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GMI Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-06 17:00

Abstract：Founded in 2023, GMI is an unregulated broker registered in China , offering trading on forex, precious metals, cryptocurrencies, stock indexes and crude oil with leverage up to 1:2000 and spread from 2.4 pips on the MT4 trading platform. Demo accounts are available and the minimum deposit requirement to open a live account is $15.

　　Note: GMI's official website: https://www.gmicoltd.com/ is currently inaccessible normally.

GMIReview Summary
Founded	2023
Registered Country/Region	China
Regulation	No regulation
Market Instruments	Forex, precious metals, cryptocurrencies, stock indexes, crude oil
Demo Account	✅
Leverage	Up to 1:2000
EUR/USD Spread	From 2.4 pips
Trading Platform	MT4
Min Deposit	$15
Customer Support	Email: support@gmicoltd.com

GMI Information

　　Founded in 2023, GMI is an unregulated broker registered in China , offering trading on forex, precious metals, cryptocurrencies, stock indexes and crude oil with leverage up to 1:2000 and spread from 2.4 pips on the MT4 trading platform. Demo accounts are available and the minimum deposit requirement to open a live account is $15.

Pros and Cons

Pros	Cons
Various trading products	Inaccessible website
Demo accounts	No regulation
Multiple account types	Wide spreads
Flexible leverage ratios	Withdrawal and inactivity fee charged
Commission-free accounts offered	Only email support
MT4 platform
Low minimum deposit requirement
Popular payment options

Is GMI Legit?

　　No. GMI currently has no valid regulations. Please be aware of the risk!

What Can I Trade on GMI?

Tradable Instruments	Supported
Forex	✔
Precious metals	✔
Cryptocurrencies	✔
Stock indexes	✔
Crude oil	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　Here are four account types GMI offers:

Account Type	Min Deposit
ECN	$100
CENT	$15
Standard	$25
Standard Bonus	$25

Leverage

Account Type	Max Leverage
ECN	1:500
CENT	1:1000
Standard	1:2000
Standard Bonus	1:2000

ECN	CENT	Standard	Standard Bonus
1:500 ($100-$20,000)	1:1000 ($250-$1,000)	1:2000 ($25-$10,000)	1:2000 ($25-$1,000)
1:400 ($20,001-$40,000)	1:500 ($1,001-$2,000)	1:1000 ($10,001-$30,000)	1:1000 ($1,001-$5,000)
1:300 ($40,001-$70,000)	1:100 ($2,001 and above)	1:500 ($30,001-$50,000)	1:500 ($5,001-$20,000)
1:200 ($70,001-$100,000)		1:400 ($50,001-$75,000)	1:400 ($20,001-$40,000)
1:100 ($100,001 and above)		1:300 ($75,001-$100,000)	1:300 ($40,001-$70,000)
		1:200 ($100,001-$200,000)	1:200 ($70,001-$100,000)
		1:100 ($200,001 and above)	1:100 ($100,001 and above)

　　Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.

GMI Fees

　　Trading Fees

　　The spread is from 2.4 pips.

Account Type	Commission
ECN	$4 per lot
CENT	❌
Standard	❌
Standard Bonus	❌

　　Non-Trading Fees

Withdrawal Fee	4%
Monthly Dormant Account Fee	$10

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Web, Android, iOS	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

　　The broker accepts payments via local bank transfer, Skrill and Neteller e-wallets.The minimum withdrawal amount is 10 USD.

Withdrawal Options	MinWithdrawal	Withdrawal Fee	Withdrawal Time
Local banks transfer	50 MYR	❌	Between 8 am to 6 pm daily
Neteller	10 USD	4%	Instant
Skrill	10 USD	4%	Instant