WikiFX Reviews GMI Markets | Trustworthy or Not?

Background:

Established in 2009, GMI (Global Market Index) specializes in providing customers with fast and stable order execution using the latest technology. GMI offers a wide range of tradable assets, including currency pairs, gold, silver, crude oil, and global indices.

GMI's business has expanded to over 30 countries, accumulating over 1 million users and 7 trading centres around the world.

In addition, GMI provides copy trading services, allowing novice or busy traders to easily profit by replicating the trades of successful traders.

It is worth mentioning that GMI has received several industry awards, including Best Liquidity Provider Platform, Best Broker Support for Traders, Best Trading Platform for Traders, and Best Trading Environment for Traders.

Accounts Offered:

GMI platform offers 3 types of swap-free accounts:

• ECN Account requires a minimum deposit of $100 and allows a leverage of up to 1:500 with a minimum spread of 0. Its commission charges start from $4 per lot.

• Cent account is suitable for beginners as it only requires a bare minimum deposit of $15 while offering a leverage of up to 1:1000 with zero commissions.

• Standard account offers leverage of up to 1:2000 with zero commissions. The minimum deposit is $25.

Deposit and Withdrawal Methods:

Deposit and withdrawal methods available are subject to the residential country of each trading client respectively. For Malaysian users, GMI offers 3 types of deposit and withdrawal methods, including local bank transfers, Skrill and Neteller. Compared to other brokers, GMIs options in this regard are indeed limited.

Trading Platform:

The only trading platform offered by GMI is MT4. MT4, developed by MetaQuotes, is a highly regarded trading platform that provides the best experience for traders who value powerful, intuitive, and comprehensive trading. In addition to various advanced features and tools, the platform also offers EA functionality to enhance users' automated trading efficiency. Users can choose the desktop, mobile, or web version of MT4 for trading.

Educational Resources:

GMI does not provide any educational resources. While brokers are not obligated to offer such resources, this is a drawback compared to other brokers that provide comprehensive courses.

Customer Service:

GMI provides 24/5 online customer service in multiple languages, allowing customers to receive the necessary support and assistance anytime. Supported languages include English, Spanish, Thai, etc. Customers can also contact GMI through the email address cs.global@gmimarkets.com. Alternatively, customers can submit messages or questions on GMI's official website and wait for the customer service response.

WikiFXs Verdict:

WikiFX is a global forex broker regulatory query platform that houses verified information of over 46,000 forex brokers. We research, review and rate forex brokers from various aspects to prove their credibility.

From here, it is stated that GMI has a WikiScore of 7.43 out of 10, which means this is a fairly reliable broker.