GCI OFFERS THE MOST COMPETITIVE SPREADS IN THE INDUSTRY.
All products are commission-free.
Stock Market Indices
ActTrader
Spreads
Spread $ Value
ActTrader
MT4
Spreads*
Spread $ Value
MT4*
S&P 500
50 ticks
2.50
50 ticks
25.00
Nasdaq 100
75 ticks
3.75
75 ticks
15.00
Dow Jones Ind.
4 ticks
4.00
4 ticks
20.00
Russell 2000
50 ticks
5.00
50 ticks
50.00
QQQ (Nasdaq 100 Trust)
4 ticks
4.00
4 ticks
8.00
DAX 30
4 ticks
20.00
4 ticks
150.00
DJ Euro Stoxx 50
3 ticks
6.00
3 ticks
47.25
CAC 40
3 ticks
15.00
3 ticks
48.00
FTSE 100
3 ticks
3.00
3 ticks
60.00
IBEX 35
10 ticks
10.00
10 ticks
16.00
Swiss Market Index (SMI)
5 ticks
5.00
5 ticks
70.00
Nikkei 225
5 ticks
5.00
5 ticks
5.00
SPI 200 (S&P ASX 200)
3 ticks
6.00
3 ticks
72.00
Bovespa Index
75 ticks
37.50
75 ticks
45.00
MSCI Taiwan
10 ticks
5.00
10 ticks
10.00
Hang Seng (HSI)
5 ticks
5.00
5 ticks
31.25
NSE Nifty Index
10 ticks
2.50
10 ticks
10.00
North American Shares
ActTrader
Spreads
Spread $ Value
ActTrader
MT4
Spreads*
Spread $ Value
MT4*
3 M Company
9 cents
9.00
9 cents
90.00
Activision Blizzard Inc
3 cents
3.00
3 cents
30.00
Adobe Systems
5 cents
5.00
5 cents
50.00
Advanced Micro Devices
3 cents
3.00
3 cents
30.00
Aetna Inc
6 cents
6.00
6 cents
60.00
Agilent Technologies Inc
3 cents
3.00
3 cents
30.00
AIG
8 cents
8.00
8 cents
80.00
Alcoa Inc
4 cents
4.00
10 cents
40.00
Altera Corporation
3 cents
3.00
3 cents
30.00
Altria Group
4 cents
4.00
4 cents
40.00
Amazon.com Inc
9 cents
9.00
9 cents
90.00
American Express Co
5 cents
5.00
5 cents
50.00
Amgen Int'l
5 cents
5.00
5 cents
50.00
Analog Devices
4 cents
4.00
4 cents
40.00
Apple Computer Inc
35 cents
35.00
35 cents
350.00
Applied Materials
3 cents
3.00
3 cents
30.00
AT&T Corp
3 cents
3.00
3 cents
30.00
Baidu
30 cents
30.00
30 cents
300.00
Bank of America
10 cents
10.00
10 cents
100.00
Boeing Co
5 cents
5.00
5 cents
50.00
Bristol Myers Squibb
4 cents
4.00
4 cents
40.00
Broadcom Corp
4 cents
4.00
4 cents
40.00
Caterpillar
9 cents
9.00
9 cents
90.00
Charles Schwab Corp
4 cents
4.00
4 cents
40.00
Chevron Corp
10 cents
10.00
10 cents
100.00
Cisco Systems
3 cents
3.00
3 cents
30.00
Citigroup Inc
4 cents
4.00
4 cents
40.00
CME Group Inc
30 cents
30.00
30 cents
300.00
Coca Cola Company
4 cents
4.00
4 cents
40.00
Comcast Corp
6 cents
6.00
6 cents
60.00
ConocoPhillips
4 cents
4.00
4 cents
40.00
Costco Wholesale
5 cents
5.00
5 cents
50.00
Dell Computer
4 cents
4.00
4 cents
40.00
DirecTV Group Inc
3 cents
3.00
3 cents
30.00
Disney
3 cents
3.00
3 cents
30.00
Dupont Co
5 cents
5.00
5 cents
50.00
E*Trade Financial Corp
2 cents
2.00
2 cents
20.00
eBay Inc
8 cents
8.00
8 cents
80.00
EMC Corp
3 cents
3.00
3 cents
30.00
ExxonMobil
11 cents
11.00
11 cents
110.00
First Solar Inc
15 cents
15.00
15 cents
150.00
Ford Motor Co
2 cents
2.00
2 cents
20.00
General Electric
2 cents
2.00
2 cents
20.00
Goldman Sachs
25 cents
25.00
25 cents
250.00
Google
90 cents
90.00
90 cents
900.00
Halliburton
6 cents
6.00
6 cents
60.00
Hewlett-Packard
3 cents
3.00
3 cents
30.00
Home Depot
4 cents
4.00
4 cents
40.00
Honeywell Int.
