Global GT Review: Is this broker legit, safe and trustworthy for UAE citizens and residents?
Global GT was founded in the year 2020 in the country of South Africa. It
describes itself as a "hybrid broker" since it integrates developments from the
emerging cryptocurrency area with opportunities that are currently available in
the old FX space. The moniker GT IO was once widely used to refer to this
broker; however, it is currently doing business under the name Global GT.
Trading is available in more than 140 instruments spanning a variety of asset
classes, including FX, equities, commodities, and cryptocurrencies, and the
maximum leverage available for trading on the most liquid products is 1:1000.
Get started with Global GT.
Global GT has not only its headquarters located outside of Durban, South Africa, but also an offshore branch that is registered in the Republic of the Seychelles. It is important to note, however, that although both branches of the broker are regulated per se, the regulation in the Seychelles is far more lenient than the regulation in conventional "onshore" countries. This is something that should be taken into consideration. As a direct consequence of this, certain aspects, such as the protection of client money in the case of a bankruptcy, could not be as advantageous for customers trading under the offshore branch as they are for customers dealing under the South African branch.
Trading with Global GT is distinct in a number of ways, one of which is that the broker offers synthetic trading pairs. These pairings mix traditional assets and cryptocurrencies in a single transaction. A trader may, for instance, opt to trade Bitcoin against the Nasdaq or the Dow Jones index rather than against the US dollar. Alternatively, the trader could choose to trade Bitcoin against individual equities such as Apple or Facebook. To the best of our knowledge, Global GT is the only service out there that provides such synthetic trading pairs, and we feel that this may be appealing to certain traders.
And despite the fact that Global GT has been forward-thinking in terms of the trading instruments it provides, the broker has taken a more conventional approach to trading platforms, offering just the time-tested MetaTrader 5 (MT5). This is a platform that has withstood the test of time, having been one of the most popular retail trading platforms ever since it was first introduced in 2010, as the vast majority of our readers are surely well aware. Despite this, the platform continues to have a significant amount of relevance in the modern world. For instance, users may pick from an unrivaled variety of "Expert Advisors," which are trading algorithms.
Global GT, much like the majority of the other forex brokers that we have reviewed here on FX-List, provides clients with a variety of trading accounts from which to select. As at the time of this writing, these are the items:
- A Cent Account that can only be used for trading FX and has extremely high spreads.
- A Mini Account that has tighter spreads and a more extensive range of trading products to choose from
- A Standard Account, which allows trading in all assets and has spreads starting at only 0.05 pips.
- An Electronic Communication Network account with the lowest spreads possible, commissions of ten dollars, and a minimum deposit of two hundred fifty dollars
With the exception of the Cent Account, all of the trading accounts that are provided by Global GT can be opened and denominated in US Dollars, Euros, or Japanese Yen, or even in cryptocurrencies such as Bitcoin (BTC), Ether (ETH), XRP, or Tether (USDT) if the customer so chooses. The Cent Account is the only exception to this rule.
After completing the sign-up process, all new customers are required to add some initial capital to their trading accounts before they can begin trading. With Global GT, this may be accomplished through the use of conventional bank wire transfers, MasterCard, Stickpay, Neteller, and Skrill, as well as directly using the cryptocurrencies Bitcoin, Ether, and USD Tether. Alternatively, this can be done directly with the cryptocurrency Bitcoin. Take note that the minimum deposit amount required for bank transfers to Global GT is USD/EUR 100 (or ZAR 2,000), but the minimum deposit amounts required for the other funding options are significantly lower. The broker does not charge any fees to process any of the available financing sources.
On its website, this broker has, for some inexplicable reason, chosen not to include any phone numbers for its customer service staff. Instead, customers who want assistance are prompted to get in touch with the broker using one of three channels: live chat, email, or a message form located on the website. In addition, we feel it is important to point out that the website does not include the working hours of the support staff for the broker; as a result, we are skeptical that 24 hour help is actually provided on this platform.
Tweets by GlobalGT_ Global GT is an online broker that was developed to give all traders the chance to trade from a broad choice of Forex and CFDs trading products in the trading markets. Global GT was founded with this mission in mind. Forex, precious metals, equities, energies, stocks, and cryptocurrencies are some of the financial products that Global GT makes available to its clients.
The cash belonging to Security Global GT customers are kept in top-tier banks in a separate account from the funds belonging to the firm.
Buying and Selling Platforms: Trading platforms for desktop computers, the web, Android, and iOS devices are all provided by Global GT in the form of MetaTrader 5.
In conclusion, it is very obvious to us that Global GT has taken the current surge of cryptocurrency trading seriously by combining this new universe with the world of stocks and FX pairings that already exists. We think that their "hybrid broker" approach is quite innovative and creative, and that it has the potential to open up a lot of new doors for traders who are trying to broaden their exposure to other markets.
Global GT is a well-established online foreign exchange (Forex) and contract for difference (CFD) broker that offers a diverse range of trading products to the trading markets. Global GT provides the MetaTrader 5 trading platforms, a variety of account kinds, client accounts that are kept separate, deposits that are quick and straightforward, numerous promotions, and customer service that is easily available around the clock. Global GT has a spread that starts at zero, a maximum leverage of one thousand to one, and the minimum deposit is one thousand dollars. Both the Financial Sector Conduct Authority (FSCA) and the Seychelles Financial Services Authority are in charge of policing Global GT's activities (FSA).
Global GT is already a well-known CFD and Forex broker, and it is run by the well-known GT Group. Global GT was established in the year 2020. Over the course of the previous several years, the organization has been in operation, providing traders located in various locations with trading services. The GT Group is responsible for the operation of various thriving companies that provide trade services. The South East Asian area, and Japan in particular, is the primary focus of both FXGT and CryptoGT. Global GT is a company that has international aspirations and is now based in South Africa with plans to spread its services throughout the world.
As a Forex broker that has only just been created, Global GT was founded with the intention of providing services on a more extensive scale. The mission of the firm is to extend the availability of its services to other parts of the world. In light of this, the broker provides some of the most aggressively priced services, which are notoriously difficult to reject.
However, this is not the end of the story since the broker has implemented a very high safety standard for its clients. Because it is regulated by two different regulatory authorities, it ensures that the funds of traders are kept safe and secure.
In order to provide services to customers all over the world, the broker
holds licenses issued by two different regulatory organizations in two different
jurisdictions. The Financial Sector Conduct Authority of South Africa oversees
GT Io Markets Ltd., which is a company that is based in South Africa and
registered there. In addition, the Seychelles Financial Services Authority has
granted Global GT registration in that country under the name 360 Degrees
The foreign exchange broker has implemented a number of different safety procedures in order to guarantee the well-being of all of its clients at all times. The fact that the broker has a capital adequacy ratio of more than 40 percent is one of the guarantees that the funds will be secure. The Forex broker separates the money belonging to individual clients into their own bank accounts so that the clients' money is never at risk of being mixed up with other clients' money. This is accomplished through the formation of partnerships with a number of the most well-known and esteemed tier 1 banks.
Account segregation is a highly significant strategy for protecting the money that traders have invested in their businesses. As a trader, this ensures that you will always retain access to your cash, regardless of the circumstances under which you lose them.
According to the findings of our investigation into Global GT, the broker has implemented the Negative Balance Protection. This is a very significant instrument that has been developed specifically for the purpose of preventing traders from losing more money than they can afford to lose. Even if you use a very high leverage, with the aid of the negative balance protection, you can be confident that you won't lose more money than you currently have on your trading account. This is true even if you use a very high leverage.
Trading cryptocurrencies has seen rising levels of participation in recent years. The number of people who have money invested in the cryptocurrency market continues to rise, which in turn is driving up the price of cryptocurrencies. A look at the Global GT review reveals that this broker has put in the effort to ensure that the needs of traders are satisfied. As a result, you have access to more than 25 of the most popular digital assets, in addition to an extra 7 distinct synthetic pairings.
The foreign exchange market is the largest financial market in the world. At this very time, the Foreign Exchange market is being traded by millions of people. By providing customers with access to as many as 48 currency pairings, Global GT was able to successfully satisfy the needs of forex traders. At Global GT, you are able to engage in trading for every form of currency pair, including majors, minors, and exotics.
Global GT's trading of several commodities: For as long as merchants have existed in the world, commodities have been one of their most desired assets. You may engage in trading of several precious metals and energies of varying forms, including gold, at Global GT. There are a total of five different commodities that may be purchased by Global GT customers.
