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Global Markets Group Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-05-06 18:07

Abstract:Global Markets Group Limited (GMG Markets) is a UK-based foreign exchange broker and is authorized and regulated by the UK Financial Conduct Authority (FCA) (License No. 744501). It is important to note that GMG Markets is extremely risky and the UK FCA has reported clone companies associated with it in 2019 and 2020 respectively and placed them on a regulatory blacklist.

  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.

  

Related broker

Unverified
Global Markets Group
Company name:Global Markets Group Limited
Score
2.47
Website:https://www.gmgmarkets.co.uk
5-10 years | Suspicious Regulatory License | MT5 Full License | White label MT4
Score
2.47

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