FOREX.com vs GMG Markets Comparison
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Comparison Table of FOREX.com and GMG Markets
| Broker | FOREX.com | GMG Markets |
|---|---|---|
| Rating | 4.1/5 | 3.9/5 |
| Foundation Year | 2000 | 2015 |
| Regulated in Countries | Cayman Islands, United Kingdom, United States, Cyprus, Hong Kong, Japan, Singapore, Australia | United Kingdom |
| Minimum Deposit |
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| Spread | from 0.1 points | from 0 points |
| Max Leverage | 1:50 | 1:30 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | FOREX.com Review | GMG Markets Review |
FOREX.com is suitable for traders of all levels due to its reliability, wide range of assets, and excellent customer service.
GMG Markets suits active Forex traders and scalpers who value FCA regulation, MT5, and low spreads; however, it may feel restrictive for investors and stock enthusiasts.
FOREX.com Review
FOREX.com is an excellent broker for trading in the Forex and CFD markets. They offer fast execution speeds, a wide selection of currency pairs, and other assets for trading. Their customer service is outstanding, and multiple financial authorities regulate them.
Pros and Cons of FOREX.com
Pros
- Broker with many years of history and a global reputation.
- A variety of deposit methods.
- A wide variety of available markets and products.
- Advanced analytical tools and daily updates from the company's professionals.
- Comprehensive educational materials for all levels of traders.
Cons
- Lack of specialized accounts.
- High transaction fee on DMA Account.
FOREX.com is in the top 10 of the following ratings:
GMG Markets Review
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 1:100 under Pro status. Investors, diversification enthusiasts, or those needing a multitude of platforms and services might be better served by more versatile providers.
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.
- Minimum deposit of $200 — higher than brokers offering cent/micro accounts.
- No e-wallets or cryptocurrencies available for transactions.
- Investor services are lacking — no copy trading, PAMM, contests, or comprehensive fundamental analysis.
Reliability
| Broker | FOREX.com | GMG Markets |
|---|---|---|
| Reliability | 5/5 | 5/5 |
| Foundation Year | 2000 | 2015 |
| Regulated in Countries | Cayman Islands, United Kingdom, United States, Cyprus, Hong Kong, Japan, Singapore, Australia | United Kingdom |
| Regulators | CIMA CIMA FCA FCA CIRO CIRO CySEC CySEC NFA NFA CFTC CFTC SFC SFC JFSA JFSA MAS MAS ASIC ASIC | FCA FCA |
FOREX.com
The company is strictly regulated, has a long-standing market presence, and is open to investors.
Pros
- Broad global regulation.
- Long-term market presence.
- Parent company traded on NASDAQ.
GMG Markets
Since 2016 under FCA oversight, GMG Markets holds client funds in segregated accounts and qualifies for FSCS protection.
Pros
- FCA License — Tier-1 regulator
- Funds segregation + FSCS compensation up to £85,000
- STP/NDD model without dealer intervention
Cons
- Single jurisdiction (FCA), no additional licenses
Account Opening
| Broker | FOREX.com | GMG Markets |
|---|---|---|
| Account Opening | 4/5 | 4.5/5 |
| Minimum Deposit |
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FOREX.com
The account opening process at FOREX.com is quite standard but potentially prolonged due to required verification.
Pros
- Transparent registration process.
- Strict verification for security.
Cons
- Verification may take time.
- A lot of information is required.
GMG Markets
GMG Markets onboarding is quick and efficient: registration takes 5–7 minutes, with verification under 1 business day. However, a $200 deposit and extensive KYC may deter beginners.
Pros
- Online registration in 5–7 minutes
- Document verification within 1 day
Cons
- Minimum deposit of $200
- Detailed KYC form
Account Types
| Broker | FOREX.com | GMG Markets |
|---|---|---|
| Account Types | 3.5/5 | 3.8/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.1 points | from 0 points |
| Max Leverage | 1:50 | 1:30 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
FOREX.com
FOREX.com offers standard account types that satisfy most traders, but some essential accounts are missing.
Pros
- Direct Market Access account available.
- Demo account for strategy testing.
- The ability to trade on behalf of a company.
Cons
- No cent accounts.
- No Islamic accounts.
- No options for passive investing.
GMG Markets
Only two main accounts — Standard and Raw Spread — cater to basic requirements, but the absence of cent or fixed-spread accounts, copy trading, PAMM, and contest services limits variety.
