What is GMI Markets?
GMI Markets is a financial services company that offers online trading in a variety of asset classes, including forex, CFDs, and precious metals. The company is headquartered in the Republic of Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC). GMI Markets offers its services to clients from all over the world, including the United States.
Is GMI Markets a Legit Brokerage?
GMI markets is a online forex and CFD brokerage that opened it’s doors in 2014. The company is owned by the GMI Group which consists of other financial service companies. The GMI Group is headquartered in London, UK.
GMI markets is considered a legit brokerage as it is regulated by the Financial Conduct Authority (FCA) in the United Kingdom and the Cyprus Securities and Exchange Commission (CySEC). The broker offers trading on forex, CFDs, commodities, indices, shares, and ETFs through the MetaTrader 4 (MT4) trading platform.
The minimum deposit to open an account with GMI Markets is $500. However, if you are a resident of the UK or Cyprus, the minimum deposit is only £100 or €100 respectively. The broker does not accept clients from the USA due to regulatory reasons.
Overall, GMI markets is considered a safe and secure online broker that offers numerous financial instruments for trading.
Does GMI Markets Accept USA Traders?
GMI Markets is a legit online broker that does accept USA traders. This broker is headquartered in Cyprus and is regulated by the CySEC. GMI Markets offers a wide variety of financial instruments for trading, including forex, CFDs, and cryptocurrencies. The trading platforms available include the popular MetaTrader 4 and MetaTrader 5 platforms. GMI Markets also has a mobile trading app available for Android and iOS devices.
What Type of Trading Accounts Does GMI Markets Offer?
GMI Markets offers three types of trading accounts: Standard, Premium, and VIP. Standard account holders can trade in more than 80 currency pairs with leverage up to 1:200 and a minimum deposit of $100. Premium account holders get all the benefits of the Standard account, plus higher leverage of up to 1:400, a personal account manager, and priority withdrawals. The VIP account is invite-only and gives traders all the benefits of the Premium account plus even higher leverage of up to 1:500, same day withdrawals, and a dedicated senior account manager.
What are the Commission and Fees Charged by GMI Markets?
GMI Markets is a forex and CFD broker that offers trading in a wide range of assets, including currency pairs, stocks, indices, commodities, and cryptocurrencies. The company is headquartered in the Seychelles and is regulated by the Financial Services Authority (FSA).
Accounts with GMI Markets can be opened in USD, EUR, GBP, JPY, or CHF. The minimum deposit for a standard account is $500, and the maximum leverage is 1:200. Spreads start at 0.8 pips for major currency pairs.
GMI Markets charges a commission of $10 per lot traded on its ECN account type. There are also fees for withdrawals and deposits. Withdrawals via credit/debit card are charged at 2%, while withdrawals via bank transfer are charged at 0.5%. Deposits are free of charge.
What Kind of Trading Platforms Does GMI Markets Offer?
GMI Markets offers a variety of trading platforms for its clients, including the MetaTrader 4 (MT4) platform, the web-based MetaTrader 4 Supreme Edition platform, the GMI Edge platform, and the mobile trading app. MT4 is a widely used trading platform that is available for desktop, web, and mobile devices. It offers a user-friendly interface, a variety of technical indicators and charting tools, and the ability to place orders directly from the charts. TheMetaTrader 4 Supreme Editionplatform adds additional features to the MT4 platform, such as an economic calendar, advanced order types, and market heat maps. The GMI Edgeplatform is GMI Markets’ proprietary trading platform that is available for desktop and mobile devices. It offers a simple yet powerful interface with real-time quotes, advanced charting tools, and integration with other software applications. The mobile trading app provides all of the features of the GMI Edge platform in a convenient format for use on smartphones and tablets.
How Good is the Customer Service at GMI Markets?
GMI Markets offers customer service 24 hours a day, 7 days a week via live chat, email and telephone. The customer service team is professional and knowledgeable, able to answer any questions you may have about using the GMI Markets platform or trading in general.
One of the great things about GMI Markets is that they offer a demo account so you can try out their platform before committing to real money trading. This is a great way to get comfortable with the platform and test out your trading strategies without risking any capital.
Overall, we were impressed with the quality of customer service at GMI Markets and would recommend them to anyone looking for a reliable and user-friendly online broker.
Conclusion – Is GMI markets
GMI markets is a scam. They do not accept USA traders.