Score
GMI
China|1-2 years| https://www.gmicoltd.com/en
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
China
1-2 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed GMI also viewed..
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Website
gmicoltd.com
Server Location
United States
Website Domain Name
gmicoltd.com
Server IP
23.224.233.79
Company Summary
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 |
Keywords
- 1-2 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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