Global Market Index Review 2021

Flag Traders in United States welcome
Global Market Index Facts & Figures

Global Market Index offers multiple asset classes on five powerful trading platforms.

Awards
• Best Liquidity Provider 2017
• Best Trading Environment 2017
• Best Trading Platform Provider 2016
• Best Forex Broker 2016
• Fastest Growing Broker 2016
• Best EA Trading Platform 2016
• Best Forex Broker 2014
• Best Forex Broker 2012
• Best Forex Trading Platform 2012
• Best Forex Broker 2011
InstrumentsForex, CFDs, Metals
Demo AccountYes
Min. Deposit$2,000
Payment MethodsMastercard, Skrill, Visa, Wire Transfer
Min. Trade0.01 lots
Regulated ByFCA, VFSC
MetaTrader 4Yes
MetaTrader 5No
cTraderNo
STP Account
ECN AccountNo
DMA AccountNo
Mobile AppsYes
Auto TradingYes (APIs)
Social TradingNo
Copy TradingNo
Trade SignalsNo
Islamic AccountNo
CFD
Trade index and commodity CFDs with up to 1:200 leverage and floating spreads.
FTSE SpreadFloating
GBPUSD SpreadN/A
Oil SpreadFloating
Stocks SpreadN/A
Leverage1:200
Forex

Major and minor currency pairs including EUR/USD with low spreads.

GBPUSD SpreadFloating from 1 pip
EURUSD SpreadFloating from 1 pip
EURGBP SpreadFloating from 1 pip
Assets40+
Risk Warning – Your capital is at risk

Global Market Index (GMI) is an online broker specialising in trading forex, CFDs and commodities. The broker offers five powerful trading platforms, alongside excellent customer service and transparent pricing. Our 2020 Global Market Index Ltd review covers how to open a live account, payment methods, fees and more.

Global Market Index Headlines

Global Market Index was established in 2009, offering global services from multiple financial hubs, including London and Shanghai. The UK entity, GMIUK, is licensed under the Financial Conduct Authority (FCA) while GMIVN is authorised by the Vanuatu Financial Services Commission (VFSC).

Note: Global Market Index Limited is the registered company name, operating several entities including GMIVN and GMIUK.

Trading Platforms

The broker offers several trading platforms through STP Bridge or ECN solutions. You can download the platforms below to desktop devices or trade through major web browsers.

STP Bridge Platforms

GMI MetaTrader 4

GMI MetaTrader 4
GMI MetaTrader 4

GMI Alpine Trader

GMI Alpine Trader
GMI Alpine Trader

Note: This platform is not available for GMIUK clients.

ECN Platforms

GMI ClearPro

GMI ClearPro
GMI ClearPro

GMI MTF

Global Market Index mtf
GMI MTF

Note: This platform is not available for GMIUK clients.

GMI Currenex

Global Market Index currenex
GMI Currenex

Note: This platform is not available for GMIUK clients.

Trading Products

Global Market Index offers clients investing and trading opportunities in the following markets:

Unfortunately single stocks and cryptocurrencies are not offered.

Fees

The various account options allow clients to choose between flexible leverage and trading size, with tight floating spreads. The spread offerings are not listed on the broker’s website, however standard EUR/USD spreads, for example, start at 1 pip. Global Market Index does not charge a trading commission on any transactions.

Note, the broker does charge swap rates for positions held overnight, further details of which can be found on the company website.

Leverage

Leverage varies by account type and trading entity due to regulatory requirements. GMIUK is regulated by the FCA and complies with ESMA regulations, capping leverage at a maximum of 1:30 for forex pairs. All MT4 accounts offer leverage between 1:50 and 1:200 with ECN accounts offering tighter leverage between 1:50 and 1:100.

Mobile App

Although not mentioned on the broker’s website, MetaTrader 4 (MT4) is available as a mobile trading tool, compatible with iOS and Android devices. The application allows for complete account management and price analysis from your mobile or tablet device.

