Introduction to GMIMarkets.co.uk
GMIMarkets.co.uk is a leading online trading platform that offers its clients a wide range of CFD instruments to trade on. The company is authorised and regulated by the Financial Conduct Authority (FCA) in the UK and offers its services to clients from all over the world.
The GMIMarkets.co.uk website is available in English, Spanish, French, German and Italian and it provides its clients with a user-friendly trading platform, tight spreads and fast execution speeds.
The company offers three types of live account: Standard, Executive and Professional. All accounts offer leverage of up to 1:200 and require a minimum deposit of $250.
Clients can trade on a wide range of markets including forex, indices, commodities, metals and energies on the MetaTrader 4 platform. The platform is available as a desktop application, web-based version or mobile app for iOS and Android devices.
GMIMarkets.co.uk also offers swap-free Islamic accounts and segregated client funds are held with tier-1 banks for added security.
Markets and Platforms
GMIMarkets.co.uk is an online trading platform that offers a wide range of financial instruments to its clients. The company is regulated by the Financial Conduct Authority (FCA) and offers a variety of platforms for its clients to trade on, including the MetaTrader 4 (MT4) platform. The company also offers a wide range of educational resources to its clients, including a blog, economic calendar, and market analysis.
In terms of regulation, GMIMarkets.co.uk is authorised and regulated by the Financial Conduct Authority (FCA), with registration number 579202. The company is also registered with the Information Commissioner’s Office (ICO), with registration number ZA227007.
In terms of platforms, GMIMarkets.co.uk offers the MetaTrader 4 (MT4) platform for its clients to trade on. The MT4 platform is a widely used trading platform that offers a variety of features and tools for its users.
In terms of instruments, GMIMarkets.co.uk offers a wide range of financial instruments for its clients to trade on, including forex pairs, CFDs on indices, commodities, and cryptocurrencies. The company also offerstight spreads on all of its tradable instruments.
In terms of ratings, GMIMarkets.co.uk has been rated highly by both users and experts in the online trading industry. On Trustpilot, the company has an
Instruments
There are numerous instruments available to trade with GMIMarkets.co.uk. These include forex pairs, CFDs, indices, metals, energies and cryptocurrencies. All of these can be traded on the MetaTrader 4 platform as well as on the web-based platform and mobile apps.
Spreads start at 0.4 pips for forex pairs and there is no commission charged on any trades. Leverage of up to 1:500 is available for forex pairs, while CFDs have a maximum leverage of 1:200.
All accounts except for demo accounts are swap-free (Islamic) accounts. This means that no interest is charged or earned on positions that are held overnight.
The minimum deposit required to open an account with GMIMarkets.co.uk is $100 or equivalent in another currency.
Ratings
GMIMarkets.co.uk is a forex and CFD broker operated by GMO Trading UK Limited, a company based in London. The broker offers the MetaTrader 4 and 5 platforms for trading forex and CFDs on commodities, indices, stocks, and cryptocurrencies.
GMIMarkets.co.uk is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. The FCA is a reputable financial regulator that imposes strict requirements on brokers in order to protect investors.
The broker has received generally positive ratings from various review sites. For example, ForexBrokers.com gives GMIMarkets a 4 out of 5 stars rating, praising the broker for its low spreads and fast execution speeds. However, the site also notes that the broker does not offer any promotions or bonuses.
Regulation
GMIMarkets.co.uk is a trading name of Goldenberg & Matveev Markets Ltd, which is authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom.
The FCA is a financial regulatory body in the UK that supervises and regulates over 58,000 financial services firms and financial markets.
GMIMarkets.co.uk offers its clients a choice of two trading platforms: MetaTrader 4 (MT4) and Webtrader. Both platforms are available for desktop, web and mobile devices.
MetaTrader 4 is one of the most popular trading platforms in the world and offers a wide range of features and tools for both novice and experienced traders. Webtrader is an easy-to-use platform designed for those who prefer a simplified trading experience.
GMIMarkets.co.uk offers its clients a variety of different account types to choose from, including: Standard Account, ECN Account, Swap-Free Account, VIP Account, Demo Account
Instrument wise, GMIMarkets covers Forex pairs, Gold & Silver, Indices, Energies ,Cryptocurrencies as well as Commodities such as Coffee & Sugar . For Cryptocurrencies , they offer Bitcoin , Ethereum , Litecoin among others .
Fees charged by GMIMarkets.co.uk
GMIMarkets.co.uk offers several different types of accounts, each with their own associated fees.
The most basic account is the Mini account, which has a minimum deposit of £250 and charges a commission of £3 per lot traded.
The next step up is the Standard account, which requires a minimum deposit of £2,500 and charges a commission of £2 per lot traded.
Finally, the VIP account requires a minimum deposit of £25,000 and gives you access to direct market access with no commissions charged on trades.
In addition to the commissions noted above, all accounts are also subject to a 0.5% overnight funding fee for positions held overnight.
Pros and Cons
GMIMarkets.co.uk is a leading online broker that offers trading in a wide range of financial instruments, including forex, CFDs, and spread betting. The company is regulated by the Financial Conduct Authority (FCA), which gives traders peace of mind when it comes to the safety of their funds.
The broker offers two platforms for trading: the MetaTrader 4 (MT4) platform and the GMI Edge web-based platform. Both platforms are user-friendly and offer a wide range of features and tools for traders.
Instrument-wise, GMIMarkets.co.uk offers a good selection of forex pairs, indices, commodities, and cryptocurrencies. spreads are competitive, starting at just 0.7 pips on the EUR/USD pair. Leverage is up to 1:500 for professional clients and 1:30 for retail clients.
When it comes to ratings, GMIMarkets.co.uk has a strong reputation in the industry with an overall score of 4 out of 5 on popular review sites such as TrustPilot and Forex Peace Army.
So what are the pros and cons of GMIMarkets? Let’s take a closer look:
Pros:
– Regulated by the Financial Conduct Authority
– Offers two trading platforms (MT4 & GMI Edge)
– Good selection of financial instruments
– Competitive spreads
– Strong
Conclusion
GMIMarkets.co.uk is a reliable and trustworthy online broker that offers a great selection of regulated platforms, instruments and ratings. The company has been in business for over 10 years and is authorized and regulated by the Financial Conduct Authority (FCA). GMIMarkets.co.uk is also a member of the London Stock Exchange (LSE) and offers competitive rates on all major currencies.