Forex Trading Software Preview

       GCI now offers both ICTS trading software (windows and java-based) and MetaTrader trading software:
 
 

ICTS Trading Software

Trade currencies on 2 pip spreads from the Dealing Rates Table or directly from real-time charts.   You can set alerts, place conditional orders, and take advantage of our AFX news feed, live quotes, comprehensive real-time position and account tracking, and mobile trading access.
 

Prices from the "Dealing Rates" windows are constantly updating and can be clicked on at any time to place a trade.  This full-featured trading platform also provides real-time account balance, P&L, and margin information, and real-time charts and news.  Recent enhancements include the ability to "hedge" (enter opposite positions in the same currency without offsetting or using additional margin). 
 
Click here for a Free ICTS Forex Trading Demo Account...
 

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MetaTrader Trading Software
GCI now offers Forex and CFD trading on the popular MetaTrader 4 trading platform.  Trading directly from charts, fractional lot capabilities, the ability to program trading signals, and unlimited charts and technical indicators are among the many benefits.  MetaTrader is ideal for novice traders and professionals alike.   All major currency orders are filled directly in the interbank market, with no dealer intervention or delays.

Test MetaTrader software for free: download the installation file (gci4setup.exe, 3.5Mb) to your PC, launch it and install the program, checking for instructions appearing on your monitor.

 

Software Download

ICTS Web-Based (Java) Trading Software:  No download necessary - login to your demo account here

ICTS Windows-based Trading Software:  Download Here
MetaTrader Trading Software:  Download Here

Standard Forex Account

State-of-the-art trading software. The GCI trading software provides real-time prices in currencies, global equity indices, gold, silver, and crude oil.  Live charts, and real-time P&L and account equity tracking are fully integrated into the free software.  Windows-based and Java-based versions are available.  Download a free demo... 

Zero commissions.  Client trading performance is enhanced by eliminating all commissions and transaction fees.

USD or Euro Denominated Trading Accounts.  GCI clients can now choose to maintain their account balance and P&L in either US Dollars or Euros.   Select the Base Currency you want for your account on the account application.

Trade on 2 pip spreads.  Clients can trade on tight spreads in major currencies and crosses, 24 hours a day.  Unlike many competitors, GCI's spreads are consistent in all market conditions and will never widen during volatile times or news releases.

Hedging Capability.  Clients can open positions in the same currency in opposite directions, without the positions offsetting and without using additional margin.

Product Offerings.  You can also trade Gold, Crude Oil, S&P 500, DAX 30, Nikkei 225, and Dow Jones on the same trading platform - with the same low margin requirements and zero commissions. 

Risk is limited to deposited funds.  GCI's sophisticated margin and dealing procedures mean that clients can never lose more than their funds on deposit.  All customer funds are insured and maintained in separate accounts.

Tools for successful trading.  GCI clients benefit from a wide array of resources to improve their trading results, including market analysis and research, real-time charts, and free Forex trading signals.

Try a Free Forex Demo Account...

Mini Forex Account

Rapid and fair trade execution.   Market orders are confirmed within seconds at prices clicked on or accepted by the client.  Furthermore, GCI has a "zero slippage guarantee" for all Forex Stop and Entry Stop orders that are placed at least one minute before the market reaches your specified price.  

Zero commissions for all accounts.  Client trading performance is enhanced by eliminating all commissions. 

State-of-the-art trading software. The GCI trading software provides real-time prices in 23 major currencies, 5 equity indices, plus gold, silver, and crude oil.  Live charts, and real-time P&L and account equity tracking are fully integrated into the free software.  Windows-based and Java-based versions are available.

USD or Euro Denominated Trading Accounts.  GCI clients can now choose to maintain their account balance and P&L in either USD or Euros.   Select the Base Currency you want for your account on the account application.

Tight 3 - 4 pip spreads.  Clients can trade on 3 - 4 pip spreads in major currencies and crosses, 24 hours a day.    

