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Global Markets Group: MT5 accounts, conflicting inactivity tariffs and UK protections

Global Markets Group Limited offers Standard and Raw Spread MT5 accounts through its UK business. The published account pages and legal documents disagree on opening deposits and inactivity charges; those conflicts matter more than the headline spread. Retail protections, professional classification and the authentic gmgmarkets.co.uk domain require separate attention.

By FXBrokers.ai Editorial DeskOperating status: ActiveSources checked Published Updated
Profile scope

Global Markets Group Limited offers Standard and Raw Spread MT5 accounts through its UK business. The published account pages and legal documents disagree on opening deposits and inactivity charges; those conflicts matter more than the headline spread. Retail protections, professional classification and the authentic gmgmarkets.co.uk domain require separate attention.

  • Raw Spread quotes USD 3.50 per lot per side; Standard uses a spread-only model.
  • The current costs disclosure and client agreement give materially different dormancy tariffs.
  • FCA clone warnings distinguish the genuine UK company from unrelated lookalike websites.

Accounts and eligibility

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Two retail pricing models share the same platform. Elective Professional is a separate client classification: depositing USD 1,000 does not by itself qualify a retail client for higher leverage. The broker also maintains conflicting account pages, so the signed opening schedule matters.[1][5]

At a glance01

Retail account pricing

Retail account pricing
ItemPublished terms
StandardMT5; no separate trading commission; spreads advertised from 1.0 pip.Source 1
Raw SpreadMT5; spreads from 0.0 pip; USD 3.50 per standard lot per side.Source 1
At a glance02

Published opening-deposit conflict

Published opening-deposit conflict
ItemPublished terms
Main account comparisonUSD 100 for Standard and Raw Spread; USD 1,000 for Elective Professional.Source 1Source 5
Parallel /en comparisonUSD 200 for both retail accounts; Standard spreads from 0.6 pip.Source 1Source 5
Practical consequenceNeither page establishes which deposit schedule a newly approved client will receive.Source 1Source 5
At a glance03

Professional-account conditions

Professional-account conditions
ItemPublished terms
Published ceilingLeverage up to 1:100 after professional classification.Source 1
Experience evidenceRelevant significant trades averaging ten per quarter over the preceding four quarters; professional financial-sector experience is another listed criterion.Source 1
Protection changeThe site warns that retail regulatory protections do not all continue after reclassification.Source 1
At a glance04

Account denomination and sizing

Account denomination and sizing
ItemPublished terms
Base currenciesUSD, EUR and GBP on the current Standard account page.Source 9Source 1
Smallest advertised FX trade0.01 standard lot.Source 9Source 1
Order capacityAccount comparison lists a maximum of 200 position orders per account.Source 9Source 1

View full spreads & trading costs

Markets and contract specifications

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At a glance05

Published market coverage

Published market coverage
ItemPublished terms
Currencies71 currency pairs.Source 9
Commodity CFDsSix, including metals.Source 9
Index CFDsEleven major benchmarks; examples include FTSE100, S&P/ASX200 and Dow Jones.Source 9
At a glance06

Derivative ownership

Derivative ownership
ItemPublished terms
CFD positionThe agreement states that the client acquires no ownership of the underlying asset.Source 6Source 9
Index exposureA benchmark CFD does not deliver the constituent shares.Source 6Source 9
At a glance07

Retail margin by asset class

Retail margin by asset class
ItemPublished terms
Major FX pairsMaximum 1:30.Source 8
Other FX, major indices and goldMaximum 1:20.Source 8
Other commodities and non-major indicesMaximum 1:10.Source 8
Shares and ETFsPolicy ceiling 1:5; the policy alone does not establish that every such instrument is currently offered.Source 8

Spreads, commissions and account charges

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At a glance08

Raw commission units

Raw commission units
ItemPublished terms
One-way, one standard lotUSD 3.50.Source 1
Opening and closing the same sizeUSD 7 total, before spread, financing and conversion.Source 1
Spread measurementThe advertised 0.0 pip minimum and 0.2 pip EUR/USD average are different measures; the average is the broker’s claim.Source 1
At a glance09

Two incompatible dormancy schedules

Two incompatible dormancy schedules
ItemPublished terms
Costs disclosureUSD 25 monthly after 90 days without the listed trading/deposit activity; after 12 months, USD 100 per quarter less monthly inactivity fees already charged.Source 7Source 6
Client agreement, clause 26USD 10 per month after six months of dormancy, until activity resumes or the balance reaches zero.Source 7Source 6
Unresolved applicabilityThe public documents do not establish a clear supersession order. Obtain the tariff governing the account rather than assuming the lower charge.Source 7Source 6
At a glance10

