|Suspicious Clone
WikiFX Score
Australia
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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!
1800468658
info@gmtmarkets.com
https://www.facebook.com/gmtmarketsau
https://twitter.com/GMT_Markets
Level 4, 493 St Kilda Road, Melbourne, Victoria, Australia 3004
VPS Standard
No restriction on the broker account. Provide service support by WikiFX
Single Core
1G
40G
Company Name
GMTK Global Pty Limited
Phone of the company
1800468658
Company website
Twitter
Customer Service Email Address
info@gmtmarkets.com
Company address
Level 4, 493 St Kilda Road, Melbourne, Victoria, Australia 3004
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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!
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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.
Current Status:
Suspicious CloneLicense Type:
Market Making(MM)Regulated in Country/Area
Regulatory License No.：
400364Email Address of Licensed Institution :
info@gmtmarkets.comLicense Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
Level 4, 493 St Kilda Road, MELBOURNE VIC 3004Phone Number of Licensed Institution :
1800 468 658
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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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