Broad offering of financial products.  In addition to currencies, you can trade mini versions of Dow Jones, Gold, S&P 500, other equity indices from your Mini Forex account.  Trading opportunities and profit potential are that much higher.  Click here for a full list of products and specifications.

$2000 minimum account balance.  GCI provides access to spot forex trading for individuals as well as institutions. Margin requirements are $50 per lot.

Risk is limited to deposited funds.  GCI's sophisticated margin and dealing procedures mean that clients can never lose more than their funds on deposit.

Hedging Capability.  Clients can open positions in the same currency in opposite directions, without the positions offsetting and without using additional margin.

Tools for successful trading.  GCI clients benefit from a wide array of resources to improve their trading results, including market analysis and research, real-time charts, and free Forex trading signals.
  

Forex Account Types

he Standard Forex Account is designed for traders wishing to trade currencies and other major financial products on one of the most sophisticated and full-featured trading platforms in the industry.  Narrow spreads and rapid execution are consistent in all market conditions.

$5,000 To open 100,000 Currency units per lot Currencies, Equity Indices, Crude Oil, and Metals 200:1 Leverage 2 pip spreads ICTS trading software	Open A Live Account
	Free Practice Account
	More Details...

 

Mini Forex

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The Mini Forex Account is ideal for traders wishing to trade currencies and other major financial products with a smaller transaction size and lower account opening minimum.

$2,000 To open 10,000 Currency units per lot Currencies, Equity Indices, Crude Oil, and Metals 200:1 Leverage 3 pip spreads ICTS trading software	Open A Live Account
	Free Practice Account
	More Details...

 

MetaTrader

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The MetaTrader Account offers a wider product range and the MetaTrader software platfrom.  While default lot sizes are 100,000 currency units, traders can select as little as 0.10 lots to transact.  Unlimited charting and programmable trading signals are among the features offered in GCI's MetaTrader account.

$2,000 To open 100,000 Currency units per lot; fractional lot capability Currencies, Equity Indices, Crude Oil, Metals, and Shares 200:1 Leverage 3 pip spreads MetaTrader software	Open A Live Account
	Free Practice Account
	More Details...

Overview of GCI Financial

GCI Financial Ltd ("GCI") is a regulated securities and commodities trading firm, specializing in online Foreign Exchange ("Forex") brokerage.   In addition to Forex, GCI is a primary market maker in Contracts for Difference ("CFDs") on shares, indices and futures, and offers one of the fastest growing online CFD trading services. GCI has over 10,000 clients worldwide, including individual traders, institutions, and money managers. GCI provides an advanced, secure, and comprehensive online trading system. Client funds are insured and held in a separate customer account. In addition, GCI Financial Ltd maintains Net Capital in excess of minimum regulatory requirements.

Automated trading platform

An automated trading platform is used both by trading system publishers, and the investors who subscribe to them. Using it, traders can track marked-to-market performance using several different metrics for verifiability.^[1] In addition to tracking performance of these "black box" systems, the automated trading platform also provides a venue to permit the system's buy/sell signals to be executed to the subscriber'sbrokerage account automatically. Some of the automated trading platforms are completely broker-agnostic and permit an interface with almost any brokerage firm.

The immediate benefit to investors is that it allows them to have insight into various trading systems that are on offer, which may make claims of profitability. The platform "allows people or institutions that believe they can outperform the market to prove to the public in a verifiable way that they indeed can do so."^[2] In the second stage of use, traders subscribe to one or more of these trading methodologies, and have the trades that are specified by the system executed automatically in a brokerage account.

Although turning over decisions and execution to a "black box" system requires the investor to give up an element of control, the automated trading platform does serve the purpose of allowing the trader to spend more time on strategy and on studying trends, rather than executing those strategies manually.

Fraud

Definition

In criminal law, fraud is the crime or offense of deliberately deceiving another in order to damage them – usually, to obtain property or services unjustly. [1] Fraud can be accomplished through the aid of forgedobjects. In the criminal law of common law jurisdictions it may be called "theft by deception," "larceny by trick," "larceny by fraud and deception," or something similar.

