Global Market Index Review and Tutorial

Global Market Index (GMI) is an online dealer representing considerable authority in exchanging forex, CFDs and wares. The merchant offers five incredible exchanging stages, close by exceptional client care and straightforward estimating. Our 2020 Global Market Index Ltd audit covers opening a live record, installment strategies, charges and then some.

Global Market Index Headlines

Global Market Index was set up in 2009, offering global administrations from different monetary centers, including London and Shanghai. The UK element, GMIUK, is authorized under the Financial Conduct Authority (FCA), while GMIVN is approved by the Vanuatu Financial Services Commission (VFSC). 

Note: Global Market Index Limited is the enrolled organization name, working a few elements including GMIVN and GMIUK.

Trading Platforms

The specialist offers a few exchanging stages through STP Bridge or ECN arrangements. You can download the steps underneath to work area gadgets or exchange through significant internet browsers.

STP Bridge Platforms

GMI MetaTrader 4

• VPS facilitating 
• Industry set up 
• Robotized exchanging empowered 
• Diagramming devices and customizable interface 
• Collocation setup for savvy request steering and quick execution

GMI Alpine Trader

• OCO orders 
• Natural UI 
• Exchange straightforwardly from diagrams 
• Worker based following stops 
• Exchange fixed dollar sums 

Note: This stage isn’t accessible for GMIUK customers.

ECN Platforms

GMI ClearPro

• Miniature parcels empowered 
• Full market profundity see 
• A single tick request inversion 
• VWAP taking into account diverse request sizes

GMI MTF

• Adaptable availability with API’s 
• Super high request acknowledgment rate 
• Low idleness with no exchange dismissals 
• ECN exchanging setting for numerous resource classes 

Note: This stage isn’t accessible for GMIUK customers.

GMI Currenex

• Adaptable availability with API’s 
• Super high request acknowledgment rate 
• Low idleness with no exchange dismissals 
• ECN exchanging setting for numerous resource classes 

Note: This stage isn’t accessible for GMIUK customers.

Trading Products

Global Market Index offers customers putting and exchanging openings the accompanying markets: 

• CFDs – indices and crude oil
• Metals – spot gold and silver
• 40+ forex pairs – G10 and exotic

Sadly single stocks and cryptographic forms of money are not advertised.

Fees

The different record alternatives permit customers to pick between adaptable influence and exchanging size, with tight drifting spreads. The spread contributions are not recorded on the agent’s site, notwithstanding standard EUR/USD spreads, for instance, start at 1 pip. Global Market Index doesn’t charge an exchanging commission on any exchanges. 

Note, the agent charges trade rates for positions held, for the time being, further subtleties of which can be found on the organization site.

Leverage

Influence shifts by account type and exchanging substance because of administrative necessities. GMIUK is managed by the FCA and consents to ESMA guidelines, covering influence at a limit of 1:30 for forex sets. All MT4 accounts offer leverage somewhere in the range of 1:50 and 1:200, with ECN accounts offering more tight influence somewhere in the field of 1:50 and 1:100.

Mobile App

Albeit not referenced on the merchant’s site, MetaTrader 4 (MT4) is accessible as a portable exchanging instrument, viable with iOS and Android gadgets. The application considers a complete record of the board and value examination from your portable or tablet gadget.

Payments

Deposits

The least stores shift by account type. The most reduced store necessity is $2,000 with the authoritative record, which is somewhat high for new merchants versus different specialists. GMI offers a few installment techniques for live record stores in USD, EUR, and GBP: 

• Card installments 
• Bank wire moves 
• E-wallets 
• Skrill

Withdrawals

Global Market Index doesn’t charge for withdrawals. Tragically the intermediary doesn’t give subtleties on handling times, so customers should be ready to stand by a few days before getting any benefits.

Demo Account

The intermediary offers demo accounts on its diverse exchanging stages. Demo accounts are a decent method to get to know the steps shown and test procedures in a danger-free setting. Once fulfilled, customers are allowed to open a live record.

