XM vs GDMFX, 2024 Update
XM Rating
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GDMFX Rating
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77.29% of retail investor accounts lose money when trading CFDs with this provider. |
Losses can exceed deposits |
XM vs GDMFX Guide |
Read our In-Depth XM vs GDMFX Review - 2024 Update
This review comparing XM and GDMFX has been updated to reflect any changes for 2024 by industry experts with significant expertise in Forex, Social Trading, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of XM vs GDMFX does not apply to all countries as follows:
XM Excluded Countries
Canada, Israel, and United States of America.
GDMFX Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare XM vs GDMFX
All online trading platforms feature a few advantages and disadvantages, and a complete review of XM and GDMFX cannnot be regarded as thorough without having a fair assessment.
Examine GDMFX and XM to get a better understanding of just how these platforms line up against one another before you decide to create an account. Performing a comprehensive comparison can place factors into perspective so that you're informed about what you should anticipate.
So you are looking for an online trading platform and are choosing between XM or GDMFX. Who should you choose?
This XM vs GDMFX comparison contains the latest information so you can easily compare GDMFX against XM.
If you're a new entrant in the realm of trading and brokers, so many facts will be confusing for you. Getting into the world of trading demands expert analyzing skills and comprehensive understanding. You will get adept at all the concepts of broker as you keep trading. For starters, you have to choose the right agent who'll be clear with you constantly.
In this fast-paced universe of stock markets and trading, you'll need advice to make correct decisions. A professionally lead investment plan has the potential to generate hefty returns. XM and GDMFX are just two such platforms which will take you along with your investment to great heights. It's crucial that you compare XM vs GDMFX before you trust them with your cash.
Our XM vs GDMFX comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust XM and GDMFX side by side.
Our full XM vs GDMFX Review covers everything you need to know about trading with either XM or GDMFX. A good agent can multiply your initial investments and provide you positive profits. If you would like to earn profits, you should trade with a brokerage service that aligns with your investing objectives.
There is no sure-fire way to ensure profits; therefore, you must carefully assess your broker before you choose them. It's a frequent misconception that all agents are exactly the same, but that's not true. Wrong judgment, initially, can put your investments at risk.
XM and GDMFX are both brokers that have forged their way successfully into the broker world. In this review, we have attempted to collate a number of the vital facets of both XM and GDMFX. This review will allow you to understand whether either GDMFX or XM is a fantastic fit for your investments or not. We have attempted to breakdown all of the qualities and charges for your convenience.
Benefits of XM and GDMFX Compared
XM offers a minimum deposit of $5 while GDMFX offers a $100 minimum deposit.
Why smaller minimum deposits are good and how XM and GDMFX compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
XM has around 100 financial instruments while GDMFX allows you to trade around 100 available.
The more financial instruments you can trade on the XM and GDMFX platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you never want to miss out on a trading opportunity due to the limitations of XM or GDMFX.
XM and GDMFX Contact Details
Being able to contact your broker through many ways is vital. XM and GDMFX have the following contact details and social medias that you can use.
Broker | XM | GDMFX |
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Telephone Number | +357 250 29933 | |
support@xm.com | ||
Address | 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus | |
XM Twitter Account | GDMFX Twitter Account | |
XM Facebook Page | GDMFX Facebook Page | |
XM Instagram Account | GDMFX Instagram Account | |
XM LinkedIn Page | GDMFX LinkedIn Page | |
YouTube | XM YouTube Channel | GDMFX YouTube Channel |
Find Out More |
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GDMFX and XM Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
This part of comparing XM and GDMFX will examine whether their mobile app meets all our requirements.
We rate overall the user-friendliness of both apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
Although most brokers do OK in this area, there are some bad apples out there. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
XM vs GDMFX - Awards
Broker | XM | GDMFX |
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Awards |
XM have won numerous industry awards over the time they have been running as a financial broker. We list the most notable awards for XM here.
