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Do you want to know which is the better broker between GMI Edge and VPFX ?
In the table below, you can compare the features of GMI Edge , VPFX side by side to determine the best fit for your needs.
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You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of gmi-edge, vpfx lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
Feature | Information |
Registered Country/Region | Vanuatu |
Found | 2018 |
Regulation | Suspicious clone |
Market Instrument | Gold, oil, Silver, forex and indices |
Account Type | Cent, Standard, Standard Bonus and ECN |
Demo Account | yes |
Maximum Leverage | 1:2000 |
Spread (EUR/USD) | Above 2 pips |
Commission | Vary on the account type |
Trading Platform | MT4 for Windows, MacOS, Android and Web |
Minimum Deposit | $15 |
Deposit & Withdrawal Method | Local Banks Transfer, Neteller and Skrill |
Founded in 2018, GMI Edge is an offshore trading broker that provides online trading via MetaTrader4 (MT4) on a variety of different asset classes including forex, indices, precious metals, energies and CFDs. GMI Edge is the trading name of Global Prime Limited, a regulated and licensed dealer in securities by the Vanuatu Financial Services Commission (VFSC, suspicious clone), with regulatory license number: 14647. GMI Edge is part of the GMI Group of companies. The GMI brand was established in 2009.
Traders can access leverage ratios ranging from 1:500 to 1:2000, depending on the account type. However, explicit information about spreads is not readily available on the GMI Edge website. The broker offers the popular MetaTrader 4 (MT4) trading platform, which allows traders to customize their strategies, utilize expert advisors, and access a wide range of analytical tools. GMI Edge also provides the Multi-Account Manager (MAM) platform for money managers to trade multiple accounts.
Deposits and withdrawals can be made through various methods, including local bank transfers, Neteller, and Skrill. The minimum deposit requirement varies based on the chosen method. GMI Edge has a mobile app for convenient account management and trading on the go. However, customer support contact information is limited to email and live chat, with no disclosed telephone numbers or company address.
Considering the lack of regulatory oversight and transparency, it is advisable for traders to approach GMI Edge with caution and consider alternative brokers with a solid regulatory status and more transparent operations.
Here is the home page of this brokers official site:
GMI Edge has both advantages and disadvantages that traders should consider. One of the pros is the availability of a wide range of market instruments, including commodities, major currency pairs, and indices, providing traders with diverse trading opportunities. Additionally, the broker offers different types of trading accounts with varying leverage options, catering to the individual preferences and risk tolerance of traders. The provision of the popular MetaTrader 4 (MT4) platform and the additional Multi-Account Manager (MAM) platform for money managers enhance the trading experience. Furthermore, GMI Edge provides a mobile app for convenient account management and trading on the go.
On the downside, GMI Edge lacks proper regulatory oversight, as it is not regulated by a recognized financial regulatory authority. The claimed regulatory license from the Vanuatu Financial Services Commission (VFSC) is suspicious and not considered valid, which raises concerns about the level of investor protection and oversight provided by the broker. Moreover, the broker does not disclose explicit information about spreads, which makes it difficult for traders to assess the trading costs upfront. Limited customer support options, with only email and live chat available and no disclosed telephone numbers or company address, can also be a drawback for some traders.
Pros | Cons |
Wide range of market instruments | Lack of proper regulatory oversight |
Different types of trading accounts | Suspicious and questionable regulatory license |
Variety of leverage options | Lack of transparency regarding spreads |
Availability of MetaTrader 4 (MT4) platform | Limited customer support options |
Additional Multi-Account Manager (MAM) platform | No disclosed telephone numbers or company address |
Mobile app for account management |
GMI Edge is not regulated by a recognized financial regulatory authority. The claimed regulation by the Vanuatu Financial Services Commission (VFSC) with license number 14647 is suspected to be a clone and is not considered valid. The VFSC is an offshore regulatory body, and trading with an unregulated broker carries significant risks. It is important to note that unregulated brokers may not provide the same level of investor protection and oversight as regulated brokers. Therefore, it is advisable to exercise caution and consider alternative regulated brokers with a solid regulatory status when choosing a trading partner.
GMI Edge offers a selection of market instruments for trading. These instruments include:
1. Gold, Oil, Silver: Traders have the opportunity to trade in commodities such as Gold, Oil, and Silver. These instruments are available for trading 23 hours a day, and GMI Edge aims to provide competitive costs in this regard.
