Company Summary
No data
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GMI , A3Trading Broker Comparison
Do you want to know which is the better broker between GMI and A3Trading ?
In the table below, you can compare the features of GMI , A3Trading side by side to determine the best fit for your needs.
- Rating
- Basic Information
- Benchmark
- Account Information
- Relevant information
- Rating
- Basic Information
- Benchmark
- Account Information
- Relevant information
2 brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Official website
Basic Information
Established(years)
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed(ms)
The highest transaction speed(ms)
The highest speed of opening positions(ms)
The highest speed of closing position(ms)
Slowest transaction speed(ms)
The lowest speed of opening positions
(ms)
The lowest speed of closing position(ms)
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
- Average transaction cost (USD/Lot)
Rollover Cost
Rollover cost rating
- Average Rollover Cost (USD/Lot)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time(ms)
Account Information
Accounts
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
Pin on the left
7.48
Regulated
No guarantee
--
--
--
5-10 years
FCA
Supported
Not supported
--
AAA
AA
401.7
31
110
31
1998
1998
1939
AAA
EURUSD：-0.2
EURUSD：-2.8
29
-5
29
A
EURUSD：15.87
XAUUSD：25.46
AAA
EURUSD： -0.96 ~ 0.28
AAA
0.4
46.2
Standard Bonus,Standard,Cent,ECN
--
$25
1:2000
--
--
--
--
--
Pin on the left
1.53
No Regulation
No guarantee
--
5-10 years
--
Not supported
Not supported
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
Score
Regulatory Status
Regulated
No Regulation
BrokerRelevant information
BrokerRelevant exposure
Which broker is more reliable?
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, a3trading 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:
Forex broker introduction
gmi
| GMI Review Summary | |
| Founded | 2009 |
| Headquarters | United Kingdom |
| Regulation | FCA |
| Market Instruments | Gold, silver, crude oil, forex, index |
| Demo Account | ✔ ($100,000 virtual fund) |
| Islamic Account | ❌ |
| Leverage | 1:1000 |
| EUR/USD Spread | From 0.0 pips |
| Trading Platform | MT4, MT5, GMI EDGE |
| Copy Trading | ✔ |
| Minimum Deposit | $200 |
| Customer Support | Live chat, contact form |
| Phone: +86 400 842 7770 | |
| Email: cs@gmimarkets.com | |
GMI Information
GMI (Global Market Index) is a forex and CFD broker that offers trading services to retail and institutional clients. It was established in 2009 and is headquartered in the United Kingdom with offices in Cyprus and the UAE. The broker is regulated by the Financial Conduct Authority (FCA) in the UK. GMI offers a range of trading instruments, including gold, silver, crude oil, forex, and index via the MT4, MT5 and GMI EDGE platforms.
Pros & Cons
| Pros | Cons |
| • Regulated by FCA | • Limited range of trading instruments |
| • Wide range of account types | • Limited educational resources |
| • Competitive leverage | • Limited research and analysis tools |
| • Commission-free trading | • High minimum deposit requirement ($200) |
| • Copy trading feature supported | • Lack of info on deposits and withdrawals |
Note: The pros and cons listed above are not exhaustive and may vary based on individual preferences and circumstances.
Is GMI Legit？
GMI is a regulated forex broker, licensed by Financial Conduct Authority (FCA), which provides some level of safety and security for traders. However, it is important to note that regulation does not guarantee the complete safety of funds and trading with any broker carries a level of risk. It is important for traders to do their own research and due diligence before deciding to trade with any broker.
Market Instruments
GMI offers popular markets across different asset classes, including gold, silver, crude oil, forex, and index. Other assets like stocks, options and cryptocurrencies are not available.
Account Types
Apart from demo accounts with $100,000 virtual fund, GMI offers two live account types, Standard and ECN.
| Account Type | Minimum Deposit |
| Standard | $200 |
| ECN | $2,000 |
Leverage
GMI offers fixed/adjustableleverage, up to 1:1000 for Standard accounts and 1:500 for ECN accounts. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
| Account Type | Leverage |
| Standard | 1:1000 |
| ECN | 1:500 |
Spreads & Commissions
GMI offers spreads from 0.0 pips. It's important to note that spreads may vary depending on market conditions and liquidity. Traders may also be subject to additional fees such as swaps and overnight financing charges.
Regarding the commission, it varies depending on the type of account. There is no commission charged on the Standard accounts, while the commission for the ECN account is $4 per lot.
| Account Type | Commission |
| Standard | $0 |
| ECN | $4 per lot |
Trading Platforms
GMI offers its clients three choices of trading platforms, the popular MetaTrader 4, MetaTrader 5, and its proprietary GMI EDGE. Both MT4 and MT5 are equipped with a variety of tools and features for technical analysis, order management, and customization. They also support automated trading with the use of Expert Advisors (EAs). GMI EDGE can be downloaded through Android and Web devices.
Copy Trading
GMI offers copy trading features that allow traders to copy the strategies of successful traders. This enables traders to learn from experienced individuals and potentially benefit from their proven track records. GMI's copy trading platform promotes knowledge sharing and community-driven trading in a simple and accessible manner.
