SmartProfitFX vs Global Markets Group
Global Markets Group Limited is the current FCA-authorised broker behind GMG Markets and GMGMarkets searches. It offers Standard, Raw Spread, spread-betting and elective professional routes on MetaTrader 5 from its active gmgmarkets.co.uk site. The old gmgmarkets.com domain is for sale, so this comparison uses the current legal name, official domain and regulator record.
Also searched as: Company 09493910, FRN 744501, Global Markets Group, GMG Markets, GMG Markets UK, Gmgmarkets, GMGMarkets, gmgmarkets.co.uk, gmgmarkets.com, www.gmgmarkets.co.uk, www.gmgmarkets.com
Verdict
The practical choice is between the broader Eightcap-powered SmartProfitFX setup and Global Markets Group's focused, direct UK MT5 account. Compare total cost, instrument range, legal entity, eligibility and risk rather than choosing from the headline spread alone.
Broader Eightcap-powered setup
SmartProfitFX may fit eligible non-U.S. traders who want Eightcap-powered platforms, broader CFD market context, funding resources and support, with the $1 lower round-trip commission versus opening directly with Eightcap.
Direct FCA and MT5 focus
Global Markets Group may fit traders who specifically want a direct FCA-authorised UK broker, MetaTrader 5, a choice between Standard and Raw pricing, and its focused forex, index-CFD and commodity-CFD range.
Use the current legal name and .co.uk site
Global Markets Group Limited is the current legal name. GMG Markets and GMGMarkets remain useful alternate names, but the genuine active website is gmgmarkets.co.uk and the old gmgmarkets.com domain is not a broker route.
Quick comparison
Research checked 2026-06-09. Broker terms can change; verify current official documents before opening or funding an account.
| Category | SmartProfitFX powered by Eightcap | Global Markets Group |
|---|---|---|
| Current identity | SmartProfitFX is an account-opening option powered by Eightcap, not the regulated broker. | Global Markets Group Limited is the current broker name. GMG Markets and GMGMarkets are alternate search names; gmgmarkets.co.uk is the active official site. |
| Account routes | Eligible traders receive the SmartProfitFX account setup powered by Eightcap, subject to current Eightcap entity and eligibility rules. | The broker publishes Standard, Raw Spread, spread-betting and application-based Elective Professional routes. |
| Pricing | SmartProfitFX's pricing point is the $1 lower round-trip commission versus opening directly with Eightcap after account and platform fit are established. | Standard lists $0 commission per lot per side and spreads from 1.0 pip; Raw lists $3.50 per lot per side and spreads from 0.0 pips. Compare live all-in cost. |
| Platform | Verify current Eightcap-powered platform availability, including MetaTrader and TradingView workflows where available. | Global Markets Group focuses on MetaTrader 5 for Standard and Raw accounts, with market depth on some instruments and lot sizes down to 0.01. |
| Markets | Check the current Eightcap-powered market list for the serving entity and country. | The current market overview lists 71 currency pairs, 11 indices and more than 6 commodities. |
| Regulation and protection | Check the applicable Eightcap legal entity; SmartProfitFX itself is not the regulated broker. | Global Markets Group Limited is FCA-authorised under FRN 744501. Retail client-money and FSCS statements remain subject to the broker's documents and eligibility. |
| Eligibility | SmartProfitFX and Eightcap eligibility rules apply, including non-U.S. restrictions. | The broker says its information is not directed at residents of the United States, Japan, Canada or Belgium, plus unlawful jurisdictions. |
| Funding and withdrawals | Check current Eightcap-powered methods, fees, processing times and region rules. | The broker lists USD, EUR and GBP, card and wire funding, secure-area withdrawals, no broker-added deposit/withdrawal fees and possible bank fees. |
| Risk and impersonation | Review current Eightcap risk and legal documents before funding. | The broker publishes a 62.85% retail-loss warning, and FCA clone warnings make exact domain, phone, company-number and FRN checks important. |
Global Markets Group source-checked research brief
The notes below use the broker's current official website and documents plus FCA and Companies House records checked on 2026-06-09.
