Forex Brokers

GMI

GMI was established in 2009 and operates in 8 different countries around the world

GMI was established in 2009 and operates in 8 different countries around the world, and has accumulated more than ten years of experience serving global traders. GMI currently holds a pass-through license from the Financial Conduct Authority (FCA) in the United Kingdom (license number: 677530), and is also authorized and licensed by the Vanuatu Financial Services Commission (VFSC).

Security Analysis

GMI is currently regulated by FCA in the UK and offshore by VFSC in Vanuatu, and its safety is guaranteed to a certain extent. The leverage provided by GMI is too high, and traders should use high leverage carefully to avoid loss of funds.

In addition, there is no detailed description of deposit and withdrawal fees on GMI. Investors' needs should be considered comprehensively based on the above aspects.

Financial Instruments

The trading products supported by GMI cover more than 50 common financial instruments ranging from gold to foreign exchange, mainly including more than 40 mainstream currency pairs, gold, silver, energy, indices, and cryptocurrencies.

Leverage & Account

GMI offers traders a standard account with a minimum deposit of $100, in addition to a free demo account for traders to practice their trading strategies. The maximum trading leverage is 1:1000 for Forex, Gold, Energy and Indices, and 1:20 for cryptocurrencies.

Spread & Fees

The minimum spread on the GMI platform is 0.56 pips for EURUSD, 0.62 pips for GBPUSD, 2.8 pips for USDJPY and 2.8 pips for USDCHF. Spreads start from 0.6 pips on Gold USD, 2.1 pips on Gold GBP, 2.4 pips on US crude oil, 2.1 pips on UK crude oil and 0.71 pips on natural gas. The Wall Street index starts from 2.8 points, the Hong Kong Hang Seng Index (HIS HDK) starts from 22.3 points, the Bitcoin dollar has a minimum spread of 48 points, and the Ethereum dollar has a minimum spread of 3 points.

Trading Platform

GMI provides traders with MT4 trading platform, as well as MT4 Android version, MT4 iOS version, MT4 PC/Mac version, for users to choose flexibly. The MT4 trading platform is a popular platform with powerful charting tools and technical analysis tools, as well as a user-friendly interface, ideal for traders of all levels.

Deposits

GMI supports a variety of simple, safe and fast deposit and withdrawal methods including bank transfer. All account types accept bank or electronic transfers. GMI does not accept third-party withdrawals. For withdrawals under $1,000, GMI will process it immediately; withdrawals between $1,000 and $19,999 require manual review and are sent to the payment provider for verification within 24 hours. Withdrawals over $20,000 may take 4 business days.

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