GMI minimum deposit amount required to register a live trading account is $15 USD. This minimum deposit is equivalent to R 240.00 ZAR at the current exchange rate between the US Dollar and the South African Rand at the time of writing.
| 🔎 GMI Accounts | 💰 Minimum Deposit |
| 🥉 ECN Account | $100 / R 1600 ZAR |
| 🥈 CENT Account | $15 / R 240 ZAR |
| 🥇 Standard Account | $25 / R 400 ZAR |
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 Minimum Deposit- GMI Deposit fees and deposit methods
- GMI at a glance
- Step by step guide to depositing the minimum amount to GMI account.
- GMI Pros and Cons
- Frequently Asked Questions
GMI Minimum Deposit
GMI charges a minimum deposit amount of $15 / R 240 ZAR
This minimum deposit is higher than what other brokers often charge for entry-level accounts. The minimum deposit is equivalent to 29,896.26 ZAR at the current exchange rate between the US Dollar and the South African Rand, at the time of writing.
GMI is a broker that is headquartered in Hong Kong and has authorization and regulation through strict entities such as FCA, VFSC, and SFC. As a regulated broker, GMI is held to certain requirements where client funds are concerned.
GMI must ensure that trader funds are kept in segregated accounts with top-tier banks and that these funds remain separate from the broker account. Client funds may not be used for any activities other than trading and funds must be available for withdrawal at any given time.
GMI Deposit fees and deposit methods
It is not clear whether GMI charges any deposit fees. GMI offers traders the following payment methods that can be used to make deposits into the trading account:
- Bank Wire Transfers
- Credit/Debit Cards
- e-Wallets such as Skrill
There is no indication of the deposit currencies that GMI offers, however, traders can expect currencies such as USD, EUR, GBP, and others.
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 |
Step by step guide to depositing the minimum amount to GMI account.
1. Step 1: Register an account
Login to your account on the GMI website.
2. Step 2: Complete funding account
Once traders have completed the account application, the minimum deposit amount can be paid by using the payment methods supported by GMI. The GMI website does not provide any guidelines on how traders can deposit funds or how they can be withdrawn.
Some general guidelines that traders can follow when making deposits include:
- Ensuring that deposits are made in the same currency that the base account currency is.
- To make use of a trusted payment method.
- Acknowledge that certain payment methods take a certain amount of time. Whereas electronic payments can be instant, bank transfers can take up to several days.
- Traders must ensure that, when they make deposits, the name of the account is the same as that in which they registered an account as most brokers prohibit third-party payments.
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 |
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Frequently Asked Questions
How does the minimum deposit of GMI compare to similar brokers?
The GMI minimum deposit requirement for the different account types of this broker compares favorably with similar brokers.
How long does a withdrawal from GMI take?
Withdrawals less than $1000 are processed immediately. Withdrawals between $1000 – $19999 are subject to manual review and sent to the payment provider for verification within 24 hours. Withdrawals that exceed $20,000 may take up to 4 business days.
What are the available deposit methods for GMI?
Deposit methods include: Bank Wire transfers, e-Wallets such as Skrill and Credit and Debit cards.
Does GMI have cryptocurrency trading?
Yes, GMI does offer cryptocurrency trading including Bitcoin, Ethereum, Dogecoin, Solana, Ripple, Tron and more.
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