4 cents
4.00
4 cents
40.00
IBM
14 cents
14.00
14 cents
140.00
Intel Corp
6 cents
6.00
6 cents
60.00
International Paper Co
5 cents
5.00
5 cents
50.00
Intuitive Surgical Inc
60 cents
60.00
60 cents
600.00
JDS Uniphase
3 cents
3.00
3 cents
30.00
Johnson & Johnson
4 cents
4.00
4 cents
40.00
JPMorgan Chase
3 cents
3.00
3 cents
30.00
Kraft Foods Inc
3 cents
3.00
3 cents
30.00
Las Vegas Sands Corp
2 cents
2.00
2 cents
20.00
Level 3 Communication
2 cents
2.00
2 cents
20.00
Lockheed Martin
12 cents
12.00
12 cents
120.00
Lowe's Companies Inc
3 cents
3.00
3 cents
30.00
McDonalds
3 cents
3.00
3 cents
30.00
Merck & Co
4 cents
4.00
4 cents
40.00
MGIC Investment Corp.
3 cents
3.00
3 cents
30.00
Micron Technology
2 cents
2.00
2 cents
20.00
Microsoft Corp.
4 cents
4.00
4 cents
40.00
Morgan Stanley
5 cents
5.00
5 cents
50.00
Motorola Mobility Holdings Inc
3 cents
3.00
3 cents
30.00
National Semiconductor
3 cents
3.00
3 cents
30.00
Newmont Mining
5 cents
5.00
5 cents
50.00
Nokia Corp
3 cents
3.00
3 cents
30.00
Nvidia Corp
3 cents
3.00
3 cents
30.00
ON Semiconductor Corp
2 cents
2.00
2 cents
20.00
Oracle Corp
3 cents
3.00
3 cents
30.00
PepsiCo Inc
3 cents
3.00
3 cents
30.00
Pfizer
4 cents
4.00
4 cents
40.00
Procter & Gamble
8 cents
8.00
8 cents
80.00
Qualcomm
4 cents
4.00
4 cents
40.00
Research in Motion
14 cents
14.00
14 cents
140.00
Sears Holdings Corp
14 cents
14.00
14 cents
140.00
Sprint Nextel Corp
3 cents
3.00
3 cents
30.00
Staples
3 cents
3.00
3 cents
30.00
Starbucks
3 cents
3.00
3 cents
30.00
Symantec Corp
5 cents
5.00
5 cents
50.00
Sysco Corp
4 cents
4.00
4 cents
40.00
Target Corp
5 cents
5.00
5 cents
50.00
Teva Pharmaceutical Ltd
12 cents
12.00
12 cents
120.00
Texas Instruments
3 cents
3.00
3 cents
30.00
Time Warner Inc
3 cents
3.00
3 cents
30.00
United Technologies Corp
5 cents
5.00
5 cents
50.00
United Therapeutics Corp
15 cents
15.00
15 cents
150.00
US Steel Corp
18 cents
18.00
18 cents
180.00
Valero Energy
4 cents
4.00
4 cents
40.00
Verizon Communications
5 cents
5.00
5 cents
50.00
Visa Inc
9 cents
9.00
9 cents
90.00
Walmart Stores
6 cents
6.00
6 cents
60.00
Wells Fargo
3 cents
3.00
3 cents
30.00
Yahoo Inc
7 cents
7.00
7 cents
70.00
European Shares
ActTrader
Spreads
Spread $ Value
ActTrader
MT4
Spreads*
Spread $ Value
MT4*
3i Group Plc
25 cents
25.00
25 cents
250.00
Adidas AG
5 cents
5.00
5 cents
50.00
Alcatel-Lucent
3 cents
3.00
3 cents
30.00
Allianz SE
16 cents
16.00
16 cents
160.00
Anheuser-Busch InBev
4 cents
4.00
4 cents
40.00
ArcelorMittal
4 cents
4.00
4 cents
40.00
Astrazeneca Plc
200 cents
200.00
200 cents
2,000.00
AXA SA
3 cents
3.00
3 cents
30.00
BAE Systems Plc
25 cents
25.00
25 cents
250.00
Barclays Plc
75 cents
75.00
75 cents
750.00
BASF SE
4 cents