Overnight financing

Overnight financing
ItemPublished terms
AccrualApplies when an FX position continues into the next trading day.Source 10
WednesdayThe swap page specifies triple rollover.Source 10
Long and shortBoth sides can be negative; rates are variable.Source 10
At a glance11

Finding the actual swap rate

Finding the actual swap rate
ItemPublished terms
MT5 routeMarket Watch → instrument → Specification.Source 10
UnitsThe page expresses swaps in points for one standard FX lot; MT5 converts the amount into the account currency.Source 10
At a glance12

Charges outside the quoted spread

Charges outside the quoted spread
ItemPublished terms
Bank transfersThe firm advertises no additional processing fee, but bank/intermediary charges can remain.Source 11Source 12Source 6
Currency conversionThe agreement allows conversion when funding or settlement currency differs from account currency.Source 11Source 12Source 6

Platforms, execution and margin

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At a glance13

Platform and execution tools

Platform and execution tools
ItemPublished terms
TerminalMetaTrader 5; MQL5 automation and one-click trading are listed.Source 1
Trading stylesThe account page permits all trading styles and advertises no minimum order-distance restriction.Source 1
InfrastructureLondon server location is a broker claim, not a measured execution-speed result.Source 1
At a glance14

Hedging and market depth

Hedging and market depth
ItemPublished terms
HedgingStandard account page permits hedging and says no FIFO rule applies.Source 9
Margin nettingThe page advertises no margin on hedged trades; account and symbol settings still determine the actual calculation.Source 9
Depth of marketAdvertised as showing available volumes at price levels.Source 9
At a glance15

Retail close-out protection

Retail close-out protection
ItemPublished terms
Stop-out threshold50% of required margin under the account comparison and client agreement.Source 1Source 6
Negative balanceThe agreement expressly offers protection to retail clients.Source 1Source 6
Margin changesHouse requirements can change; the agreement provides for changes effective on notice.Source 1Source 6
At a glance16

Orders and confirmation

Orders and confirmation
ItemPublished terms
Limit and stop instructionsThe agreement distinguishes orders at more favourable and less favourable prices, including attached orders.Source 6
Telephone executionAcceptance requires dealer confirmation.Source 6
Uncertain submissionThe client should contact the firm immediately if acceptance is unclear; a quote alone is not confirmation.Source 6

Deposits and withdrawals

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At a glance17

Bank deposits

Bank deposits
ItemPublished terms
CurrenciesUSD, EUR and GBP wire transfers advertised.Source 11
PayerThird-party payments are not accepted.Source 11
Crediting versus settlementProcessing a received payment immediately does not make the originating bank transfer instantaneous.Source 11
At a glance18

Withdrawal timing: separate clocks

Withdrawal timing: separate clocks
ItemPublished terms
Webpage targetProcessing within 24 hours; requests before 14:00 BST are described as processed the same business day.Source 12Source 6
Agreement targetEndeavours to act within two business days after acceptance.Source 12Source 6
Bank arrivalUK GBP Faster Payments may arrive rapidly after processing; international transfers are quoted at two to five business days.Source 12Source 6
At a glance19

Withdrawal destination and available funds

Withdrawal destination and available funds
ItemPublished terms
DestinationNormally back to the original funding source; an alternative verified account may require approval.Source 6
Third partiesNot permitted.Source 6
Available amountOpen positions, margin and amounts owed can reduce the cash releasable.Source 6

Legal entities and client protection

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At a glance20

Company and regulatory identity

Company and regulatory identity
ItemPublished terms
Legal counterpartyGlobal Markets Group Limited; UK company 09493910.Source 2Source 3Source 4
FCA reference744501, also identified in FCA notices distinguishing the genuine firm from clones.Source 2Source 3Source 4
Authentic domaingmgmarkets.co.uk; similar names and a copied FRN do not authenticate another domain.Source 2Source 3Source 4
At a glance21

Client money by classification

Client money by classification
ItemPublished terms
RetailThe agreement describes segregated client-money arrangements, including banks outside the UK.Source 6Source 1
Professional/ECP termsThe agreement contains title-transfer provisions under which money becomes the firm’s property and the client is a general creditor.Source 6Source 1
Website qualificationThe professional account page says funds remain segregated unless the firm informs the client otherwise. Obtain the actual collateral arrangement in writing.Source 6Source 1
At a glance22

Compensation and regulatory protections

Compensation and regulatory protections
ItemPublished terms
FSCSThe agreement refers to eligible investment claims up to£85,000; this concerns inability to meet obligations, not trading losses.Source 6Source 15
Retail CFD rulesFCA rules require leverage limits,50% close-out and negative-balance protection, and restrict inducements.Source 6Source 15
Professional classificationEligibility and protections differ; a professional account must not be described as retaining every retail safeguard.Source 6Source 15