Taking a look at the market for stocks at Global GT: When it comes to trading, investors frequently go with stocks as their asset of choice. You are able to trade stocks in industry-leading firms at Global GT. In point of fact, the broker has access to a selection of more than 53 different stocks. You have the opportunity to trade stocks of several different firms, like Apple, American International Group, Amazon, Bank of America, Walt Disney, and Ford, amongst many more.
At Global GT, traders also have the opportunity to invest in indices, a feature that is highly sought after by many traders. At Global GT, customers have access to eight well-known indices, including the Dow Jones Industrial Average, Nasdaq 100, DAX 30, and a wide variety of other indexes.
You may go ahead and sign up for the demo trading account that Global GT offers if you are a newbie in the foreign exchange (Forex) trading market and if you are having a little trouble knowing where to start trading, you can go ahead and join up for the account. A demo trading account is an excellent method to get started trading Forex because, with this kind of account, you will not be required to risk any of your personal money that you have worked so hard to obtain.
In point of fact, the broker will supply you with a predetermined quantity of virtual cash that you are free to utilize for trading purposes. The demo trading account is designed to be an accurate representation of the real trading market. Be mindful, however, that the purpose of this type of account is not to generate profits; rather, it functions very similarly to an exercising account, in which you are given the opportunity to experiment with various trading strategies, test out the services provided by the broker, evaluate the ways in which you can make use of the features provided by the trading platform, and so on.
Regarding the other trading accounts, it has the potential to be an excellent option for traders of all different kinds. The Forex broker's trading accounts are created in such a way that they cater to the requirements of each and every trader. The account's base currency can be any of the following: USD, EUR, JPY, BTC, ETH, or USDT. Other options include USDT. Traders in South Africa also have the option of using ZAR as their base currency. The leverage that is available to traders may go as high as 1000 to one, which is a pretty generous offering. In order to open a live trading account, a minimum investment of 5 USD or EUR is required. Regarding payments in BTC, the fee is 0.0001 while the fee in ETH is 0.05 and the fee in USDT is 25. One hundred is the maximum amount of orders that may be placed with a basic account.
The Forex broker provides traders with market execution, which means that all orders are executed at the best possible market price owing to the liquidity providers. This benefit is offered to traders.
Establishing a position in live trading: At Global GT, establishing a live trading account is not a challenging task; in fact, it is a very simple procedure that can be completed in a matter of minutes. Because the foreign exchange broker implements a policy known as "Know Your Customer," it is necessary for each trader to provide some kind of identification verification. In order to proceed with this, you will be required to submit certain papers. For the purpose of identity verification, merchants are needed to submit a copy of a current passport or national identification card.
A copy of your most recent utility bill, dated within the past three months, must also be provided as needed documentation. This is required in order to verify the address that you registered with. The time it takes to set up a live trading account shouldn't be more than a minute at most. The procedure is quite straightforward and simple to comprehend at the same time.
At Global GT, do you have the option to establish an account that is Islamic? The foreign exchange broker has repeatedly demonstrated its commitment to achieving its goal of being a prominent foreign exchange broker on a global scale. It came as a pleasant surprise to see that the broker makes available to traders the Islamic account, which in recent times has developed into an obligatory must. Trading foreign exchange has developed into a very broad sector that draws dealers from many walks of life.
It was forbidden to pay or accumulate any kind of interest rate according to Sharia law, which was based on the Quran. This is accomplished by the Islamic account, which gives those who follow the Islamic religion access to trading services without requiring them to be concerned about swaps. As a result of this, the Islamic account is also often referred to as a Swap-Free trading account.
A look at the many payment options accepted by Global GT: After you have made the decision to open a live trading account and begin trading with your own money, the next step is for you to make the initial deposits into your live trading account. You are fortunate in that you may choose from a variety of methods when it comes to depositing monies. If you want to use more conventional methods of payment, such as credit cards and bank transfers, you may do so. If you prefer more modern methods, such as electronic wallets, you can do so as well. You have the option of utilizing credit cards such as Visa and Mastercard, cryptocurrencies such as Bitcoin, Ethereum, and USDT, or online payment methods such as StickPay Wallet, Skrill, and Neteller to make and withdraw payments. In addition to these two options, South African merchants now have access to Swiffy and Wire Transfer.
Simply making a deposit of $5 is required in order to open a live trading account. The fact that the Forex broker does not assess any costs for making payments is the platform's standout selling point. The only price that Global GT requires its customers to pay is a $10 per month fee for inactivity.
Getting in touch with the customer service staff: When we were looking at Global GT, we wanted to pay attention to every little element. When you are trading Forex, it is of the utmost importance to have access to a seasoned customer service staff that is always able to supply you with reliable information and assistance. We were overjoyed to learn that the customer support service at Global GT is not only highly helpful but also provides traders with the opportunity to receive assistance whenever it is required 24 hours a day.
There are a few different channels via which you may communicate with the customer service staff of Global GT. You are welcome to make use of the broker's online chat, which can be found on each and every page of the website. You may also submit your inquiries to the customer service team by filling out a unique form that is referred to as a ticket. This form is available to you. Additionally, there is the opportunity to get in touch with the customer service staff by email. We put each of these solutions to the test, and we are ecstatic to report that each of them is a significant improvement. We were relieved to find that our inquiries had been handled in a professional manner.
An analysis of the Global GT special bonuses that are available to customers: The foreign exchange broker places a high priority on the satisfaction of its customers and strives to cultivate an atmosphere that is pleasurable for all involved. The many different forms of bonuses and promotional schemes that are made available to traders by Global GT may be of great assistance to traders. At Global GT, players may take advantage of three distinct kinds of promotions, including a no-deposit offer worth $35, a welcome bonus worth 60 percent, and a loyalty bonus worth 30 percent.
Traders might receive a gift from the broker equal to sixty percent of their initial deposit if they take advantage of the welcome deposit bonus offered by the broker. The maximum deposit bonus is $600, while the highest loyalty deposit bonus is $6,000, and it pays traders a bonus equal to 30 percent of their deposit. When traders move money from their eWallets into their MT5 trading accounts, they are eligible for the incentives that are offered.
Platforms for global GT trading globally: When it comes to foreign exchange (Forex), one of the most crucial aspects is undoubtedly the trading platform. Either you will be conducting market analysis on the trading platform or you will be executing trades, which will consume the vast bulk of your time there. The Forex broker provides users with access to MetaTrader 5, which is among the most well-known and widely used trading platforms currently available in the industry.
A well-known Russian corporation known as MetaQuotes is responsible for developing MT5. MetaTrader 5 is a very user-friendly and simple trading platform to operate. It features a wonderful user interface that is really simple and straightforward to learn how to use. Our review of Global GT reveals that the broker provides a browser-based version of MetaTrader 5 (MetaTrader 5 WebTrader) in addition to a downloadable version of MetaTrader 5 (MetaTrader 5) for Windows and Mac devices. This is an excellent solution for individuals who do not wish to download additional applications on their computers.
In addition, the broker makes it possible for traders to trade foreign exchange using their mobile devices, which is an extremely useful feature. During the past several years, mobile forex trading on smartphones has rapidly grown in popularity. There are millions of people who trade using their mobile devices, specifically cell phones. The specialized MT5 application that Global GT offers may be used on mobile devices running either iOS or Android.
You can always keep in contact with the trading market no matter where you are as long as you have a mobile trading platform to rely on.
Is it possible to have faith in Global GT? When we were looking at Global GT, we made sure to pay attention to even the minutest of details. We were overjoyed to learn that this foreign exchange broker provides outstanding services to traders and is always ready to supply significantly helpful assistance to its customers at any hour of the day or night. The foreign exchange broker has put in a lot of effort to produce an environment that is welcoming to traders from all walks of life, and we feel that it has been successful in doing so.
Global GT gives traders access to more than 500 different trading assets, some of which include equities, cryptocurrencies, and the foreign exchange market (Forex). The execution of the broker's orders is lightning fast, and the trading platform of the broker functions quite well. Because of this and the many other reasons that we have already covered throughout this review, we have come to the conclusion that Global GT is one of the top brokers available, and we encourage everyone to work with this particular broker.
