Overview Of Global Markets Group
Global Markets Group Is A Financial Trading Company Registered In The United Kingdom. The Platform Offers A Wide Range Of Trading Assets, Including Forex, Indices And Commodities, Enabling Traders To Diversify Their Portfolios Across Different Markets. Competitive Spreads For Forex Trading Start From 0.0 Pips, Allowing Traders To Potentially Reduce Trading Costs And Increase Profitability. The Maximum Available Leverage Ratio Is 1:30, Meeting Regulatory Guidelines To Manage Risk.
Global Markets Group Operates On The MetaTrader 5 (MT5) Trading Platform, An Advanced And User-friendly Platform That Offers Faster Speeds, Improved Charts And A Range Of Trading Tools. Traders Have Access To 71 Currency Pairs, 11 Major Indices And Over 6 Commodities, Providing A Diverse Range Of Trading Opportunities.
Pros And Cons
Pros:
Regulated By The FCA: The Platform Is Regulated By The UK's Financial Conduct Authority (FCA), A Reputable Regulator In The UK. This Regulation Provides Traders With A Level Of Trust And Security As It Means Adhering To Strict Financial And Operational Standards.
User-friendly Platform: The Trading Platform Is Designed With User-friendliness In Mind. It Offers An Intuitive Interface And Simple Navigation That Makes It Easy For Traders To Use Regardless Of Their Level Of Experience. This Simplicity Can Enhance The Overall Trading Experience.
Wide Range Of Trading Tools: Global Markets Group Offers A Wide Range Of Trading Tools, Including Forex, Commodities, Indices, And More. This Diversity Allows Traders To Explore Different Markets, Diversify Their Portfolios, And Satisfy Various Trading Strategies.
Support For Multiple Payment Methods: The Platform Supports Multiple Payment Methods, Ensuring The Convenience Of Traders When Accessing Funds. Whether Using Traditional Bank Transfers, Credit/debit Cards, Or Cryptocurrencies, Traders Have The Flexibility To Choose Their Preferred Payment Method.
Offer A Wide Range Of Cryptocurrency Options: Global Markets Group Offers A Wealth Of Cryptocurrencies For Trading. This Includes Popular Digital Currencies Like Bitcoin, Ethereum, And Others. Cryptocurrency Enthusiasts Can Take Advantage Of These Options To Participate In Cryptocurrency Trading.
Disadvantages:
Limited Maximum Leverage: The Maximum Leverage Offered By The Platform May Be Limited, Although Specific Details Are Not Provided In The Information. Limited Leverage May Limit Traders Seeking Higher Leverage Ratios To Enlarge Their Positions, Potentially Affecting Their Trading Strategies.
Limited Variety Of Trading Accounts: The Platform May Have Limited Account Options And May Not Meet The Specific Needs And Preferences Of Various Traders. The Lack Of Account Types May Limit Traders' Ability To Choose Account Types That Match Their Trading Objectives.
Limited Educational Resources: While The Information Does Not Specify The Extent Of Educational Resources, The Lack Of Comprehensive Educational Materials May Hinder A Trader's Ability To Improve Their Trading Skills And Knowledge. Quality Educational Resources Are Essential For Traders Who Wish To Improve Their Strategies And Make Informed Decisions.
Limited Customer Support: Inadequate Customer Support Can Be A Drawback As It Can Lead To Difficulties In Solving Problems Or Getting Help. Timely And Effective Customer Support Is Essential To Promptly Address A Trader's Inquiries, Concerns Or Technical Difficulties.
Market Tools
Global Markets Group Offers A Diverse Range Of Trading Assets Covering Various Markets, Providing Traders With Opportunities In The Most Popular And Liquid Financial Marekt Around The World. Here Is A Specific Description Of The Available Trading Assets:
Forex: The Forex Market Offers Traders The Ability To Trade 24/5 In The Most Liquid Financial Marekt Around The World. At Global Markets Group, Traders Can Benefit From Tight Spreads, Excellent Execution Capabilities, And Access To Deep Interbank Liquidity Across 71 Currency Pairs. With Leverage Of Up To 1:30, Traders Have The Flexibility To Control Larger Positions, While Deep Liquidity Ensures Seamless Order Execution.
Indices: Global Markets Group Provides Access To The World's Largest Stock Market Through Global Index CFDs. Traders Can Explore 11 Major Indices Worldwide, With Spreads Starting From Just 0.5 Pips. This Allows Traders To Gain A More Comprehensive Understanding Of The Stock Market, While Enjoying The Convenience Of Commission-free Trading And 24/5 Market Access. Leverage Of Up To 1:20 Is Available, And Traders Can Choose Between Original And Standard Trading Account Options For Added Flexibility.
