GMI

Based on the latest data, GMI has a core score of 1.26 out of 10, indicating a high-risk profile. The broker's UK FCA license has been revoked, and its Vanuatu VFSC licenses are either revoked or unverified. The only active license is a Securities Trading License from the Mauritius FSC. Numerous user complaints report withdrawal issues, slippage, and account access problems. Given these factors, GMI is not considered safe or reliable at this time.

GMI holds an active Securities Trading License from the Financial Services Commission (FSC) of Mauritius (license number C118023454). However, its UK Financial Conduct Authority (FCA) license (number 677530) and Vanuatu Financial Services Commission (VFSC) licenses (numbers 14646, 14647) have been revoked or are unverified. The regulatory status is cited as 'Stop of Business'.

The minimum deposit for Standard and Standard Bonus accounts is $25, for the CENT account it is $15, and for the ECN account it is $100.

The broker data does not explicitly state support for MT4 or MT5. It is not currently publicly specified whether GMI offers these platforms.

Pros: Offers multiple account types including Standard, CENT, and ECN; supports scalping, EA trading, and Islamic accounts; leverage up to 1:2000. Cons: Very low overall score (1.26); major regulatory licenses revoked; numerous user complaints about withdrawal delays, slippage, and unfair execution; registered in a suspicious operational region (Saint Lucia); business status is 'Stop of Business'.

Yes, there are multiple user complaints against GMI. Complaints include: withdrawal funds not credited or stuck in third-party wallets, slippage and spread manipulation causing losses, server delays leading to missed trades, account takeovers with loss of funds, and lack of response from customer support. Many complaints date from late 2024 to 2025.

It is not publicly specified whether GMI accepts clients from the US region. Given its current regulatory status, it is unlikely to be offered to US residents.

No, GMI is not suitable for beginners. The broker has a very low safety score, revoked major licenses, a history of user complaints regarding withdrawals and execution, and has ceased retail operations as of December 2025. Beginners should avoid high-risk brokers and consider more reputable alternatives.

GMI offers four account types: Standard Bonus, Standard, CENT, and ECN. Differences: Standard Bonus and Standard accounts require a $25 minimum deposit and offer maximum leverage of 1:2000; CENT account requires $15 minimum and up to 1:1000 leverage; ECN account requires $100 minimum and up to 1:500 leverage. All accounts support scalping, EA trading, and Islamic accounts.

GMI offers leverage up to 1:2000 on Standard accounts, 1:1000 on CENT, and 1:500 on ECN accounts. Such high leverage significantly amplifies both potential gains and losses, and combined with the broker's low safety rating and regulatory issues, the risk is extremely high. Traders are advised to exercise extreme caution.

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.