GCI Trading 

Category: Forex Broker Reviews
http://www.gcitrading.com
Average user rating from: 8 user(s)

Broker Rating
1.3
 
GCI Trading

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FOREX JUSTICE SPOTLIGHT ARTICLE

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User reviews
Monday, 27 July 2009

Written by Rob Davis from Australia

I've trade with several different brokers and GCI is the best. Not only have I made money almost every month trading with them, I get withdrawals back into my moneybookers account without any hassles.
Monday, 01 June 2009

Written by bbxxx from Hong Kong   -  View all my reviews  - Top 50 Reviewer

Strange, all the reviewers here provided bad comment. But my experience is different. I use this account for Dows and Hang Seng futures which the response is very quick. I think the wider spread is due to less volume on those futures. Try the common one ie. Dows, Forex ... etc. I can even receive money from them through moneybookers with the profit that I earned from the gci account. Regular 1500 USD per month. Their online support has a very quick response.
SCAM
Sunday, 19 April 2009

Written by jackie from China

Do not use this broker because I learn my lesson and I regret opening a account with them.
This broker is a total SCAM. Please save your money and you have been warned
SCAM
Tuesday, 03 February 2009

Written by C. N. Soule from USA

Please do not give out any information as you cannot reach anyone to talk to regarding your account with this company. Also, on your credit card statement there is no telephone number. This is definitely a rip off. Someone has a very well organized scam going on here. Please whatever you do don't fall for it! Getting the $39.00 initial fee taken off your credit card is like pulling teeth.
SCAM
Monday, 29 December 2008

Written by Kenneth Paulina from Netherlands Antilles

Hi;
Opened a 2000 USD REAL account with GCITrading.com November 21, 2008. I was told the DEMO and REAL account are identical. It turned out to be false. The REAL account prices are manipulated. The videos below caught their price manipulation in the act for all to see. Try to open a SELL Oil position at 54.00, however after a long delay a REJECTED WINDOW pops up telling me the prices moved down to 53.90. But this is not true, because the Platform prices remained at 54.00. So I quickly tried to open a BUY Oil at 54.04 to see what would happen, again the REJECTED WINDOW pops up telling me the price moved up 54.14. EVEN THOUGH the platform price spread remains at 54.00 - 54.04. Please note, THIS IS NOT A ONE TIME OCCURRENCE.
I made a screen recording to prove my case. Go to these links and download the video. [copy and paste link if necessary]
The downloaded video is much [MUCH] sharper then the webpage video, but may take awhile to download.
You also need to set Windows Media Player to full screen to see the details.
http://www.4shared.com/file/73427742/997c0a93/1_GCITrading_REAL_-_Oil_Price_Spread_Manipulation__Delay.html

http://www.4shared.com/file/73429554/8a5f3dba/2_GCITrading_REAL_-_Oil_Price_Spread_Manipulation__Delay.html

http://www.4shared.com/file/73523693/1e296a8d/8_GCITrading_REAL_-_Oil_Price_Spread_Manipulation__Delay.html

Here are 2 more videos showing an attempt to close the same SELL Oil position at 54.00. In one video the price REJECTED PRICE WINDOW pops up with a new price of 53.75. and in the 2nd video a change to 53.85.
That's a 15 to 25 pips below the platform SELL price of 54.00 price. A price manipulation of plus 15-25 pips CLEARLY in favor of GCI.
All the while the Platform price remains steadfast at 54.00 - 15.04 even after open and closing both pop up windows. Price manipulation ALWAYS in increments of 5 i.e. 10,15,25 etc

http://www.4shared.com/file/73442917/266122c1/3_GCITrading_REAL_-_Oil_Price_Spread_Manipulation__Delay.html

http://www.4shared.com/file/73447140/fcbfe2ad/4_GCITrading_REAL_-_Oil_Price_Spread_Manipulation__Delay.html

More videos on price manipulation

http://www.4shared.com/file/73962971/5f0660cc/9_GCITrading_DEMO_-_Opening_Oil_Position.html