Commodities: For Those Interested In Trading Energy And Metals Products, Global Markets Group Offers Commodities Trading In A Unique Way. Traders Can Think Of These Products As Currency Pairs To The US Dollar, Combined With Tight Pricing And Flexible Lot Sizes Starting At Just 10 Cents Per Pip. This Approach Provides A Powerful Trading Product Available For Trading 6 Commodities Including Energy And Metals. Spot CFDs And Leverage Up To 1:20 Further Enhance The Trading Experience.
Global Markets Group Ensures That Traders Have Access To A Variety Of Markets In The Selection Of Forex, Index And Commodities Trading Assets To Diversify Their Portfolios And Take Advantage Of Trading Opportunities Across Different Asset Classes.
Account Types
Global Markets Group Offers Two Different Account Types: "Hot Account" And "Original Spread Account", Each Designed To Meet The Different Needs And Preferences Of Traders.
"Hot Account" Is Specifically Tailored For Traders Looking For Competitive Trading Conditions. The Minimum Deposit Is $200 And Offers A Leverage Ratio Of 1:30, In Line With Regulatory Guidelines Set By Many Financial Institution Groups. Traders Using This Account Can Benefit From Spreads Starting From 0.0 Pips, Meaning That Costs Associated With Trading Are Minimized. However, A Commission Of $3.50 Per Lot Traded (or $7.0 Round Trip Per Lot Traded) Is Payable. Suitable For Traders Who Rely On Expert Advisors (EAs) And Shaved-head Trading Strategies, This Account Provides The Tools Needed For Algorithmic Trading.
On The Other Hand, The "Raw Spread Account" Offers Traders A More Traditional Trading Experience, With Spreads Starting At 0.6 Pips. This Account Type Does Not Incur Commission Fees Per Lot Of Trades, Making It An Economical Choice For Traders Who Prefer To Trade For Free. As With The Popular Account, It Also Requires A Minimum Deposit Of $200 And Offers Leverage Of 1:30. Traders Of All Trading Styles, Including Discretionary Traders, Can Use The Account Comfortably.
Both Account Types Operate On The MetaTrader Trading Platform, A Popular And Versatile Choice In The Industry. Traders Using These Accounts Have Access To 71 Currency Pairs, Providing A Diverse Range Of Trading Opportunities. These Accounts Also Support Up To 200 Open Orders Per Account, Providing Ample Room To Manage A Wide Variety Of Trades.
Leverage
Global Markets Group Offers Leverage Up To 1:30 For Trading. Leverage Is A Tool That Allows Traders To Control Position Sizes That Are Larger Than Their Initial Capital. In This Case, Leverage Up To 1:30 Means That For Every $1 In Your Trading Account, You Can Open Positions Worth Up To $30.
Although Leverage Can Amplify Potential Profits, It Must Be Understood That It Also Increases The Risk Of Significant Losses. Traders Should Use Leverage Cautiously, Taking Into Account Their Own Risk Tolerance And Implementing Appropriate Risk Management Strategies.
Global Markets Group Has A Maximum Leverage Ratio Of 1:30, Which Meets Regulatory Standards And Provides Traders With The Flexibility To Manage Their Positions According To Their Trading Strategy And Risk Appetite. It Is Important To Be Aware Of The Associated Risks And Use Leverage Responsibly To Protect Your Trading Capital.
Spreads And Commissions
Global Markets Group Offers Traders A Competitive Spread And Commission Structure. Here Is A Detailed Description Of Spreads And Commissions:
Spreads:
Forex Trading: Global Markets Group Offers Spreads Starting From 0.0 Pips, Giving Traders Access To The Forex Market. This Means That Traders Can Benefit From Lower Spreads, Which In Turn Reduce Trading Costs And Potentially Increase Profitability.
Indices: For Trading Index Contracts For Difference (CFDs), Spreads Across 11 Different Indices Start From 0.5 Pips. This Allows Traders To Open Positions On Major Stock Markets With Competitive Spreads.
Commodities: When Trading Commodities, Traders Can Enjoy Tight Pricing With Spreads Of Just 10 Cents Per Pip. The Flexibility Of Lot Sizes And Tight Spreads Make Trading Commodities With The U.S. Dollar A Powerful Option.
Commission:
Global Markets Group Offers Different Types Of Trading Accounts, Including "Hot Account" And "Original Spread Account". Although Specific Commission Values Are Not Provided In The Information, Commission Structures May Vary Depending On The Account Type And Trading Instrument Selected.
Please Note That Commission Fees May Vary Depending On The Account Type And Trading Conditions. Some Accounts May Offer Zero Commissions With Trading Costs Already Included In The Spread, While Others May Charge A Separate Commission Per Lot Traded.