In light of the fact that South Africa is not quite regarded as a Tier1
regulatory zone, we investigated whether or not the Global GT broker could be
evaluated as excellent. As a result of the fact that the corporation may supply
financial services on a global scale thanks to their offshore entity, it is
possible that many people will be interested in this topic.
Find out whether or not the broker provides adequate protection for your money by reading our evaluation of Global GT.
GT IO Markets (Pty) Ltd., based in South Africa, is the company that owns Global GT. The firm is in compliance with regulation number 48896 issued by the FSCA. Additionally, the same brokerage operates a company in Seychelles under the name 360 Degrees Markets Ltd., which is regulated by the Financial Services Authority (FSA).
However, none of these regulations can be considered trustworthy, therefore we continued our investigation to find out the reality about Global GT and the fraud they are doing. The brokerage firm itself has indicated that it does not fall within the regulatory authority of ESMA. This regulatory body is responsible for ensuring that your funds are held in separate accounts, preventing brokers from using their clients' money to pay off their own personal obligations. This raises a significant issue for the functioning of Global GT.
Problems With Withdrawing Funds
Because the broker is regulated by the Seychelles and not South African authorities, there is not much of an assurance that you would get your money back if you are defrauded. Because the FSA does not mandate that brokers establish any type of compensation fund, any money that you choose to invest is at your own discretion and at your own risk. As a result, the news that Global GT was having withdrawal troubles did not come as a surprise to us.
According to the feedback from previous customers, the broker is difficult to profit from. After making an investment, you position yourself to perhaps realize a gain. When you request a payment, however, you run the danger of having your account terminated in the process.
Even though this broker has made a valiant effort to portray itself as a trustworthy broker and has written a large number of bogus reviews, there are still certain similarities that may be seen if one looks closely enough. According to Trustpilot, the only complaint that customers have about their withdrawals is that they take too long or are hard to complete. The broker then responds with something regarding the bonus restrictions, which the customer didn't even realize they committed to when they received the incentive in the first place.
Illicit brokers frequently do this type of scam, in which they will offer you a bonus without disclosing the fact that it would prevent you from making withdrawals for a set amount of time. Then you will become preoccupied with determining what steps you need to do in order to get your money back, time will pass, and you will eventually give up trying to do so. And exactly that is the kind of thing that Global GT is hoping for.
Depending on the brokerage, the first step in a fraud might be a contact made through social media, an advertisement for trading displaying a luxurious lifestyle, or something similar. You have seen that several brokers, like Global GT, are utilizing incentives to attract customers while also ensuring that those customers would not receive a payment for at least a couple of months due to unreasonable conditions.
Because the minimum deposit required by the broker is merely $10, it will take you between three and four months to get your money if you simply accept a bonus of $100. As a consequence of this, a lot of individuals just quit up.
In addition, once you reach the point when you are able to request a withdrawal, you may find that your account has been frozen and you are unable to access the money in it.
Global GT is a well-known forex trading platform and broker that was formed in South Africa in the year 2020. Global GT complies with all applicable industry regulations. Trading is one of Global GT's major services, and it covers a wide range of asset classes and more than 500 different financial instruments.
KwaZulu Natal, South Africa serves as the location of Global GT's headquarters, where the company has between 10 and 50 workers.
Is There Any Regulation of Global GT? Yes, Global GT is subject to the laws and regulations of two different countries and territories: South Africa and the Seychelles. GT IO Markets (Pty) Limited is a broker that is authorized and controlled by the Financial Sector Conduct Authority. They are located in South Africa (FSCA).
In the meanwhile, 360 Degrees Markets Limited, a subsidiary of Global GT, is licensed by the Seychelles Financial Services Authority to conduct business in that country after having obtained registration there (FSA).
Is Global GT regulated in a jurisdiction that falls within the Tier-1 category? No, Global GT is not governed by the laws of a tier-1 jurisdiction anywhere in the world.
Forex brokers who have a license from a Tier-1 Jurisdiction are authorized to offer their services to customers in the following countries: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Israel, Japan, Luxembourg, the Netherlands, New Zealand, Norway, Puerto Rico, Singapore, Sweden, and Switzerland.
Is Global GT regulated in a jurisdiction that falls under Tier-2? In a tier-2 jurisdiction, yes, Global GT is subject to regulation.
Tier-2 Jurisdiction enables Global GT to operate legally in the British Virgin Islands, the Cayman Islands, Cyprus, Italy, Malaysia, Mexico, Poland, Spain, and Taiwan, as well as grant a license for the provision of financial services in these jurisdictions.
According to the company's website, Global GT is subject to the regulations of a Tier-2 country.
What kinds of trading platforms and tools does Global GT offer for foreign exchange transactions?
Forex traders may take advantage of Global GT's offering of the popular, dependable, and widely recognized MetaTrader 5 platform. Forex traders are given with dependable stability and dependability when they trade using a Global GT trading account and MetaTrader 5 respectively.
MetaTrader 5 is well-known for its performance, access to a wide variety of markets, and dynamic features. These features include access to 38 indicators, 22 analytical tools, 46 graphical tools, and a lot more.
A further benefit is that traders may easily link their trading accounts across mobile, desktop, and online platforms using MetaTrader 5, which is available on several devices. Traders can also benefit from the fact that MetaTrader 5 is available across multiple devices.
Through the use of the popular MetaTrader 5 trading platform, the online brokerage firm known as Global GT, which has its headquarters in South Africa, gives investors access to more than 500 different financial instruments spanning a variety of asset classes. These asset classes include forex, cryptocurrencies, indices, metals, energies, and shares. The market execution service is provided by the broker using either a STP (straight through processing) or NDD (no dealing desk) model. The orders placed by customers are immediately sent to the liquidity providers they have chosen and executed there at the best possible bid and ask prices. When you open an account with Global GT, you must make a minimum deposit of $5 in order to begin trading with them, despite the fact that they feature tight spreads and minimal costs.
The objective of retail broker Global GT, which goes by the name Global GT, is to give traders unrestricted access to a variety of financial markets. The well-known and robust MT5 trading platform, which is available for use on desktop computers, the web, and mobile devices, is used to execute trades. Traders have access to a wide variety of advantageous trading circumstances, such as a leverage of up to 1:1000, spreads starting from 0 pips on the ECN account, several simple payment options, and more. The customer support crew at the broker is highly trained and available around the clock to give assistance to traders. In addition, the broker makes available to customers a number of helpful educational materials.
The following is a list of the two jurisdictions in which the Global GT brand
is approved and regulated:
GT IO Markets (Pty) Ltd is a registered company in South Africa with the registration number 2015 / 059344 / 07, and it is regulated by the Financial Sector Conduct Authority under the FSCA FSP Number 48896. This information may be found on the firm's website.
An affiliate of the brokerage firm that is registered in Seychelles with the registration number 8421720-1, 360 Degrees Markets Ltd is subject to regulation by the Seychelles Financial Services Authority under the Securities Dealer's License Number SD019.
Residents of some countries, including the United States of America, Canada, Iran, North Korea, and Russia, are not permitted to sign up for an account with Global GT.
Traders who open accounts with Global GT have access to the cutting-edge MetaTrader 5 (MT5) trading platform. A Russian software business released it to the public in 2010 and since then it has been used as a dependable trading platform by millions of traders all around the world. The Global GT platform is loaded with a wide variety of helpful trading tools, including algorithmic trading tools, configurable trading systems, several charting and analysis options, and one-click trading. It works at the speed of light, guaranteeing that there is very little to no latency when executing trade orders. Traders who need to place and manage trades while they are on the go may take advantage of the fact that the broker makes the platform available in desktop, online, and mobile trading app versions.
Traders are given access to a number of separate trading tools that will assist them in making the maximum profit possible from their transactions. Trader Insights and an economic calendar are two of the tools that are provided by Global GT. The economic calendar provides a timetable of upcoming market events and predicts how those events will affect the financial markets. When it comes to making decisions about trading activity, both of these may be helpful components of performing market analysis.
On the website of Global GT, there are several learning materials that may assist traders in making educated judgments regarding their trading. Some examples are educational articles, trading advice, a frequently asked questions area, and more.
Forex, cryptocurrencies, indices, metals, energy, and shares are some of the trading instruments that are available through the broker's extensive offering of more than 500 different trading products.
