. The company's clients have access to all the necessary information about events that can significantly change the situation in the financial market;
-
ActTrader account statements. There is no need to look for information in your user account. All data is displayed on the Account Statement page. You can also get information about transactions for any period directly in ActTrader.
Advantages:
1
The company's capital is separated from client funds, and all traders' money is held in accounts with reliable international banks;
2
This broker provides a lot of useful information and various tools for comfortable trading;
3
Orders are confirmed within seconds at prices accepted by traders;
4
Client accounts are protected from negative balance, so it is impossible to lose more than what is on the trading balance;
5
The opportunity to receive 4% per annum of the deposit.
The personal data of the company's clients are securely protected by a privacy policy and SSL encryption technology, which prevents the interception of information by third parties.
Guide on how traders can start earning profits
GCI offers two main account types depending on the chosen trading platform, such as MetaTrader 4 or ActTrader. This broker also has ECN accounts, which are available in the MetaTrader account settings. The maximum leverage for currencies is 1:400, and for some stocks, it is 1:20. On all account types, the minimum deposit is $500, with no trading fees, and spreads that start from 1 pips.
Account types:
Account Type
Description
MetaTrader
All assets are available for trading, the lot size is 1,000 stocks. You can trade using web or mobile versions of the trading platform. ECN trading is also available;
ActTrader
All financial instruments are available, and the lot size is 100 stocks. You can trade in the web version of the platform. ECN trading is not available.
Demo accounts can be opened regardless of the type of trading platform selected.
GCI is a broker with favorable trading conditions for novice and experienced traders, offering standard, ECN, and demo accounts.
Investment Education Online
Information
The GCI website has a comprehensive section with training and various useful resources. This broker provides a lot of important information for novice and professional traders.
Information available at GCI
Information not available on the GCI website
Review of Forex market
Technical and fundamental analyses
Trading strategy and decision making
Explanation of leverage
Glossary, definitions, and terms
The psychology of trading
Risk management
Rules of market analysis
Video tutorials
Major Forex operations
Economic calendar
Description of trading strategies
Guides on working with trading platforms
Basics of trading various assets
This broker does not offer cent accounts. To apply theoretical knowledge in practice, you can train on a demo account with virtual currency.
Security (Protection for Investors)
Information
GCI Financial Ltd has one representative office and conducts professional activities in accordance with the laws of Saint Lucia. When choosing a broker, traders should be aware of the increased risk of dealing with non-licensed companies.
👍 Advantages
- Client funds are separated from the company’s capital
- Negative balance protection
- Deposits of traders are held in segregated accounts with reliable international banks
👎 Disadvantages
- To open an account, verification (provision of documents and personal information) is required
- User accounts are activated only upon verification
- Small choice of payment systems for deposits and withdrawals
Withdrawal Options and Fees
-
To make any financial transactions on the account, verification of the user account is required;
-
Withdrawal methods are bank cards, bank transfers, and Perfect Money;
-
This broker does not charge withdrawal fees, but they may be charged by payment systems and banks;
-
Bank transfers take 1 - 3 business days. When withdrawing funds through Perfect Money, funds are credited within a business day;
-
There are no minimum and maximum withdrawal amounts.
Customer Support Service
Information
Support service operators are available 24/5.
👍 Advantages
- Non-clients of the broker can contact technical support
- Support is available in 8 languages
👎 Disadvantages
- Support is not available on weekends
- Call back is not available
To contact support, you can use the following communication channels:
-
telephone;
-
email;
-
live chat;
-
feedback form.
Support representatives respond to all users, whether they have a user account with the broker or not.
Contacts
| Foundation date | 1997 |
| Registration address | GCI Financial Ltd, 1st Floor, The Sotheby Building, Rodney Village, Rodney Bay, P.O. Box 838, Castries, St. Lucia |
| Official site | gcitrading.com |
| Contacts |
Email:
info@gcitrading.com,
Phone: + 1 800 604 2457 |
Review of the Personal Cabinet of GCI
To start trading through this broker, register and open a trading account. Below is a short guide:
1
Go to the GCI official website and click the “Register” or “Open a Live Account Now” button.
2
Complete the form indicating the user account type, trading account, your first and last names, email, country, and phone number. On the new page, provide your registration address, citizenship, account currency, asset types, deposit, annual income, introducing broker, and voucher code (if any).
A user account with all its functions is available only upon verification. After completing the registration forms, the next step is to send documents that confirm your identity and registration address to the broker's email. The user account is activated upon verification, as reported in the response letter.
Disclaimer:
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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FAQs
Do reviews by traders influence the GCI rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about GCI you need to go to the broker's profile.
How to leave a review about GCI on the Traders Union website?
To leave a review about GCI, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about GCI on a non-Traders Union client?
Anyone can leave feedback about GCI on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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