Offshore Regulatory

GMI

5-10 years

Regulated in Vanuatu

Retail Forex License

MT4/5 full license

Website

https://gmimarkets.com https://gmimarkets.com https://www.gmimarkets.com

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Rating

0 1 2 3 4 5 6 7 8 9

/10.00

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Licenses

Retail Forex License

VFSC Offshore Regulatory



Investment Advisory License

FCA Exceeded



Overview

Company Name:
Global Market Index Limited
Company Abbreviation:
GMI
Place of registration:
United Kingdom
Regulatory Status:
Offshore Regulatory
Customer Service Email Address:
cs@gmimarkets.com
Customer Service Phone Number:
+64.9.889.3343
Company summary
GeneralInformation&RegulatorsofGMIGMI(GlobalMarketsIndex)wasestablishedin2009andhasbeenoperatingin8differentcountriesworldwideforoveradecade.GMIhasaccumulatedoveradecadeofexperienceinservingtradersworldwide.GMIisauthorizedandregulatedbytheUKFinancialConductAuthority(licensenumber:677530)andalsoregulatedbytheVanuatuFinancialServicesCommissionoffshore.SafetyAnalysisofGMIGMIiscurrentlyregulatedbytheFCAintheUKandtheVFSCinVanuatuoffshore,sothereremainsacertainsecuritylevel.TheleverageofferedbyGMIisrelativelyhigh,andinvestorsshouldbecarefultousehighleveragetoavoidtherisksoflosingmoney.Moreover,theofficialwebsiteofGMIshowsnodetaileddescriptionofdepositandwithdrawalfees.MarketsInstrumentsGMIsupportsover50commonfinancialinstrumentsrangingfromgoldtoforex,mainlyover40majorcurrencypairs,gold,silver,energy,indices,andcryptocurrencies.Leverage&AccountsofGMIGMIofferstradersastandardaccountwithaminimumdepositof$100,aswellasademoaccountfortraderstopracticetheirtradingstrategiesforfree.Themaximumtradingleverageis1:1000forForex,Gold,Energy,andIndicesand1:20forCryptocurrencies.Spreads&CommissionsofGMITheminimumspreadontheGMIMarketis0.56pipsforEURUSD,0.62pipsforGBPUSD,2.8pipsforUSDJPY,and2.8pipsforUSDCHF.Thespreadsstartat0.6pipsforXAUUSD,2.1pipsforXAUGBP,2.4pipsforUSOil,2.1pipsforUKOil,and0.71pipsforNaturalGas.ThelowestspreadonWallStreetisfrom2.8pips,thelowestspreadonHISHDKisfrom22.3pips,thelowestspreadonBitcoinUSDisfrom48pips,andthelowestspreadonEtherUSDisfrom3pips.TradingPlatformsAvailableofGMIGMIofferstraderstheflexibilitytochoosefromtheMT4tradingplatform,aswellasMT4forAndroid,MT4foriOS,andMT4forPC/Mac.MT4isapopularplatformwithpowerfulchartingtoolsandtechnicalanalysistools,aswellasauser-friendlyinterfacethatisidealfortradersofalllevels.DepositandWithdrawalofGMIGMIwelcomesvariouseasy,secureandfastdepositandwithdrawalmethods,includingbanktransfers.Allaccounttypesacceptbankorelectronictransfers,andGMIdoesnotacceptthird-partywithdrawals.Withdrawalsunder$1000areprocessedimmediatelybyGMI;withdrawalsbetween$1000-$19999requiremanualreviewandaresenttothepaymentproviderforverificationwithin24hours.Withdrawalsover$20,000maytakeupto4businessdays. About More

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Previous Detection: 2021.07.31 Risk: 2 Item

This broker exceeds the business scope regulated by United Kingdom FCA(license number: 677530)Investment Advisory Licence Non-Forex License, please be aware of the risk!
The VanuatuVFSC regulatory with license number: 14646 is an offshore regulatory, please be aware of the risk!

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Last Updated Time 2021-07

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User Reviews

Brokers

OthersUnable to trade due to disconnection

Hi everyone, I am a trader for five years. On the morning of March 23, the New Zealand currency started to fall after a sideways trade. When it was about to reach the take profit level, I wanted to cancel the take profit, but during the operation, I found that the account was disconnected and the other five platforms on the mobile phone were able to log in normally. The disconnection lasted for two hours, and when I was able to log in, I dropped nearly 100 points from the take profit level. At that time, I had 4 short positions of 0.99 lots, with almost 4000 profit. I asked the platform to negotiate compensation, and the platform said that it wanted me to submit the transaction log of the take-profit cancellation when the account was disconnected. I want to ask everyone, as an experienced trader, when I knew that I could not trade as the line was disconnected, was it my fault that I didn’t trade at that time? It is also problematic that the stop profit level of 500 of short order is traded at 503, and the stop profit is down.

FXTSBvxf7647 2021/03/26 Japan

Release

BrokersGMI (Global Markets Index) was established in 2009 and has been operating in 8 different countries worldwide for over a decade. GMI has accumulated over a decade of experience in serving traders worldwide. GMI is authorized and regulated by the UK Financial Conduct Authority (license number:677530) and also regulated by the Vanuatu Financial Services Commission offshore.

GMI (Global Markets Index) was established in 2009 and has been operating in 8 different countries worldwide for over a decade. GMI has accumulated over a decade of experience in serving traders worldwide. GMI is authorized and regulated by the UK Financial Conduct Authority (license number:677530) and also regulated by the Vanuatu Financial Services Commission offshore.

