GMI Review 2025: How to Open an Account?

As a regulated multi-asset broker who has operated for over 15 years, GMI has won a good reputation in the industry. This article will help you know GMI better, whether the key features, account opening process, or pros & cons.

First, let's take a quick look at GMI's key features via the table below:

	GMI at a Glance
Founded	2009
Registered	Saint Lucia
Regulation	FCA (UK)
Trading Instruments	Gold, oil, silver, forex, indices, stock CFDs
Demo Account	✅($10,000 in virtual funds)
Account Types	ECN, Cent, Standard, Standard Bonus
Account Minimum	15 USD
Maximum Leverage	1:2000
Spread	From 0.0 pips
Trading Platforms	GMI Edge, MT4, MT5
Deposit & Withdrawal Methods	Neteller, Skrill, etc. (vary by the region)
Promotion	✅

GMI Account

Demo Account

GMI offers free demo accounts with up to $10,000 in virtual funds on the public MetaTrader 4 and MetaTrader 5 platforms.

Free demo accounts can offer a chance for beginners to familiarize themselves with the trading interface, deposit virtual funds and develop their trading abilities.

Experienced traders can further increase their skills and test strategies, all within real market conditions with GMI's full range of instruments while checking out the technology, price spreads and quality of trade order execution.

Account Types

GMI offers four account types, ECN, Cent, Standard, and Standard Bonus.

If you are a beginner, the Cent account is your best choice, which requires only a 15 USD minimum deposit.

Of course, the Standard account is also a good choice, but it requires a higher minimum deposit of 25 USD.

In addition, currently, GMI offers a Standard Bonus account, which is equipped with the same trading conditions as the Standard account.

For professional traders, the ECN account is the most suitable one, but with a commission of $4 per lot, while no commissions for the other three account types.

All account types are swap-free and have an expert advisor.

If you are interested in GMI's account types, you can refer to the table below to learn more:

GMI Account Opening (4 Steps)

Before opening a GMI account, please ensure that GMI is available in your country.

GMI does not provide services to residents of certain jurisdictions including but not limited to the USA, EU, Sanctioned and High Risk Jurisdictions.

If you are not from the above regions, you can continue to follow us and learn about how to sign up for a GMI account.

Step 1: Go to GMI's website. Whether you want to open a GMI demo account or a live account, you can directly click the 'CREATE ACCOUNT' button.

Step 2: Fill in the required information, including your country of residence, name, date of birth, email address, and phone number.

Create a password.

Tick that you accept the Client Agreement and the Privacy Policy.

Then click the 'Continue' button.

Step 3: Click the 'Complete my Profile' button.

Step 4: Fill in personal details, contact details, and national identity details. Then click the 'Verify and proceed' button.

Upload documents to verify your ID. Then click the 'Verify ID' button.

Is GMI Legit?

GMI currently holds the only regulatory license from the Financial Conduct Authority (FCA) in the United Kingdom with license no. 677530. You can verify GMI's regulatory status and explore more details on WikiFX.

Regulated Country	Regulated by	Regulated Entity	License Type	License No.
	FCA	Global Market Index Limited	Straight Through Processing (STP)	677530

GMI Pros and Cons

Compare with Similar Brokers

Logo
Broker	GMI	ThinkMarkets	capital.com	Vantage
Regulation	FCA	ASIC, FSA, FCA, CySEC, FSA (Offshore)	ASIC, CySEC, FCA, NBRB	ASIC, FCA, CIMA/VFSC (Offshore), FSCA (General Registration)
Product Offering	Gold, oil, silver, forex, indices, stock CFDs	4,000 CFDs on forex, indices, commodities, cryptocurrencies, stocks, ETFs, futures, gold	3,000+ CFDs, shares, forex, indices, commodities, cryptocurrencies, ESG	1,000+ CFDs on forex, indices, precious metals, soft commodities, energy, ETFs, share CFDs, bonds
Demo Account	✅($10,000 in virtual funds)	✅	✅	✅ ($100,000 virtual credit)
Account Minimum	15 USD	$50	10 USD/EUR/GBP	$50
Maximum Leverage	1:2000	1:500	1:300 (professional)	1:500
Trading Platform	GMI Edge, MT4, MT5	ThinkTrader, TradingView, MT4, MT5	Mobile Apps, Desktop, TradingView, MT4	Vantage App, MT4, MT5, TradingView, ProTrader
Copy/Social Trading	✅	✅	❌	✅
Promotion	✅	❌	❌	✅
Best for	Beginners	Beginners	Beginners	Beginners

Write at the End

Overall, GMI is very simple to use. You can open a GMI account in several minutes and then start trading with a low minimum deposit and enjoy competitive trading conditions. However, if you prefer to trade with more professional brokers who can offer rich educational resources, proprietary trading tools and dedicated market analysis, GMI may not be your best choice.

FAQs

What is GMI forex?

GMI, whose full name is Global Market Index, is an FCA-regulated forex and CFD broker founded in 2009 and registered in Saint Lucia.

Can GMI use MT5?

Yes. GMI uses MT4, MT5 and its proprietary GMI Edge trading platforms.

Is GMI good for beginners?

Yes. GMI offers free demo accounts and requires a minimum deposit of just 15 USD for live accounts.

How do I open a demo account with GMI?

You can open a GMI demo account by clicking the 'CREATE ACCOUNT' button. For more details, please refer to the 'GMI Account Opening (4 Steps)' section.