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GDMAX

Singapore|Within 1 year|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.gdmaxs.com/

Website

Rating Index

Contact

info@gdmaxs.com
https://www.gdmaxs.com/
Marina Bay Financial Centre Block A 1908

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
*No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Warning: Low score, please stay away!
2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

Basic information

Registered region
Singapore
Operating period
Within 1 year
Company Name
GDMAX LTD
Abbreviation
GDMAX
Company employee
--
Customer Service Email Address
info@gdmaxs.com
Company website
Company address
Marina Bay Financial Centre Block A 1908
Keywords 4
Within 1 year
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk
Website
Company Summary
Review

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Official website

Website

  • gdmaxs.com

    Server Location

    United States

    Website Domain Name

    gdmaxs.com

    Server IP

    104.21.84.120

Company Summary

GDMAX Information

GDMAX is an unregulated brokerage company registered in Singapore. This firm focuses on Forex and CFD trading with the popular MT4 trading platform. GDMAX gives one live trading account and a demo account. However, there is limited information about trading fees on its website. Furthermore, no phone support option could be a barrier for some investors.

GDMAX Information

Pros and Cons

Pros Cons
Plenty of investment choicesNo valid regulatory certificates
Leverage options available (up to 1:500)Phone support unavailable
Popular trading platforms (MT4)Limited information about trading fees
Charge no additional fees for deposits or withdrawals
Offering a demo account

Is GDMAX Legit?

GDMAX operates without regulation from any recognized financial authority. Engaging with an unregulated broker like GDMAX carries substantial risks, and investors should be aware of the potential consequences before depositing funds.

Is GDMAX Legit?

What Can I Trade on GDMAX?

Online brokerages can offer an easy way to start building a portfolio. But they aren't all the same. GDMAX gives you plenty of tradable instruments. Depending on your goals and risk tolerance, you can invest in forex, indices, futures, commodities, and cryptocurrencies.

  • Forex: 61 currency pairs
  • Indices: 25 Indices to trade from across the globe
  • Commodities: Over 22 commodities to trade, including energy, agriculture and metal
  • Cryptocurrencies: 10 of the most popular Cryptos
  • Futures: 4 Global Futures available to trade
Tradable Instruments Supported
Forex
Indices
Futures
Commodities
Cryptocurrencies
Stocks
Bonds
ETFs
Mutual Funds
What Can I Trade on GDMAX?

Account Types

Some online brokerages give various account types. These account types can determine what features and benefits you have or what fees you pay.

GDMAX only offers one standard trading account and a demo account. The Standard accounts offer commission-free trading with a spread from 1 pips and leverage up to 1:500. This firm claims to give trading conditions for scalping, EA, and high-frequency trading globally. There are no limits or restrictions on trade sizes, you can place trades as small as one micro lot (0.01).

Account Types

GDMAX Fees

Investment fees can take a bite out of your returns. With GDMAX, information about trading fees is scarce on its website:

FeatureDescription
SpreadsFrom 0.0 pips
Swap ratesSwap rates are calculated in points. MT4 converts them automatically into the base currency of your account. Each currency pair has its swap charge and is measured on a standard size of 1.0 lots.
LeverageUp to 1:500
GDMAX Fees

Trading Platform

The popular MT4 platform is available with this firm. You can apply PC and mobile devices to download on its website. Its main features include high-speed trading (up to 50 ms), technical indicators, automated trading, and risk control.

Trading PlatformSupported Available Devices Suitable for
MT4Windows, MAC, IOS, AndroidInvestors of all experience levels
MT5
Proprietary platform
Trading Platform

Deposit and Withdrawal

GDMAX offers funding options including credit/debit card, Skrill, wire transfer, Neteller, FasaPay, China Union Pay, Bpay and broker-to-broker transfer, and deposits. GDMAX does not charge any additional fees for deposits or withdrawals. You should, however, be aware that you may incur fees on payments to and from some international banking institutions.

Withdrawal requests cut-off time is 12:00 AEST/AEDT. Credit / Debit Card withdrawals may take 3-5 business days to reach your credit card. Paypal / Neteller / Skrill withdrawals must be made from the same account from where the funds were sent initially. These transactions are instant once processed.

Deposit Options

Deposit Options Min. DepositFees Processing Time
Paypal / Neteller / SkrillN/ANo CommissionN/A
Credit / Debit CardN/ANo CommissionN/A
Wire transferN/ANo CommissionN/A

Withdrawal Options

Withdrawal Options Min. Withdrawal Fees Processing Time
Credit / Debit CardN/ANo Commission3-5 business days
Paypal / Neteller / SkrillN/ANo CommissionInstant
Wire transferN/ANo CommissionN/A
Deposit and Withdrawal

Customer Support Options

For any questions you might have, help is available 24/7 via email by email (info@gdmaxs.com). There is no online chat feature or customer support phone number listed on the website. Some clients may find that a bit inconvenient.

Contact Options Details
Phone
Emailinfo@gdmaxs.com
Support Ticket System
Online Chat
Social Media
Supported LanguageMultiple
Website LanguageMultiple
Physical AddressMarina Bay Financial Centre Block A 1908
Customer Support Options

The Bottom Line

While there are plenty of online brokerages out there, some may fit your needs better than others. GDMAX makes it easier to build a diversified portfolio. Its popular MT4 platform is another selling point for investors. However, the biggest drawbacks are insufficient information about trading fees and regulatory hurdles. As you compare online brokerages, keep cost and risk firmly in mind.

FAQs

Is GDMAX a regulated brokerage?

No, GDMAX is not regulated by any reputable financial authority. Before choosing a brokerage, remember to consider the risk involved.

What account types does GDMAX offer?

GDMAX offers one live trading account and a free demo account.

Does GDMAX offer leveraged trading?Yes, GDMAX provides a leverage option, which is up to 1:500.

Risk Warning

Online trading involves considerable risk, so it may not be suitable for everyone.

Keywords

  • Within 1 year
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk
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