When firms are dual-registered as broker-dealers, they may be subject to compensation-related conflicts of interest, including revenue sharing from mutual funds and the sale of proprietary investment products. These conflicts can negatively impact clients via hidden fees and overall higher costs. GCI Financial is a forex and CFD broker who prides itself on offering industry-leading https://traderoom.info/ trading conditions through advanced trading software. And with over eighteen years in operation, GCI Financial is one of the more established players in an increasingly crowded market. The ActTrader Account is ideal for traders wishing to trade currencies and other major financial products with a low minimum transaction size and user friendly interface.

• GCI also has a “zero slippage guarantee” for all Forex Stop and Entry Stop orders.
• Our client is a financial organization providing banking services to individuals and businesses in North America.
• For further detail, see our articles on different types of advisors and financial advisor services.
• GCI encourages potential clients to exercise caution and judgment when reading any forex broker “reviews,” whether positive or negative.

The MetaTrader4 platform is accessible from PC, iPhone, iPad, Android, or other mobile devices and there are free demo videos available that explain the download process for these as well as for PC’s and Mac’s. There is another contest offered on their Facebook page where the most accurate forecaster wins $1000 in cash and the next four most accurate forecasters win up to $800 Bonus Margin. There are two trading accounts to choose from at GCI Trading.

GCI Financial Alternative Brokers

For updates and exclusive offers, enter your e-mail below. If you wish to request a withdrawal, you will need to print, sign, scan, and email the form to the broker’s payments department. Additionally, you will need to send a valid ID, or the request will not be approved.

• A domestic or foreign court has previously found firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations.
• The ActTrader Account is ideal for traders wishing to trade currencies and other major financial products with a low minimum transaction size and user friendly interface.
• You can also access MT4 mobile apps for Android and iOS.
• You can launch Chrome or Firefox to browse the internet, access email, etc., and download any applications that you might need.

Firm or an advisory affiliate was previously found to have made false statements, omissions, or being dishonest and unfair by a regulatory agency other than the SEC or CFTC. GCI Financial is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Thus, the broker is suspected of gci financial review being a fraud company since it was not checked for its compliance before establishment, was never monitored in terms of its safety, and simply may operate the business in any way it wishes. Funding to accounts at GCI Trading can be done via bank wires, credit cards and online payment programs such as Neteller and Skrill.

Not your very typical broker.

There are strange adjustments that don’t make any sense when I close a position with profits. I made some big losses because the positions were not executed in time or were closed when I did not want them to close. There is no invitation or encouragement to invest in the Financial Markets such as CFDs, Forex, Binary Options, Indices, Cryptocurrencies and so on. We disclaim liability for any loss resulting from the use of information contained on this website. Any promotions, reviews, and other information in the website are just for the information purpose only.

GCI Financial’s minimum size is 0.01which isa tad higher than the standard range. That means the risks are a bit increased so this may disappoint investors who want to start out with a very lowlot size. For this reason GCI Financial’splatform gets a score of 9/10 points on our charts. GCI Financial doesn’t mention deposit bonuses, but they can offer incentives as an offshore broker. GCI Financial offers a risk-free Demo through both ActTrader and MT4. If you cannot get a withdrawal directly from the broker or your request is unreasonably delayed, you can contact us for help.

Sites like the Forexpeacearmy tried to communicate with GCI Financial because there were several traders complaining about them. GCI Financial just stopped to talk to traders that lost money there and also did not get back to Forexpeacearmy any more. This is very sad and already proves that something is wrong there. You don’t have to say much about GCI Financial because it’s pretty obvious that it’s a scam.

All you will need to do is log in to your MetaTrader 4 account, or download and install other software you would like to use. We have included Chrome browser and a number of other applications pre-installed for your convenience. Optimal connectivity for financial software cannot be achieved with all servers and ISPs. Withdrawals can be made via the same methods listed above. Traders will need to complete a withdrawal form (online or PDF) available from the client portal, and email it back to the broker.

