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GMT Markets Is An Approved Forex And CFD Trading Services Provider In 2011. GMT Markets Is A Registered Business Name Of Gmtk Global Pty. Limited, Licensed And Regulated By The Australian Securities And Investments Commission (asic) With License Number 400364. GMT Markets Is Also A Member Of The Australian Financial Complaints Authority (afca), As Well As The Australian External Dispute Resolution Scheme, Which Handles All Retail Customer Complaints. GMT Markets Offers Traders A Range Of Financial Marekts On The Mt4 Platform, Including Forex Trading, Commodities Trading And Precious Metals.
Market Tools
GMT Markets Offers Clients 32 Foreign Exchange Pairs, Including Exotic Currencies Such As The Singapore Dollar And The Chinese Yuan. The Broker Also Offers Spot Metals Such As Silver And Gold, Energy Commodities Such As Oil And Gas, Agricultural Commodities Such As Cotton, Cocoa, Sugar And Coffee, And CFDs On The US Dollar Index. Still Because We Don't See Any Crypto Assets In The List.
Minimum Deposit Amount GMT Markets
There Appears To Be Only One Standard Account Type, With A Minimum Deposit Of $500, Well Above The Industry Average. Most Brokers Require A Minimum Deposit Of $250 For Standard Accounts. In Addition, Demo Accounts Are Available For New Traders To Exercise Their Trading Skills In Preparation For Opening A Real Account.
Leverage
The European Securities And Markets Authority (ESMA) Has Reduced The Maximum Leverage Allowed For FX Trading In The European Union To 1:30. Similar Regulators Have Reduced The Maximum Leverage To 1:50 In The US And 1:25 In Japan.
Spreads And Commissions
We Did Not Find Too Many Details Related To Spreads On The GMT Markets Website. The EUR/USD Spread Is Fixed At 1.5 Pips, Which Is Very Much In Line With Industry Standards.
Trading Platform, GMT Markets
GMT Markets Offers The Most Popular Trading Platform Metatrader 4, Available For Windows, Apple Devices And Android Devices. Mt4 Remains The Most Popular Trading Platform As It Is Lightweight And Reliable, With A User-friendly Interface, Various Charting Tools And More Than 50 Market Indicators.
Deposits And Withdrawals
There Are Several Deposit And Withdrawal Options Accepted By GMT Markets. Traders Can Deposit Or Withdraw Money Via MasterCard, Visa, Bank/Telegraphic Transfer, UnionPay, Bpay, Poli Online Banking. Missing Some Popular E-wallet Systems Such As Neteller, Skrill And Paypal. There Are Also No Options For Bitcoin And Other Cryptocurrencies.