GDMFX Review

GDMFX Review

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(33 votes, average: 3.27 out of 5)
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Company info:
Name GDMFX
Website gdmfx.com
Foundation Year 2012
Regulation
Regulated by Financial Service Provider In New Zealand (FSP238465)
Trading conditions:
Min. Deposit 100 $
Leverage 50:1, 100:1, 500:1
Trade Lot 0.01, 0.1, 1
Digits after the dot 4, 5
Spread type Fixed, Variable
Trading instruments Forex, Metals, Indices, Commodities
Payment Methods:
Credit Card, Wire transfer, Check
Other Features:
Accept US traders
PAMM
MT5
Mobile Trading
Web-based trading
Affiliate program
VPS
ProfitF BONUS:

GDMFX Review (Detailed info):

GDMFX (Global Derivatives Capital Markets NZ Limited) forex broker is located at Level 3, 187 Queen Street, Auckland CBD 1010 NZ with the company registration number 3945518. Though GDMFX is not regulated by any Financial Services Provider regulators, client disputes are handles by the FDR (Financial Dispute Resolution scheme) where it is a registered member.

GDMFX is one of the few brokers that offer both spot Forex trading and Binary Options trading via the Metatrader 4 platform. Let us look at the trading conditions at GDMFX;

Trading Conditions

GDMFX offer five account types with different trading conditions as shown below;

gdmfx-first-3-account-types  gdmfx-last-two-account-types

Figure; GDMFX Account Types

More Account Features

Classic Account; This account has fixed spreads and trading on the platform is done with only 4 numbers after the decimal place as opposed to 5.

Blade Account;

Blade Pro & Prime Accounts;

 

Spreads and swaps

Spreads and swaps on the different trading accounts and traded instruments also vary as shown below;

gdmfx-swaps-and-spreads-table

Figure; GDMFX Spreads and Swaps

Trading Platforms

Trading on GDMFX can be done on the following platforms; Metatrader 4 Desktop, Metatrader 4 Mobile, Metatrader 4 Web and the Metatrader 4 Binary Options Plugin. Below are some of the features of the Metatrader 4 platforms by GDMFX;

Social Trading

gdmfx-social-trading-cover

GDMFX Social Trading

Some traders are more profitable than others hence social trading allows less profitable or unprofitable traders copy the trades of the professional traders easily. GDMFX offers three platforms to enable social trading; Zulutrade, Autotrade and MQL5.

ZuluTrade;

gdmfx-zulutrade-cover

GDMFX offers ZuluTrade Copy Trading Service

ZuluTrade allows traders to copy the trades of successful traders directly into their own accounts. ZuluTrade has a ranking algorithm known as ZuluRank than enables one to choose successful traders to copy based on different criterion. ZuluTrade is used by thousands of traders worldwide and allows trade copying via their website as well as via their mobile applications. Below are some advantages of Zulutrade;

AutoTrade;

autotrade-gdmfx-cover

GDMFX offers AutoTrade Copy Trading Service

This is another online copy trading service powered by myfxbook. AutoTrade has numerous trading systems to choose from. One advantage of using AutoTrade by Myfxbook is that there is in depth analysis for each trading system available enabling one to make more informed decisions when choosing the strategies to copy. Below are some advantages of AutoTrade;

MQL5 Social Trading;

gdmfx-mql5-cover

GDMFX offers MQL5 Signal Service

The MQL5 trading community is among the social trading platforms with the most signal providers available. All signal providers have to have their performance record verified for at least one month. It showcases both free and paid signal services. Below are some of the advantages of MQL5 signal service;

Bonuses and Promotions

100% Bonus;

gdmfx-100-bonus-cover

Figure; GDMFX 100% Bonus

Both new and existing clients of GDMFX can access 100% bonus of the value of the deposit under the following conditions;

4X Replay Bonus;

gdmfx-4x-replay-bonus-cover

Figure; GDMFX 4X Replay Bonus

This bonus is available for all GDMFX clients who deposit $1000 into their account and enables them to get a bonus for every deposit up to 4 deposits. The below table shows the bonus percentage for each deposit;

gdmfx-welcome-bonus-table

Figure; GDMFX 4X Replay Bonus Percentage Table
Welcome Bonus;

gdmfx-welcome-bonus-cover

Figure; GDMFX Welcome Bonus

GDMFX offers a welcome bonus to all its first time clients up to $30,000. The requirement for the welcome bonus is a minimum deposit of $500. Below shows the bonus percentage for each amount of deposit;

gdmfx-welcome-bonus-table

Figure; GDMFX Welcome Bonus Percentage Table

 

Fixed Income Program;

gdmfx-fixed-income-bonus-cover

Figure; GDMFX Fixed Income Program

Both Forex and Binary Options traders at GDMFX can access an 8% annual fixed income on their free deposits on top of their trading profits. The traders have to fulfill a minimum trading volume not tied to any deadline or a minimum participation period requiring any minimum trading volume in order to get the fixed income.

Education

GDMFX offer trading webinars, video tutorials, a forex dictionary as well as one to one training. They also have Hermes Academy that trains in Forex trading in the following levels; Basics (new to Forex), Beginner, Intermediate and Advanced.

Awards

GDMFX has received several awards as shown below;

awards-gdmfx

Figures; GDMFX Awards

Deposits & Withdrawals

GDMX broker accepts: Bank Transfer, Neteller, Skrill, Credit cards, Perfect Money, iAccount

gdmfx-payment-methods

Pros and Cons

Pros

Cons

 

Customer Support

Support available via:

Social Networks

GDMFX Twitter account: https://twitter.com/GdmFX
GDMFX Facebook account: https://www.facebook.com/GDMFXcom
GDMFX Google+ account: https://plus.google.com/+Gdmfxcom
GDMFX YouTube account: https://www.youtube.com/channel/UC2smFs-Jv3qhj0h699CWHbQ
GDMFX Linkedin account: https://www.linkedin.com/company/gdmfx

 

Address: Level 3, 187 Queen Street, Auckland CBD 1010 NZ ; Company Registration Number : 3945518

Conclusion

GDMFX offers both spot Forex and Binary Options trading on the Metatrader 4 platform. Demo trading is also available for both which makes it convenient for traders wanting to try out their services before embarking on real money trading.

 


Now, everything seems OK with GDMFX broker. “ProfitF team” will keep monitoring this broker and update this review if any changes take place.

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