A withdrawal fee of £50 is charged for every withdrawal above £ and additional charges apply for withdrawals below £ The charges are not explained but the customer will be informed first before the withdrawal is approved.

GMO Trading does not charge commissions. There are also ECN accounts for customers who prefer raw spreads. The minimum deposit accepted by GMO Trading is £ and they do not charge deposit fees but they charge withdrawal fees. Specific details about each form of payment are not given. Few reviewers complained about delay in payments but most had their problems solved by the support team.

Prospective and existing traders can reach the customer care through a number of channels. Only two phone numbers from UK and Cyprus are available for support. The phone numbers are easy to reach and the support assistants are willing to help. Response is by email and usually within a day. There are also two email addresses for support through email.

Instant web chat facility is also available on the website and can be accessed from every page. Response is quick but not as efficient as phone support. Some reviewers reported of incompetence on the part of the chat support assistants. GMO Trading provides trader education in form of eBooks, videos and tutorial courses. These tutorials are beneficial to beginner traders. Intermediate traders will most likely benefit too but advanced traders will not find the trainings useful.

These trainings are all offered free of charge. The trainings focus on introduction to forex, terminologies used, trading instruments and MT4 training.

It also covers trading styles, strategies and analysis. There are lots of useful articles on a variety of topics like; investment options, cryptocurrencies, financial assets, trading methods, technical analysis, etc. They also hold webinars from time to time. On the website, there are daily review videos posted everyday to assist a trader in making his trading decisions.

The website also features an Economic Calendar. GMO Trading provides webinars and daily review videos to assist the trader in making decisions. Free VPS and news alerts are provided only for Platinum account holders. Generally, they are still very new and so have not yet penetrated the forex market.

So, there are no awards or industry recognitions. There are no promotions or marketing adverts reported for this broker. Though some reviewers have complained of difficulty in withdrawals, CySEC has not investigated or sanctioned the GMO Trading brokerage firm. GMO Trading is a new broker regulated by CySEC and operates within the EU region. Being regulated by CySEC means that funds are segregated, secure and their platform is equally safe for transactions.

They provide a comprehensive beginner and intermediate education in form of videos and EBooks. The few drawbacks border on the withdrawal and spread charges, which are comparatively high. Also, the limitation of customers to just the Eurozone is going to hamper the global acceptability of the brand.

One also wonders how this will allow it compete with other Cyprus-based brokers. Overall, they are a good platform suitable for beginner and mid-level traders, but need to deal with the issues raised. Broker Comparison Maecenas porta rhoncus dui ut congue. Donec luctus non sem eu euismod.

Ut rhoncus mauris non bibendum congue. Donec maximus ipsum a lectus sollicitudin. Log in. GMO Trading GMO Trading Founded in Cyprus, Regulated by CySEC. Open Account Visit Site. Editor's Score. Pros Regulated by CySEC Wide variety of trading instruments Traders funds are segregated in separate accounts. Cons Clients from USA, Canada, and Australia not accepted. Spreads and commissions are relatively high.

High withdrawal charges. Min Deposit £ Mini Account. Platforms Webtrader MT4. Withdrawal Options Visa MasterCard Skrill Neteller Bank Transfer. Review Comparison. Review Introduction GMO Trading is owned and operated by Royal Forex Ltd; a Cypriot investment company based in Nicosia, Cyprus. Trading Conditions Three types of accounts are offered.

Products GMO Trading asserts that their customers can trade top CFDs in over 10, global markets. Regulation GMO Trading is located in Cyprus and operates within Europe.

Platforms The only trading platform available is the MT4. GMO Trading provides the MT4 for traders in the following forms: Webtrader : Webtrader offers the MT4 platform online and it is accessible via a web browser. MT4 Application This is the MT4 application that is downloadable and installable on a windows computer. Mobile Trading The GMO Trading official website is optimized for mobile viewing.

It is very strange. Perhaps the legal address is not written in text so that users cannot copy it and find information on it? The site is made in different languages, you can select them on the main page. The first difficulties in opening an account will arise for citizens of many countries, including the CIS, America and Asia. For example, from the United Arab Emirates, China, Ukraine, Russia and a number of other countries it was not possible to open an account. On the page when entering the contact phone number it will be indicated that the registration service is not available in the selected region.

