GMO-Z.com Trade UK Limited, the FCA regulated brokerage arm of Japanese retail forex giant GMO Click Holdings Inc (TYO:7177) has announced that it will now be accepting deposits through China UnionPay Mobile Banking Payment.
The following details pertain to Debit Cards issued by the following Chinese banks:
|Bank||Per Transaction Limit (RMB)||Daily Limit (RMB)|
|China Merchants Bank||5,000||5,000|
|Bank of China||5,000||5,000|
|China Construction Bank||500||500|
|China Everbright Bank||20,000||20,000|
|Agricultural Bank of China||50,000||50,000|
|Industrial and Commercial Bank of China||5,000||5,000|
|Postal Savings Bank Of China||20,000||20,000|
Tokyo-based GMO Click is, by volume, the world’s largest retail forex broker doing more than $1 trillion in OTC spot forex volumes per month, mainly in Japan. By comparison, the largest ‘Western’ retail FX brokers do in the $200-400 billion range such as Saxo Bank, Gain Capital’s Forex.com, and Exness.
GMO Click paid $6.8 million to purchase the z.com domain name in 2014, rebranding its global retail forex operation to the rare one-letter domain while launching an FCA-regulated London-based operation at around the time.