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Anyone Trading in GCI trading company

  • #1
  • First Post: Jan 29, 2006 2:53pm Jan 29, 2006 2:53pm
hello traders,
i want to open a account in gci trading company so please tell me what about gci trading. it is good or not tell me about gci trading company.

regards,
k.n.v.santosh
  • #2
  • Jan 29, 2006 3:07pm Jan 29, 2006 3:07pm
I have an account with GCI. No major complaints about them. The nice thing with them is that you can trade forex and commodities, etc. with them.

The only thing I don't like about them is that I can't get a trade in during major news releases. For that reason, I've switched to InterbankFx. I can trade the news, and will get my trade filled everytime.

Hope that helps
Habeeb
Keeping it Simple
  • #3
  • Jan 29, 2006 3:10pm Jan 29, 2006 3:10pm
Quoting habeeb
I have an account with GCI. No major complaints about them. The nice thing with them is that you can trade forex and commodities, etc. with them.

The only thing I don't like about them is that I can't get a trade in during major news releases. For that reason, I've switched to InterbankFx. I can trade the news, and will get my trade filled everytime.

Hope that helps
Habeeb
hello habeeb,
thanks for reply. do u get payments regularly or not from gcitrading company. i like gci trading because gcitrading offers currencies, stocks and commodities. so please tell me and gcitrading gives forex signals to the real account holders. tell me what is the result of that signals. i mean that signals are good or bad.

regards,
k.n.v.santosh
  • #4
  • Jan 29, 2006 3:53pm Jan 29, 2006 3:53pm
Quoting knvsantosh
hello habeeb,
thanks for reply. do u get payments regularly or not from gcitrading company. i like gci trading because gcitrading offers currencies, stocks and commodities. so please tell me and gcitrading gives forex signals to the real account holders. tell me what is the result of that signals. i mean that signals are good or bad.

regards,
k.n.v.santosh
I'm not sure about the signals. I don't use signals from anyone, so I won't be able to comment on that. Why do you want signals? They just confuse you?

Good Luck
Habeeb
Keeping it Simple
  • #5
  • Jan 29, 2006 10:51pm Jan 29, 2006 10:51pm
Quoting habeeb
I'm not sure about the signals. I don't use signals from anyone, so I won't be able to comment on that. Why do you want signals? They just confuse you?

Good Luck
Habeeb
hello habeeb,
thanks for giving the information but i want to know about gcitrading company. gcitrading gives payment correctly or not. please tell me these details because i like gci trading because this company offers cfds and currencies and commodities.

regards,
k.n.v.santosh
  • #6
  • Jan 30, 2006 6:16am Jan 30, 2006 6:16am
Quoting knvsantosh
gcitrading gives payment correctly or not.
What do you mean by "gives payment correctly"?
Keeping it Simple
  • #7
  • Jan 30, 2006 12:53pm Jan 30, 2006 12:53pm
Quoting habeeb
What do you mean by "gives payment correctly"?
i mean withdraws
  • #8
  • Jan 30, 2006 2:24pm Jan 30, 2006 2:24pm
Quoting knvsantosh
i mean withdraws
Sorry, I haven't done a withdrawal yet, so can't tell you about that. I'm sure you can withdraw everything if you want, or small amounts as many times as you want. You can use your credit card to deposit and withdraw funds. Almost everyone has that facility.

Why you worried about withdrawals? Is it because of the RefcoFx story? Did you experience any problems before?

Take Care
Habeeb
Keeping it Simple
  • #9
  • Jan 30, 2006 8:06pm Jan 30, 2006 8:06pm
Quoting habeeb
Sorry, I haven't done a withdrawal yet, so can't tell you about that. I'm sure you can withdraw everything if you want, or small amounts as many times as you want. You can use your credit card to deposit and withdraw funds. Almost everyone has that facility.

Why you worried about withdrawals? Is it because of the RefcoFx story? Did you experience any problems before?

Take Care
Habeeb
do u satisfied with gci trading company or not. because gci trading is not member in cftc and nfa members.

regards,
k.n.v.
  • #10
  • Jan 31, 2006 8:20am Jan 31, 2006 8:20am
Quoting knvsantosh
do u satisfied with gci trading company or not. because gci trading is not member in cftc and nfa members.

regards,
k.n.v.
Not 100% satisfied. I've switched to Interbank mainly because they're fully automated whereas GCI has a dealer on the other side. Also, I've never (or very seldom) got an instant fill on Crude Oil. I'm not closing my account with them, because I can still trade indices, commodities and shares with them.

I do feel that my money is safe with them. I did do a check on them before I signed up, and they came out clean. They are registered with some organisation. They also state that client funds are insured.

