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GMI Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-03-06 14:42

Abstract：GMI (Global Market Index) is a forex and CFD broker that offers trading services to retail and institutional clients. It was established in 2009 and registered in Saint Lucia. The broker is regulated by the Financial Conduct Authority (FCA) in the UK. GMI offers a range of trading instruments, including gold, oil, silver, forex, indices, and stock CFDs via the MT4, MT5 and GMI Edge platforms.

GMI Review Summary
Founded	2009
Registered	Saint Lucia
Regulation	FCA
Market Instruments	Gold, silver, crude oil, forex, index
Demo Account	✅($10,000 in virtual funds)
Islamic Account	❌
Account Type	ECN, Cent, Standard, Standard Bonus
Minimum Deposit	15 USD
Leverage	Up to 1:2000
Spread	From 0.0 pips
Trading Platform	MT4, MT5, GMI EDGE
Social/Copy Trading	✅
Payment Methods	Neteller, Skrill, etc. (vary by the region)
Customer Support	24/5 multilingual - live chat, contact form
Customer Support	Email: cs@gmimarkets.com
Regional Restrictions	The USA, EU

GMI Information

　　GMI (Global Market Index) is a forex and CFD broker that offers trading services to retail and institutional clients. It was established in 2009 and registered in Saint Lucia. The broker is regulated by the Financial Conduct Authority (FCA) in the UK. GMI offers a range of trading instruments, including gold, oil, silver, forex, indices, and stock CFDs via the MT4, MT5 and GMI Edge platforms.

Pros & Cons

Pros	Cons
• Regulated by FCA	• Clients from the USA and EU are not accepted
• Wide range of account types	• Limited educational resources
• Low minimum deposit requirement (15 USD)	• Limited research and analysis tools
• Commission-free trading
• MT4 and MT5 trading platforms
• Copy trading feature supported

Is GMI Legit?

　　GMI is a regulated forex broker, licensed by Financial Conduct Authority (FCA) in the United Kingdom with license no.677530, which provides some level of safety and security for traders. However, it is important to note that regulation does not guarantee the complete safety of funds and trading with any broker carries a level of risk.

Market Instruments

　　GMI offers popular markets across different asset classes, including gold, oil, silver, forex, indices, and stock CFDs. Other assets like cryptocurrencies, bonds, options, and ETFs are not available.

Tradable Assets	Supported
Gold	✔
Oil	✔
Silver	✔
Forex	✔
Indices	✔
Stock CFDs	✔
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Account Types

　　GMI offers four types of accounts, ECN, Cent, Standard, and Standard Bonus, with a minimum deposit requirement of 15 USD.

GMI Account Type Features Comparison
Account Type	ECN	Cent	Standard	Standard Bonus
Suitable for	Professional traders	Beginners	All levels	Promotions
Minimum Deposit	100 USD	15 USD	25 USD	25 USD
Max. Leverage	1:500	1:1000	1:2000
Commission	$4 per lot	❌
Contract Size	100,000	1,000	100,000	100,000
Max. Lot per Trade	50	150	50
Max. Order (MT4 - MT5)	500	200	500
Max. Order (GMI Edge)	1000
Expert Advisor	✅
Swap Free	✅

Leverage

　　GMI offers different maximum leverage ratios for different account types.

Account Type	Maximum Leverage
ECN	1:500
Cent	1:1000
Standard	1:2000
Standard Bonus	1:2000

　　It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads & Commissions

　　The ECN account charges a commission fee of $4 per lot, while the other accounts do not charge commissions. GMI offers very low spreads, starting from 0.0. Below are the specific spreads for different trading instruments.

Instrument	Spread (from)	Trading Time
EURUSD	0.0 pips	Monday-Friday : 00:05-24:00
USDJPY
GBPUSD
EURGBP
EURJPY
XAUUSD		Monday-Friday : 01:00-24:00
XAGUSD	0.1 pips
USOUSD	1.2 pips
UKOUSD	1.4 pips	Monday-Friday : 03:00-24:00
XNGUSD	0.3 pips	Monday-Friday : 01:00-24:00
XAUEUR	0.1 pips
XAGEUR	0.8 pips
U30USD	1.6 pips
SPXUSD	5.1 pips
NASUSD	0.9 pips
D40EUR	0.6 pips
100GBP	0.9 pips
F40EUR	1.0 pips
HSIHKD	3.6 pips
CHN50U	6.0 pips
US Shares	0.01 pips	Monday-Friday: 16:30-22:59:50
HK Shares	0.01 Pips	Morning: 4:30-7:00, Afternoon: 8:00-11:00

Trading Platforms

　　GMI offers its clients three choices of trading platforms, the popular MetaTrader 4, MetaTrader 5, and its proprietary GMI EDGE. Both MT4 and MT5 are equipped with a variety of tools and features for technical analysis, order management, and customization. They also support automated trading with the use of Expert Advisors (EAs). GMI EDGE can be downloaded through Android and Web devices.

Copy Trading

　　GMI offers copy trading features that allow traders to copy the strategies of successful traders. This enables traders to learn from experienced individuals and potentially benefit from their proven track records. GMI's copy trading platform promotes knowledge sharing and community-driven trading in a simple and accessible manner.

FAQs

　　Is GMI regulated?

　　Yes. GMI operates legally, and it is regulated by FCA in the UK.

　　Does GMI offer demo accounts?

　　Yes. GMI offers demo accounts with $10,000 virtual capital.

　　Does GMI offer industry-standard MT4 & MT5?

　　Yes. Both MT4 and MT5 are available.

　　What is the minimum deposit for GMI?

　　15 USD.

　　Is GMI a good broker for beginners?

　　Yes. Overall GMI is a good choice for beginners because it offers a wide variety of trading assets with competitive trading conditions on the leading MT4 and MT5 platforms. Also, it offers demo accounts that allow traders to practice trading without risking any real money.