| Min. Deposit | $ 15 |
| Regulator | Vanuatu Financial Services Commission, FCA |
| Website Language | English, Melayu, Thailand, Vietnam, Chinese, Indonesia, Spanish |
| Support Language | English, Melayu, Thailand, Vietnam, Chinese, Indonesia, Spanish |
| Malaysian Client Support | Yes |
| Malaysia Local Bank Deposit | Yes |
| Bonus | 30% Bonus Up To $500 On Your First Deposit |
GMI MARKETS formerly known as GMI EDGE is a Malaysian forex broker that has been in business since 2010. They offer their clients a variety of trading products, including forex, stocks, indices, and commodities. In this GMI MARKETS review, we will take a look at their platform, fees, customer service, and more to see if they are the best place to trade forex in Malaysia.
What is GMI Markets and what do they offer traders
GMI Markets founded in 2019 is an online Forex and CFD broker that offers traders a wide range of trading products and services. GMI Markets offers their clients access to the global financial markets, with over 70 currency pairs, commodities, indices, and stocks available to trade. Their trading platforms are user-friendly and provide traders with all the necessary tools and resources to help them make informed trading decisions.
Global Market Index Limited is a regulated and licensed Dealer in Securities by the Vanuatu Financial Services Commission with the registration number 14646. The registered address is at Govant Building, BP 1276 Port Vila, Vanuatu. This ensures that your money is safe and secure with GMI Markets.
| Account Information | |
| Base Currencies | USD |
| Number of FX Pairs | 41 |
| Copy Trading | Yes |
| Hedging Allowed | Yes |
| Scalping Allowed | Yes |
| Islamic Account | Yes |
| Trading Conditions | |
| Account Name | ECN, Cent, Standard |
| Min. Spread | 0.0 pips |
| EUR/USD | 1.6 pips |
| GBP/USD | 2.1 pips |
| USD/JPY | 1.6 pips |
| Max. Leverage | 1:2000 |
| Company Details | |
| Company Name | Global Prime Limited |
| Founded | 2010 |
| Website | https://gmimarkets.com |
| Office Locations | Kuala Lumpur |
| Support Email | cs.global@gmimarkets.com |
Is GMI Markets Safe for Malaysian Traders?
GMI Markets is a safe and secure Forex and CFD broker that offers traders a wide range of trading products and services. GMI Markets is regulated and licensed by the Vanuatu Financial Services Commission with the registration number 14646. Their registered address is at Govant Building, BP 1276 Port Vila, Vanuatu. GMI Markets is also regulated with FCA.
Pro
- Excellent customer service
- Wide range of products
- User-friendly platform
- Low spreads
- High leverage
Cons
- The customer service at GMI markets is not so good
- The spreads are a little bit high
- The trading platform is not so user-friendly
GMI Markets Malaysia Security & Safety of Funds.
GMI Markets is a safe place to trade Forex because the security of funds is very important to them. GMI Markets bank with the world’s top banks to maximize the safety of their client’s funds. Since GMI Markets is under or part of GMI UK that has been established in 2009 it has a big reputation and is regulated by FCA that has trusted Security and Safety funds.
Please carefully consider your financial situation and investment experience before trading any products offered by the Company.
Leverage
GMI Markets offer leverage up to 1:2000, which is much higher than the industry average. This allows traders to open larger positions with a smaller investment, and gives them the potential to make more profit with less capital at risk. Leverage can work for you as well as against you, please be aware and fully understand all risks associated with the market conditions and trading terms.
Trading Platforms
GMI Markets offers a variety of trading platforms to meet the needs of different types of traders. The most popular platform is the MetaTrader 4. The MetaTrader 4 offers a wide range of features, including charting, technical analysis, and automated trading.
GMI Markets also offers the Multi-Account Manager (MAM) and GMI Edge platforms. The Multi-Account Manager (MAM) is a platform offered by GMI Markets that allows you to trade on multiple accounts at the same time. This is helpful if you want to trade on different accounts or if you are managing multiple accounts for someone else.
The GMI Edge platform is a web-based platform that offers all the features of the MetaTrader platform, but with a more user-friendly interface. This platform is ideal for those who want to trade on the go or who want to access their account from any computer. The GMI Edge platform also offers mobile trading, so you can trade on your mobile phone or tablet.
GMI Markets Trading Instruments Offered
GMI Markets offers a variety of tradable assets, making it a great choice for traders looking for a variety of investment options. These assets include Forex, stocks, indices, commodities, and cryptocurrencies. This allows traders to find the investments that best fit their individual trading strategies.
Deposits and Withdrawals
GMI MARKETS offers a variety of options for depositing and withdrawing funds. You can use your Credit Card, Debit Card, or Bank Wire to make a deposit. For withdrawals, you can use your Credit Card, Debit Card, Bank Wire, or Skrill.
Education & Research
GMI Markets has a team of experienced and qualified professionals who are dedicated to providing quality education and research to their clients. The team offers regular webinars, trading guides, market updates, and more to help traders make informed decisions and maximize their profits.
GMI Markets Customer Support
GMI Markets has a customer support center that is open 24/5. One of the disadvantages of their customer support is that LiveChat on their website does not work and the only option to contact them is via email.
GMI Markets Account Types
GMI Markets offers three accounts types to their clients:
ECN Account
- Minimum Deposit $100
- Contract Size 100,000
- Base Currency USD
- Fixed/selection leverage Yes
- Expert Advisor Yes
- Suitable for Social Trading Yes
- Commission $4 per lot
- Max. Order 500
- Leverage 1:500
- Max. Lot 50
- Swap Free
Cent Account
- Minimum Deposit $ 15
- Contract Size 1,000
- Base Currency USD
- Fixed/selection leverage Yes
- Expert Advisor Yes
- Suitable for Social Trading No
- Commission No
- Max. Order 200
- Leverage 1:1000
- Max. Lot 150
- Swap Free
Standard Account
- Minimum Deposit $25
- Contract Size 100,000
- Base Currency USD
- Fixed/selection leverage Yes
- Expert Advisor Yes
- Suitable for Social Trading Yes
- Commission No
- Max. Order500
- Leverage 1:2000
- Max. Lot 50
- Swap Free
How to get started with GMI Markets in Malaysia?
Opening an account with GMI Markets is easy and can be done in a few simple steps:
- First, you will need to provide your personal details such as name, email address, date of birth, and phone number.
- Next, you will need to choose a username and password for your account.
- You will also need to provide some financial information such as your account balance and the amount you are looking to trade.
Once your account is set up, you can begin trading immediately.
Why Malaysian traders should consider using GMI Markets
Well for starters, GMI Markets is one of the most popular forex brokers in Malaysia. They offer a wide range of currency pairs, as well as CFDs on stocks, indices, commodities, and cryptocurrencies. So whether you’re looking to trade forex or something else, GMI Markets has you covered.
GMI Markets offers a great mobile trading app that allows you to trade on the go. So if you’re always on the go, this broker is a great option for you.
What is the advantage and disadvantage of GMI Markets?
Advantages
- A user-friendly platform of trading forex
- A wide range of markets
- Easy to deposit and withdraw money
Disadvantages
- They do not offer phone support, only email
- The company and website is difficult to navigate
Conclusion
GMI Markets is a good Forex broker that offers quality services to traders in Malaysia. GMI Markets is also a regulated broker, which means that traders can be confident about their safety and security.
Trading forex, CFDs, and any financial derivative instruments on margin carries a high level of risk and may not be suitable for all investors, as you could sustain losses in excess of your deposits. Please be aware and fully understand all risks associated with the market conditions and trading terms. Good luck!