GCI Financial

To start, users will need to register on the official page of the financial service. The developers of the web portal have placed a special questionnaire there for the convenience of clients. You will have to enter some of your personal information as well as contact information. It is important that without providing administrators with your personal documentation, the procedure will not be completed and you will not receive full access to the trading terminal. If you decide to provide scammers with all your details, then you can count on access to GCI Financial personal account and numerous financial instruments.

Immediately after logging into your account, you can choose the appropriate trading account option for yourself. The company does not provide a wide variety of tariffs, offering a choice of only two options. They provide the following characteristics:

• ActTrader Account – access to all financial instruments is provided, the lot volume is 100 shares, ECN trading is not available here;
• MetaTrader Account – all assets are available for trading, the lot volume is 1,000 shares, trading is available through a mobile application, ECN trading is provided.

It is important to note that both accounts provide almost the same conditions. This includes the same minimum deposit, which starts at $500.

To attract more gullible and inexperienced users, scammers also use the presence of a demo account, which supposedly will allow you to test a trading terminal with virtual money. However, this option also involves high commissions and mandatory replenishment of a real account. Scammers also offer their clients a high-quality affiliate program, which in practice provides for a very dubious structure. Broker GCI Financial offers its clients to invite referrals for a certain percentage of passive profit, which in essence is a regular pyramid.

Security of trading with a broker

The official page of the service states that the company’s services are widespread among European traders. In particular, the emphasis is on British registration and license from the FCA. However, in reality it turned out that this office did not possess any such documentation. Fraudsters are registered in an offshore zone, which does not give them any legal right to provide their financial services in Europe. The same can be said about contact information, which is presented in abundance on official website of GCI Financial. Not a single email or phone number responds or can be useful to you to solve the problem.

It is also important to note that scammers do not provide their clients with a full user agreement. Traders have access to only a small situation, which contains the general conditions for using the financial platform. You must agree with them if you want to continue cooperation with this company. However, it will later turn out that you do not have the right to independently manage your own capital, since the agreement provides for the waiver of rights to invested deposits. There is also no privacy policy here. Therefore, your data transferred when registering your personal account can easily be used by the same scammers to issue loans and microloans in your name.