Can I trade using Expert Advisors (EAs) at GMI Markets?

Yes, GMI supports automated trading using Expert Advisors (EAs) on both MT4 and MT5 platforms. EAs allow algorithmic trading based on pre-defined rules and are popular among systematic traders.

Are there any inactivity or maintenance fees at GMI Markets?

GMI Markets does not charge inactivity fees, making it more flexible than brokers who penalize dormant accounts. This is beneficial for traders who operate intermittently.

What countries are restricted from using GMI Markets?

GMI Markets does not accept clients from Iran, Iraq, North Korea, USA, Canada, Cuba, Syria, and Palestine. These restrictions are likely due to its regulatory limitations under FSC Mauritius.

Does GMI Markets offer customer support?

Customer support is available via email and live chat, operating 24/5. While these are standard channels, user reviews indicate mixed experiences with support responsiveness and resolution quality.

What are the deposit and withdrawal methods supported by GMI Markets?

GMI Markets supports various methods: bank transfers, Skrill, Neteller, Fasapay, UnionPay, Dragonpay, and USDT. Processing is generally instant, but some methods like Dragonpay or UnionPay require higher minimums ($50–$200).

Is there a welcome bonus at GMI Markets?

Yes, GMI Markets offers a 30% welcome bonus on the initial deposit. This bonus applies to Forex, gold, energies, and indices, and helps traders boost their starting capital. Terms and conditions apply.

Can I use copy trading at GMI Markets?

Yes, GMI Markets provides social copy trading, allowing clients to replicate trades of experienced traders. This feature is integrated into GMI Edge and benefits those with limited time or technical knowledge.

What are the spreads and commissions at GMI Markets?

GMI Markets offers floating spreads starting from 0.0 pips on the ECN account and 0.2–1.5 pips on other accounts. The ECN account has a $4 per lot commission, while other accounts are commission-free. This structure suits both scalpers and swing traders.

What instruments can I trade with GMI Markets?

GMI Markets offers 70+ instruments, including major Forex pairs (e.g., EUR/USD), commodities like gold and oil, and global indices like Nasdaq and FTSE 100. However, compared to brokers like IC Markets or FxPro, the range is relatively limited.

How can I register and verify my account on GMI Markets?

Registration involves filling a form with personal info (name, email, phone) and uploading ID documents like a passport or national ID. The process is digital and usually takes a few minutes. Verification is mandatory for trading and withdrawals.

Does GMI Markets offer Islamic (swap-free) accounts?

Yes, all account types at GMI Markets come with Islamic (swap-free) options enabled by default, making them compliant with Sharia law for traders who wish to avoid interest-based overnight fees.

Is GMI Markets suitable for beginners?

Yes, GMI Markets offers a Cent account with low entry requirements and a demo account for practicing strategies without risking capital. However, its lack of educational resources is a drawback compared to brokers like IG or Exness, which provide comprehensive learning tools.

What is the maximum leverage offered by GMI Markets?

GMI Markets offers leverage up to 1:2000 for Standard and Bonus accounts, 1:500 for ECN, and 1:100 for Cent. While high leverage increases potential gains, it also raises the risk of significant losses, so it's best used with proper risk management.

What trading platforms are available at GMI Markets?

GMI Markets supports MetaTrader 4 (MT4), MetaTrader 5 (MT5), and its proprietary mobile app, GMI Edge. MT4 and MT5 are ideal for professional traders using advanced tools, while GMI Edge caters to users who prefer on-the-go trading with built-in social trading and fund management features.

Does GMI Markets charge any fees on deposits or withdrawals?

GMI Markets generally offers free deposits and withdrawals, especially through e-wallets like Skrill, Neteller, and Fasapay. However, bank transfers incur a 3.95% fee, and currency conversion fees may apply depending on your base currency and method used.

What is the minimum deposit required to start trading with GMI Markets?

The minimum deposit depends on the account type: $15 for Cent, $25 for Standard and Standard Bonus, and $100 for ECN. This flexibility allows both beginners and advanced traders to start based on their capital availability.

Is GMI Markets a regulated broker?

