Score

6.82 /10
Average

GMO Gaika

Regulated in Japan

Retail Forex License

Self-developed

High potential risk

Perfect
A

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Comparison

Quantity 5

Exposure

Open Account
Website

Score

Regulatory Index7.83

Business Index8.89

Risk Management Index0.00

Software Index7.05

License Index7.68

The WikiFX Score of this broker is reduced because of too many complaints!
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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Mizuho Trust & Banking
FX Clearing Trust
SMBC

Broker Information

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Company Name

GMO Gaika, Inc.

Company Abbreviation

GMO Gaika

Platform registered country and region

Japan

Number of employees

Company website

X

YouTube

Company summary

Pyramid scheme complaint

Expose

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WikiFX Risk Alerts 2
Previous Detection : 2025-06-07
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • The number of the complaints received by WikiFX have reached 5 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
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GMO Gaika · Company summary
GMO Gaika Review Summary
Founded2003
Registered Country/RegionJapan
RegulationFSA
Market InstrumentsForex and CFD
Demo AccountYes
LeverageNot Mentioned
Spread0.3 pips on the EUR/USD pair
Trading Platform外貨ex
Min Deposit2,000 yen
Customer Support24/7 Live Chat

GMO Gaika Information

GMO Gaika, regulated by Japan's FSA, primarily offers Forex and CFD trading on its proprietary “外貨ex” platform, accessible on PC and mobile. Notably, they feature a tight 0.3 pips spread on EUR/USD and offer commission-free trading with a low minimum deposit of around 2,000 yen. While a demo account is available, information on leverage and specific account types is limited.

GMO Gaika Information

Pros and Cons

ProsCons
  • Regulated by FSA
  • Limited information on leverage and account types
  • Commission-free trading
  • Limited customer support methods

Is GMO Gaika Legit?

GMO Gaika has a Retail Forex License regulated by the Financial Services Agency (FSA) in Japan with a license number of 関東財務局長(金商)第271号.

Is GMO Gaika Legit?

What Can I Trade on GMO Gaika?

GMO Gaika mainly offers foreign exchange margin trading and CFD trading, covering gasoline, gold spot, and

US Stock NQ100.

Tradable InstrumentsSupported
Forex
CFD
Stock
Indices
Cryptocurrency
Shares
Metals
What Can I Trade on GMO Gaika?

Account Type

GMO Gaika offers demo accounts for clients. However, other account types are not mentioned on the website.

Account Type

GMO Gaika Fees

GMO Gaika offers an EUR/USD spread of 0.3 pips. For other currency pairs, you can check the table.

Currency PairsSpread
USD/JPY0.2
EUR/JPY0.4
EUR/USD0.3
AUD/JPY0.5
GBP/JPY0.9
TRY/JPY1.5
MXN/JPY0.2
AUD/USD0.4
GMO Gaika Fees

Besides, GMO Gaika offers trading with all fees listed being free, including trading fees, account maintenance fees, loss-cut fees, account opening fees, quick deposit fees, and withdrawal fees, all amounting to 0 yen.

GMO Gaika Fees

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
外貨exPC and MobileInvestors of all experience levels
Trading Platform

Deposit and Withdrawal

GMO Gaika charges no deposit or withdrawal fees. The minimum amount to start FX trading is approximately 2,000 yen.

Deposit and Withdrawal

News

NewsWIKIFX REPORT: YJFX to change name after acquisition by GMO

Japanese Forex broker YJFX Inc today announced a planned name change, which is set to become effective on September 27, 2021. The broker will change its name to Gaika ex by GMO (“Foreign Currency ex by GMO Co., Ltd.”)

WikiFX
2022-07-29 13:45
WIKIFX REPORT: YJFX to change name after acquisition by GMO

User Reviews

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User comment

3

Comments

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FX1037936792
more than one year
Al principio, planeé operar con Gaika, porque descubrí que el spread es muy bajo y el apalancamiento es solo de 1:25. Creo que el bajo apalancamiento se debe a sus agencias reguladoras más estrictas. Pero después de leer sobre esto en wikifx, me alegro de no haber invertido mi dinero, de lo contrario, ¡ya me habrán estafado!
Al principio, planeé operar con Gaika, porque descubrí que el spread es muy bajo y el apalancamiento es solo de 1:25. Creo que el bajo apalancamiento se debe a sus agencias reguladoras más estrictas. Pero después de leer sobre esto en wikifx, me alegro de no haber invertido mi dinero, de lo contrario, ¡ya me habrán estafado!
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2022-11-24 14:26
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FX1023795160
more than one year
Definitely a fraud platform! They ate my hard-earned money, I have no nowhere to turn to. Evil platform, saying their spreads are tight, but high slippage can make you easily lose all your money. Even you made a profit, they would denied it.
Definitely a fraud platform! They ate my hard-earned money, I have no nowhere to turn to. Evil platform, saying their spreads are tight, but high slippage can make you easily lose all your money. Even you made a profit, they would denied it.
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2022-11-21 12:11
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5