Global GT traders have the option of selecting from one of four different live trading accounts. Trading may begin with any of the accounts with a minimum deposit of $5, with the exception of the ECN account, which needs a deposit of $250 but has the tightest spreads of all of the accounts. In addition to that, it levies a fee of up to ten dollars every round lot, but the other types of accounts do not require commission payments because the expenses are already factored into the spread.
The customer service staff of the broker is accessible around the clock, seven days a week, and can be reached through the following communication channels: email, Live Chat, and social media. When it came to responding to the many questions that we posed to them, we discovered that they did so in a very timely and courteous manner.
Funding Global GT provides customers with a number of methods for quickly and easily funding their accounts. Traders have the option of using any of the following payment methods to make deposits and withdrawals:
Wire transfer from the bank
Credit and debit cards such as Visa and MasterCard, as well as other options Online payment processors such as Neteller, Skrill, and Swiffy, as well as more options Cryptocurrencies such as Bitcoin, Ethereum, and USDT, as well as further options
You may start trading with Global GT by going to your protected area (the Clients' Portal), clicking on the button labeled "Trading Accounts," and then choosing the Live Account option from the drop-down menu that appears. Then you must supply them with the necessary particulars.
CFDs are contracts for difference, and Global GT is an international broker that is licensed by both the FSCA and the FSA Seychelles. Global GT is a market execution broker that also provides ZAR trading accounts in addition to offering a broad variety of CFDs. However, in contrast to the majority of brokers operating in South Africa, Global GT only offers support for the MT5 platform and not the MT4, which is the industry standard. Global GT's variable spreads are greater than those of its competitors, despite the fact that the company has a relatively low needed minimum deposit of only 5 USD on most account types.
Because Global GT is a relatively young broker, it does not provide much in the way of educational and market analysis resources. As a result, it is not a good option for traders who are just starting out.
Global GT was established in the year 2020 and has its headquarters in South Africa. The company engages in worldwide multi-asset trading. Both the Financial Sector Conduct Authority (FSCA) and the Seychelles Financial Services Authority are in charge of overseeing its operations (SFSA). Global GT may do business on a global scale; nevertheless, the European Securities and Markets Authority (ESMA) prohibits the company from acting as a broker and preventing it from offering financial services in nations that are members of the European Union. You may find a list of registrations down below:
The Financial Sector Conduct Authority has assigned the FSCA FSP Number 48896 to GT IO Markets (Pty) Ltd. in order to regulate the company.
The Seychelles Companies Register lists 360 Degrees Markets Ltd. as a
registered business there with the number 8421720-1.
Because of the stringent regulatory scrutiny that is needed by these authorities, all customer monies are housed in separate tier-1 bank accounts that are kept completely separate from one another. In addition to this, it provides protection against negative balances, which ensures that traders never lose more money than they actually have in their trading account.
Because Global GT is a STP, it does not have a dealing desk, and it provides Market Execution for all trading pairs. This means that orders are sent to its execution venues and then returned to the customer at the best available bid and ask prices. The typical time required for one execution is 120 milliseconds. In spite of the fact that it does not charge commissions or fees for withdrawals, it does add a markup to the changeable raw spreads that are provided by liquidity providers.
Global GT gives clients the option of opening either a basic account or an unlimited demo account, both of which are supported by the widely used MT5 platform. The dynamic leverage on the accounts is rather large, reaching up to 1000:1, while the minimum transaction level sits at 0.01 lots. On Global GT, currencies can only be denominated in US Dollars, Euros, South African Rands, Bitcoin, Ethereum, or USDT.
The start of each trading session is at 00:00 (GMT+3) on Sunday and continues until 00:00 (GMT+3) on Friday. In addition to that, it provides Islamic accounts that are swap-free.
The basic account is a trading account that does not charge any commissions, has flexible spreads, and does not need a minimum operating amount. Trades may be made on the MT5 platform with a leverage of up to 1000:1, and all transactions are processed through the platform. The ordinary account at Global GT has no minimum investment, and scalping and hedging are both permitted trading strategies. Please be aware that Global GT will assess a cost of 10 USD per month for inactivity on accounts that have been inactive for more than 90 days.
Free trial account: Beginner traders will benefit from the fact that the demo account offered by Global GT does not expire. Demo mode enables users to experience real-time pricing and actual volatility in the foreign exchange market, as well as examine charts, news, and analysis; have access to the fully featured MT5 platform; and view charts. Even though there is no time restriction on the demo account, if it remains dormant for more than three months, it will be deleted without warning.
The spreads as well as the commissions: The variable spreads on main pairs offered by Global GT are 1.60 pips on average, but they can drop as low as 1.40 pips at times. Markups are added to the variable raw spreads that are offered by execution venues in order to compensate for the fact that Global GT does not levy any commission or withdrawal fees.
The following currencies can be used for deposits and withdrawals: USD, EUR, ZAR, BTC, ETH, and USDT. However, trading can only take place in the following currencies: EUR, USD, and ZAR. In accordance with the Anti-Money Laundering Directive, Global GT has implemented a policy known as "return to source," which stipulates that withdrawals must be processed using the identical procedure and account that were used to make the initial deposit.
There are no fees associated with deposits or withdrawals while using Global GT; however, there is a cost associated with inactive accounts. Typically, withdrawals are handled within three hours after being requested. The following options are available for making deposits as well as withdrawals:
Bank Wire: When using this option, you are needed to make a minimum deposit of 1,500 ZAR, and the processing period for this method ranges from two to five working days. Withdrawals do not cost anything, however certain banks may assess a fee for the service, and the processing period for transactions ranges from three to five working days. These are only handled between the hours of 9:00 and 17:00 GMT, Monday through Friday.
With Visa and Mastercard, deposits are handled immediately, while withdrawals might take up to 24 hours and are only done between the hours of 9:00 and 17:00 GMT, Monday through Friday.
Instant processing is provided for both deposits and withdrawals made using Neteller.
Skrill allows users to make quick deposits, but the processing time for withdrawals might take up to 24 hours.
For cryptocurrencies such as Bitcoin, Ethereum, and US Dollars, the processing time for deposits is between one and thirty minutes, while the processing time for withdrawals can take up to twenty-four hours.
Stickpay has a minimum deposit requirement of 5 USD or EUR. The processing time for both deposits and withdrawals is immediate.
The minimum deposit required to play on Swiffy is 1500 ZAR. The processing time for both deposits and withdrawals is between one and three business days.
Clients of Global GT are eligible for sign-up, deposit, and loyalty incentives, all of which are subject to discretion. Get in contact with the customer care department of Global GT for further information.
Beginner traders have no access to any instructional resources provided by Global GT, which is a major drawback of the platform. In addition to this, it does not provide content that is current with regard to market analysis and instead simply offers fundamental trading knowledge. On the other hand, its demo accounts do not expire, and its helpful customer care team is ready around the clock to answer any and all queries pertaining to client accounts and technical issues.
Materials Intended for Instruction: As was previously stated, Global GT does not provide any instructional content.
The research and analysis area of Global GT is somewhat modest. It consists of a 'Trader's Insights' page, an economic calendar, and a blog with a very limited number of posts. The material for market study is only accessible in the English language.
As is the case with all regulated brokers, the attentive and friendly customer care team at Global GT is available by live chat and email in English around the clock, but they are unable to provide financial advice.
In the course of our research for this evaluation, we discovered that the Customer Support team of Global GT was prompt and courteous.
Buying and Selling Platforms: Global GT, in contrast to its competitors in South Africa, provides support for only one trading platform, known as MT5. Having said that, MT5 is equipped with all of the essential trading tools and resources that are required to enable traders to carry out research and analysis, enter and exit deals, and even employ automated trading software that is provided by a third party.
MT5 is one of the trading platforms that is considered to be the most dependable and well-known in the market, and more and more Forex brokers are using it all the time. It provides users with 38 different technical indicators, 44 different analytical items, 21 different periods, and a limitless amount of charting options. In comparison to its predecessor, MT4, it features a user interface that is more up to date, and in addition to an economic calendar, it offers depth of market data.
Traders are able to monitor their open positions while they are on the move by using the Global GT Mobile Apps MT5, which can be downloaded on mobile devices and tablets and is compatible with both Android and iOS.
2020 marked the beginning of business for the FX and CFD broker known as
Global GT. The company has frequently referred to itself as the "ultimate hybrid
broker" in the industry. This is due to the fact that Global GT is a
full-service brokerage that takes deposits in a variety of currencies, including
crypto, in addition to the more traditional forms of currency.
