GDMFX Review for 2019

GDMFX Rated 2/5
GDMFX have a low rating. We recommend you look at one of their alternative brokers.
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GDMFX Introduction

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of GDMFX we break down the pros and cons. What GDMFX are able to offer, what countries GDMFX are available in. Who GDMFX are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with GDMFX

  • Regulated by: Unregulated
  • Headquarters Country : Anguilla
  • Foundation year 2012
  • Min Deposit Fee : 100
  • Used by over 10,000 traders
  • GDMFX is not available in the following countries : US, NZ
Open GDMFX's Website

Losses can exceed deposits

At the bottom of this review you can also learn about some pretty good alternatives to GDMFX

With this review we hope to help you see if GDMFX is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding GDMFX that will help you get off to a good start in the world of online trading.

GDMFX Review Table of Contents

GDMFX what you should know

GDMFX offer one way to trade: Forex.

With GDMFX you will need a minimum deposit of $100. You can sign up for a demo account to acquaint yourself with GDMFX platform.

GDMFX are able to accommodate various levels of traders whether you are experienced or a beginner.


Are GDMFX safe?

When choosing a broker like GDMFX the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2012, and in operation for 7 years GDMFX have a head office in Anguilla.

GDMFX is regulated. This means GDMFX are supervised by and is checked for conduct by the Unregulated regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to GDMFX, this will be honored. If GDMFX violate any regulatory rules their regulated status could be stripped.

Any payments funded to GDMFX accounts by traders are held in a segregated bank account.

For added security GDMFX use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with GDMFX. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit GDMFX

Losses can exceed deposits

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

What we like about GDMFX

  • Used by over 10,000 traders
  • Established in 2012
  • Regulated by Unregulated
  • Min. deposit from $100

What we don't like about GDMFX

GDMFX General Fees

  • GDMFX withdrawal fees varies on payment method
  • GDMFX doesn't charge inactivity fees

GDMFX Commissions

  • GDMFX doesn't charge commission on CFD shares.

What can you trade with GDMFX?

You can trade a wide variety of instruments with GDMFX over instruments infact.

If you are looking at trading currency pairs GDMFX offer over currency pairs.

Compare GDMFX with eToro and XTB below.

Losses can exceed deposits

FX / Currencies GDMFX eToro XTB
Forex pairs offered 50 50
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes
Exotic forex pairs Yes Yes
Cryptocurrencies No Yes Yes
Commodity CFDs GDMFX eToro XTB
Commodities offered 0 0 21
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural No Yes Yes
Indiced & Stock CFDs GDMFX eToro XTB
Stocks offered 957 1696
UK Shares No Yes Yes
US Shares No Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
GDMFX
Instruments
eToro
Instruments
XTB
Instruments

Trading on GDMFX web platforms and other applications

GDMFX offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

GDMFX also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See GDMFX's platforms

GDMFX Trading benefits :

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

GDMFX Trading Accounts Offered :

  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Managed account
  • Islamic account

Can I try GDMFX before I buy?

GDMFX offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding methods do GDMFX accept?

GDMFX offer the below funding payment methods. learn more about GDMFX

  • Credit cards
  • Bank Transfer
  • Neteller
  • UnionPay

How can I start trading with GDMFX?

When opening a trading account with GDMFX, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on GDMFX trading platforms here.

Performing trades with GDMFX

GDMFX allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. GDMFX allow you to execute a maxium trade of 1,000 Lot. As GDMFX offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

Education resources at GDMFX

To trade effectively with GDMFX, it's important to get a have a good understanding of the XTB trading tools and the markets.

GDMFX offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with GDMFX.

Take time to look around the GDMFX platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Support at GDMFX

GDMFX support a wide range of languages including English, Russian, Turkish, Chinies, Malay, Indonesian

What you will need to open an account with GDMFX

As GDMFX is regulated by Unregulated, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore GDMFX's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with GDMFX you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.gdmfx.com on 12th August 2018.

GDMFX not quite right?

Check out these GDMFX Alternatives

We have spent years researching the best alternatives to GDMFX. Click the links below to learn more.

If you feel some of the above GDMFX are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of GDMFX alternatives below.

Related GDMFX Comparisons

If you would like to see how GDMFX stands up against other brokers you can read some of our GDMFX comparisons below. We compare side by side some of our top rated GDMFX versus comparisons. Read some indepth GDMFX VS pages below.

GDMFX Frequently Asked Questions

Can I try GDMFX before I buy?

GDMFX do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here

What funding methods do GDMFX accept?

GDMFX offer the following funding payment methods accept Credit cards, Bank Transfers, Neteller, Wire Transfer, among other payment methods.
Learn more here

Losses can exceed deposits

How can I start trading with GDMFX?

When opening a trading account with GDMFX, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on GDMFX trading platforms here.

Is my money safe with GDMFX?

GDMFX is regulated by Unregulated. One of the most important criteria for traders when choosing a broker like GDMFX is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to GDMFX, this will be honored. If they violate any regulatory rules their regulated status can be stripped.