GMI Limited (gmimarkets.com)
Cheated by a financial organization, does not withdraw money? Do you want to check the financial company?
SCAM-broker GMI Limited
GMI is a financial service that offers its clients a wide range of tools for profitable trading on the international market. At the same time, the company raises fair doubts among professionals, so Forex Rating specialists checked information about its legality and found out whether you can trust it.
| Status |
SCAM |
| Year of foundation |
2015 |
| Affiliate program |
No |
| Regulation and jurisdiction |
Republic of Mauritius |
| Website |
gmimarkets.com |
| Contacts |
Ground Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius |
- There are many financial instruments available for trading
- There is a Russian-language layout on the site
- Anonymity of the founders of the financial company
- No educational materials for beginners
- 24/7 support not provided
- Limited information about trading conditions
- Offshore registration and no license
- Lots of negative reviews
| Trading Platform |
GMI Trading Platform GMI Mobile Platform MetaTrader4 (MT4) |
| Types of accounts |
Cent Account Standard Account ECN Account Standard Bonus Account |
| Currency |
USD, EUR |
| Deposit/withdrawal |
Credit cards Visa/Mastercard/Maestro Electronic wallets International payment systems Neteller. Skrill, FasaPay, DragonPay WireTransfer |
| Min Deposit |
15 USD |
| Leverage |
1:2000 |
| Financial Instruments |
Currency pairs, cryptocurrency, indices, commodities, precious metals, shares of large international companies, energy |
| Order execution |
Market |
| Trading Features |
A financial project that offers its clients a wide range of instruments for profitable trading on the international market and on the stock exchange. |
| Bonus |
Welcome bonuses for newbies |
GMI broker - reviews from real clients about working with another SCAM service
On GMI official website (Global Market Index) indicates that the company was founded back in 2015. In reality, data regarding the broker’s work began to appear only at the end of 2023. We also emphasized that before this time the project existed under a different name – First Trade. However, after numerous complaints, they decided to rename the service.
It is obvious that this company cannot provide truly high-quality service to its clients, as evidenced by the complete lack of guarantees and a rather poor image.
Company trading conditions
To begin with, potential clients of the company are asked to register on the service page. There is a form in which you will need to enter your personal data to register.GMI personal account. After logging into your account, you will be able to select your trading account, as well as take advantage of numerous tools for profitable trading.
Representatives of this company lure users with the presence of a demo account, but this format provides for fairly high commissions, which eliminates all possible advantages of using it. Officially, the minimum deposit here starts from $15, and the upper threshold is not indicated. It also promises no commissions and instant withdrawal of profits.
Legality of financial service
Representatives of this platform write that broker GMI officially registered and licensed by the Commission of the Republic of Mauritius. However, in practice, this regulator issues licenses to all such scammers to help them avoid liability for fraud. Therefore, we definitely cannot characterize this service as secure.
It is also important to emphasize the lack of legal documentation and real contacts for communication with support, which once again points towards the uselessness of this charade.
Which GMI reviews?
We found quite a lot customer reviews about broker GMI, which showed us the real attitude of traders towards this site. Users speak about cooperation with this company in an extremely negative way. They highlight the lack of customer support and contacts to resolve issues related to suspicious balance activity.
Victims of the SCAM project also write about the absence of a previously announced affiliate program. Instead, users are offered a rather meager range of available assets, which are simply impossible to make money on. At the same time, as a result, traders were faced only with canceled accounts and the absence of the possibility of a refund.
Conclusion
Our experts analyzed the work of the financial company GMI and found out that the project is a common scam. This is evidenced by the lack of legal documents, as well as many negative reviews about working with the site. Therefore, we advise you not to resort to the services of this scam so as not to lose money. If you have already come across scammers, we advise contact our specialists for a refund.
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FAQ
Customer reviews are one of the main criteria influencing the reputation and position of a broker in the ranking of reliable companies. You can view reviews about GMI on the main broker profile page.
You must register on the official Forex Rating website. This procedure is free and will take very little of your time. To confirm your registration, you will receive an email with a link where you will find detailed instructions on how to leave a review about the company GMI.
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Expert opinion
Today there are many financial organizations operating online that offer users favorable conditions for making money from trading and investing. However, in reality, among such companies there are more and more scammers who only deceive and rob gullible people. Therefore, users should listen to experts who advise carefully checking the data regarding the availability of a license and official documentation indicating the reliability of the service. Feedback from traders who can recommend you a truly safe financial platform can also help you.