2. Forex: GMI Edge enables traders to participate in the foreign exchange market. Major currency pairs such as the US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Australian Dollar, and Canadian Dollar are available for trading. GMI Edge offers high leverage and the option of Swap Free accounts.
3. Indices: GMI Edge allows traders to access global financial markets through Contracts for Difference (CFDs) on various indices. Some of the indices available for trading include Dow Jones, NASDAQ, S&P, FTSE, DAX, CAC, NIKKEI, Hang Seng, and China A50.
Pros | Cons |
Wide selection of commodities, including Gold, Oil, and Silver | Lack of transparency regarding trading costs |
Availability of major currency pairs for forex trading | Limited information about spreads |
Access to global financial markets through various indices | |
Opportunity to trade 23 hours a day |
GMI Edge offers four different types of trading accounts: ECN, Cent, Standard, and Standard Bonus. Each account type has its own minimum deposit requirement, contract size, leverage options, and other features.
ECN ACCOUNT
The ECN account requires a minimum deposit of $100 and offers leverage up to 1:500. It has a commission fee of $4 per lot and allows for a maximum order size of 500 lots on MT4 and 1,000 lots on GMI Edge. The ECN account does not offer a swap-free option.
CENT ACCOUNT
The Cent account has a minimum deposit requirement of $15 and provides leverage up to 1:1000. It does not charge any commission and allows a maximum order size of 200 lots on MT4. The Cent account also offers a swap-free option.
STANDARD ACCOUNT
The Standard account requires a minimum deposit of $25 and offers leverage up to 1:2000. It does not charge any commission and allows a maximum order size of 500 lots on MT4 and 1,000 lots on GMI Edge. The Standard account does not provide a swap-free option.
STANDARD BONUS ACCOUNT
The Standard Bonus account also requires a minimum deposit of $25 and provides leverage up to 1:2000. It does not charge any commission and allows a maximum order size of 500 lots on MT4. The Standard Bonus account does not offer a swap-free option.
Traders should carefully consider their trading preferences and risk tolerance when choosing the most suitable account type for their needs.
Pros | Cons |
Multiple account options with varying features | Lack of a dedicated swap-free option for all account types |
Different leverage options to suit individual preferences | Commission fee of $4 per lot for ECN account |
Low minimum deposit requirement for Cent account | Limited maximum order size for Cent account (200 lots) |
No commission charges for Standard and Standard Bonus accounts | Lack of swap-free option for Standard and Standard Bonus accounts |
High leverage of up to 1:2000 available for Standard and Standard Bonus accounts | Limited maximum order size for Standard and Standard Bonus accounts (500 lots on MT4 and 1,000 lots on GMI Edge) |
Variety of account types cater to different risk tolerances and trading preferences |
The specified leverage for different account types at GMI Edge varies between 1:500 and 1:2000. Clients on the Cent account can experience leverage of 1:1000, the Standard and Standard Bonus accounts can enjoy the maximum leverage of 1:2000, while the ECN accounts have a leverage ratio of 1:500.
Keep in mind that using leverage ratios that high is very dangerous, especially for inexperienced traders. Margin trading is risky, so make sure you understand how leverage works before you lose everything.
Unlike most decent brokers who present their pricing and trading conditions, GMI Edge has not disclosed its spreads on the website. So, we had to register a demo account to see the trading costs with this broker. The benchmark EUR/USD spread of GMI Edge is well above 2 pips, which is not competitive pricing.
As for the commission, there is no commission on the Cent, Standard and Standard Bonus accounts, while 4 per lot on the ECN account.
GMI Edge provides its traders with the popular MetaTrader 4 (MT4) trading platform. This widely recognized platform is available for all types of GMI Edge accounts. Traders can take advantage of the features and functionality offered by MT4 to enhance their trading experience.
MT4
With MT4, traders have the option to create their own algorithms or utilize expert advisors (EAs) to automate their trades. This allows for customized trading strategies and the ability to follow other traders. Traders can seamlessly connect to the trading platform through the GMI Edge app, ensuring a smooth trading experience across different devices. The GMI Edge app also provides a convenient way to fund trading accounts that use MT4.
MT4 offers a comprehensive range of analytical tools that traders can utilize to analyze various aspects of the markets they trade. These tools enable traders to perform in-depth market analysis and make informed trading decisions.
Multi-Account Manager (MAM) platform.
