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GMI -

Score

1.26 /10
Danger

GMI

Saint Lucia

10-15 years

Questionable Regulatory License

Self-developed

Suspicious Operational Region

United Kingdom Inst Forex Execution (STP) Revoked

High Potential Risk

https://gmimarket.ch/zh

Influence

C

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Comparison

Quantity 236

Exposure

Open Account
Website

Score

Regulatory Index2.08

Business Index7.79

Risk Management Index0.00

Software Index8.26

License Index2.70

The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.
Open Account
Website

Licenses

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

Single Core

1G

40G

open now

Regulatory disclosure

Danger

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Danger

MY SCM
2021-01-01
INVESTOR ALERT LIST
GMI

Broker Information

More

Company Name

GMI Global Market Index Limited

Company Abbreviation

GMI

Platform registered country and region

Saint Lucia

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 7
Previous Detection : 2026-08-30
  • The WikiFX cloud system has detected an excessive number of complaints against this broker, leading to its placement on the WikiFX Complaint Blacklist. Please be aware of the high risk.
  • This broker lacks valid forex regulation. Please be aware of the risk!

WikiFX Survey

Danger

GMI

United Kingdom

WikiFX Verification

Exposure

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

Withdrawal requested on the 18th is still pending

Account withdrawal has not been credited

2026-01-02 10:28
Scam

Why did GMI announce the cessation of business operations?

There are still negative orders pending, unable to close, but suddenly getting notified to close like this, it's very damaging.

2025-12-18 02:19
Unable to Withdraw

Withdraw funds from GMI platform to TPK to withdraw USDT, TPK website is closed

Platform shows withdrawal successful 1760 USDT, transferred to TPK, TPK website is closed, customer service says they are contacting them, a month has passed in a flash, the client does not respond. Is it completely dead?

2026-02-19 22:30
Severe Slippage

Spread Issues Leading to Margin Call Claims Trading Environment Complaint

Trading Account: Slippage and Spread Widening Complaint Complaint Details: This account operates with an EA. The quoted spread consistently remained within 30 pips, yet each trade entry and exit widened to tens of dollars. This caused the EA to place duplicate orders, ultimately resulting in a margin call. Claim: Seek compensation for all losses incurred due to spread issues, or directly restore the account to its net value at the morning market open.

2025-12-11 17:52
Unable to Withdraw

My withdrawal is stuck in the PTK wallet.

There's a total of 528 U, and now I can't even open the PTK wallet.

2026-01-25 09:04
Unable to Withdraw

Withdrawal not received

GMI has been a stable broker we've worked with for several years. Additionally, the withdrawal has not been credited to my account.

2025-12-25 07:49
Unable to Withdraw

Withdrawal not received

GMI had been a pretty stable broker all along. This sudden cessation of operations has left us traders feeling quite disappointed. We've been working together for years—how could this happen? Additionally, my requests to withdraw two funds have both failed to arrive.

2025-12-21 10:37
Unable to Withdraw

GMI not processing withdrawals

GMI started submitting withdrawals after announcing its exit. In the early stages, a few transactions still came through, but later they simply stopped processing them. The platform shifted blame, saying the funds went to the PTK wallet. As customers, we don't know the actual situation. We opened accounts based on the platform, so withdrawal issues should be the platform's responsibility. For a 16-year-old platform to do something like this is truly shameless, a disgrace to the industry! They even try to justify running away with such high-sounding excuses. Now, no one can get in touch with them; they've really run away completely.

2026-02-05 14:29
Unable to Withdraw

The payment issued on December 18, 2025, has still not been received.

The payment issued on December 18, 2025, has still not been received.

2025-12-27 00:06
Unable to Withdraw

The withdrawal has been processed for several days but the money has not been received yet.

It's been several days since the withdrawal, and I still haven't received the money. Moreover, the broker has announced its shutdown.

2025-12-23 02:17
Unable to Withdraw

Withdrawal not received

GMI had been a pretty stable broker all along, so this sudden cessation of operations has left us traders feeling rather disappointed. We've been working together for years—how could this happen? Additionally, I've requested two withdrawals, neither of which has been processed.

2025-12-19 20:36
Unable to Withdraw

GMI Markets account password was changed, resulting in the withdrawal of $1.17 million in funds. The platform refused to investigate before shutting down.