Fraud for profit involves industry professionals. There are generally multiple loan transactions with several financial institutions involved. These frauds include numerous gross misrepresentations including: income is overstated, assets are overstated, collateral is overstated, the length of employment is overstated or fictitious employment is reported, and employment is backstopped by conspirators. The borrower's debts are not fully disclosed, nor is the borrower's credit history, which is often altered. Often, the borrower assumes the identity of another person (straw buyer). The borrower states he intends to use the property for occupancy when he/she intends to use the property for rental income, or is purchasing the property for another party (nominee). Appraisals almost always list the property as owner-occupied. Down payments do not exist or are borrowed and disguised with a fraudulent gift letter. The property value is inflated (faulty appraisal) to increase the sales value to make up for no down payment and to generate cash proceeds in fraud for profit.

Marriage Fraud can take several forms and is the act of entering a marriage for personal gain rather than a genuine desire to enter into a sincere marital relationship. Marriage Fraud is usually associated with obtaining immigration benefits. In the United States, marriage fraud for immigration purposes is punishable under INA §204(c)(1) and the Immigration Marriage Fraud Amendments of 1986. Possible criminal penalties include $250,000 and 5 years in prison as well as deportation and a permanent bar against receiving future immigration status. Marriage Fraud can be either unilateral or bilateral Unity and Immigration Policy in the United States. In a unilateral marriage fraud, only one party is aware of the fraud and the fraud is against both the immigration service as well as the other party. The innocent party may file a lawsuit and/or annulment of the marriage. In a bilateral fraud, both parties are aware of it and both parties are subject to criminal penalties.

In academia and science, fraud can refer to academic fraud – the falsifying of research findings which is a form of scientific misconduct – and in common use intellectual fraud signifies falsification of a position taken or implied by an author or speaker, within a book, controversy or debate, or an idea deceptively presented to hide known logical weaknesses. Journalistic fraud implies a similar notion, the falsification of journalistic findings.

Fraud can be committed through many methods, including mail, wire, phone, and the internet (computer crime and internet fraud). The difficulty of checking identity and legitimacy online, the ease with whichhackers can divert browsers to dishonest site and steal credit card details, the international dimensions of the web and ease with which users can hide their location, all contribute to making internet fraud the fastest growing area of fraud.

Retail forex

In financial markets, the retail forex (retail off-exchange currency trading or retail FX) market is a subset of the larger foreign exchange market. This "market has long been plagued by swindlers preying on the gullible," according to The New York Times^[1]. Whilst there may be a number of fully regulated, reputable international companies that provide a highly transparent and honest service, it's commonly thought that about 90% of all retail FX traders lose money. ^[2] [3]

It is now possible to trade cash FX, or forex (short for Foreign Exchange (FX)) or currencies around the clock with hundreds of foreign exchange brokers through trading platforms. The reason that the business is so profitable is because in many cases brokers are taking the opposite side of the trade, and therefore turning client capital directly into broker profit as the average account loses money. Some brokers provide a matching service, charging a commission instead of taking the opposite site of the trade and "netting the spread", as it is referred to within the forex "industry."

Recently forex brokers have become increasingly regulated. Minimum capital requirements of US$20m now apply in the US, as well as stringent requirements now in Germany and the United Kingdom. Switzlerand now requires forex brokers to become a bank before conducting fx brokerage business from Switzerland

Algorythmic or machine based formula trading has become increasingly popular in the FX market,with a number of popular packages allowing the customer to program his own studies.

The most traded of the "major" currencies is the pair known as the EUR/USD, due to its size, median volatility and relatively low "spread", referring to the difference between the bid and the ask price. This is usually measured in "pips", normally 1/100 of a full point

According to the October 2008 issue of e-Forex Magazine, the retail FX market is seeing continued explosive growth despite, and perhaps because of, losses in other markets like global equities in 2008.

