GMT Markets Review
Based in Melbourne, Australia, GMT Markets is a regulated trading broker that provides traders with the sophisticated MT4 trading platform for trading multiple instruments across different asset classes, such as forex, CFDs, commodities, metals, and cryptocurrencies. They offer negative balance protection and competitive spreads with no extra commission, whilst there is a leverage of up to 1:200 available.
GMT Markets Review, Pros & Cons
- Various tradable assets
- The MetaTrader 4 trading platform
- A range of trading & learning tools
- No USA clients
- No FIX API for DMA
- Not the lowest spreads
- Minimum $500 deposit
- No live chat support
In this detailed GMT Markets review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
GMT Markets Overview
GMT Markets, an online trading broker that gives traders the opportunity to trade over 100 financial products online using the MT4 trading platform. They provide traders with a variety of useful trading tools, educational resources, and a client support team. Traders benefit from a range of competitive trading conditions, including rapid execution, negative balance protection, reasonable spreads, and more.
GMT Markets Regulation
GMT Markets is the registered business name of GMTK Global Pty. Ltd. and is regulated by the Australian Securities and Investments Commission (AFSL: 400364, ACN: 147 766 336).
GMT Markets Countries
The information on the broker’s website is not intended or directed at residents of any particular country outside of Australia and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Some GMT Market’s features and products mentioned within this GMT Markets review may not be available to traders from certain countries because of legal restrictions.
GMT Markets Platforms
The broker allows clients to trade the available trading products using one of the leading trading platforms: MetaTrader 4. The platform was launched in 2005 by the Russian software company, MetaQuotes. It has a user-friendly interface, which makes it suitable for both beginner and advanced traders. The MT4 trading platform is available as an installable desktop application for Windows and Mac computers, a non-installable WebTrader, and a mobile app that is designed for mobile devices running on Android and iOS systems.
GMT Markets Trading Tools
Trading tools such as economic calendar and daily market analysis, are provided to ensure traders get an enhanced trading experience.
GMT Markets Education
The broker’s website contains a good selection of educational resources, including exclusive articles, news feeds, webinars, seminars, and more, to help traders improve their trading knowledge.
GMT Markets Instruments
The broker offers the following products for online trading: forex, CFDs, commodities, metals, and cryptocurrencies.
GMT Markets Accounts & Fees
The broker offers only a single live trading account, but there is a demo account for practice purposes.
As broker fees can vary and change, there may be additional fees that are not listed in this GMT Markets review. It is imperative to ensure that you check and understand all of the latest information before you open a GMT Markets broker account for online trading.
GMT Markets Support
GMT Markets provides traders with a professional customer support team that can be contacted through telephone, email, call back form, or by visiting the team at their office in Melbourne.
GMT Markets Deposit & Withdrawal
The following payment methods are available at GMT Markets for account deposits and withdrawals:
- Bank wire transfer
- Credit/debit cards
- Electronic payments
The time taken to process transactions may vary depending on the payment method in use.
GMT Markets Account Opening
To create an account, potential traders are required to click on the ‘Sign Up’ icon and fill out the form, providing their personal information. Next is to upload the required KYC documents and get approved for trading.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
GMT Markets Summary
GMT Markets is an online trading broker that is based in Melbourne, Australia, providing traders with the MT4 trading platform for trading a good range of financial instruments. Trades also benefit from some useful trading and learning tools, while a client support team is on hand to respond to their various inquiries. The broker is regulated by the ASIC.
Investing in GMT Markets derivative products carries significant risks and is not suitable for all investors. The Product Disclosure Statement (PDS) for this product is available from GMT Markets – you should consider it before you enter into any transaction with the broker.