FXTM	Basic Infromation
Registered Country/Region	United Kingdom
Founded in	2011
Headquarters	Cyprus, UK, Belize
Regulated By	FCA, CySEC, FSCA (Out of Scope Business)
Minimum Deposit	$10
Leverage	Up to 1:2000
Account Types	Micro, Advantage, and Advantage Plus
Demo Account	Yes
Trading Instruments	Forex, Commodities, Indices, Shares, Cryptocurrencies
Trading Platforms	MetaTrader 4, MetaTrader 5, FXTM Trader
Mobile Trading	Yes
Islamic Account	Yes
Payment Methods	Credit/Debit Cards, Bank Wire, E-wallets
Minimum Spread on EUR/USD	From 0.1 pips
Customer Support	24/5 Live Chat, Email, Phone
Educational Resources	Yes
Negative Balance Protection	Yes

Overview of FXTM

FXTM, or Forex Time, is a global forex and CFD broker founded in 2011. The company is headquartered in Cyprus and is regulated by the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and other regulatory bodies in various countries. FXTM offers a variety of trading instruments, including forex, commodities, indices, shares, and cryptocurrencies.

FXTM is its extensive range of account types, which cater to traders of all experience levels and preferences. The broker offers five different account types, including the Micro, Advantage, and Advantage Plus accounts, as well as demo accounts and Islamic accounts. Each account type comes with its own unique features, including different leverage options, spreads, and minimum deposit requirements. In terms of trading fees, FXTM offers variable spreads on most of its instruments, with spreads starting from as low as 0.1 pips.

FXTM also offers a range of trading platforms, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These platforms are available in desktop, web, and mobile versions, allowing traders to trade on the go and from anywhere in the world.

Lastly, FXTM provides customer support in multiple languages, which is available 24/5 via live chat, email, and phone. The broker also offers a range of educational resources, including webinars, seminars, and trading guides.

Is FXTM Legit？

FXTM is currently regulated by two reputable regulatory bodies, the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC) in Cyprus. These regulatory bodies ensure that the broker operates within strict guidelines and rules.

Forextime Ltd (Its CYSEC entity), is authorized and regulated by the Cyprus Securities and Exchange Commission (CYSEC) under regulatory license number 185/12.

Exinity UK Ltd, its UK entity, is authorized and regulated by the Financial Conduct Authority (FCA) under regulatory license number 777911.

FOREXTIME LTD is authorized by the Financial Conduct Authority (FSCA), holding a license of Financial Service Authority under license no. 46614.

Pros and Cons of FXTM

FXTM is a well-known broker that offers a range of trading services to its clients, including forex, commodities, and CFDs. While there are many benefits to trading with FXTM, there are also some drawbacks to consider. In this table, we'll take a closer look at the pros and cons of trading with FXTM, so you can make the right choice about whether this broker is right for you. Some of the pros we'll cover include their range of account types, competitive spreads, and excellent customer support, while some of the cons we'll discuss include the lack of cryptocurrency trading and high withdrawal fees.

Pros	Cons
Regulated by top-tier financial authorities, FCA and CYSEC	Limited product offerings compared to some competitors
Wide range of account types for different trading needs	High inactivity fee
Low minimum deposit requirements	Limited payment methods
Demo Accounts Available	Limited research tools and resources
Islamic Accounts Available
Access to a variety of trading platforms, including MT4 and MT5
Multiple funding and withdrawal options
Rich Eductaional Resources
Rich Trading Tools
High-quality customer support

Market Intruments

FXTM offers a diverse range of trading instruments for its clients, which includes forex, spot metals, CFD commodities, stock, stock CFDs, and CFDs on indices. The forex market is the largest financial market in the world, and FXTM provides access to a wide range of major, minor and exotic currency pairs. This means that traders have the flexibility to trade the currency pairs that best suit their trading strategies.