In addition to MT4, GMI Edge also offers the Multi-Account Manager (MAM) platform. This platform is designed for money managers who wish to trade multiple accounts with ease. With MAM, money managers can execute trades across multiple accounts with just one click. The platform also allows for automated performance fees billing and offers trade allocation options based on lot size, equity, or balance.
GMI Edge mobile app
To further enhance accessibility and convenience, GMI Edge has developed the GMI Edge mobile app. This app allows traders to access their trading accounts anytime and anywhere. Traders can trade various instruments including forex, gold, silver, and indices, among others, using the app. The GMI Edge app also offers easy ways to deposit, withdraw, and transfer funds, providing traders with comprehensive account management capabilities in one place.
Pros | Cons |
Availability of popular MetaTrader 4 (MT4) platform | Potential learning curve for beginners |
Ability to create custom algorithms and use expert advisors (EAs) | Limited to MT4 platform, no alternative platforms offered |
Seamless trading experience across different devices through GMI Edge app | Mobile app may have limited functionality compared to desktop version |
Comprehensive range of analytical tools for market analysis | Lack of advanced features compared to other platforms |
Multi-Account Manager (MAM) platform for easy management of multiple accounts | Limited information available on MAM platform features and capabilities |
GMI Edge provides various options for depositing and withdrawing funds from your trading account. These options include Local Banks Transfer, Neteller, and Skrill. The minimum initial deposit requirement is $10 for Neteller and Skrill, while it is $15 for Local Banks Transfer.
The deposit processing time is typically instant, allowing you to quickly start trading after funding your account.
For withdrawals, the minimum withdrawal amount is 50 MYR for bank transfers, and the processing time is between 8am to 6pm daily. There is a 4% fee for withdrawals via Neteller and Skrill, with a minimum withdrawal amount of $10. Withdrawals made through these methods are also processed instantly.
Pros | Cons |
Various deposit and withdrawal options | Minimum withdrawal amount for bank transfers |
Instant deposit processing time | 4% fee for withdrawals via Neteller and Skrill |
Minimum initial deposit requirement of $10 for Neteller and Skrill | Withdrawal processing time limited to specific hours |
Instant withdrawals via Neteller and Skrill | |
Minimum withdrawal amount of $10 for Neteller and Skrill |
GMI Edge provides customer support through various channels. Traders can reach out to their customer support team via email at cs.global@gmimarkets.com. Additionally, a live chat option is available for immediate assistance. For those who prefer to send a direct message, an online contact form is provided. However, it is worth noting that GMI Edge does not disclose additional contact information such as telephone numbers or a company address, which is commonly shared by more transparent brokers.
In conclusion, GMI Edge is an unregulated broker with a suspicious regulatory license and is not considered a legitimate trading option. Trading with an unregulated broker carries significant risks, as they may lack investor protection and oversight. Although GMI Edge offers a variety of market instruments and different types of trading accounts with varying leverage options, their lack of transparency regarding spreads and trading conditions is a disadvantage. Additionally, the absence of a recognized financial regulatory authority and limited customer support contact information further raise concerns. Traders are advised to exercise caution and consider alternative regulated brokers with a solid regulatory status and transparent practices when choosing a trading partner.
Q 1: | Is GMI Edge regulated? |
A 1: | No. GMI Edge holds a suspicious clone Vanuatu Financial Services Commission (VFSC) license. |
Q 2: | At GMI Edge, are there any regional restrictions for traders? |
A 2: | Yes. GMI Edge does not accept clients from the United Kingdom and the United States among other countries. |
Q 3: | Does GMI Edge offer demo accounts? |
A 3: | Yes. |
Q 4: | Does GMI Edge offer the industry-standard MT4 & MT5? |
A 4: | Yes. GMI Edge supports MT4. |
Q 5: | What is the minimum deposit for GMI Edge? |
A 5: | The minimum initial deposit to open an account is $15. |
Q 6: | Is GMI Edgea good broker for beginners? |
A 6: | No. GMI Edge is not a good choice for beginners. Though it advertises very well, it lacks legitimate regulations. Take care! |
VPFX Review Summary | |
Founded | 2-5 years |
Registered Country/Region | Malaysia |
Regulation | LFSA |
Market Instruments | Forex, metals and so on |
Demo Account | Available |
Leverage | 1:1000 |
EUR/ USD Spreads | 1.2 pips (Std) |
Trading Platforms | MT4, MT5 |
Minimum Deposit | $100 |
Customer Support | Phone, email, live chat |
VPFX is a trading name of Ventura Prime FX Limited registration number LL16224 registered in Labuan F.T., Malaysia. As an online forex broker, it delivers a comprehensive range of services to traders worldwide. VPFX provides traders with access to the highly acclaimed MT4 and MT5 platforms.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
Pros | Cons |
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There are many alternative brokers to VPFX depending on the specific needs and preferences of the trader. Some popular options include:
LIGHT FX - An innovative online brokerage that prides itself on offering competitive trading conditions, cutting-edge technology, and a user-friendly interface to empower traders of all levels.