Quote
Assuring client fund safety is one of the single most important factors in the financial industry. GCI maintains client funds insurance with a comprehensive insurance policy from Allied International Group, Inc. (view certificate of insurance). Furthermore, GCI has years of experience managing risk, a strong balance sheet, and offers additional legal and structural guarantees:
Client funds held with GCI Financial Ltd ("GCI") are maintained in separate Customer Funds accounts and may never be utilized for operating expenses or for other purposes or commingled with GCI's operating capital.

Funds are withdrawn from these bank accounts only as a direct result of clients' trading activities or clients' request for withdrawal. In the unlikely event of GCI's bankruptcy, client funds are legally protected and returned directly to the customer.

GCI is a good company, but for Forex, I prefer InterbankFx.

Good Luck
Habeeb
Keeping it Simple
  • #11
  • Jan 31, 2006 12:28pm Jan 31, 2006 12:28pm
Quoting habeeb
Not 100% satisfied. I've switched to Interbank mainly because they're fully automated whereas GCI has a dealer on the other side. Also, I've never (or very seldom) got an instant fill on Crude Oil. I'm not closing my account with them, because I can still trade indices, commodities and shares with them.

I do feel that my money is safe with them. I did do a check on them before I signed up, and they came out clean. They are registered with some organisation. They also state that client funds are insured.



GCI is a good company, but for Forex, I prefer InterbankFx.

Good Luck
Habeeb
thanks for giving the information and now i am ready to open a account in gci trading for stocks trading purpose.
  • #12
  • Jun 15, 2011 6:45am Jun 15, 2011 6:45am
Quoting knvsantosh
thanks for giving the information and now i am ready to open a account in gci trading for stocks trading purpose.
HISantosh How are you ?I am Kiran Kulkarni From China, Originated from Mumbai So finally did you open trading account with GCI ?If yes then how's your experience with them ?is there any problem while placing orders ?also in payout ?Waiting for your replythank you Kiran Kulkarni
The more you trade the less you earn.
  • #13
  • Jun 20, 2011 12:51am Jun 20, 2011 12:51am
Quoting knvsantosh
hello traders,
i want to open a account in gci trading company so please tell me what about gci trading. it is good or not tell me about gci trading company.

regards,
k.n.v.santosh
from their website -
"GCI is recognized globally as one of the premier foreign exchange market makers and providers of industry research and analysis. GCI's analysis appears regularly on Multex.com and Reuters, and is subscribed to by major institutions including J.P. Morgan, G.E. Capital, UBS AG, Lazard Asset Management, and Goldman Sachs."

aha, bal-bla-bla-bla... A broker from Anguillar I could hardly find it on my map!!!
Oh common guys!!!
  • #14
  • Apr 10, 2012 12:18pm Apr 10, 2012 12:18pm
Quoting knvsantosh
hello traders,
i want to open a account in gci trading company so please tell me what about gci trading. it is good or not tell me about gci trading company.

regards,
k.n.v.santosh
can u tell me who does this happened? I mean spike movement in MT4 order window as per my attachment
  • #15
  • Apr 18, 2012 6:12pm Apr 18, 2012 6:12pm
GCI is regonized as a SCAM company carefull make your own research I haven't used it but seen many complaints about them around the net.
  • #16
  • Apr 18, 2012 8:01pm Apr 18, 2012 8:01pm
On the broker in question, did check up online and yes, there are way too many horror stories doing the rounds. So do be careful, you may want to check up on the parent company and do a "who is" for additional info - this may come handy when forwarding details to the authorities.
  • #17
  • Apr 18, 2012 8:08pm Apr 18, 2012 8:08pm
Note I have no experience with them, all I can say is I did consider them because they had a decent variety of instruments to trade (where many do not) but as soon as I found out they were a Market Maker type Broker my consideration stopped.
  • #18
  • Apr 19, 2012 1:49am Apr 19, 2012 1:49am
Quoting Forexnuts
On the broker in question, did check up online and yes, there are way too many horror stories doing the rounds. So do be careful, you may want to check up on the parent company and do a "who is" for additional info - this may come handy when forwarding details to the authorities.
You can find "horror stories" about any broker, the best way to find out about a broker is to open a small live account and trade with them yourself.
  • #19
  • Apr 19, 2012 12:38pm Apr 19, 2012 12:38pm
Quoting rooicol
You can find "horror stories" about any broker, the best way to find out about a broker is to open a small live account and trade with them yourself.
100% agree!
Forex is a losers game.
  • #20
  • Apr 20, 2012 12:33pm Apr 20, 2012 12:33pm
When it comes to checking a broker, you have two options, either open a live account [small one] if you can do without the same or just opt for the one with the least amount of horror stories on the tab.
A better idea would be to post a thread along the lines of this one but then again, you need to take in any advice with a ton of salt and pepper.
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