GMI Ends Retail Brokerage Operations and Relinquishes FCA Licence

According to the company‘s latest notice, Global Market Index Limited, GMI’s UK entity, has ceased all regulated activities, and the Financial Conduct Authority approved the cancellation of its permissions on 5 February 2026. The notice also states that the company is now in the final stages of an orderly wind-down and is no longer onboarding clients or conducting regulated business.

The closure appears to extend beyond the UK entity. GMIs offshore retail brokerage business, which had historically served clients in regions including MENA and parts of Asia, was also stopped, with client accounts understood to have been closed by the end of December 2025.

At the same time, the case highlights an important distinction between a brokers historical presence and its current regulatory standing. A firm may have operated for many years, but once its licences are relinquished or withdrawn and its business is wound down, its status changes materially for both existing and prospective clients.

WikiFX currently shows GMI under a “Stoppage of Business” label, with an overall score of 2.80/10. The profile also reflects that the brokers regulatory status is no longer active in the way retail clients would typically expect from an operating forex firm.

More broker information can be viewed here:

https://www.wikifx.com/en/dealer/0001816946.html

For market participants, GMIs exit serves as a reminder that broker status should be checked regularly, especially when a company has announced a wind-down or licence cancellation. Even if a website remains accessible for a period of time, that does not necessarily mean the underlying brokerage business is still active in the normal sense.

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