GMG
Rating: 4.5 / 5Global Markets Group, or GMG, based in the UK, offers spread betting and CFD trading on Forex, commodities, and indices, but does not offer trading on stocks or cryptocurrencies. Overall, there’s a lot to like about GMG. While the broker only provides the MT5 platform, traders gain access to the Autochartist plug-in, enjoy competitive fees, and benefit from a strong regulatory framework.
Global Markets Group, or GMG, based in the UK, offers spread betting and CFD trading on Forex, commodities, and indices, but does not offer trading on stocks or cryptocurrencies. Overall, there’s a lot to like about GMG. While the broker only provides the MT5 platform, traders gain access to the Autochartist plug-in, enjoy competitive fees, and benefit from a strong regulatory framework.
Broker Details
- Headquarters
- United Kingdom
- Established
- 2015
- Min Deposit
- $100
- Execution
- No Dealing Desk
- Regulators
- FCA
Trading Conditions
- Retail Loss Rate
- 53.90%
- Min Raw Spreads
- 0
- Min Standard Spreads
- 1.0 pips
- Min Forex Commission
- $3.50 per standard lot per side
- Trading Hours
- Currency Pairs22:05 GMT Sunday - 22:00 GMT FridayCommoditiesSunday - MondayCrude OilSunday - MondayGold23:00 GMT Sunday - 22:00 GMT FridayMetals23:00 GMT Sunday - 22:00 GMT Friday
Accounts & Funding
- Funding Methods
- Wire transfer
- Deposit Options
- Wire Transfer
- Deposit Fees
- No
- Withdrawal Options
- Wire TransferOther
- Withdrawal Fee
- No
Trading Costs & Spreads
- EUR/USD
- 0.2 pips + commission, or 1.2 pips on standard account
- GBP/USD
- 0.3 pips + commission, or 1.3 pips on standard account
- Gold
- 0.12 + commission, or 0.29 on standard account
- Bitcoin
- N/A
- WTI Crude
- 0.028
- Inactivity Fee
- No
Platform & Features
- Trading Platforms
- MetaTrader 5
Pros
- Good raw spreads
- Autochartist tool
- Fast withdrawals
- No deposit, withdrawal or inactivity fees
Cons
- Only MT5
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