GMG Markets Review 2026
Highlights of GMG Markets
GMG Markets is a comprehensive broker offering a full range of services for trading in the Forex and CFD markets. It is equally suited for active self-directed trading as well as for investment strategies featuring automatic trade copying.
Traders have access to several account types with spreads starting from 0.2 pips. Scalping and algorithmic expert advisors are permitted, and orders are executed on a server cluster without dealer intervention. The MT5 platform is augmented with Autochartist analytics, VPS hosting, and rapid fund withdrawal capabilities.
Investors who prefer not to spend time on independent analysis can subscribe to hundreds of free and paid signals in the MT5 marketplace, build a portfolio in minutes, and earn passive income as the system mirrors the trades of selected traders.
Pros and Cons of GMG Markets
Pros
- Robust regulation — FCA license, segregated accounts, FSCS protection.
- Transparent fee structure — Standard account with zero commission, Raw account with zero spreads and fixed fee.
- MT5 + Autochartist — comprehensive desktop, web, and mobile platforms, algorithm support, integrated chart pattern scanner.
- VPS hosting — complimentary with required monthly turnover.
- 24/5 tech support — chat, phone, and e-mail typically respond within minutes.
Cons
- Limited instrument selection — only Forex, a few indices, and commodities.
- Single platform offering — no MT4, cTrader, TradingView, or proprietary web terminal.
- No e-wallets or cryptocurrencies available for transactions.
- Investor services are lacking — no copy trading, PAMM, contests, or comprehensive fundamental analysis.
GMG Markets Reviews
Leave a review of your experience:
GMG Markets Broker Overview
- Foundation Year
- 2015
- Official Website
- https://gmgmarkets.co.uk
- Regulated in Countries
United Kingdom
More Details- Minimum Deposit
- 100 USD
- Spread
- from 0 points
- Max Leverage
- 1:30
- Trading Assets
- Forex
- Precious Metals
- Energy Carriers
- Indices
- Trading Platforms
- MetaTrader 5
- Email Support
- Hotline Phones
GMG Markets is a brokerage company focused on the Forex and CFD markets. It offers clients high order execution speeds on the MetaTrader 5 platform, spreads from 0.2 pips, and a genuine STP/NDD model with no dealer intervention.
The company is managed by Global Markets Group Limited, registered in England and Wales in March 2015 and regulated by the UK Financial Conduct Authority (FCA) since September 2016. GMG Markets regularly participates in industry exhibitions and educational events, where its experts discuss market trends and demonstrate proprietary technological solutions aimed at improving trading conditions for clients.
GMG Markets is in the top 10 of the following ratings:
GMG Markets Review Summary
- FCA License — Tier-1 regulator
- Funds segregation + FSCS compensation up to £85,000
- STP/NDD model without dealer intervention
- Single jurisdiction (FCA), no additional licenses
In our review of GMG Markets, we applied our broker evaluation methodology, developed to ensure maximum accuracy, transparency, and depth of analysis. This approach encompasses a detailed examination of trading conditions, verification of client support reliability, nuances of fund withdrawals, the quality of educational materials, and many other critical indicators.
Continue reading to discover all the key features of GMG Markets and understand the advantages it can offer you.
Reliability and Regulation
| Legal Entity | Regulator |
|---|---|
Global Markets Group Limited Global Markets Group Limited | FCA FCA |
GMG Markets is managed by Global Markets Group Limited, registered in England and Wales and operating under the supervision of the UK Financial Conduct Authority (FCA) since September 2016. The direct oversight by the FCA mandates that client funds be maintained in segregated accounts, enforces strict capital requirements, and entitles traders to compensation of up to £85,000 via the FSCS in the event of the broker’s insolvency—widely regarded as one of the most robust levels of protection globally.
In nearly a decade of operation, the company has never been involved in any major scandals or legal disputes.
Account Opening
Opening an account with GMG Markets is entirely online: the application form is completed in 5-7 minutes, documents are uploaded directly from your browser, and the application decision usually arrives within one business day.
Account Registration
The registration process begins by selecting a trading platform, base currency, and account type. You then provide your full name, country, complete residential address, phone number, email, and, if applicable, a referral code.
