GCI Trading is an old broker (founded in 2002) that provides diverse account types, along with a demo option, designed to cater to a variety of trading preferences. GCI broker offers convenient deposit methods such as Bitcoin, PerfectMoney, and bank wire transfers. Supporting a high leverage cap of 1:400, the company allows traders flexibility in strategy with an accessible minimum order size. In this comprehensive review, we'll explore GCI's features, account types (MT4, ActTrader), platforms, and more to help you decide if it fits your trading needs correctly.
Company Information & Regulation Status
GCI Financial Limited has operated as an online forex and CFD broker since 2002, providing traders access to global financial markets. While the company boasts over two decades of experience, it's crucial to note that the broker lacks regulation from central financial authorities. This lack of oversight raises some concerns about trader protection and fund safety.
Summary of Specifics
Let's take a closer look at the Forex broker's key features and offerings:
Broker | GCI |
Account Types | ActTrader, MT4, Demo |
Regulating Authorities | Not regulated |
Based Currencies | USD |
Minimum Deposit | $500 |
Deposit Methods | BTC, PerfectMoney, Bank Wire |
Withdrawal Methods | Wire transfer, eCash |
Minimum Order | 0.01 |
Maximum Leverage | 1:400 |
Investment Options | No |
Trading Platforms & Apps | MT4, ActTrader, cTrader |
Markets | Commodities, Stocks, Futures and Bonds, Forex, Indices |
Spread | From 0 |
Commission | $2 per lot |
Orders Execution | Market |
Margin Call/Stop Out | No |
Trading Features | Zero spread, Trading Signals, Forex Economic Calendar |
Affiliate Program | YES |
Bonus & Promotions | YES |
Islamic Account | N/A |
PAMM Account | No |
Customer Support Ways | Phone, Email, Contact form, Live chat |
Customer Support Hours | 24/7 |
GCI Trading offers a range of features catering to both new and experienced traders. However, the limited deposit and withdrawal options may be inconvenient for some users.
GCI’s Types of Accounts
GCI broker provides several account types to suit different trading styles and preferences:
Account | Min deposit | assets |
ActTrader | $500 | Currencies, Equity Indices, Crude Oil, and Metals |
MetaTrader 4 | $500 | Currencies, Equity Indices, Crude Oil, Metals, and Shares |
Demo Account | $0 | Same as real |
All account types offer:
- Robust multi-account management
- "No Dealing Desk" instant execution
- Unlimited charting and programmable trading signals
GCI’s Advantages and Disadvantages
Let's weigh the pros and cons of trading with GCI:
Advantages | Disadvantages |
Raw spreads from 0 pips | High minimum deposit |
High leverage up to 1:400 | Limited deposit/withdrawal options |
Multiple trading platforms | Lack of regulation |
While GCI offers attractive trading conditions, the lack of regulation and limited payment options are significant drawbacks.
Signing Up & Verification Process
To start the GCI registration process, follow these steps:
- Visit the GCI website and click "Start Trading";
- Click on “Open a live account now”;
- Choose your preferred account type (ActTrader or MT4);
- Fill in the registration form with personal details;
- Accept the terms and conditions;
- Confirm your information and fund the newly created account;
- Log in and Submit the required verification documents (ID, proof of address).
Note: Verification typically takes 1-2 business days. Ensure all documents are precise and up-to-date to avoid delays.
GCI’s Trading Platforms
GCI Trading offers 3 leading trading platforms:
- MetaTrader 4 (MT4)
- ActTrader
all platforms provide the following:
- Instant execution
- Multiple order types
- Risk management tools
- Access to various markets
TradingFinder has developed various MT4 indicators that you can use for free.
Spreads and Commission Structure
GCI offers competitive pricing with variable spreads based on market conditions:
Market | Spread from | Commission |
Commodities | 2 cents | N.A |
Forex futures | 3 pips | N.A |
Foreign Exchange | 1 pip | N.A |
Asia Pacific Shares | 3 cents | N.A |
European Shares | 3 cents | N.A |
North American Shares | 2 cents | N.A |
Stock Market Indices | 3 ticks | N.A |
Actual spreads may vary depending on market volatility and liquidity. Always check the current spreads before trading.
Deposit & Withdrawal Methods
GCI offers limited options for funding and withdrawing from your account:
Type | Methods | Fees |
Deposit | Bank wire, PerfectMoney, Bitcoin via PerfectMoney | Platform’s commission |
Withdrawal | eCash, Wire transfer | N/A |
Always verify the latest deposit and withdrawal policies on the website.
Copy Trading & Investment Options Offered by the broker
GCI provides copy trading features, allowing less experienced traders to mimic the strategies of successful traders. While this option can be profitable, it also carries risks. Always research thoroughly before copying any trader. About PAMM accounts, it is worth noting that this feature is not provided by the broker.
Tradable Markets & Symbols Overview
GCI offers a wide range of tradable instruments across various asset classes:
- Forex: 60+ currency pairs;
- Indices: 15+ global stock market indices;
- Commodities: Precious metals, energy products;
- Stocks: 500+ individual stocks and ETFs;
- Bonds: Global bonds;
- Futures: S&P 500, DJIA, NASDAQ.
Trading conditions vary by instrument, with leverage up to 1:400 for forex and 1:100 for other assets.
Bonus Offerings and Promotions
GCI is currently running a 22nd Anniversary Promotion, offering traders a deposit bonus of up to 50%.
This limited-time offer is designed to celebrate their years in the trading industry, providing an additional incentive for new and existing clients looking to increase their capital.
The broker has also established two ways of earning extra income for their clients. These options include:
- Refer a friend
- IB (Introducing Broker) program
For the most recent allocations, visit the website and read the conditions in detail.
GCI Broker Support
GCI provides customer support through multiple channels:
- Phone: +1(800) 604 2457
- Email: info@gcitrading.com
- Contact form
- Live chat
Support is available 24/7, assisting with account issues, platform queries, and general inquiries. However, some users need more response times and quality of support.
List of Restricted Countries
GCI does not accept clients from certain jurisdictions due to regulatory restrictions:
- Afghanistan
- Belarus
- Bosnia and Herzegovina
- Canada
- Cuba
- Eritrea
- Ethiopia
- Iran
- Iraq
- Kyrgyzstan
- Lao PDR
- Libya
- North Korea
- Pakistan
- Russia
- South Sudan
- Sudan
- Syria
- Tanzania
- Vanuatu
- Yemen
- Uganda
- United States of America
GCI’s Trust Scores & Reviews on Trustpilot
The GCI Trustpilot profile has received mixed reviews from traders, with a trust score of 3.5 out of 5. This rating is sourced from only two reviews in total, meaning that it is not enough to have a proper judgment. Always do your own research despite the positivity or negativity of the reviews.
Educational content on GCI
GCI provides a range of educational resources for traders:
- Forex education section on the website;
- Free e-books on trading strategies and platform usage;
- Video tutorials for the ActTrader platform;
- Daily market research and analysis;
- Glossary of forex terms.
These resources cater to both beginners and experienced traders, covering topics such as:
- Forex market overview;
- Trading Strategies;
- Risk management;
- Technical and fundamental analysis.
While the educational content is comprehensive, always supplement it with information from other reputable sources.
Conclusion and final words
GCI Trading offers attractive features, including competitive spreads (from 0 pips), multiple trading platforms (MT4, cTrader, ActTrader), and extensive educational resources. However, the lack of regulation, limited payment options, and mixed user reviews raise significant concerns. While experienced traders might find value in GCI's offerings, beginners should approach cautiously. Give your feedback on the GCI review in the comments.