What is GSI Markets？

GSI Markets is a Forex trading broker operated by Media Force Limited, founded in 2013 and registered in the Marshall Islands. It claims to specialize in online Forex trading, converting on a leading FX and CFD broker for clients in more than 120 countries worldwide. Providing services through MetaTrader 4, It offers a demo account. The maximum leverage available is 1:100, and the minimum deposit required is $250, with margin requirements ranging from 0.20% to 5%. Notably, GSI Markets operates without any regulations.

Pros & Cons

Pros:

Diverse Market Instruments: GSI Markets offers a wide range of market instruments, including stocks, cryptocurrencies, indices, forex, and commodities, providing traders with various options for diversification.

Demo Account Availability: Traders can access a demo account, allowing them to practice trading strategies and familiarize themselves with the platform without risking real money.

Multiple Contact Channels: The broker provides multiple contact channels, including seven telephone numbers, email, and other social platforms, making it easier for traders to reach customer support when needed.

Cons:

No Regulation: GSI Markets operates without any regulatory oversight, which is a huge red flag for the safety of funds and the reliability of the broker.

Exposure Labeled as Unable to Withdraw: There are five pieces of exposure labeled as unable to withdraw, which indicates a risk that traders face issues with withdrawing their funds.

Is GIS Markets Safe or Scam？

The most glaring red flag is the complete lack of regulation. This raises significant concerns about the safety of your funds, the fairness of their trading practices, and the potential for scams or manipulative activities.

Furthermore, the existence of exposures labeled as “unable to withdraw” is incredibly alarming. This suggests that some users have encountered difficulties withdrawing their funds, raising the possibility of encountering similar issues yourself.

Market Instruments

GSI Markets offers a wide array of market instruments for traders to engage with, catering to the varying trading preferences and strategies of its clients.

Stocks: You can access shares of publicly traded companies, enabling them to invest in the performance of individual companies.

Cryptocurrencies: The platform offers trading in digital currencies like Bitcoin, Ethereum, and others, allowing traders to participate in the dynamic and evolving cryptocurrency market.

Indices: GSI Markets provides access to major stock market indices, offering exposure to broader market performance.

Forex: The broker facilitates trading in the foreign exchange market, allowing traders to trade currency pairs and take advantage of fluctuations in exchange rates.

Commodities: You can also trade in commodities such as precious metals, energy, and agricultural products, providing diversification opportunities beyond traditional asset classes.

Account Types

GSI Markets offers traders three different live account types: Silver ECN, Gold ECN, and Platinum ECN accounts.

The Silver ECN account requires a minimum deposit of 250 USD and has a withdrawal time of 7 days. To acquire a Silver Account, traders must either trade 300 aggregated lots or reach total deposits of $1,000 to $10,000. To maintain the Silver Account, traders must continue to trade 150 lots quarterly.

The Gold ECN account offers a first deposit bonus of 10% up to 1,000 USD and has a withdrawal time of 3 days. To acquire a Gold Account, traders must either trade 2,000 aggregated lots or reach total account equity of $10,000 to $75,000. Gold account holders must trade a minimum of 600 lots quarterly to keep the account in good standing.

The Platinum ECN account provides a first deposit bonus of 15% up to 2,000 USD and has a withdrawal time of 3 days. To acquire a Platinum Account, traders must either trade 10,000 aggregated lots or reach total deposits of $75,000 and above. The Platinum Account is targeted at traders with higher trading volumes and account sizes.

How to Open a GSI Markets Account？

Step 1: Open an account by going to the broker's website: https://www.gsimarkets.com/.

Step 2: All you have to do is fill in the information in the box that says QUICK START. Once this is done, click on OPEN A REAL ACCOUNT which will take you to a page that says REGISTER ACCOUNT.

Step 3: Fill in your details, create a password, check the terms and conditions box and all other related boxes then click on CREATE MY ACCOUNT.

Step 4: You are now on your home page and can make a deposit online using your credit card. All you need to do is complete the DEPOSIT INFORMATION and click on the DEPOSIT NOW button.

Leverage

GSI Markets offers leverage of up to 1:100 for you. Leverage allows you to control a larger position size with a relatively small amount of capital. For example, with a 1:100 leverage, you can control a position of $10,000 with a deposit of only $100. While leverage can amplify profits, it also increases the risk of losses, as losses are also magnified in proportion to the leverage used.

Spreads & Commissions

GSI Markets distinguishes itself by offering trading with zero commissions. This means that you will not incur additional charges for each trade placed through the platform. However, while there are no commissions, you should consider the impact of spreads on the trading costs, which is not present on the official website.

Trading Platforms

GSI Markets offers the MetaTrader 4 (MT4) trading platform, which is widely regarded as one of the best in the industry. MT4 is known for its user-friendly interface, advanced charting tools, and customizable features. It also offers automated trading capabilities through Expert Advisors (EAs) and a wide range of technical indicators.