4.00
4 cents
40.00
Bayer AG
6 cents
6.00
6 cents
60.00
Beiersdorf AG
5 cents
5.00
5 cents
50.00
BMW AG
4 cents
4.00
4 cents
40.00
BNP Paribas
5 cents
5.00
5 cents
50.00
Bouygues
5 cents
5.00
5 cents
50.00
BP Plc
95 cents
95.00
95 cents
950.00
BT Group Plc
35 cents
35.00
35 cents
350.00
Cable & Wireless Plc
20 cents
20.00
20 cents
200.00
Carrefour
4 cents
4.00
4 cents
40.00
Commerzbank AG
3 cents
3.00
3 cents
30.00
Continental AG
15 cents
15.00
15 cents
150.00
Credit Agricole
3 cents
3.00
3 cents
30.00
Daimler AG
4 cents
4.00
4 cents
40.00
Deutsche Bank
6 cents
6.00
6 cents
60.00
Deutsche Boerse
4 cents
4.00
4 cents
40.00
Deutsche Lufthansa
4 cents
4.00
4 cents
40.00
Deutsche Post
3 cents
3.00
3 cents
30.00
Deutsche Postbank AG
5 cents
5.00
5 cents
50.00
Deutsche Telekom
3 cents
3.00
3 cents
30.00
Dixon's Retail Plc
15 cents
15.00
15 cents
150.00
E.ON AG
16 cents
16.00
16 cents
160.00
EADS
4 cents
4.00
4 cents
40.00
Ericsson
6 cents
6.00
6 cents
60.00
France Telecom
3 cents
3.00
3 cents
30.00
Fresenius Medical Care KGaA
5 cents
5.00
5 cents
50.00
GDF Suez
5 cents
5.00
5 cents
50.00
GEA Group AG
3 cents
3.00
3 cents
30.00
GlaxoSmithKline Plc
150 cents
150.00
150 cents
1,500.00
Groupe Danone
5 cents
5.00
5 cents
50.00
HeidelbergCement AG
5 cents
5.00
5 cents
50.00
Henkel AG & Co KGaA
4 cents
4.00
4 cents
40.00
HSBC Holdings Plc
150 cents
150.00
150 cents
1,500.00
Infineon Tech AG
3 cents
3.00
3 cents
30.00
ING Groep
3 cents
3.00
3 cents
30.00
Invensys Plc
38 cents
38.00
38 cents
380.00
J Sainsbury Plc
45 cents
45.00
45 cents
450.00
K+S AG
4 cents
4.00
4 cents
40.00
Lanxess AG
4 cents
4.00
4 cents
40.00
Linde AG
10 cents
10.00
10 cents
100.00
Lloyds Banking Group Plc
75 cents
75.00
75 cents
750.00
MAN SE
4 cents
4.00
4 cents
40.00
Marks & Spencer Plc
55 cents
55.00
55 cents
550.00
Merck KGaA
6 cents
6.00
6 cents
60.00
Metro AG
3 cents
3.00
3 cents
30.00
Muenchener Rueck AG
18 cents
18.00
18 cents
180.00
Prudential Plc
85 cents
85.00
85 cents
850.00
Puma AG
20 cents
20.00
20 cents
200.00
Renault
4 cents
4.00
4 cents
40.00
Rolls Royce Group Plc
50 cents
50.00
50 cents
500.00
Royal Bank of Scotland Group
25 cents
25.00
25 cents
250.00
Royal Dutch Shell
4 cents
4.00
4 cents
40.00
RSA Insurance Group Plc
35 cents
35.00
35 cents
350.00
RWE AG
4 cents
4.00
4 cents
40.00
SABMiller Plc
125 cents
125.00
125 cents
1,250.00
Sanofi-Aventis
5 cents
5.00
5 cents
50.00
SAP AG
8 cents
8.00
8 cents
80.00
SGL Carbon AG
4 cents
4.00
4 cents
40.00
Siemens AG
5 cents
5.00
5 cents
50.00
Stada Arzneimittel AG
3 cents
3.00
3 cents
30.00
Tesco Plc
55 cents
55.00
55 cents
550.00
ThyssenKrupp AG
3 cents
3.00
3 cents
30.00
TUI AG
3 cents
3.00
3 cents
30.00
Unilever Plc
175 cents
175.00
