GSI Markets is an unlicensed Forex broker that is owned by Media Force Limited.
GSI is located at: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands, MH 96960. Their contact phone numbers are; United Kingdom: +442031502043, Mexico: +525584210153. Contact email address is: [email protected]. Official website is: https://www.gsimarkets.com/.
Investors with withdrawal problems should read this.
GSI Markets Broker Reviews
Our review of the brokers at GSIMarkets shows that they are targeting investors in South America. Their website is available in Spanish, Portuguese and English.
Clients are offered the basic trading platform from MetaTrader4 as a desktop application. It is also available as a web based version via your browser, or as a mobile app for Android and iOS devices. Available assets for trading CFDs officially includes; Forex pairs, Global Market Indexes, Shares, Oil, Gold, and Silver. In our demo trading account we could only see about 20 Forex pairs to trade.
Minimum deposit amount for a new trading accounts was not shown. There are a variety of methods to deposit including bank transfer in Latin America, and Crypto deposits. This broker offers you Bonus Money, which may sound like a good idea, but it usually is the cause for complaints from new investors who do not understand how bonuses work, read more.
Margin and leverage is offering with rates as high as 100:1.
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Most people start trading because they saw an advertisement for a trading app which makes huge profits automatically. For example, we signed up for a trading software called Genius Money, which directed us to trade at this broker. Genius Money said that they are a new system and we could “Be One Of 100 Beta Testers To Profit From Our Revolutionary Software”.
Once we signed up for the software, we did not see any automated trading robot, just the classic MT4 trading app.
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Is GSI Markets a Regulated Broker?
No, GSI Markets is not a regulated or licensed broker. They are located in the offshore haven of Dominica or Marshall Island.
They are actually managed by a team of people in Malta according to their Facebook profile. Listed on their website is also the company; Netmedia Markets OU, Roosikrantsi tn2-K259, Tallin, Harju Maakond, 10119, Estonia. That is the company they use for processing payments.
When reviewing a new Forex broker, the first thing a serious investor looks for is a valid brokerage firm license. The reason people will only use a licensed broker, is so that in the event that the brokerage firm goes out of business, their money is protected by a government regulator. Every country has their own licensing requirements for Forex brokers.
There are many licensed Forex brokers who you can trade with, see below. In the United Kingdom, brokers are licensed and authorised by FCA, and in Australia the financial regulator is ASIC. Smart investors always try a few licensed Forex brokers, before choosing their broker.
Compare Regulated Brokers
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What was your experience trading with GSI Markets? Please share your thoughts in the comments section below.