Charts

A chart is a visual representation of data, in which the data are represented by symbols such as bars in abar chart or lines in a line chart.^[1] A chart can represent tabular numeric data, functions or some kinds of qualitative structures.

Overview

The term "chart" as a visual representation of data has multiple meanings.

• A data chart is a type of diagram or graph, that organizes and represents a set of numerical or qualitative data.
• Maps that are ardorned with extra information for some specific purpose are often known as charts, such as a nautical chart or aeronautical chart.
• Other domain specific constructs are sometimes called charts, such as the chord chart in music notation or a record chart for album popularity.

Charts are often used to ease understanding of large quantities of data and the relationships between parts of the data. Charts can usually be read more quickly than the raw data that they are produced from. They are used in a wide variety of fields, and can be created by hand (often ongraph paper) or by computer using a charting application. Certain types of charts are more useful for presenting a given data set than others. For example, data that presents percentages in different groups (such as "satisfied, not satisfied, unsure") are often displayed in a pie chart, but may be more easily understood when presented in a horizontal bar chart^{[citation needed]}. On the other hand, data that represents numbers that change over a period of time (such as "annual revenue from 1990 to 2000") might be best shown as a line chart.

Types of charts

[edit]Common charts

Four of the most common charts are:

Histogram

bar chart

Pie chart

Line chart

This gallery shows:

• A histogram typically shows the quantity of points that fall within various numeric ranges (or bins).
• A bar chart uses bars to show frequencies or values for different categories.
• A pie chart shows percentage values as a slice of a pie.
• A line chart is a two-dimensional scatterplot of ordered observations where the observations are connected following their order.

Other common charts are:

Timeline chart	Organizational chart	Tree chart	Flow chart
Area chart	Cartogram	Pedigree chart	Funnel chart

[edit]Less-common charts

Examples of less common charts are:

Bubble chart

Polar area diagram

Waterfall chart

Radar chart

This gallery shows:

• A bubble chart is a two-dimensional scatterplot where a third variable is represented by the size of the points.
• A Polar area diagram developed by Florence Nightingale is an enhanced form of pie chart.
• A radar chart or "spider chart" is a two-dimensional chart of three or more quantitative variables represented on axes starting from the same point.
• A waterfall chart also known as a "Walk" chart, is a special type of floating-column chart.

[edit]Field-Specific Charts

Some types of charts have specific uses in a certain field

Open-high-low-close chart

Candlestick chart

Kagi chart

Sparkline

This gallery shows:

• Stock market prices are often depicted with a open-high-low-close chart with a traditional bar chart of volume at the bottom.
• Candlestick charts are another type of bar chart used to describe price movements of an equity over time.^[2]
• A Kagi chart is a time-independent stock tracking chart that attempts to minimise noise.
• Alternatively, where less detail is required and chart size is paramount, a Sparkline may be used.

Other examples:

• Interest rates, temperatures, etc., at the close of the period are plotted with a line chart.
• Project planners use a Gantt chart to show the timing of tasks as they occur over time.

[edit]Well-known named charts

Some of the more well known named charts are:

Gantt chart

Nolan chart

PERT chart

Smith chart

Some specific charts have become well known by effectively explaining a phenomenon or idea.

• An Allele chart is a chart originating from the study of genetics to show the interaction of two data points in a grid.
• A Gantt chart helps in scheduling complex projects.
• The Nolan chart is a libertarian political chart.
• A PERT chart is often used in project management.
• The Pournelle chart is a political chart to categorize state and rational ideologies.
• The Smith chart serves in radio electronics.

[edit]Other charts

There are dozens of other types of charts. Here are some of them:

Control chart	Natal chart	Nomogram	Pareto chart
Run chart	Structure chart	Vowel chart

[edit]Common plots

Main article: Plot (graphics)

Box plot

Dot plot (statistics)

Probability plot

Scatterplot