GCI Financial Forex Broker Broker Review

Regardless of your billing cycle, there is never any obligation to renew, and no penalties for cancelling your service. Full time IT support staff are available across all time zones to assist you with setting up your VPS or troubleshooting any issues you may have. In the past ten years, firm or an advisory affiliate has been convicted of or pled guilty or nolo contendere (“no contest”) in a domestic, foreign, or military court to a felony. Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC.

This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. Firm actively engages as insurance brokers or agents, or they are affiliated with an insurance company or agency. The MetaTrader Account offers a wider product range and the use of the MetaTrader software platform. While default lot sizes are 100,000 currency units, traders can select as little as 0.10 lots to transact. Unlimited charting and programmable trading signals are among the features offered in GCI’s MetaTrader account.

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Stay safe against power outages or internet disconnections. The VPS is always active and functioning because FXVM offers 100% up-time guarantee. GCI offers a customer support help desk in eight different languages, including English, German, Russian, and Japanese.

As for GCI Financial, there weren’t any re-quotes and closing most of the deals was very fluid as it didn’t experience any lags. With GCI Financial, contacting their support team can be done via phone, chat, fax or email. The live chat was the one I presumed to be the easiest since I was already online and it was quite indeed fast as it only took less than 30 seconds before I was able to start a chat session with a person named Roger. I must say, he was very helpful and very quick in responding to my queries.

There are no withdrawal fees and most payment requests are processed within 24 hours. While this can be seen as “eating your own cooking,” there are conflicts that may arise. For example, front-running is when a financial professional buys or sell securities ahead of their client.

Our chargeback experts will evaluate your case during a free consultation to ensure that you’re on the right track with evidence collection. In November of the same year, the French AMF republished its own warning from July 2011 regarding the same firm. Since the company didn’t stop soliciting investors, they reacted once again. Since GCI Financial has been on the market for so long, we felt the urge to warn you about it. There are some things you ought to know before investing your hard-earned money. Please declare your traffic by updating your user agent to include company specific information.

Firm or one of its employees previously has been subject to a suspension or expulsion or other restriction of activities by a Self-Regulating Organization or commodities exchange. There is no dealing desk execution, no re-quotes and scalpers and scalping EAs are welcome. Only $500 is needed to start and there is a bonus of 30% on first deposits.

GCI prides itself on speed and efficiency of both opening new accounts and processing client withdrawals. Accounts can be funded via bank wire transfer or major credit card. We have also established multiple global fax numbers for our clients’ convenience and have a staff dedicated to making administration of your account fast, efficient, and secure. GCI provides both a proprietary trading platform (“ICTS”), as well as the popular Metatrader4 service offering. With the ICTS product, this full-featured trading platform provides constantly updated ‘Dealing Rates”, real-time account balance, P&L, and margin information, and real-time charts and news.

The latest GCI Financial review suggests that the company operates illegally and without a proper financial regulatory license. Please be aware of your investment into trading markets which is high risk and not suitable for everyone. Your orders will be filled in front of other traders who are competing for the same price. Fast execution means more pips and this is the reason traders around the world trust FXVM for their high frequency trading needs.

The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Please read GCI Trading Reviews below and share your live trading experiences with this broker. If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website.

Access from anywhere – You can remotely access your VPS from anywhere you have an Internet connection. Keep your PC desktop tidy – If you run your MT4 on your PC you will always have the terminal on the desktop. This can be annoying and also you could mistakenly close the terminal while closing other applications. With a VPS it is out of site unless you have your RDP connection running.

After ordering a Forex VPS plan, you will receive login information for a remote Windows desktop, which can be used with any RDP client. You can also connect using web client available in the Client area. This relationship may introduce bias where a firm or related person recommends certain securities with which they are affiliated, rather than others that may have higher returns. Firm or a related person recommends the purchase of securities where the firm or a related person serves as an underwriter or general or managing partner. The firm’s website is not secure by modern internet standards. Unlike HTTPS connections, HTTP connections are not encrypted.

Some firms receive these fees as payments, which creates an incentive to promote them. In the past ten years, a regulatory agency other than the SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. With all this said, opening an account with GCI financial is a relatively low-risk decision to make.