In recent years, retail investment has grown to become a significant component of today's modern financial markets. There have been an increasing number of brokers entering the market in an effort to give access to it. But only a small percentage of people have truly been able to stand out. However, Global GT is a reliable choice, and despite the fact that it has only been around for a short while, it already has an outstanding team, cutting-edge technology, and a steadily expanding base of satisfied customers.
In this assessment of Global GT, we go deeply into the company and attempt to understand its mission and goals. We will provide you with information on its operation, the characteristics of the trading platforms it offers, as well as some of the benefits and drawbacks associated with using Global GT's services. There will also be information for you on price plans, the quality of service provided to customers, and a great deal more. Now we will begin:
As was said up top, the Global GT is a foreign exchange (forex) and CFD broker that was established in the year 2020. The brokerage company's headquarters are located in South Africa, but it serves customers from a very diverse variety of nations throughout the world. In addition to this, Global GT has done an excellent job of diversifying its asset pool. Trading in traditional currencies isn't the only service that Global GT offers; in addition to cryptocurrencies, you can also trade in commodities and metals.
When you sign up for an account with the company, you will need to make a minimum deposit of just $5. Because of this, the supplier is a fantastic option for traders that transact smaller volumes. In addition to this, Global GT works hard to provide its customers with an easy-to-use trading platform that has minimal costs and consistent uptime. In South Africa, the Financial Sector Conduct Authority is in charge of regulating it to make sure that your money is kept secure.
Additionally, Global GT is subject to regulation in a number of additional tier-1 jurisdictions, one of which being the Seychelles financial services regulator. Despite having a global presence, Global GT does not approve new accounts for residents of the United States of America, Canada, the European Union, the United Kingdom, and a few other countries. However, the company is an excellent option for merchants in nations other than its own. You will also have access to a large pool of tradable assets to invest in as well as a leverage ratio of up to 1:1000 for all of your transactions.
Global GT has invested a significant amount of time and resources to ensure that it provides customers with a straightforward and efficient means by which they may begin trading any assets of their choosing. However, before you begin, it is essential to keep in mind that CFDs are extremely complicated and hazardous financial products. When it comes to trading CFDs with this particular supplier, a significant number of retail investor accounts end up losing money. Before you start investing, you should make sure you have a solid grasp of what contracts for difference (CFDs) are, how they operate, and the risks that are associated with them.
However, in the event that you are interested in using Global GT, you will need to register for an account on the company's website. This procedure is in point of fact rather straightforward, and completing all of the processes needed should not take you more than ten minutes total. Your trading accounts will be approved within a day of your providing the necessary information and uploading the verification papers after you have completed these steps.
In addition, kindly take notice that Global GT provides clients with a wide variety of trading account kinds to choose from. If you trade in a modest volume, you should go with the Standard account, but if you trade in a high volume, you should think about getting the ECN account. The good news is that Global GT trading provides you with comprehensive information on these accounts, making it simple for you to select the account that best meets your requirements. One of the most important aspects shared throughout all of these accounts is protection from having a negative balance.
After your account has been set up and verified, it is time to make a deposit. Simply making a deposit of $5 is required to open an account with Global GT. In addition, you can deposit fiat cash into your trading account using a bank transfer or one of the other available options. At GT, there are no fees associated with making deposits or withdrawals. Despite this, you will be able to begin trading on the MT5 trading platform as soon as your deposit has been processed and reflected in the Global GT account. The MT5 trading platform is available to traders with any sort of account on this website; in fact, it is the only trading platform offered by Global GT.
The service provided by Global GT includes a number of important components. The broker places a strong emphasis on providing a smooth experience for traders. To begin, you will have the opportunity to trade on the MT5 platform. One of the most technologically advanced and trustworthy trading platforms in the foreign exchange market is the MetaTrader 5. Despite the fact that Global GT does not have its own original trading software or platform, it appears that MT5 will suffice.
A minimum payment of around $5 is required to play at Global GT. This is a very cheap rate in comparison to those offered by other brokers, which indicates that the company is an excellent choice for customers with minimal investment amounts. Be sure to check out the welcome incentives that are available as part of the Global GT offer as well. Your very first deposit will, in point of fact, qualify you for a sizeable bonus that you may use toward your trading activities. It is also vital to keep in mind that Global GT offers numerous distinct account kinds, each of which is tailored to a specific kind of trader.
In point of fact, there are at least 5 distinct accounts, including a sample account, that may be utilized on this website. You can even open an account in the Islamic banking system. Additionally, GT has made investments in the greatest customer service team in the industry. In the event that you have any questions concerning either your account or the 360 Degrees Markets LTD, the customer service staff will get back to you within the next 24 hours depending on the nature of the problem that you want fixed.
You will also get quick deposits and withdrawals, protection against negative balances, real-time pricing, quick transaction execution with no slippage, and a great deal of other benefits. You may also benefit from a hybrid approach to trading when you work with Global GT. In addition to the enormous selection of assets that can be traded here, you will also be given the opportunity to deposit cash using crypto in addition to a wide range of other currencies. This is the primary reason why the broker has gained a large number of customers, and in addition to that, Global GT does not charge any fees for making deposits or withdrawals.
Global GT has established a reputation for being one of the most cost-effective brokerages in the FX and CFDs markets. To get things started, there is only a $5 minimum deposit needed to register an account with Global GT on this website. However, it is essential to keep in mind that the brokerage will charge you both fixed commissions and variable spreads for your trades.
For instance, the GT website states that the fee for forex trading is either a variable percentage or a flat rate of $10, depending on the kind of account that is being used. However, the manner in which the set commission is applied in accordance with the trade volume is not totally obvious. Additionally, the information that is presented on spreads is not explicated very properly at all.
Despite GT Global's insistence that their FX and CFD spreads are competitive, this claim cannot be independently verified on the website. When it comes to cryptocurrencies, the pricing is also determined by spreads. The spreads can also change, however this supplier will charge you a switch fee every four hours. In addition, the spreads can change. Spread-based pricing is utilized for the calculation of fees associated with the other assets, which may include equities, metals, commodities, and others. On the other hand, the broker needs to do a better job of explaining some of these prices to the typical consumer.
Global GT is a full-service broker that caters to investors that have a particular interest in contracts for difference (CFDs) and other forms of financial derivatives. However, there is a possibility that the broker is not appropriate for novice traders. If, on the other hand, you are interested in working with a hybrid brokerage that provides you with a high degree of adaptability with regard to the trading of CFDs, then you will find that experience available to you at Global GT.
In addition, the company has developed a cutting-edge trading strategy tailored to the needs of tech-savvy and experienced investors. Even if the sole platform that Global GT employs is the MT5, it is still sufficient in terms of technology for everybody. Taking everything into consideration, the MT5 is one of the most cutting-edge trading platforms available anywhere in the world; yet, new traders may find it overwhelming. In addition, those living outside of the United States and the European Union are good candidates for Global GT.
In order to satisfy regulatory requirements, the majority of brokerages these days restrict account application eligibility to only particular countries. GT is the same as any other company, but it performs a better job of providing its services to a greater number of nations. Regrettably, residents of the European Union and the United States are unable to open trading accounts with this broker.
If you, too, are seeking for a reliable brokerage, then GT Global is the right choice for you. In addition to this, many people have been inquiring whether or not Global GT is regulated. The answer to your question is yes, and in point of fact, the company is regulated by The Financial Sector Conduct Authority in South Africa, The Seychelles Financial Services Authority, and a few other tier-1 regulatory agencies.
You will also prefer GT global if you value streamlined customer service, high-level trading instruction, as well as speedy deposits and withdrawals. In summary, Global GT provides everything that one may need in a full-service hybrid broker all in one convenient location. In spite of the fact that the quantity of tradable assets that can be bought and sold on this platform is rather restricted, GT is the best choice accessible in terms of both the trading experience and the technology that is offered.
The brokerage is strictly regulated, and as a result, dealing with them is completely risk-free and secure for everyone.
You have access to a wide range of trading accounts, including the ECN account, which is designed specifically for high-volume transactions.
This company has a $5 minimum deposit requirement, making it an excellent choice for accounts with minimal ticket volume.
You will also receive the MT5 trading platform for improved speed and reliability in transaction execution.
Provides the ability to make deposits and withdrawals using cryptocurrencies in addition to all of the major currencies used around the world.
