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GMI , BINANCE JEX Broker Comparison
Do you want to know which is the better broker between GMI and BINANCE JEX ?
In the table below, you can compare the features of GMI , BINANCE JEX 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 forex brokers comparison in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Official Website
Basic Information
Est. Date (years)
Regulatory License
MT4
MT5
Crypto
Deposit/Withdrawal Methods
Trading Env.
Trading Environment Rating
Execution Speed
Trading Speed Rating
Average Execution Speed (ms)
Minimum Execution Latency (ms)
Minimum Open Latency (ms)
Minimum Close Latency (ms)
Maximum Execution Latency (ms)
Maximum Open Latency (ms)
Maximum Close Latency (ms)
Slippage
Slippage Rating
Average Slippage
Max Slippage
Maximum Positive Slippage
Maximum Negative Slippage
Trading Cost
Trading Cost Rating
- Average Trading Cost (USD/Lot)
Swap
Swap Rating
- Average Swap Cost (USD/Lot)
Disconnection Instances
Disconnection Rating
Avg. Disconnection Frequency (/day)
Avg. Reconnection Time (ms)
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
Pin to Left
2.8
Stop of Business
Not Guaranteed
--
--
--
10-15 years
FSC
Supported
Not Supported
Skrill,Neteller,UnionPay,Pix,Bank transfer,fasapay,tether,dragonpay
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--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
Standard Bonus,Standard,CENT,ECN
--
$ 25
1:2000
--
--
--
--
--
Pin to Left
1.56
Not Regulated
Not Guaranteed
--
5-10 years
--
Not Supported
Not Supported
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
Score
Regulatory Status
Stop of Business
Not Regulated
BrokerRelated News
BINANCE JEX 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 and binance-jex 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
| GMI Review Summary | |
| Founded | 2009 |
| Registered | Saint Lucia |
| Regulation | FCA |
| Market Instruments | Gold, silver, crude oil, forex, index |
| Demo Account | ✅($10,000 in virtual funds) |
| Islamic Account | ❌ |
| Account Type | ECN, Cent, Standard, Standard Bonus |
| Minimum Deposit | 15 USD |
| Leverage | Up to 1:2000 |
| Spread | From 0.0 pips |
| Trading Platform | MT4, MT5, GMI EDGE |
| Social/Copy Trading | ✅ |
| Payment Methods | Neteller, Skrill, etc. (vary by the region) |
| Customer Support | 24/5 multilingual - live chat, contact form |
| Email: cs@gmimarkets.com | |
| Regional Restrictions | The USA, EU |
GMI Information
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 registered in Saint Lucia. The broker is regulated by the Financial Conduct Authority (FCA) in the UK. GMI offers a range of trading instruments, including gold, oil, silver, forex, indices, and stock CFDs via the MT4, MT5 and GMI Edge platforms.
Pros & Cons
| Pros | Cons |
| • Regulated by FCA | • Clients from the USA and EU are not accepted |
| • Wide range of account types | • Limited educational resources |
| • Low minimum deposit requirement (15 USD) | • Limited research and analysis tools |
| • Commission-free trading | |
| • MT4 and MT5 trading platforms | |
| • Copy trading feature supported |
Is GMI Legit?
GMI is a regulated forex broker, licensed by Financial Conduct Authority (FCA) in the United Kingdom with license no.677530, 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.
Market Instruments
GMI offers popular markets across different asset classes, including gold, oil, silver, forex, indices, and stock CFDs. Other assets like cryptocurrencies, bonds, options, and ETFs are not available.
| Tradable Assets | Supported |
| Gold | ✔ |
| Oil | ✔ |
| Silver | ✔ |
| Forex | ✔ |
| Indices | ✔ |
| Stock CFDs | ✔ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Types
GMI offers four types of accounts, ECN, Cent, Standard, and Standard Bonus, with a minimum deposit requirement of 15 USD.
| GMI Account Type Features Comparison | ||||
| Account Type | ECN | Cent | Standard | Standard Bonus |
| Suitable for | Professional traders | Beginners | All levels | Promotions |
| Minimum Deposit | 100 USD | 15 USD | 25 USD | 25 USD |
| Max. Leverage | 1:500 | 1:1000 | 1:2000 | |
| Commission | $4 per lot | ❌ | ||
| Contract Size | 100,000 | 1,000 | 100,000 | 100,000 |
| Max. Lot per Trade | 50 | 150 | 50 | |
| Max. Order (MT4 - MT5) | 500 | 200 | 500 | |
| Max. Order (GMI Edge) | 1000 | |||
| Expert Advisor | ✅ | |||
| Swap Free | ✅ | |||
Leverage
GMI offers different maximum leverage ratios for different account types.
| Account Type | Maximum Leverage |
| ECN | 1:500 |
| Cent | 1:1000 |
| Standard | 1:2000 |
| Standard Bonus |
It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads & Commissions
The ECN account charges a commission fee of $4 per lot, while the other accounts do not charge commissions. GMI offers very low spreads, starting from 0.0. Below are the specific spreads for different trading instruments.