At the same time, an exact list of available countries is not indicated anywhere. This suggests that the company has no loyal conditions and is not even interested in registering users from some regions. The terms of depositing and withdrawing funds use one source for example, a bank card or a bank account. On average, it takes from 1 business day to process applications for withdrawal of a deposit.

Requests are successfully processed only by verified users. This means that only clients who have passed a personal identity check on previously scanned copies of documents can withdraw money. Withdrawal fees are quite large for GMO Trading. For example, if managers find account activity too low, they will charge a 50 euro fee for each withdrawal transaction even if it is an amount of euro.

The bank commission for processing payments is paid by the client. Another absolutely useless section of the GMO Trading broker is training. But in fact, there is nothing like that. The only useful block is the economic calendar.

But it is noticeable that it was simply copied from a third-party service.

Location: , Arch. Makarios III Avenue, Achileos Building, Office 41, CY Limassol, Cyprus. Regulation: Cyprus Securities and Exchange Commission CySEC. clients of authorized brokers such as GMOTrading can file a claim for compensation should ever their broker runs into insolvency issues. The maximum coverage provided under the scheme is 20, euros. Trading platform: MetaTrader 4. The platform is available as a desktop, WebTrader and mobile version downloadable via app on Google Play Store and Apple App Store.

The spreads at GMOTrading are pretty tight and attractive starting as low as 0. Below you can see the summary of the spreads available with the broker during GMOTrading review:.

Payment methods: Bank Wire Transfer, China Union Pay, Credit Card, Fasapay, Neteller, Paypal, QIWI, Skrill, Webmoney. This Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost international forex brokers. The final grade is given based on GMOTrading FX broker performance and features. Overall our online GMOTrading review was conducted with the details obtained from the demo trading and the forex brokers website.

If you would like to add details to this online GMOTrading or you find inaccurate details GMOTrading Capital broker review please get in touch with us and the changes will be applied. Tue, Nov 22, HOME COMPARE BROKERS TOP 10 BROKERS CHECKLIST Best BROKER Top US Brokers Top MT4 Brokers Top ECN Brokers. Bitcoin Brokers Demo Accounts Metatrader 4 Brokers Low Spread Brokers COPY TRADING. For Beginners Forex Guide Platforms Online Brokers Currency Pairs Indicators Strategies Money Management Psychology Market Analysis Risks Copy Trading.

Best Forex Brokers for GMO Trading Review. Updated GMOTrading Review and Rating Broker's website is down. Reviewed broker: GMO Trading Operated by: Royal Forex Ltd.

Trading instruments: forex, commodities, market indices, and international stocks. Why to trade with GMO Trading? CySEC regulation Up to in leverage MetaTrader4 trading platform Educational material on the website GMOTrading Platforms and Trading Features Trading platform: MetaTrader 4.

Currency pairs: 48 The spreads at GMOTrading are pretty tight and attractive starting as low as 0. GMOTrading Review : Customer Support You can reach GMOTrading representatives via email, live chat or phone. How was the rating of GMO Trading performed compared to other brokers?

Trading financial instruments carries high level of risk to your capital with the possibility of losing more than your initial investment. This site will not be held liable for any loss or damage in result from using the information within the site including forex Broker reviews , market analysis, trading signals, learning resources and comparison tables. The data within this website is not necessarily real-time nor accurate and do not represent the recommendations of the employees.

Currency trading is not suitable for all investors. Before deciding to trade currency or any other financial instrument please consider consider your investment objectives, level of experience, and risk appetite. While we do our best to provide up-to-date information, we strongly encourage you to verify it directly with the broker of your choice.

GMO Trading asserts that their customers can trade top CFDs in over 10, global markets. Regulation: Cyprus Securities and Exchange Commission CySEC. Bank transfers take an average of 2 to 7 days to complete. Updated GMOTrading Review and Rating Broker's website is down. Footer Forex Broker Reviews. Noteworthy Points GMO Trading provides webinars and daily review videos to assist the trader in making decisions. So, there are no awards or industry recognitions.

Categories:

• Forex Bitcoin
• Forex
• Forex Brokers
• Binary Options online
• Binary Options