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GMI Edge , FXTF Broker Comparison

Do you want to know which is the better broker between GMI Edge and FXTF ?

In the table below, you can compare the features of GMI Edge , FXTF side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Trading Env.
  • Account Info
  • Related News
  • Relevant Exposures
  • Rating
  • Basic Information
  • Trading Env.
  • Account Info
  • Related News
  • Relevant Exposures
 2 / 3  forex brokers comparison in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Est. Date
Regulatory License
MT4
MT5
Crypto
Deposit/Withdrawal Methods
Trading Env.
Trading Environment Rating
Execution Speed
Trading Speed Rating
Average Execution Speed
Minimum Execution Latency
Minimum Open Latency
Minimum Close Latency
Maximum Execution Latency
Maximum Open Latency
Maximum Close Latency
Slippage
Slippage Rating
Average Slippage
Max Slippage
Maximum Positive Slippage
Maximum Negative Slippage
Trading Cost
Trading Cost Rating
  • Average Trading Cost
  • (EURUSD)
  • Average Trading Cost
  • (XAUUSD)
Swap
Swap Rating
  • Average Trading Cost
  • (EURUSD)
  • Average Trading Cost
  • (XAUUSD)
Disconnection Instances
Disconnection Rating
Avg. Disconnection Frequency (/day)
Avg. Reconnection Time
Account Info
Accounts
Account Name
Trading Instruments
Minimum Deposit
Maximum Leverage
Typical Spread
Stop-Out Level
Spread Types
Minimum Trade Size
Crypto
Lock Position
Scalping
EA Trading
GMI Edge
1.58
Unverified
Under guarantee
--
--
5-10 years
VFSC
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
Standard (Bonus),ECN,Cent,Standard
--
$25
--
--
60.00
Variable
0.01
--
FXTF
8.38
Regulated
Under guarantee
--
15-20 years
FSA
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--

GMI Edge 、 FXTF BrokerRelated News

FXTF BrokerRelevant Exposures

Which broker is more reliable?

To evaluate a broker's reliability and trustworthiness, consider the following four factors:

1.Forex broker introduction。

2.Do gmi-edge and fxtf have lower transaction costs?

3.Which broker is safer?

4.Which broker offers the best trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

gmi-edge
GMI Edge Review Summary
Founded2009
Registered Country/RegionVanuatu
RegulationVFSC (Unverified)
Market InstrumentsGold, Oil, Silver, Forex, Indices, and Stocks
Demo Account
LeverageUp to 1:2000
SpreadFrom 0.0 pips
Trading PlatformMT4, MT5, GMI EDGE, Multi - Account Manager (MAM)
Minimum Deposit$15
Copy Trading
Customer Support24/5 support
Email: cs.global@gmimarkets.com
Contact form, live chat
Regional Restrictionsthe USA, EU, Sanctioned and High Risk Jurisdictions

GMI Edge is a broker founded in 2009 and registered in Vanuatu with an unverified license from VFSC. It offers various instruments: Gold, Oil, Silver, Forex, Indices, and Stock CFDs. It also provides multiple account types: ECN Account, CENT Account, Standard Account, and a demo account, with a low minimum deposit of $15 (for the CENT account). Moreover, GMI Edge offers competitive spreads starting from 0.0 pips, high leverage of up to 1:2000, and access to MT4, MT5, GMI EDGE, and Multi-Account Manager (MAM).

info

Pros and Cons

ProsCons
Demo account availableUnverified license
A wide range of productsWithdrawal fee charged
Multiple customer support channels
Low minimum deposit
MT4 & MT5 platform
Copy trading supported

Is GMI Edge Legit?

At present, GMI Edge holds a unverified Retail Forex License from the Vanuatu Financial Services Commission (VFSC). Please pay high attention to the safety of your funds if you choose this broker.

Regulated CountryRegulated AuthorityCurrent StatusRegulated EntityLicense TypeLicense Number
VanuatuVanuatu Financial Services Commission (VFSC)UnverifiedGlobal Prime LimitedRetail Forex License14647
license

What Can I Trade on GMI Edge?

