Global Broker Regulation & Inquiry App

Score

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/10

GMI

United Kingdom|5-10 years| Benchmark AAA|
Straight Through Processing(STP)|MT4 Full License|

https://gmimarkets.com/?utm_source=fxeye&utm_medium=display&utm_campaign=cn_cn_direct_consumer_prospecting_all&utm_content=englishurl&utm_term=flagshipstore_englishurl

Website

Rating Index

Benchmark

Benchmark

AAA

Average transaction speed (ms)

424.8

MT4/5

Full License

GMI-Demo01

Singapore
MT4
206

Influence

A

Influence index NO.1

Malaysia 8.02

Benchmark

Speed:AA

Slippage:A

Cost:AA

Disconnected:B

Rollover:AAA

MT4/5 Identification

MT4/5 Identification

Full License

206
Server Name
GMI-Demo01 MT4
Server Location Singapore

Influence

Influence

A

Influence index NO.1

Malaysia 8.02

Surpassed 53.64% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+64 9.889.3343
cs.global@gmimarkets.com
https://gmimarkets.com/?utm_source=fxeye&utm_medium=display&utm_campaign=cn_cn_direct_consumer_prospecting_all&utm_content=englishurl&utm_term=flagshipstore_englishurl
Govant Building, BP 1276 Port Vila, Vanuatu
  • 100% Mediation in the complaints

    Response of EMC during7working days

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+64 9.889.3343

Broker Information

More

Company Name

Global Market Index Limited

Company Abbreviation

GMI

Platform registered country and region

United Kingdom

Company website

Company Summary

Pyramid scheme complaint

Expose

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Feature Detail
Registered Country/Region United Kingdom
Found 2009
Regulation Regulated by FCA
Market Instrument gold, oil, silver, forex, indices
Account Type Cent, Standard, Standard Bonus, and ECN
Demo Account Yes ($10,000 virtual capital)
Maximum Leverage 1:2000
Spread (EUR/USD) 0.56 pips
Commission Cent & Standard & Standard Bonus: no, ECN: 4 per lot
Trading Platform MT4
Minimum Deposit $15
Deposit & Withdrawal Method bank or electronic transfers

GMI, a trading name of Global Market Index Limited, was established in 2009 and has been operating in 8 different countries worldwide for over a decade. GMI has accumulated over a decade of experience in serving traders worldwide.

It claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:2000 and floating spreads on the mt4 trading platform via four different live account types, as well as 24/5 multi-lingual customer support service. Here is the home page of this brokers official site:

home page

As for regulation, it has been verified that GMI is regulated by Financial Conduct Authority - FCA, while the Vanuatu Financial Services Commission - VFSC license is offshore. That is why its regulatory status on WikiFX is listed as “Regulated” and receives a relatively high score of 7.37/10. Please be aware of the risk.

General Information & Regulation

Note: The screenshot date is January 17, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

Financial Conduct Authority - FCA
Vanuatu Financial Services Commission - VFSC license

Market Instruments

GMI provides over 50 popular financial instruments ranging from gold to forex, mainly over 40 major currency pairs, gold, oil, silver, and indices.

Market Instruments

Account Types

Apart from demo accounts with $10,000 virtual capital, four account options are listed on the GMI platform: Cent, Standard, Standard Bonus, and ECN accounts. The minimum initial deposit for opening a Cent account is only $15, which sounds like a good option for new traders to have a try. While the other three account types have much higher minimum initial capital requirements of $25, $25 and $100 respectively.

Account Types

Leverage

The specified leverage for different account types at GMI varies between 1:500 and 1:2000. Clients on the ECN account can experience leverage of 1:500, the Cent account with leverage of 1:1000, while only the Standard and Standard Bonus account holders can enjoy the maximum leverage of 1:2000. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads & Commissions

All spreads with GMI are at a floating type and scaled with the asset type. The minimum spread on the GMI Market is 0.56 pips for EURUSD, 0.62 pips for GBPUSD, 2.8 pips for USDJPY, and 2.8 pips for USDCHF. The spreads start at 0.6 pips for XAUUSD, 2.1 pips for XAUGBP, 2.4 pips for US Oil, 2.1 pips for UK Oil, and 0.71 pips for Natural Gas. The lowest spread on Wall Street is 2.8 pips, 22.3 pips on HIS HDK, 48 pips on Bitcoin USD, and 3 pips on Ether USD.

