Editor’s Verdict
Overview
Review
Headquarters | New Zealand |
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Year Established | 2012 |
US Persons Accepted? |
GDMFX is registered as a Financial Service Provider (FSP) in New Zealand and an Authorized Representative in Australia. GDMFX is an STP broker and offers financial securities in Forex, precious metals, energy, and commodities. GDMFX maintains offices in Indonesia, India, Hong Kong and China.
Features
GDMFX offers four types of accounts: Standard, Blade, Elite and the invitational-only Prime account. Minimum deposits for these are $100, $1000 and $10,000 respectively. Swap-free trading accounts are also available for those traders who adhere to the Islamic law (Sharia). With the swap-free account, there are no interest charges or roll-over fees when traders extend trades to the next day. Accordingly, there will not be any interest earned by the client.
Demo accounts are also available for traders just starting out in the market.
GDMFX trades 36 currency pairs and several popular indices and provides leverage up to 1:500 depending on the account type. Fixed spreads are used for the Standard account; variable spreads for the ECN Blade, Elite and Prime accounts.
Educational material is provided by the Hermes Academy which is geared to traders at all levels of experience. Market news is reported on a daily basis and webinars are offered several times a week.
Social Trading and Auto Trading are also available at GDMFX and are highly affordable options accessible to all traders at any income level. Social trading allows traders to monitor real-time trading of a number of traders, connect to the most successful ones and copy their trades automatically. This saves time and also allows for investment diversification.
The GDMFX website is available in English, Turkish, Russian and Chinese and customer service is offered through Chat 24/7.
Platforms
There is a choice of trading platforms to use at GDMFX. The MetaTrader 4 is the most popular and offers online forex trading that comes in multiple languages. It also provides customizable chart, indicator and Expert advisor features that traders can develop to automate their trading strategies.
GDMFX Multi Account Manager
The Multi-Account Manager (MAM) helps managers with the allocation methods or let them trade each account with different conditions using one platform. This account uses software that operates with MT4. The platforms are available for all smartphone and mobile devices, including tablets.
Trading Platform
