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Review Score
Platform
Pricing
Customer service
Features

GDMFX

Minimum deposit ($)
100.0
Commission
7.0
Accepting US clients?
Swap free accounts
Segregated accounts
Interest on margin
Managed accounts
Accounts for money managers (MAM, PAMM)
One click trading
API
OCO orders
Trading over the phone
Hedging allowed
Trailing stops
Mobile trading
Scalping allowed
Bonuses
Demo Accounts
Web based trading
Contests
Decimals
5
Minimum lot size
0.01
Maximum lot size
1000.0
Spread
Fixed, Variable
Broker type
STP, ECN, Market Maker, NDD, DMA
Maximal leverage (1:?)
500
Phone
(+64) 9951 8201
Fax
(+64) 9973 4253
Availability
Phone, Chat, Email, FAX
Address
Level 3, 187 Queen Street, Auckland CBD 1010 NZ
Regulation
FSP (NZ)
Trading Platforms
MetaTrader 4, Web Platform, Mobile Platform
Funding/Withdrawal methods
Wire Transfer, Credit Card, Debit Card, Perfect Money, Neteller, Skrill, Bitcoin
Account Currency
USD, GBP, EUR, JPY, AUD
Languages
English, Mandarin, Chinese, Indonesian, Malay, Bulgarian
Country
New Zealand
International offices
Australia, Bulgaria, China, Indonesia, India, Taiwan
Trading platform(s) timezone
(GMT) Western Europe Time, London, Lisbon, Casablanca
Other trading instruments
Indices, Commodities, Energies, CFDs
GDMFX User Reviews
GDMFX User Reviews
Member Since Jan 27, 2014   3 posts
Mar 12, 2018 at 11:26
ingham posted:
Hi,

I have make a withdrawal from this Broker back in november 2017, and now in mid january 2018 not got the withdrawal yet! The broker said problem with the payments supporter.

I hope soon to see my withdrawal, but otherwise keep away from this broker!


Me too !!!! I withdraw since October 2017, and now mid March 2018 - nothing !!!
Now they remove chat online on their website....
Member Since Apr 19, 2016   14 posts
Feb 07, 2018 at 04:54
Me too, they are not giving withdrawals, situation doesn't look nice.
And they also reply with a complain email with a hazy sentence that goes:We will inform you via email, when your withdrawal is complete. Totally unacceptable!
They talk about a law firm you can contact in case of a case with them by request, but when you ask about it they don't provide you with any details.
It seems like we lost our money
Member Since Mar 23, 2016   1 posts
Jan 17, 2018 at 12:57
Hi,

I have make a withdrawal from this Broker back in november 2017, and now in mid january 2018 not got the withdrawal yet! The broker said problem with the payments supporter.

I hope soon to see my withdrawal, but otherwise keep away from this broker!

Member Since Aug 20, 2009   266 posts
Nov 12, 2017 at 07:51
Having problems withdrawing my funds from this broker.

Have launched their internal complaints procedure, after which I will take it to the New Zealand Financial Dispute Resolution authority of which they are a member.

I have also noted that they are no longer registered with the New Zealand FSPR. They were de-registered earlier this year. I will be approaching them to find out if what they are doing is legal.

No longer being registered as a FSP means that they are not regulated in any shape or form. There is also no oversight from the authorities in NZ. All big red flags.

Be careful out there, lest they rob you too.
Member Since May 26, 2016   8 posts
Jul 25, 2017 at 06:48
Very competitive market conditions. Fast withdrawals. Never had any problems!
Member Since Dec 06, 2016   16 posts
Jun 22, 2017 at 11:43
its good ?
Member Since Mar 14, 2013   98 posts
May 01, 2017 at 07:44
mae4206 posted:
I sent docs to open an acc, someone call me ask to deposit usd5k, I told him I got no money and he said no point processing my application. stupid broker they just want your money. stay away

Hello, mae4206. I am sorry to hear about your bad experience. I believe you might have applied for a Blade PRO account where the minimum deposit is 5000 USD. That account has customizable leverage and trade rebates.
The minimum deposit is 100 USD for the Classic account and 200 USD for the Blade account. You can see more information about our account types on www.gdmfx.com/en/account-types.
On behalf of GDMFX, I would like to apologise for the misunderstanding. You can contact our Support team 24/5 on [email protected] and the online chat on www.gdmfx.com, and they will be happy to assist you. Please provide them with more information such as your registered email or phone number, so we can investigate and come down to the bottom of this mishap.
Member Since Aug 09, 2011   13 posts
May 01, 2017 at 07:06
I sent docs to open an acc, someone call me ask to deposit usd5k, I told him I got no money and he said no point processing my application. stupid broker they just want your money. stay away
Member Since Apr 11, 2017   6 posts
Apr 11, 2017 at 14:23
Nice broker. offers mt4. Spreads could be better but I'm happy with everything else
Member Since Mar 14, 2013   98 posts
Jan 17, 2017 at 16:31
Magrs7 posted:
Low level of service. The high appreciation here looks like a man-made, inadequate reality.