The next video is to show the DEMO vs. REAL price update. The REAL is deliberate faster to justify that your market order supposedly jumped against you right when your order went trough. It's ironic that the price ALWAYS jumps against you but never for you. My email address: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
http://www.4shared.com/file/73701114/d0da5943/7_GCI_DEMO_vs_REAL_Price_Update_Difference.html
SCAM
Monday, 08 December 2008

Written by Kenneth Paulina from Netherlands Antilles

Hi;
Opened a 2000 USD REAL account with GCI Trading.com November 21, 2008. I was told the DEMO and REAL account are identical. It turned out to be false. The REAL account prices are manipulated. The videos below caught their price manipulation in the act for all to see. Try to open a SELL Oil position at 54.00, however after a long delay a REJECTED WINDOW pops up telling me the prices moved down to 53.90. But this is not true, because the Platform prices remained at 53.00. So I quickly tried to open a BUY Oil at 15.04 to see what would happen, again the REJECTED WINDOW pops up telling me the price moved up 54.14. EVEN THOUGH the platform price spread remains at 15.00 - 15.04. Please note, THIS IS NOT A ONE TIME OCCURRENCE.
I made a screen recording to prove my case. Go to these links and download the video. [copy and paste link if necessary]
The downloaded video is much [MUCH] sharper then the webpage video, but may take awhile to download.
You also need to set Windows Media Player to full screen to see the details.

http://www.4shared.com/file/73427742/997c0a93/1_GCITrading_REAL_-_Oil_Price_Spread_Manipulation__Delay.html

http://www.4shared.com/file/73429554/8a5f3dba/2_GCITrading_REAL_-_Oil_Price_Spread_Manipulation__Delay.html

http://www.4shared.com/file/73523693/1e296a8d/8_GCITrading_REAL_-_Oil_Price_Spread_Manipulation__Delay.html

Here are 2 more videos showing an attempt to close the same SELL Oil position at 15.00. In one video the price REJECTED PRICE WINDOW pops up with a new price of 14.75. and in the 2nd video a change to 14.85.
That's a 15 to 25 pips below the platform SELL price of 15.00 price. A price manipulation of plus 15-25 pips CLEARLY in favor of GCI.
All the while the Platform price remains steadfast at 15.00 - 15.04 even after open and closing both pop up windows. Price manipulation ALWAYS in increments of 5 i.e. 10,15,25 etc

http://www.4shared.com/file/73442917/266122c1/3_GCITrading_REAL_-_Oil_Price_Spread_Manipulation__Delay.html

http://www.4shared.com/file/73447140/fcbfe2ad/4_GCITrading_REAL_-_Oil_Price_Spread_Manipulation__Delay.html

More videos on price manipulation

http://www.4shared.com/file/73962971/5f0660cc/9_GCITrading_DEMO_-_Opening_Oil_Position.html

The next video is to show the DEMO vs. REAL price update. The REAL is deliberate faster to justify that your market order supposedly jumped against you right when your order went trough. It's ironic that the price ALWAYS jumps against you but never for you. My email address: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

http://www.4shared.com/file/73701114/d0da5943/7_GCI_DEMO_vs_REAL_Price_Update_Difference.html
SCAM
Saturday, 22 November 2008

Written by lynx from Singapore   -  View all my reviews  - Top 10 Reviewer

Believe it or not, even in the demo mode, they tried to scam me. Closed down my demo after a few days and wrote me a nice email inviting me to open an account. Hahahaha. Their address is somewhere in Belize, home of HYIP scams. Which idiot has sent money to them? Hahahahaha
SCAM
Saturday, 16 February 2008

Written by Stefan from none

They lie on their spread, they always give you new price, their spread is like 3 times higher as what you see on their platform. And if you win they just make spikes on weekend and close your account after a while. Attention, there are other companys who looks like gci, their website is a little bit changed but everything else is the same. And now it seems that they sold my email adress wich I made just for gci, now I recieve spam there and i never shared it to anyone. And whoever posts good things here about gci is a liar, just trust me or you will pay for it.


 
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