GOTMONEY_FX

About company:

Got Money FX is an Australian derivatives and foreign exchange trader based in Brisbane, Australia.

 

Got Money FX provides a wide range of services and products specialized in derivatives and foreign exchange trading. Through partner networks, Got Money FX clients can receive education in futures, options, commodities and foreign exchange trading.

 

Got Money partners with brokers like AVA FX, Mirus Futures and Futures Path.

 

Got Money FX holds Australian Financial Services License No. 411323 and also offers ASIC licensing services and support for individuals or companies wishing to obtain an ASIC license or become an authorized representative.

 

Got Money FX has partnered with specialized brokerage firms to provide clients with access to a range of different markets. Clients can trade derivatives, foreign exchange, CFDs, options and futures with the broker's preferred partners.

 

Fund security

Got Money FX is licensed by Australia's sole regulator. ASIC monitors all activities of the financial market, as well as businesses and companies in Australia. The regulator has the right to audit any money transfer, regardless of whether they are commercial, investment or social. ASIC has repeatedly brought unscrupulous brokers to the surface. The regulator can influence the broker with fines or a ban on conducting financial activities, and even for life. Nevertheless, the level of confidence in ASICs is average. In the worst case, the regulator will not return the money to traders, will not have time to collect it from fraudsters, and will not prevent fraud. Therefore, if you are ready to invest large sums, we advise you to pay attention to brokers who work under the clear guidance of more stringent regulators, such as CySEC.

 

Trading conditions

Got Money FX provides data on spreads from its company and partner companies. Traders can see the spreads offered in the picture below.

 

It is worth noting that the 1.4 pip spread on EUR / USD is considered very profitable in the market.

 

Got Money FX offers traders to open an individual trading account, a joint trading account, a trust account. But the amount of the deposit is not announced, for this you need to contact the manager.

 

Available leverage is up to 1: 400.

 

Funding methods are also unknown, as well as the trading platform on which the broker trades.

 

Support service

The broker asks traders to contact support during business hours, but does not indicate opening hours. For communication, an e-mail address is specified, there is also a "call us" button, but the current phone number is not indicated. The only way to communicate is email. This is not enough. Modern brokers, in addition to phone and mail, also offer Skype support, and some even Viber or Whats app.

 

Criticism of traders

It was not easy to find any reviews about the company - as if they were being cleaned up. There are reviews on the network in which traders call GMFX a fraudulent company that does not pay money to its clients.

 

Pros:

 

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

 

Minuses:

 

the broker does not provide complete information about its trading services, for example, the size of the deposit or commission; support advises only via email.