Gmi Global Market Index Limited Trading Accounts and Fees

What is the GMI trading account and leverage?

GMI (Gmi Global Market Index Limited) offers a variety of trading accounts designed to meet the needs of different traders. It provides ECN, Cent, Standard, and Standard Bonus accounts, each with different minimum deposit requirements and leverage options. Leverage varies depending on the account type, ranging from 1:500 for ECN accounts to 1:2000 for Standard accounts. Additionally, demo accounts are available for new traders to practice without risk, and Islamic accounts are also supported for traders who require them.

What are the trading fees at GMI?

GMI has a clear and transparent fee structure. The spreads for most accounts start as low as 0.0 pips for the ECN account. However, commission fees apply only to the ECN account, with a $4 per lot charge. The Standard and Cent accounts do not carry commissions. There are also swap fees that depend on the instrument being traded, and bonuses may be available depending on specific promotions.

FAQ: What You Want to Know Most

Q1: Does GMI charge commissions?

A1: Yes, GMI charges a commission of $4 per lot on the ECN account. The Cent, Standard, and Standard Bonus accounts do not have commissions.

Q2: Are the spreads at GMI high or low?

A2: GMI offers very low spreads, starting from 0.0 pips for the ECN account, which is below the industry average.

Q3: Does GMI offer demo accounts?

A3: Yes, GMI offers demo accounts for practice with $10,000 in virtual funds, allowing you to familiarize yourself with the platform before trading with real money.

Q4: What account types does GMI offer?

A4: GMI offers four account types: ECN, Cent, Standard, and Standard Bonus, each with varying leverage, minimum deposit, and commission structures.

Q5: What is the maximum leverage offered by GMI?

A5: GMI offers maximum leverage of up to 1:2000 on the Standard account, with 1:500 for the ECN account and 1:1000 for the Cent account.

Q6: Does GMI offer an Islamic Account?

A6: Yes, GMI supports Islamic accounts for traders who require them for Sharia-compliant trading.