The application includes standard questions regarding US tax status, source of funds, and trading experience. Once the user consents to the declarations, the application is submitted for review.
Verification
For KYC verification, the broker requires only two documents:
- Proof of identity (passport / ID card);
- Proof of address (utility bill or bank statement not older than 3 months).
Uploads are performed via a secure form. Document verification and complete account verification take from a few hours to one business day.
Minimum Deposit
The minimum deposit for opening an account with GMG Markets is 100 USD. This is an average industry threshold: it is higher than that of brokers offering cent or micro accounts (10–50 USD), but significantly lower than the premium segment minimums (500–1,000 USD and above). For most retail traders, this amount is accessible—it allows testing the service under real market conditions without significant financial pressure, though newcomers with limited budgets might find it slightly steep.
Account Types
GMG Markets effectively offers two retail accounts—Standard and Raw Spread. There is no cent or fixed-spread account, copy trading services, PAMM platform, or trader contests, so the needs of novice traders and passive investors are only partially met.
Trading Accounts
| Standard | RAW Spread | |
|---|---|---|
| Account Currency | USD, EUR, GBP | |
| Minimum Deposit | 100 $ | |
| Trading Platforms | MetaTrader 5 | |
| Spread | floatingfrom 1 pipsfor EURUSD~ 1.2 pips | floatingfrom 0 pipsfor EURUSD~ 0.2 pips |
| Commission per Trade | per 1 lot3.5 $ | |
| Trading Assets | ForexPrecious MetalsEnergy CarriersIndices | |
| Opened Positions | — | |
| Leverage | 1:1-1:30 | |
| Margin Call / Stop Out | 100% / 50% | |
| Order Execution | STP | |
| Demo Account | ||
| Islamic Account | ||
GMG Markets offers two basic retail models on MT5:
- Standard — an ‘all-in-spread’ option where commissions are embedded in the quote; spreads start from 1 pip and no commission per lot is charged, making it ideal for beginners and those who prefer to know costs upfront. The minimum deposit is 100 USD, which is mid-range and accessible for most retail traders.
- Raw Spread is designed for scalpers, algorithmic traders, and high-volume market participants: spreads from 0, a commission of $3.5 per side, access to liquidity pools, and execution in under 1 ms on London servers.
Pro Account
Experienced traders can apply for the Elective PRO account. Once the qualification is confirmed, the broker increases the leverage to up to 1:200 and removes certain retail restrictions, though the minimum deposit jumps to 10,000 USD, and FSCS protection may no longer apply. This account is intended for active market participants with a portfolio of ≥ €500,000 or equivalent trading experience.
Demo Account
A free demo account can be opened in approximately 30 seconds directly on the website; it supports the same platforms, instruments, and volumes as real accounts. The virtual funds balance is preset at account creation, with no expiration date, allowing you to test strategies without risk indefinitely.
Spread Betting
For UK residents, a separate Spreadbet Account is available: it offers trading on the same instruments but with tax advantages (no CGT and no Stamp Duty). The account is commission-free, with lot sizes quoted as ‘£ per pip’ and leverage up to 1:30, making it attractive for traders who prioritize fiscal optimization and long/short flexibility.
Islamic Account
GMG Markets can convert any Standard or Raw Spread account to an Islamic (Swap-Free) format upon request. No rollover interest is charged; instead, a fixed fee is applied on certain exotic pairs. This account is intended for Muslim traders following Sharia law and maintains all other trading conditions of the base account.
VPS
The broker provides a free Forex VPS upon meeting the minimum monthly trading volume (or it can be ordered for a fee). The servers are located in LD4 (London) and in over 15 additional data centers worldwide.
Commissions
GMG Markets adheres to a transparent pricing model: free deposits/withdrawals, no inactivity fee, and two main trading accounts that primarily differ in the cost structure.
