GMI

GMI (Global Market Index Limited) has officially ceased operations and is now confirmed as CLOSED. The broker, founded in 2009 and registered in Vanuatu, has shown no recent activity on the platform. Both regulatory licenses held by GMI have become inactive: FSC Mauritius (No. C118023454) under the registered name Global Market Index Limited, and FSA St. Vincent & The Grenadines (No. 2763 LLC 2022) under Global Market Index LLC. The licenses are from low-tier jurisdictions (C and D grade), providing minimal investor protection. Prior to closure, users reported serious issues including inability to withdraw funds, prolonged withdrawal processing times, frequent trading system instability (chart freezing, slippage, requotes), and poor customer service. Traders are strongly advised not to deposit any funds with GMI and to seek legal counsel if they have outstanding funds that cannot be withdrawn. TrustFinance has updated the broker's status to CLOSED and UNPROVED.

GMI (Global Market Index Limited) has been found to be operating without a valid and active regulatory license. Both licenses held by GMI — FSC Mauritius (No. C118023454) and FSA St. Vincent & The Grenadines (No. 2763 LLC 2022) — are currently listed as Inactive. The FSA St. Vincent & The Grenadines license is classified as a D-grade license, which provides minimal investor protection and lacks key safeguards such as fund segregation and compensation schemes. Furthermore, the broker's website displays license information without clearly stating the licensed entity name, raising additional concerns about transparency. TrustFinance has therefore marked GMI as "Unproved" due to the inability to verify its authorization to provide financial services to retail clients.