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Traders Reviews
Excessive fees
Service use: Live
Length of use: 0-3 Months
Funded my account with £200 just to make a test and requested a refund. They only refunded me £155 saying the rest is the withdrawal fee.
I doubt they make a living trading.
I doubt they make a living trading.
not a trustworthy Broker
Just found GMO trading linked from a Fake news Page about the biggest deal in the history of Dragons Den, then I just had to take a closer look and found on Facebook posts about GMO where people seen ads, where they use Photos from celebrities, make a story around that pretending they are clients of GMO and Bitcoin Revolution what is also FAKE and not legal to do so, now I'm questioning the license in Cyprus is either not real or they don't really mind losing it cause no real broker uses Fake stories about a tv show to lure in clients besides they violate copyright right, there are just too many things that are not right to trust this broker.
besides there are many bad reviews on German Pages about them Better stay away
besides there are many bad reviews on German Pages about them Better stay away
1 trader has found this review helpful
GMO Trading (Royal Forex) are scammers!!! Please stay away from this broker
Service use: Live
Length of use: 0-3 Months
Dear traders, I have reported to CySec a misconduct episode with two employees of GMO.
Short description of the issue:
1. They provide misleading information about commissions and swaps
2. They deal like money managers and advisers directly and indirectly provide recommendations over the phone and email by sharing their screens and pushing to open trades, which in most cases are big losses because of huge commissions and swaps, which are not clearly explained for the customer.
Because of this (financial recommendations to open trades with huge commisions) I have lost all my funds.
Short description of the issue:
1. They provide misleading information about commissions and swaps
2. They deal like money managers and advisers directly and indirectly provide recommendations over the phone and email by sharing their screens and pushing to open trades, which in most cases are big losses because of huge commissions and swaps, which are not clearly explained for the customer.
Because of this (financial recommendations to open trades with huge commisions) I have lost all my funds.
1 trader has found this review helpful
Don't go with them
Service use: Live
Length of use: 0-3 Months
They are taking your money,charges me £60 swap commission in a single loser share, £34 in a share making £0.64 hahah,yes what u read is right, app is not working so you cannot log in, don't deal with them
Bunch of thieves
Service use: Live
Length of use: 3-6 Months
Had a 300 euro account with them and these thieves charged a 160 euro (!!!) dormant fee, effectively halvening my account value. In the end they refunded my money when a told them I would write a review here. What a bunch of thieves!
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