Introduction
GDMFx.com is a forex and CFD broker that offers traders a wide range of currency pairs, metals, commodities and indices to trade with. The company is headquartered in the Marshall Islands and is regulated by the IFSC. The broker provides two account types to choose from, a Standard account and an ECN account. Both account types offer leverage of up to 1:500 and have a minimum deposit of $100. The Standard account provides variable spreads from 2 pips, while the ECN account provides spreads from 0 pips with a commission of $6 per lot traded. In this blog post, we will take a look at the pros and cons of GDMFx.com as well as what other traders have to say about the broker.
What is GDMFX?
GDMFX is a global online financial broker that provides trading in Forex, CFDs, and commodities. The company is headquartered in New Zealand and is regulated by the Financial Services Authority (FSA).
GDMFX offers a wide range of tradable instruments including major and minor currency pairs, precious metals, energy products, and equity indices. The company provides its clients with access to the latest market news, analysis, and commentary through its website as well as email and SMS alerts.
Clients of GDMFX can trade using the MetaTrader 4 platform which is available in both desktop and mobile versions. The broker also offers a web-based platform for those who prefer not to install any software. deposits and withdrawals can be made using major credit cards, bank wire transfer, or e-wallets such as PayPal and Skrill.
account types offered by GDMFX include Standard, Islamic, and Demo accounts. Standard accounts require a minimum deposit of $500 while Islamic accounts are available for Muslim traders who wish to trade in compliance with Shariah law. Demo accounts allow new clients to test out the platform and experience live trading conditions with virtual funds before committing to a real money account.
The Pros of GDMFX
When it comes to online Forex trading, there are many different brokers that you can choose from. However, not all of them are created equal. In this article, we will take a look at one particular broker – GDMFX – and see what the pros and cons are.
First of all, let’s look at the pros. One of the biggest advantages of GDMFX is that they offer a very user-friendly platform. Their platform is designed to be easy to use for both beginners and experienced traders alike. Additionally, GDMFX offer a wide variety of currency pairs to trade, as well as other financial instruments such as CFDs and metals.
Another big advantage of GDMFX is that they offer very competitive spreads. Their spreads start from just 0.1 pips on major currency pairs, which is extremely low compared to other brokers. This means that you can save a lot of money on your trading costs with GDMFX.
Finally, GDMFX offer excellent customer support. They have a team of dedicated customer service representatives who are always on hand to help you with any questions or problems you may have. Overall, GDMFX are a very solid broker with plenty to offer their clients.
The Cons of GDMFX
The Cons of GDMFX
-GDMFX does not offer the MetaTrader 4 platform.
-The company is not regulated by a major financial regulator.
-The broker only offers forex and CFD trading.
GDMFX Traders Ratings
GDMFX Traders Ratings
Overview: GDMFX is a New Zealand based forex broker, offering trading in over 50 currency pairs on the MetaTrader 4 platform. The company is regulated by the Financial Services Provider (FSP) in New Zealand.
Accounts: GDMFX offers three types of live accounts – Standard, ECN and VIP. The minimum deposit for a Standard account is $500, while the minimum deposit for an ECN account is $5,000. The VIP account requires a minimum deposit of $50,000. Demo accounts are also available.
Spreads: Variable spreads are offered on all account types, from as low as 0.2 pips on the Standard account up to 0.1 pips on the ECN account. There is no commission charged on any of the accounts.
Leverage: Leverage of up to 1:500 is available on all account types except for the VIP account which offers leverage up to 1:200.
Minimum Trade Size: The minimum trade size is 0.01 lots or 1,000 units of the base currency.
Deposit and Withdrawal Methods: Deposits can be made via credit/debit card, bank wire transfer or e-wallets such as Skrill and Neteller. Withdrawals can be made via credit/debit card or bank wire transfer only. There is no fee charged for deposits or withdrawals. However
Conclusion
GDMFx.com is an online broker that offers forex and CFD trading. They are a part of the GDM Group, which is regulated by the Financial Conduct Authority (FCA) in the UK. GDMFx.com offers a variety of features and benefits for traders, but there are also some cons to consider before opening an account. Overall, GDMFx.com appears to be a reliable and safe broker for forex and CFD trading.