GCI Trading

GCI Trading review

GCI Trading is an offshore unregulated broker, founded in 2002. Our review reveals the risks associated with trading with this company. Make sure you know all the warnings and negative client experiences.

10% 0.5 out of 5

Cons

  • Unregulated offshore broker
  • High minimum deposit

Basic information

Number of CFD asset classes
5
Broker type
MM
Customer support
Mail, Chat
Deposit from
500 EUR/USD
Spreads
1 EUR/USD *The value is indicative from the broker's website. The spread amount is variable.
Real Stocks and ETFs
—
Platforms
MetaTrader 4 (MT4)
Instruments CFD
Commodities, Share CFDs, Forex, ETF, Indicies
Established
2002
Location
1st Floor, The Sotheby Building, Rodney Village, Rodney Bay, P.0. Box 838, Castries, St. Lucia
Last update:
7.12.2024

Introduction of the broker GCI Trading

GCI Trading is an offshore broker, established in 2002 and headquartered at Griffith Corporate Centre in Kingstown, Saint Vincent and the Grenadines. GCI Trading is a brokerage company that offers a wide range of trading instruments and platforms.

Trading Platforms and Tools

GCI Trading provides traders with the popular MetaTrader 4 (MT4) platform, available in desktop, mobile, and web versions. In addition to MT4, it also offers ActTrader. MT4 is well-known for its user-friendliness and a wide range of analytical tools, making it a popular choice for many traders.

The company offers three types of accounts: ActTrader, MetaTrader, and demo accounts. Real accounts are available in USD and EUR. The company offers 39 currency pairs, more than 180 CFDs on stocks, 17 indices, 7 futures, 11 commodities, and metals.

GCI Trading supports several methods for depositing and withdrawing funds, including bank cards, bank transfers, and Perfect Money. The minimum deposit is $500. Trading orders are executed with market execution and spreads start from 1 pip.

Reviews

Reviews and ratings for GCI Trading (also known as GCI Financial) on various platforms are mixed. On Trustpilot, GCI Financial has an average rating of around 3.5 stars out of 5, indicating varied user opinions. Some users praise the platform for its services, while others have concerns regarding transparency and customer support.

Google Reviews are also mixed, with a rating of around 3 stars. Users often report similar issues as on Trustpilot, including difficulties with withdrawals and communication with customer support.

If you don't want to go through the hassle of searching for other brokers, you can try brokers like eToro or XTB. These brokers are regulated in the EU. They offer stocks, fractional shares, ETFs, and CFDs on commodities, indices, and other instruments. Both brokers have a low minimum deposit and an unlimited demo account available with a virtual deposit of up to $100,000. Based on the results of our research, we recommend traders avoid GCI Trading due to numerous negative client reviews. GCI is not regulated and lacks licenses from CySEC. Despite their efforts to remain online, we advise refraining from engaging in trading activities with GCI Trading and its affiliated companies.

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