GMT Markets is an online trading broker that is headquartered in Melbourne, Australia, and provides traders with favorable trading conditions, such as negative balance protection, competitive spreads, no extra commission, and leverage of up to 1:200. Traders are also allowed to trade forex, CFDs, commodities, metals, cryptocurrencies, and other financial markets via the MT4 trading platform. The broker also provides some useful trading tools and educational resources.
GMT Markets Review Introduction
In this GMT Markets review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including GMT Markets.
GMT Markets Platforms & Tools
Trades are executed on the intuitive MT4 trading platform. MT4 came into existence in 2005 by the Russian software company known as MetaQuotes. It is widely used by most forex and CFD traders globally due to its intuitive interface that makes it suitable to both beginners and expert traders. It is built with a range of trading tools, including analytical tools, multiple charts, and advanced trading capabilities, such as the support for automated trading using expert advisors. The broker presents the MT4 trading platform as a desktop application for Windows and Mac computers, a WebTrader that can run directly on most modern web browsers without the need to download or install any application, and a mobile app that is designed specifically for smartphone devices running on Android and iOS. The mobile app enables traders to do everything on the go.
Trading tools like the daily market analysis and an economic calendar, which predicts future market events and their expected impacts on the financial markets, are available to enable traders to get the best out of their trades.
GMT Markets Research & Education
Traders benefit from some educational resources that are provided on the broker’s website to help traders improve their trading knowledge. They include exclusive news feeds, webinars, seminars, and more.
GMT Markets Trading Accounts
Traders are allowed to open a single live trading account. Multiple trading accounts are not permitted for a single user. However, there is also the demo account, which allows traders to try out the broker’s trading platform and test their strategies with virtual funds before opening a live trading account.
GMT Markets Account Funding
The broker accepts the following payment options, namely: bank transfer, credit/debit cards, and e-payments. However, the transaction processing times may vary depending on the payment method.
GMT Markets Customer Service
GMT Markets’ client support team can be contacted using the call back form on its website or the email and telephone numbers provided on the website. You can also visit their office in Melbourne, Australia.
GMT Markets Regulation
GMT Markets is the registered business name of GMT Global Pty Limited, which is regulated by the Australian Securities and Investments Commission (AFSL: 400364, CAN: 147 766 336).
GMT Markets Review Summary
GMT markets are an Australian multi-asset brokerage firm that provides clients with the MT4 trading platform for executing all their trading strategies. They offer a range of products to choose from, and traders benefit from trading tools, educational resources, and a client support team. Traders are offered a single live trading account and a demo for practice purposes, while there are multiple payment methods.
It is worth mentioning that some of the trading products and services in this GMT Markets review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the GMT Markets broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.