GDM Fx Review

MIN. DEPOSIT $100
Up to 500:1
Up to 100% BONUS
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GDM Fx
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Overview

Company Information GDMFx is one of the notorious New Zealand brokers with a great reputation among the local trades and extensive base of operations in the region. The brand name… more

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Details

BrokerGDM Fx
Website URLhttp://www.gdmfx.com/
Founded2012
HeadquartersAuckland, New Zealand
Support Number(+64) 9951 8201
Support Emailcustomersupport@gdmfx.com
Support TypesPhone, Live Chat, E-mail
LanguagesEnglish, Chinese, Russian, Turkish, Malay, Indonesian, Portuguese, Vietnamese
Minimum 1st Deposit$100
Minimum Trade Amount0.01 lots
Maximum Trade Amount1,000 lots
BonusUp to 100%
PayoutUp to 500:1
Free Demo AccountYes
Regulated Yes
RegulationFinancial Dispute Resolution Service
Account TypesClassic, Blade, Blade Pro, Prime, Binary Options
Deposit MethodsVisa, MasterCard, Neteller, Skrill, Bank Transfer, i-Account, Perfect Money, Algocharge, China UnionPay
Withdrawal MethodsNeteller, Skrill, Bank Transfer, Visa, MasterCard, Algocharge
Types of AssetsForex, Precious Metals, Indices, Energies, CFDs
Account CurrencyUSD, GBP, EUR, JPY, AUD
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Company Information

GDMFx is one of the notorious New Zealand brokers with a great reputation among the local trades and extensive base of operations in the region. The brand name is owned by the large corporation Global Derivative Capital Markets NZ Ltd. with headquarters in Auckland, New Zealand. It’s an entirely legal and certified entity under number #FSP238465 issued by the New Zealand Financial Services Provider Register. In the recent years, the broker managed to expand significantly on a global scale and attract clients from all over the world. GDMFx offers excellent educational opportunities for newbies. There are various videos and articles to explain the necessary and even continue with the advanced materials. Webinars and full-scale courses are also hosted regularly. As a broker of this high caliber, GDMFx has won numerous awards over the years. Since 2012 the New Zealand broker obtained four different prizes, such as Best Execution Broker Asia Pacific Award (2012), Asia-Pacific Fastest Growing FX Broker (2013), Best Education Provider (2014) and Best Money Manager Services Award (2015). Nowadays, the broker continues to improve its services and stay one of the most attractive choices for customers located in the Asian Pacific region. Forex beginners will be triumphal with the dedicated learning assistance that will guide them effectively.

 

Trading Information

GDMFx provides an extensive selection of financial instruments that will probably satisfy even the most delicate trading taste. There is a huge number of currency pairs with major and exotic crosses available, indices, CFDs, and commodities. The broker tries to keep the spreads on Forex as low as possible, and they start from 0.4 pips on EUR/USD and 0.8 on other major pairs. Gold, Silver, and Oil can also be traded on reasonable and exciting conditions. When it comes to client’s profiles, there is total of four different types – Classic, Blade, Blade Pro and Prime. All of them allow maximum lot size of 1000, margin call at 100% and stop out level at 50%. The maximum leverage offered by GDMFx is 1:500 on the Classic account type. Blade user can trade with 1:200 leverage and Prime traders with 1:100. Only Blade Pro accounts can customize the leverage and adjust it as they please. All the trading involves commissions starting from $7 per lot, except for the Classic account type.

 

Trading Platforms

GDMFx makes it incredibly easy for traders and offers up to six different trading platform well designed for every specific need. As a primary trading software, all clients can download and use MetaTrader 4 and its desktop version. The powerful platform is a natural choice for many pro traders, and it’s equipped with an enormous arsenal of trading tools. MT4 is also available for Android and iOS, and every mobile user can install it in just a few simple steps. For those who like to trade from two, three or more accounts at the same time, GDMFx offers MT4’s Multi-Account Manager. It’s an enhanced version of MetaTrader 4 capable of logging more than one profile.There is also a WebTrader as a great browser based solution that will help traders access their accounts from any device with Internet. The list continues with Socio Trader or a traditional social trading platform for people, who want to use the help of their fellow traders and even copy their trades. Binary options are also provided through an add-on for MT4.

 

Security and Customer Services

The respectable brokerage provider from New Zealand ensures top security on their servers by employing some of the latest technology in the branch. All the data, which passes through GDMFx’s servers is transferred through cloud network that protects it with 128 bit SSL encryption. The website’s critical login pages are also guarded by SSL encryption provided by the leading security company DigiCert. Client’s funds are also subject to numerous protection measures, such as account segregation and insurance. The broker is part of the FDRS (Financial Dispute Resolution Scheme), where customers are awarded up to $200 000 in a case of any contract breach or another unethical case.

 

Customers will be able to enjoy a top notch support service operated by friendly and professional staff located in Auckland City, New Zealand and Sofia, Bulgaria. There are countless communication channels available, such as phone, fax, email, live chat and even Skype. Clients can also use one of the six social media profiles to reach out the broker and any representative. The website is available in seven different languages mostly from the Asia Pacific region.

 

Deposits and Withdraws

All money transactions are handled by some of the most popular methods used worldwide. The frequent bank wire transfers and debit/credit card payments are available, as well as various e-wallet services. All the options are completely absent of commissions, but GDMFx warns the clients that the third party service involved may still apply some fees. The processing time is instant or less than 24 hours most of the time, except for bank wire transfers. They usually take from 3 to 7 business days. Deposits and withdrawals are processed pretty much the same way with just one difference – the processing time is slightly higher when the client withdraws. It’s due to various verifications and checks from the broker’s side.

 

Deposit Bonuses and Loyalty Program

GDMFx is one of the rare brokers with many attractive promotions and bonuses. Let’s start with the welcoming bonus program for new traders. Every first deposit can receive up to $30 000 extra cash, which depends on the initial sum. From $500 to $5000 get 10% bonus, $5 000 to $10 000 receive 20% and sums over $10 000 get 30% extra funds. Islamic accounts have the rare opportunity to get 100% bonus on their money only on Ramadan with a minimum investment of $500. Existing customer can also take their part of the great promotion programs and enjoy 100% bonus if they deposit another $2000 in their accounts. GDMFx continues with the exciting programs for their loyal clients and has a great surprise for traders that make multiple deposits over time. Up to four deposits can qualify for the promotion and win extra 100% on the initial funding.

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