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Global Markets Group -

Score

2.47 /10
Danger

Global Markets Group

United Kingdom

5-10 years

Suspicious Regulatory License

MT5 Full License

Global Business

High potential risk

https://www.gmgmarkets.co.uk

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Comparison

Quantity 15

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.70

Risk Management Index0.00

Software Index9.80

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Global Markets Group Limited

Company Abbreviation

Global Markets Group

Platform registered country and region

United Kingdom

Company website

Facebook

Linkedin

Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 4
Previous Detection : 2025-07-09
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 15 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

Global Markets Group

United Kingdom

WikiFX Verification

Exposure

15 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Unable to withdraw

The withdrawal applied on may is still unavailable.

2019-12-22 20:45
Unable to Withdraw

The withdrawal is unavailable for 6 months.

The withdrawal, applied on May 6th, 2019, is still unavailable. What happened? All my deposit has become naught.

2020-01-03 09:19
Unable to Withdraw

Cannot withdraw or contact the service

I can’t withdraw or contact the service. Their website was reported by someone. Isn’t this a legit platform? Now it seems like a fraud.

2019-06-15 02:20
Unable to Withdraw

Capital, applied for withdrawing in GMG, didn’t arrive

My applications for withdrawing money have been approved during April and May. But money has not arrived in July. Lu shi, who claimed to respond for his customers, is suspected of running away.

2019-07-04 22:17
Unable to Withdraw

The withdrawal is still unavailable yet in May.

The withdrawal is still unavailable yet in May. What happened to the platform?

2019-12-24 12:17
Unable to Withdraw

The withdrawal hasn’t been received for couple of days.The customer service keeps holding off.

The withdrawal hasn’t been received for couple of days.The customer service keeps holding off,giving no reply to my emails.

2019-05-16 23:13
Unable to Withdraw

Cannot withdraw on GMG

The website is inaccessible and service missing. It’s been 2 months since I applied for a withdrawal. Lu Shi, the boss, might have absconded.

2019-06-23 17:33
Unable to Withdraw

Money was applied for withdrawing but has not yet been credited to the card

I applied for withdrawing money three weeks ago but have not received it. I have contacted the customer service personnel three times, but only told "the problem is reported to the Finance Department, please be patient." There has never been an accurate answer.

2019-05-23 22:25
Unable to Withdraw

Unable to withdraw

I want to make an exposure on this fraud platform,in which the withdrawal is unavailable for months.

2019-11-08 01:25
Unable to Withdraw

Cannot withdraw

I deposited in April and haven’t withdrawn successfully for once. They always find themselves excuses and answer me vaguely.

2019-06-18 00:08
Unable to Withdraw

GMG offers no access for withdrawing large-sum money

It has been one month since I applied for withdrawing 50,000 dollars, but the money has not yet all arrived. They gave me different excuses no accurate answer.

2019-05-06 22:47
Unable to Withdraw

GMG offers no access to withdrawing money

Several people deposited in the platform, me included. We applied for withdrawing money on April 25 but failed. In early May, the money is still unable to withdraw. Now, the customer service personnel do not make a reply. And the website can't even be logged in. The platform is said to run away!

2019-06-14 22:18
Others

No regulatory number

There is no regulatory number on the website. The website server number seems to be wrong. I hope to check it.

2018-12-03 18:11
Unable to Withdraw

Withdrawal credited into account

The withdrawal of GMF hasn't been credited into account for several months.It's said that the manager has run away.Fraud platform!

2019-07-27 17:39
Unable to Withdraw

The withdrawal in GMG hasn’t been received more than a week.

The 6% service charge for the withdrawal will be deducted. After it was deducted on May 7th,the withdrawal hasn’t been received yet. The customer service tell me to wait patiently every time.

2019-05-15 19:14
    Global Markets Group · Company summary

    Global Markets Group is a broker which offers a variety of trading assets, including Forex, CFD shares, Commodities, Indices, Crypto CFDs and Metals with leverage up to 1:100 and spread from 0 pips on MT5 and web-based trading platform.