Global Markets Group Limited, GMG Markets and the official domain
- Global Markets Group Limited is the current legal and broker name.
- GMG Markets and GMGMarkets remain useful alternate names for historical and shorthand searches.
- The current official site is gmgmarkets.co.uk; the old gmgmarkets.com domain is offered for sale.
- The footer identifies company number 09493910, FRN 744501, current phone and registered address.
- Companies House lists the company as active, and the FCA Register lists it as authorised.
Standard, Raw Spread and professional tradeoffs
- The Standard account lists MetaTrader 5, no per-lot-side commission and spreads from 1.0 pip.
- The Raw Spread account lists MetaTrader 5, $3.50 per lot per side and spreads from 0.0 pips.
- The Raw page says average EUR/USD spread is 0.2 pips; live spreads and total cost can change.
- Retail leverage is listed up to 1:30, while eligible elective professionals may apply for 1:100.
- The professional route removes some retail protections and may affect FSCS eligibility.
A focused MetaTrader 5 offering
- MetaTrader 5 is the broker's core platform for Raw and Standard accounts.
- The market overview lists 71 currency pairs, 11 indices and more than 6 commodities.
- Forex retail leverage is listed up to 1:30; index and commodity pages list up to 1:20.
- The broker markets scalping, automated trading, market depth on some instruments and lot sizes down to 0.01.
- This is a narrower product set than some broad multi-asset CFD brokers, so instrument fit matters.
Base currencies, processing and country limits
- The broker lists USD, EUR and GBP base currencies plus card and wire funding.
- It prohibits third-party deposits and withdrawal requests.
- Withdrawals are requested through the secure client area and the page states a 24-hour processing target and 14:00 BST cutoff.
- The broker says it adds no deposit or withdrawal fees but international banking fees may apply.
- The site is not directed at residents of the United States, Japan, Canada or Belgium, plus unlawful jurisdictions.
FCA record, retail-loss warning and clone risk
- The FCA Register identifies Global Markets Group Limited under FRN 744501.
- The current site says 62.85% of retail investor accounts lose money trading CFDs and spread bets with this provider.
- The firm provides execution-only services and says all initial capital can be lost.
- The FCA has published clone warnings that copied the real firm's details.
- Before onboarding, verify gmgmarkets.co.uk, FRN 744501, company number 09493910 and the current phone number.
Global Markets Group caveats
These caveats keep the comparison tied to the current legal entity, source date and actual account tradeoffs.
Use gmgmarkets.co.uk, not the old .com domain
The active official broker site is gmgmarkets.co.uk. The old gmgmarkets.com domain is offered for sale and should not be used for onboarding or funding.
Match the exact FCA-authorised firm
FCA clone warnings show why a similar name or copied FRN is not enough. Match the legal name, official domain, phone, company number and FCA record.
Higher leverage means fewer protections
Elective professional status is application-based and can remove retail protections, including possible FSCS eligibility. It should not be chosen from leverage alone.
Compare live all-in cost
Starting and average spreads, commissions, swaps and other charges can change. Compare live total cost for the account and instruments you will use.
CFDs and spread bets can cause rapid losses
The broker's current warning says 62.85% of retail investor accounts lose money with this provider and that all initial capital can be lost.
Who should choose which?
Choose between SmartProfitFX and Global Markets Group based on current account fit, total costs, platform, entity, eligibility and risk.
- You are eligible outside the United States and want the SmartProfitFX account setup powered by Eightcap.
- You want broader Eightcap-powered platform and CFD market context before focusing on commission.
- Eightcap-powered funding resources and support fit your workflow.
- The $1 lower round-trip commission versus opening directly with Eightcap matters after the account fit is clear.
- You specifically want a direct FCA-authorised UK account with Global Markets Group Limited.
- MetaTrader 5 and the broker's focused forex, index-CFD and commodity-CFD range match your needs.
