Abstract：GCI is a Forex CFD provider that has been providing financial services to clients since 2002, covering forex, indices, bonds, stocks, ETFs, futures, and commodities. GCI is a Forex and CFD broker that focuses on providing flexible trading conditions and customer service. GCI offers spreads as low as 0.0 pips, interest paid on account balance, direct interbank (ECN) trading access, and minimum margin requirements for all products. GCI's advanced software allows you to easily trade from your PC, Mac, web browser, iPhone, or other mobile device, whether using MetaTrader or ActTrader.
About GCI
GCI is a Forex CFD provider that has been providing financial services to clients since 2002, covering forex, indices, bonds, stocks, ETFs, futures, and commodities.
GCI is a Forex and CFD broker that focuses on providing flexible trading conditions and customer service. GCI offers spreads as low as 0.0 pips, interest paid on account balance, direct interbank (ECN) trading access, and minimum margin requirements for all products. GCI's advanced software allows you to easily trade from your PC, Mac, web browser, iPhone, or other mobile device, whether using MetaTrader or ActTrader.
Pros and Cons
Pros:
You can trade on ActTrader, MetaTrader 4 (PC and mobile), and cTrader, providing flexibility and convenience. GCI does not charge transaction fees, making it cost-effective. Additionally, the GCI trading platform offers a demo account, allowing you to practice risk-free.
Cons:
GCI lacks financial oversight as it is unregulated, which may raise concerns about security and transparency. Despite the widespread use of these platforms, the absence of regulation could potentially jeopardise your investment.
Is GCI Legit?
GCI is registered in Saint Lucia with registration number 2023-00048. Under Saint Lucia law, GCI can engage in any business activity even without additional approval/licence from the Financial Services Regulatory Authority (FSRA). Although GCI Brokerage claims to provide legal services, there are still financial risks without supervision. There are very few ways to recover your money from a broker scam.
How to Open a GCI Account?
GCI Account Types
GCI offers three account types for clients, depending on the trading platform:
cTrader accounts offer a flexible copy trading service, cTrader Copy, and built-in algorithmic trading capabilities. cTrader Algo features powerful backtesting and optimization tools.
MetaTrader accounts offer a wider range of products such as currencies, stock indices, crude oil, metals, and stocks, the MetaTrader software platform, and ECN or traditional execution methods. Although the default lot size is 100000 currency units, traders can choose to trade as little as 0.10 lots.
ActTrader accounts are ideal for traders who want to trade currencies and other major financial products with a low minimum transaction size and a user-friendly interface.
They can be distinguished into two account options: Forex accounts and CFD/Stock accounts. Forex accounts are ideal for traders who want to trade currencies and other major financial products with a low minimum transaction size.
GCI Demo Account
GCI offers a 30-day risk-free trading demo account with $50000 in virtual funds and can invest in more than 60 foreign exchange pairs, stock CFDs, indices, commodities, and other markets. You can find and click on the “Open a Free Practice Account,” “Try a Free Demo,” and “Try a Free Risk Account” positions and fill in the required information, such as account type, email address, phone number, etc., to experience the GCI demo account for free.
Open a GCI trading account step by step
You only need 4 steps to complete the GCI Financial account opening, which will takes about 5 minutes.
Step 1: Apply, such as selecting the account type (MetaTrader Account/ActTrader Account/cTrader Account).
Step 2: Fill in the basic information about the trader, such as his identity and address verification.
GCI accepts:
- Passport
- Driving licence
- Other government-issued photo ID.
- Proof of identity: GCI accepts a valid passport, a valid driving licence, or another valid government-issued photo ID (showing a photo, personal information, signature, date, and place of issue, as well as a serial number);
- Address verification: Provide a separate document such as a recent (within the last 3 months) bank statement or utility bill (gas, water, electricity, or landline) to verify your permanent residential address.
Your proof of identity may be scanned and emailed to us at compliance@gcitrading.com
Step 3: Accept the disclosure and agreement, which includes the electronically conducted business and risk disclosure, as well as the trader account letter and trader agreement.
Step 4: Confirmation and account funding, to start live trading in the GCI account, there are two more steps to complete:
Please send a scanned copy of proof of identity (passport signature page, driver's licence, or other ID card with photo) and a scanned copy of proof of address (bank, credit card or mortgage statement, utility bill, gas or electricity bill, telephone, broadband, or TV/cable TV, valid for no more than 3 months) to compliance@gcitrading.com.
As soon as GCI processes your application and opens your account, you will receive an email notification. Once we receive your proof of identity, we typically complete the processing and approval within one business day. You can then fund your account via bank wire and crypto. GCI only offers the bank deposit option to eligible customers for amounts exceeding €2000 or equivalent.
Upon receipt of your application along with the necessary documents, GCI will proceed with processing your account within a span of two business days.
GCI Trading Platforms
GCI offers ActTrader, MetaTrader 4 (PC and Mobile), and cTrader platforms to provide you with flexibility and convenience. These platforms are favoured by traders in the trading market and are very convenient to use, providing advanced tools and seamless execution whether you are at home or on the go.
GCI's Trading Costs
Whether you are a novice or an experienced trader, with GCI, you can trade commodities commission-free and enjoy spreads as low as 0, with an average spread of 0.1 pips on EUR/USD. Leverage up to 1:1000, which allows you to maximise your trading potential.
GCI Tradable Assets
Choosing GCI provides you with access to a wide range of trading instruments, including more than 60 currency pairs, more than 15 indices, global bonds, more than 500 stocks and ETFs, futures such as S&P 500, Dow Jones Industrial Average, and Nasdaq, as well as precious metals and energy. This diversity enables you to diversify your portfolio and explore multiple markets.
GCI Deposit and Withdrawals
Methods, Fees, and Processing Time
The minimum account opening requirement is $500 or equivalent. GCI provides deposit and withdrawal methods, including bank wire and crypto.
Bank Wire. You can make electronic bank transfers through your bank. Typically, your GCI account receives the funds within one business day.
Deposit via Crypto. The system accepts BTC, ETH, and stablecoins, and it processes transactions within 30-60 minutes without any limits or fees.
GCI only offers the bank deposit option to eligible customers for amounts exceeding €2000 or equivalent. Deposits above 10000 USD or EUR will be subject to a 50% bonus margin. Deposits below this amount will be subject to the regular February 2025 bonus margin of 25%.
You can do this by filling in the deposit and withdrawal form and emailing it to payment@gcitrading.com. Please ensure that you have filled in all fields, including contact information and a signature. We won't process incomplete withdrawal forms that you don't submit online, sign, and email to us.