In addition to forex, FXTM offers trading in spot metals, which include gold, silver, and platinum. Spot metals can be a useful tool for diversifying a portfolio or hedging against inflation or geopolitical risks. FXTM also provides CFD trading in commodities, such as oil, natural gas, and agricultural commodities. CFD trading allows traders to speculate on the price movements of these commodities without having to own them physically.

FXTM also offers trading in stocks and stock CFDs. With access to global markets, traders have the opportunity to invest in some of the world's leading companies, such as Apple, Amazon, and Facebook. Moreover, traders can benefit from dividend payments when holding stock CFDs for the long term.

Finally, FXTM provides CFD trading on indices, which allows traders to speculate on the performance of a particular stock market. This is particularly useful for traders who want to take a broader view on the direction of a market, rather than focusing on individual stocks.

Overall, FXTM's range of market instruments provides traders with a wide variety of opportunities to diversify their trading portfolio and explore new trading strategies.

Pros	Cons
Offers a wide range of markets to trade, including forex, spot metals, and CFDs on commodities, stocks, and indices	Limited selection of individual stocks compared to some competitors
Competitive spreads and commissions	Margin requirements on some instruments may be higher than other brokers
Access to both major and minor forex pairs, as well as exotic currency pairs	Limited cryptocurrency offerings compared to some competitors
Opportunity to diversify portfolio with a variety of markets	The number of CFDs on commodities may be limited compared to other brokers
Offers both MetaTrader 4 and MetaTrader 5 platforms for trading	Availability of certain markets may vary depending on the trader's location

Account Types

FXTM offers three different types of trading accounts, which are the Micro account, the Advantage account, and the Advantage Plus account. The Micro account requires a minimum deposit of $10, the Advantage account requires a minimum deposit of $100, and the Advantage Plus account requires a minimum deposit of $500.These account types are designed to cater to the varying needs and preferences of traders, ranging from beginner traders with limited capital to experienced traders looking for more advanced trading features. Each account type has its own unique features and benefits, such as different minimum deposit requirements, leverage ratios, and spreads, allowing traders to choose the one that suits them best. The Micro account is ideal for novice traders with a limited budget, while the Advantage account is suitable for experienced traders who require advanced trading tools and a competitive trading environment. The Advantage Plus account is designed for professional traders who require high-volume trading and personalized support from a dedicated account manager.

Pros	Cons
Micro account has low initial deposit	Micro account has higher spreads compared to other types
Advantage account has low spreads	Advantage account has a higher minimum deposit
Advantage Plus account offers lower commissions	Advantage Plus account has the highest minimum deposit

Demo Accounts

FXTM offers demo accounts for all its account types, including Micro, Advantage, and Advantage Plus. These demo accounts allow traders to test their trading strategies in a risk-free environment using virtual funds. Demo accounts are also useful for new traders who want to learn how to trade before committing real money to live trading. With FXTM's demo accounts, traders can access all the trading tools and features available in the live trading platform. The demo accounts are also available in multiple languages, making it accessible for traders from different countries. However, it's important to note that demo trading doesn't completely simulate the emotional and psychological aspects of real trading, which could affect a trader's performance in the live markets.

How to Open an Account？

• To open an account with FXTM, you first need to visit their website and click on the “OPEN ACCOUNT” button on the top right-hand corner of the page.

• This will take you to the account registration page where you will need to fill out some basic personal information like your name, email address, and phone number.

• Next, you will be asked to choose the type of account you want to open. FXTM offers three main account types - Micro, Advantage, and Advantage Plus, each with its own features and benefits. You will also need to select the base currency of your account and agree to the terms and conditions of the broker.

• Once you have selected your account type and base currency, you will be prompted to provide some additional personal information like your date of birth, occupation, and address. You will also need to answer a few questions about your trading experience and investment goals.

• After you have completed the registration process, you will need to verify your account by providing some additional documents like a copy of your ID or passport and a proof of address like a utility bill or bank statement.

• Finally, once your account is verified, you can then make your first deposit and start trading.

