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GMT Markets Forex Broker provides real users with * positive reviews, 1 neutral reviews and 6 exposure review!

GMT Markets Broker Review

1.57

WikiFX monitor

Business

Field Survey Good

License

ASIC Suspicious Clone

GMT Markets Review 7

Latest All(7) Neutral(1) Exposure(6)
Exposure
Hu lured Weimiao students, investment in foreign exchange hosting brushes

Broker IB, leaving the staff Hu Wanliang, in order to earn a substantial commission, luring Weimiao students to invest in foreign exchange hosting, its core curriculum is to publicize the foreign exchange earnings high, low risk. He knew that the students do not understand at all, told students to make money do not need to learn on their own, so that we give the account to him and his team management. He asked us for the account password, not even an agreement contract. Hundreds of millions of funds by his escrow operation. A few months later, the students account huge losses, the principal is almost gone, and even only 10% left. The students were horrified, looking for other professional friends to help, found that it has malicious swiping, no strict risk control 。。。。

Laura3354
2023-10-10
Neutral

The trading conditions of this company look very attractive, but I saw that wikifx said that its regulatory license may be cloned... I decided not to trade here in order not to be the next victim.

荣贵五金机电
2022-12-07
Exposure
Induce to deposit! Unable to withdraw at the end.

GMT? fast withdrawal? Don't question the platform ? Say a bunch of useless words.What the hell you doing with not withdrawing for me?

小黄1886
2021-12-01
Exposure
Why is my account frozen

I just followed GMT analyst's adcixe but my account got frozen..Why[3f] I want my money back.Help me

FX2163686582
2020-11-13
Exposure
High service fee

I bought one lot and it cost me $25 of the service fee. I didn't profit that much.

舟游世界
2020-09-18
Exposure
Unable to withdraw

Do you have to pay tax fee before withdrawal? Why can’t it be deducted from the account? Is it a fraud platform?

芳92711
2020-09-04
Exposure

GMT Markets is unregulated and is a fraud company! UK's Financial Supervisory Authority (FCA) issued a warning to GMT Markets, an unregulated financial services provider. The provider’s target group is British clients, while it also carries out frauds in other countries, including China. The website is available in both Chinese and English! FCA reminds investors to be wary ofGMT Markets carrying out frauds in other places. This announcement mainly makes investors realize that GMT Markets is a fraud platform. Please investors should not be deceived. Company Name: GMT Markets Limited Address 1: Universal House, 88-94 Wentworth Street, London, E1 7SA Address 2: Hackwood Street, 14 Hackwood Street, Robertsbridge, East Sussex, TN32 5ER Phone: 0203 769 1597 Website: www.gmtmarkets.com Email: support@gmtmarkets.com Company Building Number: 09269674 Please be sure to be careful of this company and avoid being deceived.

FX1329825630
2018-12-05

  

GMT Markets 2025 Review: Everything You Need to Know

  In the ever-evolving landscape of forex trading, GMT Markets has emerged as a player worth scrutinizing. This broker, established in Australia, presents itself as a regulated entity under ASIC, yet it has garnered a mixed reputation among users and analysts alike. Key features include a minimum deposit requirement of $500 and leverage of up to 200:1, but concerns about withdrawal issues and regulatory legitimacy loom large.

  Note: Its crucial to recognize that GMT Markets operates in various jurisdictions with different regulatory frameworks, which may impact user experience and trust. The following analysis aims to provide a fair and accurate overview based on the latest insights.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 5
Tools and Resources 6
Customer Service and Support 4
Trading Setup (Experience) 5
Trustworthiness 3
User Experience 4

  We evaluate brokers based on user feedback, expert reviews, and industry standards to ensure a comprehensive assessment.

  

Broker Overview

  Founded in 2018, GMT Markets is operated by GMTK Global Pty Ltd and claims regulation by the Australian Securities and Investments Commission (ASIC). The broker offers the widely-used MetaTrader 4 (MT4) platform, catering to various trading styles. Available asset classes include forex pairs, commodities, precious metals, and cryptocurrencies. However, the legitimacy of its regulatory claims has been questioned, leading to a clouded reputation.

  

Detailed Analysis

  

Regulatory Status

  GMT Markets claims to be regulated by ASIC, which is generally considered a reputable authority. However, there are significant concerns regarding the validity of this regulation, with some sources suggesting that it may be a clone license. As highlighted by WikiFX, the broker operates under a potentially questionable license, raising red flags for potential investors.

  

Deposit and Withdrawal Options

  The broker requires a minimum deposit of $500, which is relatively high compared to industry standards. While various payment methods are accepted, including credit/debit cards and bank transfers, there is a notable absence of popular e-wallet options like Neteller and Skrill. Many user reviews highlight difficulties with withdrawals, with some clients reporting delays and complications in accessing their funds, which significantly impacts the trustworthiness of GMT Markets.

  

Trading Costs

  GMT Markets offers fixed spreads starting at 1.5 pips, which aligns with industry averages. However, some traders have expressed dissatisfaction with slippage and high service fees, which can erode profitability. The leverage of up to 200:1 is attractive but comes with increased risk, particularly for inexperienced traders.

  

Available Asset Classes

  The broker provides access to a diverse range of trading instruments, including 32 forex pairs, precious metals like gold and silver, and various commodities. Despite offering cryptocurrency trading, the lack of specific details regarding available cryptocurrencies may deter crypto-focused traders.

  

Customer Service

  Customer support is accessible through various channels, including phone and email. However, user feedback indicates that response times can be slow, and some clients have reported frustration in resolving issues. This aspect significantly impacts the overall user experience and trust in GMT Markets.

  

User Experience

  Overall user feedback on GMT Markets is mixed. While some traders appreciate the trading platform and the variety of instruments available, others have raised serious concerns about the broker's reliability and withdrawal processes. Many reviews point to issues like account freezes and difficulties in retrieving funds, which are critical factors for potential clients to consider.

  

Conclusion

  In conclusion, GMT Markets presents a complex picture for potential traders. While it offers a range of trading instruments and competitive leverage, significant concerns about its regulatory status, withdrawal issues, and customer service persist. Prospective clients are advised to exercise caution and conduct thorough research before engaging with this broker. The mixed reviews and ongoing complaints highlight the need for traders to consider safer, more regulated alternatives in the forex market.

  For those seeking a reliable trading experience, it may be prudent to look for brokers with established regulatory frameworks and positive user feedback. The ongoing scrutiny surrounding GMT Markets underscores the importance of due diligence in the forex trading landscape.