Hello, Margrs7. My name is Steven and I am managing the Support Team of GDMFX. I am sorry to hear about your bad experience. Please let me know the specifics of your issue so I can assist. Additionally, please feel free to contact our Live chat. They are available 24/5.
Member Since Sep 16, 2011   6 posts
Jan 17, 2017 at 08:01
Low level of service. The high appreciation here looks like a man-made, inadequate reality.
Member Since Aug 25, 2015   1 posts
Sep 19, 2016 at 06:23
I have been with this broker for almost 2 years and I have no problems with this broker the service is excellent and the customer service is also excellent so I cannot say anything bad about this broker, this is the best broker I have come across, also I have the best manager also Mr Dikov he is very helpful and kind.
Member Since Mar 12, 2016   2 posts
May 17, 2016 at 06:52
nick20042 posted:
server in asia?? ping very fast 33ms

where exactly localization? What city? This is in vps, what vps?
Member Since Jan 24, 2013   6 posts
May 03, 2016 at 14:52
server in asia?? ping very fast 33ms
Member Since Dec 20, 2012   25 posts
Apr 19, 2016 at 06:27
Jackfxking posted:
I applied for withdrawal on 2015 Nov/12
today is 2016 3/7 no money in to my account




Mr. Georgiev Thu, 01/14/16 10:16:27 pm Asia/Taipei
 
Hello jack. How may I help you?
 
jack 10:16:34 pm
 
hi Georgiev
 
Mr. Georgiev 10:18:08 pm
 
Hello, how can I help you ?
 
jack 10:18:18 pm
 
I applied for withdrawal on2015 Nov/12 id :XXXXXXX
 
Mr. Georgiev 10:19:04 pm
 
We had issues with our bank and we have changed our bank account
This caused some delays with all requets
We sent a reminder to our accounts team
about your withdrawal and hopefully it will be processed soon
and you will receive your money.
We apologize for the inconvenience

have you got your money back now?
Member Since Nov 17, 2015   1 posts
Mar 08, 2016 at 07:50
I applied for withdrawal on 2015 Nov/12
today is 2016 3/7 no money in to my account




Mr. Georgiev Thu, 01/14/16 10:16:27 pm Asia/Taipei
 
Hello jack. How may I help you?
 
jack 10:16:34 pm
 
hi Georgiev
 
Mr. Georgiev 10:18:08 pm
 
Hello, how can I help you ?
 
jack 10:18:18 pm
 
I applied for withdrawal on2015 Nov/12 id :XXXXXXX
 
Mr. Georgiev 10:19:04 pm
 
We had issues with our bank and we have changed our bank account
This caused some delays with all requets
We sent a reminder to our accounts team
about your withdrawal and hopefully it will be processed soon
and you will receive your money.
We apologize for the inconvenience
Member Since Dec 04, 2014   2 posts
Mar 06, 2016 at 08:12
This broker,GDM began to deliberately postponed withdrawals from last year (2015) in May. Me and my friends have experienced the same problem. We tried to contact Lucror Capital Markets LP and asked them to complete the withdraws. However, the customer service have always replied with us the same responses that they will forward our complaints to the management, but no answers ever since. This issue has seriously affected my life , we can not do anything but wait, and this is certainly very disappointing.
413x
Member Since Sep 09, 2015   4 posts
Oct 01, 2015 at 20:51
413x posted:
Stay AWAY! I've had an account with this broker (8144493) They have canceled all my profitable orders and took my deposit. I'm preparing a complaint regarding fraud in this company.

After spkeaking with regulated athority, GDMFX sent my deposit immdeately back.
Member Since Jul 15, 2014   10 posts
Sep 16, 2015 at 20:07
I was quite prepared to open an acc with this broker, but when I told the consultant that I only had a $1000 to deposit, I was told to find another broker.
413x
Member Since Sep 09, 2015   4 posts
Sep 10, 2015 at 06:06
Stay AWAY! I've had an account with this broker (8144493) They have canceled all my profitable orders and took my deposit. I'm preparing a complaint regarding fraud in this company.
GDMFX User Reviews

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