FCA regulated Global Markets Group Limited, which operates the GMG Markets (gmgmarkets.co.uk) and more recently GMG Prime online brokerage brands, has seen a nice leap in activity from near nil in FY2025 (fiscal year ended March 31) to £1.64 million in 2026. As Revenues ramped up, GMG Markets was able to cut its net loss to just £161K in 2026, versus a loss of £718K the previous year.
To shore up the company’s finances and capital base, GMG Markets’ controlling shareholder Shi Lu injected £3.98 million of equity into the company during the year.
Principal broker
The jump in activity came following the approval of the Variation of Permission application by the FCA in July 2025, allowing the Company to commence operating as a full Principal broker, accepting and executing clients’ orders in CFDs and Spread Betting instruments based on Forex, Commodities, and Indices, placed on the MT5 trading platform. The new permission allows the Company to internalise a proportion of client orders rather than hedging all positions with its liquidity providers.
Nevertheless, during the financial year under review, the Company adopted what it called a prudent approach to exposure risk, mainly hedging client positions and facing minimal market risk throughout execution. In most cases, both sides of a transaction are executed simultaneously at a price where the Company makes no profit or loss other than a previously disclosed commission, fee, or charge.
GMG Prime
In November 2025, the Company launched GMG Prime, its institutional division operating as a liquidity provider for financial institutions and brokerages. GMG Prime’s target client base includes brokerages, family offices, and hedge fund managers seeking direct access lo liquidity across FX spot and forwards, precious and base metals, commodities, global indices and shares. The Company registered the trading name gmgprime.com on the FCA Register alongside its existing trading name gmgmarkets.co.uk.
As part of its commitment to delivering the highest quality of service under the GMG Prime arm, the Company established additional institutional service collaboration agreements with several liquidity providers during the same period. Through these arrangements, the Company aggregates pricing sourced from Tier 1 banks, brokers, and hedge funds, delivering liquidity across more than 100 currency pairs, indices, and commodities, with the objective of offering clients the best available pricing and execution conditions.
In December 2025, GMG Prime integrated MetaQuotes’ Ultency Matching Engine, enabling brokers to access institutional-grade liquidity directly within the MetaTrader 5 environment. Ultency operates as a high-performance matching and aggregation layer, supporting low-latency price aggregation, order matching, and real-time risk management via FIX 4.4 connectivity.
Dealing on own account
As the Company’s operations continue to grow, supported by a strengthening capital and liquidity position and the establishment of an experienced trading desk and risk management function, the Company has commenced dealing on its own account in a conservative and controlled manner, maintaining and actively monitoring a relatively low percentage of client-related exposures.
Business model and strategy
The Board has thoroughly considered the impact of the Company’s current business model, future strategy, and changes in regulated permissions on its clients, and acknowledges its regulatory responsibilities, including the obligation to act in consumers’ best interests and to manage risks in line with the FCA’s objectives.
During the financial year under review, the Company’s efforts to expand its operations continued to produce tangible results, evidenced by steady operational growth in client numbers and trading volumes. Targeted marketing initiatives to promote the GMG Prime brand contributed to increased visibility and client engagement, and the transition to the full principal model from July 2025 broadened the Company’s revenue base.
About GMG Markets
Global Markets Group Limited is controlled by Chinese entrepreneur Shi Lu, via UK holding company Citypark Investments Limited. GMG Markets is run day-to-day by London based CEO Christiana Vasiadou, who was previously CEO of Trade.com.
GMG Markets’ FY2026 income statement and balance sheet follow below.
