Forex GIC Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.5

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.7

Business 1.0

Risk Control 1.3

Software 2.0

Regulatory 1.5

Terminal Snapshot

GIC Trading Conditions

Registered Region Singapore

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@gicindonesia.com

Contact Number +6208170095888

Website www.gicindonesia.com

Balanced Review

Pros & Cons

Pros

Established forex broker with 5 to 10 years of experience
Diverse range of trading instruments including forex, commodities, indices, stocks, and cryptocurrencies
Trading platforms: MetaTrader 4 and MetaTrader 5 with advanced features
Variety of account types catering to different trader needs
Accessible customer support through email, live chat, and telephone

Cons

Not regulated by any recognized financial authority
No fund protection measures for client deposits
Limited range of trading instruments compared to major brokers
Potential lack of educational resources for traders
Withdrawal fees may apply based on payment methods

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	GIC	D prime	Phillip Nova	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	Singapore	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.5/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does GIC Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Retail Account	Beginners and general traders	Low spreads, user-friendly platform	Suitable for small-capital practice
Professional Account	Experienced traders	High leverage, advanced tools	Requires trading volume qualifications
Demo Account	New traders	Practice trading without risk	Time-limited access for practice
Islamic Account	Traders requiring Sharia-compliant options	Swap-free trading	Documentation may be required

Account Opening Process

To open an account with GIC, prospective clients need to submit personal, employment, and financial information. This includes providing identity verification through documents such as an ID and proof of address. The account opening process is designed to be straightforward, allowing for the possibility of upgrading to a professional account as traders’ needs evolve over time.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	Varies	$0	Competitive spreads for major pairs
Forex (Minor Pairs)	Varies	$0	Broader range of currency pairs
CFDs (Stocks)	Varies	$0	Flexible trading with stocks
CFDs (Indices)	Varies	$0	Includes major indices
CFDs (Commodities)	Varies	$0	Includes commodities like gold and oil
Cryptocurrencies	Varies	$0	Includes major cryptocurrencies

Other Fees

Clients should be aware of several potential fees associated with their accounts, including deposit and withdrawal fees, inactivity fees, platform usage fees (if applicable), overnight interest (swap rates), and currency conversion fees. Transparency regarding these costs is essential for effective financial planning while trading with GIC.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

GIC User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Alice Thompson

Singapore

★ ★ ★ ★ ★

I’ve been trading with GIC for over a year now, and I am very satisfied with their services. The MetaTrader platforms they offer are user-friendly and provide all the tools I need for my trading strategies. The customer support has been responsive whenever I had questions. Overall, a great experience for me as a novice trader!

John Lim

Singapore

★ ★ ★ ★ ★

GIC has a solid trading platform that works well on both desktop and mobile. I appreciate the variety of trading instruments available, especially the forex pairs. My only concern is the lack of regulatory oversight, but I’ve not had any issues so far. Good overall experience!

Emily Chan

Singapore

★ ★ ★ ★ ★

I faced significant delays when trying to withdraw my funds. Customer support was not very helpful in resolving my issues, which was frustrating. I expected better service from a broker that claims to prioritize client experience.

Michael Tan

Singapore

★ ★ ★ ★ ★

My experience with GIC has been disappointing. I had issues with my withdrawal requests and the customer support team was unresponsive. Additionally, the lack of regulation makes me uneasy about the safety of my funds. I do not recommend this broker.

Singapore Market