Trade Commission
On the Raw Spread account, a fixed fee of $3.5 per side ($7 per round lot) is applied, consistent with the average among ECN brokers.
| Broker | FP MarketsRaw | LibertexMT5 Market | GMG MarketsRAW Spread | EightcapRaw | RoboforexECN |
|---|---|---|---|---|---|
| Commission per lot | $3 | $3 | $3.5 | $3.5 | $2.36 |
Spreads and Swaps
On the Standard account, the average EUR/USD spread hovers between 1.1–1.3 pips, close to the industry average. Overnight fees are slightly above the market norm.
| Asset | Average spread | Swap long | Swap short |
|---|---|---|---|
| EURUSD | 1.2 pips | -11.83 pips | 3.43 pips |
| GBPUSD | 1.4 pips | -4.16 pips | -2.21 pips |
| AUDUSD | 1.4 pips | -2.34 pips | -0.91 pips |
| USDCAD | 1.7 pips | 2.31 pips | -11.31 pips |
| USDCHF | 1.6 pips | 5.88 pips | -15.34 pips |
| USDJPY | 1.4 pips | 9.31 pips | -25.87 pips |
Inactivity Fee
GMG Markets does not impose an inactivity fee: even if no transactions occur for over 90 days, the account balance remains unaffected by any additional charges.
Deposit and Withdrawal
Depositing by bank card and bank transfer is fast and commission-free; however, in accordance with FCA requirements, the broker does not support e-wallets, local payment services and cryptocurrencies, so the choice of methods is limited to fiat methods.
Account Funding
| Payment System | Currencies | Deposit Fee | Operation Limit |
|---|---|---|---|
 Bank Transfer |  USD EURGBP | 0% | — |
 Visa | USDEURGBP | 0% | — |
 Mastercard | USDEURGBP | 0% | — |
GMG Markets accepts three primary currencies — USD, EUR, and GBP — and offers two main channels for depositing funds:
- Bank Transfer: within the UK, transfers are almost instantaneous; international transfers take 2-5 business days; the broker does not charge any fees.
- Visa / Mastercard: deposits are made in the client dashboard, funds appear immediately; the broker’s commission is 0%.
The minimum deposit amount is the same as the account opening threshold — 100 USD (or equivalent).
Withdrawal
| Payment System | Currencies | Withdrawal Fee | Operation Limit |
|---|---|---|---|
| Bank Transfer | USDEURGBP | 0% | — |
| Visa | USDEURGBP | 0% limitscommission limits | — |
| Mastercard | USDEURGBP | 0% limitscommission limits | — |
Withdrawal requests are submitted via the secure client area.
- UK banks (Faster Payments) — funds are received almost immediately;
- International bank transfer — 2-5 business days.
All requests are processed by the broker within 24 hours if received before 14:00 BST; GMG Markets does not charge fees, though intermediary bank charges may apply at the client’s expense.
Markets and Products
GMG Markets covers basic asset classes, which suffices for purely forex or index strategies, but is notably more limited compared to competitors offering stocks, cryptocurrencies, and hundreds of additional instruments. Therefore, traders seeking a broader portfolio or diversification beyond FX and major indices might need to consider alternatives.
Which Assets are Available?
| Broker | FP Markets | GMG Markets | Libertex |
|---|---|---|---|
| Forex | 81 | 64 | 51 |
| Precious Metals | 17 | 13 | 5 |
| Energy Carriers | 5 | 3 | 6 |
| Soft Commodities | 7 | — | 6 |
| Indices | 18 | 17 | 36 |
| Stocks | 566 | — | 139 |
| ETF | 58 | — | 10 |
| Bonds | 2 | — | 3 |
| Cryptocurrency | 12 | — | 79 |
GMG Markets focuses on classic markets: the MT5 platform provides access to 64 currency pairs, 17 stock indices (FTSE 100, DAX 40, S&P 500, etc.) and 16 commodities, including gold, silver, WTI/Brent oil and natural gas. All of the above assets are available for both classic CFD trading and Spread Betting, which allows traders to choose the most suitable tax regime. Stocks, cryptocurrencies and bond CFDs are still not in the lineup, so the arsenal covers the basic needs of speculators, but leaves out those who are looking to trade stocks or digital assets.
Leverage
| Trading Instrument | Max. Leverage for Retail Traders | Max. Leverage for Pro Traders |
|---|---|---|
| Forex | 1:30 | 1:200 |
| Precious Metals | 1:20 | 1:20 |
| Energy Carriers | 1:10 | 1:10 |
| Indices | 1:20 | 1:20 |
For retail clients, the broker adheres to FCA/ESMA leverage limits: up to 1:30 for major Forex pairs, 1:20 for gold and major indices, and 1:10 for other commodities. Experienced traders with Elective Professional status can obtain leverage up to 1:200, though this comes at the expense of certain regulatory protections (for example, negative balance protection is no longer guaranteed).
