GDMFX
Sharekhan
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Overview
GDMFX was founded in 2012 and is headquartered in Anguilla, while Sharekhan was established in 2000 and is based in India. GDMFX holds licences including Unregulated, while Sharekhan is regulated by Securities and Exchange Board of India (SEBI) among others. GDMFX serves 10,000+ clients worldwide; Sharekhan has 1,500,000+. The minimum deposit is $100 at GDMFX and $0 at Sharekhan.
| Feature | GDMFX | Sharekhan |
|---|---|---|
| Min. Deposit | $100 | $0 |
| Regulation | Unregulated | Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange |
| Founded | 2012 | 2000 |
| Country | Anguilla | India |
| Clients | 10,000+ | 1,500,000+ |
Fees
Fees are a critical factor when choosing between GDMFX and Sharekhan, directly affecting your bottom line as a trader. Sharekhan has a lower barrier to entry with a minimum deposit of $0 (vs $100 at GDMFX). Sharekhan charges withdrawal fees while GDMFX does not, giving GDMFX an edge for frequent withdrawers. GDMFX charges deposit fees; Sharekhan does not. Overall, Sharekhan scores higher on fees in our assessment.
| Feature | GDMFX | Sharekhan |
|---|---|---|
| Min. Deposit | $100 | $0 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | Yes |
Platforms
GDMFX offers MT4, MT5, cTrader, while Sharekhan supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | GDMFX | Sharekhan |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how GDMFX and Sharekhan compare. Sharekhan runs regular live webinars; GDMFX does not. Both provide video tutorials. Sharekhan publishes daily market commentary; GDMFX does not. Both integrate third-party research tools. Sharekhan maintains an archive of past webinars for on-demand viewing. Sharekhan scores higher overall in education and research.
| Feature | GDMFX | Sharekhan |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. GDMFX accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Sharekhan supports 1 (bank transfer). GDMFX uniquely supports credit/debit card among the two brokers. GDMFX scores higher on deposit and withdrawal flexibility.
| Feature | GDMFX | Sharekhan |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | No |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both GDMFX and Sharekhan offer live chat support. Both provide phone support. Email support is available at both brokers. GDMFX supports 2 languages and Sharekhan supports 13, giving Sharekhan broader global reach. Both brokers are comparable on support quality.
| Feature | GDMFX | Sharekhan |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce |