GmtFX / gmtfx1.io has been flagged by Swiss Financial Market Supervisory Authority for "Other". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Do not use GmtFX / gmtfx1.io for anything serious. I used them since early this year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Regular platform improvements|Two-factor authentication|Easy to use platform|Quick verification
Cons: Mobile app could be improved|Account statements could be more detailed
My withdrawal from GmtFX / gmtfx1.io was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for about five months of being strung along.
Pros: Stable platform|Dedicated account manager|API access
Cons: Limited social trading features
What really bothers me about GmtFX / gmtfx1.io is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them based on a colleague's recommendation and I fell for the polished exterior. Never again.
Pros: Multi-currency support|Regular platform improvements|Multi-device support
Cons: None so far|Some tools only available on higher tiers
The onboarding at GmtFX / gmtfx1.io was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Instant funding|Good analytical tools
Cons: Minor UI glitches occasionally