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mohdfazlan
Within 1 year

What are the main risks or downsides I should keep in mind when using GMO-Z.com?

Broker Issues
GMO-Z.com
Regulation
05-30
United States
WikiFX
Reply

From my perspective as a trader who prioritizes safety and reliability, I approach GMO-Z.com with considerable caution. Even though they’ve operated for over a decade and claim regulation in Hong Kong, several persistent issues stand out for me. The most pressing concern is the volume of withdrawal complaints—multiple users have reported being unable to access their funds, sometimes even after being asked to pay unexpected “individual tax” or margin fees. Delays and the inability to process withdrawals undermine the very trust necessary for any trading relationship. Additionally, the broker’s official website has often been inaccessible, which for me severely impacts transparency and the ability to verify up-to-date company information or reach customer support. There are also troubling reports about large spreads and slippage affecting trading outcomes, which can introduce further unpredictability—especially for those with tight trading strategies. While GMO-Z.com is regulated by the SFC, its previous UK regulatory license was revoked, which adds another layer of uncertainty regarding its overall operational assurances outside Hong Kong. Given these experiences and observations, I believe anyone considering GMO-Z.com should be very cautious, confirm all withdrawal procedures and fees in advance, and be prepared for potential difficulties accessing both funds and reliable customer service. For me, these risks outweigh most advantages the broker advertises.

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