Leverage

FXTM offers leverage of up to 1:2000, depending on the account type and trading instrument. The highest leverage is available for forex trading on the FXTM Pro account, while the other account types offer leverage up to 1:30 for EU traders and up to 1:2000 for non-EU traders. It's important to note that while high leverage can increase potential profits, it also increases the risk of losses. Therefore, it's recommended to use leverage wisely and only trade with funds you can afford to lose. FXTM also offers negative balance protection, which ensures that traders can not lose more than their account balance. This feature can provide additional peace of mind when trading with high leverage.

Spreads & Commissions (Trading Fees)

The spreads and commissions vary depending on the account type. For the Micro account, the spreads start from 1.5 pips, and no commission is charged. For the Advantage account, the spreads start from 1.1 pips, and a commission of $2 is charged per lot. For the Advantage Plus account, the spreads start from 0.0 pips, and a commission of $4 is charged per lot. It's important to note that the spreads are floating and may widen during periods of high market volatility.

The spreads offered by FXTM are typically lower than those offered by many other brokers in the industry, particularly on the Advantage and Advantage Plus accounts. The Micro account, however, has slightly higher spreads, which is to be expected due to the smaller minimum deposit requirement.

Here we have created a comparison table of the average spreads and commissions offered by FXTM and some other popular forex brokers such as IC Markets, Exness, and FP Markets:

Broker	EUR/USD Spread	Commission	Minimum Deposit
FXTM (Micro)	1.5 pips	No commission	$10
FXTM (Advantage)	0.5 pips	No commission	$100
FXTM (Advantage Plus)	0.1 pips	No commission	$500
IC Markets (Raw Spread)	0.1 pips	$7 round turn	$200
Exness (Raw Spread)	0.3 pips	No commission	$1
FP Markets (Raw Spread)	0.0 pips	$7 round turn	$100

Non-Trading Fees

Apart from trading fees, FXTM charges some non-trading fees that traders should also consider before choosing this broker. Some of the non-trading fees charged by FXTM include inactivity fee, withdrawal fee, deposit fee, and overnight fee. The inactivity fee is charged when a trader does not perform any trading activity on their account for a period of 6 months. The fee charged is $5 per month. Withdrawal fees vary depending on the method used, with bank transfers attracting a higher fee compared to e-wallets. Deposit fees are not charged for most methods, but a 2.5% fee is charged when depositing via Neteller. Overnight fees are charged when a position is held open overnight, and they vary depending on the instrument being traded

Here is a table showing the comparison of non-trading fees charged by FXTM and some other popular forex brokers:

Broker	Inactivity Fee	Deposit Fee	Withdrawal Fee
FXTM	$5/month after 6 months of inactivity	Free	Fees may occur
Avatrade	$50/quarter after 3 months of inactivity	Free	Fees may occur
IC Markets	$0	Free	Fees may occur
Exness	$0	Free	Fees may occur
FP Markets	$0	Free	Fees may occur

Trading Platform

FXTM offers a range of trading platforms, including the popular MetaTrader 4 and 5 platforms, as well as their proprietary trading platform called FXTM Trader. The MetaTrader 4 and 5 platforms are known for their ease of use, comprehensive charting tools, and customizability, while FXTM Trader offers advanced features such as price alerts, multiple chart types, and a news feed.

One of the main advantages of using MetaTrader 4 and 5 is the vast community of traders who have developed and shared custom indicators and trading strategies, making it easy to find and use powerful tools that can help improve your trading performance.

Another advantage of FXTM's trading platforms is their compatibility with a range of devices, including desktop, mobile, and web-based platforms, making it easy to trade on the go or from any device.

Here's a table comparing the trading platforms offered by FXTM, IC Markets, Avatrade, and Exness

Broker	Platform Types	Desktop	Web-Based	Mobile
FXTM	MT4, MT5, FXTM Trader	✔	✔	✔
IC Markets	MT4, MT5, cTrader	✔	✔	✔
Avatrade	MT4, AvaTradeGO, WebTrader	✔	✔	✔
Exness	MT4, MT5	✔	✔	✔

Deposit & Withdrawal

FXTM offers a variety of deposit and withdrawal options for its clients. Traders can deposit funds into their trading account using credit/debit cards, bank wire transfers, e-wallets, and other online payment methods. The minimum deposit amount varies depending on the account type selected by the trader.

