GMG Markets-Overview of Minimum Deposit, Spreads & Leverage
abstrak：Global Markets Group Limited (GMG Markets) is a UK-based foreign exchange broker and is authorized and regulated by the UK Financial Conduct Authority (FCA) (License No. 744501). It is important to note that GMG Markets is extremely risky and the UK FCA has reported clone companies associated with it in 2019 and 2020 respectively and placed them on a regulatory blacklist.
Global Markets Group is a broker which offers a variety of trading assets, including Forex, CFD shares, Commodities, Indices, Crypto CFDs and Metals with leverage up to 1:100 and spread from 0 pips on MT5 and web-based trading platform.
| Global Markets Group Review Summary | |
| Founded | 2015 |
| Registered Country/Region | United Kingdom |
| Regulation | FCA (Suspicious Clone) |
| Market Instruments | Forex, CFD shares, Commodities, Indices, Crypto CFDs, Metals |
| Demo Account | ✔ |
| Leverage | Up to 1:100 |
| Spread | From 0.0 pips |
| Trading Platform | MT5 |
| Min Deposit | $200 |
| Customer Support | Tel: 442038653306 |
| Email: info@gmgmarkets.co.uk | |
Global Markets Group Information
Global Markets Group is a broker which offers a variety of trading assets, including Forex, CFD shares, Commodities, Indices, Crypto CFDs and Metals with leverage up to 1:100 and spread from 0 pips on MT5 and web-based trading platform. The minimum deposit requirement is $200.
Pros and Cons
| Pros | Cons |
| Various trading products | FCA (Suspicious Clone) |
| Spreads from 0 pips | |
| MT5 platform available |
Is Global Markets Group Legit?
No. Global Markets Group has no regulations currently. Please be aware of the risk!
| Regulatory Status | Suspicious Clone |
| Regulated by | Financial Conduct Authority (FCA) |
| Licensed Institution | Global Markets Group Limited |
| Licensed Type | Straight Through Processing (STP) |
| Licensed Number | 744501 |
What Can I Trade on Global Markets Group?
Global Markets Group lets traders diversify their portfolios across several markets by providing a range of trading assets like Forex, Indices, and Commodities.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFD shares | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Crypto CFDs | ✔ |
| Metals | ✔ |
| ETFs | ❌ |
| Bonds | ❌ |
| Stocks | ❌ |
Account Type/Fees
Global Markets Group offers four account types, which are Standard account, Raw Spread account, SpreadBet Account and Elective Pro Account. But there are limited fees information about SpreadBet Account and Elective Pro Account.
| Account Type | Standard | Raw Spread |
| Min Deposit | $200 | $200 |
| Commission | $0 per lot per side | $3.5 per lot per side |
| Spread | From 1 pips | 0 pips |
Leverage
The maximum level offered by Global Markets Group is up to 1:100. Forex traders must understand how to control leverage and use risk management techniques to reduce forex losses.
Trading Platform
When it comes to trading platforms available, Global Markets Group gives traders Meta Trader 5.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ❌ | Desktop, Android, iOS | Beginners |
| MT5 | ✔ | Desktop, Android, iOS | Experienced traders |
Deposit and Withdrawal
Global Markets Group offers some deposit options via wire transfer in 1 of 3 supported base currencies (EUR/GBP/USD), But Global Markets Group does not accept third party deposits or withdrawl requests.
Withdrawals are processed within 24 hours and the funds will almost instantly reach your sterling bank account if domiciled in the UK, via Faster Payments method; international transfers may take about 2-5 business days, depending on the procedures followed by your bank
If the fund transaction is executed through intermediary banks, you may incur additional fees. Please note that you will be liable for any fees charges by the banks for the transactions.
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