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Global GT Review – Is Global GT Scam or Legit?

Global GT Broker Rating
Account Types9.3
Trading Speed9.4
Customer Service9.2
Safety9.1
9.3
Conclusion
Read our Global GT review and learn why we recommend this broker for online trading and why it is not a scam, learn all you need to know in this Global GT review before you sign up with the broker.

Global GT Review

Global GT logo

Global GT is a brand-new Forex broker that began operations in 2020. GT Group, a well-known brand, operates a CFD and Forex and CFD broker. Other successful brokers are also run by the firm, with a concentration on the Southeast Asian area. GT Group hopes to achieve its worldwide goals with the addition of this additional broker. Global GT provides customers with a variety of interesting services. There is something for everyone at Global GT, with over 150 different trading assets and user-friendly platforms. The broker is registered in two countries: the Seychelles and South Africa. The Seychelles Financial Services Authority and the Financial Sector Conduct Authority of South Africa have granted it licenses.

The broker works on a global scale, but does not offer services to nations in the European Union. Global-GT is a recently formed company that began operations in 2020, although it is a member of the well-known GT Group, which has two successful brands in Southeast Asia. While its new brand, Global-GT, is committed to concentrating on global and international ideas with a growth strategy based in South Africa. Because of its excellent regulation, South Africa is currently a rising trend in the Forex business, with more brokers establishing their companies.

Global-strategy GT’s is unique in that it is the first licensed hybrid broker, offering all of the required tools and a professional trading approach. Global GT is based in South Africa and provides worldwide multi-asset trading. Although Global GT is a global company, it is not regulated by ESMA and is unable to offer financial services to European Union nations. All client money are kept in separate bank accounts due to the rigorous regulatory monitoring needed by these authorities. It also provides safety, ensuring that traders do not lose more money than they have in their trading account. All customer money are kept in tier-1 bank accounts since the broker adheres to these authorities’ stringent regulatory requirements.

Global GT does not have a dealing desk and instead provides Market Execution for all trading pairs, which means orders are routed to its execution venues and then returned to the customer at the best available price. One hundred and twenty milliseconds is the average execution time. Although there are no commissions or withdrawal costs, the changeable raw spreads provided by liquidity providers are subject to a mark-up. Global GT supports the popular MT5 platform and provides one regular account and an unlimited demo account. On the accounts, dynamic leverage is significant, while the minimum transaction level is 0.01. The only currencies accepted by Global GT are EUR, USD, ZAR, ETH, BTC, and USDT. From Sunday through Friday, there are trading sessions.

Trading Forex is hazardous, and each broker must disclose to customers how risky trading Forex CFDs is. Trading on margin in foreign currency contracts or other off-exchange products involves a high degree of risk and is not suited for everyone. You may lose more money than you put in. Global GT offers MasterCard and Visa as payment methods. The broker also accepts contemporary payment methods including StickPay Wallet, Swiffy, Skrill, and Neteller. Cryptocurrency payments may also be used to make payments. BTC, ETH, and USDT are all accepted as deposit methods. For deposits and withdrawals, the Forex broker does not charge any fees. Visit the broker’s website for additional information on the charges.

Platforms for Trading

Global GT website

Global GT, unlike other South African brokers, only supports one trading platform. MT5 does, however, provide traders with all of the essential trading tools and resources, allowing them to make and exit trades, perform research and analysis, and even utilize third-party automated trading software. MT5 is one of the most dependable and well-known trading platforms in the business, and it is increasingly being embraced by Forex brokers. It has about forty technical indicators, fifty analytical items, over twenty timeframes, and an infinite amount of charts. Its UI is more contemporary than its predecessor, and it includes an economic calendar.

All of Global GT’s trading instruments may be traded on the MT5 platform. They may use the Web Trader, the desktop platform, or the iOS and Android mobile apps. MetaTrader 5 is widely regarded as one of the finest CFD trading platforms available, thus the broker’s decision to provide it demonstrates how well it understands the business and how to meet the requirements of its customers. The MetaTrader 5 platform, often known as MT5, is one of the most widely used trading platforms, with traders all over the globe relying on it.

Traders may utilize the MetaTrader 5 platform to place orders or use the platform’s live rates to make quick market execution orders. MetaTrader 5 software is available in desktop and mobile versions, giving traders the freedom to watch the market and make trades and orders in the manner that is most convenient for them.

In addition, MT5 gives users access to indicators, charts, and other useful trading tools, many of which have been developed by other MT5 users. The popularity of the platform is due to this interactivity and user-generated tools. By clicking on the MT5 icon and choosing MetaTrader 5 for Windows, or by visiting the page and clicking on the MT5 Desktop for Windows icon, the MT5 platform for Windows may be readily downloaded from the Global GT website. The Web Trader may be accessed directly from the Global GT website, and the mobile applications can be obtained through the Google Play and Apple App Stores.

