GCI Trading

actually they are pretty good , low spread and good customer service

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 54.00. 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 was 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.

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 [just like the pop up PRICE HAS CHANGED WINDOW], 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.

http://www.4shared.com/file/73701114/d0da5943/7_GCI_DEMO_vs_REAL_Price_Update_Difference.html

They take minutes to confirm limit orders! And they take minutes to cancel a trade.

The slowest broker I had the bad luck to deal with.

Slippages with big spreads… Looks like scam.

Leverage is good. The platform could be better and the execution is decent. Overall, they’re a 3 stars broker.

Demo account is one thing and the real account is another. GCI proves this. While on the demo account it seems a decent broker, open a real account with them and see the high spreads and the bad execution they offer.

The spreads on the demo account are different from the real account! Total scam.

Lousy customer support, slippage and wrong quotes. I don’t disclose my name on this review because I want to withdraw my money from GCI Trading. I simply don’t trust them, so I prefer to remain anonymous.