For credit/debit card deposits, FXTM accepts Visa, Mastercard, and Maestro. There are no deposit fees for credit/debit card transactions, and funds are usually credited to the trading account instantly.

Bank wire transfers are also available as a deposit option. This method takes longer to process compared to other deposit methods and may incur charges from the bank. The minimum deposit amount for bank wire transfers varies depending on the currency selected, and it may take up to five business days for funds to appear in the trading account.

E-wallets such as Skrill, Neteller, and WebMoney are also accepted by FXTM. Deposits made through e-wallets are usually credited to the trading account instantly and are free of charge. The minimum deposit amount for e-wallet transactions varies depending on the selected e-wallet.

Withdrawals can be made using the same methods as deposits, with the exception of Mastercard. Withdrawals made through credit/debit cards may take up to three business days, while withdrawals made through e-wallets are usually processed within 24 hours. Bank wire transfers may take up to five business days for the funds to be credited to the trader's bank account.

FXTM may charge withdrawal fees for some methods. Traders are advised to check the fees and processing times associated with each method before making a deposit or withdrawal.

Pros	Cons
Multiple deposit and withdrawal methods	Some withdrawal methods may have higher fees
No deposit fees	Minimum withdrawal amounts may be higher than other brokers
Fast deposit and withdrawal processing times	Some deposit methods may not be available in certain regions
Supports various currencies for transactions

Customer Support

FXTM is known for providing excellent customer support to its clients. The broker offers various channels for clients to contact their support team, including live chat, email, and phone support. The customer support team is available 24/5 and is multilingual, which means clients can communicate with them in their preferred language.

FXTM also provides an extensive FAQ section on their website that covers various topics, such as account opening, deposit and withdrawal methods, trading platforms, and more. This section is helpful for clients who prefer to find answers to their questions without contacting the support team.

Pros	Cons
Live chat support available	No 24/7 customer support
Fast response times	No phone support for some countries
Knowledgeable and helpful staff	Limited educational resources for clients
Various support channels available
A FAQs section

Educational Resources

FXTM offers various educational resources to its clients to enhance their trading skills and knowledge. These resources include webinars, seminars, articles, e-books, educational videos, and more.

Webinars and seminars are live sessions conducted by market experts and analysts who provide insights and analysis on market trends and trading strategies. The sessions cover a wide range of topics, including technical and fundamental analysis, risk management, and trading psychology. The webinars and seminars are interactive, allowing clients to ask questions and get feedback from experts.

FXTM also provides a wide range of educational articles and e-books that cover a variety of trading topics. These resources are available to all clients, regardless of their account type, and can be accessed on the FXTM website.

In addition to these resources, FXTM offers educational videos that cover various aspects of trading, including market analysis, trading strategies, and risk management. These videos are designed to be engaging and informative, making them a useful tool for traders at all levels of experience.

Pros	Cons
Wide range of educational resources available	Some resources may be outdated or not relevant
Multiple formats available (webinars, articles, etc.)	Limited in-depth educational resources
Demo account available for practice trading	Educational resources may not be suitable for all levels of traders
Educational resources available in multiple languages	Some resources may require a subscription or additional fees

Conclusion

FXTM is a well-regulated and respected forex broker with a wide range of market instruments, competitive trading conditions, and user-friendly trading platforms. They offer various account types with reasonable minimum deposits and leverage options. FXTM's customer support is also responsive and helpful, while their educational resources can be useful for both novice and experienced traders.

However, there are also some potential drawbacks to consider. FXTM's non-trading fees, such as withdrawal fees, can be high, and their spreads can be wider than some of their competitors. Additionally, some traders may find their educational resources lacking in depth or variety.

FAQs

• Q: Is FXTM regulated？

  A: Yes, FXTM is regulated by top-tier financial authorities such as the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC).

