- What is Global GT?
- Global GT Pros Cons
- Is Global GT safe or a scam?
- Leverage
- Accounts
- Market Instruments
- Fees
- Spreads
- Deposits and Withdrawals
- Trading Platform
- Customer Support
- Education
- Conclusion
What is Global GT?
Global-GT is a newly established brand that officially started in 2019, yet is a part of the known GT Group that successfully operates in South East Asia through the brands FXGt and CryptoGT.
While its new brand Global-GT is 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 their entities due to good regulation, availability of high leverage, and a great way to global expansion.
Global GT Pros and Cons
Global GT account opening is easy and smooth, there is good range of Cryptocurrencies to trade also funding methods including Bitcoin and other Cryptos.
Global GT also offers promotions, such as Welcome and Loyalty Bonuses, to both novice and experienced traders respectively.
On the flip side, education tools and research are rather limited.
10 Points Summary
| 🏢 Headquarters | South Africa |
| 🗺️ Regulation and License | FSCA, FSA |
| 🖥 Platforms | MT5, WebTrader |
| 📉 Instruments | Forex, Cryptocurrencies, Precious Metals, Energies, Equity Indices, Stocks, NFTs, DeFi Tokens, Synthetic Pairs, GTi12 Index |
| 💰 EUR/USD Spread | 1.4 pips |
| 🎮 Demo Account | Unlimited |
| 💳 Minimum deposit | 5$ |
| 💰 Base currencies | BTC, ETH, USDT, ADA, XRP, EUR, USD depending on Account Type |
| 📚 Education | LearnHub tool, Webinars, Video tutorials |
| ☎ Customer Support | 24/7 |
Is Global-GT safe or a scam
No, Global GT is not a scam, it licensed FSCA broker considered lower risk Forex due to regulations.
Is Global-GT legit?
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, you should also check brokers’ claims through the official regulatory site, in 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 in South Africa we consider the broker as a trustable one.
How are you protected?
There are serious measures done by the broker to prove its Fund Security which includes Capital Adequacy Ratio above 40%, while processing transactions with Tier 1 Banking and Segregated accounts, and all is done under Regulatory Supervision and strict Risk Management.
Leverage
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.
- Leverage up to 1:1000 for Forex instruments.
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.
Accounts
The broker offers 6 LIVE accounts: Cent, Mini, Standard FX, Standard Plus, PRO, and ECN available for practice purposes. Standard PLUS is suitable for traders who look for high leverage (up to 1000) and other types of rewards. PRO is suitable for traders who can unfold their trading strategies utilizing low spreads and zero commission for opening or closing their positions.
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 include 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.
Trading Instruments
The offering of Market instruments proposing has a total of 743 instruments:
- Cent 30 Instruments
- Mini 72 Instruments
- Standard FX 173 Instruments
- Standard + 100 Instruments
- PRO 184 Instruments
- ECN 184 Instruments
Also, for PRO account:
- 54 FX pairs
- 32 Cryptocurrencies
- 11 Synthetic Cryptos
- 5 NFTs
- 2 Coins
- 10 DeFis
- 3 Precious Metals
- 3 Energies
- 10 Equity Indices
- 54 Stocks
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.
Fees
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 the 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 |
Spreads
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 1:1000, and average spread for UK100 Stock 3 points.
Swap fees, however, are added on above in case your are holding overnight positions also defining specific fees 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 traders of bigger sizes or partners.
| Asset/ Pair | Global GT Spread | GO Markets Spread | XM Spread |
|---|
| EUR USD Spread | 1.4 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 |
Additional fees
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 is the deposit or withdrawal fees are waived to 0$, which may depend on the region you registered too, read more about deposits in our Global-GT Review further.
Deposits and Withdrawals
Deposits to the live trading account can be done in numerous convenient ways while the payments will attract no additional processing fees. Another progressive feature is that being the first Hybrid regulated Forex Broker Global-GT allows trade, deposit, and withdrawal in both Fiat and Crypto.
Deposit Options
The payment options including
- Credit Cards – Visa, Mastercard
- SticPay Wallet – e-money transfer service
- InstantEFT – e-money transfer service
- LuqaPay – e-money transfer service
- Perfect Money – e-money transfer service
- Skrill – e-money transfer service
- Neteller – e-money transfer service
- Bank Transfer
Minimum deposit
A minimum deposit amount is another pleasant point to mention since Global-GT requires only 5$ 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 |
Withdrawal
Global GT Withdrawal options are similar 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.
How long does it take to withdraw money from Global-GT?
Withdrawal of money isn’t a complicated process, as all money management is 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.
Trading Platforms
Global-GT choose as its trading platform the popular MetaTrader and its newer version MT5 packed with full features and add-ons available for trading, also with no restrictions on strategies.
Web Trading
Additionally, there is an option to use WebTrader a Web-based platform with easy access and no requirement for 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 | |
Desktop trading Platform
But if you deploy sophisticated strategies, using some specified tools, or 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.
Look and feel
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 Platform
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.
Customer Support
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.
Education
Global-GT supports beginner traders with education materials through the Global GT Learn Hub. It includes Live Daily Webinars, Trading Video Tutorials, Educational articles, Financial News and Trading insights. Moreover, traders can communicate with the broker’s financial experts. Unique educational videos, suitable for novice traders by introducing them to the financial markets. Global-GT traders can access MT5 Tutorials, Live Trading Sessions and participate in Real-time Trading Debates.
Research
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.
Conclusion
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…….