It is possible that residents of the EU, the US, and the UK are not qualified to work for the company.
The instructional resources provided by the company could use a lot of improvement in many respects.
On the website, the cost structure is not explained in a manner that is as obvious as it could be.
Advanced traders will have the best possible experience using the trading platform provided by Global GT IO Markets PTY LTD. Beginners may have difficulty utilizing the platform to its full potential and taking use of all of its one-of-a-kind features. However, given enough time, the overall experience for both experienced traders and newcomers appears to be pretty satisfactory. There are naturally explanations for this phenomenon.
To begin, GT has developed a wide range of trading account kinds, which can accommodate a wide variety of customers and all of their individual trading requirements. If you are just interested in investing a tiny amount of money and want to begin with a modest amount of capital, you may open a Cent account, which has cheap costs and small contract sizes. Investors that trade a significant amount of currency are eligible for the ECN account, and there is also the possibility of opening an Islamic account. Global GT is distinguished from other brokers by its exceptional level of flexibility, which is made possible by the several account kinds it offers.
In addition to that, the company has done a good job of keeping its prices at a reasonable level. The website does not make the pricing structure very obvious, which is something that needs to be improved. However, on the whole, based on the experiences of prior customers, GT has a reputation for being a Forex and CFD broker with reasonable fees. In addition to that, there is the MT5, which is among the most cutting-edge trading platforms in the world of contemporary financial investment.
The MT5 platform is lauded for its user-friendliness, rapid trade execution, and several indicators that simplify the trading process. In addition, GT enables you to utilize the MT5 on both your personal computer and your mobile device. The minimum amount necessary to start a trading account is rather low, and the entire process of doing so takes no more than a few minutes to complete. When taken together, all of these components work in concert to give GT customers the best possible service experience.
The worldwide markets for forex and CFDs have grown to become very large. They are luring a large number of individual and institutional investors, and as a consequence, there is an ongoing demand for brokers who are both powerful and dependable. In any case, GT Global has been successful in establishing itself as an industry-leading brokerage firm with an outstanding track record. Despite the fact that the company wasn't established until the year 2020, it possesses all of the characteristics of a top-tier brokerage owing to the features it possesses.
To begin, this is a hybrid brokerage that enables you to make deposits and withdrawals in a variety of currencies, including cryptocurrencies. These currencies may be selected from a drop-down menu. Additionally, the company offers the cutting-edge Metatrader 5 platform. The trading platform is renowned for its exceptional trade execution, cutting-edge technology, and amazing indicators, among other features.
Additionally, the top regulators in South Africa and the Seychelles oversee Global GT's operations. This guarantees that the company provides the safety and security that is necessary for every trader. Negative balance protection, an exceptional customer service staff, inexpensive trading fees, a low required minimum deposit, and a test account to help you improve your abilities are some of the other perks that come with an account.
Nevertheless, in spite of this, there are a few areas in which the company is lacking. To begin, you will not be allowed to create an account at Global GT if you are a resident of the European Union (EU), the United States of America (USA), Canada, or the United Kingdom. Additionally, there is room for development in the instructional material that is provided by the company. Aside from that, though, this is a renowned and dependable broker that ought to provide you, whether you are a retail or institutional investor, with a great deal of value.
Overall, Global GT is a trustworthy and reliable broker that provides traders
with a large number of digital tools, as well as traditional and adapted trading
pairs, for an excellent trading experience. Additionally, Global GT is
constantly striving to offer the best possible trading conditions available on
the market. Global GT provides users with the option to open Cent, Mini,
Standard, or ECN accounts.
Global GT is a legitimate brokerage that has been duly registered and regulated. Although the organization had been operational for a period of time before to 2020, the South African corporation did not begin conducting business until that year.
Residents of some nations and territories are not accepted by Global GT. These include the United States of America, Canada, countries inside the European Union, Iran, North Korea, and Belize.
According to the findings of research conducted in South Africa, Global GT is a brokerage firm that is registered in South Africa.
For many years, the GT Group honed its attention on the South East Asia area and, in particular, Japan while simultaneously running profitable businesses under associated brand names such as FXGT and CryptoGT. Global GT is a new brand that will be launched in 2020 with the intention of expanding its operations internationally. The company's website will concentrate primarily on the market in South Africa.
The widespread use of cryptocurrencies and the digitization of the financial markets are what led to the creation of Global GT. The brokerage firm provides traders with the security provided by a conventional Forex broker, who is entrusted with the traders' funds in order to facilitate profitable trading.
Both Global GT (Pty) Ltd and 360 Degrees Markets Ltd are responsible for the operation of Global GT.
Its registration number is 2015 / 059344 / 07 1, and its location is listed as 572 Wagtail, Willow Acres Estate, Willow Acres, Gauteng 0095. Global GT Markets (Pty) Ltd. is a business that has been established in South Africa. The Financial Sector Conduct Authority has designated GT IO Markets (Pty) Ltd as an authorized financial services provider with the FSP Number 48896.
The Seychelles Financial Services Authority has issued Securities Dealer's License Number SD019 to 360 Degrees Markets Ltd., making it subject to that authority's oversight.
Find out which regulatory agencies are acting as watchdogs over the activities of a broker like Global GT. This is one of the finest standards for measuring the safety of a broker like Global GT.
Global GT places a high value on the safety of their customers' assets and makes every effort to ensure that their traders' money is protected at all times. They go above and above to ensure that each of their customers' assets are protected and that they offer the best possible degree of security to their patrons by taking all of the essential safety measures. The following preventative steps have been taken:
By maintaining separate accounts for customer money and business money, the corporation ensures that customer money is kept distinct from company money at all times. This means that the firm will not be able to utilize any assets belonging to customers to finance its own costs or to compensate creditors in the extremely improbable event that the company would default on its obligations.
Customers always have complete access to their own cash, even while the business is closed.
Global GT guarantees that client monies are deposited at highly rated and creditworthy financial institutions since the company maintains the belief that the building of solid connections with Tier 1 banks is essential to the success of the company.
In order to safeguard a client's assets from suffering losses that are greater than the value of their initial investments, sophisticated systems for monitoring and risk management are used to keep constant tabs on the client's account balances in real time. In this method, any negative balances can have an automated correction applied to them.
The organization has policies and procedures that have been created and put into effect by an experienced risk management team. These policies and procedures define thresholds for particular types of risks that are linked with customers' assets. Investments are distributed to the suitable financial institutions and continuously monitored, which enables the organization to recognize and efficiently reduce concertation risks.
The ratio of adequate capital-to-risk exposure that is maintained by the corporation is forty percent, which is three times more than the standard capital-to-risk weighted exposure ratio that is needed by the majority of respected authorities. It is one of the most stringent capital ratios that can be found within the sector as a whole.
Global GT employs cutting-edge and sophisticated encryption technology to maintain the confidentiality of its customers' data and provide the highest possible level of protection. The financial and personal information of customers is encrypted while it is being transmitted and kept on secure servers behind robust firewalls. This is done to prevent data theft and access by unauthorized third parties.
Global GT is an appropriately registered broker that complies with all regulatory regulations in order to maintain a consistently high degree of safety and an adequate ratio of capital at all times.
The registration number for Global GT Markets (Pty) Ltd. in South Africa is 2015/059344/071, and the company is regulated by the Financial Sector Conduct Authority under the FSCA FSP Number 48896.
Seychelles Financial Services Authority is the regulatory body that issues the Securities Dealer's License Number SD019 to 360 Degrees Markets Ltd., which is registered in the country of Seychelles with the Registration Number 8421720-1.
Because Global GT is not subject to the oversight of ESMA, the organization does not engage in any activities that might be construed as the selling of financial products or the solicitation of requests for financial services from nations that are members of the European Union.
The greatest leverage that may be obtained using Global GT is 1:1000.
You can receive a considerably higher exposure to the market you are trading in thanks to a feature known as leverage, which enables you to have much more exposure to the market than the amount you deposited to begin the transaction. Your potential profit can be magnified when you use leveraged items, such as when you trade foreign currency, but your potential loss can also be increased.
The amount of leverage is typically presented in the form of a ratio, such as 1:50, 1:100, 1:500, or 1:1000. Your leverage will be 1:500 if you assume that you have $1,000 in your trading account and that you trade ticket sizes of 500,000 USD/JPY.
