Forex Broker

GCI Financial review

GCI Financial

On-line since: 2002
Country of origin: Belize
Regulation: Registered by International Financial Services Commission of Belize
Payment options: Wire transfer, credit cards, PayPal, Moneybookers, WebMoney and check
Minimum account size: $2,000
Minimum lot size: 0.1 lot
Leverage: up to 1:200
Spreads: 3 pips on EUR/USD

About the company:

GCI was found in 2002, and is among pioneers at the markets of currency and contract for difference (CFD) trading. GCI Company has about 10 000 clients all over the world, including individual traders, companies and account managers.

GCI offers its clients a modern, reliable and not sophisticated system for online trading. The clients’ funds are kept on segregated accounts and are insured; and the dealing experience of the company meets the highest requirements.

GCI Financial 7/10 (votes 4976)
Author of GCI Financial: Jeffreyfx | Date 2017-10-02
I had use the demo account with a 50,000$ virtual balance, and I like the trading conditions, but after I opened a live account and I deposited the 2000$ I started to have problems with the ActTrader platform, which should have no re-quotes. Actually I had more re-quotes then ever with this platform, or the broker was manipulating the prices on the market. From the delays of the platform and crashing I lost during my first month of trading 700$, after that I was able to win some money back, around 300$ trading Gold, Silver and EUR/USD, GBP/USD. After a couple of months more, I requested to withdraw 1000$, which was not approved, I requested then 500$ wasn't approved. Well... in the end I managed to withdraw 3 times x 300$ and I closed my account. I don't recommend them, have hidden commissions and also the broker is manipulating the prices.
Author of GCI Financial: moya Joa | Date 2017-08-24
One of my orders got cancelled without valid reasons, and I just discovered it today. On Monday, I was expecting that I would earn some funds, but to my surprise the EURUSD got closed without my consent, and take note, it was closed with a lower price (1.7982). I contacted them immediately via Live Chat and was very dismayed because they left me unattended after they get my account details. Until now, I haven't heard any response about my concern. I thought they wouldn't leave their clients unattended, but I was wrong. What they did to me was a proof that they' aren't professional and won't value their clients. I really trust this broker but because of this incident, everything changes. I won't fund my GCI trading account anymore.
Author of GCI Financial: Edna | Date 2017-08-02
Not impressed at all with Gci Financial services, I taught Forex trading is for the purpose of making profits, but having traded with this broker, it was the other way I have made huge loss of $2000, while trading with gci financial. It happens that I open just 4 positions on the platform ( as a professional trader) so as to test the platform and all where executed accurately to my satisfaction, I only lost 1 trade. So I decided to trade big on the platform opened the positions of 13 trades and to my surprised I started experiencing slippages and even the trades all refused to close, whenever I want to close the position, I kept getting an error message till all the trades led to loss. I regret trading with GCI financial.
Author of GCI Financial: redza | Date 2017-06-23
Hai guys if you’re intend joining GCI broker I’m not recommend this broker since this broker has late in approval withdrawal request and their platform also are not stable to use. I’ve been with them for almost 3 month just to try their system whether it suit with me or not. I’ve made my first withdrawal request after a month trading and I can profit for 300 USD but it take 2 weeks for them to transfer the money into bank account. When trading using their trading platform I have to be extra careful because their execution speed slow for almost 10 second and sometimes it will re quotes my orders and I can see a few slippage on charts. During economic event this platform is not good enough to use because it will freeze when you want to make multiple instant order in one time. Support team does not play their roles to help me when I made a report regarding to this issue seems like they don’t have any solution to this problem. All in all GCI broker is not a reliable broker.
Author of GCI Financial: Eline | Date 2017-05-04
I'm a client of GCI Financial for more then half year now and I didn't had any complain about it. I had an demo account which I used for the first month, and after that I opened a live account and deposited 2000$ via wire transfer. The platform works fine and is accurate prices and signals. I had a problem once with my funds and wasn't able to see the money, but the support team helped me and in 10 minutes the problem was solved. I doubled my deposit in 3 months of trading live on CFD's and Oil. The process of withdraw is easy without problems what so ever. GCI Financial's overall services are good quality and the broker is honest, no hidden commissions.
Author of GCI Financial: Gyabna | Date 2017-03-28
At first I thought this broker is good. From opening of account, verification process and deposits were fast. After 5 months of trading you will notice some changer and will encounter problems. My order of execution got slower that it took few minutes for a single ticket to be delayed. i took screenshots of them and showed it to the support but eventually they ignored my emails. Slippages continues constantly that I loss $50 from my account. I still got no response from them til now. Do not use this broker and find another one.
Author of GCI Financial: Layla | Date 2017-02-21
GCI Financial has a very good performance, their spreads are really great and low fixed on EUR/USD since is the major I trade with and you don´t have unpleasant surprises, at least during normal time,. Also, it was easy to setup the account, and deal with their platform, wich by the way has a good execution. I am happy with them and so far did not face any serious trouble or with execution or any other thing.
Author of GCI Financial: denis_trader | Date 2017-02-08
The execution of their trades is a scam. When I tried exiting winning trades, they would hold my orders and always requote my orders. Take your money and go on vacation, drink it, piss it, snort it away, but whatever you do, do not deal with this company. GCI did exactly the same thing with my wife`s account.
Author of GCI Financial: Daum | Date 2017-01-25
GCI Financial is a good broker. I'm trading with them since last year. They produce great bonuses and support. I had some troubles several months ago with payment system and wasn't able to withdraw my money. I wrote to their support and in an hour they solved my problem. Great work.
Author of GCI Financial: Harold | Date 2016-09-26
The execution is always a problem. I place different bet sizes from time to time, and the execution seems very inconsistent, especially when the market is moving quickly. i.e. if the market is moving rapidly, and you see a price you like to open/close a trade, it’s hard to get what you see on the screen. There are number of times when the price move in my favour but I can’t close until the market settles down a bit.
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