In 2018, I opened an account with GMI Markets through an agent to invest in foreign exchange. On August 5, 2020, the account balance showed USD 11,170,224.86. On August 14, I discovered I could not log in. Contacting customer service revealed my email and password had been altered by another party. I requested a reset but was told this required the broker's involvement. The broker denied making any changes and also could not access the account. I immediately demanded the platform freeze the account and investigate the perpetrator, but for months received only the response: “The investigation has been submitted. Please be patient.” During a video conference on March 9, 2021, GMI staff confirmed the account balance was zero and requested agent communication records (already submitted). Over subsequent years, despite repeated follow-ups (including multiple formal email complaints in December 2025), GMI only responded with “escalated to department, please be patient” or “cannot locate records,” providing no investigation reports, login logs, transaction records, or compensation. On December 24, 2025, the platform announced the cessation of all trading activities, followed by the complete shutdown of retail operations on December 31. To date, no substantive response has been provided. Independent investigations found no evidence of agent liability, raising suspicions that internal security breaches or operational errors caused the fund loss. Complaints have been filed with the Mauritius FSC and Ombudsperson, but with the platform's imminent closure, recovery of funds appears unlikely.

2025-12-27 04:38
Unable to Withdraw

Withdrawal stuck on GMI platform's PTK wallet website, PTK website inaccessible

Not yet credited to this day, funds of $47,800 not received, GMI official does not respond

2026-02-02 19:10
Unable to Withdraw

The withdrawal shows as successfully reviewed, but the official Ptk website is inaccessible.

Withdrew $156,000 USD. The withdrawal showed as successful, but only $5,200 USD was credited. Withdrew yesterday, but funds haven't arrived. Today, the official Ptk website is inaccessible.

2025-12-23 09:16
Unable to Withdraw

I have been using the gmi platform, but now it is going to cease all operations.

I have been using the GMI platform, but now it is shutting down and notifying all of us to withdraw funds. However, the funds have not arrived for three or four days. Is there a risk of the platform collapsing or running away? Please resolve the withdrawal issue as soon as possible.

2025-12-22 16:21
Severe Slippage

GMI, Return My Hard-Earned Money! Unconscionable Terms and Refusal to Compensate

Black platform GMI, give me justice and return my hard-earned money! On the afternoon of November 28th, the exchange experienced a system outage, leading to endlessly widening spreads. Instead of maintaining orderly market conditions, the market maker excessively widened the spreads, causing my entire account to be liquidated. This was my first time trading, and I encountered this disaster. The platform has been utterly negligent. I communicated with my IB, who said they were discussing compensation with the platform, but days have passed with no update. Left with no choice, I must file a complaint to defend my rights. My IB also told me the platform decided to compensate by crediting the deposit amount for account cme1*** to the trading accounts. The so-called "compensation" amounts are shown in the attached image: 85 cents, 82 cents, 89 cents. Is this compensation? It's more insulting than offering nothing—are they treating us like beggars? The credited amount isn't even enough to cover the negative balance caused by the forced liquidation. Isn't this just moving money from one pocket to the other? What's the point? Is this their way of wiping the slate clean? Furthermore, they claim they will only compensate for orders held overnight from the 27th to the 28th. This is absurd! The incident happened at 4:14 PM on the 28th. Using the 27th as a reference is completely unreasonable. It seems you make all the rules, leaving us investors and users with no say at all. GMI, return my hard-earned money! Also, regarding the orders executed during the outage, I requested the transaction reports to verify if they were routed to the exchange, but you failed to provide them. With the network connection down, how could they have been routed? My account was liquidated by your internal system's excessively widened spreads—you wiped it out clean and are now evading responsibility by blaming the CME exchange's "stability." A broker's duty is to maintain a stable trading environment and ensure orders are smoothly routed to the exchange, not to make excuses when problems arise. I implore the relevant authorities to uphold justice for retail investors like us. Return my money, and I'm done trading. The total amount is $1,500 USD.

2025-12-16 11:59
    Sources
    Data Source WikiFX Data provide
    Updated: 2026-08-30
    GMI · Company summary
    GMI Review Summary
    Founded2009
    RegisteredSaint Lucia
    RegulationFCA
    Market InstrumentsGold, silver, crude oil, forex, index
    Demo Account✅($10,000 in virtual funds)
    Islamic Account❌
    Account TypeECN, Cent, Standard, Standard Bonus
    Minimum Deposit15 USD
    LeverageUp to 1:2000
    SpreadFrom 0.0 pips
    Trading PlatformMT4, MT5, GMI EDGE
    Social/Copy Trading✅
    Payment MethodsNeteller, Skrill, etc. (vary by the region)
    Customer Support24/5 multilingual - live chat, contact form
    Email: cs@gmimarkets.com
    Regional RestrictionsThe 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.

    GMI's homepage

    Pros & Cons

    ProsCons
    • 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.

