Retail Forex License
No restriction on the broker account. Provide service support by WikiFX
Trading environment rating source: real trading data of 95,095 WikiFX VPS users
Most visited countries/areas
Free CompensationMore details
Scan to Download
The Vanuatu Financial Services Commission (VFSC) was formally established in December 1993, after the Vanuatu Parliament enacted the Vanuatu Financial Services Commission Act No. 35 of 1993. Previous to this, the VFSC was the Registrar of Companies and the Official Receivership Department of the Treasury since 1971 under the then, British Administration and after independence in July 1980, the Ministry of Finance and Economic Management. The VFSC has set up four departments, namely Corporate Services, Legal Enforcement & Insolvency, Supervision and Registration.
Current Status:Offshore Regulatory
License Type:Retail Forex License
Regulated in Country/AreaVanuatu
Regulatory License No.：14647
Email Address of Licensed Institution :--
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :--
Phone Number of Licensed Institution :--
WikiFX only provides the legal URL of the platform published by the regulatory website.
WikiFX will not disclose your personal information to third parties.
In order to prevent users from being spoofed by phishing websites, fake URLs or domain name hijackings, WikiFX doesnt provide the content though this app.
The use of any service by the client through the official website access channel provided by WikiFX is a personal behavior. Please ensure that you have undergone sufficient preparation and risk management before use.
You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'
GENERAL INFORMATION AND REGULATION
GMI Edge is a relatively new, unregulated forex broker (founded in 2018) that provides online trading via MetaTrader 4 (MT4) on a limited number of assets.
GMI Edge provides online Forex and CFD trading with competitive trading conditions through the MetaTrader 4 platforms. They have a range of account funding options but lack in educational materials and additional trading tools. They do not offer any individual stocks or cryptocurrency trading whilst spreads can incur a mark-up on the commission free accounts. They are also regulated offshore and do not accept clients from certain countries including the UK and USA.
When we weighted the advantages of GMI Edge, the one that stands out is that one of the members of the GMI Group holds a license with the UKs Financial Conduct Authority (FCA). Generally speaking, if you deal with a broker regulated in the UK, you should feel pretty secure for your funds at the company. However, it seems that this is not the case with GMI Edge.
Although one of the members of the GMI group holds an FCA license, if you contract GMI Edge, you are actually dealing with an offshore broker, registered in Vanuatu
GMI Edge offers over 50 FX currency pairs including major, minor and exotic crosses. The broker also has a modest selection of CFDs on precious metals and energies. The trading brokers team found the asset range lacking when compared with some of the best trading brokers. There are currently no stocks or cryptocurrencies for trading online.
The broker has around 50 forex currency pairs with competitive spreads, minimal requotes and leverage up to 1:2000.
They offer precious metals through silver and gold trading.
GMI Edge offers 8 global stock indices with 1:50 leverage and zero commission on the standard account: US30, SP500, US100, UK100, GE30, FR40, HSIHDK and CHN50U.
Trade long or short on oil and gas with leverage of up to 1:100.
ACCOUNT AND LEVERAGE
Forex and CFD brokerage GMI Edge offers its clients a choice of several account types and access to the popular MT4 platform:
• Standard (starting from $25)
• Cent (starting from $15)
• ECN (starting from $100)
All with the same leverage of 1:200.
The Broker has a minimum trade size of 0.01 lots and Maximum of 50 lots size.
SPREADS AND COMMISSIONS
Unlike most decent brokers who present clearly their pricing and trading conditions, GMI Edge has not disclosed its spreads on the website. This is a very rare industry practice and it is usually specific to a small bucket shop or a scam broker.
TRADING PLATFORM AVAILABLE
Clients of GMI Edge are offered access to the most widespread FX trading platform worldwide, the MetaTrader 4 (MT4). It is equipped with technical analysis indicators, an advanced charting package, a wide range of Expert Advisors (EA), allowing clients to automate their trades, and an extensive back-testing environment.
DEPOSIT AND WITHDRAWAL
GMI Edge have a choice of convenient methods for depositing and withdrawing funds from your trading account. This includes bank transfer and online payment systems such as Neteller, Skrill and Perfect Money. The broker can also accept cryptocurrency payments through Bitcoin. Please be aware that some methods may only be available to specific countries and not all are available for both deposit and withdrawal.
To withdraw funds from your trading accounts, you will need to login to the Members Area, click “Withdrawal” from the menu, and select your preferred transfer option.
All withdrawal requests submitted will be instantly reflected in the clients trading account as pending withdrawals and amounts will be deducted from your MT4 accounts.
Withdrawals under US$1,000 will be processed instantly and sent to payment providers for verification.
Withdrawals from US$1,000 till US$19,999 will require manual approval and be sent to payment providers for verification within 24 hours depending on the method chosen by the client, and providing requests meet all appropriate risk / AML requirements. Withdrawals over US$20,000 may take up to 4 business days.
As per their risk management procedures, GMI Edge will only process withdrawal/refunds back to the source of the original deposit and or in the proportion in which deposits where made from those sources
GMI Edge customer support is available via email, telephone and live chat. There is an online contact form if you wish to send them a message directly.
CUSTOMER SUPPORT: 1800 282260
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.