GMG Markets Review
What is GMG Markets?
GMG, a broker that is growing rapidly worldwide, has clients located in Europe, Asia and South America as well as Australia. Its headquarters are in London, UK.
Broker: GMG Markets
Website: www.gmgmarkets.co.uk
Leverage: 1:30
Regulation: FCA
Min. Deposit: 200 US$
HQ: UK
Platforms: MT4, GMG+
Found In: 2007
GMG Markets Licences
Global Markets Group - Authorized by FCA UKregistration number. 744501 is not active
Trade Instruments
GMG markets offers a wide range of trading instruments, including FX, Indices and Gold. They also offer Energies, Energies, Treasuries, and can all be accessed through one platform that is accessible on multiple devices.
Support of traders is an important aspect of trading. The company provides unparalleled customer service thanks to its industry experience of over 20 years and supports a company’s growing reputation. You can reach us via phone or live chat at any time. We also offer educational resources that are enhanced by one-on-one trading capabilities
Overview
Global Markets Global, or GMG Markets, offers a variety of internationally traded financial products through its STP enabled model. Spreads and commissions are all competitive costs when trading across multiple asset types.
Pros
GMG markets offers a wide range of trading instruments, including FX, Indices and Gold
The GMG Markets, a UK-based broker, is fully licensed and authorized by the FCA (Financial Conduct Authority).
Client funds are protected by FSCSin the unlikely event that they default.
The Standard account only requires 200$ for an initial deposit
You can also trade on any device
There are two platforms available: MT4 and MT5
Cons
The spread nature of trading can make the costs fluctuate from trade to trade.
The website is currently unavailable and it is unclear whether the broker offers trading services.
Rating of the company overall
Reliability ⭐⭐⭐
Platform ⭐⭐⭐
Commissions ⭐⭐⭐⭐
Support ⭐⭐
Financial instruments ⭐⭐⭐
RATING: 3.1
GMG Markets is it safe?
The GMG Markets, a UK-based broker, is fully licensed and authorized by the FCA (Financial Conduct Authority). This license allows a company to provide a transparent and secure trading environment. The process of obtaining a license is governed by some of the industry's most respected authorities. There are many rules and standards that must be followed in order to protect investors and clients. This combination of strict security and technological solutions that provides what is most important to trader - trading.
Segregated accounts at Tier One banks provide fund protection. They also promise to keep the money safe, and comply with European regulations. Client funds are protected by FSCS in the unlikely event that they default. The GMG acts as an intermediary between the client and liquidity providers.
Trade Platforms
GMG Markets' industry-proven technology MetaTrader4 is a GMG Markets mainstay. It allows for a variety of trading strategies to be executed. You can also trade using the latest version of MetaTrader5, while the STP execution mode provides access to liquidity providers via low latency servers. There is no requote policy.
You can also trade on any device, whether you use a web, smartphone, tablet or desktop version. The multiple cutting-edge platforms are tailored to each trader's lifestyle and needs.
You can also use the GMG MetaTrader 4 app for Android, Blackberry, or Windows to improve your trading.
The company also offers fund managers and corporate investors the opportunity to diversify their portfolios by PAMM or MAM Software system. FIX API allows you to plug the price feed into a third-party GUI that uses special order types and access current rates.
Accounts
GMG Markets, with their wide range of trading options, has created different account types to suit all traders, novices and experienced. This account is perfect for those who need a small account with all the trading costs included in the spread. The Pro Account offers ECN-style forex trading at low commissions with interbank wholesale rates and commission per trade.
Minimum deposit
The Standard account only requires 200$ for an initial deposit. Pro Account maintenance should require at least 10,000$.
Leverage
GMG Markets provides leverage according to the regulations it adheres to, and your professional level. Retail traders can use maximum 1:30 for major currencies, 1 to 20 for minor currencies and 1:10 for commodities. Professional traders may use leverage as high as 1:400.
Fees
Trading costs are tiered commission rates that can be adjusted to reflect volume and the price competition of liquidity providers at Top of Book. The spread nature of trading can make the costs fluctuate from trade to trade. However, Standard Account has spreads of EUR/USD 1.1 pips and Pro Account spreads spreads at EUR/USD 0.1 pip.
See the table below for more information about Standards GMG Markets Spread, and to compare its fees with another popular broker FP Markets.
Payment Methods
These payment options include the Debit and Credit Cards, or the Bank Wire Transfer. They are the most popular and safest way to transfer money.
Withdrawal fee
Most companies do not charge for withdrawals or deposits. However, it is worth checking with your payment provider to see if any fees may be applicable.
Conclusion
The GMG Markets Review is a review of a highly secure, regulated UK company that offers vast investment opportunities for all types of investors, retail, corporate, or experienced traders, with its enabled STP method of execution.
You can trade with advanced options using the broker's diversified portfolio of trading instruments. There are two platforms available: MT4 and MT5. The trading account comes with dedicated support. The broker offers support to help traders of all sizes and strategies to develop their trading skills. We would love to hear from you about GMG Markets.
You can leave a comment or request additional information.
The website is currently unavailable and it is unclear whether the broker offers trading services. We strongly advise readers to double-check any proposal appearing under GMG Markets, or something similar.