Launched in 2002, GCI Financial is a Forex and CFD broker that is focused on trying to deliver superior trading conditions and customer service. GCI Financial offers spreads from 1 pip, direct interbank (ECN) trading access, and low margin requirements for all products and even pays interest on your account balance. The broker’s advanced software allows you to easily trade from your PC, iPhone, or other mobile devices, whether it’s with MetaTrader or ActTrader. Traders are provided with educational resources and a client support team to assist them.
GCI Financial, Pros & Cons
- Flexible trading platforms
- Multiple trading instruments
- Economic calendar & other trading tools
- A selection of educational resources
- Unregulated broker
- Located offshore
- Limited account funding options
- No USA clients
- Not the lowest spreads
- No MetaTrader 5 platforms
- Minimum $500 deposit
In this detailed GCI Financial review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
GCI Financial Overview
GCI Financial is an online trading broker that allows traders to trade over 300 financial instruments across 6 asset classes, including forex, metals, shares, indices, commodities, and CFDs. The broker offers competitive spreads whilst charging zero commission on trades. Over the years, GCI Financial has been honored with numerous industry awards for its satisfactory trading services, and the awards include Best Innovative Forex Broker Europe 2013 and Best Broker Europe 2015, amongst others.
GCI Financial Regulation
There is no regulatory information on the Exchange’s website at the moment. Many experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
GCI Financial Countries
GCI Financial LTD does not offer its services if you are a citizen or resident of any of the following countries: Afghanistan, Bosnia and Herzegovina, Cuba, Eritrea, Ethiopia, Iran, Iraq, Kyrgyzstan, Lao PDR, Libya, North Korea, South Sudan, Sudan, Syria, Vanuatu, Yemen, Uganda or the United States of America.
Some GCI Financial features and products mentioned within this GCI Financial review may not be available to traders from certain countries because of legal restrictions.
GCI Financial Platforms
This is an advanced trading platform that was developed in 2005 by the Russian software company, MetaQuotes and has since grown to become one of the most widely used trading platforms amongst forex and CFD brokers owing to its trading interface that is designed to suit beginners and advanced traders alike. The GCI Financial’s MetaTrader 4 trading platform offers traders the following benefits:
- 1 to 2 pip spreads in major currencies
- Easy to learn with Free Forex eBook
- Full White label and Multi-Account support
- 4% interest paid on your account balance
- Instant fills in Forex
- No requotes or delays
- No-Dealing-Desk and ECN order processing
The broker makes the MT4 platform available on the desktop, web, and mobile versions.
The broker also provides traders with the ActTrader trading platform, a sophisticated and secure forex trading software that comes with unlimited charts and technical indicators. The platform allows users to trade currencies, gold, crude oil, and more, offering instant executions and no requotes or delays.
GCI Financial Trading Tools
The broker provides traders with a range of useful trading tools that are geared towards enhancing clients’ overall trading experience. They include the Currency Converter, Forex Charts, Trading Signals, Forex Economic Calendar, and more.
GCI Financial Education
Traders also get access to a good collection of educational materials on the broker’s website. They include Daily News, Ebooks, Press Releases, Blogs, Market Research, Guides, Video Tutorials, Glossary, and an FAQ section that offers instant answers to clients’ most common questions.
GCI Financial Instruments
The broker offers the following trading products: forex, metals, shares, indices, commodities, and shares.
GCI Financial Accounts & Fees
The broker offers multiple account types, which are based on the provided trading platforms. So, there is the ActTrader Account and the MetaTrader 4 Account. They require a minimum deposit of $500. A demo account that is preloaded with $50,000 in virtual funds is available for practice purposes.
As broker fees can vary and change, there may be additional fees that are not listed in this GCI Financial review. It is imperative to ensure that you check and understand all of the latest information before you open a GCI Financial broker account for online trading.
GCI Financial Support
The broker provides traders with a knowledgeable client support team that can be reached 24/5 during working hours through any of the following channels: Live Chat, telephone, email, social media, and call back form.
GCI Financial Deposit & Withdrawal
The following payment methods are accepted for account deposits and withdrawals at GCI Financial: credit/debit cards and bank transfer.
GCI Financial Account Opening
To open an account, click on the ‘Start Trading’ button and fill out the account application form as required.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
GCI Financial Summary
GCI Financial is a broker with many years of experience in the brokerage industry, offering over 300 financial instruments for trading online via a range of sophisticated trading platforms. But the broker is not regulated at the moment which could be a red flag for potential clients.
GCI Financial services include products that are traded on margin and carry a risk of losing all your initial deposit. Before deciding on trading on margin products you should consider your investment objectives, risk tolerance, and your level of experience on these products. Trading with a high leverage level can either be against you or for you. Margin products may not be suitable for everyone and you should ensure that you understand the risks involved. You should be aware of all the risks associated with regards to products that are traded on margin and seek independent financial advice, if necessary.