WikiFX
2021/5/12 10:13:05

Vanuatu Financial Services Commission (VFSC)

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/Area
Vanuatu
Regulatory License No.：
14646

Licensed Institution :
Global Market Index Limited

Effective Date :
2019-11-02
Email Address of Licensed Institution :
--

License Type:
No Sharing
Website of Licensed Institution :
--

Expiry Date :
--
Address of Licensed Institution :
--

Phone Number of Licensed Institution :
--
Licensed Institution Certified Documents :
14646 VFSC View Certified Documents

Financial Conduct Authority (FCA)

The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. On 19 December 2012, the Financial Services Act 2012 received royal assent, and it came into force on 1 April 2013. The Act created a new regulatory framework for financial services and abolished the Financial Services Authority. The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom. It focuses on the regulation of conduct by both retail and wholesale financial services firms.

Current Status:
Exceeded
License Type:
Investment Advisory License
Regulated in Country/Area
United Kingdom
Regulatory License No.：
677530

Licensed Institution :
Global Market Index Limited

Effective Date :
2015-11-23
Email Address of Licensed Institution :
info@gmimarkets.co.uk

License Type:
No Sharing
Website of Licensed Institution :
www.gmimarkets.co.uk

Expiry Date :
--
Address of Licensed Institution :
1 PoultryLondonLondonEC2R 8EJENGLAND

Phone Number of Licensed Institution :
4402038905100
Licensed Institution Certified Documents :
汇金集团 FCA牌照更新20190131 View Certified Documents FCA677530牌照210426 View Certified Documents GMI_FCA交易商监管信息表_查询结果 View Certified Documents fandford FCA监管 2020.09.03 View Certified Documents Global Market Index FCA20200702更新 View Certified Documents

GMI · Score

GMI

4.11
License Index
7.78
Business Index
8.22
Risk Management Index
4.08
Regulatory Index
7.02
Software Index

License Index
A comprehensive evaluation of the authenticity and value of the broker's license is conducted by the WikiFX legal team through various means such as inquiries on the regulatory authority's website, and through telephone and mail communication with the regulatory authorities.
Business Index
A systematic evaluation of the comprehensive level of the broker's business by the WikiFX Corporate Consultant and the Global Eye System, through the Business Compliance Verification Model, the Business Sustainability Assessment Model, and the Business Lifecycle Verification Model.
Risk Management Index
A systematic evaluation of real-time monitoring of over 40 factors such as the broker's command execution index, customer capital static index, global public opinion index, liquidity index, and credit index by the WikiFX risk management team and the WikiFX cloud system.
Regulatory Index
A quantitative assessment of the level of broker regulatory by the WikiFX compliance and audit team, through regulatory grading standards, regulatory actual values, regulatory utility models, and regulatory abnormality prediction models.
Software Index
A systematic evaluation of the dynamic tracking test and technology of more than 20 indicators, such as genuineness of the software and software security, stability, and order execution speed, by WikiFX data engineers and test engineers.

GMI · Company summary

　　General Information & Regulators of GMI

　　GMI (Global Markets Index) was established in 2009 and has been operating in 8 different countries worldwide for over a decade. GMI has accumulated over a decade of experience in serving traders worldwide. GMI is authorized and regulated by the UK Financial Conduct Authority (license number:677530) and also regulated by the Vanuatu Financial Services Commission offshore.

　　Safety Analysis of GMI

　　GMI is currently regulated by the FCA in the UK and the VFSC in Vanuatu offshore, so there remains a certain security level. The leverage offered by GMI is relatively high, and investors should be careful to use high leverage to avoid the risks of losing money. Moreover, the official website of GMI shows no detailed description of deposit and withdrawal fees.

　　Markets Instruments

　　GMI supports over 50 common financial instruments ranging from gold to forex, mainly over 40 major currency pairs, gold, silver, energy, indices, and cryptocurrencies.

　　Leverage & Accounts of GMI

　　GMI offers traders a standard account with a minimum deposit of $100, as well as a demo account for traders to practice their trading strategies for free. The maximum trading leverage is 1:1000 for Forex, Gold, Energy, and Indices and 1:20 for Cryptocurrencies.

　　Spreads & Commissions of GMI

　　The minimum spread on the GMI Market is 0.56 pips for EURUSD, 0.62 pips for GBPUSD, 2.8 pips for USDJPY, and 2.8 pips for USDCHF. The spreads start at 0.6 pips for XAUUSD, 2.1 pips for XAUGBP, 2.4 pips for USOil, 2.1 pips for UKOil, and 0.71 pips for Natural Gas. The lowest spread on Wall Street is from 2.8 pips, the lowest spread on HIS HDK is from 22.3 pips, the lowest spread on Bitcoin USD is from 48 pips, and the lowest spread on Ether USD is from 3 pips.

　　Trading Platforms Available of GMI

　　GMI offers traders the flexibility to choose from the MT4 trading platform, as well as MT4 for Android, MT4 for iOS, and MT4 for PC/Mac. MT4 is a popular platform with powerful charting tools and technical analysis tools, as well as a user-friendly interface that is ideal for traders of all levels.

　　Deposit and Withdrawal of GMI

　　GMI welcomes various easy, secure and fast deposit and withdrawal methods, including bank transfers. All account types accept bank or electronic transfers, and GMI does not accept third-party withdrawals. Withdrawals under $1000 are processed immediately by GMI; withdrawals between $1000 - $19999 require manual review and are sent to the payment provider for verification within 24 hours. Withdrawals over $20,000 may take up to 4 business days.

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OthersUnable to trade due to disconnection

Vanuatu Financial Services Commission (VFSC)

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