GCI Financial- how reliable is this broker?
GCI Financial is not the smallest Forex broker but that doesn’t mean that it’s a reliable one. At all the big forex review sites you only hear bad things about GCI Financial and this is something that concerns a lot of traders. Either these sites call GCI Financial a scam or say that you should be very cautious when dealing with them. We recommend taking a look at our reliable forex broker instead.
You don’t have to say much about GCI Financial because it’s pretty obvious that it’s a scam. Usually, we don’t say that because there are always two sides of the medal and there are always trader that call a broker a scam but in this case it’s pretty obvious.
Sites like the Forexpeacearmy tried to communicate with GCI Financial because there were several traders complaining about them. GCI Financial just stopped to talk to traders that lost money there and also did not get back to Forexpeacearmy any more. This is very sad and already proves that something is wrong there.
The worst complaint is that there are adjustments in your account after closing profitable positions. Some traders lost thousands of dollars due to these adjustments are not happy about it to say the least.
Experiences with GCI Financial
Let’s take a look at the experiences of other traders with GCI Financial. We can say in advance that there are not many positive comments to be found…
I made some big losses because the positions were not executed in time or were closed when I did not want them to close.
I have been an Introducing Broker at GCI Financial for years and now they just closed my account for no reason. They still owe me $ 12,000.
There are strange adjustments that don’t make any sense when I close a position with profits.
I can’t make any withdrawals and they don’t reply to any emails.
Calling GCI Financial not reliable is way too nice. This broker is a total scam and they will take your money step by step. The IFSC won’t do anything about it and I think they belong together somehow. They stole $ 20,000 from me. Don’t even think about opening an account there.
They took my profits from my account for reasons I don’t understand.
The IFSC should regulate GCI Financial but although I complained several times there they seem not to care. Stay away from GCI Financial.
If you make profit they make adjustments and it says “Off Market Traders”. Whatever this means. They don’t reply to your complaints and you can forget your money.
I can’t believe that GCI Financial is still in business. In the year 2003 they took away $ 5,000 from me. They simply closed positions although the Stop Loss was not even touched.