GMG Information
Founded in 2009, GMG is an unregulated brokerage company registered in the United Arab Emirates. This firm provides a good mix of investment options for investors in the Middle East & Africa.
However, there is limited information about account types and trading fees on its website.
Pros and Cons
Is GMG Legit?
GMG operates without regulation from any recognized financial authority. Engaging with an unregulated broker like GMG carries substantial risks, and investors should be aware of the potential consequences before depositing funds.
What Can I Trade on GMG?
GMG gives you plenty of options for investing. Depending on your goals and risk tolerance, you can invest in forex, interest rates derivatives (swaps, risk-free rates, basis swaps, and cross currency swaps), fixed income, and power commodities (electricity). You can trade with this firm if you're in one of these two regions--Middle East & Africa.
A couple of things you won't see here are ETFs and stocks. GMG doesn't offer either one.
Investment Service
Except for brokerage services, GMG also provides investment services, including investment funds and direct investments.
Its investment funds are either sectorial or alternative. GMG claims to deliver risk-adjusted investment solutions that correspond to investors profiles.
The direct investments offered by this firm focus on late-stage venture capital and/or early growth-stage companies, which are small and medium-sized enterprises (SMEs) across a wide spectrum of industries and with pre-money valuations ranging from $10 to 100 million.
Customer Support Options
For any questions you might have, help is available by phone (+971 4-449 6900), email (info@gmg-broker.com), or social media channels (Facebook and Linkedin). You can also hit a button on an online message box.
The Bottom Line
GMG could be an option if you're an investor in the Middle East or Africa and focused on forex or interest rates derivatives trading. It might also catch your eye if you're interested in trading electricity. However, the biggest drawbacks are insufficient information about trading fees and regulatory hurdles. Furthermore, if you're not in those two regions, you'd be better off looking elsewhere.
FAQs
Is GMG a regulated brokerage?
No, GMG is not regulated by any reputable financial authority.
What account types does GMG offer?
There is no information about account types on its website.
Does GMG offer investment services?
Yes, GMG gives investment services, such as investment funds and direct investments.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for everyone.
