GDM FX Review
Reason to avoid: No License. Negative Reputation.
Listed Date: October 11, 2018
Top 3 Regulated Forex Brokers
Beware GDM FX is a Non-Regulated broker. It is NOT SAFE to trade.
- Company name:
Global Derivative Capital Markets NZ Limited.
- Registration Address/ License:
New Zealand. No License or Regulation.
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.
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.