GMO Trading Review
FXBonusOffer logo
Ad left
Ad right

GMO Trading

(1) Comments

GMO Trading is a global online broker that puts at its client’s disposal multiple trading instruments that comprise forex, CFDs stock indexes, such as FISE Fuutures and DAX Futures, and commodities such as oil, GMO Trading caters to wide array of clients worldwide and is 24/5 customer service-available.

With GMO Trading, clients enjoy unlimited access to global financial markets through web-based platforms and downloadable software, anytime, anywhere. Its competent order execution with zero dealing desk involvement and high level of liquidity give clients the best trading experience on the web.

GMO Trading offered via the domain ‘www.gmotrading.com’ is an online brand name of Royal Forex Ltd. Royal Forex is a major Cyprus Investment Firms (CIF) authorized and regulated by Cyprus Securities and Exchange Commission (CySEC) under license number 269/15.

GMO Trading Regulatons :

As a financial services provider that is based in Cypus. GMO Trading comes under the jurisdiction of the Cyprus Securities and Exchange Commission (CySEC). It is authorized by CySEC under the CIF license number 269/15. This meant GMO Trading is MiFID acquiescent and is authorized to offer its services to traders in member states within the European Economic Area (EEA).

GMO Trading Reliability :

From Starting GMO Trading is regulated by CySEC, it is necessary to operate within strict regulatory strategy and in a fair and moral manner. Another positive characteristic of being regulated by CySEC is the obligation imposed by CySEC that all its licensed brokers be a member of the Investor Compensation Fund. Under this scheme, clients of authorized brokers such as GMO Trading can file a claim for compensation should ever their broker runs into insolvency issues. The maximum coverage provided under the scheme is 20,000 Euros.

GMO Trading Asset Selection :

As far as tradable assets are concerned, it is safe to say that Forex is the bread and butter of GMO Trading’s offer. Their Forex selection features scores of currency pairs, high liquidity and excellent trading conditions.

By excellent trading conditions, we clearly mean low spreads first and greatest, as well as outstanding leverage, which in this case translates to a maximum of 1:500. As far as spreads go, on the EUR/USD pair, which is of course the king of the majors, the minimum spread is just 0.7 pips. The spreads are changeable though and they can be as high as 55+ pips on pairs like the GBP/ILS for instance.

In the indices department, the offer is just as generous and diverse. The trading conditions are not quite as wild as they are with Forex pairs. The lowest spread in this section is 0.8 pips, and the maximum available leverage on all indices-based assets is 1:125.

The commodities section does not disappoint either. It covers scores of tradable assets, opening with mainstays such as XAU/USD (Gold) and XAG/USD (Silver), and covering up with exotics such as cotton, orange juice and corn.

GMO Trading offers the Following Trading Platforms :

Web Trader : Web Trader offers unlimited web-based trading across a variety of devices without no need for further downloads. Traders enjoy analysis, news, graphic interpretations, real time monitoring and full control of assets at the comfort of a browser window.

MetaTrader4 : The most popular trading software capable of performing precise anylysis of financial markets and trading operations through an easy-to-use interface.

Mobile App : The multifunctional features of GMO Trading’s mobile trading app and its user-friendly interface let traders run their accounts, initiate new transactions and monitor their investments anywhere any time.

GMO Trading provides demo accounts to let novice investors familiarize themselves with platforms and skilled traders to test the efficiency of their strategies in a risk-free environment. No fees will be charged for 14 days.

GMO Trading Trade Types/Instruments :

For trade types, GMO Trading offers access to the spot forex market and CFDs market. At present, GMO Trading coverage of the markets includes 48 currency pairs, 17 types of commodities and 81 different types of international stocks.

GMO Trading Account Types :

GMO Trading does not specify the type of trading accounts that they have. Nevertheless, from our research, they require a minimum deposit of $100 to open an account with them. In addition, they also have an ECN account for those who wish to trade the markets on raw spreads.

