GSI Markets Review
Overview
Company Information GSI Markets is one of the best online trading platforms that offers transparency and excellent trading options. The company began its business in 2003. It’s owned by NetMedia… more
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| Broker | GSI Markets |
|---|---|
| Website URL | https://www.gsimarkets.com/ |
| Headquarters | London, United Kingdom |
| Support Number | +(44) 207 048 7224 |
| Support Email | info@gsimarkets.com |
| Support Types | Phone, Live Chat, E-mail |
| Languages | English, Russian, French, German, Portuguese, Chinese, Spanish |
| Minimum Trade Amount | 0.01 lots |
| Free Demo Account |  |
| Regulated | |
| Regulation | Financial Services Authority of the Commonwealth of Dominica |
| Account Types | Silver ECN, Gold ECN, Platinum ECN, Islamic |
| Deposit Methods | Wire Transfer, Online Bank Transfer, Visa, MasterCard, WebMoney |
| Withdrawal Methods | Wire Transfer, Online Bank Transfer, Visa, MasterCard, WebMoney |
| Types of Assets | Forex, CFDs |
| Account Currency | EUR, GBP, USD |
| US Traders Allowed |  |
| Mobile Trading | |
| Tablet Trading | |
Full Review
Company Information
GSI Markets is one of the best online trading platforms that offers transparency and excellent trading options. The company began its business in 2003. It’s owned by NetMedia Markets OU, and their headquarters are located in London, England. The company is under the regulation of the Ministry of Economic Affairs and Communications (MKM). GSI markets have offered trading services for more than a decade now, and their popularity is still growing. Today, the company has clients from more than 150 countries around the world. GSI Markets offer some of the tightest spreads in the industry and offer a wide variety of account options. With highly trained managers and excellent customer support, it’s not surprising that it ranks amongst the best online brokers in the world. Despite the controversial information about the company’s financial history, GSI Markets is still a legitimate business. Let’s see what trading features they offer.
Trading Information
GSI Markets has a total of four different types of accounts. The first is the SILVER ECN Account. With it, you have almost all trading options and features, but you’ll be lacking trading signals, bonus for a first deposit of the month and the optional rebate program. Also, the withdrawal will be much slower from up to 7 days. With the GOLD ECN Account, you get all the mentioned benefits and a 10% bonus for your deposits. The Platinum Account is pretty much the same as the previous one, but the bonus is 15%. We’ll explain all the bonuses below. There is also an Islamic Account where people can trade following the regulations of Sharia Law. This account has the same benefits as the Platinum one. There are more than 200 instruments available for trading including 31 currency pairs. Hedging and scalping are allowed. Mobile trading is supported, along with news trading and automated trading. Leverages can go to up to 1:100 and spreads can go as low as 0.7 pips. All In all, the platform offers all the needed features and options for a beginner or an expert trader.
Trading Platforms
It’s not a surprise that GSI Markets have chosen the Metatrader4 as their main platform. It’s a bit outdated regarding graphics, but it’s still one of the best platforms around. What makes it useful is the fact that it has been around for a while, and there are tons of guides on how to us it. It’s highly customizable and easy to understand. As mentioned, you can find more than 200 trading instruments inside, charts, news streams and more. Metatrader4 is available for Windows and MAC OS and works both on Android and IOS smartphones. The only downside of the platform is that it needs additional downloads and installation. But, GSI Markets have taken care of it by offering a WebTrader platform. It only requires an internet connection and can be used by any desktop or mobile device. It doesn’t matter if you’re a beginner trader, or you’re already an expert; GSI Markets have got you covered.
Security and Customer Services
Security at GSI Markets is covered by an SSL protocol that protects all of your personal data. With already a lot of years behind them, the people from the company provide excellent service. As far as customer support is concerned, GSI Markets has all the important parts covered. You can contact their employees 24/7 easily, and response times are very quick. They have a phone number, fax, email and even something that is very rare to see a forex broker agency a physical address of the office. Their FAQ section is very helpful, and you can find answers to all questions concerning the platform. The included Live chat support system is very welcomed, and there are many other ways to contact them. Some rumors are going over forums and reviews websites that the company is involved in personal data theft and scam schemes, but it is a corporation with over ten years of experience, so that much is expected.
Deposits and Withdraws
Depositing money into your GSI Markets account is made easy and there are plenty of payment methods available. The general credit and debit card options are available along with the bank transfer. There are also several digital wallets along with the very welcome possibility of depositing the Bitcoin currency. There are no deposit charges whatsoever except for the ones that your bank might take. Deposits are usually instant, but there are times where they can be delayed for 1-2 business days. It all depends on the payment method, and bank transfers are known to take a while. Withdrawals are made with a withdrawal form you have to fill. The withdrawal method can be the same as the deposit one, but you can change it if you want. To receive the money into your bank account, it usually takes about three business days. Sometimes, however, the processing time can take up to 7 business days. There are no withdrawal fees charged by GSI Markets.
Deposit Bonus and Loyalty Programs
With a lot of experience in the online trading industry GSI Markets knows that bonuses and loyalty programs are crucial. There are several bonuses you can take advantage from when you join the platform. The first one is the %5 next deposit bonus where every time you deposit you get 5% bonus money. The second one is for every making an account on the platform where you get a 15% bonus on your first deposit. And last but not least there is $100 bonus for every friend you refer to the platform and makes a deposit.
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