GMI Edge is an ECN online broker house that’s proud to be offering 0.0 pips spreads on the different account types presented by the broker. A big name established in china exactly in Shanghai in 2009, the broker didn’t just settle with having its headquarters in China but expanded to open operational branches in NewZealand and the UK.
GMI is a regulated and award-winning global forex broker which has already attracted more than 1 million registered accounts in over 30 countries. GMI Markets is leading the industry with its technology solutions that facilitate the diverse needs of various clients from beginners to experienced traders, and money managers.
On the official website of the broker, https://gmimarkets.com , you can find the services and the offers that broker provides to ensure a smooth trading experience as well as to provide information for their clients. The website can also be presented in different languages like English Malaysian, Vietnamese, Thai, Chinese, Indonesian and Spanish.
The broker deals with the world’s top banks to maximize the safety of their client’s funds. GMI Markets’ most popular trading instruments and ultra-low-cost trading solutions provide their clients with a greater opportunity to succeed in investing in the financial markets.
The question of whether GMI Edge scam or a reliable broker rises within the broker houses in the market and hence clients stay in an unsettled state seeking the answers to such an important question. Putting together this GMI Edge review; I kept in mind that such an important issue must be on the top of the list of topics to be covered regarding the broker. Along with account types, deposit and withdrawal methods, minimum deposit, maximum leverage, and bonuses.
Since knowledge is power, and trust is king. So having information regarding your broker and the trading conditions along with the ability to trust that your broker is safe and won’t harm nor scam your fund are 2 of the most important reasons to perform a successful trade.
And so I recommend reading this GMI forex review first before opening an account with the broker.
I reviewed GMI Edge based on the following criteria.
- Low minimum deposit as $15
- MT4 supported
- Low spreads
- High Leverage
- Payment methods are limited
GMI Edge Regulation
The number 1 issue to be considered when choosing a broker house to trade with is regulation. Regulation is the main shaper of the brokers where they need to comply with certain rules and conditions in order to carry out their activities in the market.
Within the forex market, regulation has other roles to carry out which is, to me and any investor, the most important role of them all, which is to keep the clients’ funds safe and secure from financial risks or crises. Which, in a global market like the forex market, isn’t a far prospect.
Getting a license from reputable regulators like FCA, ASIC, CySEC is a very challenging process. Because these regulators have strict requirements and the brokers must maintain these requirements. For this reason, new brokers tend to regulators that are relatively easy to obtain licenses. One of these is VFSC (Vanuatu Financial Services Commission) from Vanuatu Island.
Global Market Index Limited is a regulated and licensed Dealer in Securities by the Vanuatu Financial Services Commission with the registration number 14646. The registered address is at Govant Building, BP 1276 Port Vila, Vanuatu.
The GMI Group of companies includes:
- Global Market Index Limited (UK), authorized and regulated by the Financial Conduct Authority (FRN: 677530) with a registered address at 125 Old Broad Street, London, England, EC2N 1AR
- Global Market Index Limited (VN) (GMIVN), a company regulated and registered in Vanuatu, company number 14646, with a registered address at BP 1276, Govant Building, Port Vila, Vanuatu
- GMI Edge Limited with the registration number 2665994, (registered address Unit 7, 10/F, Tower 1, China Hong Kong City, 33 Canton Road, Tsim Sha Tsui, Kowloon, Hong Kong) being the entity responsible for the processing settlements for Global Prime Limited.
Account Types and Spreads< class="mt0 mb10 font200" style="color:#111;"> Account Types and Spreads in GMI Edge >
GMI Markets offer 0.0 pips spread and maximum leverage of 1:2000. That’s one of the highest leverage I’ve seen in the market. With high leverage, increases the risks and with such a high level, I’d advise you to be very careful with trading bit lots. Yes, the profits would be great, but yet, so would the losses.
It’s very natural for any trader to try to always be on the lookout for the best account types, one that matches their techniques and trading styles. Also, it has the best trading conditions and provides the best features for a trading experience that resembles having a piece of cake for breakfast.
And so, for short-term traders, GMI’s ECN Account would be that piece of cake. through its institutional pricing nature. Those who trade actively would benefit the most open many positions and scalp in and out of the market.
For long-term traders though, a standard account with GMI Markets would be a more preferable option as its conditions would work better and have more long-term benefits than the ECN account.
GMI forex minimum deposit is $15 as seen in the cent account. The maximum leverage offered is 1:2000 as presented in the standard and the standard bonus accounts.
GMI offer 4 types of accounts as it seeks matching all needs of all types of traders from newbies to professional investors.
The first account type is the ECN account where is has the forex average minimum deposit like the average of the forex market minimum deposit amount which is $100. The leverage offered for this account is 1:500 and the maximum number of lots per trade to have with this account is 50. The lot used in the ECN account is the standard lot of 100000 units. This is the only account type that has a commission added of $4 per lot.
