GMEX has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". formerly known as Vincy Options SA
Addresses: Confederation Centre 1204 Geneva 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.swissgmex.com.
I wanted to transfer my portfolio from another broker to GMEX. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Easy to use platform|Competitive fees|Transparent fees|Good analytical tools
Cons: No integrated tax optimization|No phone support on weekends
I found GMEX when my bank disappointed me and I searched for alternatives and the initial impression was positive. But for about ten months later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Excellent charting|Easy withdrawals|Market news feed|Regular updates
Cons: No dark mode on mobile|Website design could be more modern
If you are reading this considering GMEX - run. I wish I had read more negative reviews through my accountant's suggestion. I thought the positive ones were real. Maybe some are. My experience over for about five months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Comprehensive tools|Regular platform improvements|Quick verification
Cons: Could offer more webinars|Minimum deposit could be lower