Regulators: CySEC

Cryptocurrencies: YES

Minimum Deposit: N/A

Maximum Leverage: 1:400

Spreads: Medium

My Score: 5.5

Hello everyone! I will introduce you to GMO Trading today. GMO Trading is a forex and CFD broker based in Cyprus.

GMO Trading is owned and operated by Royal Forex Ltd. The company located in Prodromou & Demetracopoulou 2, 4th floor, 1090, Nicosia, Cyprus.

The broker has 124k estimated visitors per month. The visitors are mainly from Germany with 50%. Spain and Netherlands based visitors follow them.

In this GMO Trading review, you can find all the answers to these questions: Is GMO Trading scam or good forex broker? What are the GMO Trading account types? What are the trading conditions such as spreads, leverage, and minimum deposit? Is GMO Trading regulated?

Regulation of GMO Trading

GMO Trading is the trading name of Royal Forex Ltd (HE 336694) authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license No. 269/15.

CySEC is the supervisory and regulatory authority for Investment Services firms in Cyprus and is the member of the Committee of the European Securities and Markets Authority (ESMA). The Cypriot regulatory agency is one of the most reputable ones among all regulators.

gmo trading regulation

Traders looking for a reliable broker should consider how to secure their capital invested better. The broker should meet all its compliance obligations and meet the financial standards and with the legal prerequisites of the respective country which the broker operates.

Here are more CySEC regulated forex brokers and regulation details.

Safety of Investor’s Funds

The broker offers a number of measures for the security of their clients’ funds. First one is account segregation.

The security of the client’s funds is the top priority of the broker. That is why, GMO Trading efforts tremendously creating and maintaining a secure trading environment that will protect its client’s privacy, funds, and assets.

As a requirement of CySEC regulation, the company is obliged to keep client funds in segregated bank accounts separate from the company’s operational accounts.

The broker also works with state-of-the-art technology that ensures the safety of all clients’ transactions. It uses the latest physical hardware and software so as to protect all data systems.

Account Types and Spreads

GMO Trading offers three different account types — Silver, Gold, and Platinum — that provide different spreads and leverage amounts depending upon a trader’s level of activity and investment amounts.

There is no information about the minimum deposit on the website of the broker. So, this is a disadvantage about transparency.

Spreads are from 2.2 pips on EUR/USD for Silver account type. The maximum leverage is 1:200 for forex currencies on the Silver account. There is also Islamic account (known as swap-free) for Muslim traders.

The second one is Gold account. There is no information about the minimum deposit too. Spreads are from 1.3 pips on EUR/USD. The maximum leverage is 1:400 for forex. Unlike the Silver account, there is a dedicated account manager and a 25% swap discount.

The Platinum account offers 0.7 pips spreads on EUR/USD. The maximum leverage is 1:400 for forex currencies. Free VPS is available and this account type provides news alert.

Spreads are not competitive for Silver and Gold account. The maximum leverage is high. There are many brokers that offer better trading conditions.

Trading Platforms

GMO Trading offers MetaTrader 4 platform. It is available for Windows, MacOS, iOS, and Android. There is also a web trader option.

The MetaTrader 4, also known as MT4 platform, is the today’s most popular trading platform used by a growing number of traders around the world. It has become popular because of its highly advanced features such as charting and analysis tools.

Advantages of MetaTrader 4 (MT4) Platform

  • Security – Reliable encryption allows you to enjoy secured execution of trading operations.
  • Trading Signals – This service allows you to copy transactions of experienced traders or set up your own signals to receive rewards
  • Analysis – Provides market analysis and technical analysis that make trading easier for both beginners and expert investors.
  • Indicators – This platform has built-in indicators and you to create your own indicators for free.
  • Easy Order Entry – Gives traders a user-friendly interface that enables them to trader conveniently.

Trading Instruments

The broker offers to trade with forex, indices, commodities, and stocks. GMO Trading offers also cryptocurrency trading.

GMOTrading coverage of the markets includes 48 currency pairs, 17 market indices, 17 types of commodities and 81 different types of international stocks.

Besides Gold, Silver, Oil and Gas, soybeans, wheat and corn can be traded too, together with palladium, cotton and even orange juice.

Payment Methods

Supported payment methods at GMO Trading include bank wire transfer, credit card, debit card, and vPay.

Some popular e-wallet methods and Bitcoin options are missing. This is another disadvantage for the broker.

Conclusion

GMO Trading is duly-regulated forex broker. The broker regulated by CySEC but it doesn’t provide good trading conditions.

The lack of popular payment methods and information about trading conditions are rather annoying. However, the broker offers essential client’s fund security.

If you didn’t like the broker’s features, you can find a better one on my top forex brokers list.

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GMO Trading

5.5

Trust

6.0/10

Commissions and fees

5.0/10

Customer Service

5.0/10

Platform & Tools

5.5/10

Product Portfolio

6.0/10

Pros

  • Regulated by CySEC
  • MT4 supported
  • Educational material on the website

Cons

  • Limited Payment Methods
  • Lack info about trading conditions