Yes, GMI Markets is regulated by the Financial Services Commission (FSC) of Mauritius. However, it's important to note that FSC is not a top-tier regulator like ASIC, FCA, or CySEC. Traders should consider this when assessing the broker's credibility and investor protection standards.

What types of accounts does GMI Markets offer?

GMI Markets provides four account types to cater to various trading needs: Standard, Standard Bonus, ECN, and Cent. Each account has different conditions.

TradingFinder
Forex Brokers
GMI Markets Broker Review 2025

Writer:

Davit Kvaratskhelia

Reviewer:

Arjun Mandal

Fact checker:

Sinan Aydın

Modified:May 25, 2025

GMI Markets Broker Review 2025

Company:GMI Markets

Founded:2009

Min Deposit:$15

Max Leverage:2000

Headquarter:

Mauritius

US Accepted:

Islamic account MAM accounts Social trading Demo account

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

About

GMI Markets Limited (GMI Markets broker) is authorized and regulated by FSC financial authority and has offices in St. Vincent and the Grenadines, St. Lucia, and Mauritius. This broker has won multiple awards (7 awards) from Forexing, BrokersView, AllForex, and World Business Outlook magazine.

Contact

cs.global@gmimarkets.com

The Cyberati Lounge, Ground Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius

Rank and Score

Pros and Cons

Account Types

Platforms

Pros

Up to 1:2000 leverage

Multiple account types

Social trading and MAM accounts

30% welcome bonus

Cons

No top-tier regulation

Limited assets and instruments compared to other brokers

Negative user reviews

2.4 From 5.0

(5)

Rate this post

940

GMI Markets is a Forex and CFD broker with over 1 million traders in 30 countries. This broker is registered and regulated in with Mauritius Financial Services Commission (FSC).

This broker provides 3 trading platforms, including MetaTrader 4, MetaTrader 5, and GMI Edge, for trades to buy and sell over 70 instruments in 3 different markets.

GMI Markets broker review — A complete review of GMI Markets services to Forex traders

Company Information & Regulation GMI Markets

GMI Markets, formerly known as GMI, has been a player in the forex market and CFD brokerage space for over 14 years. The company has multiple branches registered in different parts of the world.

GMI Markets is regulated by the Financial Services Commission (FSC) in these regions, which provides a level of oversight and ensures compliance with relevant financial regulations. However, it's worth noting that these jurisdictions are not considered top-tier regulatory environments.

GMI Markets Broker Specifications

Let's check what GMI Markets has to offer and if its offerings are at the level of top Forex brokers:

Broker	GMI Markets
Account Types	Standard, Standard bonus, Cent, ECN
Regulating Authorities	FSC
Based Currencies	USD
Minimum Deposit	$15
Deposit Methods	Bank transfer, Skrill, Neteller, Fasapay, UnionPay, Dragonpay, USDT
Withdrawal Methods	Bank transfer, Skrill, Neteller, Fasapay, UnionPay, Dragonpay, USDT
Minimum Order	0.01 Lot
Maximum Leverage	1:2000
Investment Options	EAs, MAM, Social trading
Trading Platforms & Apps	MT4, MT5, GMI Edge
Markets	Forex, indices, commodities
Spread	Floating from 0.0 pips
Commission	From $4
Orders Execution	Market
Margin Call/Stop Out	60%/30%
Trading Features	Demo account
Affiliate Program	Yes
Bonus & Promotions	30% Welcome bonus
Islamic Account	Yes
PAMM Account	No
Customer Support Ways	Email, live chat
Customer Support Hours	24/5
Restricted Countries	Iran, Syria, North Korea, USA, Canada and more

Markets Broker Account Types Overview

Let’s give you an overview of the account types and their features in our GMI Markets review:

Account types	Standard	Standard Bonus	ECN	Cent
Minimum deposit	25$	25$	100$	$15
Base Currency	USD	USD	USD	USD
Maximum Leverage	1:2000	1:2000	1:500	1:100
Commission	$4 per lot	No commission	No commission	No commission
Instruments	Forex, commodities, indices	Forex, commodities, indices	Forex, commodities, indices	Forex, commodities, indices

It’s worth mentioning that all account types have a swap-free option enabled by default for Muslim traders who shouldn’t pay interest based on Sharia law.