There is no commission on the Cent, Standard, and Standard Bonus accounts, while the ECN account clients have to pay a commission of $4 per lot.

Trading Platform

GMI offers traders the flexibility to choose from the MT4 trading platform, available for Windows, macOS, Android and Web. MT4 is a popular platform with powerful charting tools and technical analysis tools, as well as a user-friendly interface that is ideal for traders of all levels. With the MT4, you can create your algorithms or follow other traders and automate your trades through customisable EAs (Expert Advisors).

Trading Hours

GMI follows standard office hours and 24-hour trading hours Monday to Friday. With that said, trading sessions may vary by market.

Deposit & Withdrawal

The minimum initial deposit requirement with GMI is only $15. All account types accept bank or electronic transfers, and GMI does not accept third-party withdrawals. Withdrawals under $1000 are processed immediately by GMI; withdrawals between $1000 - $19999 require manual review and are sent to the payment provider for verification within 24 hours. Withdrawals over $20,000 may take up to 4 business days.

Customer Support

GMI offers a range of customer support options, available 24/5 via the online contact form, telephone: +64 9.889.3343, QQ: 4006063399, email: cs.global@gmimarkets.com, cs@gmimarkets.com, or live chat. Company address: Govant Building, BP 1276 Port Vila, Vanuatu.

Pros & Cons

Pros Cons
• Regulated by FCA • VFSC license is offshore
• Rich trading assets to choose from
• Demo accounts available
• MT4 supported
• Small initial investment of $15
• Social trading available

Frequently Asked Questions (FAQs)

Q 1: Is GMI regulated?
A 1: Yes. GMI is regulated by Financial Conduct Authority - FCA.
Q 2: Does GMI offer demo accounts?
A 2: Yes. GMI offers demo accounts with $10,000 virtual capital.
Q 3: Does GMI offer the industry-standard MT4 & MT5?
A 3: Yes. GMI supports MT4.
Q 4: What is the minimum deposit for GMI
A 4: The minimum initial deposit at GMI to open a Cent account is just $15.
Q 5: Is GMI a good broker for beginners?
A 5: Yes. GMI is a good choice for beginners because it offers a wide variety of trading assets with competitive trading conditions on the leading MT4 platform. Also, it offers demo accounts that allow traders to practice trading without risking any real money.

Check whenever you want

Download App for complete information

WikiFX Verification

GMI · WikiFX Survey
GMI · Benchmark
Average transaction speed(ms)
424.8
The highest transaction speed(ms)
172 Good
The highest speed of opening positions(ms)
172 Good
The highest speed of closing position(ms)
172 Good
The lowest speed of opening positions(ms)
1984 Poor
The lowest speed of closing position(ms)
1797
11.41USD/Lot Great
20.2USD/Lot Perfect
Long: -5.72USD/Lot    Short: 1.55USD/Lot Good
Long: -0.02USD/Lot    Short: 0.01USD/Lot Perfect
Average slippage
-0.3 Great
Maximum transaction slippage
28 Poor
Maximum positive slippage
-3 Great
Maximum negative slippage
28 Poor
Average disconnection frequency (times/day)
0.7 Great
Average reconnection time (millisecond/per request)
60.1
Ranking: 7 / 127
Test user 2,467
Orders 212,933
Ocuppied margin $5,141,343 USD
Data Source WikiFX Data provide
Updated: 2024-06-19 01:06:SS

Total Margin Trend

  • VPS Region
  • User
  • Products
  • Closing time
  • Hongkong
  • 218***
  • NZDJPY.
  • 05-17 18:04:34
  • Bangkok
  • 368***
  • XAUUSD.
  • 05-17 22:10:43
  • Taipei
  • 383***
  • AUDJPY.
  • 05-15 06:30:25

Stop Out

0.76%

Stop Out Symbol Distribution

6 months

Sources
Language
Mkt. Analysis
Creatives

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