Currency Trading: FXCM and GCI compared


FXCM and GCI features and advantages

	FXCM http://www.fxcm.com/forex-trading-accounts.jsp	GCI http://www.gcitrading.com/
1 Size	100,000 clients/accounts, est.	10,000 clients/accounts, est.
2 License to operate	All nationalities including US, UK and Canadian citizens welcome	Not licensed to accept US, UK and Canadian citizens
3 Account types	Forex only – Standard and mini accounts	CFD (stocks, futures, commodities and indexes) and Forex – Standard and mini
4 Minimum deposit required to open an account	$300 for standard, adjustable to mini	$2,000
5 Spreads	Floating and generally higher	Fixed and generally lower, from 1 pip for the Euro and 2 to 4 pips for the other FX majors.
6 Incentives	Free education and other incentives to Gold Account owners http://www.fxcm.com/gold-accounts.jsp	Generous returnable bonus margins up to $750 and waiver of all bank remittance fees
7 Slippages, requotes and delays	No Dealing Desk Execution. No delays. With Trading Mode set to At best, no requotes. Orders filled at next best price, automatically. Always subject to slippages. See ‘Dealing desk policies, rules and procedures’	While 2 and 3-pip minimum spreads are displayed in the trading platform, Dealing Desk Execution is in operation. Always subject to slippages, requotes and delays. See ‘Dealing desk policies, rules and procedures’

For inquiries, send email to: forex300club@gmail.com

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Currency Trading