GCI Financial Ltd is a prize-winning forex and CFD broker contribution to the MetaTrader 4 (MT4) and ActTrader platforms. Our survey of the broker’s administrations covers product downloads, accessible business sectors, demo records, and client service. See whether you ought to log in and begin trading with GCI.
GCI Financial Company Details
Established in 2002, GCI Financial Ltd offers more than 300 tradable financial assets and instructive apparatuses for the two amateurs and experienced brokers. The company has customers from everywhere in the world, including Europe, India, and Australia.
Nonetheless, in spite of getting various honors throughout the long term, the broker is unregulated, and it isn’t clear where its administrative center is based.
GCI offers the MetaTrader 4 (MT4) trading stage – the main framework among merchants, all things considered. The entirety of the broker’s tradable financial assets are accessible on MT4 alongside various highlights:
- 30+ implicit specialized charting indicators
- Master Counselors (EAs) upheld
- NDD and ECN request handling
- Moment market execution
- Moment fills in forex
- A single tick trading
- Nine-time frames
The MT4 64-bit download is accessible from the broker’s site.
ActTrader is refined forex programming that offers trading across every accessible item. The stage accompanies a scope of apparatuses:
- Back-testing on chronicled financial information
- Many specialized indicators
- Constant record articulations
- Customizable interface
- A single tick trading
- Value cautions
- Moment fills
ActTrader is accessible as a free download from the broker’s site.
GCI Financial proposals more than 300 instruments across a few resource classes:
- Forex – Exchange 40 major, minor, and exotic currency pairs including EUR/USD, EUR/GBP, and AUD/USD
- Indices – Exchange 17 world stock market indices, including the FTSE 100, Dow Jones, and S&P 500
- Metals – Exchange on gold, silver, platinum, palladium, and copper
- Commodities – Exchange on oil and flammable gas, just as commodity-backed bonds
- Shares – Exchange on a scope of worldwide shares including Facebook, Deutsche Bank, and Sony
Spreads and Commission
Spreads begin at 1 pip for the EUR/USD and around 2 pips for the GBP/USD and EUR/GBP. Regular spreads on major indices, like the FTSE and Dax, start at 3 focuses. Spreads on gold and silver are 45 and 5 separately.
Records are commission-free, so it’s simply the spread to consider. Generally, trading charges are around the business-standard.
Across both MT4 and ActTrader, the most extreme leverage on currencies is 1:400, while on shares, it’s 1:20. Note, ESMA guidelines limit leverage rates to 1:30 for occupants from Europe.
GCI offers both the ActTrader and MetaTrader 4 platforms in mobile application forms, permitting brokers to get to the markets and deal with their records from compact gadgets. Clients approach a significant number of similar highlights as the work area platforms.
The apps are viable with the two iOS and Android gadgets and can be downloaded for free from the Apple Application Store or the Google Play Store. There is likewise a mobile site for ActTrader clients, which means customers can do exchanges from a mobile program without downloading extra software.
Traders can subsidize their account utilizing a few charge-free methods:
- Wire transfer – 1 – 3 workdays
- Perfect Money – 1 workday
- Neteller – 1 workday
- Skrill – 1 workday
The base deposit is $500, and there is no most extreme deposit limit. Note a few methods may charge their own bonus expenses.
Withdrawals can be made through similar methods recorded previously. Traders should finish a withdrawal structure (on the web or PDF) accessible from the customer entry and email it back to the broker. There are no withdrawal charges, and most payment demands are handled within 24 hours.
GCI Financial presents demo accounts with both the MT4 and ActTrader platform downloads. Clients can work on trading with $50,000 in virtual assets, with no financial danger. In case you’re uncertain whether to open an account subsequent to perusing this audit, the test system account is an extraordinary method to test the broker’s financial administrations for yourself.
Bonuses and Promotions
GCI offers a selective advancement of half reward edge on deposits more than 10,000 USD or EUR. Deposits, not exactly this, will be dependent upon the customary 25% reward edge.
The broker likewise offers 4% premium on your normal everyday balance, which is credited toward the finish of every month. Traders should check the broker’s site for any progressions or further income promotions.
Notwithstanding winning different honors, GCI LLC isn’t regulated. This is a worry. Unregulated suppliers don’t give a similar level of safety as completely authorized brokers. It likewise brings up issues about whether GCI Financial is a trick. Customer surveys don’t propose that is the situation, yet readers ought to be watchful given the gathering’s absence of genuine administrative oversight.
