GDMFX Overview
Website: www.gdmfx.com
Telephone: (+64) 9951 8201
Regulation: Not Regulated
Pairs offered: EUR/USD, GBP/USD, USD/JPY, USD/CAD, USD/CHF, AUD/USD, NZD/USD, EUR/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/NZD, GBP/JPY, GBP/AUD, GBP/CAD, EUR/NOK, and CAD/CHF
Minimum Deposit: $100
Spreads From: 0.4 PIPs
Max Leverage: 500:1
Markets: CFDs, indices, Forex, commodities and energy
Deposit Options

GDMFX Broker Review

GDMFX considers itself fast, accurate, and secure. Our in-depth review of this Forex brokerage came to precisely the same conclusions. GDMFX is the copyright name of Global Derivative Capital Markets NZ Ltd. The company is fully licensed and regulated in New Zealand with license #394-5518. Based in Auckland, NZ, this Forex brokerage has carved out a niche for itself with a powerful set of trading tools and features, account options and tradable instruments. Clients have the option of a demo account and a live account for Forex trading activity. This internationally acclaimed binary options and Forex brokerage offers a clean-cut trading platform with 128 tradable instruments available across all devices (PC, Mac, Android and iOS).

Overview/ background

 

GDMFX is first and foremost a global FX brokerage. It offers a suite of services to clients everywhere, with personalized customer support, a wide range of financial instruments, and a 100% secure trading platform. Clients can expect rapid executions of trades, compliments of servers located at different locations globally. The safety and security of all client information is protected by way of enhanced security protocols, 128-bit SSL technology, cloud encryption, and firewall protection. The brains trust behind GDMFX has extensive experience in the financial markets, enabling them to provide the finest trading conditions and educational tools and resources. Traders can access the daily market outlook, courtesy of in-house trading specialists and consultants. Servers are located in Japan, Singapore, London, and Mexico – this enhances the speed of transactions processing, and access to real-time news and updates.

 

Account Types

 

There are several different account types available to Forex traders in the UK. These include the Classic FX Account and the Blade FX Account. Traders still sitting on the fence, or needing to learn more about the Forex markets, can easily access the demo account options.

The Classic FX Account features the following benefits:

  • Leverage of 500:1
  • Zero commissions
  • A minimum deposit of $100
  • A maximum of 200 positions and a maximum of 1,000 lots
  • The trading platforms include Web, mobile and MetaTrader 4

The Blade FX Account

  • A minimum deposit of $200
  • A maximum leverage of 200:1
  • Clients can open 200 positions and 1,000 lots maximum
  • Upgrades to professional and prime accounts are possible
  • Web trading, mobile trading and MetaTrader 4 are available

Additional perks are available to account holders on the Classic FX Account and the Blade FX Account. For Classic FX account holders, there are fixed spreads and 4 decimal quotes. For Blade FX Account Holders there are 5 decimal quotes, one-on-one training, personal account managers, and swap free accounts available.

 

Trading Platform/ software

 

The signature trading platform available to clients is MetaTrader 4. This is the global standard when it comes to FX trading, and contracts for difference. MetaTrader 4 is readily available to clients on Mac and Windows and it is ideally suited to traders on their iOS (iPhone and iPad) as well as Android devices. Clients can download the apps to get started through the Google Play Store, or the App Store. The desktop client for MetaTrader 4 allows expert advisors, with small commissions and tight spreads.

Binary options trading is also available to FX traders, with MetaTrader 4 and the Binary Options Extension. Clients simply need to open a live account, log in to the Trader’s Section, make a deposit and download the software. The other trading platform is known as G Binary. This is dedicated to binary options traders and it’s available in a web-based platform. Each of these trading platforms and the software that powers them allows for a wide range of trading options and supports well over 100 tradable instruments.

 

Deposit options

 

Multiple deposit options are currently supported at GDMFX. These include an estimated 50 local deposit methods, UPayCard, MegaTransfer, Perfect Money, NETELLER, Skrill, MasterCard SecureCode, Bitcoin and Verified by Visa. The deposit methods are available worldwide with no fees or commissions on popular options like bank transfer, Visa, Skrill, NETELLER, and Bitcoin.

