Broker Information
GMO Financial Holdings, Inc
GMO Financial
No Regulation
Platform registered country and region
Japan
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Company Summary
Influence
C
Influence index NO.1
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Aspect | Details |
Company Name | GMO Financial |
Registered Country/Area | Japan |
Founded Year | 2021 |
Regulation | Unregulated |
Market Instruments | Currency pairs, Stock indices, Commodities |
Account Types | Live Account, Demo Account |
Minimum Deposit | 2,000 yen for Quick Deposit |
Spreads | As low as 0.2 pips during peak hours; can widen to 4.0 sen off-hours |
Trading Platforms | Gaikax app(Available for iOS and Android) |
Customer Support | Email support, Online chat; |
Deposit & Withdrawal | Quick Deposit , Bank Transfer |
Educational Resources | Economic Calendar, Swap List, Swap Calendar |
GMO Financial, established 2-5 years ago and based in Japan, offers a broad range of trading assets, including currency pairs, stock indices, and commodities.
The platform provides both live and demo accounts with a user-friendly app, Gaikax, available for iOS and Android. GMO Financial is unregulated, which might impact the level of oversight. Spreads start at 0.2 pips during peak hours but can widen to 4.0 sen off-hours. The platform charges no commission fees on trades, though foreign currency withdrawals incur a fee of 1,500 yen per transaction. Educational resources include an Economic Calendar and Swap List.
GMO Financial is not regulated by any financial authority, which means there is no oversight to ensure it operates fairly or transparently. Without regulation, clients face higher risks of fraud and mismanagement, as there are no guarantees of safety for their funds.
Pros | Cons |
Spread as low as 0.2pips | Unregulated |
No commission fees on transactions | Spreads can widen significantly during off-hours, such as 4.0 sen for USD/JPY |
Quick Deposit is free of charge | Withdrawals in foreign currency incur a fee of 1,500 yen per transaction |
Educational resources like an Economic Calendar, Swap List, and Swap Calendar | |
Demo account offered | |
customizable trading platform with flexible chart displays |
Pros
Cons
GMO Financial offers a wide range of trading assets across different categories.
In currency pairs, traders can access 24 pairs, including major, minor, and exotic currencies.
For stock indices, the platform includes the Japan 225, which tracks 225 significant Japanese stocks; the US NQ100, focusing on the top 100 non-financial NASDAQ companies; the US30, representing 30 large U.S. companies; and the US S500, mirroring the S&P 500 Index of 500 U.S. companies. It also provides the US NQ100 Mini, a smaller version of the NQ100, as well as indices for Germany (Germany 40), the Eurozone (Euro 50), Shanghai (Shanghai A50), and Hong Kong, plus a U.S. market volatility index (United States VI).
In the commodities sector, GMO Financial offers futures contracts for WTI Crude Oil, Gold Spot, Natural Gas, Silver Spot, Corn, Soybeans, Gasoline, Heating Oil, Copper, and Wheat. Each commodity provides insights into critical resources and market trends.
GMO Financial offers two types of accounts: live accounts and demo accounts.
A live account allows users to trade real funds in various financial markets, reflecting actual trading conditions and results.
A demo account provides a risk-free environment where users can practice trading with virtual funds. It simulates real market conditions, helping users familiarize themselves with the platform's features, test strategies, and build confidence without financial risk.
GMO Financial's spreads vary based on trading hours and currency pairs.
During peak trading hours (8:00 AM to 3:00 AM), the spreads are generally tighter. For example, the spread for USD/JPY is 0.2 sen, and EUR/USD has a spread of 0.3 points. Outside these hours, spreads widen significantly, with USD/JPY increasing to 4.0 sen and EUR/USD widening to 4.0 points.
The platform charges no commissions, which can be advantageous for cost-conscious traders. This structure might benefit high-frequency traders aiming to reduce transaction costs. However, the potential for wider spreads during off-peak hours can be a drawback for those trading across different time zones or during less liquid periods. Therefore, GMO Financial can be better suited for traders who primarily trade during peak market hours and can handle wider spreads during off-peak times.
GMO Financial offers a trading platform known as Gaikax, which is available as a smartphone app for both iOS and Android devices. The platform is designed to support foreign currency exchange (FX) trading with features for both beginners and advanced users.
Gaikax includes several key features:
The platform's design features a teal color scheme against a black background, intended to be calming and familiar to those accustomed to traditional FX trading interfaces.
GMO Financial supports two methods for depositing funds: “Quick Deposit” and “Bank Transfer.” Quick Deposit is an online service available 24/7 through affiliated financial institutions for users with internet banking accounts. Bank Transfer is also accepted, but it incurs additional fees.
For Quick Deposit, the minimum amount is 2,000 yen, and the maximum deposit at one time is 100 million yen. Bank Transfers do not have a specified minimum deposit amount.
Deposits via Quick Deposit are free of charge. However, for Bank Transfers, customers are responsible for the fees imposed by their respective banks. Withdrawals are free for yen transactions, while foreign currency withdrawals incur a fee of 1,500 yen per transaction.
GMO Financial offers customer support via email and online chat. For assistance, you can contact them through their email support or use the online chat feature available on their website. They do not provide a direct phone number for support inquiries.
GMO Financial provides a range of educational resources to help traders stay informed.
The platform includes a Economic Calendar, which tracks key economic events and indicators that impact the markets.
The Today's Swap List offers information on current swap rates for various currency pairs, while the Swap Calendar provides historical data on swap rates. The Swap Points section details the points associated with swaps for better decision-making.
These resources are valuable for both new and experienced traders to understand market conditions, manage trades effectively, and make informed decisions based on economic events and swap rates.
In conclusion, GMO Financial offers a robust trading platform with a wide selection of assets, including currency pairs, stock indices, and commodities. While it provides competitive spreads and no commission fees on transactions, its unregulated status and potential for wider spreads during off-hours can be considerations for traders.
The platforms user-friendly app, Gaikax, and competitive educational resources support both new and experienced traders. However, users should be aware of transaction fees for foreign currency withdrawals and the limitations of customer support options.
GMO Financial provides a variety of assets including currency pairs, stock indices, and commodities.
GMO Financial operates without regulation.
Spreads start at 0.2 pips during peak hours but can widen to 4.0 sen during off-hours.
Quick Deposit is free, but foreign currency withdrawals incur a fee of 1,500 yen.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
GMO Financial Holdings, Inc
GMO Financial
No Regulation
Platform registered country and region
Japan
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Company Summary
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