GMO Trading Review
GMO Trading is a brand name of Royal Forex Ltd. The Cyprus-based firm provides sophisticated Forex, commodity, stock, Gold, and Silver and CFD trading solutions to investors, operating on a global level, enabling its clients to trade anytime from anywhere in the world. The European Forex broker is licensed and regulated by CySEC. Is GMO Trading a reliable Forex broker, or is it a scam broker? Find out more with AtoZ Markets Forex broker review of GMO Trading.
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GMO Trading, that holds the website of “www.gmotrading.com” enables its clients to gain almost unlimited global access to the international financial markets. The maximum leverage offered by GMO Trading is 1:500. The company has a wide array of assets available for investment, coupled with a variety of trading accounts and platforms that fit any investor’s trading style and profit goals.
GMO Trading adheres to strict regulatory designated to ensure the protection and transparency of its clients.
GMO Trading offers MT4 to its brokers through its desktop version and the web trader. The web trader platform is a sophisticated, user-friendly and advanced trading platform that allows access from any device that has an internet connection. On its Metatrader 4 (MT4) GMOtrading provides its clients with a unique possibility to program their own trading strategies. GMO trading platform is available for Windows and iOs and free to download.
GMO Trading provides its clients with two types of accounts: Demo and Live. Demo account is available for the registered users through their Client Area and is free of charge. Registration on the website is free as well. In its turn, the Live account tiers can be Silver, Gold, and Platinum — that offer different spreads and leverage amounts depending upon a trader’s level of activity and investment amounts. All tiers of the live account allow traders to access a wide range of financial instruments such as Forex, commodities, stocks/equities and spreads using the MT4 platform. The trading conditions for all types of trading accounts are quite similar. A remarkable difference between them is the service provided. The most advanced Platinum account includes all the possible features for fast and effective trading, such as news alert, free VPS, Dedicated Account Manager, Webinars & Videos and etc.
GMO Trading platform does not provide trading in cryptocurrency.
The spreads for its all account are range between a low 0.3 pips to 3.1 pips. The maximum leverage offered is 1:500.
With 24/5 support available for its clients, GMO Trading has a customer support team that is known to be efficient and responsive. The team can be reached through email, live chat, and telephone. The support team is noted for resolving any queries within 24 hours. Customer support is available in M-F 9:00-22:00 GMT and 11:00-20:00 on weekends. Other languages are supported 10:00-21:00. During other hours, customer support is available via email or the contact form. Customer support is provided in different languages, including English, German and Russian.
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 compliant and is authorized to offer its services to traders in member states within the European Economic Area (EEA).
To sum it up, we, at AtoZ Markets, can confidently say that GMO Trading enjoys having a high profile in the market today, with a respectable reputation that took the aforementioned broker hard work and effort, as long as patience until they managed to build it. The company has proven to be client-oriented in a short time relatively, with a record of supporting the client with all the tools they need for their trading.
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