GFM Trader Review
GFM Trader, established in 2011, is a binary options broker domiciled in London, UK. GFM Trader is one of very few binary option companies established by traders and this is one of the fundamental aspects that set GFM Trader apart from the other binary option companies. GFM Trader is a first class binary options trading platform for over 160 different stocks, currencies, indices and commodities.
GFM Trader uses the regulations and audit procedures of FSA, CySEC and MIFID.
There are five different accounts at GFM Trader. The Mini account requires a minimum deposit of only $200 and a welcome bonus of 20% is awarded. The highly recommended Standard account starts with $1000 and traders receive a 30% deposit bonus. Anyone opening the Trader account with at least $5000 receives a deposit bonus of 50% and the Pro Trader account can be opened with $10,000 and is accompanied by a 60% welcome bonus and a free iPhone-iPad or Samsung's Android equivalent (offered at the time of this review).
The Investor account is for big traders and must be funded with at least $50,000. These account holders receive an immediate 100% bonus as well as a Mac Bookair computer or its equivalent (offered at the time of this review).
The above accounts are accompanied by daily trade recommendations, daily technical analysis videos, one-on-one trades with experts and more. Standard options offer average profits of around 80%, while one-touch options can pay out as much as 400% per trade.
The features at GFM Trader are plentiful and straight forward.
GFM Trader is the only brokerage company that provides its traders with the unique licensed “Manual Trader System (MTS)” which was developed in Australia specifically for GFM Trader and its licensed users.
The “Trade Recommendation Sheet (TRS)” gives traders the different levels that inform them when to enter and what the expected target(s) are. It comes with TRS screen shots from the GFM Trader MTS so any trader with the MTS can easily see and understand at what precise level to trade.
GFM Trader provides traders live signals on the market with the EURUSD several times during the day so they even if they don’t have time to sit down and analyze the market they will receive direction on how to trade.
When it comes to trading platforms, traders and investors alike can choose from five different forms of binary option transactions: Digital (Binary) Options, Touch Options, Range Options, One Touch Options and Turbo Options.
GFM Trader offers a host of trading tools. Traders can close the trade with a stop loss or take profit and the Roll Over function, which is also known as the Extend function, can be used in order to extend the expiry period on the trade. This allows the trader to extend the trade, giving him the opportunity to wait for a market reversal and end the transaction in profit if the market should reverse in his favor.
The Double function allows traders to add another position when they see the market is going in their favor, thus allowing them to double their profit.
A section on trading strategies is also provided where information about various strategies are discussed in detail.
GFM Trader clients can receive the daily trading recommendations of Meydan & Co. free of charge and watch the daily analysis videos from their site every day. Logging in is necessary.
Traders can watch a daily video from London that provides them with a daily trading perspective. They can then match it to their TRS and the MTS and place a trade completely synchronized.
In order to facilitate a high degree of success amongst their clients CFM Trader has developed training videos that explain their platform, trading tools and binary option types, trading help videos and daily market review and analysis. In addition traders can download a full detailed technical analysis eBook, ’Introduction to Binary Options Trading.’
An interesting offering by GFM Trading is their partial sponsorship to clients who wish to learn technical analysis training. Meydan & Co.'s eight hour 1 on 1 technical analysis course is provided to GFM Trader clients at 25% discount, with GFM Trader compensating for the remaining 25%.
GFM Trading also provides detailed FAQ sections on varies binary options and banking terms as well as a full glossary of all financial subjects.
Deposits to GFM Trader accounts can be made via credit and debit cards, UKash and bank transfers. Withdrawals can be initiated by filling out an online withdrawal form.
Customer support is available via telephone to the London office as well as to numbers in Australia, France, Turkey, Canada and South Africa. Traders can contact a GFM Trader representative via email or call back request which trigger a response at the earliest possible time. Each language is taken care of by a specific team and GFM Trader also has a support team audit procedure where all support team member emails and telephone calls are recorded and audited. Live Chat is also available.
GFM Trader could benefit from the addition of more website languages and some additional bonuses or promotions. However, GFM Trader offers so many other features that there is no doubt it is on its way to becoming one of the best binary option brokers out there. Traders should feel satisfied knowing that they can have a satisfying trading experience along with a chance of making huge profits trading at GFMTrader.com.
- Choice of Accounts
- Multiple Trading Tools
- Demo Account
- Few Bonuses
- Limited Educational Material
Review info: GFM Trader
Review Date: 2015-05-05
Rating : 3
Reviewed By : Sara Patterson