• Q: What trading instruments are available on FXTM？

  A: FXTM offers a range of trading instruments including forex, spot metals, CFD commodities, stock CFDs, and CFDs on indices.

• Q: What types of trading accounts are available on FXTM？

  A: FXTM offers three main types of trading accounts: the Micro account, Advantage account, and Advantage Plus account.

• Q: What is the minimum deposit required to open an account on FXTM？

  A: The minimum deposit required for each account type on FXTM is as follows: Micro account - $10, Advantage account - $100, and Advantage Plus account - $500.

• Q: What trading platforms are available on FXTM？

  A: FXTM offers a range of trading platforms including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.

• Q: What are the deposit and withdrawal options on FXTM？

  A: FXTM offers a variety of deposit and withdrawal options including bank transfers, credit/debit cards, and e-wallets such as Skrill, Neteller, and more.

• Q: What are the deposit and withdrawal options on FXTM？

  A: FXTM offers a variety of deposit and withdrawal options including bank transfers, credit/debit cards, and e-wallets such as Skrill, Neteller, and more.

GMI Review Summary in 10 Points
Founded in	2009
Headquarters	UK
Regulation	FCA
Market Instruments	forex, indices, gold, oil, silver
Demo Account	Available
Social Trading	Yes
Leverage	1:2000
EUR/USD Spread	0.0 pips
Trading Platforms	MT4
Minimum deposit	$15
Customer Support	24/5 email and live chat

What is GMI？

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 is headquartered in the United Kingdom with offices in Cyprus and the UAE. The broker is regulated by the Financial Conduct Authority (FCA) in the UK. GMI offers a range of trading instruments, including forex, commodities, indices, and cryptocurrencies. It also provides the popular MetaTrader4 (MT4) platform.

What Type of Broker is GMI？

GMI (Global Market Index) is a forex and CFD (contract for difference) broker, operating as a No Dealing Desk (NDD) broker with Straight Through Processing (STP) and Electronic Communication Network (ECN) execution models.

Pros & Cons

GMI appears to have a number of strengths, including its low minimum deposit requirement, tight spreads, various account types, social trading solution, and competitive leverage. However, a limited range of trading instruments, educational resources, research and analysis tools may concern some traders.

Pros	Cons
• Regulated by FCA	• Limited range of trading instruments
• Wide range of account types	• Inactivity fee after 90 days of inactivity
• Commission-free trading	• Limited educational resources
• Negative balance protection	• Limited research and analysis tools
• Social trading feature supported

Note: The pros and cons listed above are not exhaustive and may vary based on individual preferences and circumstances.

Overall, potential clients of GMI should conduct their own research and carefully consider the advantages and disadvantages before deciding to trade with this broker.

Is GMI Safe？

GMI is a regulated forex broker, licensed by Financial Conduct Authority (FCA), 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. It is important for traders to do their own research and due diligence before deciding to trade with any broker.

How are you protected？

In the table below, these measures show that GMI takes the safety and security of its clients seriously and works to provide a secure trading environment.

Protection Measures	Description
Regulation	FCA
Client Fund Segregation	GMI holds client funds in separate accounts from its operational funds to ensure that they are protected in case of bankruptcy or insolvency
Negative Balance Protection	Clients can not lose more than their account balance
Security Protocols	Protect clients' personal and financial information, including SSL encryption, two-factor authentication, and firewalls
Investor Compensation Fund	Provides up to £85,000 of compensation to eligible clients in case of GMI's insolvency

Our Conclusion on GMI Reliability:

Based on the information available, GMI is regulated by the Financial Conduct Authority (FCA) in the UK, which oversees the company's compliance with financial regulations and standards. The company also claims to implement safety measures, such as negative balance protection and the use of segregated client accounts, to ensure the safety of its clients' funds.

As with any financial services provider, there is always a level of risk involved, and it is essential to do your due diligence and conduct thorough research before choosing a broker.

