GMI foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://user.gmicoltd.com/register/fast, about the company's legal and temporary regulatory information, the company's address .
GMI Forex Broker
Basic information
Registered region 
China
ChinaOperating period
--
Company Name
Global Market Index Limited
Abbreviation
GMI
Company employee
--
Customer Service Email Address
support@gmicoltd.com
Company website
Keywords
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Note: GMI's official website: https://www.gmicolspan.com/ is currently inaccessible normally.
GMI Information
Founded in 2023, GMI is an unregulated broker registered in China , offering trading on forex, precious metals, cryptocurrencies, stock indexes and crude oil with leverage up to 1:2000 and spread from 2.4 pips on the MT4 trading platform. Demo accounts are available and the minimum deposit requirement to open a live account is $15.
Pros and Cons
| Pros | Cons |
| Various trading products | Inaccessible website |
| Demo accounts | No regulation |
| Multiple account types | Wide spreads |
| Flexible leverage ratios | Withdrawal and inactivity fee charged |
| Commission-free accounts offered | Only email support |
| MT4 platform | |
| Low minimum deposit requirement | |
| Popular payment options |
Is GMI Legit?
No. GMI currently has no valid regulations. Please be aware of the risk!
What Can I Trade on GMI?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Precious metals | ✔ |
| Cryptocurrencies | ✔ |
| Stock indexes | ✔ |
| Crude oil | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Here are four account types GMI offers:
| Account Type | Min Deposit |
| ECN | $100 |
| CENT | $15 |
| Standard | $25 |
| Standard Bonus | $25 |
Leverage
| Account Type | Max Leverage |
| ECN | 1:500 |
| CENT | 1:1000 |
| Standard | 1:2000 |
| Standard Bonus | 1:2000 |
| ECN | CENT | Standard | Standard Bonus |
| 1:500 ($100-$20,000) | 1:1000 ($250-$1,000) | 1:2000 ($25-$10,000) | 1:2000 ($25-$1,000) |
| 1:400 ($20,001-$40,000) | 1:500 ($1,001-$2,000) | 1:1000 ($10,001-$30,000) | 1:1000 ($1,001-$5,000) |
| 1:300 ($40,001-$70,000) | 1:100 ($2,001 and above) | 1:500 ($30,001-$50,000) | 1:500 ($5,001-$20,000) |
| 1:200 ($70,001-$100,000) | 1:400 ($50,001-$75,000) | 1:400 ($20,001-$40,000) | |
| 1:100 ($100,001 and above) | 1:300 ($75,001-$100,000) | 1:300 ($40,001-$70,000) | |
| 1:200 ($100,001-$200,000) | 1:200 ($70,001-$100,000) | ||
| 1:100 ($200,001 and above) | 1:100 ($100,001 and above) |
Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.
GMI Fees
Trading Fees
The spread is from 2.4 pips.
| Account Type | Commission |
| ECN | $4 per lot |
| CENT | ❌ |
| Standard | ❌ |
| Standard Bonus | ❌ |
Non-Trading Fees
| Withdrawal Fee | 4% |
| Monthly Dormant Account Fee | $10 |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Web, Android, iOS | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
The broker accepts payments via local bank transfer, Skrill and Neteller e-wallets.The minimum withdrawal amount is 10 USD.
| Withdrawal Options | MinWithdrawal | Withdrawal Fee | Withdrawal Time |
| Local banks transfer | 50 MYR | ❌ | Between 8 am to 6 pm daily |
| Neteller | 10 USD | 4% | Instant |
| Skrill | 10 USD | 4% | Instant |
GMI broker review
GMI safe or scam
Rating Index
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Latest Reviews
GMI Forex Broker has an overall rating of 1.32, Regulatory Index 0.00, License Index 0.00, Business
Index 5.52, Software Index 4.00 Risk Control Index 0.00.
Rodriguez 06
Pakistan
The platform has the basics, but it's a bit plain. Let me customize it more!
Neutral
2024-08-07