GMG Markets is a Forex and CFD Broker that features on its trading platform CFDs on Forex, shares, commodities, treasuries. GMG Markets is a subsidiary company of Global Markets Group Limited, a corporation that is regulated and overseen by the Financial Conduct Authority (FCA) in the United Kingdom. The minimum spread is for EUR/USD 1.1 pips*, real trading is possible with a minimum deposit of $200. The GMG Markets website is available in English, Spanish and Chinese.
What do we cover in our GMG Markets Review?
|General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.|
Basic information about the broker
- Website address: www.gmgmarkets.co.uk
- Leverage: up to 1:30
- Instruments: CFDs – Forex, shares, commodities, treasuries
- Minimum deposit: $200
- Demo account: Yes, free of charge (30-day expiry)
- Methods of deposit and withdrawal: Wire Transfer, Skrill, Neteller, Credit and debit cards (Visa/MasterCard)
GMG Markets Trading Platform
For FX and CFD trading, GMG Markets offers two trading platforms – MT4 and MT5. Both platforms are very well known in the forex world and provide good environment for traders. MT4 as well as MT5 can be both downloaded to any computer or can be accessed via just a web browser or a mobile application.
GMG Markets Spreads
As any other CFD broker, GMG Markets charges a spread fee. For the most current spread charges, please visit the www.gmgmarkets.co.uk website. Here is a spread comparison table that contrasts GMG Markets spreads with popular industry competitors.
*Minimum spreads for a standard account recorded on 17.09.2019 at 10:34 GMT, spread charges were taken from the website of the broker. **Spreads recorded on 26.09.2019 at 11:26 GMT from the trading platform of the broker.
GMG Markets regulation
Global Markets Group Limited is authorized and regulated under the Financial Conduct Authority with reference number 744501.
Advantages and disadvantages
Every Broker has its pros and cons, let’s have a look at the ones that elevate & denounce GMG Markets.
GMG Markets Pros
- Solid spreads
- MT4 and MT5
GMG Markets Cons
- No CFDs on cryptocurrencies
- No e-wallet deposit and withdrawal methods
To sum up the GMG Markets Review
GMG Markets adheres to strict regulatory guidelines of the FCA. The broker offers solid spreads on most assets and features a free demo account for practise trading. The company does not feature any CFDs on cryptocurrencies.
Your review can make a difference to other traders, please leave a comment if you have any personal experience with GMG Markets.
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