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GCI Financial Ltd
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| "GCI is not for everybody, but for some it is" - FutTrd | September 09, 2006 4:14 AM |
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if you are a frequent day trader, GCI is not for you
if you are swing or position trader, GCI is for you
also ask yourself, am I okay with them being in Belize, sure you don't pay tax but is it safe. So like I said, GCI is for some and not for others |
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I had a CFD account with this place for 3 months, finally got fed up and closed it. They have a trade desk, and all trades must go to them for processing before execution. This causing execution timing to be different every time. Most of the time it takes about 60 seconds before you get executed causing you to miss the move. I regularly had slippage in CFD stocks to be anywhere form .10 to .30 cents. They also charge commissions on e-mini accounts. $2 bucks a mini-lot. 10 minis makes a regular lot, so you would be paying $20 bucks in commissions if you traded to that level. In that case if you must trade with them then don’t go with minis. On the plus side if your not a day trader and can handle .30cents slippage then they may be okay for small accounts as their CFD stock margin is only 2%. Up time on their platform is 99% reliable never had any trouble with that. Oh I just remembered they have awful charting you cant get any worse with charts then this. They have terrible spikes in one way or the other, causing the charts to get all bunched up, they have limited indicators.
Over all I am very dissatisfied, Stay Away! |
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Recommended Not Recommended
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