Because the broker is closing, we do not recommend opening or funding an account. Choose a regulated, active broker instead.
See Regulated Brokers →
No. At the time of writing, the GMI Edge website (gmiedge.com) shows only an “Important Notice” confirming that Global Market Index LLC and GMI Global Market Index Limited have ceased all trading activities and business operations, and that they are in the final stages of an orderly wind-down.
Existing clients are directed to the company’s client portal to review their accounts, with residual queries handled by GMI’s official support email. New account opening is closed.
| Factor | GMI Edge | IC Markets / XM / Pepperstone |
|---|---|---|
| Operating? | Winding down | Active |
| New accounts | Closed | Open |
| Regulation | Offshore only | ASIC / CySEC / FCA |
| Recommended? | No | Yes |
GMI Edge has officially ceased operations and is winding down. There is no live, regulated platform to open or fund, so we do not recommend it. If you already hold a GMI account, withdraw your funds via the official portal and keep records.
For new trading, pick a broker with a verifiable tier-1 or strong tier-2 licence and a long, active track record.
GMI Edge (GMI Markets) was a forex/CFD broker operated by Global Market Index LLC (St. Vincent & the Grenadines) and GMI Global Market Index Limited (St. Lucia). Its website now displays only an official notice confirming that the companies have ceased all trading and business operations and are in the final stages of an orderly wind-down, with no new clients being onboarded.
Because the broker is closing, there is no live, regulated platform to open or fund. If you are an existing client, log in via the official portal, withdraw any remaining balance, and keep records. Be alert to impersonation and “fund recovery” scams that often follow a broker’s closure. For new trading, choose a regulated, active broker.