GMI Markets account comparison table — GMI Markets offers 4 main account to cater traders with different needs

GMI Markets has a demo account for beginner trader who want to learn Forex trading without risking capital.

GMI Markets Pros and Cons

Let's weigh the pros and cons of trading with GMI Markets:

Advantages	Disadvantages
Up to 1:2000 leverage	No top-tier regulation
Multiple account types	Limited assets and instruments compared to other brokers
Social trading and MAM accounts	Negative user reviews
30% welcome bonus	-

GMI Markets Account Opening and Verification Guide

GMI Markets registration is relatively straightforward and takes just a few minutes.

#1 Begin on the Official Website

Navigate to the official GMI Markets website and initiate your registration by selecting the "Create Account" option. This directs you to the secure account creation form.

GMI Markets create account button — Click on the designated button to sign up with GMI Markets

#2 Fill in Personal Details and Set a Password

Provide essential information, including:

Country of residence
Full name
Date of birth
Email address
Phone number

Afterwards, choose a password with at least 8 characters. After agreeing to the terms, click "Continue" to activate your account.

GMI Markets registration form — Make sure you enter your personal information based on your ID documents

#3 Verification

For GMI Markets verification, choose the document you want to upload to verify your account (Driving license, passport, or national ID). Then, upload a good-quality picture of your document.

Trading Platforms and Applications in GMI Markets

GMI Markets offers a range of trading platforms to cater to different trader preferences:

GMI Edge

GMI Edge is the proprietary mobile trading platform used by the GMI Markets broker. Key features of this platform include:

Seamless access to trading accounts
Supports trading in Forex, gold, silver, indices,
Easy deposit, withdrawal, and fund management
Social trading capabilities

GMI Edge application features — Traders can use GMI app on various devices, including iOS, Android, and web brower

Links:

Android
iOS

MetaTrader 4 (MT4)

GMI offers the Industry-standard trading platform, MetaTrade 4. Key points about this platform:

Advanced charting
Supports expert advisors and custom indicators
A variety of time frames and technical analysis tools

Links:

Android
iOS
Windows
Mac

MetaTrader 5 (MT5)

GMI market allows trader to open MT5 trading account and use this modern trading platform to buy and sell various instruments. key features of MT5 trading platform:

Next-generation trading platform
Enhanced analytical capabilities
Supports a wider range of asset classes

Links:

Android
iOS
Windows
Mac

GMI Markets Broker Spreads and Commissions

GMI Markets has low Forex and CFD trading spreads. Here’s the average spread on different instruments:

Forex: From 0.2 pips
Commodities: 0.5 pips
Indices: 1.5 pips

All GMI Markets accounts are commission free except the ECN account which has $4 per lot commission.

Other fees in GMI broker:

No inactivity fee
No deposit or withdrawal fee (except for bank transfers)
Average currency conversion fees

GMI Markets Deposit & Withdrawal Methods

GMI Markets supports various deposit and withdrawal methods, including:

Payment Methods	Minimum deposit	Processing time
Bank Transfer	$15	Instant
Netteler	$10	Instant
Skrill	$10	Instant
Fasapay	$10	Instant
Dragonpay	$50	Instant
USDT	$200	Instant
UnionPay	$200	Instant

Traders should remember that not all payment methods are available worldwide, and there are restrictions. It's crucial for traders to thoroughly research and understand the deposit and withdrawal processes before committing funds to a GMI Markets account.

GMI Markets payment methods — Most funding methods are free in GMI Markets, but traders will be charged 3.95% on bank transfers

GMI Markets Copy Trading & Investment Options Overview

GMI Markets offers social copy trading, allowing investors to automatically replicate the trades of successful traders. This feature is particularly beneficial for:

Beginner traders looking to leverage experienced traders' strategies
Traders seeking to diversify their portfolios
Those who want to save time on market analysis and trade execution

The broker also provides a Multi-Account Manager (MAM) solution for money managers, enabling them to trade multiple client accounts simultaneously and automate performance fee billing. Traders can also use MT4 and MT5 Expert Advisors (EAs) to perform passive income strategies on these trading platforms

GMI Markets Broker Available Markets & Symbols

GMI Markets offers a range of trading instruments, including:

5 Forex instrument, including EUR/USD, USD/JPY, etc.
7 Commodities Including gold, silver, UK oil
8 Indices Popular global stock indices, including FTSE 100 and Nasdaq

The broker claims to offer over 70 instruments but there is no information about other tradable instruments in this broker.

