GFM Trader has done a lot of promotions in the past and they really claim to offer some lucrative advantages. But can this broker be really trusted or is GFM Trader a Scam?

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We ventured into our search to find this out. We have gathered that this broker rates average on Google trends and has been around for quite some time in the industry. We display their low results in the graph which can be found below.

Since we are still researching about this broker, we cannot say for sure that this broker is 100% legit. In order to be sure of our traders’ satisfaction we recommend you to Proceed to SafetyProceed to Safety OR choose one from the list of Top Trustworthy Binary Option Brokers:

Top 3 Brokers January 2018

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GFM Trader Review

GFM Trader was founded in 2011 by a team of traders. It is believed that this aspect gives them an advantage over the other brokers in the industry because they are able to understand the needs of their traders better. Their well designed website managed to catch our eyeballs, but when we paid more attention, we did not find any special features that set them apart from the rest. They are an average broker with average features and basic learning materials on their website.

During our investigation, we looked for more information about this broker so as to help you decide whether they are right or you or not.

Is GFM Trader a Scam?

When we started our investigation, we became quite suspicious that GFM Trader could be a scam. But, this is not true. GFM Trader is not a scam. They have been in business from a long time but they don’t seem like a favourite choice for many traders and the reason for this is simple. They don’t offer anything unique to enhance trader experience. They also don’t have a mobile app that can make trading easy and convenient for traders. Their tools and special features are basic and this is the reason we don’t really think you can have a great experience trading with them. At the moment we don’t recommend them.


Trading Platform

GFM Trader is powered by Tradologic software. But, they don’t yet have a mobile application to make trading convenient. The web based browser is simple to use and there is no need to download any software as well. Traders don’t have access to a demo account, but they do have basic educational materials on their website. Traders can also get access to market recaps.

Account Types and Bonuses

There are several account types that traders can choose from at GFM Trader. The first type is the Mini Account which can be set up with a deposit of just $200. The second type is the Standard Account that starts with a deposit of $1000. Then we have the GFM Trader Account which can be opened with $5000. The GFM Trader Pro Account can be opened with $10,000 and lastly, there is the GFM Trader Investor Account that requires a deposit of $50,000. Bonuses depend on the account type and range from $20 to 100%.

How to Get Started?

  1. Sign Up – traders are required to complete a sign up process to be able to start trading at GFM Trader.
  2. Trade and Profit – It is possible to make profits if the trades are successful.
  3. Withdrawal – Traders who execute profitable trades can request their earnings by submitting a withdrawal form.

Deposit and Withdrawal Procedures

Payments can be made using a variety of methods. These include MasterCard, Visa, bank wire transfer, Neteller and UCash. Currencies which are accepted include AUD, USD and EUR. The minimum deposit amount is $250 and the minimum amount needed to request a withdrawal is $100 which we believe is quite high compared to the industry standard.

It takes about 3 days for withdrawals to be processed provided you meet all their requirements and submit all the necessary documents that are needed for verification. The first withdrawal is free for the month, but traders have to pay a 3% fee for subsequent withdrawals.

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Customer Support

We cannot say that their customer support service is very efficient because when we tried to contact them, they replied fairly quickly, but took a long time to solve a simple issue. They offer support in Turkish, French and English. Traders can reach them via email, phone or live chat.

Pros:

  • Works on Mobile Devices
  • Customizable Features & Tools
  • Extensive Education Section

Cons:

  • Minimum Language Support
  • Suited to Professional Traders
  • Not Easy to Use Interface

Conclusion

After our expert investigation we independently tested all the services and features that GFM Trader offers to its traders. We have given you the most important information about GFM Trader and the general conclusion is that there are definitely more reputed brokers than this one with higher overall score.

We cannot confirm you that GFM Trader is a scam, but neither can we guarantee you its safety nor legitimacy.

We are making continuous research to find out the most legitimate and trustworthy Binary Options Brokers – all approved to be safe and reliable. We recommend you to Proceed to Safety or to Choose a High-Rated Broker on Top10BinarySignals.com

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OR

Or Select Another Broker From Our List

After our expert investigation we independently tested all the services and features that GFM Trader offers to its traders. We have given you the most important information about GFM Trader and the general conclusion is that there are definitely more reputed brokers than this one with higher overall score.

We cannot confirm that GFM Trader is a scam, but neither can we guarantee its safety nor legitimacy.

We are making continuous research to find out the most legitimate and trustworthy Binary Options Brokers – all approved to be safe and reliable. We recommend you to Proceed to Safety or to Choose a High-Rated Broker on Top10BinarySignals.com

Trust_logos_top10_BSIG_1_new

OR

Choose Top Safe Broker




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Aaron

Aaron

Hi!
I am Aaron Daughtry and this is my blog about Binary Options Brokers, Signals Providers and Auto Trading Systems.
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