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  • GMO’s Z.com Trade adds deposits via China UnionPay Mobile Banking


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    China UnionPay mobile banking

    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.

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    GMO's Z.com Trade adds deposits via China UnionPay Mobile Banking

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