Global GT Review
Global GT was established with the aim to revolutionize traders’ experience. Priority is to try and offer the best of both worlds; FX and Cryptos. Global GT - first broker to have adopted the term 'Hybrid'.
Broker: Global GT
Leverage: 1:1000
Regulation: FSCA, FSA
Min. Deposit: 5 US$
HQ: South Africa
Platforms: MT5, WebTrader
Found In: 2019
Website: globalgt.com
Global GT Licences
GT IO Markets Ltd - Authorized by FSCA (South Africa) Registration No. FSP 48896
360 Degrees Markets Ltd. - Authorized by FSA (Seychelles), registration no. SD019
What is Global GT?
Global GT - the new brand, focuses on international and world proposals. It also has an expansion strategy through an existing operation in South Africa. South Africa is now a rising trend in Forex industry. More brokers are opening entities here due to high leverage and good regulation. This makes it a great place to expand globally.
Our philosophy is to continuously evolve and redefine the financial industry by paving the way for a new generation of traders, innovative instruments and trading models.
Overview
Global GT, a brand new to the market, was established in 2019. It is part of the GT Group which operates in South East Asia with the brands FXGt & CryptoGT. Group also operated prior to an international proposal Brand GT.io Review. However, it is no longer independent and all trading proposals are handled through Global GT.
Pros
MT5 trading platform
Over 500 financial instruments to trade
Good help centre
Free Demo account
Swap-free Islamic accounts
Support 24/7
Cons
No MT4 platforms
Inactivity fee
Limited research and education tools
Rating of the company overall
Reliability ⭐⭐⭐⭐
Platform ⭐⭐⭐
Commissions ⭐⭐⭐⭐
Support ⭐⭐⭐⭐
Financial instruments ⭐⭐⭐⭐
RATING: 3.5
Global GT is safe?
Global GT isn't a fraud. It licensed FSCA brokers, who are considered to be lower-risk Forex brokers, according to regulations.
Global GT is it legal?
Global GT legit information We checked through the official website of the broker where it mentions its licenses, regulation by South Africa's FSCA and registration with the Seychelles FSA.
You should verify the conditions and check broker claims on the official regulatory site, FSCA. Global GT is licensed and regulated, so you can rest assured that it follows international safety standards and transparency.
Despite the fact that. Although the Seychelles regulations are not very extensive and may not be the best, we still consider the broker to be trustworthy due to the GT.IO's good record and the additional regulation in South Africa.
What can you do to be protected?
Brokers take serious steps to ensure their Fund Security. These include a Capital Adequacy Ratio of above 40% and processing transactions with Tier 1 and Segregated accounts. All this is under strict Regulatory Supervision and Risk Management.
Leverage
Another popular feature of Forex trading is leverage. It allows you to increase your initial balance and allow you to trade larger volumes. Global GT allows you to leverage your trading activities. South African traders have access tohigh leverage ratios.
Forex instruments can be leveraged up to 1:1000
However, leverage can work in either direction. This means that you could lose or gain more than your trading account balance. Learn how to properly use leverage. Because of regulatory restrictions, the leverage ratios may differ depending on which instrument you trade.
Accounts
The broker offers six LIVE accounts: Mini, Standard FX and Standard Plus. PRO is also available. ECN is available for practice purposes. Standard PLUS is for traders looking for high leverage (upto 1000) or other types of rewards. PRO is for traders who are able to develop their trading strategies using low spreads and zero commission when opening or closing positions.
You can also open the account in several currencies, including Cryptos, to make it easy to transfer money from or to the account. This will avoid conversion fees such as USD, EUR and BTC.
Your Personal Account Area will allow you to open an account and access trading, money management, transfer, fee reports, as well as the ability to offer a wide range of services.
Trade Instruments
There are 743 instruments in total for the Market instrument proposal:
Cent 30 Instruments
Mini 72 Instruments
Standard FX 173 Instruments
Standard + 100 Instruments
PRO 184 Instruments
ECN 184 Instruments
For PRO accounts:
54 FX pairs
32 Cryptocurrencies
11 Synthetic Cryptos
5 NFTs
2 Coins
10 DeFis
3 Precious Metals
3 Energies
10 Equity Indices
54 Stocks
You will eventually find good trading conditions for those instruments, with the exception of Global GT not offering trading of Futures and Options.
