Abstract:Taking the financial market by surprise, GMI, one of the leading global forex and CFD brokers, announced its intention to close its global operations from December 31, 2025. Since the official shutdown announcement, traders have been concerned about the status of fund deposits and withdrawals. They have understandably been searching for answers to these questions amid this announcement made by the group. Read on as we share with you key details emerging from the development.

Taking the financial market by surprise, GMI, one of the leading global forex and CFD brokers, announced its intention to close its global operations from December 31, 2025. Since the official shutdown announcement, traders have been concerned about the status of fund deposits and withdrawals. They have understandably been searching for answers to these questions amid this announcement made by the group. Read on as we share with you key details emerging from the development.
The GMI management has allowed its existing traders to deposit until Dec 24, 2025, only. However, it has declined to accept new client and agent registrations. As per the announcement, customers can only close their market positions. On the other hand, the brokerage house has allowed traders to apply for fund withdrawals until January 31, 2026. Sharing a screenshot containing an official shutdown announcement from GMI.

Founded in 2009, the brokerage house has been contemplating an exit amid an old and ailing boss. Over the past two years, the brokerage management tried to recruit a new boss to spearhead GMI. Many wealthy financial groups and major investment houses evinced interest in acquiring the group at attractive prices. However, the brokerage house could not find a suitable, honest and qualified boss to steer the company ahead despite screening many applicants during the review period. Acknowledging that it was an extremely difficult decision, the brokerage management decided to close the company and its clientele base to an operator, but not without potential future risks and doubts. As shown above, the brokerage management thanked everyone for their support and contributions over the last 16 years.
GMI is a regulated forex broker with more than 1 million registered accounts in 30+ countries, including key South Asian markets such as India and Bangladesh. It meets the diverse needs of several clients, including experienced traders, beginners, and fund managers.
The GMI group offers clients with a wide range of markets, such as forex, stock CFDs, indices, and commodities (gold, silver, oil).
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Before trusting any broker, you need to check if it is properly regulated. The safety of your capital and fair trading conditions depend completely on how well the broker is supervised. For a thorough check on brokers like BlackBull Markets, websites like WikiFX can give you collected information, license tracking and user reviews, providing an important independent check. This article aims to answer a key question: Is BlackBull Markets a safe and regulated broker? The simple answer is yes, but the regulation setup uses two different licenses that every trader needs to understand. We will break down the BlackBull Markets regulation system, explain each BlackBull Markets license, and make clear what this setup means for you as a trader. Our review is based on facts you can check and aims to give you an unbiased, expert view.

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When traders ask, "Is BlackBull Markets safe or a scam?", they want a simple answer to a hard question. The facts show two different sides. The broker began operating in 2014 and has a strong license from New Zealand's Financial Markets Authority (FMA). It also has an "Excellent" rating on review sites such as Trustpilot. But when searching for "BlackBull Markets complaints," you find many negative user stories, including withdrawal issues and poor trading conditions. This article goes beyond simple "safe" or "scam" labels. We want to carefully look at both the good reviews and common problems, comparing them with how the broker actually works and its licenses. This fact-based approach will give you the full picture of its user reputation, helping you make your own smart decision.