Forex Brokers

Global Metal and Commodities Exchange

1.5 (13 reviews)
🇦🇺 Australia
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1.5
13 reviews
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About Global Metal and Commodities Exchange

Global Metal and Commodities Exchange has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.gmcex.com.

Customer Reviews

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Still waiting for my withdrawal

T
Trevor G.
3 weeks ago

I have been trying to close my account with Global Metal and Commodities Exchange for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.

Pros: Customizable dashboard|Portfolio tracking tools

Cons: Email notifications too frequent

Spread betting is rigged

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Christina A.
2 months ago

My card was charged twice by Global Metal and Commodities Exchange on the same day. I had to dispute it with my bank. Global Metal and Commodities Exchange then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.

Pros: Real-time alerts|Customizable dashboard|Competitive fees

Cons: Alert system is basic|Withdrawal takes 1-2 business days

Labeled as bonus abuser

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Derek X.
2 months ago

I opened an account with Global Metal and Commodities Exchange since the beginning of the year ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.

Pros: Segregated accounts|Helpful community forum|Clean UI

Cons: No fractional shares|Website design could be more modern

Server in wrong region high latency

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Oliver J.
3 months ago

My withdrawal request from Global Metal and Commodities Exchange has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.

Pros: Detailed reporting|Competitive fees

Cons: Wish they had more educational resources|No crypto staking

Documents rejected repeatedly

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Ella R.
3 months ago

After since I retired last year with Global Metal and Commodities Exchange, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.

Pros: Two-factor authentication|Tax reports included|Easy to use platform

Cons: Website design could be more modern

Reseller could not help

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Teresa J.
3 months ago

I referred a friend to Global Metal and Commodities Exchange after attending a webinar they hosted. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.

Pros: Clean UI|Copy trading available

Cons: Could offer more webinars|Currency conversion fee exists

Withdrawal rejected 3 times

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David K.
4 months ago

Global Metal and Commodities Exchange seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.

Pros: Automated trading options|Market news feed

Cons: Help articles are sometimes vague

Multi-account management missing

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Leo O.
6 months ago

I had a dispute with Global Metal and Commodities Exchange and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.

Pros: Wide product range|Good analytical tools|Responsive team|Stable platform

Cons: Currency conversion fee exists|Alert system is basic

Nothing works as advertised

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Zoe L.
7 months ago

I lost a significant amount because Global Metal and Commodities Exchange did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.

Pros: Smooth onboarding|Risk management tools|Clear documentation

Cons: No dark mode on mobile

Withdrawal blocked indefinitely

M
Marcus P.
7 months ago

Do not be fooled by the professional-looking website. Behind the scenes, Global Metal and Commodities Exchange is disorganized and incompetent. I found them through a forum discussion and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.

Pros: Low minimum deposit|Intuitive for beginners|Comprehensive tools|Quick verification

Cons: No phone support on weekends|Some tools only available on higher tiers