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Minimum deposit$5 |
LicencesFSA, FSCA |
Trading PlatformMT5, |
Founded in 2020, Global GT is already a reputable CFD and Forex broker, operated by a famous, GT Group. The company has been operating for the last few years, offering traders in different regions trading services. The GT Group is operating several successful brands offering trading services. FXGT and CryptoGT are focused on the South East Asian region, primarily Japan. Global GT is empowered with international aspirations starting from South Africa and expanding its services globally.
The idea behind Global GT, as a newly-established Forex broker, is to offer services on a larger scale. The aim of the company is to offer services in different regions of the world. For this purpose, the broker offers some of the most competitive services that are very hard to deny.
But, this is not all – the broker has adopted a very high standard of customer safety. It is licensed by two regulatory agencies, guaranteeing the safety and security of trader’s funds. So, if you want to learn more about the offerings and services of the broker, follow our review of Global GT and start trading today!
Reviewing Global GT – Regulations & customer protection
To offer services globally, the broker is licensed by two regulatory agencies in two jurisdictions. GT Io Markets Ltd is registered in South Africa and is regulated by the Financial Sector Conduct Authority of the country. Global GT is also registered in Seychelles, as 360 Degrees Markets Ltd, by the Seychelles Financial Services Authority.
There are several policies that the Forex broker has adopted to make sure that every trader is kept safe at all times. The capital adequacy ratio of the broker is above 40%, which is one of the guarantees of fund security. To make sure that the funds of traders are kept safe at all times, the Forex broker keeps the funds of its clients on segregated bank accounts. It does so by partnering with some of the best-known, reputable tier 1 banks.
Account segregation is a very important tool in safeguarding the funds of traders. This way, no matter what goes wrong, you, as a trader, will be able to have access to your funds.
Our review of Global GT shows that the broker has also adopted the Negative Balance Protection. This is a very important tool, which is tailored to make sure that traders don’t lose more money than they can afford. With the help of the negative balance protection, even if you use very high leverage, you can be sure that you don’t lose more money than you already have on your trading account.
Reviewing Global GT trading instruments
One of the biggest advantages of Global GT is that it offers clients access to more than 500 assets. This is an amazing offering for those who are looking for ways to diversify their trading portfolio. The Forex broker offers traders access to the following assets:
- Cryptocurrencies
- Forex currency pairs
- Commodities
- Stocks
- Indices
Trade more than 25 cryptos at Global GT
In recent years, crypto trading has become increasingly popular. The demand for crypto is increasing every day, with more and more people becoming invested in this market. Global GT review shows that this broker has taken its time to make sure that the demand of traders is met, it offers you access to more than 25 most popular digital assets, in addition to additional 7 unique synthetic pairs.
More than 48 currency pairs available at Global GT
Forex trading is the biggest financial market globally. There are millions of people trading Forex right this moment. Global GT made sure that the demand of Forex traders is met by offering as many as 48 currency pairs. You can trade any type of currency pair at Global GT, including majors, minors, and exotics.
Commodities trading at Global GT
Commodities have always been a very popular asset for traders globally. At Global GT, you can trade different types of precious metals, such as Gold, and energies. In total, there are 5 commodities available for the clients of Global GT.
Stocks trading at Global GT reviewed
Stocks tend to be a very popular choice for trading among investors. At Global GT, you can trade stocks of leading companies. In fact, there are more than 53 stocks available at the broker. You can trade stocks of companies like Apple, American International Group, Amazon, Bank of America, Walt Disney, Ford, and many others.
Traders are also able to invest in indices at Global GT, which is favored by many traders. There are 8 well-known indices available at Global GT, such as Dow Jones Industrial Average, Nasdaq 100, DAX 30, and many others.
Reviewing account types of Global GT
To be able to start trading Forex, you will be required to open a trading account. The Forex broker offers traders four types of account:
- Cent Account
- Mini Account
- Standard Account
- ECN Account
If you are a beginner in the Forex trading market and you are having a little hard time understanding where to start, you can go on and sign up for the demo trading account of Global GT. Demo trading account is a great way to start trading Forex, because, with this type of account, you will not have to risk your own, hard-earned money.
In fact, the broker will provide you with a certain amount of virtual cash which can be used for trading. The demo trading account perfectly resembles the trading market. However, keep in mind that this account type is not created for profits, it is very much like an exercising account, where you get to test different types of trading strategies, try out the offerings of the broker, see how you can utilize the offerings of the trading platform, and so on.
As for the other trading accounts, it can be a great choice for traders of all backgrounds. The trading accounts of the Forex broker is designed so that it meets the needs of every trader. The base currencies of the account can be anything from USD, EUR, JPY, BTC, ETH, and USDT. South Africa traders have also the option of ZAR as a base currency. The leverage for traders is up to 1:1000, which is a very generous offering. The minimum deposit to create a live trading account is USD/EUR 5. As for BTC payments, it is 0.0001, for ETH it is 0.05, and for USDT – 25. The maximum number of orders for a standard account is 100.
