gcitrading.com Broker Review

Our Overall Rating
Warning Reason
Belize-based GCI Financial is a Forex broker founded in 2002. It has over 10,000 customers globally. They offer spreads (fixed), numerous trading platforms. They offer over 25 currency pairs, as well as trading of CFDs and other instruments. GCI Financial is not currently regulated. They claim client funds are safe and covered by the company’s insured Allied International group.
On 20 September 2011 the French AMF issued a warning against GCItrading for providing financial services illegally. The company was previously regulated by the Belize IFSC, yet withdrew its license in 2009 and is currently not regulated by any authority. Moreover, there were warnings against the company by some of the authorities, as well as the negative feedback from many investors with difficulties to withdraw their money.
As per the sources, many of the forex traders complained about the deferrals in their withdrawals with extended waiting times reaching almost a month and some of the investors are still struggling to withdraw their money. Therefore, the French AMF advises traders to avoid unregulated brokers and suggests extreme caution when dealing with them.
Tel: + 1 800 604 2457, info@gcitrading.com, Introducing Brokers: ib@gcitrading.com
- GCI Financial offers:
- Standard Accounts
- Mini Accounts
- Islamic Trading Accounts
The minimum deposit is $500, and managed accounts are available with a minimum of $10,000 deposit.
Deposits and withdrawals Methods:
- Wire transfer
- Credit card
- WebMoney
- Moneybookers
- Liberty Reserve
- CashU.
Platforms available:
- MT4
- Act Trader
GCItrading is a Forex and CFD broker, they claim to have excellent trading conditions and an outstanding customer service
GCItrading.com have a Facebook page which hasn’t had any updates since 2017.
What is your experience with this broker?
With over 4,000 brokers active globally, it’s good to share your experience with others. Spread the word on good or bad brokers. Disclaimer: Comments on this site are not the opinion of WeCompareBrokers and we are not responsible for the views and opinions posted by site users. If you are unhappy with any comments, please email complaints @ wecomparebrokers.com
Important: You (the person writing the comment) are responsible for any comments you post and use this site in agreement with our Terms.