GDMFX is located in Queen Street, Auckland CBD, New Zealand was founded in the year 2012, and it is regulated by Financial Service Provider in New Zealand. (FSP238465). It has unique services where it offers binary options and spot Forex trading through a Metatrader 4 platform.
GDMFX offers social trading, and it is more profitable whereby it allows less unprofitable or profitable traders to copy professional traders. GDMFX offers social trading in three subcategories which include; Autotrade, MQL5, and Zulutrade. Zulutrade enables traders to copy into their own accounts from successful traders directly. Autotraders is completely automated and allows a trader to copy trading services online. MQL5 showcases paid and free signals online to develop online trading strategies. The trading instruments include metals, Forex, commodities, and indices.
Trading Platforms
GDMFX empowers their traders by providing different trading platforms, and these platforms include;
• Web Trader
• Socio Trader
• Meta Trader 4 MAM
• Meta Trader 4 Desktop
• Metatrader 4 Mobile (Android $ iOS)
Therefore, its traders have the advantages of mobility, transparency, and efficient trade delivery. The variety of platforms give traders the confidence that their orders will be filled at the required price. In addition, WebTrader enables GDFMx’s traders to view live the ECN order book. This privilege enables them to make properly informed trading decisions. Also, Socio Trader increases the power of social networking and trading.
Account Types
This Forex has numerous types of trading accounts that suit the requirements of their traders. They allow traders to trade on the spot Forex market. The accounts include;
• Classic Account- Has $100 Min Deposit and 1:500 Leverage Ratio
• Blade Account- Has $200 Min Deposit and 1:200 Leverage Ratio
• Blade Pro Account- Has $5000 Min Deposit and Customized Leverage
• Prime Account – Has $200,000 Min Deposit and 1:100 Leverage Ratio
Deposits and Withdrawal
There are various methods of deposit such as Skrill, Visa, Mastercard, Bank transfer etc. all withdrawals are subjected to a 1% fee with a minimum withdrawal of 10 and maximum of 30 currency units of the desired currency. GDMFX don’t have minimum deposit policy.
Spreads, Commissions and Leverage
The spreads are fair where with as low as 0.4 pips for EUR/USD. Cross pair spreads begin at 0.8 pips. The leverage varies from 1:50, 1:100, and 1:500. There are 0% commissions for deposits.
Support
The website is available in several languages such as English, Chinese, Russian, Bahasa Indonesia, Bahasa Malaysia, and Turkish. In Indonesia, services are delivered in short messages, email, and Skype, China is through emails. Clients can also access the service through phone or live chats.
Special Features
There is a welcome bonus for up to $30,000 for new traders where they are required to make a minimum deposit of $500. The second bonus is called 4X bonus for existing clients who deposit $1000 in their accounts.
Pros
• High trading leverage
• Low spreads
• Dedicated customer service
• A highly trusted award-winning broker
Cons
• Not supported by U.K traders
• Don’t accept U.S traders
• It is not regulated in Europe
Conclusion
Although GDMFX was founded a few years ago, it has focused highly on providing its traders with fantastic trading policies and conditions. It has been able to receive several awards in the few years of operating. The challenge that remains is for this Forex to improve its services to it traders so that they continue enjoying and enhancing trading experiences with GDMFX.