Our Overall Rating
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.
The minimum deposit is ₹500, and managed accounts are available with a minimum of ₹10,000 deposit.
Deposits and withdrawals Methods:
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.
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