The apps are compatible with both iOS and Android devices and can be downloaded for free from the Apple App Store or the Google Play Store. There is also a mobile website for ActTrader users, meaning clients can carry out trades from a mobile browser without having to download additional software. Accounts are commission-free, so it’s just the spread to take into account. Trading platform is a tool where you can buy or trade an gci trading review instrument with only some clicks on your device,anytime and anywhere you want.
Spreads & Commission
If there is a choice, the trader should keep in mind what he would like to trade. GCI Trading offers ActTrader and MetaTrader4 as the two trading platforms which are also linked to their respective account types. As well as evaluating a broker’s product portfolio, fee structure and trading tools, we consider the availability of GBP-denominated accounts, the presence of UK-based customer support, and FCA authorisation. Our experts also factor in their hands-on testing experience into broker ratings. However, the broker does not support deposits in GBP, which means traders may be subject to currency conversion fees. In addition, many popular transfer methods are not available, which further adds to the broker’s inaccessibility https://forexarena.net/ for UK traders.
Mobile Trading Redefined
GCI offers Forex and CFD trading on the popular MetaTrader 4 trading platform where they can trade directly from charts. Among the benefits of this platform are fractional lot capabilities, the ability to program trading signals, and unlimited charts and technical indicators. I would have liked to see a few more interesting bonuses or promotions but this doesn’t take away from the other features offered by this broker. Traders benefit from direct access to deep liquidity and interbank pricing and execution. ECN trading uses inter banks prices and spreads with no commissions and straight through processing with banks liquidity.
GCI clients Pros and cons
The MetaTrader4 platform is accessible from PC, iPhone, iPad, Android, or other mobile devices and there are free demo videos available that explain the download process for these as well as for PC’s and Mac’s. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. If you have experience trading with GCI please share your personal review of the broker and what you think are strong and weak points. The same methods are available to withdraw with, for clarification, these are Bank Wire Transfer, Visa Credit / Debit, Mastercard Credit ./ Debit, Skrill, Neteller, and Perfect Money.
The final grade is given based on GCI Trading FX broker performance and features. There is no indication on the company’s website whether a demo account can be converted into a live account. GCI Trading’s customer support team can be reached in real-time via live chat, telephone, or email. The professional team is available 24/5 and offers multilingual support in English, German, Spanish, French, Turkish, Russian, and Arabic. The bonus usually compensates traders for choosing a certain broker, since once the account is active, the trader will have the same expenses as any other. The bonus usually only starts giving some expenses back to the trader once the person has proved himself as an active trader.
This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering.
Once an account is open the minimum deposit disappears for any subsequent top-up deposits and any amount is ok. As mentioned there are two different trading platforms on offer so lets ee what then features of both are. Engage with a zero-obligation demo account and practice with a generous $50,000 virtual fund. This is a golden chance to explore our top-tier software, real-time pricing, and unmatched trade execution. Venture into the shimmering world of online gold and silver trading with GCI, where you trade commission-free, leverage cutting-edge software, and benefit from minimal margin requirements.
Nonetheless, I did like that you get a free Forex e-book upon registration and receive 4% interest paid on the account balance. There is another contest offered on their Facebook page where the most accurate forecaster wins $1000 in cash and the next four most accurate forecasters win up to $800 Bonus Margin.
If you’re unsure whether to open an account after reading this review, the simulator account is a great way to test the broker’s financial services for yourself. The MetaTrader Account offers a wider product range and the MetaTrader software platform. While default lot sizes are 100,000 currency units, traders can select as little as 0.10 lots to transact. Unlimited charting and programmable trading signals are among the features offered in GCI’s MetaTrader account. The MetaTrader Account offers a wider product range and the use of the MetaTrader software platform. Unlimited charting and programmable trading signals are among the features offered in GCI’s MetaTrader account.
- There is no indication of any sign-up or other bonuses offered on the company website.
- The ActTrader platform provides newer traders with a powerful, easy-to-navigate interface, whilst MT4 is ideal for implementing complex trading strategies.
- Unfortunately, our experts found that many of the articles in the forex news and trading signals sections were outdated, last being updated in 2020 and 2018, respectively.
- We were happy to see demo accounts on both the ActTrader and MetaTrader 4 platforms, which are ideal for novices looking to browse the platform’s features and practise their skills risk-free.
- As expected, swap rates do apply for the standard account types, with overnight rollover fees varying depending on the asset’s trading conditions.
Even the platform explanations were simple and beneficial for traders on all levels of trading experience. Only $500 is needed to open this account and in addition to the other products available, traders can also trade gold and equity shares. They can choose either ECN or traditional execution and there are no requotes or delays. Deposits can be made via wire transfer, Perfect Money, Skrill, or Neteller. You can deposit funds from within your account portal and the minimum payment accepted is $500.
With that said, the broker assures clients that funds are segregated in top-rated bank accounts. GCI offers online trading in both Gold and Silver – commission free with low margin requirements. Binary Options trading is also available which allows traders to bet on Forex, Gold, Crude Oil, and Stock Indices, receive a 15% consolation for any losing bets or make 100% per bet. There are no additional commissions on any of the accounts that GCI Online Trading offer, all costs are built into the spreads. GCI Trading offers a variety of research tools which include includes live forex quotes, daily forex news, charts, and trading signals, an economic calendar, and a currency converter.
For those seeking a broader spectrum of opportunities and a platform rich in features, the MetaTrader Account stands out. Whether you are a seasoned trader or an enthusiast, GCI’s MetaTrader account provides a dynamic trading environment with its extensive tools and functionalities. In the intricate tapestry of the financial industry, the safety of client funds stands out as the keystone element. The security of a client’s investments forms the very bedrock upon which the edifice of trust is constructed, and at GCI, this principle is held sacrosanct. CFDs and Forex are not only complex instruments, but they also have a high level of risk which may result in loss of funds that exceed the trader’s initial deposit.