Support and complaints

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At a glance23

Published contact channels

Published contact channels
ItemPublished terms
Customer contact[email protected]; +442038653306.Source 13
Business officeThe Stanley Building,7 Pancras Square, London N1C 4AG.Source 13
Registered officeGreen Park House,15 Stratton Street, London W1J 8LQ.Source 13
At a glance24

Complaint and closure route

Complaint and closure route
ItemPublished terms
First complaintCompliance Officer, using the firm’s published contact details.Source 6
External escalationThe agreement identifies the Financial Ombudsman after a final response or eight weeks without one; eligibility is governed by the applicable Ombudsman rules.Source 6
Ending the accountWritten termination is treated as an instruction to close positions and cancel orders; outstanding obligations must be discharged.Source 6

Research, automation and managed services

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At a glance25

Delegated trading authority

Delegated trading authority
ItemPublished terms
AppointmentClient and proposed agent must supply documentation; the firm verifies the agent and can refuse the appointment.Source 6
ResponsibilityThe agreement does not oblige the firm to monitor each transaction placed by the agent.Source 6
At a glance26

Automated trading and VPS

Automated trading and VPS
ItemPublished terms
EA useThe Raw account is marketed to scalpers and expert-adviser users.Source 1Source 14
VPS offerA separate page advertises free VPS access and several data-centre locations; it does not establish universal entitlement or a service-level guarantee.Source 1Source 14

Company identity and operating history

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At a glance27

Authentic firm versus impersonators

Authentic firm versus impersonators
ItemPublished terms
First clone noticeFCA warning identifies namesake clone domains separately from the genuine firm.Source 3Source 4
GMGroupProA second FCA warning also distinguishes that clone from Global Markets Group Limited.Source 3Source 4
At a glance28

International access restrictions

International access restrictions
ItemPublished terms
Excluded in current disclosuresUnited States, Japan, Canada and Belgium, plus jurisdictions where service would breach local law.Source 9
Execution-only serviceThe firm states that its communications do not constitute personal investment advice.Source 9
The companies behind the brand

Legal entities & licences

These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.

Global Markets Group Limited

United KingdomSource 2Source 3

Licences and regulatory records for Global Markets Group Limited
Issuer & identifierRecorded statusDate & scope
Financial Conduct Authority744501Not verifiedChecked 27 Oct 2026Genuine firm identified by FCA clone warnings; exact current live-register permissions were not independently rendered.Source 3Source 4

Additional information

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At a glance29

Illustrative EUR/USD round-trip costs

Illustrative EUR/USD round-trip costs
ItemPublished terms
AssumptionOne standard lot; USD 10 per pip; no swap, slippage or conversion.Source 1
Standard at 1.0 pipUSD 10 spread cost.Source 1
Raw at the advertised 0.2 pip averageUSD 2 spread plus USD 7 commission = USD 9. This is arithmetic, not an observed fill.Source 1
At a glance30

Margin example from the policy

Margin example from the policy
ItemPublished terms
Position20,000EUR/USD at 1.1000 = USD 22,000 notional.Source 8
At 1:30USD 22,000 ÷30 = approximately USD 733.33 initial margin.Source 8
MeaningMargin is collateral; a price change affects the entire USD 22,000 exposure.Source 8
Follow the evidence

Sources & further reading

  1. Official account types and parameters Global Markets Group (official website) · Accessed 27 Oct 2026
  2. UK Companies House entry for genuine firm Financial regulator, official public registry · Accessed 27 Oct 2026
  3. FCA warning identifying genuine firm and clone Financial regulator, official public registry · Accessed 27 Oct 2026
  4. Second FCA warning naming another clone Global Markets Group (official website) · Accessed 27 Oct 2026
  5. Parallel /en account comparison Global Markets Group · Accessed 27 Oct 2026
  6. Client agreement: terms and conditions Global Markets Group · Accessed 27 Oct 2026
  7. Costs and charges disclosures Global Markets Group · Accessed 27 Oct 2026
  8. Retail leverage and margin policy Global Markets Group · Accessed 27 Oct 2026
  9. Standard account: instruments and trading features Global Markets Group · Accessed 27 Oct 2026
  10. Swap rates and MT5 specification lookup Global Markets Group · Accessed 27 Oct 2026
  11. Bank-transfer funding Global Markets Group · Accessed 27 Oct 2026
  12. Withdrawal requests, cut-off and bank timing Global Markets Group · Accessed 27 Oct 2026
  13. Contact and office details Global Markets Group · Accessed 27 Oct 2026
  14. VPS service Global Markets Group · Accessed 27 Oct 2026
  15. FCA rules for retail CFD firms Financial Conduct Authority · Accessed 27 Oct 2026

This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.

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