The Forex broker offers traders market execution, which means that all orders are executed at the best available market price thanks to the liquidity providers.
Creating a live trading account
Creating a live trading account at Global GT is not hard, in fact, it is a very easy process that takes only a few minutes. The Forex broker follows the Know Your Customer policy, which means that every trader will have to prove their identity. For this, you will have to provide some documents. Traders are required to provide a copy of a valid passport or national ID to verify their identity.
It is also required to provide a copy of your recent utility bill, dated within the last 3 months. This is needed to confirm your registered address. Creating a live trading account should not take more than a minute. It is a very comfortable and easy-to-understand process.
Can you create an Islamic account at Global GT?
The Forex broker has many times shown its dedication towards becoming a well-known Forex broker internationally. We were very glad to see that the broker offers traders the Islamic account, which has become an absolute necessity in recent years. Forex trading has become a very diverse market, attracting traders of all backgrounds.
In the Quran, Sharia law prohibited paying or accumulating any type of interest rate. The Islamic account does so by offering trading services to people of Islamic belief without having to worry about swaps, which is why it is also sometimes referred to as a Swap-Free trading account.
Payment methods of Global GT review
Once you have decided that you want to create a live account and start trading with your own funds, it is time for you to make your first deposits. Thankfully, there are a number of options that you have for depositing funds. If you want to use more traditional payment solutions, such as credit cards and bank transfers, or modern solutions such as E-Wallets. You can make payments and withdraws using Visa and Mastercard, Cryptocurrencies (BTC, ETH and USDT) or go with online payments such as StickPay Wallet, Skrill, and Neteller. South Africa traders also have the option of Swiffy and Wire Transfer.
The minimum deposit to create a live trading account is only $5. The best thing about the Forex broker is that it charges no fees for payments. The only fee that Global GT charges is an inactivity fee of $10 per month.
Contacting the customer support team
While reviewing Global GT, we wanted to focus on every detail. While trading Forex, it is very important to be able to get in touch with a professional customer support team, that is always able to provide you with accurate information and help. We were very glad to find out that the customer support team of Global GT is very helpful, it offers traders the ability to get needed help 24 hours a day.
There are several ways you can get in touch with the customer support team of Global GT. You can use the online chat of the broker, which is available on every page of the website. There also is a special form that you can fill out, called a ticket, to send the customer support team your questions. Also, there is an option to contact the customer support team through email. We tried all of these options and were very glad to find out that they are very helpful. We were glad to see our questions answered professionally.
Review of Global GT – Special bonuses offered to clients
The Forex broker focuses on the experience of its clients and wants to create an environment that is enjoyed by everyone. Global GT offers traders numerous types of bonus and promotional systems, which can be very helpful for traders. There are three types of bonuses available at Global GT, the $35 no deposit bonus, the 60% welcome bonus, and the 30% loyalty bonus.
The welcome deposit bonus of the broker offers traders to get 60% of their deposit as a gift from the broker. The maximum deposit bonus is $600, the loyalty deposit bonus, which offers traders 30% of their deposit, the maximum deposit bonus is $6,000. The bonuses are granted to traders when they transfer their funds from eWallet to the MT5 trading account.
Global GT trading platforms
The trading platform is probably one of the most important things in Forex trading. You will be spending a huge majority of your time on the trading platform either working on your analysis or making moves. The Forex broker offers traders MetaTrader 5, which is one of the best-known and popular trading platforms in the market.
MT5 was created by a famous Russian company, called MetaQuotes. MetaTrader 5 is very user-friendly and easy-to-use. It has an amazing interface that is very easy to understand and master. Our Global GT review shows that the broker offers a downloadable version of MT5 for Windows and Mac devices, as well as browser-based, MetaTrader 5 WebTrader, which is an amazing solution for those who do not want to download additional applications on their computers.
The broker also offers traders the ability to trade Forex using their smartphones, which a very important thing. In recent years, Forex trading using smartphones has become very popular. There are millions of people using their phones for trading purposes. You can use the special MT5 application of Global GT on both, iOS and Android devices.
Thanks to mobile trading, you can always stay in touch with the trading market no matter where you are.
Can Global GT be trusted?
While reviewing Global GT, we made sure to focus on every little detail. We were very glad to find out that this Forex broker offers traders amazing services and is always ready to provide much-needed help to its clients any time of the day. The Forex broker has worked very hard to create a place for traders of all backgrounds, and we believe that it has managed to do so.
Global GT offers traders access to more than 500 trading assets, which includes crypto, Forex, and stocks among many others. The trading platform of the broker works very well and the execution of the broker is swift. Because of this and many other reasons that we have already discussed throughout this review, we believe that Global GT is one of the best brokers in the market and we recommend this broker to everyone!