| Instrument | Spread (from) | Trading Time |
| EURUSD | 0.0 pips | Monday-Friday : 00:05-24:00 |
| USDJPY | ||
| GBPUSD | ||
| EURGBP | ||
| EURJPY | ||
| XAUUSD | Monday-Friday : 01:00-24:00 | |
| XAGUSD | 0.1 pips | |
| USOUSD | 1.2 pips | |
| UKOUSD | 1.4 pips | Monday-Friday : 03:00-24:00 |
| XNGUSD | 0.3 pips | Monday-Friday : 01:00-24:00 |
| XAUEUR | 0.1 pips | |
| XAGEUR | 0.8 pips | |
| U30USD | 1.6 pips | |
| SPXUSD | 5.1 pips | |
| NASUSD | 0.9 pips | |
| D40EUR | 0.6 pips | |
| 100GBP | 0.9 pips | |
| F40EUR | 1.0 pips | |
| HSIHKD | 3.6 pips | |
| CHN50U | 6.0 pips | |
| US Shares | 0.01 pips | Monday-Friday: 16:30-22:59:50 |
| HK Shares | 0.01 Pips | Morning: 4:30-7:00, Afternoon: 8:00-11:00 |
Trading Platforms
GMI offers its clients three choices of trading platforms, the popular MetaTrader 4, MetaTrader 5, and its proprietary GMI EDGE. Both MT4 and MT5 are equipped with a variety of tools and features for technical analysis, order management, and customization. They also support automated trading with the use of Expert Advisors (EAs). GMI EDGE can be downloaded through Android and Web devices.
Copy Trading
GMI offers copy 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 copy trading platform promotes knowledge sharing and community-driven trading in a simple and accessible manner.
FAQs
Is GMI regulated?
Yes. GMI operates legally, and it is regulated by FCA in the UK.
Does GMI offer demo accounts?
Yes. GMI offers demo accounts with $10,000 virtual capital.
Does GMI offer industry-standard MT4 & MT5?
Yes. Both MT4 and MT5 are available.
What is the minimum deposit for GMI?
15 USD.
Is GMI a good broker for beginners?
Yes. Overall GMI is a good choice for beginners because it offers a wide variety of trading assets with competitive trading conditions on the leading MT4 and MT5 platforms. Also, it offers demo accounts that allow traders to practice trading without risking any real money.
Risk Warning
Online trading carries substantial risk, potentially leading to the total loss of invested funds.
binance-jex
| Aspect | Information |
| Registered Country/Area | China |
| Founded Year | 2-5 years |
| Company Name | BINANCE JEX |
| Regulation | No Regulation |
| Minimum Deposit | N/A |
| Maximum Leverage | N/A |
| Spreads | N/A |
| Trading Platforms | App (iOS and Android), Desktop Client, API integration |
| Tradable Assets | Cryptocurrencies, Spot, Options, Futures |
| Account Types | N/A |
| Customer Support | 24/7 Chat Support, Email Support, Twitter, Facebook |
| Payment Methods | P2P Trading, Credit/Debit Card, Bank Transfer, Third-Party Payment Channels |
| Trading Tools | Binance Convert, Conversion History, Futures Grid, Trading Bots, Spot Grid, Binance OTC |
General Information
Binance JEX is an unregulated cryptocurrency exchange. The platform offers a range of market instruments for trading, with fees varying depending on the type of trading instrument and discounts available for JEX token holders. Binance JEX supports multiple payment methods, including P2P trading, credit/debit card payments, bank transfers, and third-party payment channels.
Binance JEX provides trading platforms for both mobile and desktop devices, allowing users to trade on the go and stay informed about market updates. The exchange also offers API integration for third-party trading applications. To enhance security, Binance JEX provides the Binance Authenticator for 2-Step verification. The platform offers various trading tools such as Binance Convert, Futures Grid, Trading Bots, Spot Grid, and an OTC trading service.
Pros and Cons
| Pros | Cons |
| Wide range of market instruments | Lack of regulatory oversight |
| Access to over 500 cryptocurrencies | Potential for market manipulation and fraudulent activities |
| Options, ETFs, and futures availability | Limited information on lesser-known cryptocurrencies |
| Ability to engage with buy/sell offers | Relatively low fee structure |
| Integration of JEX for expanded offerings | Limited customer protection and legal recourse options |
Is BINANCE JEX Legit?
Binance JEX Exchange is currently not regulated by any valid regulatory authority.
Market Instruments
Binance JEX provides access to a range of market instruments, primarily focusing on cryptocurrency pairs. Traders can choose from over 500 cryptocurrencies, including popular options like BTC, ETH, and XRP, as well as lesser-known cryptos such as NEO, IOTA, and NavCoin.
The platform offers options for trading crypto coins like ETH/BTC, LTC/BTC, JEX/BTC, DASH/BTC, and others. Additionally, traders have access to options, ETFs, and futures. Binance JEX expanded its offerings through the acquisition of JEX, which is now integrated and rebranded as Binance Jex.
Transaction Fees
Binance JEX has a pricing schedule for transaction fees, which can be found on its website.
