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GMI -

Score

6.25 /10
Average

GMI

Saint Lucia

10-15 years

Regulated in Mauritius

Securities Trading License (EP)

Self-developed

https://gmimarket.ch/zh

Influence

C

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Comparison

Quantity 206

Exposure

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Website

Score

Regulatory Index0.00

Business Index9.04

Risk Management Index0.05

Software Index5.50

License Index6.99

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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

GMI Global Market Index Limited

Company Abbreviation

GMI

Platform registered country and region

Saint Lucia

Company website

Company summary

Pyramid scheme complaint

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Exposure

206 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
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

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
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

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

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
Severe Slippage

Targeted slippage, a trashy platform that can't handle the game.

For example: Previously, I was only trading 1 lot of gold 0.03. When I recognized the trend and suddenly placed an order for 3 lots, I immediately got hit with an 8 USD slippage. As a result, this single trade lost over 1,000 USD, when it was supposed to profit over 1,000 USD. Shameless garbage platform—everyone should be careful and avoid using it if possible.

2025-10-28 15:37
Others

Due to a system anomaly, the account was instantly wiped out, and the platform refuses to refund the abnormal losses.

While conducting normal trading on the GMI platform (server: GMI-Live07), I encountered abnormal market conditions on November 28, 2025: • Execution prices deviated significantly from actual market levels • Extreme, non-executable quotes appeared • Long positions were instantly liquidated at abnormal prices • Total loss: -282,416.72 USC Subsequently, GMI issued an urgent notice explicitly stating: • CME technical failure caused quote anomalies • Liquidity provider experienced irregularities • Market volatility was beyond platform control Since the official acknowledgment confirms this as an abnormal market and system anomaly event, per international industry standards, such losses should be re-settled by the platform at normal executable prices, not borne by clients at abnormal prices. I repeatedly requested a review from the platform, demanding: • Provision of raw tick data for the abnormal period • Provision of execution records from liquidity providers (LPs) • Re-settlement of abnormal orders at normal market prices However, the platform refused refunds citing “global unforeseeable circumstances beyond platform control” and declined to provide trade confirmation records. Real market prices cannot gap to such extremes during normal trading hours, and the official announcement itself acknowledged this as abnormal market conditions. Therefore, the refusal to review and compensate is clearly unreasonable. I will retain all evidence and prepare to escalate to: • FSC Financial Regulatory Authority • CME Market Data Dispute • Arbitration with upstream liquidity providers (LPs)

2025-11-28 17:45
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

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
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
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
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

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
Severe Slippage

On November 28th, the platform exploited market volatility to maliciously execute slippage of $40, resulting in the complete liquidation of all accounts!

The GMI platform maliciously executed trades with slippage, causing the entry price to severely deviate from the real-time quote—a $40 discrepancy. This triggered my EA to repeatedly open positions, ultimately resulting in a complete margin call within two minutes! Moreover, the closing prices were at levels and points that never existed that day! Despite multiple communications, they refused any compensation and shifted all blame to market conditions! The lowest market quote that day was 4153. How could my long position have closed at 4130? This is malicious account liquidation! I demand full compensation from the platform!

2025-12-10 11:32
Severe Slippage

GMI engages in fraudulent practices, exploiting offline status to artificially widen spreads and shift blame onto exchanges, ultimately causing investors' accounts to suffer margin calls.

On November 28th, the exchange experienced an outage, causing the brokerage's slippage to expand infinitely. This resulted in margin calls on my account and those of multiple investors. Although I use EAs for trading, each order placed by my EA includes a comment annotation. However, after the outage, spreads widened indefinitely, creating an extremely adverse trading environment. The brokerage has the responsibility and obligation to maintain the stability of the connectivity system. Yet, following the outage, the exchange failed to do so. 1. Orders placed by the EA lacked annotations, The platform system malfunctioned, and I reviewed every order. Orders without notes require a reasonable explanation from the brokerage. The brokerage cannot explain this. 2. Ridiculously, my EA orders hit take-profit targets, yet I still incurred losses during the closing phase. Over the past few days, I've been negotiating compensation with the platform, demanding restoration of the day's balance. Their response blamed the exchange outage, claiming EA trading was activated due to the exchange's failure. They even shifted blame entirely, stating other issues stemmed from our EA's gateway and were not the brokerage's responsibility. They directly attributed the problem to the exchange. Moreover, the exchange was down. During this complete external market disruption, orders never actually flowed to the market. Instead of settlement slips, GMI's internal system forcibly executed trades at pre-set prices. This internal execution prevented clients like us from obtaining true market prices, making it impossible to reasonably account for slippage or delays to mitigate losses. It also violates the fundamental duty of a service provider. All trades are recorded on video, and backend order logs clearly reflect this. The platform has yet to address this. Furthermore, GMI did not notify investors via email on the day of the outage until 10 PM—a classic case of hindsight. Telling us “there's risk now” is laughable. When my account manager advised “don't place orders now,” how could I possibly do so? My account was already margin called—how could I place any orders? Both my account and the investor's account are in a margin call state. What kind of market conditions could possibly cause an account to reach margin call? Other platforms' account managers proactively contacted clients to discuss compensation, yet GMI claims this is impossible. It's utterly ridiculous. Both platforms are regulated—why such a difference? My demand is simple: restore my account balance to its level at the end of the day.

2025-12-09 00:00
    Sources
    Data Source WikiFX Data provide
    Updated: 2026-02-11
    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

    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

    NewsGMI Review: Uncover Top Features of Leading Trading Platforms

    Explore GMI's robust trading platforms, including Forex, gold, oil, and indices. Learn about GMI Edge, MT4, MAM, and various account types for traders.

    WikiFX
    2024-05-31 15:04
    GMI Review: Uncover Top Features of Leading Trading Platforms

    NewsWikiFX Reviews GMI in Depth

    In this article, we'll take an in-depth look at Global Market Index (GMI), examining its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service.

    WikiFX
    2023-09-04 17:06
    WikiFX Reviews GMI in Depth
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