GMG Markets Overview
| Website | gmgmarkets.co.uk |
| Year Founded | 2015 |
| Countries of Registration | United Kingdom |
| Website Languages | English |
| Regulators | FCA |
| Broker Type | STP |
| Dealing | A-book |
| Minimum Deposit | $100 |
| Account Currencies | USD, EUR, GBP |
| Spread | low |
| Trading Platforms | MetaTrader 5 (MT5) |
| Trading Assets | Currencies, Commodities (metals, energies), Indices |
In a world where trading can feel overwhelmingly complex, GMG Markets emerged with a vision to simplify the journey for traders of all backgrounds. Founded in the mid-2010s, this broker has carved out a niche for itself by providing a streamlined trading experience on the highly regarded MetaTrader 5 platform. With a focus on a straightforward two-account structure, GMG Markets caters to both novices seeking an accessible entry point and seasoned traders who value precision and flexibility. Positioned as a trusted ally for UK traders, GMG Markets offers a carefully curated selection of assets, including currencies, commodities, and indices. The commitment to transparency is evident in their absence of withdrawal fees and inactivity charges, ensuring that traders can focus on their strategies without unnecessary distractions. With dedicated client support and a robust infrastructure, GMG Markets stands ready to empower traders as they navigate the exhilarating world of financial markets.
Brief look at GMG Markets
GMG Markets is the trading brand of Global Markets Group Limited, an FCA-authorised firm based in the UK. The broker focuses on a simple, two-account setup on MetaTrader 5: a commission-free Standard account with spreads from about 1 pips, and a Raw Spread account with 0.0-pip pricing plus a fixed $7 round-turn commission. The UK entity offers a focused product list across forex, indices, and commodities, with maximum retail leverage capped at 1:30.
Pros
- UK FCA supervision; segregated client funds; potential FSCS protection up to £85,000
- Free VPS offering for automated strategies
- No broker fees for deposits/withdrawals; no inactivity fee reported
Cons
- Platform choice limited to MT5
- No copy/social trading
- Crypto-CFDs unavailable to UK retail clients; share/ETF CFDs not offered on UK site
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GMG Markets Reviews
GMG Markets has been a fantastic broker for my trading journey. The login process is seamless, and I appreciate the variety of account types available. The minimum deposit is reasonable, making it accessible for new traders. I've also enjoyed the demo account feature to practice before going live. Highly recommend!
9/15/2023I recently signed up with GMG Markets and have had a positive experience overall. The MT5 platform is user-friendly, and the spreads are competitive. The withdrawal time is quite fast, which is a big plus. I also took advantage of their bonus offer, which made my trading more enjoyable.
10/2/2023While GMG Markets offers a decent trading experience, I found the app to be a bit laggy at times. The leverage options are good, but I expected a more straightforward process for withdrawing funds. Overall, it's a solid broker, but there's room for improvement.
8/25/2023I enjoy trading with GMG Markets, especially using MT4. Their customer service has been responsive when I've had questions about account types. The demo account helped me practice strategies. Just wish the spreads were slightly lower, but overall a solid broker for forex trading.
10/10/2023My experience with GMG Markets has been mixed. The sign-up process was straightforward, but I faced some issues with the withdrawal time, which was longer than expected. The platform is decent, but I think they could improve their services, especially for new traders.
7/30/2023Leave a Review
Is GMG Markets regulated?
| Companies | Global Markets Group Limited |
| Countries | United Kingdom |
| Regulators | FCA |
| Investor Protection | Financial Services Compensation Scheme (FSCS) |
| Investor Protection Size | £85 000 |
| Publicly Traded | |
| Segregated Accounts | |
| Guaranteed Stop Loss | |
| Negative Balance Protection |
GMG Markets Account Types
| Property | Standard | Raw Spread |
|---|---|---|
| Min Deposit | $100 | $1200 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 1 pips | 0.0 pips |
| Fee | No | $7 per 1 lot |
| Max Leverage | 1:30 | 1:30 |
| Stop Out | 50% | 50% |
| Margin Call | 100% | 100% |
Additional Features
- Demo Account
- VIP Account
- Swap-Free Account
- Copy Trading
- VPS
- PAMM/MAM Accounts
GMG Markets Funding and Fees
| Base currencies | USD, EUR, GBP |
| Deposit and withdrawal methods | Bank Wire, Visa, Mastercard |
| Inactivity fee | |
| Interest on margin | |
| Withdrawal Fee |
GMG Markets Trading Platforms and Conditions
| Trading Platforms | MetaTrader 5 (MT5) |
| Execution Speed | - ms |
| Scalping | |
| Expert Advisors (EAs) | |
| Depth of Market (DOM) | |
| Spread | low |
GMG Markets Trading Assets
| Currencies | 64 |
| Indices | 17 |
| Stocks | 0 |
| Cryptocurrencies | 0 |
| Bonds | 0 |
| Metals | 13 |
| Energies | 3 |
| Soft Commodities | 0 |
| ETFs | 0 |
Education and Analytics
| Economic Calendar | |
| Indicators | |
| Robots | |
| Signals | |
| Autochartist | |
| Expert Analytics | |
| News Feed | |
| Education Articles | |
| Webinars | |
| Seminars |
GMG Markets Support
| info@gmgmarkets.co.uk | |
| Phone | +442038653306 |
GMG Markets Alternatives
| Broker | GMG Markets | FxPro | Admirals | ActivTrades | Axi | AvaTrade |
|---|---|---|---|---|---|---|
| Type | STP | STP, MM | STP | MM | STP | MM |
| Minimum Deposit | $100 | $1 | $25 | $1 | $1 | $100 |
| Regulators | FCA | FCA, CySEC, FSCA, SCB | CySEC, JSC, FCA, EFSA, ASIC, FSCA, CMA, SFSA | SCB, FCA, CMVM, CSSF, CONSOB, CVM | SVGFSA, ASIC, NZ FMA, DFSA, FCA | Central Bank of Ireland, KNF, FCA, BVIFSC, ASIC, FSCA, JFSA, JFFA, FSRA, ISA, CIRO |
| Platforms | MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, FxPro Edge | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5), ActivTrader, TradingView | MetaTrader 4 (MT4), Axi Trading Platform | MetaTrader 4 (MT4), MetaTrader 5 (MT5), AvaTradeGO |
| Spread | low | low | low | low | low | low |
| Leverage | 1:30 | 1:500 | 1:1000 | 1:400 | 1:500 | 1:400 |
| Assets | Currencies, Commodities (metals, energies), Indices | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Bonds, Metals, Energies, Soft Commodities, Cryptocurrencies | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Shares (CFDs), Commodities, Cryptocurrencies | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities |
Is GMG Markets Right for You?
GMG Markets stands out as a robust option for traders seeking a regulated environment with UK FCA supervision. The broker offers a simple account setup on MetaTrader 5, competitive spreads, and several advantages such as segregated client funds, potential FSCS protection, and no fees for deposits or withdrawals. Additionally, the absence of an inactivity fee makes it appealing for both active and infrequent traders alike. However, potential users should be aware of some limitations. GMG Markets restricts its platform choice to MetaTrader 5, lacking options for copy or social trading, which may not cater to all trading styles. Furthermore, UK retail clients cannot access crypto-CFDs, and share/ETF CFDs are not available on the UK site, which could deter those interested in diverse asset classes. In summary, GMG Markets is well-suited for traders who prioritize regulatory security and straightforward trading conditions, particularly in forex and indices. Conversely, those seeking a broader range of trading platforms and asset types may want to explore alternative brokers.
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.
