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GCI

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Operating status: SCAM

Website: https://www.gcitrading.com

Broker violations and abnormal records
  • 2008-10-19 The Spanish regulator CNMV added GCI into the unregistered firm alert
    The Spanish National Securities Market Commission (CNMV) warned the public that the firm is not authorised to provide the investment services in the country: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=GCI
    The Spanish National Securities Market Commission (CNMV) warned the public that the firm is not authorised to provide the investment services in the country: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=GCI
  • 2014-01-27 The French regulator AMF issued a warning on GCI
    The French Autorité des Marchés Financiers (AMF) warned the public that the firm is not authorised to provide the investment services in the country: https://www.abe-infoservice.fr/search-es?term=GCI%20Financial%20LTD
    The French Autorité des Marchés Financiers (AMF) warned the public that the firm is not authorised to provide the investment services in the country: https://www.abe-infoservice.fr/search-es?term=GCI%20Financial%20LTD
  • 2021-09-02 BrokersView has reviewed that GCI is an unregulated forex broker

    GCI claims to be operated and owned by GCI Financial LTD, an entity registered in Saint Vincent and the Grenadines Financial Services Authority (SVG FSA). We do find a match result to GCI in SVG FSA. Nevertheless, SVG FSA does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities. 

    What's more, two professional regulators the Spanish National Securities Market Commission (CNMV) and the French Autorité des Marchés Financiers (AMF) both issued warnings against GCI for providing financial services without authorization. So GCI is currently not regulated by any financial regulator. That means investors' funds in this broker are unsafe and cannot be protected by any laws. Therefore, it is a scam broker.


    GCI claims to be operated and owned by GCI Financial LTD, an entity registered in Saint Vincent and the Grenadines Financial Services Authority (SVG FSA). We do find a match result to GCI in SVG FSA. Nevertheless, SVG FSA does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities. What's more, two professional regulators the Spanish National Securities Market Commission (CNMV) and the French Autorité des Marchés Financiers (AMF) both issued warnings against GCI for providing financial services without authorization. So GCI is currently not regulated by any financial regulator. That means investors' funds in this broker are unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
  • 2023-06-29 The OSC issued a warning against GCI

    On June 30, 2023, the Ontario Securities Commission (OSC) issued a warning against GCI, stating that this broker is not registered in Ontario to engage in the business of trading in securities: https://www.osc.ca/en/investors/warnings/gci-online-trading-aka-gci-financial-ltd

    On June 30, 2023, the Ontario Securities Commission (OSC) issued a warning against GCI, stating that this broker is not registered in Ontario to engage in the business of trading in securities: https://www.osc.ca/en/investors/warnings/gci-online-trading-aka-gci-financial-ltd

Related Complaints

Q&A

Should I trade with GCI?

Justin saji Abraham
Iran
2023-03-29
ANSWER GCI is an unregulated broker even though it states offers that look too good to be true.GCI claims to be operated and owned by GCI Financial Limited, an entity registered in Saint Vincent and the Grenadines Financial Services Authority (SVG FSA). We do find a match result to GCI in SVG FSA. Nevertheless, SVG FSA does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities. In addition, two professional regulators have issued warnings against this broker, they are:1) the Spanish National Securities Market Commission (CNMV), and you can check the full warning here;2) the French Autorité des Marchés Financiers (AMF), and you can check the full warning here.Regarding your question, we would suggest not to trade with GCI since it is an unlicensed broker. Letting this broker hold and control your funds or trading with them is very risky, as there are no safeguards in place to prevent fraud or theft. Therefore, we would recommend staying away from such unlicensed brokers as GCI and trading with fully regulated brokers.
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What is the minimum deposit required to open an account at GCI?

Askander
Malaysia
2022-06-06
ANSWER GCI is not a licensed or regulated broker even though it states offers that look good to be true. GCI claims it is owned and operated by GCI Financial LTD, a company registered in the St Vincent & The Grenadines Financial Services Authority (SVG FSA). We do find a match result to GCI in SVG FSA. However, SVG FSA does neither issue licenses for forex trading nor regulate brokers offering forex activities. More importantly, the Spanish National Securities Market Commission (CNMV) and the French Autorité des Marchés Financiers (AMF) both issued a warning to this broker for offering financial services and products without authorization. You can check full warnings from CNMV and AMF against GCI.The truth is, GCI is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like GCI and trade with licensed brokers.
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3 comments

Gerald
Its fully scam company dont invest your money in this company .GCI trading company is 1000% scam with clients and client have only one way die ....
2023-01-20
Reply
farman ul haq
Gcitrading blocked all my withdrawal requests, blocked my account, stopped picking my calls and thought it was over. No.
2023-01-20
Reply
Prince
I opened an account in GCI. So did my friends. Unexpectedly, as we started to make some profits, GCI closed our positions and the next day they empty our accounts. They also removed our accounts' trading history. No response to online chat, No response to email. They are not giving us even our initial funds back. No response at all!
2022-10-13
Reply
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