GCI Trading review
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.
Risk warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51 - 89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| Basic information | |
|---|---|
| Number of CFD asset classes | 5 |
| Broker type | MM |
| Customer support |
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| 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 |
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| 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: | |
Pros
<li>Has been operating for over 20 years</li>
Cons
Licences and regulation
We haven't found any known regulation for GCI Trading. This means that it's not apparent that GCI Trading is regulated by any official financial regulatory body. This lack of regulation may indicate that the company is not under the supervision of any regulatory authority.