Market Instruments

GMI offers a variety of trading instruments across different asset classes, including:

• Forex: GMI offers a wide range of forex currency pairs, including major pairs like EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic pairs.

• Indices: GMI offers trading on major stock market indices such as the S&P 500, NASDAQ, and FTSE 100, as well as a range of other international indices.

• Gold: GMI offers spot trading in gold, which allows traders to speculate on the price of the precious metal without taking physical delivery.

• Oil: GMI offers spot trading in oil, including Brent Crude and US Crude.

• Silver: GMI offers spot trading in silver, which is another popular precious metal among traders.

However, other popular asset classes such as stocks and cryptocurrencies seem to be not available. Overall, GMI provides traders with many trading instruments to choose from, enabling them to diversify their portfolios and potentially capitalize on different market conditions.

Account Types

GMI offers four types of live trading accounts: Cent, Standard, Standard Bonus, and ECN accounts.

• Cent Account: This account is ideal for beginner traders who want to start with a small investment. The minimum deposit requirement for this account is just $15.

• Standard Account: This account is suitable for more experienced traders. The minimum deposit requirement for this account is $25.

• Standard Bonus Account: This account is similar to the standard account but comes with an additional bonus on deposits. The minimum deposit requirement for this account is also $25.

• ECN Account: This account is designed for professional traders who want to trade with the lowest spreads possible. It offers raw spreads starting from 0 pips. The minimum deposit requirement for this account is $100.

Risk-free demo accounts and swap-free Islamic accounts are also available at GMI.

Leverage

According to the GMI website, the maximum leverage offered is up to 1:2000. It's important to note that using high leverage comes with higher risks, and traders should always understand the potential risks and manage their trades accordingly.

Spreads & Commissions

GMI offers spreads from 0.0 pips. It's important to note that spreads may vary depending on market conditions and liquidity. Traders may also be subject to additional fees such as swaps and overnight financing charges.

Regarding the commission, it varies depending on the type of account. There is no commission charged on the Cent, Standard, Standard Bonus accounts, while the commission for the ECN account is $4 per lot.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker	EUR/USD Spread	Commission
GMI	0.0 pips	No ($4 per lot for the ECN account)
XM	0.6 pips	No
FXTM	0.1 pips	No
HotForex	1.2 pips	No
Pepperstone	0.1 pips	AUD $7 per lot (round turn)
IG	0.6 pips	No

Note: Spreads can vary depending on market conditions and volatility. It's always a good idea to check with the broker directly for the latest information on their spreads and commissions.

Trading Platforms

GMI offers its clients the popular MetaTrader 4 trading platform, which is available for Windows, Mac, iOS, Android and Web. The platform includes a variety of tools and features for technical analysis, order management, and customization. It also supports automated trading with the use of Expert Advisors (EAs).

See the trading platform comparison table below:

Broker	Trading Platforms
GMI	MetaTrader4
XM	MetaTrader4, MetaTrader5, XM WebTrader
FXTM	MetaTrader4, MetaTrader5, FXTM Trader
HotForex	MetaTrader4, MetaTrader5, HotForex WebTrader
Pepperstone	MetaTrader4, MetaTrader5, cTrader
IG	MetaTrader4

Note: The information in this table is subject to change and may not be exhaustive. It is recommended to visit each broker's website for the latest information on their trading platforms.

Social Trading

GMI offers social 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 social trading platform promotes knowledge sharing and community-driven trading in a simple and accessible manner.

Deposits & Withdrawals

Users from different countries can fund with different methods. Just take an example of Malaysian users, they can fund their accounts via Local Bank Transfer, Neteller and Skrill.

The minimum deposit is $15 for Local Bank Transfer, and $10 for Neteller and Skrill. The minimum withdrawal is 50 MYR for Local Bank Transfer, and $10 for Neteller and Skrill.

No deposit fees are charged while withdrawal fees vary on the payment method. For example, there is no withdrawal fee for Local Bank Transfer, while a 4% withdrawal fee for Neteller and Skrill.

