Global Markets Group

Global Markets Group Limited, trading as GMG Markets, is a UK-based forex and CFD broker established in September 2017. The firm is registered at Green Park House, 15 Stratton Street, London W1J 8LQ, United Kingdom. It operates the website gmgmarkets.com and maintains a presence on Facebook and LinkedIn.

The broker offers trading in 71 currency pairs, 6 commodity CFDs (including metals), and 11 major index CFDs. GMG Markets positions itself as a specialist in FX and CFD products for retail clients, though it also provides an elective professional account tier for more experienced traders.

GMG Markets is authorized and regulated by the UK Financial Conduct Authority (FCA) under license number 744501. This places the broker under the oversight of one of the world's most respected financial regulators, which imposes strict capital adequacy, client money segregation, and reporting requirements.

However, it is important to note that the FCA has issued warnings about clone firms impersonating GMG Markets in 2019 and 2020. These clones were added to the FCA's blacklist. While the genuine entity holds a valid FCA license, the existence of clones highlights additional risks for traders, particularly those new to the broker.

GMG Markets offers four account tiers: Elective PRO, Raw Spread, Standard, and SpreadBet. The Elective PRO account provides a maximum leverage of 1:100, while the other three accounts cap leverage at 1:30, in line with FCA retail restrictions. Minimum deposit requirements are not published for any account type.

The accounts differ mainly in spread structure and target client. The Raw Spread account likely offers tighter spreads with a commission, while the Standard account may have wider spreads with no commission. The SpreadBet account is tailored for UK clients who prefer spread betting for tax advantages. The Elective PRO account is aimed at clients who qualify as elective professional clients under FCA rules, allowing higher leverage.

The broker's instrument list includes 71 currency pairs covering majors, minors, and exotics. Additionally, traders can access 6 commodity CFDs (including precious metals like gold and silver) and 11 major index CFDs. This selection is moderate in breadth, focusing on traditional FX and CFD markets.

While the known facts do not specify the trading platform, FCA-regulated brokers commonly offer MetaTrader 4 or 5, or a proprietary platform. Given GMG Markets' focus on FX, it is likely that a widely used platform is provided. However, this information is not confirmed from official sources.

Global Markets Group Limited was founded on September 12, 2017, and is registered in England. Its registered address is Green Park House, 15 Stratton Street, London W1J 8LQ. The company's social media presence includes Facebook and LinkedIn, which may be used for marketing and client support.

The broker's FXCanary Scam Risk Score is 46 out of 100, categorized as 'Guarded'. This score reflects the presence of FCA regulation but also the risks posed by reported clone companies and a lack of extensive independent reviews. Traders are advised to exercise caution and verify the entity's details directly with the FCA register.