The second account type with GMI Edge is the Cent account with no commission and a micro lot to be traded of 1000 units, the account has the least amount of GMI forex minimum deposit of $15, and leverage that reaches up to 1:1000 and the maximum number of lots per trade to have with this account is 150.
The third account type here is the standard account which provides the highest leverage from all the accounts that reach up to 1:2000. No commission is added to this account and the lot that can be started is the standard lot. A minimum deposit of $25 is offered and 50 units are the maximum number of lots per trade.
Read more about the lot and it’s sizes here.
The last account type here is the standard bonus account which has similar trading terms and conditions to the standard account. However, the difference here would be the ability to be nominated for the bonuses offered by the broker.
All accounts are swap free with the USD as the base currency.
GMI Markets offer Forex, Indices, Cryptocurrencies and Commodities including gold, silver and oil available for trading.
With tight Forex spreads, mobile and desktop trading are available on MT4 platforms anytime, anywhere. with 5 currency pairs with 0.0 pip spread over all of them including EURUSD, USDJPY, GBPUSD, EURGBP, and EURJPY.
The major global indices such as the Dow Jones and the FTSE 100 are comprised of some of the largest companies in the world. The weighting of the Indices can often accurately reflect the economic performance of a country. and these are offered for trading with GMI Markets.
GMI offers tight spreads and leverage of up to 1:20 on all Crypto markets that include Bitcoin, Ethereum, Ripple, Bitcoin Cash, Binance Coin, Ethereum Classic, Litecoin, EOS, Tron, Link, Dogecoin, File Coin, and Solana.
Gold, Silver and Oil are considered safe-haven assets that play a vital role in the financial market ecosystem. Traders will typically invest in them during times of market volatility to protect their funds, and GMI’s quick execution, cheap trading costs and 24/5-access to the markets provide the optimum conditions to trade Gold, Silver or Oil.
GMI Edge supports the MetaTrader4 platform which is well-known by forex traders and brokers. all accounts are supported by MT4 which is available on windows, IOS, MacOS, Anderoid, and the web.
which on MT4 you can:
- Use expert advisors by creating your own algorithms or follow other traders and automate your trades through customizable EAs.
- MT4 users can seamlessly connect to the trading platform through the GMI Edge app with perfect sync.
- Use MT4 analytical tools.
GMI also provides MAM which is a multi account manager and here
- Money manager can automate performance fees billing.
- allocate your trade types by using lot size, equity, or balance.
- you can trade multiple accounts with 1 click with MAM.
Unfortunately, there is no training material available on the GMI Edge website. It would be great for investors to have e-books, educational videos, and blog posts on their websites. These are absolutely crucial resources, especially for beginner investors.
GMI offers the option to trade with a demo account which is mainly presented to new beginners in forex and CFDs markets. where the demo account provides safe trading with no risk as all the trading that is to be done would be a virtual simulation of the live trade, so clients would be able to experience the live trading without endangering their funds while they’re still starting in forex.
The main reason for this demo account option is to familiarize new trades on the market. professional trades too can use demo accounts in case attempting a new trading technique or need to try or increase their skills.
You can contact them from the “Contact Us” section under the “About Us” section on their website. E-mail addresses and contact forms are available. or if you want you can have a live chat with one of the advisors on the main page of the official website of the broker with 24/7 multi-lingual customer support.
There’s 30% welcome bonus offered by GMI Markets where you can trade forex and CFDs with extra 30%. In order to collect the bonus all you need to do is:
- Register your account
- Deposit the minimum deposit amount depending on your chosen account type
- Get the bonus added to your account
- Start trading
Make sure to follow the terms and conditions applied by the broker to get the bonus correctly, and you can find more information about the bonus here.
Payment Methods of GMI Edge
payment methods with GMI aren’t the most variable ones. the only available funding and withdrawal methods are Neteller, Skrill and local bank transfers. The brokers doesn’t apply any commission on any payment method whether that was deposit or withdrawal.
Conclusion of GMI Edge Review
GMI has been in business since 2009 and is considered one of the largest Forex and CFD brokers in the world. Their superior technology solutions and stable and safe trading environments which are based on our 7 trading centers located around the world have made GMI world famous.
GMI broker serve over 1 million traders around the world who enjoy the low costs, 99.999 % in trading platform uptime, and the constant technological and financial innovations the broker is always seeking.
Regulated by Vanuatu Financial Services Commission and providing trustable service to its multinational customer base. GMI forex offers 4 types of accounts with minimum deposit of $15 in the cent account.
The maximum leverage within the broker is 1:2000 offered on the standard accounts that are more suitable for professional trades due to the risk that’s included due to the high leverage.
In this GMI forex review, we have mentioned the payment methods too that, in my opinion, we too little in comparison with other brokers in the industry. The CFDs offered for trade by GMI edge aren’t enough compared to the unlimited amounts of CFDs provided by other forex brokers.
We have seen in this GMI edge review the presence of demo accounts and the bonuses with a 30% welcome bonus offered upon opening a live forex account and depositing the minimum deposit requirements.
If you have any other questions, don’t hesitate to contact me or leave a comment below.