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GMI , RockGlobal Broker Comparison
Do you want to know which is the better broker between GMI and RockGlobal ?
In the table below, you can compare the features of GMI , RockGlobal side by side to determine the best fit for your needs.
- Rating
- Basic Information
- Benchmark
- Account Information
- Relevant information
- Relevant exposure
- Rating
- Basic Information
- Benchmark
- Account Information
- Relevant information
- Relevant exposure
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
Supported
Skrill,dragonpay,Neteller,UnionPay,Pix,Bank transfer,fasapay,tether
AAA
AA
387.3
32
47
32
1984
1984
1937
AAA
EURUSD：-0.5
EURUSD：-1.5
28
-5
28
A
EURUSD：16.16
XAUUSD：27.25
AAA
EURUSD： -1.05 ~ 0.27
AAA
0.4
81.7
Standard Bonus,Standard,Cent,ECN
--
$25
1:2000
--
--
--
--
--
Pin on the left
6.11
Regulated
No guarantee
--
5-10 years
ASIC,FSPR
Supported
Supported
--
AAA
AA
395.9
110
18
132
1581
1581
1150
AA
2
1
2
B
EURUSD：14.5
XAUUSD：31.89
AA
EURUSD： -6.18 ~ 2.48
XAUUSD： -30.8 ~ 22
B
0.5
120.5
PRO ACCOUNT,STANDARD ACCOUNT
--
$ 2,000
1:500
0.0 pips
--
--
0.01
--
Score
Regulatory Status
Regulated
Regulated
GMI 、 RockGlobal BrokerRelevant information
RockGlobal 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, rockfort 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.
rockfort
| RockGlobal Review Summary | |
| Founded | 2004-01-11 |
| Registered Country/Region | New Zealand |
| Regulation | Regulated |
| Market Instruments | Forex (140+ currency pairs), Metals, Commodities, Indices, and Crypto CFDs |
| Demo Account | Not mentioned |
| Leverage | Up to 1:500 |
| Spread | From 0 |
| Trading Platform | MT4(PC & Mobile) |
| Min Deposit | $50 |
| Customer Support | Email: info@rockglobal.com |
| Live Chat | |
| Social Media: Facebook, Instagram, TikTok, etc. | |
RockGlobal Information
RockGlobal is a broker. RockGlobal provides various tradable instruments, including forex (140+ currency pairs), metals, commodities, indices, and crypto CFDs, and also offers standard and ECN accounts. In addition, RockGlobal sets a spread from 0, a minimum deposit of $50, and a maximum leverage of 1:500.
Pros and Cons
| Pros | Cons |
| Regulated | Difficult to withdraw negative feedback |
| 24/7 Live Support | Hide withdrawal information |
| Leverage up to 1:500 | |
| Spread as low as 0 | |
| MT4 available | |
| Various trading assets: |
Is RockGlobal Legit?
The FSPR once regulated RockGloba, but it has expired. ASIC regulates the broker now and its license number is 282288. Generally regulated brokers are safer than unregulated ones. However, traders cannot ignore investment risks.
What Can I Trade on RockGlobal?
Traders can invest in various trading instruments, including forex (140+ currency pairs), metals, commodities, indices, and crypto CFDs.
| Tradable Instruments | Supported |
| Forex(140+ currency pairs) | ✔ |
| Commodities | ✔ |
| Metals | ✔ |
| Indices | ✔ |
| crypto CFDs | ✔ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
RockGlobal has standard and ECN accounts. Traders who want both low commissions and low deposits can choose to open a standard account. ECN is more suitable for traders who prefer 0 pip.
| Account Type | Standard | ECN |
| Products | 140+ currency pairs, stock indices, commodities, precious metals, and crypto CFDs. | |
| Leverage | Up to 1:500 | Up to 1:500 |
| Minimum Spread | 1.0 pip | 0.0 pip |
| Commissions | $0 | $5 |
| Minimum Deposit | $50 | $500 |
RockGlobal Fees
The standard account offers a minimum spread of 1.0 pip and no commission, while the ECN account offers spreads as low as 0 and a commission of $5.
Leverage
The maximum leverage is 1:500, which means that profits and losses are magnified 500 times.
Trading Platform
RockGlobal has an authoritative MT4 trading platform and traders can choose different versions, such as PC and Mobile App. Compared with MT5, junior traders prefer MT4.
| Trading Platform | Supported | Available Devices |
| MT4 | ✔ | PC & Mobile |
Deposit and Withdrawal
The minimum deposit is $50. Deposits are relatively low in the market. However, RockGlobals official website does not provide more information about withdrawals. It should be noted that some traders of this broker said that withdrawals are difficult.
Customer Support Options
RockGlobal provides 24/7 livesupport and email to contact. In addition, traders can learn more about RockGlobal through social media, including Facebook, Instagram, TikTok, etc.
| Contact Options | Details |
| info@rockglobal.com | |
| Live Chat | ✔ |
| Social Media | Facebook, Instagram, TikTok, etc. |
| Supported Language | English |
| Website Language | English |
| Physical Address | Not mentioned |
Are the transaction costs and expenses of gmi, rockfort 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 rockfort are, we first considered common fees for standard accounts. On gmi, the average spread for the EUR/USD currency pair is -- pips, while on rockfort the spread is 0.0 pips.
Which broker between gmi, rockfort 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. rockfort is regulated by ASIC,FSPR.
Which broker between gmi, rockfort 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 --. rockfort provides trading platform including PRO ACCOUNT,STANDARD ACCOUNT and trading variety including --.