GMI Markets Bonuses and Promotions

GMI Markets offers a 30% welcome bonus for new traders on forex, gold, energies, and indices. To claim the bonus, new traders need to:

Register an account
Deposit funds
Get the bonus

GMI Markets 30% welcome bonus — GMI Markets welcome bonus gives traders 30% boost to their initial deposited capital

Besides the 30% welcome bonus traders can become GMI Markets’ introducing broker and receive commissions based on their referees.

GMI Markets Support channels

GMI Markets offers 2 support channels for traders to reach out for help:

Email: cs.global@gmimarkets.com
Live chat: available on the website

The broker claims to offer 24/5 customer support, but the effectiveness and responsiveness of their support team are unclear based on the available information.

GMI Markets Broker Restricted Countries

GMI Markets doesn’t provide information about the restricted countries on its platform. However, based on its current regulatory status, GMI doesn’t provide services to traders from countries listed below:

Iran
Iraq
North Korea
USA
Canada
Cuba
Syria
Palestine

GMI Markets restricted countries — Since GMI Markets only has FSC regulation it can’t provide services to traders in countries mentioned above

GMI Markets Broker Trust Score

While GMI Markets has been operating since 2009, the company hasn’t received positive feedback from traders community. GMI Markets has 2.7 out of 5 stars on the Trustpilot website only from 22 reviews. Potential traders should exercise caution and conduct thorough research before opening an account with GMI Markets.

GMI Markets Broker Education

Unlike some of its competitors, GMI Markets does not offer extensive educational resources on its website. This lack of comprehensive learning materials is a significant drawback, especially for novice traders looking to develop their skills and knowledge.

The absence of these resources at GMI Markets may push some traders, particularly beginners, to seek out brokers such as IG or AvaTrade that has more comprehensive educational offerings.

You can also use TradingFinder's Forex education section to expand your knowledge of the market and its trading conditions.

How Does GMI Markets Fare Compared to Top Brokers?

Here, we will compare this brokerage to some of the main competitors based on important parameters:

Parameter	GMI Markets Broker	IC Markets Broker	FxPro Broker	ٍExness Broker
Regulation	FSC	FSA, CySEC, ASIC	FCA, FSCA, CySEC, SCB	Standard, Standard Cent, pro, Raw Spread, Zero
Minimum Spread	0 Pips	0.0 Pips	0.0 Pips	0.0 Pips
Commission	From $4	Average $1.5	From Zero	From $0.2
Minimum Deposit	$15	$200	$100	$10
Maximum Leverage	1:2000	1:500	1:500	Unlimited
Trading Platforms	MT4, MT5, GMI Edge	Metatrader 4, Metatrader 5, cTrader, cTrader Web, IC Markets Mobile	MT4, MT5, cTrader, Web Trader, Mobile App	Exness Trade (mobile), Exness Terminal (web), MT4, MT5
Account Types	Standard, Standard bonus, Cent, ECN	Standard, Raw Spread, Islamic	Standard, Pro, Raw+, Elite	Standard, Standard Cent, pro, Raw Spread, Zero
Islamic Account	Yes	Yes	Yes	Yes
Number of Tradable Assets	70+	2,250+	270+	230+
Trade Execution	Market	Market	Market, Instant	Market, Instant

TF Expert Suggestion

GMI Markets' low spreads from 0.0 pips, 1:1000 leverage, and $15 minimum deposit are the main benefits of trading with this broker.

On the other hand, the lack of top-tier regulation by authorities such as ASIC, CFTC, and CySEC, combined with the low Trustpilot score (2.7/5), might raise concerns about this broker.

