GMI does not offer a Sign-Up bonus also known as a welcome bonus to new clients who choose to register for a real account but does offer a deposit bonus of 30% up to $500 / R 8000 ZAR, plus 15% bonus up to $5000 /R 80 000 ZAR on all other deposits.
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 – 7 key points quick overview:
GMI at a glance- GMI Overview
- GMI Referral Bonus
- GMI Additional broker bonuses, promotions, and rewards
- GMI Pros and Cons
- GMI Conclusion
- Frequently Asked Questions
GMI Overview
GMI does not offer a sign-up bonus. Traders who register for a real account with GMI for the first time, will not be offered any of the following: Sign-up bonus, Welcome bonus, No-deposit bonus but does offer a deposit bonus of 30% up to $500
These bonuses are often offered by most brokers as they are the best way through which brokers can draw in new clientele, ensuring that their customer base keeps expanding.
These bonuses are a wonderful way for traders to kick-start their trading journeys, however, traders must ensure that they familiarise themselves with the terms and conditions which are associated with bonuses. Traders must also ensure that they qualify for the specific criteria tied to bonuses.
The bonuses which are offered in this category are not cash bonuses, they are credited to the trader’s account as trading credit which can be used towards trading activities, thus traders can take advantage of trading risk-free.
GMI Referral Bonus
When a trader registers a real account with GMI, they are not offered a referral bonus.
The referral bonus revolves around traders referring friends and family, inviting them to register a real account with GMI, making them eligible for specific rewards but only if the criteria for such has been met.
The purpose of such a bonus is that it is one of the best ways in which to draw in more customers in registering a live trading account. It is a pyramid principle where more traders are involved in ‘spreading the word about the broker, and more referrals join.
However, before traders make use of such a bonus, they must familiarise themselves with some common criteria which can include, but is not limited to:
- The referral must register a real account with the broker using a unique referral link so that the registration can be traced back to the trader.
- The referral bonus is only applicable should referrals register a real account as these bonuses are not available when using a demo account.
- A certain minimum deposit amount must be made by the referral.
- The referral may be required to execute a certain number of trades on the new account before the trader becomes eligible to receive the referral bonus.
These referral bonuses are also often available for a certain limited time, during a month where the broker wishes to boost the trading activity by drawing in new traders.
GMI Additional broker bonuses, promotions, and rewards
GMI does not offer traders a broker bonus or a trading bonus that targets loyal customers. These bonuses are often in the form of cash rebates or other incentives and rewards that encourage active trading or trading at higher volumes.
They do however offer 30% bonus of up to $500 for first deposits and 15% bonus up to $5000 on all other deposits
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 |
| GMI caters for professional traders by offering competitive trading conditions | Welcome bonus, deposit bonus, no-deposit bonus, sign-up bonus not offered |
| Referral bonus not offered | |
| No other trading bonuses or broker bonus for loyal customers |
GMI Conclusion
GMI may not offer any bonuses at this current time, but it is a well-regulated broker that offers especially professional and institutional traders with competitive trading conditions and comprehensive solutions and services.
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Frequently Asked Questions
Is GMI regulated in South Africa?
Our search on the FSCA financial authority website of South Africa did not reveal GMI as a regulated FSCA broker.
Can I withdraw my deposit bonus from GMI?
The promotion bonus can be used to open a new position or add margin to an existing position. You can also use it to increase an existing position or it can be withdrawn. The bonus will be credited to your GMI trading account as credit within (48) working hours after the deposit has been received and shall be available for trading purposes only.
Does GMI offer a sign-up bonus?
No. GMI does not offer a sign-up bonus.
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