Customer Service
Live chat, contact form
Phone: +86 400 842 7770
Email: cs@gmimarkets.com
Conclusion
Based on the analysis of GMI, it is a regulated and reputable broker that offers competitive spreads and commissions, and a choice of different account types, as well as good customer support. One downside of GMI is its limited range of trading instruments and educational resources. Additionally, it requires a high minimum deposit to open an account. Overall, GMI is a solid option for traders who prioritize MT4/5, demo trading and competitive pricing.
FAQs
Is GMI regulated？
Yes. GMI operates legally, and it is regulated by FCA in the UK.
Does GMI offer demo accounts？
Yes. GMI offers demo accounts with $10,000 virtual capital.
Does GMI offer industry-standard MT4 & MT5？
Yes. Both MT4 and MT5 are available.
What is the minimum deposit for GMI？
$200.
Is GMI a good broker for beginners？
Yes. Overall GMI is a good choice for beginners because it offers a wide variety of trading assets 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. But the minimum deposit requirement of $200 may be high for beginners.
Risk Warning
Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities.
Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. The responsibility for utilizing the information provided herein lies exclusively with the reader.
a3trading
| Registered in | Cyprus |
| Regulated by | No effective regulation at this time |
| Year(s) of establishment | 2-5 years |
| Trading instruments | Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks |
| Minimum Initial Deposit | $200 |
| Maximum Leverage | 1:200 |
| Minimum spread | Information not available |
| Trading platform | own platform |
| Deposit and withdrawal method | VISA, MasterCard, maestro, jiomoney, skrill, bank transfer, neteller, exopayz, paysafecard, paytm, mobikwik, globe pay, fast bank transfer, scardu, etcetera. |
| Customer Service | Email, phone number, address, live chat |
| Fraud Complaints Exposure | Yes |
Risk Warning
Online trading involves huge risks and you can lose all 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 herein is for general information purposes only.
General information and regulations of A3Trading
A3Trading is an online forex broker registered in Cyprus and currently under no effective regulation.
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 summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.
Market instruments
Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks.....A3Trading allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on A3Trading.
Spreads and commissions for trading with A3Trading
A3Trading does not detail on its website additional trading costs such as spreads, commissions, SWAPs, etc. These costs are very important when calculating profits and losses, and should be considered in aggregate and not chosen in isolation. If you want to trade with A3Trading, we recommend that you take the time to calculate these transaction costs.
Account Types for A3Trading
The minimum initial deposit to open an account at A3Trading is 200 USD. According to the information on its website, there is no demo account or multiple account types. However, there is a no-loss guarantee in the first 5 transactions, and A3Trading claims that the clients can take the profits and A3Trading will cover the possible losses.
In case of absence of any activity for a period of at least three (3) months, the Company reserves the right to apply a fee of US$ 500 thereafter, charged on a quarterly basis. If the Client account is funded by less than US$ 500 and has been inactive for a period of three (3) months, the Company reserves the right to charge a lower amount to cover administrative expenses and close down the account.
Trading platforms offered by A3Trading
The company's trading platform is an in-house developed platform that can be used on computers, tablets and cell phones.
Leverage offered by A3Trading
Although some brokers offer leverage up to 1:500 or even 1:1000, the leverage of 1:200 offered by A3Trading is sufficient for the average trader. This is because the more leverage you have, the more risk you take with your money. Even professional traders, let alone novices, should not be tempted to use leverage as large as 1:500.
Deposit and withdrawal methods and fees
In order to withdraw from your account in A3Trading, you will need to provide a series of documents. The extra fees, minimum amount and processing time are not revealed. The feasible payment methods are: VISA, MasterCard, maestro, jiomoney, skrill, bank transfer, neteller, exopayz, paysafecard, paytm, mobikwik, globe pay, fast bank transfer, scardu, etcetera.
Educational resources
A series of educational resources is available at A3Trading, such as video lessons, autochartist, daily market review, economic calendar, live rates & charts, real-time trends, etcetera.
Customer support of A3Trading
Below are the details about the customer service.
Language(s): English, Arabic, Spanish
Email: customer.service.en@a3trading.com
Phone Number: +441519471242
WhatsApp: +447441427300
Address: Wanakena Ltd, 73 Arch. Makarios III Avenue, Office 301, 1070 Nicosia, Cyprus.
Users exposures on WikiFX
On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Advantages and disadvantages of A3Trading
Advantages:
Sufficient information
Educational resources
Many instruments available
Many deposit and withdrawal methods
Disadvantages:
Complaints
No effective regulation
Few information available
No MT4/MT5
No copy trading
Frequent asked questions about A3Trading
Is this broker well regulated？
No, it is currently not effectively regulated and you are advised to be aware of its potential risks.
How much leverage does this broker offer？
The maximum leverage of A3Trading is 1:200. Please note that this leverage may only be available for some accounts and products. Please consult our articles or the dealer's website for specific information.
Are the transaction costs and expenses of gmi, a3trading lower?
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 and a3trading are, we first considered common fees for standard accounts. On gmi, the average spread for the EUR/USD currency pair is -- pips, while on a3trading the spread is --.
Which broker between gmi, a3trading is safer?
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 is regulated by FCA. a3trading is regulated by --.
Which broker between gmi, a3trading provides better trading platform?
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 provides trading platform including Standard Bonus,Standard,Cent,ECN and trading variety including --. a3trading provides trading platform including -- and trading variety including --.