GMT Markets Spreads, leverage, minimum deposit Revealed

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Abstract：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. GMT Markets is licensed by the Australian Securities and Investment Commission (ASIC) with license number 400364.

　　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.