GIC Markets Journal

Journal status: live
GIC Markets joined in | not yet
GIC Markets Profile
Year
2016
Country
SVG
Branches
1
Regulation
not regulated
Registration
FSA SVG
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
...
Broker type
MM, STP, ECN pricing
Dealing book
A-book
Tier
3
Execution speed
...
LPs total
11
LPs quality
Tier-1 Banks
LPs names
Bank of America, Citibank, Commerzbank, Credit Suisse, GSA Capital, HSBC, Morgan Stanley, RBS, SEB, SMBC, UBS

GIC Markets Accounts
MM
STP
ECN
Minimum Deposit
20 $
100 $
500 $
Leverage
400 : 1
400 : 1
400 : 1
Minimum Lot
0.01 lots
0.01 lots
0.01 lots
EURUSD spread
1.5 pips
1.2 pips
0.4 pips
Commission
0 $/lotRT
0 $/lotRT
7 $/lotRT
Volume
150 lots
200 lots
400 lots
Margin Call
100 %
100 %
100 %
Stop Out
30 %
30 %
30 %
Execution
Market
Market
Market
Spread
floating
floating
floating
Scalping
no
no
no
Deposit & Fees
Deposit methods
Bank Wire, Skrill, Neteller, Credit Card, Debit Card
Base currency
USD, EUR, GBP
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after ... months
Update broker

Is GIC Markets safe?

  • Investor protection: no
  • Regulation: not regulated
  • Registration: FSA SVG
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: ...

Is GIC Markets trusted?

  • Information transparency: sufficient ★★★
  • Customer service: virtually non-existent
  • GIC Markets website: semi-detailed, updated ★★★
  • GIC Markets popularity (by visitor count): low visits ★★

How GIC Markets works

Straight Through Processing (STP) Model

Deep liquidity

ECN/STP brokerage

https://www.gicmarkets.com/about/our-advantages

Trading with scalping such as trade with duration of five (5), minutes or less is completely prohibited and the EA (expositor adviser) with this short scalping strategy also not allowed. Any fraudulent activity we must suspend the principal account under investigation of compliance.

The Company receives fees/commission from the counterparty through which it executes transactions. This fee/commission is related to the frequency/volume of transactions executed through the counterparty.

https://doc.gicmarkets.com/agreement/terms-and-conditions.pdf

The Company acts as the market maker or as the broker in accordance with the account type and operating conditions with Customers. The Company is the principal to all CFD Transactions executed by you with the Company. We are not required to continue to make markets in any instrument and may refuse to accept any order in our absolute discretion. The markets the Company offers (and its prices) are derived from underlying prices quoted in the relevant markets.

CFD trading with the Company is not conducted on a regulated exchange, and there is no clearing house or other central counterparty which guarantees our payment obligations to you under contracts that you enter into. Consequently, engaging in CFD trading may expose you to substantially greater risks than other instruments which are so traded.

As a CFD market maker the Company may have access to information that is not available to you, may have acquired trading positions at prices that are not available to you, and may have interests different from your interests. The Company does not undertake any obligation to provide you with market or other information we possess, nor to alter or refrain from our own trading.

https://doc.gicmarkets.com/risk-warning.pdf

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