GCI offers schooling and assets focus, containing different trading devices to help both fledgling and master traders. This incorporates day-by-day news, e-learning assets, a currency calculator, forex charts, trading signals, and a monetary schedule. The lone issue is that a large part of the instructive substance and trading signals haven’t been refreshed in years.
GCI’s account offering depends on the two platforms accessible: MetaTrader 4 and ActTrader. The two accounts require a $500 introductory deposit and offer to trade in forex, indices, metals, crude oil, individual shares, and commodities.
The ActTrader account requires 10,000 currency units for every parcel, while the MetaTrader account requires 100,000 currency units for each part. The MetaTrader account likewise gives you a decision of ECN or customary execution, no requotes or deferrals, and NDD moment execution in significant monetary forms.
Benefits of trading with GCI include:
- Two trading platforms, including MT4
- 300+ tradable financial assets
- Grant winning on the web broker
Disadvantages to making a GCI trading account include:
- Unregulated broker
- Long live chat stand by times
- Obsolete schooling community
Forex can be exchanged 24 hours every day, be that as it may for different assets, trading times change:
- North American shares – 9:30 am – 4:00 pm EST
- European shares – 3:00 am – 11:30 am EST
- Asia-Pacific shares – 8:00 pm – 2:00 am EST, or 8:00 pm – 10:00 pm and 12:30 am – 2:00 am EST, contingent upon the offer.
- Commodities – Sunday 6:00 pm – Friday 4:00 pm EST
- Forex futures – Sunday 5:00 pm – Friday 4:00 pm EST
- Indices – changes by the record. See the broker’s site for subtleties
GCI offers a customer support help work area in eight unique dialects, including English, German, Russian, and Japanese.
The broker can be reached by means of:
- Email – firstname.lastname@example.org
- Telephone number – +1 800 604 2457 (24/5 GMT)
- Live chat – situated in the base right-hand corner of the site
Sadly, it’s anything but some time to break through to live chat support.
The MetaTrader stage is ensured with industry-standard Secure Sockets Layer (SSL) encryption. It’s anything but obvious from the site what levels of security the ActTrader stage has. GCI does, be that as it may, have a protection strategy on the site itemizing their information assortment measures.
GCI offers a nice broadness of tradeable financial assets on the MetaTrader 4 and ActTrader stages. The broker offers sans commission accounts just as a completely highlighted demo account. Nonetheless, the obsolete instruction place and the absence of regulatory oversight may discourage a few traders.
GCI acknowledges traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most different countries.
Traders cannot utilize GCI from Afghanistan, Bosnia And Herzegovina, Cuba, Eritrea, Ethiopia, Iran, Iraq, Kyrgyzstan, Laos, Libya, Korea, Sudan, Syria, Venezuela, Yemen, Uganda, United States.
Alternatives to GCI
On the off chance that you are searching for alternatives to GCI, we have ordered a rundown of the top 5 brokers that are like GCI beneath. This rundown of brokers like GCI is arranged by similitude and just incorporates organizations that acknowledge traders from your area.
OctaFX – OctaFX offers multi-asset trading on a scope of stages and portable arrangements.
RoboForex – RoboForex is a multi-asset online broker contributing amazing trading associates.
Hantec Markets – Hantec Markets is a multi-controlled online FX broker offering MT4 and a customized administration giving gigantic adaptability to suit any trader.
IronFX – IronFX offers web-based trading in forex, stocks, prospects, commodities and cryptocurrencies
HYCM – Dealing on the financial markets with minimal expense, leveraged items at HYCM.
Is GCI Financial a trick?
GCI Financial Ltd is at present unregulated. All things considered, online customer surveys don’t propose that the broker is a trick. All things considered, we generally suggest opening a record with an authorized supplier first.
What assets does GCI offer?
GCI presents more than 300 tradeable instruments in forex, indices, shares, metals, commodities, and CFDs.
How might I put aside an installment at GCI?
Deposits can be made by means of wire transfer, Perfect Money, Skrill, or Neteller. You can deposit assets from inside your record entrance, and the base installment accepted is $500.
Does GCI offer a demo account?
Indeed, GCI offers a demo account with both the MetaTrader 4 and ActTrader stages. Clients approach $50,000 in virtual assets to work on trading.
What is the greatest leverage offered at GCI?
GCI offers the most extreme leverage of 1:400 with live records. For trading in online shares, leverage is covered at 1:20.