It runs as a desktop application that works with the internet. MT4 provides multiple trading signals, market news, analysis and lots of other features.

Execution of trades is fast and easy. The GMO Trading official website is optimized for mobile viewing. When tested with mobile devices, the menus, pictures and tables resized appropriately.

The mobile trading option available is the MT4 mobile application. This app is available on apple devices and on the android phone.

The apps can be downloaded from their respective stores. With the MT4 apps on mobile devices, traders can open trades, create accounts, access technical analysis, charts and so much more.

Just like other brokers, GMO Trading makes its money from the spread on price of assets. The spreads offered by GMO Trading are generally high.

Inactivity fees are charged to customers who do not open or close trades within a 60 day period. The charges are not explained but the customer will be informed first before the withdrawal is approved.

GMO Trading does not charge commissions. There are also ECN accounts for customers who prefer raw spreads. Specific details about each form of payment are not given.

Few reviewers complained about delay in payments but most had their problems solved by the support team.

Prospective and existing traders can reach the customer care through a number of channels. Only two phone numbers from UK and Cyprus are available for support.

In the past, there were always providers in which, despite actually good regulation turned out to be fraudulent brokers. In general, a license in the EU shows a certain willingness to treat customers seriously and fairly.

A broker who becomes active in the German market, however, has to accept the question of why he does not measure himself with the very large providers and, for example, has chosen the FCA as regulator.

A sign of seriousness is the transparency that GMO Trading has in some areas. Thus, the broker informs quite well about additional security measures and the storage of customer funds.

In addition, the broker works in accordance with the policies issued by CySEC and has recently offered customers only a small amount of leverage and no bonuses, as well as explaining risks.

On the other hand, there are some features that make one doubt the trustworthiness of the forex broker. Thus, the broker does not openly disclose his rather high financing costs and charges unusually high inactivity fees, which can even be incurred retroactively.

In addition, the deposit is not always free, without the fees are clearly stated. Such gaps in the terms and conditions promise in some cases nothing good.

Ultimately, traders will only be able to determine if a broker is reputable, fair and trustworthy if they have GMO trading experience themselves.

GMO Trading is a relatively unknown broker from Cyprus. The company hopes to gain more prominence from the sponsorship of BVB, which, however, only applies outside Germany.

The terms of GMO Trading are mixed. As a market maker, the broker waives custodian fees or commissions and charges them as spreads.

These start very cheap and are certainly a reason for many traders to sign up for GMO. However, the financing costs are significantly higher.

An important disadvantage is the inactivity fees, which are far too high right from the beginning and can rise to up to euros per month.

For action, the MetaTrader 4 is used, which convinces as usual by its versatility and reliability. If you want to test the trading platform, you can do this for 14 days free of charge.

Deposit and withdrawal conditions are mostly fair, but customers should pay extra fees. In addition to the account for retail customers, the broker offers a Professional Trader account.

Ultimately, however, this only provides access to higher leverage, while the entitlement to compensation by the ICF expires.

GMO Trading has its headquarter in Cyprus. Inhaltsverzeichnis Anzeigen. The facts about GMO Trading at a glance. Professional Trader with advantages?

Account opening and benefits for new customers. MTA also supports automated trading systems, which may be the best option for more inexperienced users who often do not have a proper investment strategy and prefer relying on automated suggestions to place investments.

Therefore, it is easily accessible by all kinds of users, which is most likely one of the main reasons why most brokers use it as a platform to support trades.

WebTrader is perhaps slightly less popular than MT4 but the two platforms have very similar functions. The former does not need to be downloaded or installed because it runs on browser, so you only need an internet connection and the device of your preference to be able to access it.

Trading with GMO is very simple, you just need to follow a few simple steps. The bot is a software that follows an algorithm that helps investors place safe investments in only a few minutes.

Here is a quick guide on how to sign up for CryptoSoft, which connects you to the GMO trading platform. You will be requested to type in your name, last name, email address, password and phone number.

You will then get a verification code on your email to finalise your registration. At this point you will officially have a CryptoSoft account.

There you will be able to deposit your funds to start trading. The deposit can be made through Bitcoin, Neteller, Pay Retailers and of course credit or debit cards.

The platform is easy to use and simple to understand for inexperienced users as well. You have quick access to trading history, financial news and trading options.

Once the funds are deposited into your account you simply choose where you want to place your investments. On the left side of the screen you will be able to look at all the assets available.

At the bottom you can find the trading history and on the left side you can see the trading charts. From the charts you can simply trade by click on an asset and decide whether you want to buy or sell.

Alternatively, you can select an asset from the left side and make your investment decisions. We recommend trading on GMO trading by going through Cryptosoft.

This is a much easier option for users who may be new at trading or who find the process complicated. By going through this robot, you will avoid the lengthy registration process and go straight to letting the robot place profitable trades for you.

However, if you wish to trade on GMO directly, you must go on their website and sign register first. The website will ask for a name and last name, phone number, address, zip code, country of residence, email and date of birth.

As we briefly mentioned earlier on, you are then requested to fill in a questionnaire asking questions about taxation, investment prospects, availability of funds, trading knowledge and experience.

Depending on the answers given and how much experience you have, the system will set up an account that is suitable to your level of experience.

Even though it takes some time to fill in the questionnaire, its purpose is to protect inexperienced users from the risks of crypto-trading. The GMO Trading website has three different types of accounts.

The more experienced a user is, the more their account can be upgraded. Professional customers can have access to services that the more basic account holders do not have access to, such as the leverage option.

The accounts are divided into Silver, Gold and Platinum. As mentioned earlier, in some cases, after the questionnaire, the system suggests familiarising with the trading processes through the education material and a demo account before getting one of the above-mentioned accounts.

Again, opening a demo account is an option on GMO Trading. The system will provide you with a username and password to use in order to access the demo account.

The website is translated into 9 languages and relatively easy to navigate, with intuitive tabs and pages. The trading platform is user-friendly but it has a learning curve.

Demo accounts are freely and easily available, as well as mobile trading platforms for Android and iOS. GMOTrading offers a huge array of trading assets across 4 classes currencies, indices, stocks, and commodities , but not all of them are available on the Demo account full list available on Real accounts.

Spreads are a bit steep on the Silver account 2. The max leverage for retail traders is for currencies and lower for everything else.

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