300 cents
1,750.00
Vivendi
3 cents
3.00
3 cents
30.00
Vodafone Group Plc
45 cents
45.00
45 cents
450.00
Volkswagen Group
90 cents
90.00
90 cents
900.00
Xstrata Plc
75 cents
75.00
75 cents
750.00
Asia-Pacific Shares
ActTrader
Spreads
Spread $ Value
ActTrader
MT4
Spreads*
Spread $ Value
MT4*
AMP Limited
3 cents
3.00
3 cents
30.00
ANZ Bank
4 cents
4.00
4 cents
40.00
Brambles Industries Ltd
3 cents
3.00
3 cents
30.00
National Australia Bank Ltd
4 cents
4.00
4 cents
40.00
Origin Energy Ltd
3 cents
3.00
3 cents
30.00
Qantas Airway Limited
3 cents
3.00
3 cents
30.00
QBE Insurance Group Ltd
4 cents
4.00
4 cents
40.00
Telstra Corporation Ltd
3 cents
3.00
3 cents
30.00
Westfield Group
4 cents
4.00
4 cents
40.00
Westpac Banking Corp
4 cents
4.00
4 cents
40.00
Woolworth's Limited
4 cents
4.00
4 cents
40.00
Canon Inc
5 yens
5.00
5 yens
50.00
Honda Motor Co
5 yens
5.00
5 yens
50.00
Panasonic Corp
3 yens
3.00
3 yens
30.00
Mitsubishi UFJ Financial Group
3 yens
3.00
3 yens
30.00
Mizuho Financial Group
3 yens
3.00
3 yens
30.00
Nintendo Company Ltd
50 yens
50.00
50 yens
500.00
Nippon Steel Corp
4 yens
4.00
4 yens
40.00
Nippon Telegraph and Telephone Corp
5 yens
5.00
5 yens
50.00
Nissan Motor Corp
3 yens
3.00
3 yens
30.00
Sony Corp
5 yens
5.00
5 yens
50.00
Sumitomo Mitsui Financial Corp
5 yens
5.00
5 yens
50.00
Toyota Motor Corp
5 yens
5.00
5 yens
50.00
Bharti Airtel
1.25 rupees
1.25
1.25 rupees
12.50
Infosys Technologies Limited
2.50 rupees
2.50
2.50 rupees
25.00
Reliance Communications
1.00 rupees
1.00
1.00 rupees
10.00
Reliance Industries Limited
5.00 rupees
5.00
5.00 rupees
50.00
Reliance Infrastructure
1.50 rupees
1.50
1.50 rupees
15.00
State Bank of India
2.00 rupees
2.00
2.00 rupees
20.00
Tata Motors Limited
0.50 rupees
0.50
0.50 rupees
5.00
Tata Power Company Limited
1.50 rupees
1.50
1.50 rupees
15.00
Tata Steel
0.75 rupees
0.75
0.75 rupees
7.50
Wipro Technologies
0.75 rupees
0.75
0.75 rupees
7.50
Foreign Exchange
ActTrader
Spreads
Spread $ Value
ActTrader
MT4
Spreads*
Spread $ Value
MT4*
EUR/USD
1 pip
1.00
1 pips
10.00
USD/JPY
2 pip
2.00
2 pips
20.40
USD/CHF
2 pips
2.00
2 pips
21.50
GBP/USD
3 pips
3.00
3 pips
30.00
USD/CAD
3 pips
3.00
3 pips
38.40
AUD/USD
3 pips
3.00
3 pips
30.00
EUR/JPY
3 pips
3.00
3 pips
38.40
EUR/GBP
3 pips
3.00
3 pips
46.50
EUR/CHF
3 pips
3.00
3 pips
42.00
GBP/CHF
4 pips
4.00
4 pips
84.00
GBP/JPY
7 pips
7.00
7 pips
89.60
EUR/CAD
7 pips
7.00
7 pips
67.20
NZD/USD
5 pips
5.00
4 pips
40.00
USD/SEK
40 pips
4.00
75 pips
127.50
EUR/SEK
40 pips
5.60
75 pips
127.50
USD/NOK
40 pips
6.80
75 pips
127.50
EUR/NOK
40 pips
6.80
75 pips
127.50
USD/ZAR
80 pips
9.40
70 pips
140.00
USD/MXN
30 pips
2.50
35 pips
70.00
CHF/JPY
4 pips
4.00
4 pips
51.20
NZD/JPY
n.a.
