Leverage: 1:1000
Regulation: FSCA, SFSA
Min. Deposit: 5 US$
HQ: South Africa
Platforms: MT5, WebTrader
Found in: 2020
Global GT Licenses
Global-GT is a newly established brand that officially started in 2020, yet is a part of known GT Group that successfully operates in South East Asia through the brands FXGt and CryptoGT.
While its new brand Global-GT dedicated to focusing on the world and international proposals with an expansion approach through an established operation in South Africa. South Africa now is a growing trend in the Forex industry where more brokers opening its entities due to good regulation, availability of high leverage and a great way to global expansion.
Moreover, Global-GT approach stands further as it is the First regulated Hybrid Broker and STP Execution model via NDD while providing necessary tools and a professional approach to trading.
Global GT account opening is easy and smooth, there are good range of Cryptocurrency to trade also funding methods including Bitcoin and other Cryptos.
On the flip side, education tools and research are rather limited.
| 🏢 Headquarters | South Africa |
| 🗺️ Regulation and License | FSCA, FSA |
| 🖥 Platforms | MT5, WebTrader |
| 📉 Instruments | Forex pairs offered, Cryptocurrencies, Commodities offered, Stocks offered, Indices offered |
| 💰 EUR/USD Spread | 1.9 pips |
| 🎮 Demo Account | Unlimited |
| 💳 Minimum deposit | 5$ |
| 💰 Base currencies | 4 CRYPTO & 3 FIAT: USD, EUR, BTC, ETH, XRP, USTD, ZAR |
| 📚 Education | No Advanced education, Trading Tools |
| ☎ Customer Support | 24/7 |
No, Global GT is not a scam, it licensed FSCA broker considered lower risk Forex due to regulations.
Global-GT legit information we check through the official website where the broker mentions its licenses and regulation by the FSCA in South Africa and registration by the Seychelles FSA.
Afterword’s, you should also check brokers’ claims through the official regulatory site, it this case FSCA and verify conditions again. Luckily, Global-GT is legit and regulated so you can be assured of its transparency and aligned safety measures controlled by the international authority.
Even though. Seychelles regulation is rather limited and on its own is not the best choice, but considering the good record of the GT.IO and additional regulation is South Africa we consider the broker as a trustable one.
There are serious measures done by the broker to prove its Fund Security which includes Capital Adequacy Ratio above 40%, while processing transaction with Tier 1 Banking and Segregated accounts, and all is done under Regulatory Supervision and strict Risk Management.
Leverage as a tool that allows magnifying your initial balance so you’re able to operate a bigger trading size is another popular and famous feature in Forex trading. Global-GT is not an exception so you can use leverage for your trading activity, moreover being regulated in South Africa traders can still access high leverage ratios.
Nevertheless, leverage works in both directions meaning you can lose and gain higher amounts compared to your trading account balance so be sure to learn well how to use leverage smartly. Also, leverage ratios depend on the instrument you trade and may also vary according to the entity of Global-GT since regulatory restrictions may vary.
The broker offers 4 LIVE accounts: Cent, Mini, Standard and ECN available for practice purposes. In addition, the account can be opened in a few different currencies even including Cryptos as a base one, allowing easy money transfers to or from the account and avoiding conversion fees, which including USD, EUR, BTC, ETH, XRP, USTD, ZAR.
The account opening from which you will have access to trading itself as well as money management, transfers along with fee reports and a full range of offered services are available through your Personal Account Area.
The offering of Market instruments proposing a great variety which includes 48 Forex pairs, 13 Cryptocurrencies, 5 Commodities, 53 Stocks and 8 Indices. Eventually, you will find pretty good conditions for the trading of those instruments as well, with the only exception that Global-GT does not offer trading of Futures and Options.
Global-GT proposes a floating spread or variable spread basis, where spread is dependent on the market conditions. Also, we check funding fees and inactivity fees to get full pricing picture.
| Fees | Global GT Fees | GO Markets Fees | XM Fees |
|---|---|---|---|
| Deposit Fee | No | No | No |
| Withdrawal Fee | No | No | No |
| Inactivity Fee | Yes | Yes | Yes |
| Fee ranking | Low | Average | High |
Global-GT Review found spreads quite competitive and offer a good solution for the trading of different instruments including Stocks. Stocks trading likewise offered with a spread and leverage up to 1:100, and average spread for UK100 Stock 3 points.
Swap fees, however, are added on above in case your holding overnight positions also defining specific fee according to the instrument, unless you request to trade via Swap-Free account which is available as well. Alike metals swaps are added on once a day – midnight, while Cryptocurrency swaps are charged every 4 hours.
Nevertheless, Global-GT offering also an opportunity to get tailored trading solutions available for the traders of bigger size or partners.
| Asset/ Pair | Global GT Spread | GO Markets Spread | XM Spread |
|---|---|---|---|
| EUR USD Spread | 1.6 pips | 1.2 pips | 1.6 pips |
| Crude Oil WTI Spread | 3 | 1.9 pips | 5 |
| Gold Spread | 0.30$ | 1.4 pips | 35 |
| BTC USD Spread | 2.50 $ | 0.75% | 60 |
For the additional or non-trading fees conditions, you should note there is an Inactivity Fee of 10$ per month in case of inactivity in your trading account. The good news, the deposit or withdrawal fees are waived to 0$, which may depend on the region you registered too, read more about deposits in our Global-GT Review further.
