www.gcitrading
GCI Financial Ltd, with over 10,000 clients worldwide, including individual traders, institutions, and money managers, is a regulated securities and commodities trading firm. The 2 features I would like to stress here about GCI are its specialization in online Foreign Exchange ("Forex") brokerage, and as a market maker in the trading of Contracts for Difference ("CFDs") on shares, indices and futures.
Forex at GCI
Exchange account types available at GCI are ICTS Forex and Meta Trader.
1. ICTS Forex
For those who would like to trade currencies or other financial derivatives in a small amount, ICTS Forex may be a good choice. Providing a low minimum transaction size (and lower account opening minimum, ICTS Forex Ac is ideal for individual traders. With no commission charged and low margin required, everyone with an ICTS account can have a trading software which provides real-time prices in currencies, equity indices, plus gold, silver, and crude oil. Clients can not only submit their orders (be it market, stop or limit) within seconds, but also open opposite positions in the same currency without offsetting the existing ones and without using additional margin. Another appealing feature is that risk is limited to deposited funds, which means that there is an up limit of the amount you may lose in the trading.
2. Meta Trader
Sharing features like low margin requirement and instant process of orders with ICTS Forex, Meta Trader is different in that it provids a wider product range and the MetaTrader software platform with unlimited charting and programmable trading signals. Meta Trader is also an ideal choice for exchange traders.
For both accounts, free online demos and free practice accounts are available, with which you can have a warm up before you jump in to the real world of trading. Further information about GCI’s foreign exchange, like available currency, spread, margin requirements, and cost of carry, is available on www.gcitrading.com by first put your mouse on ‘forex trading’ and click on the material that you are interested.
CFD Trading
As a finance major, it is the first time that I hear of the concept of Contract for Difference (CFD). So I would like to introduce the concept of CFD first.
According to the explanation on GCI’s website, I interpret it as a new kind of financial derivative. To give an intuition of how it functions, I use the example from the website. Suppose you have a positive view of Microsoft, and you would like to benefit from the rise of its stock price. Instead of buying the stock from the market, you can also buy CFD with Microsoft’s stock as its security. For example, instead of purchasing 1,000 shares of Microsoft from a stock broker, you can buy 10 lots of Microsoft on the GCI CFD trading platform. A $5 per share rise in the price of Microsoft would confer to you a $5,000 profit, just as if you had purchased the actual shares.
A major difference is that there are no exchange fees and many of the inefficiencies of trading the underlying shares on the exchange are eliminated. GCI can therefore offer CFDs with zero commissions and very attractive margin requirements.
Another difference is that clients can trade on margin, which means you can trade a full portfolio of shares, indices or commodities without tying up large amounts of capital.
However, as I notice, apart from the benefits mentioned on the website, at least 2 disadvantages of CFDs needs to be considered before you start trading. The first one is that you don’t have the right of having dividends as a shareholder, which means all you can get from CFDs is the capital gain, and if you are a investor instead of a speculator, CFDs is not a good choice. The other one is that when the stock price goes down, your loss is also enlarged. It’s so important to bear the risk of the financial market in mind. The current credit crisis is caused, to a certain extent, by the unrestrained enlargement of risk by a variety of derivatives.
Knowing both sides of this product, if you are still interested, more detailed information on CFD trading at GCI, such as the approximate value per lot, tick value per lot, trading time, and margin per lot can be found by clicking on CFD/Share trading. Also, free demos of this trading software is available.
If you have made up your mind to open an account at GCI, relevant information can be found under ‘Open An Account’. One last thing I would like to remind here is that, financial derivatives enlarge the underlying risk in the financial market. Before you make your decision, think about the possible outcomes, and ensure that your heart is strong enough to endure the loss. Also, never put all of your money in financial market!!
Forex at GCI
Exchange account types available at GCI are ICTS Forex and Meta Trader.
1. ICTS Forex
For those who would like to trade currencies or other financial derivatives in a small amount, ICTS Forex may be a good choice. Providing a low minimum transaction size (and lower account opening minimum, ICTS Forex Ac is ideal for individual traders. With no commission charged and low margin required, everyone with an ICTS account can have a trading software which provides real-time prices in currencies, equity indices, plus gold, silver, and crude oil. Clients can not only submit their orders (be it market, stop or limit) within seconds, but also open opposite positions in the same currency without offsetting the existing ones and without using additional margin. Another appealing feature is that risk is limited to deposited funds, which means that there is an up limit of the amount you may lose in the trading.
2. Meta Trader
Sharing features like low margin requirement and instant process of orders with ICTS Forex, Meta Trader is different in that it provids a wider product range and the MetaTrader software platform with unlimited charting and programmable trading signals. Meta Trader is also an ideal choice for exchange traders.
For both accounts, free online demos and free practice accounts are available, with which you can have a warm up before you jump in to the real world of trading. Further information about GCI’s foreign exchange, like available currency, spread, margin requirements, and cost of carry, is available on www.gcitrading.com by first put your mouse on ‘forex trading’ and click on the material that you are interested.
CFD Trading
As a finance major, it is the first time that I hear of the concept of Contract for Difference (CFD). So I would like to introduce the concept of CFD first.
According to the explanation on GCI’s website, I interpret it as a new kind of financial derivative. To give an intuition of how it functions, I use the example from the website. Suppose you have a positive view of Microsoft, and you would like to benefit from the rise of its stock price. Instead of buying the stock from the market, you can also buy CFD with Microsoft’s stock as its security. For example, instead of purchasing 1,000 shares of Microsoft from a stock broker, you can buy 10 lots of Microsoft on the GCI CFD trading platform. A $5 per share rise in the price of Microsoft would confer to you a $5,000 profit, just as if you had purchased the actual shares.
A major difference is that there are no exchange fees and many of the inefficiencies of trading the underlying shares on the exchange are eliminated. GCI can therefore offer CFDs with zero commissions and very attractive margin requirements.
Another difference is that clients can trade on margin, which means you can trade a full portfolio of shares, indices or commodities without tying up large amounts of capital.
However, as I notice, apart from the benefits mentioned on the website, at least 2 disadvantages of CFDs needs to be considered before you start trading. The first one is that you don’t have the right of having dividends as a shareholder, which means all you can get from CFDs is the capital gain, and if you are a investor instead of a speculator, CFDs is not a good choice. The other one is that when the stock price goes down, your loss is also enlarged. It’s so important to bear the risk of the financial market in mind. The current credit crisis is caused, to a certain extent, by the unrestrained enlargement of risk by a variety of derivatives.
Knowing both sides of this product, if you are still interested, more detailed information on CFD trading at GCI, such as the approximate value per lot, tick value per lot, trading time, and margin per lot can be found by clicking on CFD/Share trading. Also, free demos of this trading software is available.
If you have made up your mind to open an account at GCI, relevant information can be found under ‘Open An Account’. One last thing I would like to remind here is that, financial derivatives enlarge the underlying risk in the financial market. Before you make your decision, think about the possible outcomes, and ensure that your heart is strong enough to endure the loss. Also, never put all of your money in financial market!!
No comments:
Post a Comment