GIC Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-11 14:32

Abstract：GIC has built the world's first Peer to Peer (P2P) Forex Trading Platform that enables customers to choose as Traders or Market Makers. The tradable instruments with a maximum leverage of 1:400 include foreign currency pairs, gold, indices, and commodities. The broker only provides a P2P Blockchain-based platform. GIC is still risky due to its unregulated status and bad reviews about induced fraud.

GICReview Summary
Founded	2020-07-02
Registered Country/Region	Singapore
Regulation	Unregulated
Market Instruments	Foreign currency pairs/Gold/Indices/Commodities
Demo Account	❌
Leverage	Up to 1:400
Spread	Low
Trading Platform	P2P Blockchain-based platform(Mobile and Windows)
Min Deposit	5.000 GICT or Rp75.000.000,00
Customer Support	Email: Support@gicindonesia.com
	Email: Partnership@gicindonesia.com
	Tel: 0817 - 0095 - 888

GIC Information

　　GIC has built the world's first Peer to Peer (P2P) Forex Trading Platform that enables customers to choose as Traders or Market Makers. The tradable instruments with a maximum leverage of 1:400 include foreign currency pairs, gold, indices, and commodities. The broker only provides a P2P Blockchain-based platform. GIC is still risky due to its unregulated status and bad reviews about induced fraud.

Pros and Cons

Pros	Cons
Leverage up to 1:400	Unregulated
Commission free	Bad review about depositing
Swap free	Unspecific fees information

Is GIC Legit?

　　GIC is not regulated, even though it claims to be regulated. However, an unregulated broker is not as safe as a regulated one.

What Can I Trade on GIC?

　　GIC offers access to foreign currency pairs, gold, indices, and commodities.

Tradable Instruments	Supported
Foreign currency pairs	✔
Commodities	✔
Gold	✔
Indices	✔
Stocks	❌
Precious Metals	❌
Shares	❌
ETFs	❌
Bonds	❌
Mutual Funds	❌

GIC Fees

　　The swap and commission are free.

Leverage

　　The maximum leverage is 1:400 meaning that profits and losses are magnified 400 times.

Trading Platform

　　GIC offers a P2P Blockchain-basedtrading platform available in Mobile and Windows versions. MT5 is also used.

Trading Platform	Supported	Available Devices
P2P Blockchain-based platform	✔	Mobile and Windows
MT5	✔	-

Deposit and Withdrawal

　　Deposit a minimum of 5.000 GICT or Rp75.000.000,00.

Customer Support Options

　　GIC provides Monday - Friday (09.00 - 17.00) customer support. Traders can communicate via email and phone.

Contact Options	Details
Phone	0817 - 0095 - 888
Live Chat (Whatsapp)	08170095888
Email	Support@gicindonesia.com
Email	Partnership@gicindonesia.com
Supported Language	Indonesian/English
Website Language	Indonesian/English
Physical Address	89 Tagore LnSingapore 787531Mons Space Building, 3rd Floor131 Kol. Yos Sudarso StMedan, North Sumatera 20138Sahid Sudirman Center, Floor 20A86 Jend. Sudirman StCentral Jakarta 10220