On-line since: About the company: Got Money FX is an Australian derivative and FX broker headquartered in Brisbane, Australia. Got Money FX provides a wide range of services and products based on derivatives and foreign exchange trading. Through the partner networks, Got Money FX’s clients can get training in futures, options, commodities, and FX trading. Got Money cooperates with such brokers as AVA FX, Mirus Futures, and Futures Path. Got Money FX has Australian Financial Services License No. 411323. It also offers ASIC licensed services and support for individuals or companies who want to obtain an ASIC license or become an authorized representative. Got Money FX works with specialized brokerage companies to provide clients with access to different markets. Its customers can trade derivatives, currency pairs, CFD, options, and futures with privileged broker partners. Security of funds Got Money FX is licensed by Australia's regulator. ASIC controls all financial market activities as well as enterprises and companies in Australia. The regulator has the right to check any money transfer, regardless of whether it is commercial, investment or social one. ASIC has exposed fraudulent brokers many times. The regulator can prosecute the broker with a fine or a ban on conducting financial activities (even forever). Nevertheless, the level of confidence in ASIC is average. In the worst case, the regulator will not return money to traders or it will not have time to collect it from scammers, or it will not prevent fraud. Therefore, if you are willing to invest large amounts of money, we advise you to pay attention to brokers that work under the guidance of a more strict regulator such as CySEC. Trading conditions Got Money FX provides data on spreads from its own company and partner companies. Traders can see the offered spreads in the picture below. The spread of 1.4 pips on EUR/USD is considered very profitable in the market. Got Money FX offers its customers to open an individual trading account, a joint trading account or a trust account. However, the amount of the deposit is not given. So, you should contact the manager for further details. The leverage is up to 1:400. Deposit methods are also unknown as well as the trading platform. Support service The broker asks its customers to contact the support service during business hours but does not specify its opening hours. Traders can contact the support service by e-mail. There is also a call-us button but the actual phone number is not specified. The only way of communication is e-mailing. That's not enough. Nowadays, apart from the phone number and e-mail, modern brokers also offer support via Skype and even Viber or Whatsapp. Feedback It was not easy to find any reviews about the company as if they were deleted. On the Internet, there are many reviews where traders call GMFX a fraudulent broker that does not pay off money to its customers. Advantages:
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GMFX Funds Management is definitely a FRAUD company! You will not see your money again!
Got Money FX is a largest and reliable brokerage company. Their site has all the resources that I need for successful trading. A lot of instruments, good bonuses and they allow hedging which the most important thing for me. I especially be grateful for their fast and reliable system of getting cash. No problems with withdrawals. Really great broker!!!
I've experienced a professional platform with Got Money FX broker. Really their service is awesome and my investment is profitable. As I could trade a tight spread and stable platform in the market. Also, I could trade from anywhere by their Mobile platform. I could withdrawal through Neteller within a day Neteller. Even I could get earnings by following the expert analysis on the website of them. I think Got Money FX broker's all service are well designed and accessible.
Got Money FX reached out to me and tried to convince me to invest with them. Their offers were tempting, but of course, I did not decide hastily. I checked their website and it was disappointingly lacking. There were not enough information about the company and it is risky to trust this kind of company.
They do not have a complete set of instruments that why I still prefer to invest to other brokers. The other reason why I don't like them is that the staff are not accommodating. Although minimum deposit is acceptable and everybody can access to this market, trading conditions are not suitable. Spreads are too high and there is too much volatility in trading sessions. Also, support reps are not polite with you and delay in their replies. I neither could to trade with this company because my deposit never was transferred to my trading account.
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