Additionally, the GSI Markets mobile app provides traders with access to the mobile version of MT4. While the mobile version may lack some of the features found in the desktop version, it offers several benefits, including increased flexibility and the ability to trade on the go. The mobile app is available for both Android and iOS systems, allowing traders to access their accounts and trade from their smartphones or tablets.

Trading Tools

GSI Markets provides traders with a comprehensive set of trading signals and tools designed to enhance their trading experience and improve decision-making.

• Indicators

Impulse MACD: This indicator combines three moving averages to visually represent market momentum on a chart. It helps traders identify potential buy or sell signals based on the convergence or divergence of these moving averages.

SHI Channel True: This indicator displays dynamic moving channels on a chart. It identifies fractal points in price history, connects them with lines, and draws parallel lines to create channels. You can use these channels to identify potential support and resistance levels.

Stretch Breakout Channel: This indicator helps you identify breakout opportunities by plotting channels based on recent price action. Breakouts above or below these channels may signal potential trading opportunities.

Variation Index: This indicator measures the variation in price movements over a specified period. It helps you gauge the volatility of an asset and can be used to identify potential trend changes.

ZeroLag MACD: This indicator is a modified version of the MACD (Moving Average Convergence Divergence) indicator that aims to reduce lag and provide more timely signals. It can help you identify trend reversals and momentum shifts.

• Economic Calendar

This tool provides you with a schedule of important economic events and announcements that may impact financial markets. It includes key indicators such as GDP releases, interest rate decisions, and employment reports, helping you make informed trading decisions based on fundamental analysis.

• Technical Signals

These signals are generated by technical analysis tools and indicators, such as those mentioned above. They provide insights into potential buy or sell opportunities based on price movements, trends, and other technical factors.

• Calculators

Profit Calculator: This tool helps you calculate potential profits or losses based on their trading position size, entry price, and exit price.

Margin and Pip Calculator: These calculators help you determine the margin required for a trade and calculate the value of a pip, which is the smallest price movement in a currency pair.

• BTC Signals

These signals are specific to Bitcoin (BTC) trading and provide insights into potential buy or sell opportunities in the Bitcoin market. You can use these signals to make informed decisions when trading Bitcoin.

Deposits & Withdrawals

To deposit money into your GSI Markets trading account, you can log in to your account using the email and password you provided during registration. Once logged in, navigate to the Members Area and click on the “Deposit” tab. From the dropdown menu, select your preferred deposit method, which can include Credit Cards, e-Wallets, or Wire Transfers. Follow the on-screen instructions to complete the deposit process.

Withdrawing money from your GSI Markets account is also straightforward. Log in to your account and navigate to the Members Area. Click on the “Withdraw” tab to access the withdrawal section. Fill out the withdrawal form with the required information, ensuring that all your verification documentation is in order. Withdrawals will be returned to the credit cards from which the charge was made, and profits above the invested amount will be transferred to your personal bank account. Wire transfers will take up to 7 business days due to intermediary financial processors.

Customer Service

The broker provides multiple contact options, including telephone support with dedicated numbers for various regions.

• +(44) 203 150 1767 (United Kingdom)

• +(55) 213 50 01808 (Brazil)

• +(56) 229 381 559 (Chile)

• +(57) 601 5141319 (Colombia)

• +(502) 237 84653 (Guatemala)

• +(52) 558 421 0153 (Mexico)

• +(507) 833 7744 (Panama)

In addition to telephone support, traders can also contact the customer support team via email at info@gsimarkets.com.

For traders who prefer real-time assistance, GSI Markets offers a live chat feature on their website.

GSI Markets also maintains an active presence on social media platforms such as Facebook, Twitter, YouTube, Google+, and Telegram. These platforms serve as additional channels for traders to interact with the customer support team, stay updated on news and announcements from the broker, and engage with other traders in the community.

Conclusion

GSI Markets provides a range of trading instruments and account options, but there are significant issues that impact your trading experience. The lack of regulatory oversight and reports of exposure labeled as “unable to withdraw” are both red flags that jeopardize your financial security. We advise against using GSI Markets and it is better to choose a broker with a clear track record and regulation from a reputable financial authority.

Frequently Asked Questions (FAQs)

Q: Is GSI Markets regulated？

A: No.

Q: What trading platforms does GSI Markets offer？

A: GSI Markets offers MetaTrader 4, including a desktop version, a web-based version, and a mobile trading app.

Q: What is the minimum deposit required to open an account with GSI Markets？

A: $250.

Q: Does GSI Markets offer a demo account？

A: Yes.

Q: What is the maximum leverage offered by GSI Markets？

A: 1:100.