Trading Platform
Global Markets Group Offers The MetaTrader 5 (MT5) Trading Platform, Providing Traders With A Dynamic And Feature-rich Trading Environment. Here Is An Overview Of The Trading Platform:
MetaTrader 5 (MT5) Platform:
The MT5 Platform Is The Successor To The Popular MT4 Platform, Offering Several Enhancements And Improvements. It Is Designed To Provide A Dynamic And Functional Trading Experience To Meet The Needs Of Traders.
Key Features And Benefits:
Optimized Interface: MT5 Has An Optimized And User-friendly Interface That Enhances The Overall Trading Experience. The Layout And Design Of The Platform Is Intuitive And Easy To Understand, Making It Easier For Traders To Navigate And Execute Trades Efficiently.
Improved Speed: Compared To Its Predecessor, MT5 Offers Faster Speed And Performance, Ensuring Fast Execution And Responsiveness Of Orders. This Is Essential For Traders Who Need Real-time Market Data And Fast Trade Execution.
Upgraded Charting Capabilities: MT5 Offers Advanced Charting Capabilities That Allow Traders To Perform In-depth Technical Analysis. The Platform Offers Multiple Chart Types, Time Frames, And Technical Indicators To Help Traders Make Informed Decisions.
Advanced Trading Tools: Global Markets Group's MT5 Platform Is Equipped With Advanced Trading Tools That Provide Traders With Valuable Insights And Analysis. These Tools Can Help Make Strategic Trading Decisions And Manage Risk Effectively.
Wide Range Of Tradable Assets:
71 Currency Pairs Are Available For Forex Trading.
6 Commodities And Metals Can Be Traded Against The US Dollar.
11 Major Indices Such As The FTSE 100, S & P 500, Dow Jones 30 And Germany DAX30.
Traders Using The MT5 Platform Have Access To A Wide Range Of Tradable Assets Including:
Industry-leading Spreads:
Global Markets Group Offers Competitive Spreads On The MT5 Platform. Typical Spreads Can Be As Low As 0.0 Pips. Tight Spreads Are Beneficial To Traders As They Can Help Reduce Transaction Costs And Potentially Increase Profitability.
Instrument Specifications:
Please Note That Instrument Specifications (including Spreads) Are Subject To Change Depending On Market Conditions And Other Factors. Traders Are Advised To View The Most Accurate And Up-to-date Details Displayed On Their Accounts Through The MT5 Platform.
Deposits And Withdrawals
Global Markets Group Offers Convenient Payment Methods For Deposits And Withdrawals. The Specific Details And Processing Times Are As Follows:
Payment Methods:
Global Markets Group Offers Account Holders A Variety Of Payment Methods For Deposits And Withdrawals. These Methods Include Bank Transfers, Credit/debit Card Payments, And There May Be Other Options Depending On The Customer's Location And Preferences.
Minimum Deposit:
Minimum Deposit Requirements For Global Markets Group Accounts Are Not Specified In The Information Provided. Traders Are Advised To Refer To The Company's Official Website Or Contact Customer Support To Determine The Current Minimum Deposit Amount, As This May Vary Depending On Account Type And Region.
Payment Processing Time:
Withdrawals Are Usually Processed Promptly By Global Markets Group Within 24 Hours Of Receipt Of A Withdrawal Request. The Speed At Which Funds Are Transferred To Your Bank Account Depends On Several Factors:
If Your GBP Bank Account Is Registered In The UK, Funds Will Arrive In Your Account Almost Instantly Via A Faster Payment Method, Ensuring You Can Use Your Funds Quickly.
For International Transfers, Processing Times May Vary And Take Approximately 2-5 Working Days. The Actual Duration May Depend On Your Bank's Processes And Processing Times.
Please Note That You May Incur Additional Charges If The Funds Transaction Involves An Intermediary Bank. These Intermediary Banks May Charge A Fee For Their Services And You Are Responsible For The Payments.
CUSTOMER SUPPORT
Global Markets Group Is Committed To Providing Its Clients With Exceptional Customer Support To Assist Them At Every Stage Of Their Trading Endeavours. For Inquiries And Assistance, Clients Can Easily Contact The Firm Through Two Main Channels. Firstly, By Info@gmgmarkets.co.uk Via Email, Clients Can Submit Their Questions And Concerns. The Firm Is Committed To Responding Promptly, Usually Within A Reasonable Timeframe To Emails, Usually Within 2 Hours Of Receipt. Secondly, Clients Have The Option To Contact Global Markets Group By Phone Using The Number + 44 (0) 203 8653306. This Multi-channel Approach Ensures That Clients Have A Convenient Option To Seek Help Or Clarification When Needed, Contributing To A Positive And Supportive Trading Experience With Global Markets Group.