The amount of collateral that is used to cover any credit risks that may occur as a result of your trading operations is referred to as margin. It is usually indicated as a percentage of the size of the position (for example, 5 percent or 1 percent), and in order to guarantee that you have sufficient margin, you need to have cash in your trading account.
Additionally, leverage differs between instruments and is dynamically adjusted according to the volume of USD traded. On the website, under the main menu and the selected asset class for which you desire to verify margin requirements, you may get further information on the several variants that are available.
A customer is able to adjust their leverage at any time by following the on-screen instructions found in their private section (the Clients' Portal).
In the event that a customer wishes to reduce the amount of leverage that he is using, the operator will only grant this request if the customer does not currently hold any open positions.
A cent account is perfect for novice traders since it enables them to create trading positions while only requiring a very little initial margin deposit.
The Mini account is perfect for investors that focus primarily on trading CFD instruments, currencies, indices, metals, energies, cryptocurrencies, and GTi12.
The Standard Forex Trading Account is perfect for Traders Who Are Mainly Interested in Trading Foreign Exchange, Including Stocks, Metals, Indices, and Energies.
Standard Plus account - This account is perfect for traders who want access to all of the instruments that Global GT has to offer.
The Pro account is perfect for traders that do a lot of business.
ECN accounts are perfect for traders that are able to handle bigger quantities of trades without any problems. This account is built to mirror real market circumstances with raw spreads on all 10 asset classes, including foreign exchange (FX), CFDs such as metals, indices, energies, stocks, cryptocurrencies, synthetic pairings, defi tokens, and non-fungible tokens (NFTs), and the special GTi12 Index.
Traders who follow the Sharia law and identify as Muslim have the option of opening an Islamic Account with Global GT. It is not clear whether this is only an option via which traders can convert their live trading account to an Islamic Account or whether it is a standalone account with a separate application procedure.
Free trial account: Traders have the opportunity to establish a Demo Account with Global GT, which may be employed in a variety of ways, including, but not limited to, the following:
A practice account is intended for novice traders who want to hone their trading expertise and gain experience while doing so in a setting that does not expose them to any financial loss by utilizing virtual funds.
Traders who are investigating and contrasting various brokers could find it helpful to do risk-free research about the trading conditions offered by Global GT.
At Global GT, a forex account is a trading account that you will own and that will function similarly to your bank account, with the primary distinction being that it is issued mainly for the purpose of trading on currencies. If you are interested in opening a forex account, click here.
Forex Swap-free accounts are another name for Islamic accounts. This name comes from the fact that Islamic accounts do not allow overnight swaps or rollovers, both of which are prohibited by the religion of Islam.
It is common for the number of accounts and types of accounts that a trader is permitted to create with a broker firm to vary not only according to the nation in which the company is based but also according to the regulatory bodies whose jurisdiction it falls under.
The following are some of the most common market instruments that most brokers make available for trading:
Forex trading is a term that is used to describe the currency exchange market, which is a worldwide, decentralized marketplace in which people, organizations, and financial institutions trade currencies for one another at varying exchange rates.
Traders have access to a wide variety of investing options on commodity markets. Trading in soft commodities dates back centuries and plays an important part in both the diversification and control of risk in investment portfolios. During times of economic unpredictability, a tried-and-true method for mitigating risk is to make investments in contract-based, tradable products.
Actual stock market indexes, also known as equity indices or stock indices, are designed to quantify the worth of a certain segment of a stock market. They can be used to symbolize a certain stock market or a particular group of a country's most profitable corporations.
The trade of hard commodities, such as gold and other precious metals, as well as crude oil, copper, or petroleum, are all examples of marketable items that are dependent on contracts. These hard commodities play a significant part in the commodities market.
Due to the impact of political and environmental concerns, supply and demand, harsh weather conditions, and the expansion of economies throughout the world, energy prices are characterized by a high degree of volatility. This characteristic is typical of energy prices.
Cryptocurrencies that can be traded on GlobalGT's platform:
Bitcoin (BTC) is the digital currency that currently holds the position of having the greatest market capitalization.
Litecoin (LTC) is a cryptocurrency that is comparable to Bitcoin but has some key differences.
The Ripple network, which is a next generation real-time gross settlement system, is one of the reasons why Ripple (RPL) is so popular among large banks.
Ethereum (ETH), the second biggest cryptocurrency behind Bitcoin, is notable for empowering developers with the ability to build smart contracts on a standardized platform.
The Bitcoin hard split that occurred in 2017 resulted in the creation of Bitcoin Cash (BCH), a new version of the blockchain that adheres to a distinct set of rules.
All customers have access to Global GT's eight asset classes, which include Forex, Cryptocurrencies, Synthetic Cryptos, Metals, Energies, Equity Indices, Stocks, and the GTi12 Index.
Synthetic Cryptocurrency Produced by Global GT
Synthetic Crypto, commonly referred to as Synthetix, is a protocol that is built on Ethereum. On the decentralized market, trading Synths might include a wide variety of assets, including cryptocurrency, indices, inverses, and real-world commodities like gold (DEX)
Index of the GTi12
A group of Global GT's most knowledgeable technicians collaborated to develop the GTi12 Index. This prestigious index is comprised of 12 different digital currencies.
Cost is determined by a variety of elements, such as spread and margins; also, Global GT customers may be subject to distinct cost structures according on the nation in which they are domiciled or the location of their business.
Spreads offered by Global GT might be variable, which means that they move about within a predetermined range based on the current state of the market.
Spreads have the potential to expand more than usual during turbulent market conditions, the delivery of macroeconomic news, and weekend gaps, but this is entirely dependent on the liquidity providers.
Trading accounts are not subject to commission fees at Global GT; however, dormant accounts, which are defined as those that have not been accessed in more than 90 days, are subject to a $10 monthly maintenance cost.
Accounts typically need a certain minimum initial deposit, which may be paid for using a variety of different methods. The methods for making withdrawals are often the same, however they might on occasion be different.
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When it comes to Global GT, you have the option of depositing BTC, ETH, USDT, ADA, XRP, EUR, or USD, with the deposit currency being subject to change according on the type of payment used.
On the website, the page titled "Deposit and Withdrawals" will provide you with further details on this topic.
The minimum deposits required also change depending on the method used to deposit funds.
The minimum deposit amount that may be made using a bank wire is $2,000.
Deposits from external parties are not accepted by Global GT under any circumstances. It is necessary for the name of a sender to coincide with the name associated with a Global GT account. Any monies deposited by a third party will not be accepted and will instead be sent back to the original source of the cash.
Withdrawal fees are not assessed by Global GT, with the exception of those assessed for Bank Wire transfers. These costs are subject to change based on the amount of the withdrawal as well as the financial institution.
The processing of a withdrawal can take anywhere from a few minutes to up to 24 hours, and the amount of time it takes for the cash to be transferred to your own account will vary depending on the payment method that you chose to use.
Some digital or electronic wallets may be quick, while others may be processed within one business day; the processing time for credit or debit cards may range from two to ten business days. Wire transfers from banks may take between two and five business days.
After it has been completed, you will get a confirmation email in your inbox.
If there is a problem with a client's request to withdraw funds, the firm will get in touch with the customer within twenty-four hours to provide further information on the matter at hand.
Withdrawals have to be processed in accordance with the payment method that was used as well as in proportion to the deposits. The funds have to be sent to the same debit or credit card, digital wallet, or bank account that was used to deposit the money in the first place.
The forex trading platform that is made available to Global GT's customers is, in essence, the software that is used to carry out trades by those customers. There are brokers that provide just one platform, while others offer quite a number.
Clients have the ability to trade forex as well as other asset classes when using a platform that is considered to be multi-asset trading. The selection of which platform to choose will typically rely on the type of trading that a customer is interested in conducting.
The multi-asset MetaTrader 5 (MT5) platform is made available by Global GT. This platform may be used on a variety of devices and allows both manual and automatic trading through the utilization of Expert Advisors (EA).
Clients can download the MT5 Desktop for Windows from their secure area (Clients' Portal) by clicking on the MT5 icon and selecting Meta Trader 5 for Windows, or by visiting the 'Platform' page and clicking on the icon for the MT5 Desktop for Windows. Both of these options are available from within the Clients' Portal.
When a new customer comes in to the platform for the very first time, the platform will only display ten different instruments by default. A user who wants to add more can do so by scrolling all the way to the bottom of the "Market Watch" window and searching for the trading pair that they want to add at that point.
