GCI Financial

2/10(votes 100)

On-line since2002
Country of originBelize
RegulationRegistered by International Financial Services Commission of Belize.
Payment optionsCashU, Credit/debit cards. Perfect Money, Skrill (Moneybookers), Wire transfer
Minimum account size$500
Minimum lot size0.1 lot
Leverage1:100
Spreads1 pips on EUR/USD

GCI Financial was founded 2002 which means that they have been in the business for more than a decade. This company claims to offer an advanced trading platform that has a wide array of products for increased profitability. Although these promises seem to be tempting, the question is, are these promises really true?

Platform

GCI Financial offers ActTrader and MetaTrader platforms which are both very stable. I highly appreciate that they’ve tried to offer something completely new to the public and the end result is a platform that is quite easy to navigate and understand most especially for novice traders.

 

Design

GCI Financial was a bit boring when it comes to the layout and design of their trading platform. They claim to offer a very modern and sleek design but in reality it wasn’t as contemporary although it was as fluid as they promised. Browsing through the trading instruments and various sections doesn’t take a lot of getting used to and even placing a trade was pretty easy.

Minimum Deposit

The minimum deposit at GCI Financial is $500 which is higher than the standard deposit requirement of most forex brokers. This is definitely bad news for newbie traders because they will be required to fork out a considerably high amount in order to open an account and be able to trade.

 

Minimum Lot Size

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.

 

Tradable Assets

Having a broker that provides a wide range of assets allows you to increase your chances of making a profit and fortunately, GCI Financial has a total of 283 tradable assets to offer. Such a number will certainly give you more opportunities to find an asset which you are most comfortable to place your investments and convert them into sizable revenues.

Minimum Deposit

The minimum deposit at GCI Financial is $500 which is higher than the standard deposit requirement of most forex brokers. This is definitely bad news for newbie traders because they will be required to fork out a considerably high amount in order to open an account and be able to trade.

Minimum Lot Size

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.

Tradable Assets

Having a broker that provides a wide range of assets allows you to increase your chances of making a profit and fortunately, GCI Financial has a total of 283 tradable assets to offer. Such a number will certainly give you more opportunities to find an asset which you are most comfortable to place your investments and convert them into sizable revenues.

Customer Support

One of the primary factors that must be included in choosing a broker is the quality of support that they provide. It is very important that their support team is capable of answering customer queries and providing immediate assistance when issues arise. Another issue is the handling time which usually takes long which really frustrates a lot of traders.

Quoting Accuracy

The accuracy of the quotes that are provided by your broker must also be checked because this will have an impact on the success of your trades. Delayed and rigged quotes certainly won’t give you any profits no matter how good or effective your strategy is, so it is very important for you to verify if the prices that are shown on their platform are synchronized with the real-time market quotes. 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.

Pros

  • Regulated by IFSC
  • Diverse range of assets
  • Stable trading platform
  • Reliable support team

Cons

  • US traders not accepted
  • Limited demo account
  • Minimum account size is too high

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