Global GT Review

Global GT

Global GT

https://globalgt.com

  • Leverage: 1:1000

  • Regulation: FSCA, SFSA

  • Min. Deposit: 5 US$

  • HQ: South Africa

  • Platforms: MT5, WebTrader

  • Found in: 2020

Global GT Licenses

  • GT IO Markets (Pty) Ltd authorized by FSCA (South Africa) registration no. FSP 48896
  • 360 Degrees Markets Ltd – registered by FSA (Seychelles) registration no. SD01

 

 

  1. What is Global GT?
  2. Is Global GT safe or a scam?
  3. Leverage
  4. Accounts
  5. Market Instruments
  6. Fees
  7. Deposits and Withdrawals
  8. Trading Platform
  9. Customer Support
  10. Education
  11. Conclusion

What is Global GT?

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.

ProsCons
Part of the GT Group with years of operation No advanced education
First Regulated Hybrid BrokerTraders should check if they are able to trade with Global GT due to regulations
MT5 and WebTrader with EAs Conditions may vary according to regulation and entity
Low minimum deposit
24/7 support
Good range of instruments
Money transfers and trading of Cryptos and Fiats

10 Points Summary
🏢 HeadquartersSouth Africa
🗺️ Regulation and LicenseFSCA, FSA
🖥 PlatformsMT5, WebTrader
📉 InstrumentsForex pairs offered, Cryptocurrencies, Commodities offered, Stocks offered, Indices offered
💰 EUR/USD Spread1.9 pips
🎮 Demo AccountUnlimited
💳 Minimum deposit5$
💰 Base currencies4 CRYPTO & 3 FIAT: USD, EUR, BTC, ETH, XRP, USTD, ZAR
📚 EducationNo Advanced education, Trading Tools
☎ Customer Support24/7

Is Global-GT safe or a scam?

The first question to ask when Review broker and Global-GT Review, in particular, is to verify its licenses and regulatory obligations. Only regulated brokers considered safe to trade and invest with while we highly recommend to avid offshore brokers still.

ProsCons
Regulated broker with good history of its group operation Many world regions are restricted from account opening due to regulations
FSCA license and overseeingInternational proposal through offshore entity
Negative balance protection

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’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.

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 transaction 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 1:100 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 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.

ProsCons
Fast account openingNone
Standard Account and Practice Account
Easy switch between Demo Account and Live Accounts
Swap-Free account available
Range of Account base currencies

Account types

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.

Trading Instruments

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.

Fees

For the trading fees through it single account offering, Global-GT proposes a floating spread or variable spread basis, where spread is dependent on the market conditions.

ProsCons
Spread only basisOnly Spread account offered
Low Standard account spreads
Unique selection of trading instruments
No hidden costs

Forex Fees

Forex fees and likewise CFD fees for commodities, Indices and other instruments likewise. As we discover through Global-GT Review its spreads are 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.

Comparison between Global GT fees and similar brokers
Asset/ PairGlobal GT FeesGO Markets FeesXM Fees
EUR USD1.6 pips1.2 pips1.6 pips
Crude Oil WTI31.9 pips5
Gold0.30$1.4 pips35
BTC USD2.50 $0.75%60
Inactivity feeYesYesYes
Deposit feeNoNoNo
Fee rankingLowAverageHigh

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, 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 a first Hybrid regulated Forex Broker Global-GT allows trade, deposit and withdrawal in both Fiat and Crypto.

ProsCons
Fast digital deposits and withdrawalsSkrill and Neteller payment services process payments solely for GT IO Markets (Pty) Ltd
0$ internal deposit fees or withdrawal fees
Very low minimum deposit – 5$
Multiple Account Base Currencies including Cryptos

Deposit Options

The payment options including

  • Credit Cards – Visa, Mastercard
  • Cryptocurrency – BTC, ETH, USDT, XRP
  • StickPay Wallet – e-money transfer service
  • Swiffy – Instant Bank Transfers
  • 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.

Withdrawal

Likewise deposit option you may use the same methods for money withdrawal. 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 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 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 on installations. For regular or beginning traders this option might be enough for basic analysis, trading and management.

ProsCons
Mainstay on MT5 and WebTraderNone
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, 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.

ProsCons
24/7 supportNone
Quick response and Relevant answers
Live Chat, International Phone Lines and email
Highly recognized customer care service

Education

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.

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. 

ProsCons
Free trading signals and research toolsNo Comprehensive Education
Trading ideas
Market Sentiment, Trading Insights

Conclusion

Global-GT showed us a broker that just started its path, yet lean 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.

Nevertheless, not all regions can access Global-GT trading proposals and open accounts with them, yet those who can will benefit from the good trading conditions Global-GT offers including indeed a great options for Cryptocurrency trading, also allowing to deposit and withdraw in Bitcoin or other Cryptos.

Nevertheless, we would be happy to know your personal opinion about Global-GT, share your personal experience or if none refer to us for some additional information on the comment area below.

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5 responses to “Global GT”

  1. 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?

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