Q: What are the available methods for deposit and withdrawal？

A: GSI Markets offers various methods for deposit and withdrawal, including Credit Cards, e-Wallets, and Wire Transfers.

Risk Warning

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.

Risk Warning

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.

General Information

What is One Financial Markets？

One Financial Markets is an online forex and CFDs broker, founded in 2007 and headquartered in London, UK. It offers access to a wide range of tradable instruments, including forex, commodities, indices, stocks, and CFDs through the MT4/5 trading platforms. The company is currently under the supervision of the UK Financial Conduct Authority (FCA), with regulation number 466201.

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

One Financial Markets offers several advantages such as being regulated by the United Kingdom Financial Conduct Authority (FCA), providing a wide range of tradable instruments, and offering multiple trading platforms including MT4 and MT5. They also provide competitive spreads and leverage options, as well as dedicated customer support and educational resources for traders.

However, it's important to be cautious due to reports of withdrawal issues and scams associated with the company. Traders should carefully review the available information and consider the associated risks before engaging with One Financial Markets.

One Financial Markets Alternative Brokers

There are many alternative brokers to One Financial Markets depending on the specific needs and preferences of the trader. Some popular options include:

• FXCM - A well-established and reputable broker with a range of trading instruments and platforms, suitable for both beginner and advanced traders.

• CMC Markets - A trusted broker offering a wide range of tradable instruments, advanced trading tools, and comprehensive research, making it a good choice for traders of all levels.

• Darwinex - A unique broker that combines social trading with investment strategies, allowing traders to follow successful strategies and potentially profit from them, making it a compelling option for those seeking innovative trading approaches.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is One Financial Markets Safe or Scam？

One Financial Markets, being regulated by the United Kingdom Financial Conduct Authority (FCA, License No. 466201) with a valid license, provides a level of credibility and accountability. Regulatory oversight helps ensure that the broker operates in compliance with established standards, including client fund protection and fair trading practices. However, it is always recommended for traders to conduct their due diligence, review available information, and consider their own risk tolerance before engaging with any broker.

Market Instruments

One Financial Markets offers a diverse range of market instruments for traders to access various financial markets. Forex trading is available, allowing traders to participate in the global currency exchange market. Additionally, they provide CFDs (Contracts for Difference) on shares, enabling traders to speculate on the price movements of individual stocks without owning the underlying assets. Traders can also trade CFDs on indices, giving them exposure to a basket of stocks representing a specific market or sector.

In addition, One Financial Markets offers CFDs on bullion, allowing traders to trade gold and silver. Commodity CFDs are available for trading various commodities such as oil, gas, agricultural products, and more. Energies such as crude oil and natural gas are also tradable instruments. Lastly, One Financial Markets offers CFDs on cryptocurrencies, providing traders with the opportunity to speculate on the price movements of popular digital assets like Bitcoin, Ethereum, and others. With this wide range of market instruments, traders can diversify their portfolios and capitalize on various market opportunities.

Accounts

As for accounts, all clients are given access to a demo account and a live trading account. The demo account is an excellent tool for clients to test trading environment and practice their trading strategies. The demo accounts come preloaded with a virtual fund of $10,000, allowing traders to simulate trading in real market conditions.

On the other hand, One Financial Markets also offers live trading accounts with no minimum deposit requirement, making it accessible for traders with different investment budgets. This feature enables traders to start trading with the amount they are comfortable with and gradually increase their trading capital as they gain confidence and experience. By offering both demo and live accounts, One Financial Markets caters to the needs of traders at different skill levels and investment capacities.

Leverage

With One Financial Markets, the maximum trading leverage that can be used is up to 400:1, a generous offering. Leverage allows traders to amplify their trading positions by borrowing funds from the broker. With a high leverage ratio like 400:1, traders can control larger positions in the market with a relatively smaller amount of capital. This can potentially increase both profits and losses.

While higher leverage offers the opportunity for greater gains, it also comes with increased risk. Traders need to exercise caution and have a solid risk management strategy in place when utilizing leverage. One Financial Markets' competitive leverage offerings enable traders to have more flexibility and potential trading opportunities, but it's essential to understand the associated risks and trade responsibly.

Spreads & Commissions

One Financial Markets provides floating spreads. As per its LIVE PRICES section, the minimum spreads on the benchmark of the EUR/USD pair is 1.0 pips, which is in line with the industry standards. You can refer to the provided information or screenshots for detailed insights. The spread is the difference between the buy and sell price of a financial instrument, and it represents the cost of trading for traders. Lower spreads can result in reduced trading costs and potentially enhance profitability.

The absence of commissions further adds to the cost-effectiveness of trading with One Financial Markets. One Financial Markets' transparent approach to spreads and commission-free trading ensures that traders can focus on their strategies without incurring additional charges, making it an attractive choice for cost-conscious traders.

