GFM Trader was established by qualified professionals in 2011 from the financial industry who together had more than 35 years of experience in the markets across three continents. This broker presents an incredibly sophisticated trading platform and base their success upon providing a range of excellent trading tools as well as the most popular tradable assets and high payout rates. GFM Trader has a strong global presence, attracting clients from all over the world and takes pride in offering an outstanding range of educational resources to assist newcomers to the trading markets. If you are looking for a new binary options broker, this GFM Trader binary options broker review gives you all of the essential details that you require to make an informed decision as to whether this is the right broker for you.
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GFM Trader Account Types and Tradable Assets
GFM Trader offers a number of different account types to suit the requirements of the varied types of investor. Their basic level Mini account requires a minimum deposit of $200 and brings with it the benefit of a daily technical analysis video tutorial as well as a single daily signal. This is a good choice of account for novice investors who are still finding their feet in the financial markets. For those with a little more experience, the Standard account requires a $1000 deposit and brings with it several perks such as two trading signals each day, 1 to 1 training, a daily review of market events, a 30% bonus and a daily technical analysis video. The GFM Trader account is the next step up and requires a $5000 deposit. Account holders of this type receive a 50% bonus and receive three risk free trades as well as all of the benefits of the Standard account. The Trader Pro account is for more serious investors, requiring a deposit of $10,000. In return, the investor receives a 60% bonus, one hour of free online training, five risk free trades and a free gift of an iPad, iPhone or Samsung device once they have reached a turnover of $60,000. GFM’s top level account for professional traders is the Investor Account which requires a deposit of $50,000. Account holders benefit from a 100% bonus as well as 3 hours of online training, 10 risk free trades and a free MacBook Air once a turnover of $100,000 has been reached. This broker offers a great choice of assets for trading including more than 10 different commodities. They also offer over 100 stocks, 15 currency pairs and 22 indices, meaning that there is more than enough choice to keep any investor happy. Option contract types including traditional High/Low as well as One Touch, Long Term, Touch Options, Range Options and 60 Second Options and expiry periods extend from 60 seconds up to 1 hour.
GFM Trader Trading Platform
GFM Trader uses the popular Tradologic trading platform which is technologically advanced and very easy to use. Professional and stable, this is platform is intuitive enough even for novices to use with ease. There is an excellent range of risk management tools on this platform including the Stop Loss tool which allows the investor to stop an unexpired option and retrieve the majority of their funds from a potentially unsuccessful trade and risk management tools which allow the trader to buy extra time for a price trend reversal. There is also a handy Double Up option which is an excellent way for traders who are sure of their skills to increase their profits by investing more funds. The trading platform also has a helpful educational section featuring their trading academy. This section offers video tutorials and guides to trading which is an essential resource for those who are new to binary options trading.
GFM Trader Customer Service and Banking Options
The GFM Trader website offers plenty of support to users including a handy FAQ section which provides enough detail to address most problems that investors are likely to encounter. This should be the first port of call for anyone experiencing difficulties, however if problems persist or if there are more involved issues, it is possible to contact the customer support team by one of the several methods including email, telephone helplines or the live chat facility. The representatives are knowledgeable and respond promptly, offering support in three different languages – English, Turkish and French. There is also the possibility of contacting GFM Trader via Skype, which is a welcome channel of communication that is likely to appeal to anyone who is looking for a quick and effective way of speaking to a representative.
This broker accepts several different payment methods including the most common choices of credit card, debit card and bank wire transfer. Clients are also able to use most of the most popular e-Wallet methods such as PayPal and Neteller to deposit funds into their account. It is possible to make three credit card transactions each day up to a maximum of $5,000 but larger deposits are able to be made via the bank transfer method. Accounts can be opened in one of three primary currencies – Australian Dollars, US Dollars and Euros. The minimum deposit amount accepted by this broker is $250 and there is a $100 minimal withdrawal limit. This is not ideal, especially for novice traders who are only trading with small sums of money at first. Withdrawals are processed rapidly, within three days, and first withdrawals are charged no fee, although subsequent transactions will attract a fee of 3%. There is a maximum amount set on withdrawals at $9,900 each month.
GFM Trader is a good choice of broker for both novice traders and those who trade professionally thanks to the many and varied account types on offer. There are plenty of assets available for trading which is adequate to keep everyone satisfied and a good range of payment methods to suit every preference. Add to that the high quality customer service and it is easy to see why GFM Trader is a popular choice of broker.