Pros
- Commission-free Standard, and zero-spread Raw account
- Islamic account and spread-betting options for niche segments
- Complimentary VPS with required turnover
Cons
- No cent/fixed-spread account
- Lack of copy trading, PAMM, contests
Commissions
| Broker | FOREX.com | GMG Markets |
|---|---|---|
| Commissions | 2.2/5 | 3.5/5 |
| Spread | from 0.1 points | from 0 points |
| Average Spread (EURUSD) | 1.3 | 1.2 |
| Commission per Lot | $6.48 | $3.5 |
FOREX.com
FOREX.com's commissions are above average. Conditions can be improved for traders with high volumes.
Pros
- Potential reduction in commissions with increased trading volume.
- Rebate program for major American traders.
- No fees for deposits and withdrawals.
Cons
- High transaction commission on DMA accounts.
- Inactivity fee.
- High swaps.
GMG Markets
GMG Markets offers a transparent fee structure: one account includes all charges within the spread, while another charges a small fee with a minimal spread. Deposits and withdrawals are free, no inactivity fee is applied, though swaps are slightly above average.
Pros
- No inactivity fees
- Free deposits and withdrawals
Cons
- Swaps are above average
Deposit and Withdrawal
| Broker | FOREX.com | GMG Markets |
|---|---|---|
| Rating | 4.3/5 | 4/5 |
| Account Funding Methods |
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FOREX.com
FOREX.com provides diverse and convenient methods for depositing and withdrawing funds with low costs and reasonable processing times.
GMG Markets
Card and bank transfers are swift and fee-free, but the absence of e-wallets and cryptocurrencies limits options.
Pros
- Commission-free transactions
- Instant card funding
Cons
- No e-wallets
- No cryptocurrencies
Markets and Products
| Broker | FOREX.com | GMG Markets |
|---|---|---|
| Markets and Products | 4.5/5 | 2.5/5 |
| Forex | 91 | 64 |
| Precious Metals | 16 | 13 |
| Energy Carriers | 14 | 3 |
| Soft Commodities | 22 | - |
| Indices | 54 | 17 |
| Stocks | 5500 | - |
| ETF | 318 | - |
| Bonds | 14 | - |
| Cryptocurrency | 12 | - |
FOREX.com
Although its leverage is relatively low, FOREX.com offers an extensive selection of markets and products.
GMG Markets
The instrument range is limited: primarily currency pairs, indices, and commodities; with no stocks, cryptocurrencies, or a broad commodity selection, diversification falls short compared to competitors.
Pros
- 64 currency pairs
- Major indices and metals
Cons
- No CFDs on stocks
- No cryptocurrencies
- Limited commodity selection
Trading Platforms
| Broker | FOREX.com | GMG Markets |
|---|---|---|
| Rating | 5/5 | 3.5/5 |
| Trading Platforms |
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FOREX.com
FOREX.com provides a wide choice of trading platforms, including MT4, its proprietary platform, NinjaTrader, and TradingView, supporting all formats - online, desktop, and mobile applications.
GMG Markets
The sole available platform, MT5, offers rich functionality, but the lack of alternatives reduces flexibility.
Pros
- Fully featured MT5
- Desktop, web, and mobile applications
Cons
- No MT4, cTrader, TradingView
- Essentially a single platform option
Analytics
| Broker | FOREX.com | GMG Markets |
|---|---|---|
| Rating | 5/5 | 3/5 |
FOREX.com
Analytics at FOREX.com is a powerful tool for traders, providing extensive information and in-depth market analysis.
GMG Markets
Autochartist and a daily news feed provide basic analysis, but the lack of proprietary research and in-depth fundamental analysis diminishes overall utility.
Pros
- Complimentary Autochartist
- Market news
Cons
- No proprietary research
- Weak fundamental analysis
Education
| Broker | FOREX.com | GMG Markets |
|---|---|---|
| Rating | 5/5 | 4/5 |
FOREX.com
FOREX.com offers a rich educational program suitable for all levels of traders, enhancing the user experience.
GMG Markets
The foundational materials (webinars, articles, videos) are sufficient for beginners, but for in-depth learning and advanced coursework, external resources may be needed.
Pros
- Regular free webinars
- Novice-oriented article base
- Recordings available 24/7
Cons
- No advanced courses
- No podcasts or multilingual programs
Customer Support
| Broker | FOREX.com | GMG Markets |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Facebook
Twitter
YouTube
LinkedInFOREX.com
FOREX.com provides excellent technical support with fast and professional service, available 24/7.
GMG Markets
The broker provides 24/5 support via chat, phone, and e-mail, with responses typically within minutes.
Pros
- Online chat and phone support 24/5
- Rapid response
- Competent representatives
Cons
- No weekend support
- Delays during peak demand