- You have compared Standard and Raw all-in costs using current live terms.
- You verified the exact official domain, FCA record, eligibility limits and risk disclosures.
FAQs
Is GMG Markets the same as Global Markets Group Limited?
GMG Markets and GMGMarkets are alternate shorthand and historical search names. Global Markets Group Limited is the current legal and broker name used on the active gmgmarkets.co.uk site and FCA record.
Is gmgmarkets.com the official broker website?
No. The current active broker site is gmgmarkets.co.uk. The old gmgmarkets.com domain is offered for sale and should not be used for onboarding or funding.
Is Global Markets Group regulated?
The FCA Register identifies Global Markets Group Limited under reference number 744501. Companies House lists company number 09493910 as active. Verify the full current FCA record before onboarding.
What accounts does Global Markets Group offer?
The broker publishes Standard and Raw Spread MT5 accounts, spread-betting documentation and an application-based Elective Professional route. Professional status carries reduced retail protections.
What is the main pricing difference?
The current account overview lists Standard at $0 commission per lot per side with spreads from 1.0 pip, and Raw at $3.50 per lot per side with spreads from 0.0 pips. Compare live total cost.
Who is restricted from the Global Markets Group website?
The current site says its information is not directed at residents of the United States, Japan, Canada or Belgium, plus jurisdictions where distribution or use is contrary to law or regulation.
Why do clone warnings matter?
The FCA has warned about clones copying Global Markets Group Limited's details. Verify the exact official domain, legal name, phone, company number and FRN rather than trusting a similar name or copied licence number.
Is SmartProfitFX better than Global Markets Group?
SmartProfitFX is the better fit only when you are eligible for the Eightcap-powered setup and prefer its platform, market, funding and support context. Global Markets Group may fit traders who specifically want its direct FCA-authorised MT5 account.
Sources checked
Source date: 2026-06-09. Primary sources below were checked on 2026-06-09. Verify live terms and the exact official domain again before opening or funding an account.
- Global Markets Group official homepage: gmgmarkets.co.uk/
- Global Markets Group about and current identity: gmgmarkets.co.uk/about/
- FCA Register: Global Markets Group Limited: register.fca.org.uk/s/firm?id=001b000003MOAFCAA5
- Companies House: Global Markets Group Limited: find-and-update.company-information.service.gov.uk/company/09493910
- Current account overview: gmgmarkets.co.uk/overview/
- Current Raw Spread account: gmgmarkets.co.uk/raw-spread-account/
- Current Standard account: gmgmarkets.co.uk/standard-account/
- Current Elective Professional account: gmgmarkets.co.uk/pro/
- Current spreads: gmgmarkets.co.uk/spreads/
- Current MetaTrader 5 platform: gmgmarkets.co.uk/platforms/metatrader-5/
- Current range of markets: gmgmarkets.co.uk/range-of-markets/
- Current funding: gmgmarkets.co.uk/funding/
- Current withdrawals: gmgmarkets.co.uk/withdrawal/
- Current legal documents: gmgmarkets.co.uk/legal-documents/
- Current risk disclosure: gmgmarkets.co.uk/wp-content/uploads/2025/04/GLOBAL-MARKETS-GROUP_RISK_DISCLOSURE_NOTICE_APRIL-2025.pdf
- FCA clone warning: gmgfxltd.com: register.fca.org.uk/s/unauthorised-firm?id=001Sk00000AuwI7IAJ
- Old .com domain status: www.gmgmarkets.com/
- Eightcap account options: www.eightcap.com/en/traders/account-options/
- Eightcap platforms: www.eightcap.com/en/traders/platforms/
- Eightcap markets: www.eightcap.com/en/traders/trade/
Related comparisons
Use these related comparisons to check the SmartProfitFX/Eightcap context and other source-checked broker options.
Compare the sources before opening
If SmartProfitFX powered by Eightcap is the better fit, use the SmartProfitFX account link so the account opens through SmartProfitFX.