FAQs

What types of accounts does GMI Markets offer?: GMI Markets provides four account types to cater to various trading needs: Standard, Standard Bonus, ECN, and Cent. Each account has different conditions.
Is GMI Markets a regulated broker?: Yes, GMI Markets is regulated by the Financial Services Commission (FSC) of Mauritius. However, it's important to note that FSC is not a top-tier regulator like ASIC, FCA, or CySEC. Traders should consider this when assessing the broker's credibility and investor protection standards.
What is the minimum deposit required to start trading with GMI Markets?: The minimum deposit depends on the account type: $15 for Cent, $25 for Standard and Standard Bonus, and $100 for ECN. This flexibility allows both beginners and advanced traders to start based on their capital availability.
Does GMI Markets charge any fees on deposits or withdrawals?: GMI Markets generally offers free deposits and withdrawals, especially through e-wallets like Skrill, Neteller, and Fasapay. However, bank transfers incur a 3.95% fee, and currency conversion fees may apply depending on your base currency and method used.
What trading platforms are available at GMI Markets?: GMI Markets supports MetaTrader 4 (MT4), MetaTrader 5 (MT5), and its proprietary mobile app, GMI Edge. MT4 and MT5 are ideal for professional traders using advanced tools, while GMI Edge caters to users who prefer on-the-go trading with built-in social trading and fund management features.
What is the maximum leverage offered by GMI Markets?: GMI Markets offers leverage up to 1:2000 for Standard and Bonus accounts, 1:500 for ECN, and 1:100 for Cent. While high leverage increases potential gains, it also raises the risk of significant losses, so it's best used with proper risk management.
Is GMI Markets suitable for beginners?: Yes, GMI Markets offers a Cent account with low entry requirements and a demo account for practicing strategies without risking capital. However, its lack of educational resources is a drawback compared to brokers like IG or Exness, which provide comprehensive learning tools.
Does GMI Markets offer Islamic (swap-free) accounts?: Yes, all account types at GMI Markets come with Islamic (swap-free) options enabled by default, making them compliant with Sharia law for traders who wish to avoid interest-based overnight fees.
How can I register and verify my account on GMI Markets?: Registration involves filling a form with personal info (name, email, phone) and uploading ID documents like a passport or national ID. The process is digital and usually takes a few minutes. Verification is mandatory for trading and withdrawals.
What instruments can I trade with GMI Markets?: GMI Markets offers 70+ instruments, including major Forex pairs (e.g., EUR/USD), commodities like gold and oil, and global indices like Nasdaq and FTSE 100. However, compared to brokers like IC Markets or FxPro, the range is relatively limited.
What are the spreads and commissions at GMI Markets?: GMI Markets offers floating spreads starting from 0.0 pips on the ECN account and 0.2–1.5 pips on other accounts. The ECN account has a $4 per lot commission, while other accounts are commission-free. This structure suits both scalpers and swing traders.
Can I use copy trading at GMI Markets?: Yes, GMI Markets provides social copy trading, allowing clients to replicate trades of experienced traders. This feature is integrated into GMI Edge and benefits those with limited time or technical knowledge.
Is there a welcome bonus at GMI Markets?: Yes, GMI Markets offers a 30% welcome bonus on the initial deposit. This bonus applies to Forex, gold, energies, and indices, and helps traders boost their starting capital. Terms and conditions apply.
What are the deposit and withdrawal methods supported by GMI Markets?: GMI Markets supports various methods: bank transfers, Skrill, Neteller, Fasapay, UnionPay, Dragonpay, and USDT. Processing is generally instant, but some methods like Dragonpay or UnionPay require higher minimums ($50–$200).
Does GMI Markets offer customer support?: Customer support is available via email and live chat, operating 24/5. While these are standard channels, user reviews indicate mixed experiences with support responsiveness and resolution quality.
What countries are restricted from using GMI Markets?: GMI Markets does not accept clients from Iran, Iraq, North Korea, USA, Canada, Cuba, Syria, and Palestine. These restrictions are likely due to its regulatory limitations under FSC Mauritius.
Are there any inactivity or maintenance fees at GMI Markets?: GMI Markets does not charge inactivity fees, making it more flexible than brokers who penalize dormant accounts. This is beneficial for traders who operate intermittently.
Can I trade using Expert Advisors (EAs) at GMI Markets?: Yes, GMI supports automated trading using Expert Advisors (EAs) on both MT4 and MT5 platforms. EAs allow algorithmic trading based on pre-defined rules and are popular among systematic traders.