GMO Trading Commissions & Spreads :

The spreads at GMO Trading are competitive with the minimum spread reaching as low as 0.5 pips. To get a better idea of the spreads that you will find at GMO Trading, you can refer to the following table bellow :

Instrument

Spreads (in pips)

EUR/USD

0.7

GBP/USD

1.3

EUR/CHF

1.9

USD/JPY

0.8

EUR/JPY

1.1

Dow Jones

1.45

Nasdaq

0.9

SP500

0.8

Gold

0.37

Crude Oil

0.03

GMO Trading Deposit & Withdrawals Options :

Supported payment options at GMO Trading include the following :

  • Bank Wire Transfer
  • China Union pay
  • Credit Card
  • Fasapay
  • Neteller
  • Paypal
  • QIWI
  • QIWI
  • Skrill
  • Webmoney

The methods described above are available for both deposits and withdrawals.

GMO Trading Bonus & Promotions :

Due to the regulatory needs imposed by CySEC, GMO Trading does not offer any kind of bonuses or promotional offers.

GMO Trading Customer Support :

For customer support service at GMO Trading, you can reach out to the support team through email, live chat or the telephone.

Conclusion :

Regulated and wel-stocked tradable assets-wise, GMO trading ticks all the boxes in regards to trading conditions too. This no-nonsense Forex and CFD broker is indeed a more than decent trading destination for most. The minimum required deposit is just $250, which is also a major mark in the +column. 80% of investors lose money when trading CFDs with GMO Trading. Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.

This document has been composed with the free HTML converter which can be accessed here. Use it every time for document editing.

Min Deposit: 100
Max Leverage: 1:500
Mobile Trading: Yes
Web Trading: Yes
News Trading: Yes
Minimum Spreads: 0.4 pip
Free Demo Account: Yes
Mini Accounts: Yes
Islamic Accounts: Yes
VIP Accounts: Yes
Swap Free Accounts: Yes
Segregated Accounts: Yes
Managed Account: Yes
Scalping/Hedging: Yes
Website: Visit Website
Founded: 2017
Country: Cyprus
Headquarter: Arch. Makarios III Avenue, Achileos Building, Office 41, CY-3030 Limassol, Cyprus.
Regulation: Cyprus Securities and Exchange Commission (CySEC) 269/15
Phone: +357 25281660
Fax: No
Email: [email protected]
Website Lang: English, Russian, Deutsch, Italian, Espanola, Arabic
Base Currencies: USD/EUR
No Deposit Bonus: No
Welcome Bonus: Yes
Other Bonus: Free e-Book
Withdraw Options: Bank transfer, credit card, Skrill, Neteller, PayPal, Webmoney, QIWI, FasaPay, China Union Pay and More
Account Funding Methods: Bank transfer, credit card, Skrill, Neteller, PayPal, Webmoney, QIWI, FasaPay, China Union Pay and More

Broker Ratings:

5 Stars
67%
4 Stars
0%
3 Stars
33%
2 Stars
0%
1 Stars
0%

Write Your Comment

User Comments (1)

Thumb
Martha Edward
Mar 5, 2019 5:55 PM (GMT)
I lost 100,000 US dollars to trade12 .I have tried and tried to get my money back with no results. They don't respond. They ignore you. I was stupid to put in so much. I lost all my pension money and now I am broke because of Trade12. Their pre-markets are not real. All they want is your money and you will not see it again. I am so depressed. They play a real number on you when you want your money back because they will ask more and more to get it back, at the end they end up laughing at you. Many have committed suicide because of Trade12, but they don't care. They are heartless. I was so glad after working with a recovery expert who goes by the name Mr Gary Wilson, he was the one who helped me recover my funds from this heartless scam broker. I felt someone else might be needing his assistance. Feel free to contact him via his emailĀ address:[email protected] and he will guide you on steps to take and get back your funds.