 

Markets

 

The trading products including currencies, metals, indices, CFDs, and more

Forex pairs cover the following options: EUR/USD, GBP/USD, USD/JPY, USD/CAD, USD/CHF, AUD/USD, NZD/USD, EUR/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/NZD, GBP/JPY, GBP/AUD, GBP/CAD, EUR/NOK, and CAD/CHF.

Indices include the S&P 500, the Dow Jones, the NASDAQ 100, the Nikkei 225, the CAC 40, the DAX 30, and the FTSE 100.

Energies include crude oil and natural gas.

Precious metals include XAU/USD and XAG/USD.

CFD trading is also available with a host of metals, indices, Forex pairs and the like.

 

Bonuses

 

GDMFX offers clients a generous welcome bonus package. This 50% bonus on your deposit with your new account allows you to enjoy up to $30,000 in bonuses. The minimum initial deposit amount of $100 – $499 will be met with a 10% welcome bonus. If you deposit between $500 and $2,000, your welcome bonus is matched with a 20% offer. Deposits between $2,000 and $5,000 will receive a 35% welcome bonus, and anything greater than $5,000 will qualify for a 50% match bonus up to $30,000.

There are several other promotional offers available, including the following options:

  • A 100% tradable bonus
  • A 100% G Binary Bonus
  • A Zero Deposit Fee Waiver

For details of these and other promotional offers available through GDMFX, clients are advised to visit the promotions page for further information.

 

Customer Support

 

Forex traders can easily get in touch with customer support at the company by clicking the contact us button. This New Zealand-based Forex brokerage offers full contact information for quick and easy access to support professionals.

  • The Fax # is +64-9973-4253
  • The Email Address is customer [email protected]
  • The Company’s Physical Address is located at level #3, 187 Queen St., Auckland New Zealand CVD 1010

Customer Service Representatives do an excellent job of responding to players in a timely fashion. They are knowledgeable, supportive, and able to resolve queries with ease.

 

Safety

 

This New Zealand-based Forex brokerage is safe and secure. It runs a cloud-encrypted platform with 128-bit SSL technology. It is Comodo secure, with all the safety protocols expected of platforms running MetaTrader 4 software. The company’s registered number is 394-5518, and clients in all major supported jurisdictions can enjoy complete peace of mind when trading financial instruments online.

 

Ease of Use

 

GDMFX is easy to use. There is a demo account option and a live trading account option for the major account types that are available. Clients can easily switch between categories and choose from the range of available financial instruments.

 

Final Thoughts

 

Forex traders will be satisfied with the MetaTrader 4 platform for Android, iOS and Web Trading. While there are a limited number of financial instruments available, the spreads are low, and generous leverage allows you to open a much bigger trading positions. Overall,  GDMFX is a high quality brokerage with a wide range of banking options, contact options, and enhanced security features.

Pros
  • 128-bit SSL encryption technology
  • Demo Account Trading Options
  • Generous Promotional Offers Available
Cons
  • No stocks available to traders
  • No FCA regulation for UK clients
  • Limited access to traders around the world
  • No telephone number
GDMFX Overview
Website: www.gdmfx.com
Telephone: (+64) 9951 8201
Regulation: Not Regulated
Pairs offered: EUR/USD, GBP/USD, USD/JPY, USD/CAD, USD/CHF, AUD/USD, NZD/USD, EUR/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/NZD, GBP/JPY, GBP/AUD, GBP/CAD, EUR/NOK, and CAD/CHF
Minimum Deposit: $100
Spreads From: 0.4 PIPs
Max Leverage: 500:1
Markets: CFDs, indices, Forex, commodities and energy
Deposit Options
Pros
  • 128-bit SSL encryption technology
  • Demo Account Trading Options
  • Generous Promotional Offers Available
Cons
  • No stocks available to traders
  • No FCA regulation for UK clients
  • Limited access to traders around the world
  • No telephone number