On GMI Edge, you can trade with Gold, Oil, Silver, Forex, Indices, and Stocks.

Tradable InstrumentsSupported
Forex
Commodities
Indices
Cryptocurrencies
ETFs
Bonds
Mutual Funds
assets

Account Type

GMI Edge provides ECN Account, CENT Account, Standard Account, and Demo Account. And the min deposit requirement is as low as $15 (CENT account).

Account TypeMinimum Deposit
ECN$100
CENT$15
Standard$25
Account Type

Leverage

The maximum leverage is up to 1:2000. However, note that high leverage amplifies both profits and losses.

Account TypeLeverage
ECNUp to 1:500
CENTUp to 1:1000
StandardUp to 1:2000

Fees

Account TypeSpreadsCommission
ECN0.0 pips$4 per lot
CENT0.0 pipsNo Commission
Standard0.0 pipsNo Commission
Fees

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
MT4Windows, MacOS, iOS, Android, WebBeginners
MT5Windows, MacOS, iOS, AndroidExperienced traders
GMI EDGEiOS, Android, Web/
Multi-Account Manager (MAM)//
Trading Platform

Deposit and Withdrawal

Payment OptionsDeposit FeeMinimum DepositDeposit Processing TimeWithdrawal FeeMinimum WithdrawalWithdrawal Processing Time
Local Bank Transfer15 USDInstant50 MYRBetween 8 am to 6 pm daily
Neteller10 USDInstant4%10 USDInstant
Skrill10 USDInstant4%10 USDInstant
Deposit and Withdrawal
Deposit and Withdrawal

fxtf

FXTF Information

Founded2006
Registered Country/RegionJapan
RegulationFSA
Market InstrumentsCryptocurrency CFDs, Commodity CFDs, option, Forex
Account TypeIndividual Account, Corporate Account
Trading PlatformMT4 trading system, GX trading system
Customer SupportPhone: 0120-445-435
Email: support@fxtrade.co.jp

FXTF Information

FXTF, founded in 2006, is a brokerage registered in Japan. The trading instruments it provides cover cryptocurrency CFDs, commodity CFDs, option, forex. It is regulated by Japan.

FXTF Information

Pros and Cons

Pros Cons
RegulatedNo commission information
Wide range of trading instrumentsNo clear information about accounts
2 types of trading systemsLimited account types offered
Low spreadsNo Islamic account

Is FXTF Legit?

FXTF is regulated by FSA in Japan. Its current status is regulated.

Regulated CountryRegulated AuthorityRegulated EntityLicense TypeLicense NumberCurrent Status
JapanFSAゴールデンウェイ・ジャパン株式会社Retail Forex License関東財務局長(金商)第258号Regulated
Is FXTF Legit?

What Can I Trade on FXTF?

FXTF offers traders cryptocurrency CFDs, commodity CFDs, option, forex to trade.

Tradable Instruments Supported
Cryptocurrency CFDs
Commodity CFDs
Option
Forex
Stocks
Metals
Indices
Futures
What Can I Trade on FXTF?

Account Types

FXTF offers 2 different types of accounts to traders - Individual Account, Corporate Account. But there is no more information about accounts.

Trading Platform

FXTF's trading platforms are MT4 trading system, GX trading system, which support traders on PC, Mac, iPhone and Android.

Trading PlatformSupported Available Devices
MT4 Margin WebTraderWeb, Mobile
GX trading systemWeb, Mobile
MT5
Trading Platform

Do gmi-edge and fxtf have lower transaction costs?

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 gmi-edge and fxtf are, we first considered common fees for standard accounts. On gmi-edge, the average spread for the EUR/USD currency pair is -- pips, while on fxtf the spread is --.

Which broker between gmi-edge, fxtf is safer?

To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.

gmi-edge is regulated by VFSC. fxtf is regulated by FSA.

Which broker between gmi-edge, fxtf provides better trading platform?

When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.

gmi-edge provides the Standard (Bonus),ECN,Cent,Standard platform with products like --; fxtf offers the -- platform featuring assets including --.

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