Global Market Index GMI MT4 mobile app
GMI MT4 mobile app

Payments

Deposits

Minimum deposits vary by account type. The lowest deposit requirement is $2,000 with the standard account, which is relatively high for new traders vs other brokers. GMI offers several payment methods for live account deposits in USD, EUR, and GBP:

Withdrawals

Global Market Index does not charge for withdrawals. Unfortunately the broker doesn’t provide details on processing times, so clients should be prepared to wait several days before receiving any profits.

Demo Account

The broker offers demo accounts on its different trading platforms. Demo accounts are a good way to get familiar with the platforms offered and to test strategies in a risk-free setting. Once satisfied, clients are free to open a live account.

Bonuses

At the time of writing, Global Market Index Limited does not offer any promotions to new or existing clients, this includes no deposit bonuses.

Regulation Review

The UK entity, GMIUK, is licensed under the Financial Conduct Authority (FCA). The FCA is a respectable regulatory body and a good sign that the broker can be trusted.

GMIVN is authorised by the Vanuatu Financial Services Commission (VFSC). Unfortunately this agency isn’t as reputable – allowing for the quick and easy setting up of companies with limited client protection.

Additional Features

Global Market Index offers little in the way of additional trading features. There is no education platform or training tools. Our review has to flag this is a major downside, particularly for beginners who may benefit from extra analysis features and learning services.

Accounts

The broker offers four different account types, three are MT4 accounts with STP connection, and one offers ECN bridging. All accounts present tight floating spreads, flexible trade sizes, and varying leverage to suit the needs of different clients.

A key difference between account options is the minimum deposit requirement:

Benefits

Drawbacks

Trading Hours

Global Market Index follows standard office hours and 24-hour trading hours Monday to Friday. With that said, trading sessions may vary by market.

Customer Support

GMI offers a range of customer support options, available 24/5:

GMI Offices
GMI Offices

Security

The GMI group assures client funds are secured in segregated accounts. Member areas and portal access are password protected. The MT4 platform provides high-tech encryptions, secure logins, and industry-standard data privacy.

GMI Verdict

Global Market Index provides opportunities for traders of different abilities on the established MT4 and bespoke GMI platforms. With that said, minimum deposit requirements are high compared to other brokers, which should should be considered before opening a live account.

Accepted Countries

Global Market Index accepts traders from Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Alternatives to Global Market Index

If you are looking for alternatives to Global Market Index we have compiled a list of the top 5 brokers that are similar to Global Market Index below. This list of brokers like Global Market Index is in order of similarity and only includes companies that accept traders from your location.

  1. LQDFX – LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
  2. Forex.com – Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer very tight spreads and a cutting edge platform.
  3. eToro – eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
  4. Paxful – Paxful is a crypto trading exchange and digital wallet offering low fees and easy sign-up.
  5. EagleFX – EagleFX is a popular trading broker offering forex, stocks, cryptos & commodities.

FAQ

What trading platforms does Global Market Index offer?

GMI offers five trading platforms: GMI MetaTrader 4, GMI Alpine Trader, GMI ClearPro, GMI MTF and GMI Currenex. The choice ensures both beginners and experienced traders are catered for.

What is the minimum deposit at Global Market Index?

The lowest minimum deposit requirement is $2,000 with the standard account. This climbs to a hefty $100,000 for the ECN account.

Is Global Market Index regulated?

Yes, GMIUK is regulated and authorised by the FCA. GMIVN is regulated by VFSC. This ensures the broker is licensed to operate in multiple jurisdictions worldwide.

Does Global Market Index offer a demo account?

Yes, a demo account is offered on trading platforms. Traders can then sign up for a live trading account when ready.

What customer support options does Global Market Index offer?

GMI customer support is accessible 24/5 via telephone, email, online contact form and live chat.

Global Market Index offers multiple asset classes on five powerful trading platforms.

Global Market Index vs Other Brokers

Compare Global Market Index with any other broker by selecting the other broker below.