Global Forex Broker Regulatory Inquiry APP

Score

1.49 /10
Danger

GSI

United Kingdom

2-5 years

Suspicious Regulatory License

MT4/5 White Label

High potential risk

C

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Comparison

Quantity 5

Exposure

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Website

Score

License Index 0.00
Business Index 6.84
Risk Management Index 0.00
Software Index 4.00
Regulatory Index 0.00
The WikiFX Score of this broker is reduced because of too many complaints!
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Website

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Warning

ID BAPPEBTI
2022-02-02
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Contact number

English

+44 203 150 1767

Broker Information

More

Company Name

GSI Markets

Company Abbreviation

GSI

Platform registered country and region

United Kingdom

Company website

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Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2023-05-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 5 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
Expose
GSI · Company summary

General Information& Regulation

GSI Markets is an online trading broker owned by Media Force Limited and located at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands, MH 96960. The firm is incorporated under registration number 19085 by the Registrar of Business Enterprises Marshall Islands Internationals.

Market Instruments

GSI Markets offers investors a range of financial instruments including over 50 forex currency pairs, indices, CFDs and commodities.

Accounts & Leverage

GSI Markets offers customers four account types: Silver ECN Account, Gold ECN Account, Platinum ECN Account and Islamic Account. The maximum leverage is 1:100.

Spreads & Commissions

For ECN Accounts, the average spread for EURGBP is 1.4 pips, EURJPY 1.8 pips, EURUSD 0.7 pips, GBPJPY 2.9 pips, GBPUSD 1.4 pips, USDJPY 0.8 pips. The commission for Silver ECN is 200$ per 1M Half Turn, Gold ECN 80$ per 1M Half Turn, and Platinum ECN 50$ per 1M Half Turn.

Trading Platform

GSI Markets uses MetaTrader 4 (MT4), WebTrader and Sirix as its trading platforms. The GSI Markets MT4 is available in desktop-client, mobile app, and web version. Sirix complements MT4 and is an equally useful trading platform, especially for traders who are into social trading.

Deposit & Withdrawal

The payment methods include wire/bank transfer, VISA, Mastercard, Skrill, AstroPay, online bank transfer and credit/debit cards. The minimum deposit and withdrawal limit is USD/EUR/GBP 250 across all payment methods. The maximum amount you can deposit using cards is USD 10,000 while bank transfers have no deposit limit. All withdrawals are subjected to a maximum withdrawal limit of USD 200 except for bank wire which has no limit. In case of excess amounts, the funds will be credited to your bank account through a bank transfer.

Accepted Countries

GSI Markets does no accept US traders.

Customer Service

GSI Markets offers its customers 24/7 customer support as well as a multi-lingual live chat facility.

Research & Education

GSI Markets brokerage offers a selected group of lessons open to traders in the education center section. These lessons are free of charge. It also has additional sets of tools that will make trading easier. These include an economic calendar, calculator, and a Bitcoin buy/sell meter that acts as a signal provider.

Risk

Forex currency trading is a high-risk activity and is not suitable for everyone. By trading with Gsimarkets.com or any other broker, you put yourself at risk of heavy losses. Prior to getting started in any kind of trading, it is important for you to consider your personal circumstances, your attitude to risk, your existing experience and your long-term goals.

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Mim Prachumphan
more than one year
To be honest, when I choose a forex broker, I will choose those who provide MT4, but this does not mean that this is my only criterion. On the contrary, I have many factors to consider, the most important of which is safety. And GSI doesn't seem to meet my requirement.
2023-02-22 11:39
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