Bonuses

Global Market Index Limited doesn’t offer any advancements to new or existing customers; this incorporates no store rewards.

Regulation Review

The UK element, GMIUK, is authorized under the Financial Conduct Authority (FCA). The FCA is a decent administrative body and a decent sign that the specialist can be trusted. 

GMIVN is approved by the Vanuatu Financial Services Commission (VFSC). Shockingly, this office isn’t as trustworthy, considering organizations’ fast and straightforward setting with limited customer assurance.

Additional Features

Global Market Index offers minimal in the method of extra exchanging highlights. There is no instruction stage or preparing devices. Our audit needs to hail this significant drawback, especially for fledglings who may profit with additional examination highlights and learning administrations.

Accounts

The specialist offers four distinctive record types, three are MT4 accounts with STP association, and one is ECN spanning. All records present tight gliding spreads, adaptable exchange measures, and fluctuating influence to suit the necessities of various customers. 

A critical contrast between account choices is the base store prerequisite:

• MT4 Standard – $2,000 minimum deposit
• MT4 Plus – $5,000 minimum deposit
• MT4 Pro – $30,000 minimum deposit
• ECN – $100,000 minimum deposit

Benefits

• GMIUK is FCA directed 
• 24/5 client assistance with a live visit 
• The decision of exchanging stages, including industry-eminent MT4

Drawbacks

• No extra instructive apparatuses 
• High least stores beginning from $2,000 
• Restricted data around spreads and withdrawals

Trading Hours

Global Market Index observes standard available time and 24-hour exchanging hours Monday to Friday. So, exchanging meetings may fluctuate by market.

Customer Support

GMI offers a scope of client care choices, accessible 24/5: 

• Online contact structure 
• Phone at 400-606-3399 
• Email at cs@gmimarkets.com 
• Live talk motors available from the pertinent logos on the get in touch with us page

Security

The GMI bunch guarantees customer reserves are gotten in solo records. Part regions and entrance access are secret phrases secured. The MT4 stage gives innovative encryptions, secure logins, and industry-standard information protection.

GMI Verdict

Global Market Index gives freedoms to merchants of various capacities on the setup MT4 and bespoke GMI stages. So, least store necessities are high contrasted with different intermediaries, which should be considered before opening a live record.

Accepted Countries

Global Market Index acknowledges merchants from Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most different nations.

Alternatives to Global Market Index

On the off chance that you are searching for options in contrast to Global Market Index, we have incorporated a rundown of the main 5 merchants. This rundown of agents like the Global Market Index is arranged by likeness and includes organizations acknowledging merchants from your area. 

• HYCM– Trade on the monetary markets with minimal expense, utilized items at HYCM. 
• LQDFX – LQDFX offers web-based exchanging with various STP records and MT4 investigation apparatuses. 
• OctaFX – OctaFX offers multi-resource exchanging on a scope of stages and portable arrangements. 
• Dukascopy – Dukascopy is Swiss-based forex, CFD, and parallel alternatives dealer 
• IronFX  – IronFX offers internet exchanging forex, stocks, prospects, products and digital forms of money

FAQ

What trading platforms does Global Market Index offer?

GMI offers five exchanging stages: GMI MetaTrader 4, GMI Alpine Trader, GMI ClearPro, GMI MTF and GMI Currenex. The decision guarantees the two amateurs and experienced merchants are provided food.

What is the minimum deposit at Global Market Index?

The most reduced least store prerequisite is $2,000 with the standard record. This trips to a weighty $100,000 for the ECN account.

Is Global Market Index regulated?

Indeed, GMIUK is controlled and approved by the FCA. VFSC directs GMIVN. This guarantees the merchant is authorized to work in numerous locales around the world.

Does Global Market Index offer a demo account?

Indeed, a demo account is offered on exchanging stages. Brokers would then be able to pursue a live trading account when prepared.

What customer support options does Global Market Index offer?

GMI client service is available 24/5 using phone, email, online contact structure and live talk.