Trading Platforms
GMG Markets provides access only to MetaTrader 5—a powerful terminal featuring 21 timeframes, algorithmic trading, and copy trading services; available on desktop, web, and mobile devices, it meets the requirements of most traders. However, the lack of alternatives (such as MT4, cTrader, TradingView or a proprietary web platform) significantly restricts your choices.
MetaTrader 5
GMG Markets uses a single trading environment—MetaTrader 5 (MT5)—which is available as a desktop, web, and mobile platform and connects to the same London-based servers as real accounts. Clients can install the Windows or macOS version, access WebTrader via any browser, or download the iOS/Android applications; in every case, the same login and password are used. The platform supports 21 timeframes, over 30 built-in indicators, more than 40 graphical objects, Level II market depth, hedging and netting modes, as well as algorithmic trading in MQL5 with the ability to backtest strategies on historical data.
Analytics
GMG Markets provides traders with a basic yet useful set of analytical tools: free Autochartist automatically scans the market and sends ready-made setups, while the proprietary news feed is updated several times a day. However, beyond this the tools largely end—there are no in-house research reports or deep fundamental analysis, meaning advanced traders must rely on external sources.
Autochartist
All GMG Markets clients receive free access to Autochartist—a service that automatically identifies chart patterns, support/resistance levels, and calculates volatility.
Market News
Brief news summaries covering macroeconomics, corporate events, and commodity markets are published on the website and within the client area. The news feeds are updated several times daily and are supplemented by an economic calendar; this provides traders with timely context that can be immediately aligned with the technical signals from Autochartist.
Education
GMG Markets offers a practical education base—regular interactive webinars with recordings, a selection of articles, and short video tutorials on MT5—which is sufficient for beginners to grasp the basics; however, advanced courses, podcasts, multilingual programs, and certified training are lacking, so the depth and diversity of materials fall short of market leaders.
Webinars and Workshops
GMG Markets hosts free webinars two to three times per month. Topics range from an in-depth analysis of the MACD-v indicator to step-by-step momentum trading strategies and risk management techniques. The format is interactive: following an hour of theory, participants examine live charts and can ask the speaker questions. Recordings are uploaded to the client library, so the material is available at any time.
Educational Guides
The broker’s website features an Education section with a series of articles on 'Basics of Trading', e-guides on technical and fundamental analysis, and short video tutorials on using MT5 (including creating Expert Advisors and setting up VPS). The guides are structured by difficulty level and are supplemented with illustrations, which helps beginners get started independently and allows experienced traders to quickly refresh specific topics.
Customer Support
GMG Markets offers three communication channels, all operating 24/5; chat and telephone responses typically arrive within minutes, and email inquiries are handled within a couple of hours. Users commend the competence of the support team and their clear solutions, although minor delays can occur during periods of high demand.
How to Contact Support?
- Online chat on the website — chat window located at the bottom right corner
- E-mail: info@gmgmarkets.co.uk
- Telephone: +442038653306 (London).
Support Operating Hours
Operators are available 24/5: from Monday 00:00 GMT to Friday 22:00 GMT. Email inquiries are usually processed within two hours; telephone and chat responses are almost instantaneous during business hours.
Support Reviews
Testing revealed rapid connectivity and knowledgeable responses across all channels. Clients on Myfxbook praise the 'straightforward and courteous' assistance. However, a few reviews mention occasional delays during high demand. Overall, the support is considered reliable, though not without isolated hiccups.
GMG Markets Alternatives
Looking for GMG Markets alternatives? Compare key features of GMG Markets against its competitors.
| Broker |  World Forex |  Gerchik & Co | GMG Markets |  Axi |  BDSwiss |
|---|---|---|---|---|---|
| Rating | 4/5 | 3.9/5 | 4/5 | 4/5 | 3.9/5 |
| Minimum deposit |
|
|
|
|
|
| Spread | from 0 points | from 0 points | from 0 points | from 0 points | from 0 points |
| Trading platforms |
|
|
|
|
|
| Reviews | World Forex review | Gerchik & Co review | Axi review | BDSwiss review | |
| Broker comparison | GMG Markets vs World Forex | GMG Markets vs Gerchik & Co | GMG Markets vs Axi | GMG Markets vs BDSwiss |
If you want to compare GMG Markets with other forex brokers in more detail, go to the Forex Brokers Comparison page.
