GMI Markets is a forex CFD broker established in Mauritius in 2018. Its headquarters are in Ebene, with divisions in Saint Lucia, Saint Vincent, and the Grenadines. The company primarily offers investors contract for difference (CFD) trading services in forex, indices, energy, and precious metals.
Company Background
GMI Markets is a brokerage firm providing trading services, with the registered entity being Global Market Index Limited, headquartered in Ebene. The company was established on August 28, 2018. According to Whois information, the domain name for GMI Markets was registered on June 17, 2010. GMI Markets has subsidiaries registered in Saint Lucia, Saint Vincent, and the Grenadines: Global Market Index Limited, Global Market Index LLC.
Regulation Information
GMI Markets is a broker regulated by the UK Financial Conduct Authority (FCA) and the Financial Services Commission of Mauritius (FSC). According to the official websites of the FCA and FSC, GMI Markets is indeed regulated under the number: 677530.
Trading Products
GMI Markets offers a variety of financial instruments for trading, such as:
Forex: Opportunities to trade various currency pairs in the forex market. Forex CFDs allow investors to trade based on the price movements of one currency against another. Examples of available currency pairs include EUR/USD, GBP/USD, and USD/JPY, among others.
Indices: Index CFDs allow investors to trade based on the performance of market indices without the need to buy or sell the actual stocks or assets that comprise the indices.
Energy: Energy CFDs are contracts based on the price movements of energy commodities, allowing investors to take long (bullish) or short (bearish) trades. Investors can participate in the energy market without holding the actual commodities.
Precious Metals: CFD trading in precious metals like gold and silver offers investors the opportunity to trade based on price changes. Precious metal CFDs allow for trading without the need for physical ownership, enabling investors to potentially profit from price fluctuations.
These products not only provide investors with opportunities to enter different financial markets but also allow them to manage risk through diversified investment portfolios.
Trading Platforms
GMI Markets offers investors the popular MT4 trading platform and its proprietary GMI EDGE platform, with MT4 providing various trading tools, interface customization, and access to real-time market data. Investors can analyze market trends using a variety of technical indicators and chart functionalities. These platforms are compatible with multiple devices such as the web and mobile devices, ensuring ease of use for investors.
Its official website's GMI EDGE platform provides investors with convenient deposit and withdrawal methods, and it is compatible with multiple devices like web and mobile devices, allowing for ease of use.
Account Registration
Information on the GMI Markets official website indicates that the broker offers links for real account and demo account registration. To register a real account, click "CREATE ACCOUNT" at the top right corner of the website to enter the account registration page, choose the account type, and fill in information such as trading name, phone number, email, and password to complete the registration.
To register a demo account, click on "DEMO Account" on the homepage to enter the demo account registration page, and complete the registration by choosing or filling in information such as trading name, phone number, email, and password.
Account Types
GMI Markets offers three types of accounts for investors, namely:
- ECN Account (minimum deposit of $100)
- CENT Account (minimum deposit of $15)
- Standard Account (minimum deposit of $25)
Investors can choose different account types according to their trading needs.
Spreads and Leverage
GMI Markets offers a minimum spread of 0.0 pip, maximum leverage of 1:2000, minimum trade size of 0.01 lots, and the ECN accounts are charged a commission of $4. However, the broker has not published specific information about spreads, trading hours, or products for specific accounts.
Deposits and Withdrawals
GMI Markets offers various deposit and withdrawal methods, such as NETELLER and Skrill, with specific methods varying by country. Deposits are free of charge, while withdrawals incur a 4% fee. The minimum deposit and withdrawal is $10.
Customer Support
This brokerage offers multilingual support in English and Chinese and provides services through multiple channels, including phone support, email support, and online chat. Traders can contact the customer support team at +86 400 606 3399 for direct and immediate assistance. Investors can also send their questions or requests to cs@gmimarkets.com. Moreover, the online chat feature on the GMI Markets website facilitates quick communication with the broker, although the broker has not specified customer service hours, which may impact the user experience by not providing immediate answers to customer inquiries.
Summary
The registration information provided on the GMI Markets official website is accurate and regulated by the Financial Services Commission of Mauritius (FSC). However, the broker's high leverage ratio, unspecified spreads, and trading hours are factors that require careful consideration. Users should cautiously evaluate the services offered by this company, mindful of their financial security, investment goals, and risk tolerance.
Currently, GMI Markets is marked as "Active" on TraderKnows.
