General FAQs
We are here to help you!
Below you will find a list of answers to your Forex trading questions.
Please use the following link here to begin your live account application.
If you need further support, hop onto our live chat below!
Yes!!! There are no hidden fees or charges associated with opening a GMT Markets live account.
Please use the following link here to begin your live account application.
If you have successfully completed our registration process, funded your account and we are able to verify your identity, then you can start trading in minutes.
However, we recommend speaking to one of our Account Managers first.
Please use the following link here to begin your demo account application.
Yes!!! You are under no obligation to fund your account.
Please use the following link here to begin your demo account application.
In order to gain a practical understanding of foreign exchange trading, there is no better way than to open a forex demo account, where you can experience what it’s like to trade the forex market without risking any capital.
Yes! We hold a Belize Financial Commission License (Licence No. 000322/320). You can check our details on the professional registers page of the Belize FSC Website.
Customers are required to verify their accounts for identification and security purposes in accordance with our customer due diligence process, for example the verification of your name, date of birth, residential address, phone number, email address and payment method.
You may be required to provide us with valid and reliable identification documentation such as a Drivers License, Passport, Bank Statement etc.
The maximum leverage is currently 400:1, please refer to our product sheet for further information.
At GMT Markets, we take our responsibilities under regulation and to you our customer very seriously. We need to conduct checks to ensure that our clients are who they say they are. This helps protect both clients and us as a company.
Setting up an account with GMT Markets is no different to setting up a bank account or applying for a credit card.
When you hold a position or positions overnight in a margin FX contract or CFD (other than a future based CFD) they will be rolled to the next business day, which will result in you paying a swap charge or receiving a swap benefit. This is a varying rate dependent upon the applicable rate in the relevant market, the duration of the rollover period etc.
No. GMT Markets offers Negative Balance Protection. Meaning there will never be a situation where you have a negative account balance.
The main costs associated in operating an account with GMT Markets are the Spread and Swap. Please refer to our Product Disclosure Statement which contains a full list of our fees and charges.
The Spread is the difference between the BID and the ASK (Spread = Bid-Ask). GMT Markets offers clients ultra-low spreads. Spreads vary from instrument to instrument and vary on the amount of liquidity in the market. The Spread is a small cost you pay when you open up a trade.
When you hold a position/s overnight in a margin FX contract or CFD (other than a futures based CFD) they will be rolled to the next business day, which will result in you paying a swap charge or receiving a swap benefit. This is a varying rate dependent upon the applicable rate in the relevant markets, the duration of the rollover period etc.
Yes. You can use EAs (Expert Advisors) available from third-party providers. GMT Markets is not associated with any of these providers, we cannot provide additional support for these automated strategies and suggest you contact the source directly should you experience any difficulties related to settings or methodology.
Yes, you can trade a minimum lot size of 0.1 on margin FX.
You can open and close your positions as often as you like. There are no minim or maximum time limitations.
We have over 30 currency pairs on our platform and are still expanding the list from time to time.
Please refer to our product sheet for further information.
The best thing to do is to select “forgotten password” on the login page. The client portal will provide you with the necessary steps to reset your password.
Clients’ funds are held in segregated client trust accounts. Therefore, it is safe to deposit your money.
No. GMT Markets does not use client money for any purpose, including meeting obligations incurred by us when hedging with other counterparties.
Yes. Our team of Account Managers are committed to providing you with the highest level of customer service. We regularly call our clients to discuss potential trading opportunities, their trading experiences or just to lend a helping hand. We understand that you have choices when it comes to online trading and we value your business.
No. GMT Markets prides itself on being a Global FX trading firm welcoming clients from across the globe. Sadly, the US Commodity Futures Trading Commission (CFTC) regulation prevents US clients trading with non-US brokers. GMT Markets strictly complies with all International regulations and thus at present we are unable to accept US clients.
Accounts are never permanently closed down due to inactivity, however after 12 months of no activity on the accounts they will be temporarily archived. If you need to access your account again, simply contact info@gmtmarkets.com.
Please note that we may ask you to provide additional identification and verification documentation.
One of the benefits of trading with a regulated company is that you know you are trading on a reliable and reputable platform in a regulated environment, which has stringent rules and regulations designed, in particular, to protect the interests of clients.
GMT Markets provides a designated account manager for all our traders which is a distinct competitive advantage. Many brokers simply provide a platform to trade with, with no continual support. The added advantage of having an Account Manager is to have a committed and knowledgeable individual with trading experience to assist any trader with a variety of queries and challenges.
Our Account Managers educate traders on a variety of topics in the Forex market including but not limited to risk management, fundamentals and technical analysis and provide factual guidance on the market.
At GMT Markets we provide General Advice only. It is the responsibility of the Trader to determine if this advice is appropriate with consideration to your personal situation and needs and you need to decide if this is suitable for you before trading.
There are many advantages of choosing to trade with GMT Markets, here are just a few:
Client Money Protections – all client money is held in segregated client trust accounts.
Ultra-low spreads, with no extra commissions.
Negative Balance Protection – When trading with GMT Markets, clients can never lose more than their account balance. There will never be a situation where an account has a negative account balance.
Free Education – monthly seminars, weekly webinars, daily trading reminders.
1 on 1 customer service – GMT Markets provides a designated account manager for all our traders. The added advantage of having an Account Manager is to have a committed and knowledgeable individual with trading experience to assist any trader with a variety of queries and challenges.
GMT Markets is the registered business name of GMTK Global Pty. Ltd. and is regulated by by Belize Financial Services Commission (Licence No. 000322/320).
Still cant find what you are looking for?
Looking for more FAQs? Click below!
You can also contact our friendly team on 1800 468 658 or pop onto our live chat at bottom of the page.