Fees
Global GT offers a floating spread and variable spread basis. Spread is subject to market conditions. We also check funding fees, inactivity fees and other fees to provide a complete pricing picture.
Spreads
Global GT Review found that spreads are competitive and provide a great solution for trading different instruments, including Stocks. Stocks trading was also offered with leverage and spreads up to 1:1000 and an average spread of 3 points for UK100 Stocks.
Swap fees are charged if you hold overnight positions. They also define specific fees for each instrument. Unless you ask to trade through a Swap-Free account, which is also available. Like metals swaps are added once per day, at midnight. Cryptocurrency swaps, however are charged every four hours.
Global GT offers traders with larger trading volumes or partners the opportunity to receive tailored trading solutions.
Additional fees
You should also note that there is an inactivity fee of 10$ per calendar month for accounts that are inactive. The good news is that withdrawal and deposit fees are waived. This may vary depending on where you're registered. Read more about deposits in the Global GT Review.
Deposits and withdrawals
You can deposit to your live trading account in many convenient ways. The payments will be free of any additional processing fees. Global GT is the first Hybrid regulated Forex Broker to allow trades, deposits, and withdrawals in both Fiat or Crypto.
Deposit Options
There are many payment options available, including
Visa and Mastercard Credit Cards
SticPay Wallet – E-money transfer service
InstantEFT – E-money transfer service
LuqaPay – E-money transfer service
Perfect Money – emoney transfer service
Skrill – E-money Transfer Service
Neteller – E-money Transfer Service
Bank Transfer
Minimum deposit
Global GT has a minimum deposit which is a nice feature that allows beginners and larger traders to get involved. You should always verify the trading conditions of any instrument you intend to trade. This will ensure that you are able to manage your money well.
Global GT Minimum Deposit vs Other Brokers
Withdrawal
Global GT withdrawal options are the same as deposits such as bank wire, card and e-wallets. It is a good idea to contact customer service for details and terms specific to your region and residency.
What is the average time it takes to withdraw money from Global GT?
The process of withdrawing money is simple as everything is done online. Global GT typically processes withdrawals within 2-5 business days for bank transfer and 3 hours for other procedures.
Trade Platforms
Global GT chose MetaTrader as its trading platform. The newer version, MT5 is packed with all features and add-ons for trading. There are no restrictions on trading strategies.
Web Trading
WebTrader, a Web-based platform that is easy to use and does not require installation, is also an option. This option may be sufficient for beginners and regular traders to perform basic analysis, trade execution, and management.
Desktop Trading platform
If you are able to deploy complex strategies using certain tools or would like Auto trade your strategies Desktop platform may be the right choice. Global GT also included powerful features in its MT5 platform, including Market Sentiment and other tools.
The desktop versions can be used with any software, and offer advanced options for analysis, technical analysis, and many other features.
Take a look and feel
MT5 is well-known for its clear view and design. It is also easy to use and add features. Moreover, the platform has a lot of guides that can be used if you are just starting to use it.
Mobile Trading platform
Another trend is mobile trading. This app allows you to trade from anywhere, even your smartphone. App does not offer all the features of a trading platform, but you can make basic analysis and take control of your positions. You can also manage your account.
Customer Support
The Broker's team is available 24/7 to support international traders. They can be reached via Online Chat, Email, Ticket or via Email in English.
We reviewed Global GT and found it to be responsive and professional. This is essential for a productive cooperation with the broker, and resolution of any ongoing issues.
Education
Global GT provides education materials for beginner traders through the Global GT Learn hub. This includes Live Daily Webinars and Trading Video Tutorials, as well as educational articles, Financial News and Trading insight. The broker can also allow traders to communicate with their financial experts. These videos are designed to introduce novice traders to the financial markets. Global GT traders have access to MT5 Tutorials and Live Trading Sessions. They can also participate in Real-time trading debates.
Research
The MT5 platform also includes great tools for research. Additionally, the broker supports traders with market sentiment, trading insights, and economic calendar, along with other amazing tools.
Conclusion
Global GT is a broker that has a solid record and can sustain its mother-company trading company. Global GT was able to obtain the necessary South African regulations that allowed it to expand its offering legally and trusted. Global GT provides great Cryptocurrency trading options, as well as the ability to withdraw and deposit in Bitcoin or any other Cryptos.