GDMFX dont want to process my withdrawals of total 41 754 USD. The first withdrawal was submitted on 20.10.2017 (over a month ago). Since then, I am getting only shitty excuses and ignorance. I really recommend to read the whole horror story…
First of all, I was getting excuse that they cannot pay me because of limits from their bank. 13 days after my first withdrawal request, my GDMFX account manager Andrey Grinkevich called me to inform me that there was extreme volatility on the pair I traded, their liquidity provider doesnt want to to pay because of it and they cannot process my recent 15K withdrawal. Instead of it, they kindly offered me 15k bonus that I can withdraw after I trade some huge volumes. I answered that they can keep their generous offer and I wanted the profits that belong to me. He also ensured me that I will get the rest of the money on my GDMFX accounts (26 754 USD). After few days, he called one again and told me that they will have a meeting where they decide what to do next and he will inform me about the result. Well, it is already over 20 days since the promissed meeting and I have no update at all, this guy Andrey doesnt respond to me anymore, they dont respond even from the official email customersupport@ and on live chat, they just say they dont have info and I should wait wait wait… And guess what - my last withdrawal of the rest of my funds (that I made 20 days ago and Andrey assured me I will get these funds) is already 7 working days in delay (!!!) .
I discovered there is more traders in the exact situation as me so it is indicates that GDMFX is now in situation that they cannot (or dont want) to pay profits and deposits anymore.
What also really sucks here is that GDMFX dont want to reveal who their liquidity provider is. There are rumors out there that they are b-booking trades on all account types so there is no liquidity provider and they just use this as excuse to not pay out profits. They cannot just say "Hey, our liquidity provider doesnt want to pay your profits and sorry for that, but we cannot tell you who it is."
What sucks even more is their "regulator" FDR (Financial Dispute Resolution Scheme). GDMFX says if there is any problem, you can solve with them. But if you ask FDR, they reply that they can only solve cases of NZ citizens. And guess what - GDMFX dont accept NZ traders. So there is NO WAY you get any help from FDR, their registration there is just a useless formality. They have NO REGULATOR at all.
They say that my recent trades were made during extreme volatility, but this is total bull**** - it was swing trades on USDTRY that had duration about 1 month, the profit has been generated for weeks so their excuse is absolutely not acceptable.
They say it comes from liquidity provider that doesnt want to pay some recent profits but hey, why they dont return at least the deposits at this stage? I see in reviews from other traders that I am not alone who cannot get from them even the deposits. This indicates that something very suspicious is happening here and GDMFX are in big troubles.
I kindly invite GDMFX here to explain all their lies, all the mist about recent events and mainly - when and how they plan to return our goddamn money.
First of all, I was getting excuse that they cannot pay me because of limits from their bank. 13 days after my first withdrawal request, my GDMFX account manager Andrey Grinkevich called me to inform me that there was extreme volatility on the pair I traded, their liquidity provider doesnt want to to pay because of it and they cannot process my recent 15K withdrawal. Instead of it, they kindly offered me 15k bonus that I can withdraw after I trade some huge volumes. I answered that they can keep their generous offer and I wanted the profits that belong to me. He also ensured me that I will get the rest of the money on my GDMFX accounts (26 754 USD). After few days, he called one again and told me that they will have a meeting where they decide what to do next and he will inform me about the result. Well, it is already over 20 days since the promissed meeting and I have no update at all, this guy Andrey doesnt respond to me anymore, they dont respond even from the official email customersupport@ and on live chat, they just say they dont have info and I should wait wait wait… And guess what - my last withdrawal of the rest of my funds (that I made 20 days ago and Andrey assured me I will get these funds) is already 7 working days in delay (!!!) .
I discovered there is more traders in the exact situation as me so it is indicates that GDMFX is now in situation that they cannot (or dont want) to pay profits and deposits anymore.
What also really sucks here is that GDMFX dont want to reveal who their liquidity provider is. There are rumors out there that they are b-booking trades on all account types so there is no liquidity provider and they just use this as excuse to not pay out profits. They cannot just say "Hey, our liquidity provider doesnt want to pay your profits and sorry for that, but we cannot tell you who it is."
What sucks even more is their "regulator" FDR (Financial Dispute Resolution Scheme). GDMFX says if there is any problem, you can solve with them. But if you ask FDR, they reply that they can only solve cases of NZ citizens. And guess what - GDMFX dont accept NZ traders. So there is NO WAY you get any help from FDR, their registration there is just a useless formality. They have NO REGULATOR at all.
They say that my recent trades were made during extreme volatility, but this is total bull**** - it was swing trades on USDTRY that had duration about 1 month, the profit has been generated for weeks so their excuse is absolutely not acceptable.
They say it comes from liquidity provider that doesnt want to pay some recent profits but hey, why they dont return at least the deposits at this stage? I see in reviews from other traders that I am not alone who cannot get from them even the deposits. This indicates that something very suspicious is happening here and GDMFX are in big troubles.
I kindly invite GDMFX here to explain all their lies, all the mist about recent events and mainly - when and how they plan to return our goddamn money.