Deposit Fee Waiver

Deposit Fee Waiver

 


Wire Transfer Fees 

GDMFX can reimburse the expenses incurred by its clients when making a deposit by international wire transfer, depending on the deposited amount.
 

While GDMFX does not impose any charges on its Clients for processing deposits sent via international wire transfer, sometimes the sending bank and intermediary banks might collect certain fees and commissions on the customer’s end. These expenses do not depend on GDMFX, and the company has no control over them, but it can, however, reimburse them.
 

  • Clients who make a deposit of at least USD 500.00 or its equivalent in another currency in a single wire transfer are eligible to receive a reimbursement of the Intermediary Bank charges.

  • Clients who make a deposit of at least USD 1,000.00 or its equivalent in another currency in a single wire transfer are eligible to receive a reimbursement of both the Intermediary Bank charges and their Sending Bank charges.
     

In order to apply for the reimbursement, clients have to send a request to Accounts@gdmfx.com attaching a scan of an official bank document confirming the fees which the client has paid. Such a document can be a wire transfer confirmation from the sending bank or a SWIFT MT103 confirmation.

Example: A client deposits USD 500 to GDMFX via wire transfer. The Client’s bank collects a fee of USD 30 for the transfer, and its intermediary bank deducts another USD 10 of fees and commissions. At the end of the day, GDMFX receives USD 460 which it adds to the Client’s Trading Account Balance.
 

  • If after making the wire transfer, the Client contacts GDMFX to request a reimbursement and presents the proper bank document to prove the incurred fees, GDMFX will reimburse the Intermediary Bank fees of USD 10.00 and will add these funds to the balance of the Customer’s Trading Account.

  • If the amount of the Customer’s wire transfer is USD 1,000.00 or above, then GDMFX could reimburse both the USD 10.00 charged by the Intermediary and the USD 30.00 charged by the Sending Bank.

Please note, GDMFX will cover the fees and commissions described above up to a maximum of USD 70.00 per wire transfer. 

Local Deposit Fees

All Commissions charged for deposits processed via Local Deposit Method are automatically covered by GDMFX as per the our Deposit Fee Waiver Policy for Local Deposit Methods.

For more information, do not hesitate to contact our Customer Support department!

 


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