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 |
| 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 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.