GMI provides three different account types, ECN Account, Standard account & Cent account. Demo account and Islamic account options are also available with a minimum deposit amount of $15 USD / R 240 ZAR, leverage up to 1:2000, and spread from 0.0
| 💠Feature | 📈 ECN Account | 📈 CENT Account | 📈 Standard Account |
| 💵 Minimum Deposit | $100 / R 1600 ZAR | $15 / R240 ZAR | $25 / R400 ZAR |
| 💳 Max. Lot | 500 | 200 | 500 |
| 💰 Commission | $4 per lot | No | No |
| 📌 Leverage | 1:500 | 1:1000 | 1:2000 |
Min Deposit USD 15 Regulators VFSC Trading Platform MT4 Crypto Yes Total Pairs 40+ Islamic Account Yes Trading Fees Low Account Activation 24 Hours
GMI Review – 8 key points quick overview:
GMI Overview- GMI Account Types
- GMI Account Features
- GMI at a glance
- GMI Demo Account
- GMI Islamic Account
- GMI Pros and Cons
- Frequently Asked Questions
GMI Overview
GMI (Global Market Index) is an ECN and STP broker that is headquartered in Shanghai with strict regulation as well as authorization through the FCA and SFC. GMI is a broker that is technologically driven and features pricing which is competitive.
GMI offers online solutions to traders from around the world with innovative trading systems and technology, multilingual customer support, and a variety of software proposals.
Through the STP and ECN pricing and execution offered by GMI, the broker provides traders with fast connectivity to top-tier liquidity providers (LPs) who offer traders with deep liquidity.
This also ensures that traders are offered with tailored trading solutions, catering for the varying needs, objectives, goals, and trading styles of traders despite whether they are beginners or professionals.
Traders are provided with a popular and powerful trading platform through which low latency and FIX API connectivity are provided, connecting traders to a variety of markets such as:
- Forex
- Indices
- Cryptocurrencies
- CFDs on crude oil
- CFDs on metals
- CFDs on indices
GMI Account Types
GMI offers traders a choice between four main account types. Each of these accounts has its own set of trading conditions that cater for varying levels or types of traders. GMI offers a dynamic trading environment by providing such a variety of accounts and ensures that traders can choose the conditions that suit their style, and pocket, better.
The account types offered by GMI includes:
- Standard Account
- ECN Account
- Cent Account
- Demo account
GMI’s accounts have been designed via an ultra-customizable mode, allowing traders to adjust their leverage as well as their trading sizes according to their trading needs, objectives, and any other preferences that they have, along with their unique trading styles.
GMI offers traders with competitive floating/variable spreads, rapid connectivity to different markets as result of its execution and pricing models, and the trading platform, which is the most popular in the trading industry, namely MetaTrader 4.
The leverage that traders can expect along with the spreads and minimum deposit requirements will depend on the type of account that traders use, with more premium accounts having stringent deposit requirements.
GMI Account Features
Standard Account
- Minimum deposit: $ 25 / R 400 ZAR
- Leverage: 1:50 – 1:200
- Minimum order distance: 2.4
- Minimum order size: 0.01 lot
- Trading type: No restrictions
ECN account
- Minimum deposit: $100 / R 1600 ZAR
- Leverage: 1:50 – 1:100
- Minimum order distance: 0
- Minimum order size: 1 000 contracts
- Trading type: No restrictions
CENT account
- Minimum deposit: $15 / R240 ZAR
- Leverage: 1:1000
- Minimum order distance: 0
- Minimum order size: 1 000 contracts
- Trading type: No restrictions
GMI at a glance
| Broker's Name | GMI |
| 📍 Headquartered | Shanghai |
| 📅 Year Founded | 2009 |
| ⚖️ Regulating Authorities | VFSC |
| 📌 VFSC | registration number 14646 |
| 🌐 Countries not accepted for trade | United States |
| ⏳ Account types | Cent account, ECN Account, Standard account |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 🌐 Spreads | From 0.0 |
| 🌐 Commission | Commission Free trading |
| 🌐 Fees | Determined on Account selected |
| 🌐 Leverage | 1:2000 |
| 💰 Sign up Bonus | Not offered |
| 📌 Deposit bonus | 30% up to $500 |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | 1:400 |
| 💰 Minimum Deposit | $2,000 |
| 💳 Deposit Options | Bank Wire Transfer Credit/Debit Cards Skrill |
| 💳 Withdrawal Options | Bank Wire Transfer Credit/Debit Cards Skrill |
| 💻 Platform Types | Metatrader 4 |
| 📈 Tradable assets offered | Forex Indices Cryptocurrencies CFDs on crude oil CFDs on metals CFDs on indices |
| 📱 OS Compatibility | Web browsers, Windows, MacOS, Linux, Android, iPhone, tablets, iPads |
| 👨💼 Languages supported on Website | English, Simplified Chinese |
| 👥 Customer Support Languages | English, Simplified Chinese |
| 📆 Customer Service Hours | 24/5 |
GMI Demo Account
Most brokers across the trading industry offer traders the use of a demo account which can be used in a variety of ways, including, but not limited to the following reasons:
- A practice account for beginner traders who wish to improve their trading skills and experience in a risk-free environment using virtual funds.
- Traders who are evaluating and comparing brokers would like to explore GMI’s trading conditions in a risk-free environment.
- Traders who wish to test their trading strategies in a mimicked live trading environment without risking their capital.
GMI Islamic Account
- The purpose of an Islamic Account is that it caters specifically to Muslim traders who follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.
- Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees, or interest, should they hold positions open for longer.
- GMI does not offer Muslim traders with either an Islamic Account or the option of converting one of the live trading accounts into that of an Islamic Account. For this reason, Muslim traders must ensure that they close all open positions by the time the trading day concludes to avoid being subjected to swaps.
Min Deposit USD 15 Regulators VFSC Trading Platform MT4 Crypto Yes Total Pairs 40+ Islamic Account Yes Trading Fees Low Account Activation 24 Hours
GMI Pros and Cons
| ✔️ Pros | ❌ Cons |
| Well-regulated | No US Clients |
| Variety of accounts offered | High minimum deposits |
| STP and ECN models | Wide spreads on some accounts |
| MetaTrader 4 offered | Limited tradeable instruments |
| No demo account and no Islamic Account option offered | |
| Not recommended for beginners |
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Frequently Asked Questions
Does GMI have Nasdaq trading?
Yes, Nasdaq100 trading is available with spreads that start from 0.9 pips and the trading time is Monday-Friday : 01:00-24:00
How long does it take to make a withdrawal from GMI?
Withdrawal from GI usually takes place within 24 hours.
Does GMI have copy trading?
Yes, Copy trading is available as well as MAM services (Multi Account Manager).
Does GMI have crypto trading?
Yes, cryptocurrency trading is available from GMI.
Does GMI have a trading app?
Yes, GMI Edge is available on Google play store.
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