GCI Review : Fees, Pros and Cons, Reviews by Real Traders

GCI

Operating status: SCAM

Website: https://www.gcitrading.com

Broker violations and abnormal records

Oct 19, 2008 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
Jan 27, 2014 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
Sep 02, 2021 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.
Jun 29, 2023 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

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