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What is GMI?
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What is GMI?
Global Market Index or GMI is one of the known online leveraged Forex trading providers, that was established in Shanghai and then due to expansion opened several representative offices within China, also in Auckland and enabled office in the financial hub – London.To get more news about gmi review, you can visit wikifx.com official website.GMI has been around since 2009 and is considered one of the largest forex and CFD brokers in the region. The broker is well-regulated and has since attracted over 1 million clients in over 30 countries.
The company profile is determined as a technology-driven brokerage solution along with transparent pricing, cutting-edge systems, multiple customer support and numerous proposals of software. The product offering states a pure ECN, STP connection that brings direct, light-fast connectivity to multiple top-tier liquidity providers with deep liquidity and tailor-made trading solutions.
Is GMI a market maker?
No, our research showed that GMI is not a market maker broker. GMI is an ECN and STP broker meaning that the broker provides direct access to other participants in the financial market.
GMI Pros and Cons
Our financial experts consider GMI a reliable broker with good quality trading proposals including Institutions and Money managers. We checked that the broker is well-regulated and authorised offering its clients compensation in case they go insolvent. There is a great selection of trading platforms, MT5 bridges, technology and tool available at GMI. There are various options to deposit or withdraw funds.On the negative side, the broker doesn’t seem to provide educational materials, hence we conclude that it may not be suitable for beginner traders.
Apart from the retail traders offering, the GMI brings advanced proprietary software that includes MT4 and MT5 bridges, tailored partnership programs for Institutional traders, Money Managers, White Labels and APIs via the FIX connectivity network.Indeed, it is obvious that the main pro of GMI is the technology and software, which also was recognized by many awards received for special achievements within the industry and overall ratings.
Is GMI safe or scam?
No, GMI is not a scam, our experts consider GMI a trustworthy broker due to top-tier authorization from FCA and trader compensation schemes offered within the FCA framework.GMI Group of companies includes the firms and entities that are registered in several jurisdictions while using the shortcut-trading name of Global Market Index Limited. GMIUK is a trading name of the Global Market Index that is based in London and authorized by the Financial Conduct Authority.