There are no withdrawal fees and most payment requests are processed within 24 hours. At GCI, the safety of client funds is more than just a regulatory mandate or a business protocol — it’s a solemn pledge. We understand the trust our clients place in us, and we are devoted to honoring that trust through steadfast commitment and unparalleled financial stewardship. Underlying this https://forexarena.net/ seamless connectivity is the robust and sophisticated FIX Protocol, or the Financial Information Exchange Protocol.
GCI clients Pros and cons
Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. GCI offers a decent breadth of tradeable financial assets gci trading review on the MetaTrader 4 and ActTrader platforms. The broker also offers commission-free accounts as well as a fully-featured demo account. However, the outdated education centre and the lack of regulatory oversight may deter some traders.
Trade Sizes
Potential traders need to do as much as possible research about speculative trading before commencing to do it and while trading. Trading successfully relies heavily on knowledge and understanding of the markets, therefore research options offered by brokers form an integral part of its features when choosing the right company to trade with. The trading platforms are described as user-friendly, intuitive, and customizable, with charting tools and news, analysis reports, and financial calendars.
GCI Financial Accounts
This dual-ended process begins with the broker (like GCI) drawing liquidity from premier tier-1 providers, essentially the major banks, and making it accessible to its clientele. Simultaneously, the broker is responsible for transmitting client orders back to these Liquidity Providers, ensuring a fluid execution process. Traders should note however that depending on a specific bank service it may take several days for the money to be available in a client account. The full list of spreads for each currency pair is available on the broker’s website.
- These agencies enforce strict fund protection measures including leverage limits, negative balance protection and compensation schemes.
- A forex account is a trading account held by a trader with a company like GCI Trading, that is issued with the primary purpose of trading through its platforms.
- Funding to accounts at GCI Trading can be done via bank wires, credit cards and online payment programs such as Neteller and Skrill.
- This includes securing traders’ funds at top-rated banks, separate from its own operating capital.
- Engage with a zero-obligation demo account and practice with a generous $50,000 virtual fund.
Customer Support and Educational Material
Add in the lack of FCA oversight and British traders may want to think twice. The ActTrader platform provides newer traders with a powerful, easy-to-navigate interface, whilst MT4 is ideal for implementing complex trading strategies. For those seeking a more comprehensive trading experience, MT4 is one of the most popular online trading platforms for traders of all experience levels. GCI offers both the ActTrader and MetaTrader 4 platforms in mobile app versions, allowing traders to access the markets and manage their accounts from portable devices.
Therefore, we’ve carved out a robust array of resources tailored to buttress their ventures and fortify their value propositions. The process to open an account can be started from links on the company homepage. Traders need to complete an account application and send it with your identification documents and verification of address.
Both platforms are offered in several languages which include English, German, Spanish, French, Turkish, Russian, and Arabic. I was pleased to see when doing this review that a demo account can be set up with either of the two accounts. With the demo account, a trader can practice trading Currencies, Gold, Crude Oil, Stock Indices, and more with no risk while earning 4% interest on his balance. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. Yes, GCI offers a demo account with both the MetaTrader 4 and ActTrader platforms.
Daily trading signals are posted online as well as real-time Forex price quotes and there is a full economic calendar with up-to-date events scheduled to take place throughout the world. In addition to the video tutorials and a free trading demonstration, the broker offers lengthy textual lessons on a host of subjects such as Forex Markets, Risk Management and others. GCI offers a customer support help desk in eight different languages, including English, German, Russian, and Japanese. The broker also offers 4% interest on your average daily balance which is credited at the end of each month. Traders should check the broker’s website for any changes or further revenue promotions.
With that said, there are no commissions on any products, nor any charges for deposits or withdrawals, which helps to keep costs down. This includes securing traders’ funds at top-rated banks, separate from its own operating capital. The broker also claims to maintain a balance sheet with net capital above most regulators’ minimum requirements. I was impressed by the vast amounts of online resources to help traders navigate the platform, as well as free plug-ins and tools to add via the marketplace. ActTrader is a user-friendly, customisable trading platform that has user preference at its core.
Individual assets may vary, with all margin requirements detailed on the GCI website. The MetaTrader platform is protected with industry-standard Secure Sockets Layer (SSL) encryption. It is not clear from the website what levels of security the ActTrader platform has. GCI does, however, have a privacy policy on the website detailing their data collection processes. GCI is not adding any fees of their own, but be sure to check with your bank or processor to see if they have any fees of their own, especially when using Bank Wire Transfer or Perfect Money. Initiate your mobile trading journey today with a Free Demo or seamlessly transition between Demo and Live trading sessions.