GMI Forex Broker

Note: GMI's official website: https://www.gmicoltd.com/ is currently inaccessible normally.GMIReview SummaryFounded2023Registered Country/RegionChinaRegulationNo regulationMarket InstrumentsForex, precious metals, cryptocurrencies, stock indexes, crude oilDemo Account✅LeverageUp to 1:2000EUR/USD SpreadFrom 2.4 pipsTrading PlatformMT4Min Deposit$15Customer SupportEmail: support@gmicoltd.comGMI 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 ConsPros Cons Various trading productsInaccessible websiteDemo accountsNo regulationMultiple account typesWide spreadsFlexible leverage ratiosWithdrawal and inactivity fee chargedCommission-free accounts offeredOnly email supportMT4 platformLow minimum deposit requirementPopular payment optionsIs 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 TypeMin DepositECN$100CENT$15Standard $25Standard Bonus$25LeverageAccount TypeMax LeverageECN1:500CENT1:1000Standard 1:2000Standard Bonus1:2000ECNCENTStandard Standard Bonus1:500 ($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 TypeCommission ECN$4 per lotCENT❌Standard ❌Standard Bonus❌ Non-Trading Fees Withdrawal Fee 4%Monthly Dormant Account Fee$10Trading PlatformTrading PlatformSupported Available Devices Suitable for MT4✔Web, Android, iOSBeginnersMT5❌/Experienced tradersDeposit and Withdrawal The broker accepts payments via local bank transfer, Skrill and Neteller e-wallets.The minimum withdrawal amount is 10 USD.Withdrawal OptionsMinWithdrawal Withdrawal FeeWithdrawal Time Local banks transfer50 MYR❌Between 8 am to 6 pm dailyNeteller 10 USD4%InstantSkrill 10 USD4%Instant