Read this GMOTrading review to see if this broker is legit

Read this GMOTrading review to see if this broker is legit

Minimum deposit

250$

Bonus

N/A

Maximum leverage

1:500

Year founded

2015

Regulation

CySEC

Trading platform

MT4

80% of retail investor accounts lose money when trading CFDs with GMOTrading.

Choosing the right broker is one of the most important parts of Forex trading. Especially when the Forex scams are so common in today’s world. The brokers have mastered disguising their services so that it is hard for experienced traders to see what really is behind the curtain, and even harder for beginner ones. Is GMO Trading scam that lures the customers into investing with them, or is it a legit brokerage firm? The first impressions that broker gives are quite good, but let’s go in depth and see what kind of services the brokerage offers, how does it operate and if it can be trusted.

GMO Trading Review

80% of investor lose money when trading CFDs with GMOTrading

GMO Trading regulations

GMO Trading Forex broker is owned and operated by the company Royal Forex Ltd which is based in Limassol, Cyprus. Accordingly, the broker is regulated by the local financial Authority CySEC, that gives the brokerage allowance to provide with financial and investment service in Europe. Stating that the broker is regulated does not give it reliability unless they do not have the valid license number displayed on the website.  The license number can be found on the broker’s website and can be checked directly with the CySEC. As we have checked the validity of the license we were happy to confirm that GMO Trading fraud is not possible the broker is fully regulated.

GMOTrading scam

80% of investor lose money when trading CFDs with GMOTrading 

GMO Trading features


However, being regulated is not the only feature we look into when we are choosing the broker as it is important for traders to receive a good service and have a smooth trading experience. Service-wise there are no alarms or red flags as well, as the broker offers well-designed products that can be enjoyed by the traders with the different levels of experience. The broker offers a wide range of cryptocurrency pairs and CFDs on various trading instruments. it also offers various educational materials and hosts webinars to provide quality trading education to its customers, that answers the question is GMO Trading legit? The broker has three account types available according to the needs of the traders and offers professional status based on the trading record of the customer. All of the traders, who have an account with the broker can enjoy low spreads, access to the educational materials, full- hours support and other features of the brokerage.

is GMOTrading legit?

80% of investor lose money when trading CFDs with GMOTrading

With GMOTrading one can use MT4 – one of the best trading platforms, WebTrader or mobile app – to have their trading account within their reach anywhere and anytime. This is a very important part of the good broker, to provide the choice of the trading platforms. Another key feature of a reliable broker is customer support. While preparing the GMOTrading review we have tested how the chat worked and we were satisfied to receive professional answers in no time. The broker is also available via phone and email.

Is GMO Trading scam or a legit broker?

After reviewing the broker regulation, products and quality of the service carefully, we can surely say that there is no sign of the scam. The broker is well established and fully authorized by one of the most reliable financial authorities.
The broker offers well-thought products and accounts for different kinds of traders who can also gain more knowledge with the help of the broker’s educational materials. Summing up, GMO Trading scam is not real and you can confidently start trading with the broker.

80% of investor lose money when trading CFDs with GMOTrading

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