GMZ Global Spreads, leverage, minimum deposit Revealed

GMZ Global Information

　　GMZ Global is a brokerage company who newly entered the trading market. It headquarted in the United Kingdom and has 7 offices all over the worlds. It mainly focuses on trading services in forex, stocks, commodities, indices and cryptos.

　　It provides a demo account for practicing before actual trading and 4 tiered accounts, with a minimum deposit of $250. Leverage ranges from 1:100 to 1:400. You can excute trades on its proprietary GMZ Global platform.

　　Moreover, the broker implements fund segregation to protect customer assets even during the extreme situation of insolvency. SSL encryption, two-factor authentication and secure data storage are also available as supplementary protection measures.

　　However, one of the facts that cannot be neglected is that the broker is not being well-regulated by any official authorities so far, which degrades its credibility and trustworthiness.

Pros and Cons

Is GMZ Global Legit?

　　The most important factor in measuring the safety of a brokerage platform is whether it is formally regulated. GMZ Global is an unregulated broker, which means that the safety of users' funds and trading activities are not effectively protected. Investors should choose GMZ Global with caution.

What Can I Trade on GMZ Global?

　　GMZ Global mainly focuses on trading services in forex, stocks, commodities, indices and cryptocurrencies.

Account Type & Fees

　　Except for a demo account with virtual money to practice before commiting real money, GMZ Global offers a 4 tiered live accounts with varying trading conditions, each targets different customer groups with various experience levels:

Leverage

　　Note that high leverage can amplify not only profits but also losses.

Trading Platform

　　GMZ Global also offers a proprietary mobile trading platform accessible from mobile devices. The platform claims to offer advanced charting tools, real-time quote and anlysis and educational resources for clients to improve their trading skills.

Deposit and Withdrawal

　　The broker accepts payments through bank transfer, credit/debit cards, e-wallets, etc.

　　No fees will be charged for deposit; while for withdrawal, which typically takes 1-5 business days, fees apply depending on methods.