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    GMT Markets

    • Australia Australia
    • 2-5 years
    • Suspicious Regulatory License
    • MT4/5 full license
    • Chinese market only
    • High potential risk
    Open Account
    WikiFX Score
    Comparison

    The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!

    VPS Standard

    No restriction on the broker account. Provide service support by WikiFX

    • Single Core

    • 1G

    • 40G

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    Broker Information

    Company Name

    GMTK Global Pty Limited

    Phone of the company

    1800468658

    Company website
    http://gmtmarkets.com.au/
    Customer Service Email Address

    info@gmtmarkets.com

    Company address

    Level 4, 493 St Kilda Road, Melbourne, Victoria, Australia 3004

    Pyramid scheme complaint
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    Warning: Low score, please stay away! 3
    2022.05.28

    It has been verified that this broker currently has no valid regulatory, please be aware of the risk!

    The AustraliaASIC regulatory (license number: 400364) claimed by this broker is a suspicious clone, please be aware of the risk!

    Resolved

    Induce to deposit! Unable to withdraw at the end.

    GMT? fast withdrawal? Don't question the platform ? Say a bunch of useless words.What the hell you doing with not withdrawing for me?

    小黄

    2021/12/1 0:41:59

    Australia
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    Delivery Index

    Mkt. Analysis

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    GMT Markets

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    Australia Securities & Investment Commission

    Australia Securities & Investment Commission (ASIC)

    The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that acts as Australia's corporate regulator, which was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. ASIC's authority and scope were determined by the Australian Securities and Investments Commission Act, 2001.

    • Licensed Institution :

      GMTK GLOBAL PTY LIMITED

      Effective Date :

      2011-05-13
    • Email Address of Licensed Institution :

      info@gmtmarkets.com

      License Type:

      No Sharing
    • Website of Licensed Institution :

      --

      Expiry Date :

      --
    • Address of Licensed Institution :

      Level 4, 493 St Kilda Road, MELBOURNE VIC 3004

      Phone Number of Licensed Institution :

      1800 468 658
    • Licensed Institution Certified Documents :

      Annex1 Annex2 Annex3 Annex4 Annex5 Annex6

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    GMT Markets

    根據香港證券及期貨事務監察委員會的規定

    為確保您查看資訊及時性和準確性,我們將為您跳轉到相關的監管資訊頁面

    WikiFX·pyramid scheme complaint
    1  Know about pyramid scheme  >
    2  Pyramid scheme complaint   >
    3  Done
    1. What is pyramid scheme complaint?
    With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
    2. 10 Features of Pyramid Scheme
    High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
    Report immediately
    Report This Platform
    GMT Markets
    * Contact number
    0086
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    *Reporting Reasons

    *Enter your reason
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    Submit successfully!

    You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

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    GMT Markets · Company summary

      General Information& Regulation

      GMT Markets is a provider of Forex & CFD trading services which was granted in 2011. GMT Markets is the registered business name of GMTK Global Pty. Ltd. , licensed and regulated by the Australian Securities and Investment Commission (ASIC) with license number 400364. GMT Markets is also a member of the Australian Financial Complaints Authority (AFCA), as well as a member of the External Dispute Resolution Scheme in Australia which handles all retail clients complaints. GMT Markets provides traders with a range of financial markets on MT4 platform, including forex trading, commodities trading, and precious metals.

      Market Instruments

      GMT Markets offers its clients 32 forex pairs with some exotic currencies like the Singapore Dollar and the Chinese Yuan. The broker also offers CFDs on spot metal like silver and gold, energy commodities like oil and natural gas, agricultural commodities like cotton, cocoa, sugar, and coffee, as well as the US Dollar Index. Still as we do not see any crypto assets in the list.

      Minimum Deposit of GMT Markets

      There seems only one Standard account type, with the minimum deposit is $500, which is much higher than the sector average. Most brokers require a $250 minimum deposit for a standard account. Moreover, a demo account is also available for new traders to exercise their trading skills, to make preparation for a live account.

      Leverage

      The European Securities and Markets Authority (ESMA) reduced the maximum leverage allowed for forex trading in the European Union up to 1:30. Similar regulators reduce the maximum leverage ratio in the US to 1:50 and in Japan to 1:25.

      Spreads & Commissions

      We did not found much spreads related details on GMT Markets website. The spreads are fixed 1.5 pips on EUR/USD, which is quite in line with the industry standard.

      Trading Platform of GMT Markets

      GMT Markets provides the most popular trading platform MetaTrader 4, whichi is available for Windows, Apple devices, and Android devices. MT4 remains still the most popular trading platform because it is light and reliable, featuring an user-friendly interface, various charting tools and more than 50 market indicators.

      Deposit & Withdrawal

      There are several deposit and withdrawal options accepted by GMT Markets. Traders may deposit or withdraw via MasterCard, Visa, bank/wire transfer, UnionPay, Bpay, Poli Internet Banking. Some popular e-wallet systems are missing such as Neteller, Skrill, and Paypal. There is no Bitcoin and other cryptocurrencies option too.

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    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.