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Security
GMO-Z.com (Thailand) is a brand of GMO-Zcom Securities (Thailand) Company Limited. The company is part of Japan-based GMO Financial Holdings, which is a subsidiary of GMO Internet Group in its turn.
This Japanese holding company is represented by brokerage brands in many countries, including Japan, the United Kingdom, China (Hong Kong), etc. Its division in Thailand has been established relatively recently. The company was founded in 2016. In a couple of months, it received a license from the Securities and Exchange Commission of Thailand. The broker also obtained a Sor-1 license which allows it to trade derivatives.
Trading conditions
GMO-Z.com (Thailand) specializes in securities trading, providing margin loans to small and medium scale traders. The broker’s clients have an opportunity to trade stocks of more than 600 different companies.
The total commission is 0.065% for both margin accounts and cash balances. It does not include payments to stock exchanges (0.005%), clearing fees (0.001%), and regulation fees (0.001%). The total daily commission is 0.007%.
The fee for opening a credit balance is 0.05% of the credit limit but not more than THB 10,000. The standard interest rate when purchasing securities with credit funds is from 5.95%. Credit funds in this case are money borrowed from the broker in order to increase the purchasing power of securities. In this case, the acquired assets immediately become security for a loan (up to the moment of their enforced sale).
Promotional offers and bonuses
There is no information about promotional offers and bonuses on the broker’s official website.
Education
The official website of GMO-Z.com (Thailand) has a section with frequently asked questions, necessary information content, and a schedule of training meetings and seminars.
Support service
The support service is available via feedback form, phone, and email. The company’s headquarters are in Bangkok.
Deposit and withdrawal of funds
Deposits and withdrawals are made through bank accounts.
The minimum deposit is THB 5,000. Money can be deposited through online banking and ATMs of Kasikorn Bank, Bangkok Bank, Krung Thai Bank, Bank of Ayudhya, and TMB Bank.
One can withdraw funds to a bank account saved in the electronic payment system.
Traders’ feedback
In general, GMO-Z.com (Thailand) clients are pleased with the quality of services provided by the broker. In rare cases, traders complain about delayed response from the company’s support service.
Advantages and disadvantages
The advantages of GMO-Z.com (Thailand) include regulation by a reliable financial authority, membership in a large international financial group, simple and clear trading conditions, favorable interest rates and commissions.
Among the disadvantages of GMO-Z.com (Thailand) are a limited choice of trading instruments, obstacles to trading for non-residents, the lack of useful information for beginners, and a language barrier.
