On-line since: About the company: Global Derivative Capital Markets NZ Ltd. is the owner of the GDMFX brand. The broker has been operating since 2012. The company is based in Auckland, NZ. The broker does not have a licence of New Zealand’s specialized regulator. However, GDMFX is registered among the local broker companies. The company’s website is available in 10 languages, including Russian. The majority of website visitors are from Brazil (around 42%) and Russia. GDMFX does not provide services for citizens of the US, New Zealand, as well as some other countries. Products and services: Traders have access to more than 50 assets, such as gold, silver, CFD, indices, binary options, and 32 currency pairs. Security of funds: According to GDMFX, clients’ assets are well protected. However, the company does not provide any information on this matter on its official website. Accounts and currencies: There are two trading accounts - Classic and Blade. They vary depending on the type of spread. The Classic account has a fixed spread while Blade has floating spread. Whereas, the holders of Blade accounts are charged with the commission. Therefore, the broker gives its loyal clients accounts with individual conditions. PAMM and DEMO accounts are also available. Currency accounts are in USD, EUR, and GBP. Minimum deposit The deposit starts at $100. Spreads and commissions Spreads are from 1 to 3 pips. Leverage The leverage is to 1:500. Trading platforms Clients have access to basic and exclusive features of the popular MT4 trading platform. There are PC, mobile, and browser versions of the platform. Moreover, GDMFX has developed its own G Binary platform for binary options operations. Customer service GDMFX’s clients can contact customer service via the telephone number or email given on the broker’s website. The language of communication is English. Customer service is available 24/5. Traders’ comments There are many client’s reviews about the company. However, the majority of them are negative and related to the withdrawal of funds and poor customer service work. For example, on many Russian forums, the broker is blacklisted. Advantages:
Disadvantages:
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If you are new to forex, then this broker is the best advice you can get. My trading style has changed completely. I observed that GDMFX ltd is a real good broker as it should be, tight spreads and tradable commissions. I never have problem with them. They are very constant, good account managing.
I recommend the broker because is honest and has a transparent fee policy. I have a profit of $400-$1000 a month and to withdraw money it takes 24h, without hidden commissions from the broker. I trade with this broker for the past 6 months with a standard account in USD currency and a first deposit of $300. I like the trading conditions from 0.5 pips for EUR/USD. Their platform works with fast execution and I didn't have delays or re-quotes till now. My daily trade is with currency pairs EUR/USD,USD/CAD, USD/JPY.
I have opened a real account to trade after I had had good trades in demo account. Until now, everything has been well in my account, and I have no complaint with this broker. Last week, I just earned profit with $1350 when I deposited $1000 for trading. It’s so great. Good charting package, speedy trade execution, outstanding customer service, quick payment methods, all my earnings have been withdrawn through Skrill. The Skrill has an affordable system fee.
GDMFX offers bonuses which are very helpful in magnifying my trading capital. The company is really generous. Apart from the bonuses, they also provide useful learning materials. I am able to nurture my skills and gain more knowledge.
I knew nothing in Forex market but GDMFX taught me a lot how to read the market charts and how to do trade. I like their platform. Their spreads only 2 pips which is really great. Trading with them is a pleasure. I recommend GDMFX as a great honest broker with a minimum minimum account size that only $100. When I joined them, I already got my $130 welcome bonus and the trading courses and educational videos really helped me to gain a lot of knowledge about forex and trading. What I love about their services is they provide.
I have the Classic account at GDMFX and the fixed spread is a huge relief for me. Regardless of the market condition, the spread remains the same. The minimum initial deposit requirement is also affordable so beginners will surely not have any problem with this broker.
I never experienced any cheating during trading so it was really good trading system and fair to me. I keep on learning and at the same time focus on single trade market EUR/USD currency pair as most favorite pair. Trading with GDMX is easy, the platform is user-friendly. They are always innovative. I trade with them for the past year and I still trade with them because I am pleased with their services. In fact, I have used the online platform which is the MT4 for nearly to a year and having quite a good experience. I don't have any complains, thus I recommend the broker.
Last month, I was able to start my first trading account. I have GDMFX as my broker and so far, it is able to provide me with great services. Even as a first-timer, I am still able to trade well and I thank the broker for this. Their platform is very easy to understand and use.
I have suffered a lot with GDMFX platform. I can't open or close my deals on time, always the price quote slippage 10 -40 pips. Recently I have tried to customize this platform with an EA, but EA works as like madly due to this issue. So my orders go in the opposite direction. while their spread isn't fixed and it became widen on news time. Now I didn't believe their platform. and trying to withdrawal all of my profits via Wire Transfer so far. Basically, the GDMFX broker is not safe for trading or investment.
They never prevented or warned me about scalping. They give stable-non fluctuating prices without requotes. Spread is low and I even have positive slippage on some large trades. Last week I withdraw $4500 and it takes 6-8 hours to be processed. I will keep on improve and learn new strategy to get more profit and bonus in this broker. It hasn't any problem. Deposit and withdrawal are good which fast to transfers from bank account into trading account. So far I can make $2000- $4800 in 1 month. The results are quite large.
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