Financial and Business News

GMI Markets to Cease Operations as a CFD Broker

Thursday, 18/12/2025 | 09:58 GMT by Arnab Shome
  • The broker will halt trading on 24 December 2025 and ask clients to withdraw funds by 31 January 2026.
  • It remains unclear whether it will give up its FCA and Mauritius licences or sell them.
GMI Markets offshore website
GMI Markets offshore website

GMI Markets, which has operated as a forex and contracts for difference (CFD) broker since 2009, is closing its operations entirely in the coming weeks. The broker has informed existing clients to withdraw all funds by 31 January 2026.

Closure of Another CFD Broker

The broker’s customer service team also confirmed to FinanceMagnates.com that GMI will cease all trading operations on 24 December 2025 and close all open positions on 31 December 2025.

“From market open on 26 December 2025 until 10:00 am GMT on 31 December 2025, your account will be placed in ‘close-only’ mode,” a notice sent to GMI’s existing clients stated, adding that all deposits will be disabled from 26 December.

GMI is an established CFD brand that operates with registrations in Saint Lucia and St Vincent and the Grenadines. It also holds a licence from regulators in Mauritius.

The broker has a strong presence in the Asia-Pacific markets, with Thailand being one of its key markets. It is headquartered in the United Kingdom and also holds a licence from the Financial Conduct Authority (FCA). The status of the FCA licence still appears to be active.

GMI’s Regional Director for Southeast Asia also confirmed the halt of all operations in the region, “following a decision by our parent company in the United Kingdom to discontinue GMI Markets.”

FinanceMagnates.com previously reported that the UK unit of GMI Markets closed 2024 with a pre-tax profit of £209k on revenue of £658k.

Is the Industry Consolidating?

Several other broker brands have also closed their operations fully or in part this year. AETOS first gave up its UK licence and then closed its offshore operations within months, keeping only its presence in Australia.

Hirose Financial is another broker to have “permanently closed” onboarding of new retail traders under its United Kingdom- and Labuan-regulated entities. However, its Japanese operations appear to still be active.

More recently, CFD broker FBS suspended all its marketing activities indefinitely, following its exit from India months earlier.

GMI Markets, which has operated as a forex and contracts for difference (CFD) broker since 2009, is closing its operations entirely in the coming weeks. The broker has informed existing clients to withdraw all funds by 31 January 2026.

Closure of Another CFD Broker

The broker’s customer service team also confirmed to FinanceMagnates.com that GMI will cease all trading operations on 24 December 2025 and close all open positions on 31 December 2025.

“From market open on 26 December 2025 until 10:00 am GMT on 31 December 2025, your account will be placed in ‘close-only’ mode,” a notice sent to GMI’s existing clients stated, adding that all deposits will be disabled from 26 December.

GMI is an established CFD brand that operates with registrations in Saint Lucia and St Vincent and the Grenadines. It also holds a licence from regulators in Mauritius.

The broker has a strong presence in the Asia-Pacific markets, with Thailand being one of its key markets. It is headquartered in the United Kingdom and also holds a licence from the Financial Conduct Authority (FCA). The status of the FCA licence still appears to be active.

GMI’s Regional Director for Southeast Asia also confirmed the halt of all operations in the region, “following a decision by our parent company in the United Kingdom to discontinue GMI Markets.”

FinanceMagnates.com previously reported that the UK unit of GMI Markets closed 2024 with a pre-tax profit of £209k on revenue of £658k.

Is the Industry Consolidating?

Several other broker brands have also closed their operations fully or in part this year. AETOS first gave up its UK licence and then closed its offshore operations within months, keeping only its presence in Australia.

Hirose Financial is another broker to have “permanently closed” onboarding of new retail traders under its United Kingdom- and Labuan-regulated entities. However, its Japanese operations appear to still be active.

More recently, CFD broker FBS suspended all its marketing activities indefinitely, following its exit from India months earlier.

Topics
GMI Group
brokers
About the Author: Arnab Shome
Arnab Shome
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Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.

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