Broker comparison between easyMarkets vs GMI
Do you want to figure out which is the better broker, easymarkets or gmi?
In the following table, you can compare the features of easymarkets and gmi side by side to determine the best fit for your trading needs.
Which broker is more reliable?
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction.
2.Does easymarkets or gmi have a lower transaction costs and fees?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we believe that easymarkets and gmi are both reliable. We analyze the reasons as following:
Forex broker introduction
General Information & Regulation
esayMarkets was launched in 2001, is a reputable financial services provider. From its inception, easyMarkets has been committed to providing innovative products, tools, and services to its clients. easyMarkets, through its subsidiary Easy Forex Trading Ltd, is authorized by the Cyprus Securities and Exchange Commission (license number 079/07), and Easy Markets Pty Ltd is authorized by the Australian Securities and Investments Commission (license number 246566). EF Worldwide Ltd is authorized by the Seychelles Financial Services Authority (license number: SD056), and the Virgin Islands Financial Services Commission (license number: SIBA/L/20/1135), and easyMarkets is a trading name of EF Worldwide Ltd, with its registration number 2031075.
easyMarkets offers investors a wide range of tradable financial instruments, including forex currency pairs, precious metals (gold, silver, palladium, platinum, copper), energies (West Texas light crude oil, heating oil, and natural gas), stocks, stock indices, commodities, digital currencies (Bitcoin, Ethereum, and Ripple), standard options and more.
easyMarkets offers three account options for traders, namely the Standard, the Premium and the VIP accounts. The Standard account requires a minimum deposit of 200 AUD, and it should be noted that the initial deposit requirement for the premium and the VIP account seem way too high, 3000 AUD and 10,000 AUD respectively.
The leverage level depends on instruments and platform traders trade, and maximum levearge offered by easyMarket is up to 1:400, the 1:50 for major crypto currency, quite high leverage, indeed.
|Standard Account||Premium Account||VIP Account|
|Max. Leverage (Web)||1:200||1:200||1:200|
|Max. Leverage (MT4)||1:400||1:400||1:400|
Spreads & Commissions
The spreads on the easyMarkets platform are 0.9 pips for EURUSD, 1.3 pips for GBPUSD, 1 pips for USDJPY, 1.5 pips for USDCHF, 2 pips for USOIL, and 1.8 pips for GER30. Moreover, easyMarkets has launched a series of promotions for new traders: investors are awarded a 30% (minimum $30, maximum $60) tradable bonus on their first deposit of $100-$199, a 50% (minimum $100, maximum $500) tradable bonus on their first deposit of $200-$1,000, a 50% (minimum $100, maximum $500) tradable bonus on their first deposit of 1000-$5000, 40% (min $400, max $2000) tradable bonus.
Trading Platform Applied
easyMarkets offers traders the flexibility to choose from the easyMarkets web platform, mobile app, and easyMarkets MT4 trading software. The easyMarkets platform is user-friendly, and feature-rich, also suitable for experienced traders. Traders can access easyMarkets' free guaranteed stop loss, no slippage, fixed spreads, and access fees. The easyMarkets trading application offers various trading options based on the trader's objectives and strategies, providing access to market dynamics and real-time prices without leaving the application. The easyMarkets MT4 includes over 80 markets in currencies, metals, commodities, indices, and cryptocurrencies with the ability to trade CFDs with one click, create custom trading templates, or select pre-involved templates. MT4 is available for iPhone, iPad, Android phones, tablets, and PCs.
Deposit & Withdrawal
easyMarkets supports a wide range of convenient deposit and withdrawal methods, mainly credit/debit cards, bank transfers, Skrill & Neteller e-wallets, and WeChat payments. EasyMarkets does not charge any fees for deposits or withdrawals.
General Information & Regulation
GMI (Global Markets Index) was established in 2009 and has been operating in 8 different countries worldwide for over a decade. GMI has accumulated over a decade of experience in serving traders worldwide. GMI is authorized and regulated by the UK Financial Conduct Authority (license number:677530) and also regulated by the Vanuatu Financial Services Commission offshore.
GMI supports over 50 common financial instruments ranging from gold to forex, mainly over 40 major currency pairs, gold, silver, energy, indices, and cryptocurrencies.
Four account options are listed on GMI (Global Markets Index) platform: standard, standard bonus, cent and ECN accounts. The minimum initial deposit for opening a standard account is only $25, sounds the good options for new traders to have a try.
In terms of trading leverage, GMI (Global Markets Index), as a UK based broker established by the EMSA regulation offers the leverage of up to 1:30 for forex instruments, 1:20 for minor currency. Trader who open an accounts under its Vanuatu entity can enjoy the higher leverage of up to 1:200 or 1:300.
Spreads & Commissions
The minimum spread on the GMI Market is 0.56 pips for EURUSD, 0.62 pips for GBPUSD, 2.8 pips for USDJPY, and 2.8 pips for USDCHF. The spreads start at 0.6 pips for XAUUSD, 2.1 pips for XAUGBP, 2.4 pips for USOil, 2.1 pips for UKOil, and 0.71 pips for Natural Gas. The lowest spread on Wall Street is from 2.8 pips, the lowest spread on HIS HDK is from 22.3 pips, the lowest spread on Bitcoin USD is from 48 pips, and the lowest spread on Ether USD is from 3 pips.
GMI offers traders the flexibility to choose from the MT4 trading platform, as well as MT4 for Android, MT4 for iOS, and MT4 for PC/Mac. MT4 is a popular platform with powerful charting tools and technical analysis tools, as well as a user-friendly interface that is ideal for traders of all levels.
Deposit and Withdrawal
GMI welcomes various easy, secure and fast deposit and withdrawal methods, including bank transfers. All account types accept bank or electronic transfers, and GMI does not accept third-party withdrawals. Withdrawals under $1000 are processed immediately by GMI; withdrawals between $1000 - $19999 require manual review and are sent to the payment provider for verification within 24 hours. Withdrawals over $20,000 may take up to 4 business days.
Global Market Index follows standard office hours and 24-hour trading hours Monday to Friday. With that said, trading sessions may vary by market.
GMI offers a range of customer support options, available 24/5 via online contact form, telephone at 400-606-3399, email at email@example.com, live chat engines accessible from the relevant logos on the contact us webpage.
Does easymarkets or gmi have a lower transaction costs and fees?
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive easymarkets and gmi are, we first considered common fees for standard accounts. On easymarkets, the average spread for the EUR/USD currency pair is 1.2 pips pips, while on gmi the spread is --.
Which broker is safer, easymarkets or gmi?
To determine the safety of a forex brokers, our experts take various factors into consideration in a multi-dimensional manner. This includes which regulatory licenses the forex trader holds and how reputable those licenses are. We also consider the history of a forex dealer, as long-standing dealers are usually more reliable and trustworthy than newer start-ups. easymarkets is regulated by ASIC,CYSEC. gmi is regulated by FCA,VFSC.
Which broker provides better trading platform, easymarkets or gmi?
When our experts review a broker, they usually open real trading accounts and trade through the broker's trading platform. This gives us a better overall assessment of the quality of the platform, the ease of use and the features it offers. easymarkets Available trading platforms include VIP、Premium、Standard, tradable financial instruments include ECN、Cent、Standard、Standard Bonus* gmi works/provides VIP、Premium、Standard trading platform, trading instruments ECN、Cent、Standard、Standard Bonus*