GDMFX vs Switch Markets

Both forex brokers have built a positive reputation, and feedback from our members supports that. That said, GDMFX currently holds a lower overall rating (2.5) compared to Switch Markets (4.5). GDMFX has a higher minimum deposit than Switch Markets, at 100.0. Both platforms offer their clients bonuses, demo konti, mobile trading, scalping, MAM/PAMM. Traders should note that both companies offer the same minimum lot size 0.01, but GDMFX has a maximum lot size of 1000.0, while Switch Markets offers 100.0. GDMFX offers a lower maximum leverage of 1:500, whereas Switch Markets allows trading with up to 1:1000.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
Overall Rating: Platforma: Cenu: Klientu serviss: Funkcijas:
2.5/5
2.5/5
2.5/5
2.5/5
4.5/5
4.5/5
4.7/5
4.4/5
Minimum deposit ($) 100.0 50.0
Commission 7.0 3.5
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 konti
Web based trading
Konkursi
Decimals 5 5
Minimum lot size 0.01 0.01
Maximum lot size 1000.0 100.0
Spread Fixed, Variable Variable
Broker type STP, ECN, Market Maker, NDD, DMA STP, ECN, Pro, Cent
Maximal leverage (1:?) 500 1000
Availability STP, ECN, Market Maker, NDD, DMA STP, ECN, Pro, Cent
Regulation FSP (NZ) -
Trading Platforms MetaTrader 4 (MT4), Web Platform, Mobile Platform MetaTrader 4 (MT4), MetaTrader 5 (MT5), Web Platform, Mobile Platform
Funding/Withdrawal methods Wire Transfer, Credit Card, Debit Card, Perfect Money, Neteller, Skrill, Bitcoin Wire Transfer, Credit Card, Debit Card, Perfect Money, Neteller, UnionPay, Skrill, FasaPay, Local Deposits, Bitcoin, Multiple local methods, PayTrust, PayRetailers, Payment Asia, Crypto, Dragonpay, USDT, Visa, Mastercard, cryptoPay
Account Currency USD, GBP, EUR, JPY, AUD USD, GBP, EUR, CHF, NZD, CAD, AUD, PHP
Languages English, Mandarin, Chinese, Indonesian, Malay, Bulgarian English, Spanish, Portuguese, Italian, Russian, Filipino, Tagalog
Country New Zealand Singapore
Trading platform(s) timezone Australia, Bulgaria, China, Indonesia, India, Taiwan Australia, Cyprus, Singapore
Other trading instruments Indices, Commodities, Energies, CFDs -
spreads
EUR/USD - -
GBP/USD - -
USD/JPY - -
USD/CAD - -
XAU/USD - -

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