"Conditions are not bad, a big leverage, with me politely communicated."

Broker Information

  • Company Name: GMO Trading
  • Founded: 2017
  • Country: Cyprus
  • Phone: +35722007575

Platform Info

  • Platform: MetaTrader 4
  • Web Based: Yes
  • Mobile Trading: Yes

Broker Services

  • Regulators: CySEC, FSB
  • Minimum Deposit: $250
  • Leverage: 1:500
  • US Clients: No
  • Funding Methods: Debit/credit cards, Wire Transfer

GMO Trading Review

The GMO trade seems to focus on keeping its offer as simple as possible, while at the same time giving its operators all the tools they might need to succeed. With these tools, beyond everything else, we refer to the MT4 trading platform, as well as the impressive set of educational material available on the site. The GMO trade is regulated and fully compatible with MiFID. Why would you consider it as your main destination for online commerce?

Launched in 2017, the brokerage is by no means an industry veteran. You could say that it is one of those operations that obviously have a lot to prove, and in this sense, GMO Trading is certainly willing to put your offer where your promotional copy is.

However, the About Us section of the agent’s website does not make a particularly good impression. There is nothing there that attracts the visitor’s attention and does not say much about the operator either. Fortunately, the footer on the entire website is much more generous in this regard. Through it, we learned that the corporate entity that currently executes the operation is certain Royal Forex Ltd, based at Prodromou & Demetracopoulou 2, 4th Floor, 1090, Nicosia, Cyprus. The company is, in fact, an investment company registered in Cyprus (its registration number is HE336694) and, as such, is a member of the compensation fund for investors. What this means is that merchants who lose their deposits in the event of a sudden bankruptcy of a broker, will have their money refunded by the authorities.

As already mentioned in the introduction to this review, the GMO trade is regulated by CySEC. The operator’s license number is 269/15, which is interesting, since the brokerage was only launched in 2017. They were probably licensed 2 years earlier or, more likely, they worked under a different brand.

The CySEC license mentioned above means that the broker is fully compatible with MiFID, which allows him to legally sell his services throughout the EEA.

In addition to the CySEC license mentioned above, GMO Trading is also registered with a number of national regulatory agencies, such as the FCA of the United Kingdom, Norway and the Finanstilsynet of Denmark, the AFM of the Netherlands and the IF of Sweden.

Being an operation licensed by the EEA, GMO Trading only accepts operators from the EU. US traffic is not accepted UU Or the traffic that originates in other parts of the world (like Australia).

Breaking the current dominant trend of CFDs based on cryptocurrencies, GMO Trading does not offer such commercial instruments.

Transparency is, in fact, one of the main points of sale of the brokerage. Documents related to various operational aspects (such as the Security of Merchants’ Funds, the AML and KYC policies observed by the brokerage, etc.) are available in full on the website.

Support

You can contact the GMO Trading support by email. They offer two options in this regard: [email protected] and [email protected] Support emails are usually answered within 24 hours.

There are also two phone numbers available: +357 22007575 for Cyprus and +44 2039364444 for the United Kingdom.

GMO Trading Products

The selection of assets and marketable markets is surprisingly massive in GMO Trading. They cover foreign exchange, indices, commodities and stocks, and their commercial conditions are mostly good.

Your Forex selection covers dozens of currency pairs, from the largest to the exotic. The maximum available leverage is 1: 500 in the coins, which is really impressive. However, none of the other markets has such outstanding leverage.

In regards to spreads, they can be as low as 0.7 pips in a pair like the EUR / USD. However, in more exotic pairs, such as the EUR / ILS, the minimum differential is as high as 47.6, which is quite understandable, considering the disparity in the trading volume involved. It should be noted that spreads are variable.

In the indices, the commercial conditions are quite different. The maximum leverage available on these instruments is 1: 125. Spreads also vary widely here, but can be as low as 0.32 on the US dollar index, for example. If you are planning to exchange indexes, be sure to check the trading hours, since these products are not available at all times, such as coins.

Turning to raw materials, the maximum available leverage remains at the 1: 125 mark. However, the minimum differential in this category can reach ridiculously low levels: in RBOB Gasoline, for example, the minimum differential is only 0.0007 pips . The quantity and diversity of marketable products is impressive. In addition to gold, silver, oil and gas, soy, wheat and corn can also be marketed, along with palladium, cotton and even orange juice.

The category of shares is divided into two subcategories: US and European shares. The maximum leverage available in all of them is 1:50. The minimum spreads are 0.21, although in some European stocks they can go down to 0.021.

GMO Trading Platforms

In this sense, the GMO trade seems to be committed to keeping things as simple as possible.

Web Trader is the access option for most beginners, since it can be accessed with a few clicks directly from the website and offers a practical demo option, which allows all interested to test their functions without put real money. in danger. This platform is compatible with most major browsers and, in fact, can be accessed without downloads from almost anywhere in Europe. In addition to the obvious advantages derived from its web-based nature, this platform also offers execution of operations with a single click. Advanced graphics options are available, along with an impressive selection of technical indicators. Visual trends and commercial cubes are presented as well.

As previously mentioned, MT4 is the flagship platform of the brokerage. It is available for download on the site, free of charge, and can be installed in a couple of minutes. Operators can also choose a demo account on this platform.

MT4 is famous for the features and commercial environment it offers. It comes with dozens of commercial tools and pre-installed technical indicators. However, through this platform, operators can create their own indicators, and can install as many as they want from a massive group of more than 2k free indicators. The indicators can be purchased from third parties as well and installed.

The graphics options are incomparable. Merchants can create templates that they can save for later use.

The EA (Expert Advisors) represent one of the most popular features of the platform. The EAs are, in essence, automatic operators, which can be negotiated according to the configuration of the operators, throughout the day, provided they are coupled with a good VPS service.

GMO Trading Deposit Options

GMO Trading accept a variety of credit cards, as well as the good, old-fashioned wire transfer. A number of eWallet solutions are supported too: Neteller, Webmoney and Skrill.

Education

The educational material delivered through the GMO Trading website is plentiful as well as useful. There are eBooks, articles, courses, tutorials, as well as a VOD (video of the day) archive, which can be accessed by all comers.

Conclusion

The GMO trade may not be the oldest and largest global Forex / CFD brokerage that exists, but its offer is solid in all respects. It has excellent platforms, decent commercial conditions, as well as a more than decent selection of negotiable assets. Education and great support are just a kind of cherry on top of the cake. In addition, the minimum deposit required is $ 250.

Please note that certain products and / or multiplier levels may not be available to traders in EEA countries due to legal restrictions.

 

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