Trading 212 – A popular online brokerage platform that offers commission-free trading for a wide range of financial instruments, including stocks, ETFs, forex, and cryptocurrencies.
TrioMarkets - A global forex and CFD broker offering a diverse range of trading instruments, competitive spreads, and advanced trading platforms to cater to the needs of both beginner and experienced traders.
VPFX is regulated by Labuan Financial Services Authority (Labuan FSA) whose key role is to license and regulate licensed entities operating within Labuan IBFC and to ensure all such entities remain in compliance with the internal and international best standards adopted by the jurisdiction.
It is regulated by reputable authorities, has been in operation for several years, and has received positive reviews from many customers. Based on the information available, VPFX appears to be a reliable and trustworthy broker.
However, as with any investment, there is always some level of risk involved, and it is important for traders to do their own research and carefully consider their options before investing.
VPFX offers a diverse range of trading instruments across various asset classes to cater to the needs of different traders.
Forex: VPFX provides a wide selection of currency pairs for trading in the foreign exchange market. These pairs represent the exchange rates between different currencies, allowing traders to speculate on the price movements and potentially profit from the fluctuations in exchange rates.
Precious Metals: VPFX enables trading in precious metals like gold, silver, platinum, and palladium. These metals are often considered as safe-haven assets and can act as a hedge against inflation or economic uncertainty. Traders can take advantage of the price movements in these metals by buying or selling contracts based on their anticipated direction.
Energy: Trading energy commodities is also available on VPFX. This includes contracts for difference (CFDs) on oil and gas products like Brent crude oil, West Texas Intermediate (WTI) crude oil, natural gas, and more. Energy markets are influenced by various factors such as geopolitical events, supply and demand dynamics, and weather conditions, presenting opportunities for traders to speculate on price changes.
Indices: VPFX provides access to a variety of global stock market indices. These indices represent a basket of stocks from specific markets or sectors and serve as an indicator of overall market performance. Traders can trade CFDs on popular indices like the S&P 500, Dow Jones Industrial Average, FTSE 100, and more, allowing them to speculate on the performance of the broader market.
Shares: VPFX offers trading in individual company shares from various global stock exchanges. Traders can participate in the price movements of popular companies by trading CFDs on shares. This allows traders to potentially profit from both rising and falling share prices without needing to physically own the underlying stocks.
VPFX offers three trading accounts including the Standard, VIP and Elite accounts.
Account Types | Standard | VIP | Elite |
MINIMUM DEPOSITS | $100 | $1,000 | $25,000 |
BASE CURRENCY | USD/EUR/GBP | ||
EXECUTION | MARKET | ||
TRADING PLATFORMS | MT4 / MT5 | ||
MARGIN CALL | 50% |
VPFX also provides demo accounts for traders who want to practice and familiarize themselves with the platform before trading with real funds. Demo accounts simulate real market conditions, allowing traders to execute trades using virtual funds.
VPFX offers traders a maximum leverage of 1:1000. Leverage is a tool that allows traders to control larger positions in the market with a smaller amount of capital. For example, with a leverage of 1:1000, a trader can control a position worth 1000 times their invested capital.
High leverage can be attractive to traders as it amplifies potential profits. With a smaller amount of capital, traders can take larger positions in the market and potentially benefit from even small price movements. This means that traders can achieve higher returns on their investments compared to trading with lower leverage.
VPFX offers different types of trading accounts with varying spreads and commissions to suit the preferences and needs of different traders. Here is the details of the spreads and commissions associated with each account type:
Account Type | Spreads | Commissions |
Standard | 1.2 pips | No commission |
VIP | 0.7 pips | No commission |
Elite | 0.0 pips | $4 per lot |
VPFX provides its clients with access to two popular and widely used trading platforms - MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are known for their comprehensive features, user-friendly interface, and advanced trading capabilities.
