GDM FX Review (2023)
Is GDM FX a scam or a legit broker?
It is not safe to trade with GDM FX, because it is an unregulated broker. In addition, the company has been suspected to be a fraud. While we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.
About GDM FX
| 🗺️ Registered in | No Registration |
| 🗺️ Type of License | No License |
| 🛡️ Is GDM FX safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
Global Derivative Capital Markets NZ Limited is a global broker providing online currency trading services, which operates under the brand name GDM FX. The broker claims its international trading services and tailored solutions while supports numerous languages that include English, Arabic, Chinese, Spanish, Russian, Turkish, Indonesian and more. From our research it revealed, that the company located in NZ but do not offer its services within New Zealand, as simply there is no license to do so from the local authority.
Therefore, the broker chooses the path to target clients from various jurisdictions that are do not have the strictest authorities that oversee the industry so the company can find their enemies with no consequences. As a result, you will find an impressive number of negative reviews just all around the internet forex sources and forums from the clients from all world. Mostly, the traders faced issues to withdraw funds while the only replies from the GDM FX were excuses or absolute ignorance. In conclusion, stay far away from GDM FX and their proposals as the company simply does not feel obligations to withdrawal requests.
Conclusion
Unfortunately, this kind of fraud practice is a quite popular case, while suspicious companies targeting quite naïve clients, taking their money and going for good. Exactly for that reason, we always advise trading only with the regulated brokers, as the licensed broker always overseen by the authority and in case there is an unlikely event or non-compliance to the international protection rules the company will be at least fined or even dismissed. Thus, the trader can invest with a secure state of mind along to other benefits that are offered by the regulated brokers only.