    Global Markets Group Review Summary
    Founded2015
    Registered Country/RegionUnited Kingdom
    RegulationFCA (Suspicious Clone)
    Market InstrumentsForex, CFD shares, Commodities, Indices, Crypto CFDs, Metals
    Demo Account✔
    LeverageUp to 1:100
    SpreadFrom 0.0 pips
    Trading PlatformMT5
    Min Deposit$200
    Customer SupportTel: 442038653306
    Email: info@gmgmarkets.co.uk

    Global Markets Group Information

    Global Markets Group is a broker which offers a variety of trading assets, including Forex, CFD shares, Commodities, Indices, Crypto CFDs and Metals with leverage up to 1:100 and spread from 0 pips on MT5 and web-based trading platform. The minimum deposit requirement is $200.

    Global Markets Group Information

    Pros and Cons

    Pros Cons
    Various trading productsFCA (Suspicious Clone)
    Spreads from 0 pips
    MT5 platform available

    Is Global Markets Group Legit?

    No. Global Markets Group has no regulations currently. Please be aware of the risk!

    Is Global Markets Group Legit?
    Regulatory Status Suspicious Clone
    Regulated by Financial Conduct Authority (FCA)
    Licensed Institution Global Markets Group Limited
    Licensed TypeStraight Through Processing (STP)
    Licensed Number744501
    Is Global Markets Group Legit?

    What Can I Trade on Global Markets Group?

    Global Markets Group lets traders diversify their portfolios across several markets by providing a range of trading assets like Forex, Indices, and Commodities.

    What Can I Trade on Global Markets Group?
    Tradable Instruments Supported
    Forex✔
    CFD shares✔
    Commodities✔
    Indices ✔
    Crypto CFDs✔
    Metals ✔
    ETFs❌
    Bonds❌
    Stocks❌

    Account Type/Fees

    Global Markets Group offers four account types, which are Standard account, Raw Spread account, SpreadBet Account and Elective Pro Account. But there are limited fees information about SpreadBet Account and Elective Pro Account.

    Account TypeStandardRaw Spread
    Min Deposit$200$200
    Commission$0 per lot per side$3.5 per lot per side
    SpreadFrom 1 pips0 pips
    Account Type/Fees

    Leverage

    The maximum level offered by Global Markets Group is up to 1:100. Forex traders must understand how to control leverage and use risk management techniques to reduce forex losses.

    Leverage

    Trading Platform

    When it comes to trading platforms available, Global Markets Group gives traders Meta Trader 5.

    Trading PlatformSupported Available Devices Suitable for
    MT4❌Desktop, Android, iOSBeginners
    MT5✔Desktop, Android, iOSExperienced traders
    Trading Platform

    Deposit and Withdrawal

    Global Markets Group offers some deposit options via wire transfer in 1 of 3 supported base currencies (EUR/GBP/USD), But Global Markets Group does not accept third party deposits or withdrawl requests.

    Deposit and Withdrawal

    Withdrawals are processed within 24 hours and the funds will almost instantly reach your sterling bank account if domiciled in the UK, via Faster Payments method; international transfers may take about 2-5 business days, depending on the procedures followed by your bank

    If the fund transaction is executed through intermediary banks, you may incur additional fees. Please note that you will be liable for any fees charges by the banks for the transactions.

    User Reviews

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    User comment

    3

    Comments

    Write a review

    FX1047939251
    more than one year
    No negocie con GMG Markets! Totalmente una empresa de estafa. ¡Por favor manténgase alejado de eso! Espero que más personas puedan ver mi reseña y mantenerse alejados de este estafador. ¡Me han estafado casi $10,000!
    No negocie con GMG Markets! Totalmente una empresa de estafa. ¡Por favor manténgase alejado de eso! Espero que más personas puedan ver mi reseña y mantenerse alejados de este estafador. ¡Me han estafado casi $10,000!
    Translate to English
    2022-11-27 09:43
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    Lizzie
    more than one year
    Don't go near this broker. Or you will be unfortunate. Their customer service is terrible, my withdrawal has not been processed for one month. I’m so helpless that the only I can do is to expose them on the Internet.
    Don't go near this broker. Or you will be unfortunate. Their customer service is terrible, my withdrawal has not been processed for one month. I’m so helpless that the only I can do is to expose them on the Internet.
    Translate to English
    2022-11-23 15:57
    Reply
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