GCI Trading review: Platforms, Trading Instruments and Broker Ratings.

Hello, I opend live account with GCI , AC. No. 37669, (Meta Trader CFD). I earned 9000 USD from them but they cut almost 7000 usd from my account ( at that time i had opened 15 forex lots with 12000 usd profit also.) They cut 7000 usd from my account and asked me that it is off mkt qutes you trade. They alos cut all of my open positins from my account. After very long disscussion , they give me 5 lots open but in next few days, they loss all my aacount. Whenever i placed order , they wait , until it go in loss , then give fills. my one order even they fill after 20 minutes. And you know the 20 minutes late fill in fx mkts. Is there any leagal way , that pay me my that amount which they cut?

GCI... don't call them Scam...It's a small word, They are Cheaters, robbers. They Simply take your money when you earn.
IFSC do nothing. They must be partners.
Don't even think about opening an account with.
I request you people to help me. They took 20000 USD from me.

The demo system is nothing like the live platform.
Be warned try someone else.
Anyone out there have a decent broker??

GCI Financial is a scam, fraud. You will be happy with them until you start actually earning money. For THREE months www.gci.ru (http://www.gcitrading.com) do not want to pay $1200 I earned strictly in accordance with my agreement with them. IFSC http://www.ifsc.gov.bz/licensed_provider.html#f to which GCI refers as to regulator does not do anything. Just think twice before you open account with GCI.

If you are losing money they are nice, if you win they are " adjusting your account to zero at least; never try to deal with GCI Belize!!!!!

Account: MT4 me:XXX Currency: USD 2009 June 26, 15:59
Closed Transactions:
Ticket Open Time Type Size Item Price S / L T / P Close Time Price Commission Taxes Swap Profit
69335 2009.05.05 13:00 balance Adj: scalping reversals -1 345.45

FPA Scam Investigations Committee Update 2013-01-24: GCI and this client have reached a mutually satisfactory agreement. The FPA considers this issue to be fully resolved.

I WAS AN IB for GCI for 5 years.....All of a sudden they cut me off without notice owing me 12, 000.......Totally unethical

Scam Investigations Committee Note: The FPA was trying to help Lynda negotiate with GCI Trading over this complaint. GCI stopped responding to her and refuses to answer questions from the FPA.

2007-06-30 4 Stars Been dealing with gci for 3 yrs......highly recommend for swingtrading...any disputes r settled in honorable and honest manner...Admin is very good...dealing desk is good....except during volatile mkts....which is the same with any other broker....I am satisfied.....

Absolutely shell shocked...this must be the scam of the game. These idiots will make us all rot and cry.

After my previous one star report the following happend with GCI. On a normal trade, not during a news session I hit my TP at 30 pips and it took about 2 to 3 minutes before they allowed me to exit and TP But 14 pips less on 16 pips and not my 30 pips. On a normal day and on GBP/USD This looks like a manipulated "slip" I checked on the minute scale and it was hanging around my TP for some time. No slips. And some more commentary on my previous post. They asked me to put everything in writing to a MR ESPJO. Well you guessed it, no reply. I had a deliver report on 11 May 2009 but no read report and NO REPLY. Not even saying they looking into it. Yes, NO CUSTOMER SERVICE from GCI. They do not have any HELP in case of a problem. They would only help you to get rid of your money. When making a deposit they act in seconds. With a problem, never. I want to say something bad about them here so that they have to contact me.But most likely they couldnt care less because they busy taking deposits and stealing peoples money. Oh that reminds me of a trade I did today.I had a TP of 40. It SLIPPED UP to 45 pips profit and when I tried to exit it would not but conveniently slipped to 39.5 pips (not my 40 which it was supposed to be) and then went its merry way in my original direction more than 70 pips.So I have to be happy to get 39.5 at least. But add all those .5 pips up of everyone.Where I am from its hard to change but Im moving away far from GCI. I am not giving these bad reports because I have made mistakes and lost all my money. As a matter of fact I am in profit BUT GCI "mistakes" cost me about 80 pips the last week.(Thanks to nice trades I find around information I found on Guys that gets 5 stars here) So I cannot trust GCI with any order. Whats interesting. When I started and had losses. None of these things happened. But as soon as I started to run into profit all these popped out. Now that makes me wonder. Therefore. Take my advice. Do not go close to this crowd. They waiting for you and your money.Well unless you are a loser. Then they will be your partner and friend.

2009-05-11 1 star GCI works when you stay on the demo side. Quick response helpful and to get your money into your account is like a dream. BUT.When you are trading live and you have a problem, you have a problem. Well I had. And I am busy with a case where the trade hit my TP and nothing happend. Then the trade turned against me and when I manually stopped it out to limit my loss at 19 pips they said I voided the transaction by changing the order. The original stop loss was 35. So they wanted another 16 pips from me and not just 19 :) And then they argued the trade turned 3 pips from my TP and I have screen shots where it went 3 pips passed. They try and wiggle themselves out of this one with the silliest excuses like I only reported it an Hr after it happend, why not right away? Its too late. WOW! After I repeated to them what they told me they said I'm twisting their words. I have it on black and white so they have very short memories too. And all seems to fit their pockets. Now I never tried to draw money. So now wish me luck with that. But I would not open an account with GCI or recommend them to anyone. I believe all the other bad reports on GCI on here.

The are a bunch of theives. If you loose money they love your business, the moment you make money you are a crook in their eyes. Find a different broker they suck

I am a client of GCI Financial Ltd ("GCI"),i have a live forex account with them with acct number 1055(MT4) acct name:Austin Muogbo.I placed a trade on the 8th of October 2008 with ticket number1682. On the 9th of October 2008 GCI without my order or consent close my trade thereby putting me in loss of $82,000 after which the trade move only 7 pips and retraced back to my take profit.I wrote to GCI but they said nothing instead of refunding my money they decided to place the money back in a losing trade to wipe off my remaining balance without my consent as though I have
no right over my account.:)

The trade was placed with ticket number: 1682. on Wednesday 8th oct. and the trade was closed on thursday by GCI with balance of over $22,000.I wrote GCI to refund my account and not to re-instate the trade. Because the trade had already hit my take profit at 98.71. If GCI did not close the trade, it had hit the take profit.

I placed a trade which i did not close,therefore,I see no reason why GCI should close a trade on my behalf when I still have money worth over $22,000 in my account. Therefore the state of the account before their undue interruption and after your interruption should be put into consideration.


POSITION ON INTERRUPTION:see below

Ticket=1682
Open Time=2008.10.08 17:40
Type=sell
Size=35.00
Item=usdjpy
Price=99.01
S/L=0.00
T/P=98.71
Close Time=2008.10.09 04:34
Price=101.41
Commission=0.00
Taxes=0.00
Swap=0.00
Profit=-82 832.07.

The price only moved seven(7) pips up and came down to hit my take profit.I
was watching so closely.
I never requested for re-instatement of the trade, but of my account to be refunded including the profit. (Please direct me on how to send all the evidents to you)

Please i want you to intervien in this Knowing that this is my hard earned money.I have been communicating with them since but they promise to do something but since then nothing has been done to remedy the situation.I shall be happy if my case is properly looked into.
Thanks in anticipation

Austin Muogbo
Account number 1055(MT4).