GCI Financial Broker Review

Leverage400:1
20:1 (CFD's)
5% Margin (Shares)
Minimum Deposit2000 USD/EUR
Minimum Lot Size0.1 lot
Broker Type/ExecutionMarket Maker
Deposit methodsCredit/Debit Card, Bank Wire, WebMoney, cashU, Moneybookers, Liberty Reserve
Spreads/CommissionFrom 1 Pip
InstrumentsForex, CFD's, Indices, Options, Oil and Metals, Shares
Trading PlatformMT4, ICTS (ActTrader), Web Trader, Mobile Trader
Account TypesICTS Account
MT4 Account
Base CurrencyUSD/EUR

GCI Financial, gcitrading.com is an online forex broker specializing in Forex, CFD’s, Commodities and Futures online trading. GCI Financial’s clients include both retail and institutional clients. GCI Financial was founded in 2002 and is considered to be a pioneer in online currency and CFD trading. GCI Financial maintains a net capital in excess of the minimum amount required by regulatory authorities. Further more, client funds are segregated which offers an additional layer of protection of client’s investments.

GCI Financial – Trading Accounts

GCI Financial offers different types of trading accounts based on client’s preferences. Below are the different types of Forex accounts offered by GCI Financial.

ICTS Forex Account MetaTrader Account CFD/Shares Account
Min. Investment $2000 $2000 $2000
Leverage 400:1 400:1 400:1
Min. Lots 1Lot 0.10 Lots 100 Shares
Instruments Forex, Indices, Oil, Metals, Options Forex, Indices, Oil, Metals, Bonds Shares
Spreads 2 – 3 Pips 1 – 2 Pips From 3 Ticks (Indices)
From 3 cents (Shares)
Trading platform ACT Trader MT4 ACT Trader

GCI Financial – Trading Platforms

GCI Financial offers traders to choose between MT4 and ICTS, powered by ACTTrader. Besides these two, GCI Financial also offers web based trading platform as well as mobile trading interface for smart phones.

GCI Financial – ICTS Trading Platform: The ICTS forex trading platform is powered by ACTTrader. Using GCI’s ICTS trading platform, clients can trade currencies on a 2 pip spread as well as place different kinds of conditional orders. The ICTS software is also available for mobile trading access as well.

Pricing from the ICTS is constantly updated and offers one click trading straight from the charts. GCI Financial’s ICTS trading platform is a full featured forex trading platform that enables clients access to real-time account balance, P&L management as well as other information such as margin details, real time charts and brief market news. With GCI Financial’s ICTS trading platform, traders can also hedge their trades. ICTS trading platform can also be used to trade Options with GCI Financial.

GCI Financial – MT4 Platform: GCI Financial’s MetaTrader platform allows traders access to additional products such as CFD’s besides forex pairs. The MT4 platform is connected to the interbank market spreads and therefore eliminates the need for a dealing desk intetvention.
GCI Financial Review – Roll Overs

GCI Financial charges interest on overnight positions. Below are the details on the roll over prices charged by GCI Financial based on CFD/Share Trading, ICTS and MT4 accounts.

GCI Financial – CFD/Share Trading Account

Positions that are held past 5PM EST (New York Time) at GCI Financial are subject to Cost of Carry charges/credits as detailed in the “Reference Prices” window in the trading platform. This roll over cost is set at 0% to 8% per annum of the notional value of the position, depending on the product. Individual shares are charged 8% per annum for long positions and 2% per annum for short positions.

This equates to about $0.00 to $1.00 per lot per day for most instruments.

GCI Financial – ICTS Forex Account

Overnight carry charges for ICTS Forex trading are indicated in the “Currency Reference Rates” or “Instruments” window of the trading platform. The carry charges are quoted in US dollars per lot per day (Euros per lot per day for Euro-denominated accounts). The average cost is about $0.50 per lot per day, or about 1/2 pip per day, for currencies.

GCI Financial – MetaTrader Accounts

Positions that are held past 5PM EST (New York Time) will be subject to Cost of Carry charges/credits. This cost is set at 0% to 8% per annum of the notional value of the position, depending on the product. Forex cost of carry charges are based on interbank convention and other instruments are charged a fixed amount based on the margin requirement of the product.

Why choose GCI Financial

  • Trade Spot Forex, Metals, Oil, Options, CFD’s, Shares, Bonds
  • Segregated Forex Accounts provide a high level of security of investor’s funds
  • Choose between ICTS or MT4 trading platforms
  • Complimentary free forex signals when you fund your account
  • Good selection of deposit and withdrawal methods
  • Live trading sessions with a GCI Professional mentor

Choosing GCI Financial as your trading partner means that clients are trading with one of the oldest forex brokers that offers safety and security of funds.

GCI Financial » Open Account

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