FX and CFD brokerage Z.Com Trade has announced the introduction of a new payment method. Starting from February 5th 2016, customers can deposit and withdraw their funds through the Skrill payment system. Aside from the regular deposit options, which include UnionPay, a bank wire transfer, the Skrill option will unlock an opportunity for Z.com to target smaller clients.
Z.com Trade stated that it won’t charge additional fees when it comes to deposits and withdrawals. The decision to enable the new payment method was made to enable faster funds flow according to the company's statement.
Recently, DMM FX made another decision related to payment options as it decided to waive deposit and withdrawal fees. The decision will take effect next Monday February 8th at 22:00 GMT. Z.com is one of the brokers which are already competitive in this department as the company doesn't charge its clients for withdrawals and deposits.
The moves by Z.com Trade and DMM FX show that payment options are one of the key components of a company's offering and may play a role when customers decide which broker to pick. The trend may unfold further in the near future as other brokerages step in with competitive offerings.
Z.Com Trade is a subsidiary of the largest brokerage by volume on the Japanese market and in the world, GMO Click. The entity aims to reach a wider group of customers by targeting clients globally. The establishment of the new FCA regulated brand was reported back in 2014. The former parent company of GMO Click, GMO Internet, paid nearly $7 million for the “www.z.com” domain name. The finishing letter of the alphabet is intended to represent the 'last word' or 'the ultimate'.