    FCA regulation

    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 AssetsSupported
    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 TypeECNCentStandardStandard Bonus
    Suitable forProfessional tradersBeginnersAll levelsPromotions
    Minimum Deposit100 USD15 USD25 USD25 USD
    Max. Leverage1:5001:10001:2000
    Commission$4 per lot❌
    Contract Size100,0001,000100,000100,000
    Max. Lot per Trade5015050
    Max. Order (MT4 - MT5)500200500
    Max. Order (GMI Edge)1000
    Expert Advisor✅
    Swap Free✅

    Leverage

    GMI offers different maximum leverage ratios for different account types.

    Account TypeMaximum Leverage
    ECN1:500
    Cent1:1000
    Standard1:2000
    Standard Bonus

    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.

    InstrumentSpread (from)Trading Time
    EURUSD0.0 pipsMonday-Friday : 00:05-24:00
    USDJPY
    GBPUSD
    EURGBP
    EURJPY
    XAUUSDMonday-Friday : 01:00-24:00
    XAGUSD0.1 pips
    USOUSD1.2 pips
    UKOUSD1.4 pipsMonday-Friday : 03:00-24:00
    XNGUSD0.3 pipsMonday-Friday : 01:00-24:00
    XAUEUR0.1 pips
    XAGEUR0.8 pips
    U30USD1.6 pips
    SPXUSD5.1 pips
    NASUSD0.9 pips
    D40EUR0.6 pips
    100GBP0.9 pips
    F40EUR1.0 pips
    HSIHKD3.6 pips
    CHN50U6.0 pips
    US Shares0.01 pipsMonday-Friday: 16:30-22:59:50
    HK Shares0.01 PipsMorning: 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.

    MT4

    MT5
    GMI EDGE

    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.

    Copy trading

    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.

    Risk Warning

    Online trading carries substantial risk, potentially leading to the total loss of invested funds.

    News

    ExposureGMI Review: Withdrawals Stalled, Login Complaints, and Broker Regulation Alarms

    GMI shows revoked FCA and VFSC records, an unverified VFSC record, and a heavy wave of recent complaints. Users report withdrawals trapped in PTK/TPK wallets, missing funds, official silence, and login failures that block access to money.

    WikiFX
    2026-08-07 16:00
    GMI Review: Withdrawals Stalled, Login Complaints, and Broker Regulation Alarms

    NewsGMI Ends Retail Brokerage Operations and Relinquishes FCA Licence

    Retail forex and CFDs broker GMI has brought its long-running brokerage business to an end, marking the close of roughly 16 years of operations.

    WikiFX
    2026-03-17 14:18
    GMI Ends Retail Brokerage Operations and Relinquishes FCA Licence

    NewsGMI Markets Announces Global Closure After 16 Years of Operation

    GMI Markets, an FCA‑regulated forex broker, will cease global operations on Dec 31, 2025. Clients must withdraw funds by January 31, 2026.

    WikiFX
    2025-12-18 17:34
    GMI Markets Announces Global Closure After 16 Years of Operation

    NewsGMI to Stop Global Operations from Dec 31, 2025; Don’t Miss the Final Withdrawal Deadline

    Taking the financial market by surprise, GMI, one of the leading global forex and CFD brokers, announced its intention to close its global operations from December 31, 2025. Since the official shutdown announcement, traders have been concerned about the status of fund deposits and withdrawals. They have understandably been searching for answers to these questions amid this announcement made by the group. Read on as we share with you key details emerging from the development.

    WikiFX
    2025-12-18 14:45
    GMI to Stop Global Operations from Dec 31, 2025; Don’t Miss the Final Withdrawal Deadline
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    Comments

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    奔跑中
    more than one year
    gmi从宣布退出后就开始提交出金，前期还陆续到了几笔，后期就直接不处理了，平台甩锅说资金到了ptk钱包，实际上什么情况作为客户是不知道，我们是看平台开户的，所以出金问题就应该平台来承担，16年的老平台做出来这样的事也是厚颜无耻，行业败类！跑路居然都说的这么冠冕堂皇，现在是没有人能联系上真的跑的彻底
    gmi从宣布退出后就开始提交出金，前期还陆续到了几笔，后期就直接不处理了，平台甩锅说资金到了ptk钱包，实际上什么情况作为客户是不知道，我们是看平台开户的，所以出金问题就应该平台来承担，16年的老平台做出来这样的事也是厚颜无耻，行业败类！跑路居然都说的这么冠冕堂皇，现在是没有人能联系上真的跑的彻底
    Translate to English
    2026-02-05 14:29
    Reply
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    FX3831716102
    6-12months
    至今未到账，资金47800美金未到账，GMI 官方不回复
    至今未到账，资金47800美金未到账，GMI 官方不回复
    Translate to English
    2026-02-02 19:10
    Reply
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