Popular
GMI Markets
3.50 (10 Reviews)
Contact
Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia
Regulatory & Licensing Information:
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- Regulatory Authority: Financial Services Commission (FSC) of Mauritius
- License Number: C118023454
- Status: Active
Verification:
- Broker's Claims: GMI Markets asserts that it is authorized and regulated by the FSC in Mauritius, holding an Investment Dealer License.
- Verified Information: Independent reviews confirm GMI Markets' regulatory status with the Mauritius FSC. However, the FSC is considered a Tier-3 regulator, which may not provide the same level of oversight as top-tier regulatory authorities.
Regulatory Warnings:
- Issuing Body: BrokersVisionary
- Date of Warning: October 2024
- Details: BrokersVisionary notes that GMI Markets is regulated by a Tier-3 authority, advising caution due to the varying degrees of investor protection offered by different regulatory bodies.
Client Feedback
User reviews on platforms like Traders Union have raised concerns about GMI Markets' reliability, with some clients expressing dissatisfaction with the company's services. The broker has been assigned a TU Overall Score of 3.81 out of 10, indicating a higher-than-average risk.
Tags:
forex broker
Account & Cost
| Trading Platforms | MT4,MT5,GMI EDGE |
|---|---|
| Minimum Deposit | $25 |
| Deposit Options | Bank Transfer, Credit/Debit Cards, Skrill, Neteller, Fasapay, Dragonpay, USDT, UnionPay |
| Withdrawal Options | Bank Transfer, Credit/Debit Cards, Skrill, Neteller, Fasapay, Dragonpay, USDT, UnionPay |
| Max Leverage | Up to 1:2000 |
| Minimum Trade Volume | 0.01 |
| Margin Call Level | Not specified |
| Stop Out Level | Not specified |
| Commission | NA |
| Spread Type | Variable, starting from 0.0 pips |
| Account Currencies | USD |
| Trading Instruments | Forex pairs, Commodities, Indices, Cryptocurrencies |
| Special Promotions | N/A |
| Additional Features | 30% Welcome Bonus up to $500 |
| Customer Support | Suitable for Social Trading |
| Islamic | ✔ |
| EA | ✔ |
| Hedging | ✔ |
| Scalping | ✔ |
| NBP | ✔ |
| Trading Platforms | MT4,MT5,GMI EDGE |
|---|---|
| Minimum Deposit | $100 |
| Deposit Options | Bank Transfer, Credit/Debit Cards, Skrill, Neteller, Fasapay, Dragonpay, USDT, UnionPay |
| Withdrawal Options | Bank Transfer, Credit/Debit Cards, Skrill, Neteller, Fasapay, Dragonpay, USDT, UnionPay |
| Max Leverage | Up to 1:500 |
| Minimum Trade Volume | 0.01 |
| Margin Call Level | Not specified |
| Stop Out Level | Not specified |
| Commission | $4 per lot |
| Spread Type | Variable, starting from 0.0 pips |
| Account Currencies | USD |
| Trading Instruments | Forex pairs, Commodities, Indices, Cryptocurrencies |
| Special Promotions | NA |
| Additional Features | Suitable for Social Trading |
| Customer Support | 24/5 via email and live chat |
| Islamic | ✔ |
| EA | ✔ |
| Hedging | ✔ |
| Scalping | ✔ |
| NBP | ✔ |
| Trading Platforms | MT4,MT5,GMI EDGE |
|---|---|
| Minimum Deposit | $15 |
| Deposit Options | Bank Transfer, Credit/Debit Cards, Skrill, Neteller, Fasapay, Dragonpay, USDT, UnionPay |
| Withdrawal Options | Bank Transfer, Credit/Debit Cards, Skrill, Neteller, Fasapay, Dragonpay, USDT, UnionPay |
| Max Leverage | Up to 1:1000 |
| Minimum Trade Volume | 0.01 cent lot |
| Margin Call Level | Not specified |
| Stop Out Level | Not specified |
| Commission | NA |
| Spread Type | Variable, starting from 0.0 pips |
| Account Currencies | USD |
| Trading Instruments | Forex pairs, Commodities, Indices, Cryptocurrencies |
| Special Promotions | NA |
| Additional Features | Suitable for Social Trading |
| Customer Support | 24/5 via email and live chat |
| Islamic | ✔ |
| EA | ✔ |
| Hedging | ✔ |
| Scalping | ✔ |
| NBP | ✔ |
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