Company Information

Get to know GDMFX

GDMFX, officially Global Derivative Capital Markets NZ Limited, was established as a financial services provider offering online trading in foreign exchange (forex), commodities, and indices. The company primarily targeted the global retail trading market, providing access to the popular MetaTrader 4 (MT4) platform. However, its history is marked by significant regulatory issues, starting with the cancellation of its registration by New Zealand's Financial Markets Authority (FMA) in 2015. Following this, numerous international financial regulators issued warnings against the firm for operating without authorization, and the company eventually ceased operations amidst widespread customer complaints regarding withdrawal issues.

Industry

Forex Retail BrokerPRIMARY
Financial Other Service

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GDMFX

New Zealand

Founded in

N/A

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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Markets.com

(326 reviews)

United States

2008

(18 years)

Security Information :

FSCA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.