(3) Other financial account. The term “other financial account” means—Also, because of the way USForex works, it allows you to convert currency only if a strike price is met (e.g. if the dollar ever drops below this amount, do a conversion), does that technically meet (iii)?
(i) An account with a person that is in the business of accepting deposits as a financial agency;
(ii) An account that is an insurance or annuity policy with a cash value;
(iii) An account with a person that acts as a broker or dealer for futures or options transactions in any commodity on or subject to the rules of a commodity exchange or association; or
GCI Financial Ltd ("GCI") has been a leader in online Forex and CFD trading since 2002. In addition to Forex, GCI offers currency options trading and is a primary market maker in Contracts for Difference ("CFDs") on shares, indices and futures. GCI has over 10,000 clients worldwide, including individual traders, institutions, and money managers. The CGI Foreign Exchange solution was designed by industry specialists to meet these challenges, enabling financial institutions to offer an advanced foreign exchange product to their customers via the Internet. The Foreign Exchange solution is comprised of three powerful components: GCI Financial offers 2 forex trading account types, depending on the trading platform. Both accounts offer commission-free trading, variable spreads, leverage up to 1:400, and 4% annual interest paid on the account balance. Unfortunately, micro lots are not available with this broker. Trading-wise, things are pretty standard. GCI Financial is not the smallest Forex broker but that doesn’t mean that it’s a reliable one. At all the big forex review sites you only hear bad things about GCI Financial and this is something that concerns a lot of traders. Either these sites call GCI Financial a scam or say that you should be very cautious when dealing with them. FOREX.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826). Forex trading involves significant risk of loss and is not suitable for all investors. Full Disclosure. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act.
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