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!
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GMTK Global Pty Limited
Level 4, 493 St Kilda Road, Melbourne, Victoria, Australia 3004
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!
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?
Why is my account frozen
I just followed GMT analyst's adcixe but my account got frozen..Why[3f] I want my money back.Help me
2020/11/12 19:17:34South Korea
High service fee
I bought one lot and it cost me $25 of the service fee. I didn't profit that much.
Unable to withdraw
Do you have to pay tax fee before withdrawal? Why can’t it be deducted from the account? Is it a fraud platform?
GMT Markets is not regulated
GMT Markets is unregulated and is a fraud company! UK's Financial Supervisory Authority (FCA) issued a warning to GMT Markets, an unregulated financial services provider. The provider’s target group is British clients, while it also carries out frauds in other countries, including China. The website is available in both Chinese and English! FCA reminds investors to be wary ofGMT Markets carrying out frauds in other places. This announcement mainly makes investors realize that GMT Markets is a fraud platform. Please investors should not be deceived. Company Name: GMT Markets Limited Address 1: Universal House, 88-94 Wentworth Street, London, E1 7SA Address 2: Hackwood Street, 14 Hackwood Street, Robertsbridge, East Sussex, TN32 5ER Phone: 0203 769 1597 Website: www.gmtmarkets.com Email: firstname.lastname@example.org Company Building Number: 09269674 Please be sure to be careful of this company and avoid being deceived.
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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 Clone
License Type:Market Making(MM)
Regulated in Country/AreaAustralia
Regulatory License No.：400364
Email Address of Licensed Institution :email@example.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
You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'
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.
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.
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.
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.