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GCI Financial server location and latency: Featured broker within 1.84ms

In this post we will be reviewing GCI Financial and identifying the best server location for them. We understand that one of the struggles as a Forex trader is reducing the amount of slippage that happens when you execute a trade. If it takes longer for your broker to receive your trade, you get in the market later and this costs your profit, or even worse causes you to lose money. at FXVPS we make sure that doesn’t become an issue by having our VPS servers directly adjacent to the same DATACENTER as the brokers. Thats how we can provide you with the lowest latency in the market.

gosafe

I left a review with GCI some few months ago and I promised to update it with time. Apparently the 4 digit server which gci gives clients are actually market made so in other words, there is a dealing desk so when you make money on that server, be sure you will be stopped! GCI gives this as default to clients because they are very aware 80-90% of traders will face so the odds is good for them. I won’t penalise them for having a business strategy but I still find it not ethical to open up. So, after about a year with GCI, I started introducing some of the people I train to them. They then got unhappy and increased the spreads. I was averaging 50 points on EURUSD! I contacted my account manager who said they will look into it. They never really did although he came back to me that it was sorted. When I left, they contacted me that they would like to set up a “win-win” deal between us which sounded like a good idea but after over a month I just do not think any serious win-win situation will will come handy. It took several weeks , in some cases over a month for most of the trainees to get back their withdrawals. In short if you are into trading to make money (which I am sure it is why you are trading in the first place) DO NOT TRADE GCI’s 4-digit (normal) currencies. Use the ECN server which has 5 digit currencies. That said, given the poor nature gci is organised (it does not operate as your normal broker and after all this while I am still not sure who/what they are really.I knew and concerned was I was making money) If you therefore wants a ECN broker to work with and not need to take advantage of 4-digit feed, then I will not see why you will go to GCI when you have IC Market, FP market and the rest who will give you fantastic customer support and true ECN connection. There are thousands ECN’s now. I really will not see why you will go to a company with not even consistent online support? So this is my honest, final opinion about GCI. For me, I am done with them and I will not recommend if you are into trading to make money. Thank you Dec 4, 2020 – 4 Stars I have been using this broker for just over a year now. I started trading with them in September 2019. I must say that at the start I was worried about the reviews i saw here but Jacques was kind and very professional in answering my questions and was very honest. In short, I will admit they have other areas they need to improve on, but overall I am happy and have even recommended them to my brother, who is also a good trader. They have one of the best feeds, no commission, and quick execution. So here is my review in detail… Pros: 1. In my opinion, like someone else said, you will hate GCI if you are not a genuine, true trader. By this I mean someone who can read charts, interpret indicators accurately and take trades with confidence and not scared to lose on some trades. Their platform is designed mainly for positional/medium/long term trades. Strategies such as scalping are not allowed. You must speak to your account manager and seek clarifications if you are not sure of anything. Secondly, if you are into manipulative trades such as swaps trading, latency arbitrage etc you should also not consider using GCI (In fact you will hardly get any broker who allows that anyway). They allow indicators BUT no EAs. This is where i think a few of people are also missing it. Again, given scalping is not allowed on their platform, it makes sense to know that EAs are a no no. Personally, my trading strategy looks at Supply and demand interplay, with few good indicators and a look into how futures market is playing out. For me, I think they have a very amazing price feed and conditions if you really know what you are doing as a trader. 2. They pay. I have withdrawn thousands of dollars from GCI in the last year i have been with them. I have prove for this. Yes, I mean thousands, not hundreds. This is no way to brag but to let you know that if indeed you are into genuine, manual trading, you shouldn’t have problem with GCI when it comes to payment. I haven’t had any issues so i wont know but i suspect gci refuses payment because of some of the issues i have raised above Cons: 1. I am in the UK but for some reason, deposits and withdrawals cannot be done with any of the popular gateways such as PayPal, skrill etc. This used to make depositing and withdrawing very difficult. Lately, I have been using bank transfer which appear to make it better. Currently, i am able to deposit and withdraw in roughly 3 days which for me, is ok. My only problem is that the bank rate used in the exchange appear to be higher than i expect and there are no indications of any extra charges. I have sought clarifications on this and still waiting to know why their bank charges/exchanges so high? 2. Their online support is not great but so far my account manager has answered all my questions. I will be updating this review as things go but as things stand, this is my fair, honest experience with this broker. Thank you

06/03/2021

ronaldo_rene

I think. GCI is a scam. I asked them some days ago about sending me a statement about deposits and withdrawals, but they simply don’t answer. I think, they are not even interested in answering any mails. You should not give them there money or you will have only problems! When you try to write to GCI, they say, that their mailboxes are full! Very interesting ;-) This seems not to be a very trustful broker :-) ——– I’m sorry to have to inform you that your message could not be delivered to one or more recipients. It’s attached below. For further assistance, please send mail to postmaster. If you do so, please include this problem report. You can delete your own text from the attached returned message. The mail system : host emailsrv.gcitrading.com[192.185.21.206] said: 550 Mailbox is full / Blocks limit exceeded / Inode limit exceeded (in reply to RCPT TO command) : host emailsrv.gcitrading.com[192.185.21.206] said: 550 Mailbox is full / Blocks limit exceeded / Inode limit exceeded (in reply to RCPT TO command) : host emailsrv.gcitrading.com[192.185.21.206] said: 550 Mailbox is full / Blocks limit exceeded / Inode limit exceeded (in reply to RCPT TO command)

20/12/2020

Abdul Waheed

i open an account and refer my friends, they also open their accounts, when we go in positive equity they cancel our positive equity and next day they empty our accounts, they didn’t come on live chat, they remove our account’s history, very cheap and third class broker, they are not giving us even our initial funds, no one can ask them.

19/03/2020

LEUSHUN

THEY ARE A BUNCH OF SCAMMERS. I DEPOSITED MONEY IN THE ACCOUNT THEY MENTION ON THEIR WEBSITE. IT WAS NEVER DEPOSITED IN MY ONLINE ACCOUNT. THESE PEOPLE ARE CROOKS. THEY TOLD ME THEY NEVER RECEIVED THE FUNDSAND STATED THAT THEY CLOSED THE ACCOUNT AFTER I ALREADY SENT IT DO NOT TRUST THEM. THEY DONT HAVE A REGULATORY BODY AND WILL NOT HESITATE TO SCAM YOU

05/02/2020

Who is GCI Financial?

GCI Trading is a forex broker offering the MT4 and ActTrader forex trading top platforms. GCITrading.com offers over 35 forex currency pairs, stocks, indices, futures, commodities, gold, silver and oil for your personal investment and trading options. Please read GCI Trading Reviews below and share your live trading experiences with this broker.

Where are they located?

GCI Financial server is located in London with just latency of just 8ms from our VPS.

With any broker, one thing to realize is that where their head office is and where their Metatrader 4 servers are located are two very different places. Majority of Brokers have their servers located in one of three key locations(New York, London, Amsterdam). We have gone through and tested a server in each of locations to find the fastest connection and lowest latency to GCI Financial. Here are the results:

Amsterdam

8 ms

Frankfurt

17.27 ms

London

1.84 ms

New York

85.65 ms

Who is FX-VPS

FX VPS is a world class Forex VPS provider that provides you with the fastest trade execution, whilst saving you up 60% . Give yourself the edge by using one of our servers. Order one of our FXVPS servers for just $17.99 and see the difference for yourself.