GMI offers a free demo trading account for beginners to start training on. Practice forex trading in a 100% risk-free environment.The demo account will provide traders with full access to the MetaTrader 4 platform, which will allow them to test the various trading features on the platform.
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 |
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 – 5 key points quick overview:
GMI at a glance- How to set up a GMI Demo Account
- GMI Demo Account Features
- GMI Pros and Cons
- Frequently Asked Questions
GMI Overview
GMI does not indicate the availability of a demo account on the broker website. For this reason, traders must contact the broker directly to enquire on the availability of such before registering a live trading account.
This is often a clear indication that a broker caters specifically to institutional and professional traders and that the broker is not recommended for beginners. Beginners must ensure that they find a broker that is suited to their unique needs and avoid brokers that only cater to professionals.
Trading can be a very intimidating and daunting task for beginner traders who do not possess any prior knowledge, skill, or experience in trading. Through the provision of a demo account, brokers can assist beginners in building their skills and experience before they start trading in a live environment where they can lose capital.
A demo account is often referred to as a practice account due to it providing traders with the ability and freedom to explore the broker’s offering without running the risk of incurring losses through the provision of virtual money with which to practice trading.
Beginner traders can use demo accounts to familiarize themselves with a live trading environment, where they can build up their trading skills by actively participating in trades and developing their own trading strategies.
Demo accounts are not merely intended only for beginners, but it provides more advanced traders the opportunity to explore what the broker has to offer.
How to set up a GMI Demo Account
1. Step 1 – Create an account
Make your way to the website and select the “Account types” option on the top bar and then select “Demo account”
2. Step 2 – Select demo option
Navigate to “Try demo account” option
3. Step 3 – Complete information
Complete all information requested and select continue and start trading.
GMI Demo Account Features
- Demo account features that traders can expect, when they deal with a broker that offers such, will depend on the type of trading account traders can demo and the trading platform that is made available for demo account purposes.
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 |
| Unique products and services that cater for professionals and institutional traders | No indication of whether a demo account is offered |
| Broker not recommended for beginners |
You might also like: GMI Review
You might also like: GMI Account Types Overview
You might also like: GMI Fees and Spreads
You might also like: GMI Minimum Deposit
You might also like: GMI Sign up Bonus
Frequently Asked Questions
Can traders from South Africa open a demo account with GMI?
Yes, traders residing in South Africa are allowed to open a GMI demo account.
Which live trading accounts does GMI offer?
- Standard Account
- Plus-Account
- Pro Account
- ECN Account
Does GMI offer a demo account?
Yes, GMI does offer a demo account.
For how long is the demo account valid?
The website of GMI does not state the period of validity of the demo account. Demo accounts are usually valid for 30 days.
Top 4 Brokers
