GMG Markets-Overview of Minimum Deposit, Spreads & Leverage

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
Founded	2015
Registered Country/Region	United Kingdom
Regulation	FCA (Suspicious Clone)
Market Instruments	Forex, CFD shares, Commodities, Indices, Crypto CFDs, Metals
Demo Account	✔
Leverage	Up to 1:100
Spread	From 0.0 pips
Trading Platform	MT5
Min Deposit	$200
Customer Support	Tel: 442038653306
Customer Support	Email: info@gmgmarkets.co.uk

Global Markets Group Information

Pros and Cons

Pros	Cons
Various trading products	FCA (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!

Regulatory Status	Suspicious Clone
Regulated by	Financial Conduct Authority (FCA)
Licensed Institution	Global Markets Group Limited
Licensed Type	Straight Through Processing (STP)
Licensed Number	744501

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.

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 Type	Standard	Raw Spread
Min Deposit	$200	$200
Commission	$0 per lot per side	$3.5 per lot per side
Spread	From 1 pips	0 pips

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.

Trading Platform

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

Trading Platform	Supported	Available Devices	Suitable for
MT4	❌	Desktop, Android, iOS	Beginners
MT5	✔	Desktop, Android, iOS	Experienced traders

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.

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.