MT4:
MetaTrader 4 (MT4) is a widely recognized and highly regarded trading platform in the industry. It offers a range of tools and features that cater to both beginner and experienced traders. With MT4, traders can access real-time market quotes, execute trades, and analyze market trends using various technical indicators and charting tools. MT4 also supports automated trading through the use of Expert Advisors (EAs), which allows traders to implement and backtest their own trading strategies.
MT5
MetaTrader 5 (MT5) is an upgraded version of MT4, offering additional features and functionality. MT5 provides an extended range of technical indicators, advanced charting tools, and an economic calendar to help traders make informed trading decisions. Moreover, MT5 supports a wider range of financial instruments, including stocks and futures, in addition to the forex market. Like MT4, MT5 also supports automated trading and allows traders to develop and deploy custom trading robots and indicators.
VPFX offers multiple convenient payment options for traders to fund their trading accounts.
FasaPay: Traders can use FasaPay, a popular online payment system, to securely transfer funds to their VPFX trading accounts. –
Neteller: Neteller is a widely used e-commerce platform that offers a secure and convenient way to fund trading accounts. Traders can transfer funds from their Neteller accounts to their VPFX accounts with ease, providing a seamless payment experience.
Skrill: Skrill, formerly known as Moneybookers, is another electronic payment service accepted by VPFX. It enables traders to deposit funds into their trading accounts swiftly and securely, offering an additional option for convenient and reliable payments.
Wire Transfer: VPFX also facilitates traditional bank wire transfers for traders who prefer this method. Wire transfers allow for direct transfers from a bank account to the trader's VPFX account. While this payment method may take slightly longer for processing, it provides a secure option for larger transactions.
Credit/Debit Cards: Additionally, VPFX supports payments through credit and debit cards. Traders can use their Visa or Mastercard to deposit funds into their trading accounts directly. Credit and debit card payments are widely accepted and offer a convenient way for traders to fund their accounts without the need for third-party payment systems.
It is noted that the withdrawal will charge different fees according to different payment methods such as $40 via bank wire transfer, 2.5% via credit/debit cards and $0.5 via fasapay.
VPFX offers live chat. With live chat, customers can get their questions answered quickly and receive help with any issues they may have. It's a convenient and effective communication channel that can improve customer satisfaction and increase sales.
Customers can visit their office or get in touch with customer service line using the information provided below:
Telephone: +60 154 600 0110
+971 4325 1188
+61 3 8399 9161
Email: customerservice@vpfx.net
Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook and Instagram, YouTube.
VPFXoffers online messaging as part of their trading platform. This allows traders to communicate with customer support or other traders directly through the platform. Online messaging can be a convenient way to get real-time assistance or to engage in discussions with fellow traders.
In conclusion, VPFX is a regulated online forex broker that offers a wide range of services and features to cater to the diverse needs of traders worldwide. With its commitment to transparency, efficiency, and client satisfaction, VPFX provides a user-friendly platform equipped with advanced trading tools and competitive spreads.
Q 1: | Is VPFX regulated? |
A 1: | Yes. It is regulated by LFSA. |
Q 2: | How can I contact the customer support team at VPFX? |
A 2: | You can contact via phone, +60 154 600 0110, +971 4325 1188 and +61 3 8399 9161 and email, customerservice@vpfx.net. |
Q 3: | Does VPFX offer demo accounts? |
A 3: | Yes. |
Q 4: | Does VPFX offer the industry leading MT4 & MT5? |
A 4: | Yes. It offers MT4 and MT5. |
Q 5: | What is the minimum deposit for VPFX? |
A 5: | The minimum initial deposit to open an account is $100. |
Q 6: | Is VPFX a good broker for beginners? |
A 6: | Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 and MT5 platforms. Also, it offers demo accounts that allow traders to practice trading without risking any real money. |
Q 7: | At VPFX, are there any regional restrictions for traders? |
A 7: | Yes. Ventura Prime FX Limited does not offer its services to the residents of certain jurisdictions such as Afghanistan, Cote dIvoire, Cuba, Iran, Libya, Myanmar, North Korea, Sudan, Puerto Rico, USA, Syria, and Yemen. |
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive gmi-edge and vpfx are, we first considered common fees for standard accounts. On gmi-edge, the average spread for the EUR/USD currency pair is -- pips, while on vpfx the spread is FROM 0.0.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
gmi-edge is regulated by VFSC. vpfx is regulated by LFSA.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
gmi-edge provides trading platform including Standard (Bonus),ECN,Cent,Standard and trading variety including --. vpfx provides trading platform including ELITE,VIP,STANDARD and trading variety including --.