In the event that a customer desires to view all of the instruments that are offered, the customer can make this selection from the Market Watch window.
To be eligible to register an account with Global GT, a person must be at least 18 years old. The time it takes to create an account shouldn't take more than a minute.
After a person has registered with the company, the company will send a confirmation link to the email address that was supplied. The person must then click on the link to verify that they have access to the specified email address, after which the account will be registered.
It is only possible for a customer to register for one account using the same email address. A customer, on the other hand, is then able to open many trading accounts from that location.
To be able to trade with confidence, traders should conduct as much study as they can on this form of speculative trading before beginning, but also preceding every risky deal. This will guarantee that they do not lose money unnecessarily and trade as profitably as they possibly can.
They have access to a part called Market Pulse, which includes Trader Insights, an Economic Calendar, and a Holiday Calendar, all of which may be useful to traders. This portion is available to them through Global GT.
Traders have an increased level of confidence in a corporation that has won awards. Customers have a high opinion of Global GT, yet the website's front page makes no mention of any honors it may have received.
Overall, Global GT is a trustworthy and reliable broker that provides traders with a large number of digital tools, as well as traditional and adapted trading pairs, for an excellent trading experience. Additionally, Global GT is constantly striving to offer the best possible trading conditions available on the market. Global GT provides users with the option to open Cent, Mini, Standard, or ECN accounts.
How many different types of instruments are available to me through Global GT? Through Global GT, you have the opportunity to trade a wide variety of instruments, some of which are as follows:
10 different types of assets (depending on account type)
Equity Indices Relating to Precious Metals
GTi12 Index Stocks in the Energy Sector
Cryptos Manufactured in a Lab
Tokens of the DeFi
Which platforms does Global GT support? The well-known MT5 trading platform is made available by Global GT.
Is leverage available through Global GT? There is a maximum leverage of 1:1000 available through Global GT.
What kinds of spreads might I anticipate while using Global GT? Spreads are determined by market circumstances and can be influenced by a variety of factors including unanticipated global events, political unrest, news releases, the day of the week, and the time of day (e.g., liquidity is usually low at the end of the day and on weekends). The ever-widening spreads are a direct consequence of the current state of the market and are not subject to the company's control.
Does Global GT need a commission for its services? Trading accounts with Global GT do not incur commission fees in any circumstance.
Is Global GT subject to regulations? Yes, both the FSCA in South Africa and the SFSA in Seychelles control Global GT in their respective countries.
Is it advised to use Global GT as a forex trading broker by both experienced traders and novices? Global GT provides a trading environment that is fair for most types of traders; nevertheless, because there is limited instructional help available, it may be best suited for more experienced traders.
What are the key distinctions between a simulated or demo account and a real money trading one? Before setting up a real account that is funded with the customer's actual money, broker companies typically provide prospective clients with the option of using a demo account that is funded with fictitious money. This gives the prospective client the opportunity to become familiar with the trading platforms and features offered by the broker company.
Does Global GT provide a trial version of its accounts? Yes it does. Register for a demo account on their website.
How long will I have access to the demo account? You are free to use the demo account for an indefinite amount of time.
What kinds of live trading accounts does Global GT provide for its customers? There are four different kinds of accounts accessible. The ECN, the Cent, the Mini, and the Standard
What kinds of currencies may be used to make deposits into a live trading account? BTC, XRP, ETH, and USDT in addition to USD, EUR, and ZAR.
What is the lowest amount that may be deposited into Global GT? US Dollars 5, Euros 5, Bitcoins 0.0001, XRPs 0.0001, Ether 0.00105, and Swiss Francs 25.
How do you go about making a deposit and getting your money out at Global GT? The following deposit methods are available with Global GT:
The Bank Wire
Cards such as Visa and MasterCard
A number of different cryptocurrencies
STICPAY and Neteller
The identical approach that was utilized in order to make a deposit may also be utilized in order to make a withdrawal.
Does Global GT impose a fee to withdraw funds from accounts? No, Global GT does not impose any fees associated with withdrawals, with the exception of Bank Wire transfers, the cost of which is subject to change based on the amount withdrawn as well as the financial institution used.
How long does it take to get money out of a bank account? The processing time for withdrawals can range anywhere from a few minutes to up to 24 hours, and the amount of time it takes for cash to be transferred to your own account will be determined by the payment option that you chose. The business estimates that the withdrawal process takes no more than three hours on average.
Some digital or electronic wallets may be quick, while others may be processed within one business day; the processing time for credit or debit cards may range from two to ten business days. Wire transfers from banks may take between two and five business days.
Conclusion: Trading in more than 500 different trading symbols, cryptocurrencies, indices, metals, energy, and equities are all available with Global GT, and the achievable leverage ranges from 1:100 to as high as 1:1000. It appears to be a trustworthy business to work with, since there are several preventative safeguards in place.
Even though it only provides one trading platform, it is the most recent and advanced one accessible, and it can be accessed and used on desktop computers, the web, and mobile devices.
Disclaimer: Potential clients of Global GT are advised that trading in foreign exchange and contracts for difference (CFDs) always involves a high level of risk and may not be appropriate for all investors. Potential traders are encouraged to carefully evaluate their investment goals, financial status, needs, and degree of experience before making a decision to trade with Global GT. Furthermore, they are cautioned against investing money that they cannot afford to lose before making this decision.
Sites like Global GT in the UAE
Here is a list of quality Forex, CFD, Stock and Crypto Brokers for new and professional traders living in the UAE:
- Olymp Trade - People simply love this one (Olymp Trade Review)
- Binance - World's largest cryptocurrency e-wallet and exchange that also has an online trading platform, where their members can invest or trade in virtually hundreds of cryptocurrencies and new tokens. (Binance Review)
- IG Markets UAE - UK broker located at Tower 2, Level 27, Al Fattan Currency House, DIFC. (IG Markets UAE Review)
- City Index Middle East - London-city broker with a branch in the UAE. (City Index Middle East Review)
- eToro - Social trading platform, but much better options are available out there. (eToro Review)
- Swissquote - It's a Swiss bank that offers an online trading platform for forex and CFD trading. (Swissquote Review)
- easyMarkets - Israeli brand that is big all over. (easyMarkets Review)
- Forex.com - Google ranks them in the top 10 for the term "forex". (Forex.com Review)
- Plus500 - UK brand that has its own platform, OK for CFDs, with mediocre reviews. (Plus500 Review)
- AvaTrade - Regulated by ADGM's Financial Services Regulatory Authority (FSRA) in Abu Dhabi. (AvaTrade Review)
- FXCM.com - Oldest brand when it comes to retail online forex trading. (FXCM.com Review)
- Mashreq Neo - An online trading platform provided by Mashreq Bank. (Mashreq Neo Review)
- ForexTime (FXTM) - Owned by Andrey Dashin from the Alpari broker fame. (ForexTime FXTM Review)
- Noor Capital - Licensed and Regulated by the UAE Central Bank and SCA. (Noor Capital Review)
- XM.com - XM broker is big in Africa and South East Asia, and now promoting themselves hard in the UAE. (XM.com Review)
- Saxo Bank - Danish Investment Bank with a long history of catering for premium forex investors. It also provides crypto trading facility. (Saxo Bank Review)
- Pepperstone - Originally Australian, but licensed locally by Dubai Financial Services Authority. (Pepperstone Review)
- CMC Markets - UK-based broker that is popular among CFD traders. (CMC Markets Review)
- ETX Capital - UK broker that has a decent reputation among Arab investors. (ETX Capital Review)
- Interactive Brokers - American online-trading broker that is expanding into Asian and Arab markets nowadays. (Interactive Brokers Review)
- Rakuten Securities - Japanese broker that usually looks out for large institutional investors. (Rakuten Securities Review)
- Dukascopy Bank SA - Swiss bank that offers online forex trading on its own proprietary platform. (Dukascopy Bank SA Review)
- IQ Option - It's a below-average broker with no Dubai office, but does have a toll-free virtual number for UAE: 800 032 0891 -> No Arabic, English only. (IQ Option Review)
Reviewed by Arpita Singh
Arpita Singh is the main writer at ForexBroker.ae. As a senior investment professional with 10+ years of experience working at top-tier Private Equity and Sovereign Wealth Fund; she is also responsible for fact-checking concepts, reviews, and related details about brokers and exchanges listed on this website. Full Bio.