For those traders who prefer the peace of mind of dealing with one of the largest brokers on the planet, the GMO CLICK Group has recently made your choice in forex brokers that much easier. Recognized as the largest retail forex brokerage by volume, GMO CLICK announced in March the launch of its proprietary trading platform through its subsidiary in London – Z.com Trade. Founded in Japan in 2005, the group has offices in the global financial centres of Tokyo, Hong Kong and London, with over 400,000 clients worldwide. GMO-Z.com Trade UK Limited is authorised and regulated in the UK by the Financial Conduct Authority (FCA), and its firm reference number is 622897.
Trading in leveraged products carries a high level of risk. Your losses may exceed your initial investment requiring you to make further payments.
High volume translates into some of the tightest spreads in the industry across a wide range of currency pairs, as well as for trading in forex, commodities, and indices CFDs. Z.com Trade operate an STP model, which means that your order is sent straight-through without the existence of a dealing desk. With considerable resources at the parent level, technical development and support is all in-house. As a result, you can choose from their proprietary online platform, Z.com Trader, the latest versions of MT4 software, mobile apps for smartphone access, and a professional API connectivity option.
The GMO CLICK Group consists of companies regulated by entities located in the largest financial centres in the world. In the UK, Z.com Trade is regulated and authorised by the Financial Conduct Authority (FCA). Client funds are segregated in top tier financial institutions, and Z.com Trade participate in the Financial Services Compensation Scheme, which can offer compensation of up to £50,000 per person per regulated entity. To round out the package, Z.com Trade provides a wealth of educational and support materials, real-time market news, an economic calendar, and a host of professionally trained customer service representatives that can be accessed via live chat, email, or by telephone.
Features at Z.com Trade
Why trade with Z.com Trade? The firm lists these reasons:
・A subsidiary of the GMO CLICK Holdings, Inc., group of companies, headquartered in Tokyo, established in 2005, and listed on the Tokyo Stock Exchange
・Growth benchmarks: $1 trillion in monthly volume in 2013 (first in the industry); volume leader in the world today; and over 400,000 global clients
・Z.com Trade is based in London and is authorised and regulated by the Financial Conduct Authority (FCA) in the UK
・Client funds are segregated in top-tier financial institutions, and the firm also participates in the UK Financial Service Compensation Scheme (which can provide compensation of up to £50,000 per person per regulated entity)
・Deposits can be made by major credit or debit card, wire transfer, China UnionPay or Skrill at no additional charge. There is also no minimum deposit requirement.
・In-house developed online trading platform (Z.com Trader) with advanced charting support available, along with MT4 software and mobile apps
・Tight spreads that range from 0.5 to 0.8 pips for major pairs and crosses
・Broad array of currency pairs with up to 200:1 leverage available, supplemented by CFD trading in commodities and indices
・STP model, with fixed spread pricing available on Z.com Trader platform, and variable spread pricing on MT4/API
・Multilingual customer service representatives, accessible via live chat, email, or telephone
Being a volume leader allows Z.com Trade to offer extremely tight spreads, especially for major currency pairs. Spreads on Z.com Trader are fixed as low as 0.5 pips for USD/JPY and 0.6 pips for EUR/USD, with available leverage of up to 200:1 on selected currency pairs. For CFDs in commodities or indices, leverage and margin requirements vary by asset choice.
As part of a large enterprise with extensive resources, Z.com Trade also has the capability to develop their own software internally, without having to depend on a partner for innovative upgrades. Its proprietary flagship platform goes by the name of Z.com Trader and comes with an intuitive interface and advanced charting tool. The software is completely online and does not require any complicated downloads. For MetaTrader4 enthusiasts, the firm can also support MT4 which is operated on an STP model, offering ultra-low latency access to FX and Commodities markets. For professional traders, their API set up offers more flexible and tailored trading solutions. Mobile apps are also available for iOS and Android, allowing users to trade from charts as well as lightning-fast “one touch” trading.
Deposits and Withdrawals
Z.com Trade accepts deposits via major credit and debit cards, Skrill or by bank wire transfer, and does not charge any additional service fees. Withdrawal requests are processed promptly, and a charge is only made for international bank wire transfers. There is also no minimum deposit requirement, allowing you start with an amount you feel comfortable with.
Customer service representatives have been professionally trained to assist you with any query that you may have. They can be accessed via live chat, email, or telephone. For beginners and experienced traders alike, support materials include platform guides, information on fundamental and technical analysis, pricing streams, advanced charting tools, news, and an economic calendar of significant events.
Z.com Trade – Conclusion
Sometimes, “Big” is better, and Z.com Trade is evidence that this phrase is alive and well in the forex industry. The track record of the GMO CLICK Group of companies is stellar, having achieved the top retail forex volume spot over the past three years with a client base exceeding 400,000. The benefits are numerous – tight spreads; flexible trading platforms; fixed and variable pricing modalities; regulatory peace of mind; and the added benefit of knowing that capital adequacy is never an issue. As in the words of the firm’s CEO, “In addition to our commitment to providing trader-centric technology and the best pricing possible, we aim to offer innovative solutions that make trading both interesting and enjoyable.” Give this broker a chance, and you too may soon become a believer like the hundreds of thousands before you.
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ForexTB is generally considered a reliable and reputable firm. It offers a variety of desirable features and attracts traders from all over Europe. The brokerage is fully regulated and licensed by the Cyprus Securities and Exchange Commission (CySEC) and is fully compliant with the European Securities and Markets Authority (ESMA). Customer reviews are usually positive, and independent industry websites that have reviewed ForexTB have concluded that the broker is safe...