Company Summary
Global Markets Group is a broker which offers a variety of trading assets, including Forex, CFD shares, Commodities, Indices, Crypto CFDs and Metals with leverage up to 1:100 and spread from 0 pips on MT5 and web-based trading platform.
| Global Markets Group Review Summary | |
| Founded | 2015 |
| Registered Country/Region | United Kingdom |
| Regulation | FCA (Suspicious Clone) |
| Market Instruments | Forex, CFD shares, Commodities, Indices, Crypto CFDs, Metals |
| Demo Account | ✔ |
| Leverage | Up to 1:100 |
| Spread | From 0.0 pips |
| Trading Platform | MT5 |
| Min Deposit | $200 |
| Customer Support | Tel: 442038653306 |
| Email: info@gmgmarkets.co.uk | |
Global Markets Group Information
Global Markets Group is a broker which offers a variety of trading assets, including Forex, CFD shares, Commodities, Indices, Crypto CFDs and Metals with leverage up to 1:100 and spread from 0 pips on MT5 and web-based trading platform. The minimum deposit requirement is $200.
Pros and Cons
| Pros | Cons |
| Various trading products | FCA (Suspicious Clone) |
| Spreads from 0 pips | |
| MT5 platform available |
Is Global Markets Group Legit?
No. Global Markets Group has no regulations currently. Please be aware of the risk!
| Regulatory Status | Suspicious Clone |
| Regulated by | Financial Conduct Authority (FCA) |
| Licensed Institution | Global Markets Group Limited |
| Licensed Type | Straight Through Processing (STP) |
| Licensed Number | 744501 |
What Can I Trade on Global Markets Group?
Global Markets Group lets traders diversify their portfolios across several markets by providing a range of trading assets like Forex, Indices, and Commodities.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFD shares | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Crypto CFDs | ✔ |
| Metals | ✔ |
| ETFs | ❌ |
| Bonds | ❌ |
| Stocks | ❌ |
Account Type/Fees
Global Markets Group offers four account types, which are Standard account, Raw Spread account, SpreadBet Account and Elective Pro Account. But there are limited fees information about SpreadBet Account and Elective Pro Account.
| Account Type | Standard | Raw Spread |
| Min Deposit | $200 | $200 |
| Commission | $0 per lot per side | $3.5 per lot per side |
| Spread | From 1 pips | 0 pips |
Leverage
The maximum level offered by Global Markets Group is up to 1:100. Forex traders must understand how to control leverage and use risk management techniques to reduce forex losses.
Trading Platform
When it comes to trading platforms available, Global Markets Group gives traders Meta Trader 5.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ❌ | Desktop, Android, iOS | Beginners |
| MT5 | ✔ | Desktop, Android, iOS | Experienced traders |
Deposit and Withdrawal
Global Markets Group offers some deposit options via wire transfer in 1 of 3 supported base currencies (EUR/GBP/USD), But Global Markets Group does not accept third party deposits or withdrawl requests.
Withdrawals are processed within 24 hours and the funds will almost instantly reach your sterling bank account if domiciled in the UK, via Faster Payments method; international transfers may take about 2-5 business days, depending on the procedures followed by your bank
If the fund transaction is executed through intermediary banks, you may incur additional fees. Please note that you will be liable for any fees charges by the banks for the transactions.
FX4020103371
Hong Kong
I want to make an exposure on this fraud platform,in which the withdrawal is unavailable for months.
Exposure
看破不说破，才能成为好朋友
Hong Kong
The withdrawal applied on may is still unavailable.
Exposure
看破不说破，才能成为好朋友
Hong Kong
The withdrawal is still unavailable yet in May. What happened to the platform?
Exposure
看破不说破，才能成为好朋友
Hong Kong
The withdrawal, applied on May 6th, 2019, is still unavailable. What happened? All my deposit has become naught.
Exposure
FX4020103371
Hong Kong
The withdrawal of GMF hasn't been credited into account for several months.It's said that the manager has run away.Fraud platform!
Exposure
理解
Hong Kong
My applications for withdrawing money have been approved during April and May. But money has not arrived in July. Lu shi, who claimed to respond for his customers, is suspected of running away.
Exposure
靓虾王
Hong Kong
The website is inaccessible and service missing. It’s been 2 months since I applied for a withdrawal. Lu Shi, the boss, might have absconded.
Exposure
享.自由
Hong Kong
I deposited in April and haven’t withdrawn successfully for once. They always find themselves excuses and answer me vaguely.
Exposure
傅@荣
Hong Kong
I can’t withdraw or contact the service. Their website was reported by someone. Isn’t this a legit platform? Now it seems like a fraud.
Exposure
耶稣
Hong Kong
Several people deposited in the platform, me included. We applied for withdrawing money on April 25 but failed. In early May, the money is still unable to withdraw. Now, the customer service personnel do not make a reply. And the website can't even be logged in. The platform is said to run away!
Exposure
明天60732
Hong Kong
I applied for withdrawing money three weeks ago but have not received it. I have contacted the customer service personnel three times, but only told "the problem is reported to the Finance Department, please be patient." There has never been an accurate answer.
Exposure
GrIm。
Hong Kong
The withdrawal hasn’t been received for couple of days.The customer service keeps holding off,giving no reply to my emails.
Exposure
FX1609975446
Hong Kong
The 6% service charge for the withdrawal will be deducted. After it was deducted on May 7th,the withdrawal hasn’t been received yet. The customer service tell me to wait patiently every time.
Exposure
周萧潇
Hong Kong
It has been one month since I applied for withdrawing 50,000 dollars, but the money has not yet all arrived. They gave me different excuses no accurate answer.
Exposure
靓虾王
Hong Kong
There is no regulatory number on the website. The website server number seems to be wrong. I hope to check it.
Exposure