For crypto coin pairs like ETH/BTC, the maker fee is 0.10% and the taker fee is 0.10%. Users who hold JEX tokens receive a 50% discount on these fees.
When it comes to option trading, both makers and takers are charged a fee of 0.20%. Again, JEX token holders enjoy a 50% discount on these fees. The fees for ETF trading are the same as for options.
For futures trading, the fees differ based on the trading pairs. For BTCUSDT, the maker fee is 0.00% and the taker fee is 0.04%. For ETHUSDT, the maker fee is 0.01% and the taker fee is 0.06%.
Trading Platform
Users can trade on the go and stay informed about market updates with the Binance JEX app and desktop client.
For mobile trading, the Binance JEX app can be downloaded from the App Store for iOS devices or from Google Play for Android devices. The app allows traders to access all the features and functionality of Binance JEX on their smartphones or tablets.
For desktop trading, Binance JEX provides a powerful crypto trading platform that is compatible with Windows, MacOS, and Linux.
Binance JEX also offers API integration, helping traders to connect their own trading applications to the platform. The Binance API is designed to provide a way to integrate trading functionality into third-party applications.
Trading Tools
Binance JEX offers a range of trading tools designed to enhance the trading experience and provide users with various strategies and options.
1. Binance Convert: Binance Convert allows users to instantly convert one cryptocurrency into another within their Binance JEX account. This tool helps exchange cryptocurrencies without the need for placing separate buy and sell orders.
2. Conversion History: Binance JEX keeps a record of users' conversion history, allowing them to track their previous cryptocurrency conversions. This feature provides a reference for users to review their conversion transactions.
3. Futures Grid: Binance JEX offers Grid Trading applied to COIN-M and USD-M contracts in the futures market. Grid Trading enables users to amplify their purchasing power by deploying long/short strategies and taking advantage of sideways markets. This tool helps users automate their futures trading and potentially benefit from market fluctuations.
4. Trading Bots: Binance JEX provides automation tools for trading cryptocurrencies. Users can deploy trading bots to execute trades based on predefined strategies. These bots help users identify and replicate trending strategies and take advantage of the liquidity available on Binance JEX. By using trading bots, users can trade crypto like professional traders.
5. Spot Grid: Spot Grid is a tool that allows users to place buying and selling orders at set intervals across a configured price range. By automating trades using Spot Grid, users can take advantage of volatile markets and potentially optimize their trading outcomes.
6. Binance OTC: Binance JEX offers an over-the-counter (OTC) trading service. OTC trading allows users to trade large volumes of cryptocurrencies directly with Binance, without going through the traditional order book. The OTC trading service provides a more personalized way to execute large trades.
7. OTC Trading History: Binance JEX keeps a record of users' OTC trading history, allowing them to track their previous OTC transactions and review the details of their trades.
Payment Methods
Binance JEX offers several payment methods for users to facilitate trading and transactions. These methods include:
1.P2P Trading: Binance JEX provides a peer-to-peer (P2P) trading platform where users can buy and sell cryptocurrencies directly with other users. P2P trading allows for the use of various payment methods, such as bank transfers, mobile payment apps, and online payment systems, depending on the preferences of the trading parties.
2. Credit/Debit Card: Binance JEX supports credit and debit card payments, allowing users to purchase cryptocurrencies using their cards. By linking their cards to their Binance JEX accounts, users can make instant purchases and quickly access the cryptocurrencies they desire.
3. Bank Transfer: Users can also make deposits and withdrawals on Binance JEX via bank transfers. This payment method enables users to transfer funds from their bank accounts to their Binance JEX accounts or vice versa.
4. Third-Party Payment Channels: Binance JEX may collaborate with third-party payment channels to provide additional payment options to its users. These channels can include various online payment systems, e-wallets, and mobile payment apps.
Customer Support
Users can also reach out to Binance JEX customer support by sending an email to service@email.jex.com.
FAQs
What trading platforms does Binance JEX offer?
Binance JEX offers a mobile app for iOS and Android devices, a desktop client for Windows, MacOS, and Linux, and API integration for connecting third-party trading applications.
What trading tools are available on Binance JEX?
Binance JEX offers tools such as Binance Convert for instant cryptocurrency conversion, Conversion History for tracking previous conversions, Futures Grid for automated futures trading, Trading Bots for executing predefined strategies, Spot Grid for automated trading in volatile markets, and Binance OTC for personalized large-volume trades.
What payment methods are accepted on Binance JEX?
Binance JEX supports P2P trading, credit/debit card payments, bank transfers, and may collaborate with third-party payment channels to offer additional options.
Do gmi and binance-jex 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 and binance-jex are, we first considered common fees for standard accounts. On gmi, the average spread for the EUR/USD currency pair is -- pips, while on binance-jex the spread is --.
Which broker between gmi, binance-jex 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 FSC. binance-jex is regulated by --.
Which broker between gmi, binance-jex 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 the Standard Bonus,Standard,CENT,ECN platform with products like --; binance-jex offers the -- platform featuring assets including --.
