Founded in 2018, GMI Edge is an offshore trading broker that provides online trading via the MetaTrader 4 trading platform, offering a variety of different asset classes, including forex, indices, precious metals, energies, and CFDs. GMI Edge has trade execution speeds from 0.05 seconds, while the spreads start from around 0.1 pips. They offer multiple account options with a leverage of up to 1:2000 and require minimum deposits from just $25.
GMI Edge Review Introduction
In this GMI Edge review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including GMI Edge.
GMI Edge Platforms & Tools
The broker provides traders with the user-friendly and sophisticated MetaTrader 4 trading platform. It is widely known for being fully customizable with an intuitive user interface and a vast array of built-in trading tools to enable traders of all experience levels to analyze the financial markets. The MT4 platform can be downloaded to Windows and Mac computers. There is the MT4 web platform that runs directly on most modern web browsers as well as mobile apps for Android and iOs devices.
GMI Edge Research & Education
There are no educational materials on the broker’s website at the moment.
GMI Edge Trading Accounts
The broker offers clients a choice of 3 main account types, which allows them to choose the account that best suits their individual trading style and goals. The account types include:
- Standard Account: The initial deposit required to operate this account types is $25. It has variable spreads and a leverage of up to 1:2000, while the trade size ranges from 0.01 lots to 50 lots. No commission is charged on trades.
- Cent Account: It requires a minimum deposit of just $2.5 and offers variable spreads. The leverage is capped at 1:1000, and there are no commission fees on trades. The minimum and maximum trade sizes are 0.01 and 150 lots respectively.
- ECN Account: It offers variable spreads whilst requiring a minimum deposit of $100. Leverage of up to 1: 500 is available. It charges traders a commission fee of $4 on every trade placed. The trade size ranges from 0.01 lots to 50 lots.
There is also the GMI Edge MAM Account, which is designed for money managers who wish to manage several accounts and complete orders for all accounts in a synchronized manner. Swap-free Islamic accounts that comply with Sharia law and the demo accounts that are used for practice purposes are available upon request.
GMI Edge Account Funding
The broker accepts a wide variety of account funding and withdrawal methods, including bank transfer, cryptocurrency payments with Bitcoin, and online payment processors, such as Neteller, Skrill, and Perfect Money. The broker states that third party payments are strictly not acceptable. Some payment methods may only be available to specific countries, while the transaction limits and processing time may vary with the payment provider or method. Accounts are denominated in USD only.
GMI Edge Customer Service
GMI Edge’s customer support is available through email, telephone, and live chat. There is also an online contact form if you wish to send them a message directly.
GMI Edge Regulation
GMI Edge is a trading name of Global Prime Limited, which is a regulated and licensed dealer in securities regulated by the Vanuatu Financial Services Commission (VFSC). GMI Edge is part of the GMI Group of companies.
GMI Edge Review Summary
In brief, GMI Edge is an online trading broker that offers multiple tradable assets. They provide clients with the powerful MT4 platform, which is available in multiple versions. The broker also has a variety of account types and convenient payment methods.
It is worth mentioning that some of the trading products and services in this GMI Edge review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the GMI Edge broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.