GMO’s Trade adds deposits via China UnionPay Mobile Banking

China UnionPay mobile banking 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
SPD Bank 200,000 200,000
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, and Exness.

GMO Click paid $6.8 million to purchase the 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.

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