Home -
-
Main body -

WikiFX Express

Exness
XM
EC Markets
TMGM
FXTM
FOREX.com
AvaTrade
FXCM
IC Markets Global
DBG Markets

GDMAX

WikiFX | 2024-09-25 12:16

Abstract: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

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
MT4✔Windows, 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.

Related broker

No Regulation
GDMAX
Company name:GDMAX LTD
Score
1.25
Website:https://www.gdmaxs.com/
1-2 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.25

WikiFX Express

Exness
XM
EC Markets
TMGM
FXTM
FOREX.com
AvaTrade
FXCM
IC Markets Global
DBG Markets

WikiFX Broker

FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
AvaTrade

AvaTrade

Regulated
TMGM

TMGM

Regulated
FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
AvaTrade

AvaTrade

Regulated
TMGM

TMGM

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
AvaTrade

AvaTrade

Regulated
TMGM

TMGM

Regulated
FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
AvaTrade

AvaTrade

Regulated
TMGM

TMGM

Regulated

Latest News

Kazakhstan Cracks Down Unlicensed Crypto Exchanges

WikiFX
2025-10-08 17:31

FXONET Exposed: Traders Report Scam Allegations & Major Capital Losses

WikiFX
2025-10-09 15:55

RM66 Million Lost in Ponzi Scheme Allegedly Tied to Datuk Businessman

WikiFX
2025-10-09 17:29

Traders Expose Major Flaws in Moomoo’s Operations: Payout Issues, Poor Support & More

WikiFX
2025-10-09 18:46

AssetsFX Review 2025: Is This Broker Safe or a Red Flag?

WikiFX
2025-10-09 14:41

Webull UK announces its new offer

WikiFX
2025-10-09 14:47

Starmer meets Modi on his first visit to India

WikiFX
2025-10-09 06:27

ScoreCM Faces Traders’ Wrath: Unprofessional Behavior & Withdrawal Delays Spoil Investment Mood

WikiFX
2025-10-09 15:43

Spot Forex Trading Explained: Definition, How It Works and Key Factors to Know

WikiFX
2025-10-09 17:06

How to Spot and Avoid Financial Scams

WikiFX
2025-10-10 17:41

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

FutureAsset Market

FutureAsset Market

Capital Craft

Capital Craft

Smart Trading

Smart Trading

AFC LIVE

AFC LIVE

Mercury Capital

Mercury Capital

Stock Market Worldwide

Stock Market Worldwide

Virtual Markets

Virtual Markets

vertexcapglobal.live

vertexcapglobal.live

Binary Standard Trading FX

Binary Standard Trading FX

Experts Option Trading

Experts Option Trading