GSI Markets Review (2023)

GSI Markets is a Forex and CFDs broker (Read FOrex and CFDs trading Broker HYCM Review). Gsimarkets.com is operated and owned by Media Force Limited (registered in the Marshall Islands). IT and Financial administration services by Netmedia Markets OU, based in Tallinn, Estonia. There is no information about the broker’s regulation and it seems like neither of these companies is licensed or regulated by any authority, which is a big red flag for the traders. The website states that the firm has several contact phone lines in the United Kingdom, South Africa, Australia or Canada, however, there is a small chance the GSI Markets has offices in those countries. Moreover, the broker has a few warnings from well-known regulators:
a warning from Spain’s CNMV in July 2017:
“MEDIA SOFT LIMITED/NETMEDIA MARKETS OU/www.gsimarkets.com is not authorised to provide the investment services, which include investment advice, or to provide the auxiliary services in relation to the financial instruments detailed in article 2 of the said Law, including, for those purposes, foreign currency transactions.”
one more warning from the UK’s FCA in June 2017:
“This firm is not authorised by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulated activities which require authorisation.”

Conclusion

Well respected financial authorities like the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC) are effectively enforcing strict financial and ethical rules on all overseen brokers. That’s why we recommend choosing among the brokers regulated with the mentioned authorities. Traders should trade with well-regulated brokers (Top 10 Forex Brokers in the World) such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and TMGM.