|Regulated by||Financial Service Provider In New Zealand (FSP238465)|
|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|
|Credit Card, Wire transfer, Check|
|Accept US traders|
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;
GDMFX offer five account types with different trading conditions as shown below;
Figure; GDMFX Account Types
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 Pro & Prime Accounts;
Spreads and swaps on the different trading accounts and traded instruments also vary as shown below;
Figure; GDMFX Spreads and Swaps
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;
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.
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;
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 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;
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;
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;
Figure; GDMFX 4X Replay Bonus Percentage Table
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;
Figure; GDMFX Welcome Bonus Percentage Table
Fixed Income Program;
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.
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.
GDMFX has received several awards as shown below;
Figures; GDMFX Awards
GDMX broker accepts: Bank Transfer, Neteller, Skrill, Credit cards, Perfect Money, iAccount
Support available via:
|GDMFX Twitter account:||https://twitter.com/GdmFX|
|GDMFX Facebook account:||https://www.facebook.com/
|GDMFX Google+ account:||https://plus.google.com/+
|GDMFX YouTube account:||https://www.youtube.com/
|GDMFX Linkedin account:||https://www.linkedin.com/
Address: Level 3, 187 Queen Street, Auckland CBD 1010 NZ ; Company Registration Number : 3945518
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.