As for the processing time, all deposits and most withdrawals are instant, while Local Bank Transfer withdrawals may be slower, usually can be processed between 8am to 6pm daily.

GMI Minimum Deposit vs other Brokers

	GMI	Most other
Minimum Deposit	$15	$/€/£100

GMI Money Withdrawal

The process for withdrawing funds from GMI may vary depending on the method used for the deposit. However, in general, you can follow these steps:

Step 1: Log in to your GMI account.

Step 2: Click on the “Withdrawal” option in the menu.

Step 3: Select the preferred withdrawal method from the available options.

Step 4: Fill out the withdrawal form with the required details.

Step 5: Submit the withdrawal request.

GMI may require additional verification documents before processing the withdrawal request. The time it takes for the withdrawal to be processed and the funds to be received may also depend on the chosen withdrawal method.

Fees

GMI charges various fees to its clients, including:

• Overnight Financing: GMI also charges an overnight financing fee on positions held overnight. This fee varies based on the instrument traded, the account type, and the prevailing interest rates in the market.

• Inactivity Fee: GMI charges an inactivity fee of $50 per quarter for accounts that have been inactive for more than 90 days.

• Other Fees: GMI may charge other fees related to account maintenance, data feeds, and other services. These fees are disclosed in the account agreement and may vary depending on the client's location and account type.

It's always recommended to review the complete fee schedule and terms and conditions on the broker's website or by contacting their customer support team.

See the fee comparison table below:

Broker	Deposit Fee	Withdrawal Fee	Inactivity Fee
GMI	Free	Free	$50/quarter if no activity for 90 days
XM	Free	Free	$15/month after one year of inactivity
FXTM	Free	Free (except bank wire)	$5/month after six months of inactivity
HotForex	Free	Free (except bank wire)	$5/month after six months of inactivity
Pepperstone	Free (except credit card)	Free (except bank wire)	$0 after 12 months of inactivity
IG	Free (except bank transfer)	Free	$18/month after two years of inactivity

Please note that fees may vary based on account type, payment method, and other factors. It's important to check with each broker directly for the most up-to-date and accurate fee information.

Customer Service

GMI provides customer support to its clients through various channels, including email and live chat. Customer service is available 24/5, which means that traders can get in touch with the company's representatives during business days. GMI's customer support team is multilingual, which is helpful for clients who speak languages other than English.

You can also fill in the online contact form to get in touch with GMI. However, the availability and quality of customer support may vary depending on the specific region and the volume of inquiries.

Pros	Cons
• 24/5 customer support via phone, email, chat	• No 24/7 customer support
• Personal account managers	• No physical offices in some regions
• Multilingual support	• No social media support
• Quick response time

Note: Pros and cons may vary based on individual experiences and opinions.

Conclusion

Based on the analysis of GMI, it is a regulated and reputable broker that offers the low minimum deposit requirement, competitive spreads and commissions, and a choice of different account types, as well as good customer support.

One potential downside of GMI is its limited range of trading instruments and educational resources. Additionally, it offers only one trading platform-MetaTrader4. MetaTrader5 is not available.

Overall, GMI is a solid option for traders who prioritize MT4, demo trading and competitive pricing.

Frequently Asked Questions (FAQs)

Q 1:	Is GMI regulated？
A 1:	Yes. GMI is regulated by Financial Conduct Authority - FCA.

Q 2:	Does GMI offer demo accounts？
A 2:	Yes. GMI offers demo accounts with $10,000 virtual capital.

Q 3:	Does GMI offer industry-standard MT4 & MT5？
A 3:	Yes. GMI supports MT4.

Q 4:	What is the minimum deposit for GMI？
A 4:	The minimum initial deposit at GMI to open a Cent account is just $15.

Q 5:	Is GMI a good broker for beginners？
A 5:	Yes. GMI is a good choice for beginners because it offers a wide variety of trading assets with competitive trading conditions on the leading MT4 platform. Also, it offers demo accounts that allow traders to practice trading without risking any real money.