The forex industry has been shaken by a major announcement: Global Market Index (GMI) will cease its global forex trading operations. This decision affects its entities Global Market Index LLC (SVG) and GMI Global Market Index Limited (St. Lucia), impacting all client accounts worldwide.
To help traders navigate this transition, here are the critical dates and risk factors outlined in GMI’s client communication.
📅 Key Timeline
- Trading Halt Deadline
- ⏰ December 24, 2025, 10:00 PM GMT
- 👉 All trading activity must stop before this time. Clients are strongly advised to close open positions in advance.
- Close-Only Window
- 📆 December 26 – December 31, 2025 (10:00 AM GMT)
- No new positions can be opened
- Only existing positions may be closed
- Deposits disabled starting December 26
- Any positions still open by December 31 will be automatically liquidated by the system
- Withdrawal Deadline
- 📆 January 31, 2026
- 👉 Clients should withdraw all available funds before this date to avoid delays or complications.
⚠️ Risk Factors to Watch
- Liquidity & Slippage
- As the close-only window approaches, spreads may widen and slippage could increase, especially for high-leverage or EA/grid strategies.
- Margin Pressure
- With deposits disabled, traders lose the option to quickly top up margin. Risk management will rely solely on reducing or closing positions.
- Forced Liquidation Uncertainty
- Automatic system closures may occur at unfavorable prices, with execution quality dependent on liquidity conditions.
- Withdrawal Bottlenecks
- Even if the broker processes requests, banking reviews, AML checks, and transaction queues may slow down fund transfers. Prepared documentation and compliance are key.
- Fraud & Phishing Risks
- Market disruptions often attract scams. Be wary of fake customer service contacts or claims that “extra fees/taxes” are required to accelerate withdrawals.
📝 Final Thoughts
After 17 years in operation, GMI’s decision to exit the forex market marks the end of an era. By providing a clear timeline and urging clients to act early, the broker has taken a relatively orderly approach to winding down.
For traders, the priority is clear:
- Close positions early
- Withdraw funds promptly
- Stay vigilant against scams
Proactive action and careful risk management will be essential to safeguard capital during this transition.
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
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