Trading on the Global-GT trading platform MetaTrader and its latest version MT5 pack is possible with all capabilities and add-ons, as well as no limitations on tactics. There’s also the option of using WebTrader, a Web-based platform that’s simple to use and doesn’t need any installs. This option may be sufficient for basic analysis, trading, and management for frequent or starting traders. However, if you want to Auto trade your strategy utilizing complex methods and specific tools, the Desktop platform is the way to go. Global-GT has added strong elements in its MT5, such as Market Sentiment and other tools, to enhance capabilities. Desktop versions are appropriate for whatever kind of program you use, as well as offering advanced analysis options and more.

The platform is simple to use and add-ons certain functions, and MT5 is well-known for its clean view and appearance. In addition, if you are using it for the first time, there are many instructions accessible. Mobile trading, which includes Trading Apps that enable you to trade on the move straight from your smartphone, is another trend. Even while the App is not a full-featured trading platform with all of the necessary features, you can still manage your positions and account, as well as do basic analysis, which is very helpful.

Regulation

In two countries, the Global GT brand is approved and regulated. The business is known as GT IO Markets Ltd in South Africa, and it is regulated by the Financial Sector Conduct Authority. The business is registered in Seychelles under the name 360 Degrees Markets Limited, which is regulated by the Seychelles Financial Services Authority.

Security

The broker takes significant steps to demonstrate its fund security, such as maintaining a Capital Adequacy Ratio of at least 40% and processing transactions via segregated accounts and Tier 1 banking, all while operating under tight regulatory supervision and risk management.

Leverage

Another popular and well-known element in Forex trading is leverage, which is a technique that enables you to amplify your starting balance in order to run a larger trade size. Global-GT is not an exception, allowing you to utilize leverage in your trading. Furthermore, since it is licensed in South Africa, traders may still take advantage of high leverage ratios. However, since leverage works in both ways, you may lose and win more money than your trading account balance, so make sure you understand how to utilize leverage wisely. Furthermore, leverage ratios fluctuate depending on the item you trade and may differ depending on the Global GT company due to regulatory limitations.

Accounts

For practice reasons, the broker provides four accounts: Mini, Cent, Standard, and ECN. The account may also be created in a variety of currencies, including Cryptos as a base currency, allowing for simple money transfers to and from the account while avoiding conversion costs, including EUR, USD, BTC, XRP, ETH, ZAR, and USTD. Your Personal Account Area is where you may create an account and get access to trading, money management, transfers, fee reports, and a complete variety of provided services.

Because it only provides one basic account, Global GT stands apart from other brokers on the market. There are no categories or levels separating high and low value accounts. The account is suitable for both novice and experienced traders, and there are no special benefits for those with higher account balances. As a result, it is beneficial that everyone receives the same treatment and trading conditions. Clients may also request Swap-free Accounts only if they are religious, and only after they have funded their account. Any application for a Swap-free Account may be rejected by the Company.

The standard account is a no-commission trading account with variable spreads and no minimum operating balance requirement. The MT5 platform is used to execute trades. On the basic account, there is no minimum deposit, and Global GT enables hedging and scalping. Global GT will impose a ten-dollar inactivity fee on accounts that have been inactive for more than ninety days.

The Global GT trial account has no expiration date, which is advantageous for new traders. In demo mode, users may see charts, news, and analysis, as well as get access to the full-featured MT5 platform and experience real-time pricing and volatility in the forex market. While there is no time restriction on the sample account, it will be automatically closed after three months of inactivity.

USD, EUR, ZAR, BTC, ETH, and USDT are accepted as deposit and withdrawal currencies, however trading currencies are restricted to EUR, USD, and ZAR. Withdrawals must be made using the same method and account as the initial deposit in order to comply with the Anti-Money Laundering Directive. Global GT does not impose fees for deposits or withdrawals, however inactive accounts are subject to an inactivity fee. Withdrawals are typically handled in three hours.

Instruments for Trading

The Market Instruments offering comprises Cryptocurrencies, Forex pairings, Commodities, Stocks, and Indices, providing a wide range of options. With the exception of Futures and Options, which Global-GT does not provide, you will eventually discover fairly decent trading circumstances for those products as well. The ability to trade in various cryptocurrencies, such as Ethereum, Bitcoin, Ripple, Bitcoin Cash, and Litecoin, distinguishes it as a hybrid broker. This makes Global GT an appealing option for traders interested in opening a bitcoin account.