Deposits to the live trading account can be done in numerous convenient ways while the payments will attract no additional processing fees. Another progressive feature is that being a first Hybrid regulated Forex Broker Global-GT allows trade, deposit and withdrawal in both Fiat and Crypto.
The payment options including
Minimum deposit
A minimum deposit amount is another pleasant point to mention, since Global-GT requires only 5$ at the start allowing beginners or any size traders to engage, or equivalent USD 5 / EUR 5 / BTC 0.0001 / XRP 25 / ETH 0.05 / USTD 25. Yet, always make sure to verify trading conditions for the instrument you will trade since you need to cover its margins and deploy a money management strategy smartly.
Global GT minimum deposit vs other brokers
| Global GT | Most Other Brokers | |
| Minimum Deposit | $5 | $500 |
Global GT Withdrawal options similarly to deposits including bank wire, card and e-wallets. Nevertheless, always good to check with the customer service about conditions and specified terms for your residency and region.
Withdrawal of money isn’t a complicated process, as all money management performed from your online account area. Typically Global-GT processes withdrawals within 1-2 business days for bank transfers and the average withdrawal time is 3 hours, however, allow additional time for your payment provider or other procedures.
Global-GT choose as its trading platform popular MetaTrader and its newer version MT5 packed with full features and add-ons available for trading, also with no restrictions on strategies.
Additionally, there is an option to use WebTrader a Web based platform with easy access and no requirement on installations. For regular or beginning traders this option might be enough for basic analysis, trading and management.
| Pros | Cons |
|---|---|
| Mainstay on MT5 and WebTrader | None |
| Numerous tools in package including with allowed hedging, scalping and EAs | |
| Technical Indicators | |
| No restrictions on strategies | |
| Available in various languages |
But if you deploy sophisticated strategies, using some specified tools, would like to Auto trade your strategies Desktop platform is your choice. Global-GT included powerful features in its MT5 too, enhancing capabilities with Market Sentiment and additional tools.
Desktop versions are suitable for any type of software you use, also proposing its advancing options for analysis, technical analysis and more.
MT5 is quite famous for its clean view and look, the platform is easy to navigate and add on some features. In addition, you can find tons of guidelines available in case you use it for the very first time.
Mobile trading is another trend that includes Trading App allowing to trade on the go right from your smartphone. Even though App is not a full-feature trading platform with all the possible tools, you can still make basic analysis, take control over the positions and manage your account, which is indeed very useful.
Broker’s team and Customer Support available around the clock and supporting international traders and is accessible via Online Chat, via the Ticket, Email in the English language.
Via our Global-GT Review we found its service quite responsive and professional, which is indeed necessary for your fruitful cooperation with the broker and solve of any ongoing concerns.
The last point of education, is, unfortunately, a con in Global-GT proposal, as broker did not develop an education center with videos, webinars or seminars. But it can be just a temporary case since the broker is a freshly made one. Nevertheless, there are great trading tools that are included into the platform so you won’t lose on great capabilities anyway.
As for the Research tools, there are great tools included into the MT5 platform itself while the broker also supports traders with market Sentiment, Trading Insights and Economic Calendar along with other great research tools the platform is famous for.
Global-GT is a broker standing on a good record and sustainability of its mother-company trading brand. Most importantly, Global-GT obtained necessary regulations from South Africa allowing to expand its proposal legally and trustworthy. Global-GT offers including indeed a great options for Cryptocurrency trading, also allowing to deposit and withdraw in Bitcoin or other Cryptos.
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Ay for me, I want nothing to do with this broker. Someone recommended it to me few days ago on facebook, registered an account with them and got their $35 no deposit bonus, yes their spreads were high but fine. I traded because I needed a start since I cant afford to deposit, in less than a week. I had made $100, then I had good trades running when they were suddenly all cancelled and I couldn’t place any trades, I contacted them twice but no one seemed to know what was happening with my account. The following day, I receive an email saying “I had 2 accounts” like what the hell would I do with 2 accounts when I’m just trying out to see the legicimacy of the broker, then I was blocked, I couldn’t even contact them to find out how did they come to that conclusion of me having more than one account which is against their bonus T&c’s. I feel cheated by them and hurt.
Dear Sihle Nene,
We have come across with your recent comment and we would like to inform you that we have examined your case carefully.
It was pointed out however by our team that there was a violation of the terms and conditions for two main reasons; multiple accounts were opened instead of one and when the required verification documents were requested, it was not provided to us, hence we were obliged to proceed with the cancellation of the accounts.
For further clarifications on the above, we kindly invite you to contact our Support team for assistance. We are at your disposal 24/7!
I don’t nothing with this broker they scamme us,I made 300$ from their bonus and made withdrawal now it’s been a week waiting to receive it while their waiting period is 24hours. When I email or chart live them they keep on saying wait for 24hours everyday and people should stay away from it
Hey Pethulo. I wanna try out the services of this broker especially the no deposit bonus. Did you finally get your withdrawal?
Has a withdrawal arrived? Or we say the company is a scam ؟
Heeee Im so disappointed wanna see what’s going to happen with mine
That broker it’s a scam they scammed me my money don’t go there
Global GT IS A FORCE TO BE RECCONNED WITH THE FIRST EVER HYBRID BROKER
READ THE TERMS CAREFULLY TO ENJOY A GOOD PLATFORM WITH QUICK WITHDRAWALS
no guys lets use logic the bonus is for you to have a high equity that can hold a draw down and you cant withdraw the bonus guys, you cant not deposit an amount and expect to get something from the broker, the bonus is just like a privilege…. so lets use logic please guys…….