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Anmeldungsdatum: 05.02.2023
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 Verfasst am: 20. Feb 2023 07:20 Titel: GMI Edge Review |
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GMI Edge Review
GMI Edge is a forex broker that is registered and regulated in Vanuatu, there isn’t much information on their website about them, no about ‘About Us’ page or outline of their goals. So we will be going into this review blind, looking at all aspects of their service and site to see if they stand up to the competition and so you can decide if they are the right broker for your trading needs.To get more news about gmi review, you can visit wikifx.com official website.
Account Types
There are four different accounts available to choose from, each with its own features, so let’s outline what they are.
Standard Account:
This account has a deposit requirement of $25 and must be in USD. The contract size is 100,000 units and leverage can go as high as 1:2000. Expert advisors are allowed as is hedging. There are no added commissions on the account which has a minimum trade size of 0.01 lots, a maximum of 50 lots and can have 200 orders open at any one time. Swap-free versions are available and the margin call level is set at 60% with the stop out level at 30%. It has a variable spread and has affiliate rewards available.
Standard (Bonus) Account:
This account has a deposit requirement of $25 and must be in USD. The contract size is 100,000 units and leverage can go as high as 1:2000. Expert advisors are allowed as is hedging. There are no added commissions on the account which has a minimum trade size of 0.01 lots, a maximum of 50 lots and can have 200 orders open at any one time. Swap-free versions are available and the margin call level is set at 60% with the stop out level at 30%. It has a variable spread and has affiliate rewards available.
Cent Account:
This account has a deposit requirement of $2.50 and must be in USD. The contract size is 1,000 units and leverage can go as high as 1:1000. Expert advisors are allowed as is hedging. There are no added commissions on the account which has a minimum trade size of 0.01 lots, a maximum of 150 lots and can have 200 orders open at any one time. Swap-free versions are available and the margin call level is set at 60% with the stop out level at 30%. It has a variable spread and has affiliate rewards available.
ECN Account:
This account has a deposit requirement of $100 and must be in USD. The contract size is 100,000 units and leverage can go as high as 1:5000. Expert advisors are allowed as is hedging. There is an added commission of $4 per lot on the account which has a minimum trade size of 0.01 lots, a maximum of 50 lots and can have 200 orders open at any one time. Swap-free versions are available and the margin call level is set at 60% with the stop out level at 30%. It has a variable spread and has affiliate rewards available.
Platforms
The only platform on offer is MetaTrader 4 which is one of the most used and secure platforms for trading Forex, allowing you to analyze the financial markets, use Expert Advisors (EA) and use a whole host of indicators and scripts to analyze your next move and transaction. Millions of traders with a wide range of needs choose MetaTrader 4 to trade in the market. Usable and accessible by all, MT4 is available as a mobile application, web trader and as a download for your desktop or laptop.
Trade Sizes
Trade sizes for all accounts start from 0.01 lots and go up in increments of 0.01 lots. The Standard, Standard (bonus) and ECN accounts have a max trade size of 50 lots and the Cent account has a maximum of 150 lots. You can also have a maximum of 200 orders at any one time.
Trading Costs
The ECN account is the only account that has an added commission, the commission of $4 per lot traded. The other accounts use a spread based system that we will look at later. There are also spread charges which are charged for holding trades overnight. Islamic swap-free versions of each account are also available. |
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