Commissions are not charged by the Forex broker. The minimum deposit required to open a live trading account is $5, and the broker accepts a variety of payment methods. Traditional payment methods such as credit or debit cards, as well as bank transfers, are available. Global-GT recommends a variable spread or floating spread strategy, in which the spread is determined by market circumstances. Unless you request to trade using a Swap-Free account, which is also accessible, swap costs are imposed on top of the above if you are holding overnight positions that specify particular fees according to the instrument. Swaps are added once a day, much like metals, however Cryptocurrency swaps are charged every four hours.

Global-GT does, however, provide the option of customizing trading solutions for larger traders or partners. In terms of non-trading costs, you should be aware that if your trading account is inactive for more than a month, you will be charged a ten-dollar Inactivity Fee. Deposit and withdrawal costs are waived to $0, depending on the area in which you enrolled. Payments to the live trading account may be made in a variety of simple methods, and there are no extra processing costs. Global-GT is also unique in that it is the first Hybrid regulated broker, allowing deposits, trades, and withdrawals in both cryptocurrency and fiat currency.

Withdrawals and Deposits

Cryptocurrency, credit cards, Stickpay wallet, Skrill, Swifty, Neteller, and bank transfers are all available as payment methods. Another positive aspect to highlight is the low minimum deposit amount, with Global-GT requiring just $5 to get started, enabling novices and traders of all sizes to participate, or comparable. Always double-check the trading conditions for the instrument you’re going to trade, since you’ll need to cover its margins and use a sensible money management technique.

Withdrawal options at Global GT are comparable to deposit choices, including bank wire, card, and e-wallets. However, it’s always a good idea to double-check with customer support about the restrictions and terms that apply to your residence and area. Withdrawing money is a simple procedure since all money management is done via your online account area. For bank transfers, Global-GT typically executes withdrawals within one to two working days, with an average withdrawal time of three hours; however, please allow extra time for your payment provider or other procedures.

Pros and Cons

Opening a Global GT account is simple and straightforward, and there is a wide variety of Cryptocurrency to trade as well as financing options such as Bitcoin and other cryptocurrencies. On the other hand, educational resources and research are severely restricted. Global-GT is legitimate and regulated, so you may be confident in its transparency and internationally approved safety precautions.

Customer Support

The broker’s staff and customer assist are available 24 hours a day, 7 days a week, and support international traders through the chat box. Global GT’s friendly and helpful customer service staff is accessible 24 hours a day, 7 days a week through live chat and email in English, but, like other regulated brokers, it cannot provide financial advice. We found Global GT’s Customer Support to be responsive and courteous for the purposes of our evaluation. GT customer service is located all over the world, is very attentive, and responds to client inquiries through live chat and email in English on a daily basis.

Research and Education

Trading Insights, Market Sentiment, and Economic Calendar, among other excellent research tools, are featured in the MT5 platform, and the broker also helps traders with Trading Insights, Market Sentiment, and Economic Calendar, among other great research tools the platform is known for. A Trader’s Insights website, an economic calendar, and a blog with a few articles make up Global GT’s modest research and analysis area. The only language in which market research materials are accessible is English.

Global GT does not provide any instructional resources for newcomers to trading. It also lacks current market analysis material, offering just basic trade data. Demo accounts, on the other hand, do not expire, and the responsive customer support staff is accessible 24 hours a day, 7 days a week for any client account and technical issues.

Conclusion

Global-GT is a broker with a solid track record and the long-term viability of its parent company’s trading brand. Most significantly, Global-GT acquired the required laws from South Africa, enabling it to develop its idea in a legal and dependable manner. Global-GT provides excellent Cryptocurrency trading choices, as well as the ability to deposit and withdraw in Bitcoin or other Cryptos.

Global GT is a cutting-edge, regulated hybrid broker with a limited range of trading products. They provide a variety of user-friendly trading platforms that can be accessed from a variety of devices. The account establishing procedure is simple and straightforward, and their customer service representatives are there to assist clients at any time. Finally, we can state that the broker is trustworthy and ranks among the best; nevertheless, we always advise our readers to do their own research before to establishing a real account with any broker.

Global GT is an SFSAF and CSA-regulated STP broker that supports the MT5 platform but only offers a limited number of account types. Although its variable spreads are higher than those of its competitors, it provides commission-free trading on its account. It also doesn’t charge fees for withdrawals or deposits, and it doesn’t need a minimum deposit for accounts in ZAR. Global GT’s main drawback is the lack of instructional and market analytical content, yet it offers quick customer service and an unlimited trial account.

Shelly Melancon (Switzerland)

Shelly is a cryptocurrency enthusiast from Switzerland, she bought her first crypto in 2015 when it was way less popular then it is today and since 2017 she has been writing about cryptocurrency for online news portals. Shelly is the newest addition to the Tokenhell team, she writes mostly news and reviews related articles , stay tuned to her posts to stay up to date with the crypto world.

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