GMO Trading is an all round broker who provides an excellent trading environment for the retail clients. They are both regulated and reputable in the emerging retail marketplace.
Regardless of what type of trader you are and the kind of asset class which peaks your interest, this platform has something to offer for all. Moreover, they give utmost importance to educating their clients as well.
After all, in the world of trading knowledge directly correlates PnL statement. Before you make a decision about whether to join them or not, go through our review to get a complete perspective.
Brokerage, Licenses and Contact Details
GMOTrading was first established as a forex investment brokerage prior to their incorporation of contracts-for-difference.
The implementation of CFDs into the GMO Trading platform enable GMOTrading.com to support cryptocurrencies, stocks, commodities along with silver and gold trading.
According to their About page, GMOTrading top priority would be customer satisfaction while it appears they render 24/5 support.
As with most regulated investment brokerages, GMOTrading requires investors to complete what is known as a K.Y.C. (Know Your Client policy), which is used to verify identity and reduce the possibility of fraudulent activities.
During the time of writing this review, GMOTrading supported both the WebTrader and MetaTrader4 trading platforms.
Royal Forex LTD
Disclosed in the footer of GMOTrading.com, would be the following:
“GMOTrading is owned and operated by Royal Forex Ltd – Prodromou & Demetracopoulou 2, 4th Floor, 1090, Nicosia, Cyprus.”
According to CySec.gov, Royal Forex Ltd does appear to be regulated under License Number: 269/15.
Royal Forex Ltd company registration number is 336694 while the approved domains of Royal Forex Ltd would be www.gmotrading.com and www.royalforex.com.
The CySec report indicates that 2 Prodromou & Demetracopoulou, 4th Floor, 1090 Nicosia is the physical location of Royal Forex Ltd.
Telephone: +357 22 007 405
Fax: +357 25 654 185
E-Mail: [email protected]
GMOTrading can be reached through their physical location which we just shared above or through one of the following methods:
- (GB) +44 2039364444
- (CY) +357 22007575
Another way to reach out to GMOTrading would be through a contact submission form featured on their Contact page.
Ever since the world of online investing got popular, many retail clients are trying their best to make consistent profits from the market. However, just like any other profession, education is the foundation to achieve it.
GMO Trading boasts of providing the informational material in all the formats like books, videos, articles and they host webinars as well. If you are a newbie trader, then you certainly do not want to miss this section which will be beneficial to your endeavour.
Moreover, there is an economic calendar present on their website. In short, every necessary thing to trading can be found in a single place.
Wide Asset Class
The range of asset class offered by this broker are as follows.
Gold and Silver
The above mentioned encompasses the most liquid assets and is more than enough for the average trader.
Charting and Platform Details
This broker offers MT4 trading platform and the alternatives are webtrader and the mobile app. MT4 is a platform which has a huge client base and is compatible with a wide range of indicators.
If you happen to be a fan of auto-trading, then you will be happy to know that, it supports Expert Advisors as well. Moreover, they offer leverage of upto 1:500 which makes it scalpers heaven.
Leverage is a dangerous instrument and can work either ways. So, depending upon your ability and experience use it wisely. Their webtrader platform does not need any installation, plus it provides you all the functionality you need.
However, the only drawback is that, you won’t be able to run the EA in this format. The leverage on cryptos and some commodities differ from the default level. So, don’t forget to check the actual amount before entering a trade
GMOTrading reflected a global rank of 290,309 with a Germany rank of 39,575 as of December 20th, 2018.
Over the past half year, GMOTrading has suffered roughly a 15.42% drop in cumulative incoming traffic while over 10% of the sites traffic originates from referral and social media based sources.
Here were the following demographic breakdowns regarding GMOTrading: Germany (46.32%), Spain (10.86%), United Kingdom (10.58%), Netherlands (8.70%) and Lithuania (3.63%).
GMO Trading Review Conclusion
GMO Trading is a reliable broker with access to deep liquidity pools. They have competitive spread and excellent order execution. Keeping all the facts we have discussed above, it is no brainer that, we can recommend people to take advantage of this brokerage.