Arjun  Mandal

Reviewer:

Arjun Mandal
Sinan  Aydın

Fact checker:

Sinan Aydın
Modified:

GMI Markets Broker Review 2025

GMI Markets Broker Review 2025
Company:GMI Markets
Founded:2009
Min Deposit:$15
Max Leverage:2000
Headquarter:

Mauritius

US Accepted:
Social trading Demo account MAM accounts Islamic 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
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
score of blog
2.4 From 5.0
(5)
Rate this post
850

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:

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:

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:

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:

  1. Register an account
  2. Deposit funds
  3. 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

MarketMarket, 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.

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