Forex GIC Trade Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.6

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 1.8

Business 1.1

Risk Control 1.4

Software 2.1

Regulatory 1.6

Terminal Snapshot

GIC Trade Trading Conditions

Registered Region Singapore

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@gictrade.io

Contact Number +628170095888

Website www.gictrade.io

Balanced Review

Pros & Cons

Pros

Diverse trading instruments including Forex, commodities, and cryptocurrencies
Multiple account types tailored to different trading styles
Utilizes MetaTrader 5 for advanced trading features
Variety of educational resources and market analysis available
Customer support via email and phone during weekdays

Cons

Not regulated by recognized financial authorities
Limited trading history of 5-10 years
High minimum deposit requirement for ECN account
Customer support only available on weekdays
Potential risks associated with unregulated trading environment

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	GIC Trade	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	1.6/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does GIC Trade Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
PRO Account	Traders prioritizing low spreads	Low spreads, fee of 1 GICT per lot, free swaps	Minimum deposit of 10 GICT, leverage up to 1:400 on Forex
CASHBACK Account	Frequent traders seeking rebates	Cashback on trades, fee of 1 GICT per lot, free swaps	Minimum deposit of 10 GICT, leverage up to 1:400 on Forex and Gold
ECN Account	Experienced traders needing raw spreads	Tighter spreads, higher fee of 3.5 GICT per lot	Minimum deposit of 1000 GICT, suitable for larger capital
Demo Account	New traders practicing strategies	Access to all trading features without risk	No cost, ideal for skill development

Account Opening Process

To open an account with GIC Trade, follow these steps: 1. Visit the GIC Trade website. 2. Click on “Sign Up” to initiate registration. 3. Provide personal information, including your email and password. 4. Verify your email by clicking the confirmation link sent to you. 5. Complete your profile with additional details. 6. Deposit funds into your account using GICT or other supported cryptocurrencies. The process allows for future upgrades to a professional account if desired.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	0.8	$0 (PRO/CASHBACK: 1 GICT/lot, ECN: 3.5 GICT/lot)	Tight spreads for major pairs
CFDs (Indices, Commodities)	Varies	Varies	Dependent on specific asset
Cryptocurrencies (BTC, ETH)	Varies	Varies	Variable depending on volatility

Other Fees

GIC Trade may have various other fees to consider, including: • Deposit and withdrawal fees may apply based on the payment method. • Inactivity fees could be charged if an account remains dormant for an extended period. • Platform usage fees are typically not applicable. • Overnight interest (swap rates) may vary based on account type and position. • Currency conversion fees might apply when trading in different currencies.

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 Trade User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

John Doe

Jakarta, Indonesia

★ ★ ★ ★ ★

I faced significant issues with GIC Trade when trying to withdraw my funds. The process was delayed, and I found the customer support to be unresponsive during crucial times. I hope they improve their service in the future.

Emily Chen

Singapore

★ ★ ★ ★ ★

Overall, my experience with GIC Trade has been positive. The MetaTrader 5 platform is user-friendly and offers all the necessary tools for efficient trading. I also appreciate the educational resources available, which have helped me improve my trading skills.

Michael Smith

London, UK

★ ★ ★ ★ ★

I regret my decision to trade with GIC Trade. They are unregulated, and that makes me feel very uneasy about the safety of my investments. Additionally, customer support is only available during weekdays, which is quite inconvenient.

Sofia Martinez

Madrid, Spain

★ ★ ★ ★ ★

I’ve been trading on GIC Trade for several months now, and I’m very satisfied. The spreads are low, and the platform is quick and reliable. Their cashback account is an excellent choice for frequent traders like me. Highly recommend!

Singapore Market