GCI Financial is a Belize-based Forex broker that offers fixed spreads, multiple trading platforms and trading of over 25 currency pairs, as well as trading of CFDs and other assets. GCI Financial is not currently regulated, though they do claim that their client funds are safe with the company’s insurance policy which is held by the Allied International Group. The company also claims to maintain a balance sheet which holds more net capital than the minimum regulatory requirements. During this GCI Financial review we found that the company offers several types of trading accounts including standard accounts, mini accounts and Islamic Forex accounts.
GCI Financial was founded in 2002 and has expanded to attract international clients. GCI Financial now serves over 10,000 customers worldwide, including individual investors, money managers, and institutions. The website for GCI Financial reviews the contact information for the site and provides users with phone lines to direct inquiries for general questions, as well as numerous emergency lines for 24 hour support. Additionally, users may contact GCI Financial via fax and receive written responses.
GCI Financial reviews their offered services on their site. The company provides a platform that has been developed to allow managing of multiple accounts. GCI Financial reviews their options for new users, including introductory traders and brokers, to help ease their transition into online trading. The site also offers information on Forex, gold/silver, CFD and share trading, and details their support for mobile trading.
One of the flagship services offered by GCI Financial is a commission-free ICTS Forex account. The minimum deposit for this type of account is $2000, and margin requirements are $25 per lot. ICTS spreads are 2-3 pips, while spreads for a GCI Financial MT4 account are 1-2 spreads. MT4 traders enjoy no dealing desk executions as well as all of the charting abilities afforded by this popular platform.
The minimum deposit for a basic account with GCI Financial is $500, and investors can also opt for a managed account with a minimum $10,000 investment. Deposits and withdrawals for GCI Financial traders can be made via wire transfer, credit card, WebMoney, Moneybookers, Liberty Reserve or cashU.
On its website, GCI Financial reviews their account options for users. CFD trading is done via the MetaTrader 4 platform, one of the most advanced platforms for trading a variety of instruments online. Users can sign up for practice accounts to try online trading with no financial risk, and offers real time trading with changing conditions to mimic real trading. For Forex trading customers, there are two software options: MetaTrader 4 or ICTS Forex. GCI Financial reviews the features and advantages of each.
Signing up for a live account requires an application. All applications are subject to GCI Financial review, and then accounts may be funded via wire bank transfer. Original account documents may be filed online or printed and mailed to GCI Financial to allow review of each account for security. GCI Financial has an emphasis on customer satisfaction, and provides a list of phone and email support contacts for around the clock customer service.
Review info: GCI Financial
Review Date: 2014-01-14
Rating : 3
Reviewed By : Sara Patterson (Google+)
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