GMI , EightCap Broker Comparison

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

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

  • WikiFX rating
  • Basic Information
  • Benchmark
  • Account
  • Relevant information
  • Relevant exposure
  • WikiFX rating
  • Basic Information
  • Benchmark
  • Account
  • Relevant information
  • Relevant exposure
 2 / 3   brokers in total
WikiFX rating
Score
Regulatory Status
WikiBit Guarantee
WikiFX Survey
Risk Evaluation
WikiFX exposure
Basic Information
Established
Regulatory license
MT4
MT5
Cryptocurrency
Deposit and withdrawal method
Benchmark
Transaction environment rating
Transaction Speed
Transaction speed rating
Average transaction speed
The highest transaction speed
The highest speed of opening positions
The highest speed of closing position
Slowest transaction speed
The lowest speed of opening positions
The lowest speed of closing position
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Rollover Cost
Rollover cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time
Account
Accounts
Account name
Products
Funding Requirement
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum position
Cryptocurrency
Lock postition
Scalping
EA trading
7.36
Regulated
Under guarantee
--
--
--
5-10 years
FCA,VFSC
--
AAA
A
420.1
63
172
63
1974
1974
1908
AA

EURUSD: 0.1

XAUUSD: --

29
-6
29
A
14.52 USD/Lot
28.43 USD/Lot
AAA

Long: -6.54

Short: 4.7

Long: -0.01

Short: 0.01

AAA
0.3
165.2
Standard Bonus,Standard,Cent,ECN
--
$25
1:2000
--
0.00
--
--
--
7.54
Regulated
Under guarantee
10-15 years
ASIC,FCA,VFSC,SCB
UnionPay,USDT,Wire transfer
AAA
AAA
268.4
9
9
33
1988
1969
1988
A

EURUSD: 0.6

XAUUSD: 0.2

29
-1
29
AAA
7.74 USD/Lot
13.65 USD/Lot
AA

Long: -7.47

Short: 5.07

Long: -13.9

Short: 10.76

C
1.1
111.4
Raw,Standard
--
$100
--
From 0.0
50.00
varied
0.01
--

GMI 、 EightCap BrokersRelevant information

EightCap BrokersRelevant exposure

Which broker is more reliable?

You can determine the reliability and credibility of a broker by checking four factors:

1.Forex broker introduction。

2.Are the transaction costs and expenses of gmi, eightcap, and undefined lower?

2.Are the transaction costs and expenses of gmi, eightcap lower?

3.Which broker is safer?

4.Which broker provides better 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

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.

Markets Instruments

GMI supports over 50 common financial instruments ranging from gold to forex, mainly over 40 major currency pairs, gold, silver, energy, indices, and cryptocurrencies.

Minimum Deposit

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.

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Leverage

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.

Trading Platforms

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.

Trading Hours

Global Market Index follows standard office hours and 24-hour trading hours Monday to Friday. With that said, trading sessions may vary by market.

Customer Support

GMI offers a range of customer support options, available 24/5 via online contact form, telephone at 400-606-3399, email at cs@gmimarkets.com, live chat engines accessible from the relevant logos on the contact us webpage.

eightcap

Basic Information & Regulators of Eightcap

Eightcap Group was established in 2009 in Melbourne, Australia's traditional financial center. The company's management team consists of elites who have over 20 years of experience in the forex and financial fields in investment banks and are committed to providing traders with a fair, transparent, and trustworthy trading environment. The company currently holds a full license from the Australian Securities and Investments Commission (ASIC) and a retail forex license from the Vanuatu Financial Services Commission (VFSC)...

Safety Analysis

Eightcap Group is regulated by the Australian Securities and Investments Commission (ASIC), the world's leading regulatory body, and separates client funds from the company's operating funds, which are held in client trust accounts in AA-rated banks around the world.

Market Instruments of Eightcap Forex

Eightcap offers mainstream and popular financial instruments in the global financial markets, including forex (42 currency pairs), indices, precious metals (gold, silver), crude oil. Trading hours for all Forex currency pairs are 24 hours, but to avoid the market's low liquidity of around 00:00 platform time and the resulting high spreads, the market is closed for 5 minutes from 00:00 to 00:05 platform time every day.

Leverage & Account

To meet investors' various investment needs and strategies, the company has set up Standard Commission-Free Accounts and Raw Spread Accounts. The minimum deposit for a standard commission-free account is $200 or its currency equivalent, while the minimum deposit for a raw spread account is $500 or its currency equivalent. Both accounts have a maximum leverage of 1:400.

Spreads & Commission Fees Eightcap Forex Broker

Forex has the most competitive spreads in the market due to its fully transparent and open pricing model. The minimum spreads for standard commission-free accounts start from 1.0 pips and 0.0 pips for raw spread accounts. The minimum spread for indices, precious metals products is 0.5 pips and for crude oil is 1.0 pips. The commission of the raw spread account is US$7 per standard lot. SWAPs are calculated in the early morning hours of each trading day at exactly the same time. The market is closed on Saturday and Sunday, so SWAPs on Wednesdays are three times higher than usual.

Trading Platform Applied

Eightcap uses the popular MT4 trading platform, which has a mobile application for Apple and Android smartphones and tablets, allowing traders to view live charts, place orders, and track trade history using their mobile devices and the desktop version of MT4.

Deposit & Withdrawal

Eightcap offers investors various safe and convenient ways to deposit and withdraw funds, mainly China UnionPay, bank wire transfers, Visa/MasterCard credit cards, Skrill e-wallets, and POLi. The company does not charge any fees for deposit and withdrawal, but the bank may charge users paying from non-Australian banks a fee.


Are the transaction costs and expenses of gmi, eightcap, and undefined lower?

Are the transaction costs and expenses of gmi, eightcap lower?

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 fully understand how much will gmi, eightcap, undefined cost, we first consider the common costs of standard accounts. At gmi, the average spread of EURUSD currency pairs is --, at eightcap, the spread is From 0.0, and at undefined, the spread is --.

To get a comprehensive understanding of how cheap or expensive gmi and eightcap are, we first considered common fees for standard accounts. On gmi, the average spread for the EUR/USD currency pair is -- pips, while on eightcap the spread is From 0.0.

Which broker between gmi, eightcap, and undefined is safer?

Which broker between gmi, eightcap 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 is regulated by FCA,VFSC. eightcap is regulated by ASIC,FCA,VFSC,SCB. undefined is regulated by undefined.

gmi is regulated by FCA,VFSC. eightcap is regulated by ASIC,FCA,VFSC,SCB.

Which broker between gmi, eightcap, and undefined provides better trading platform?

Which broker between gmi, eightcap 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 provides trading platform including Standard Bonus,Standard,Cent,ECN and trading variety including --. eightcap provides trading platform including Raw,Standard and trading variety including --. undefined provides trading platform including undefined and trading variety including --.

gmi provides trading platform including Standard Bonus,Standard,Cent,ECN and trading variety including --. eightcap provides trading platform including Raw,Standard and trading variety including --.

Looking for more references? The following are other comparisons related to gmi, eightcap, undefined:

Looking for more references? The following are other comparisons related to gmi, eightcap:

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