n.a
5 pips
64.00
AUD/JPY
n.a.
n.a
3 pips
38.40
CAD/JPY
n.a.
n.a
4 pips
51.20
EUR/AUD
n.a.
n.a
9 pips
90.00
AUD/NZD
n.a.
n.a
20 pips
150.00
AUD/CAD
n.a.
n.a
6 pips
57.60
GBP/CAD
n.a.
n.a
8 pips
76.80
GBP/NZD
n.a.
n.a
25 pips
187.50
GBP/AUD
n.a.
n.a
11 pips
110.00
AUD/CHF
n.a.
n.a
4 pips
42.40
CAD/CHF
n.a.
n.a
4 pips
42.40
NZD/CHF
n.a.
n.a
8 pips
84.80
Forex Futures
ActTrader
Spreads
Spread $ Value
ActTrader
MT4
Spreads*
Spread $ Value
MT4*
EUR
3 pips
3.00
10 pips
100.00
JPY
3 pips
3.00
10 pips
100.00
CHF
4 pips
4.00
10 pips
100.00
GBP
4 pips
4.00
10 pips
100.00
AUD
4 pips
4.00
10 pips
100.00
CAD
4 pips
4.00
10 pips
100.00
NZD
4 pips
4.00
10 pips
100.00
Commodities
ActTrader
Spreads
Spread $ Value
ActTrader
MT4
Spreads*
Spread $ Value
MT4*
U.S. 30 Year T-Bond (Futures)
50/1,000ths
2.50
50/1,000ths
100.00
U.S. 10 Year T-Note (Futures)
50/1,000ths
2.50
50/1,000ths
100.00
German Bund
6 ticks
6.00
6 ticks
94.50
Crude Oil (Light Sweet)
4 cents
4.00
4 cents
40.00
Natural Gas
3 cents
15.00
3 cents
300.00
Gold (Spot)
45 cents
4.50
45 cents
45.00
Silver (Spot)
5 cents
50.00
4 cents
200.00
Platinum (Spot)
5 dollars
25.00
5 dollars
250.00
Palladium (Spot)
5 dollars
50.00
5 dollars
500.00
Copper Futures
2 cents
200.00
2 cents
2,000.00
*The spreads shown above are typical spreads available under normal market conditions. Please note that spreads depend on current market conditions and they may vary causing the spreads to be narrower or wider.
MARGIN REQUIREMENTS AND POLICIES
GCI's margin requirements are the most advantageous in the industry:
ActTrader Account
5% on individual shares, $25 per lot on Forex instruments. Click here for exact margin requirements on each product.
MetaTrader Account
$250 per lot on Forex, $25 per 0.1 lots. Equivalent to approximately 0.25% margin or 400:1 leverage. 5% on individual shares. About 1% for indices and commodities. Click here for exact margin requirements on each product.
GCI is able to maintain these low margin requirements by enabling automatic liquidation of positions once a margin call is reached. This policy also provides for the protection of client account balances in the event of rapid price movements.
A margin call is reached if a client's account equity falls below the required margin. For example, in an ICTS Forex account, if a client has 10 lots of open positions a margin call will occur if account equity drops below $500. At this point, some or all of the client's open positions will be closed immediately at current prices.
Traders are also able to monitor both usable margin and used margin in real-time from the "Account Information" window of the online trading platform. Positions will be automatically closed once usable margin drops below zero.
Walk through an example...
GCI encourages clients to avoid margin calls by either using stop loss orders or maintaining adequate funds in the account relative to position size.
More on CFD Margins
Share CFDs are traded in lots that are equivalent in size to 100 shares each. For example, a trader can purchase 1 lot of a CFD on IBM at $90, for a total position value of $9,000. The required margin for this trade is $450. Indices, Forex and Commodities are traded in "lots". Please see specifications for further information on contract sizes.