GMI is considered low-risk and can be summarised as trustworthy and reliable. GMI trading involves spreads from 0.00 pips and commissions vary depending on the account tier selected and leverage up to 1:2000Average variable ECN spreads on currency pairs such as EUR/USD are tight.
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 – 6 key points quick overview:
GMI at a glance- GMI Fees and Spreads
- GMI Additional Trading Fees
- GMI Broker Fees
- GMI Pros and Cons
- Frequently Asked Questions
GMI Fees and Spreads
GMI’s spread list starts from 0.0 pips.
The spread list that traders can expect when trading with GMI will depend on the trading account that traders use. Traders have a choice between the following:
- Standard Account – variable spreads that start from 2.4 pips.
- CENT Account – variable spreads that start from 0.0 pips.
- ECN Account – variable spreads that start from 2.4 pips.
There is no information regarding the commissions that traders can expect when trading with GMI, or whether GMI offers commission-free trading on some accounts. Before registering a live trading account, traders must verify this information with the broker.
GMI Additional Trading Fees
Overnight fees and swap fees are charged when traders hold positions open for longer after the trading day has concluded. These fees depend on the financial instrument that the trader holds as well as whether they hold a short (selling) or long (buying) position on the instrument.
GMI charges an approximate 2% on short positions, however, due to conditions changing, traders must confirm this with the broker before they register a live trading account.
GMI does not offer Muslim traders the option of converting any of the available account types to that of an Islamic Account. For this reason, traders must ensure that they close all open positions before the trading day concludes, to avoid being charged/credited with swaps.
GMI Broker Fees
There is no indication of whether GMI charges either deposit fees or withdrawal fees. The website does not offer substantial information that will allow traders to view and evaluate the broker fees that they can expect when they use GMI to facilitate trades.
Before registering a live trading account, traders are urged to verify all fees with the broker.
GMI is not a spread betting broker, so spread betting fees will not apply.
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 Demo Account – Step by Step
You might also like: GMI Minimum Deposit
You might also like: GMI Sign up Bonus
Frequently Asked Questions
How many instruments can I trade with GMI?
- Forex
- Indices
- Cryptocurrencies
- CFDs on crude oil
- CFDs on metals
- CFDs on indices
Which platforms are supported by GMI?
MetaTrader 4.
Does GMI offer leverage?
Yes. GMI offers flexible leverage between 1:100, 1:200, and 1:400.
What spreads can I expect with GMI?
Spreads from as little as 0.0 pips on the Pro and ECN Account.
Does GMI charge commission?
This information cannot be ascertained from the GMI website. Commissions may be charged on some accounts such as the ECN account when compared to other brokers who offer charge commissions on ECN Accounts.
Is GMI regulated?
Yes. GMI is regulated by FCA and SFC.
Is GMI a recommended forex trading broker for experts and beginners?
No. GMI is not recommended for beginners, the broker only seems to cater for expert, professional and institutional traders.
What is the overall rating out of 10 for GMI?
4/10.
Top 4 Brokers