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At the time of writing this GDMFX review, and despite GDMFX’s impressive offering, the company has surprisingly not garnered any awards to date. |
Find Out More |
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XM vs GDMFX - Frequently Asked Questions
XM vs GDMFX - Headquarters And Year Of Founding
XM was founded in 2009 and has its headquaters in Cyprus.
GDMFX was founded in 2012 and has its headquaters in Anguilla.
What is the minimum deposit for GDMFX or XM
The minimum deposit for XM is $5.
The minimum deposit for GDMFX is $100.
Depending on your current situation, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both XM and GDMFX are a good option.
XM vs GDMFX - Regulation And Licencing In More Detail
XM is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
GDMFX is regulated by Unregulated.
GDMFX is unregulated but XM has a powerful set of rules for ensuring honest trading onto its platforms. For data encryption purposes, they supply industry-standard secure socket layer (SSL).
In accordance with their privacy policy, customer data is never to be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare XM vs GDMFX Commission And Fees
XM and GDMFX are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the businesses of online trading platforms are scaled better. That is, an internet broker isn't necessarily influenced by the number of customers they have.
But this does not necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to earn money. There are primarily three different types of penalties for this purpose.
The first sort of fees to keep an eye out for are trading charges. When you make an actual trade, like purchasing a stock or an ETF, you are billed trading charges. In such cases, you're spending a spread, funding speed, or a commission. The kinds of trading fees and the rates differ from broker to broker.
Commissions could be fixed or determined by the traded volume. On the other hand, a spread refers to the difference between the buying and selling cost. Funding or overnight prices are those who are billed when you maintain a leveraged position for more than daily.
Aside from trading fees, online agents also bill non-trading fees. These are dependent on the activities you undertake on your accounts. They are charged for operations like depositing cash, not investing for long periods, or withdrawals.
Generally, neither XM or GDMFX charge high fees compared to other online agents. For operations other brokers fee for, they do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for people who regularly exchange, such as daily or weekly trading.
But, non-trading fees billed by XM and GDMFX are relatively lower. As a result, you're billed more for non-trading actions in your trading accounts, like withdrawal and deposits. These are not about the purchase and sale of assets.
This XM vs GDMFX review for 2024 breaks down every one of the applicable non-trading charges for you in detail.
Compare Broker Fees For XM And GDMFX
What Languages Do XM And GDMFX Support?
Being able to talk completely with your trading broker is a key element when comparing trading platforms to find the best broker. Not only for support but to be sure you understand everything on their site and inside their app as it is a key part of success when trading online.
Here you will find the languages that both XM and GDMFX offer communication in.
How Many Clients Do XM and GDMFX Have?
Both XM and GDMFX are well established with their client base. It is important to work with a broker that is professional and one of the most simple ways of establishing this is by knowing how many customers they already work with.
Below you will find details of how many customers XM and GDMFX are working with
Broker | XM | GDMFX |
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Clients / Users | 3,500,000+ | 10,000+ |
Find Out More |
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What Payment Methods Do XM and GDMFX Accept?
XM and GDMFX both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at XM and GDMFX
What Can You Trade With XM and GDMFX?
XM offers 100 trading instruments while GDMFX offers .
Below you will find a full breakdown of what both XM and GDMFX offer.
XM Review
XM vs GDMFX:
Table Of Contents
- Compare XM vs GDMFX
- Benefits of XM and GDMFX Compared
- GDMFX and XM Mobile App Comparison
- XM vs GDMFX - Awards
- XM vs GDMFX - Frequently Asked Questions
- What is the minimum deposit for GDMFX or XM
- XM vs GDMFX - Regulation And Licencing In More Detail
- Compare Broker Fees For XM And GDMFX
- What Languages Do XM And GDMFX Support?
- How Many Clients Do XM and GDMFX Have?
- What Payment Methods Do XM and GDMFX Accept?
- What Can You Trade With XM and GDMFX?