Below is a comparison table about spreads and commissions charged by different brokers:

Please note that the spread and commission values mentioned above are for indicative purposes and can vary based on market conditions and account type. It's always recommended to check with the respective brokers for the most up-to-date and accurate information.

Trading Platforms

One Financial Markets offers a range of popular trading platforms to cater to the diverse needs of traders. The MetaTrader 4 (MT4) platform is available for desktop, web, and mobile devices, providing a user-friendly and feature-rich trading experience. MT4 is renowned for its extensive charting capabilities, advanced order types, and a wide range of technical indicators and analysis tools, empowering traders to make informed trading decisions.

Additionally, One Financial Markets also offers the MetaTrader 5 (MT5) platform, which is the successor to MT4 and includes enhanced features such as additional timeframes, depth of market functionality, and improved backtesting capabilities.

With the availability of MT4 and MT5 across multiple devices, traders have the flexibility to access and manage their accounts seamlessly from anywhere, ensuring a convenient and efficient trading experience with One Financial Markets.

See the trading platform comparison table below:

Deposits & Withdrawals

One Financial Markets offers a variety of convenient and secure methods for depositing and withdrawing funds. Traders can choose from options such as UK bank transfers, international SWIFT bank wire transfers, credit/debit cards, Neteller, and Skrill.

One Financial Markets minimum deposit vs other brokers

The accepted currencies, minimum deposit/withdrawal amounts, deposit/withdrawal fees, and processing times may vary depending on the chosen method. It is advisable for traders to review the specific details provided by One Financial Markets regarding each payment option to ensure a smooth and efficient deposit/withdrawal process. More details can be found in the below screenshot:

See the deposit/withdrawal fee comparison table below:

One Financial Markets Money Deposit

To deposit funds from your One Financial Markets account, you need to follow these steps:

Step 1: Login to your portal and click on the 'Transfers' tab at the top of the screen

Step 2:Click on 'Internal Transfers' on the right hand side

Step 3: Select your landing account by clicking on the 'From Account' drop down option

Step 4: Select your trading account by clicking on the 'To Account' drop down option

Step 5: Enter the amount you wish to transfer (you can move the entire balance or just a portion of it) in the 'Amount' field

Step 6: Click “submit”

Fees

One Financial Markets applies fees based on specific payment methods and account activity. The deposit and withdrawal fees may vary depending on the chosen payment method, and it is recommended to refer to the company's official website for detailed information on the applicable fees.

Additionally, One Financial Markets implements an annual dormant account fee of $25/€20/£20 if there are no open positions and no activity on the account for a period of 12 months or more. This fee is deducted from the account balance. Traders should review and understand the fee structure of One Financial Markets to make informed decisions regarding their trading activities and account management.

Customer Service

One Financial Markets places a strong emphasis on providing comprehensive customer support to its clients. Traders have access to 24/5 multilingual support through various channels, including live chat, phone, email, and online messaging.

The company also offers an FAQ section on its website, which can provide quick answers to common queries. Additionally, clients can stay connected with One Financial Markets through social media platforms such as Twitter, Facebook, and Instagram, allowing them to receive updates and engage with the broker's community.

The transparency displayed by One Financial Markets is reflected in its openly revealed company address, which adds to the trust and accessibility of their customer service.

Note: These pros and cons are subjective and may vary depending on the individual's experience with One Financial Markets' customer service.

User Exposure on WikiFX

On our website, you can see that some reports of unable to withdraw and scams. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. 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.

Education

One Financial Markets provides a range of educational resources and tools to support traders in their learning journey. Traders can access Trading Central, which offers market analysis, research, and trading signals to assist with informed decision-making. The platform also offers the One Indicator, a proprietary tool designed to identify potential trading opportunities.

Additionally, traders can benefit from MT4 expert advisors, which are automated trading systems that can execute trades based on pre-defined strategies. The trading glossary serves as a valuable reference, explaining key trading terms and concepts. One Financial Markets also offers access to the Yasmeen Society, which provides educational materials, market insights, and expert guidance.

Traders can further enhance their knowledge and skills by exploring various investment strategies. Lastly, the platform organizes live trading seminars, allowing traders to learn from industry professionals and gain practical insights into the markets. Overall, One Financial Markets aims to empower traders with educational resources and support to enhance their trading proficiency.

Conclusion

On the whole, One Financial Markets is a regulated brokerage that offers a wide range of tradable instruments and multiple trading platforms, making it a viable option for traders. They provide competitive spreads and leverage options, along with dedicated customer support and educational resources. However, it's crucial to exercise caution as there have been reports of withdrawal issues and scams associated with the company. Traders should carefully consider the available information and assess the associated risks before choosing One Financial Markets as their brokerage.

Frequently Asked Questions (FAQs)