Conclusion
GMG Markets is a niche broker primarily designed for active FX traders, scalpers, and algorithmic traders who only need two well-optimized accounts. The MT5 platform provides a comprehensive toolkit for both manual and automated trading, Autochartist supplements basic technical analysis, and 24/5 support responds swiftly and effectively.
This broker is ideal for those who appreciate transparent fees, swift fund withdrawals, and FCA regulation but do not require an extensive product lineup or copy trading services. Novice traders can test the live markets and undergo basic training via webinars, whereas professionals can access leverage up to 1:200 under Pro status. Investors, diversification enthusiasts, or those needing a multitude of platforms and services might be better served by more versatile providers.
FAQ
Is GMG Markets legit?
Yes. The broker is operated by Global Markets Group Limited, authorised and regulated by the UK Financial Conduct Authority (FCA, FRN 744501). Always verify the URL (gmgmarkets.co.uk) and licence number to avoid copy-cat scams.
Which country is GMG Markets from?
GMG Markets is a UK-based broker headquartered in London and supervised by the FCA.
Is GMG Markets an ECN broker?
It runs a true STP/NDD setup. The Raw Spread account streams “raw” liquidity with a small commission—an ECN-style pricing model—but the company itself aggregates quotes rather than operating its own ECN venue.
How does GMG Markets make money?
Through the spread markup on Standard accounts, a fixed commission on Raw Spread accounts, plus overnight swap/financing charges. No fees are taken on deposits, withdrawals or inactivity.
Is GMG Markets good for beginners?
It can be: MT5 is user-friendly, the minimum deposit is USD 100 and basic webinars are available. However, education is limited and only two account types exist, so absolute beginners might want broader learning resources.
Does GMG Markets offer a demo account?
Yes. A free, unlimited MT5 demo can be opened in seconds with virtual funds and no KYC.
How can I open an account with GMG Markets?
Click “Open Live” on the website, complete the five-step online form (personal data, suitability, finances), upload ID + address proof, then fund the account once verification is approved (usually within 24 hours).
How can I delete my GMG Markets account?
Contact support via live chat or e-mail (info@gmgmarkets.co.uk) requesting closure. After confirming zero balance and no open positions, the team will deactivate the profile and erase personal data.
What is the minimum deposit for GMG Markets?
USD 100 (or the equivalent in EUR/GBP) for both Standard and Raw Spread accounts.
What is the maximum leverage on GMG Markets?
Retail clients: up to 1:30 (major FX). Elective Professional clients: up to 1:200.
How do I deposit funds in an GMG Markets account?
Log in to the client portal → Deposit → choose Visa/Mastercard or bank wire (SWIFT/SEPA/UK Faster Payments) → follow the prompts. Card deposits are instant; wires clear in 2-5 business days.
How do I withdraw money from GMG Markets?
Submit a withdrawal request in the portal. Funds are returned to the original payment method—cards usually within 24 hours after approval; bank wires take 2-5 business days. GMG Markets charges no withdrawal fee, but intermediary banks may.
Does GMG Markets provide VPS?
Yes. A low-latency VPS located in LD4 is free once you meet the required monthly trading volume; otherwise, it’s available on a paid plan.
Is GMG Markets suitable for scalping?
Absolutely. The Raw Spread account offers near-zero spreads and fast execution, and GMG permits scalping strategies and EAs.
Is GMG Markets suitable for auto-trading?
Yes. MT5 fully supports Expert Advisors (EAs), custom indicators and algorithmic trading, plus the broker offers VPS hosting for uninterrupted operation.
Is GMG Markets suitable for hedging?
Yes. MT5 hedging mode is enabled, allowing multiple positions in the same instrument without restrictions.
Is GMG Markets suitable for spread betting?
Yes, but only for UK residents. GMG offers a dedicated MT5 Spread Betting account with tax advantages under UK law.
