Got Money FX Reseña

On-line since: -
Country of origin: Australia
Regulation: ASIC
Payment options: -
Minimum account size: -
Minimum lot size: 0.1 lot
Leverage: up to 1:400
Spreads: variable

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:

• regulated broker;
• offers Forex advisors and a demo account.

Disadvantages:

• information about the trading services is insufficient (the deposit size or commissions);
• support service is available only via e-mail.