Global GT Forex Trade Platform and Broker Review

Global GT Forex Trade Platform and Broker Review

Share on facebook
Share on linkedin
Share on twitter
Share on pinterest
Share on email

Global GT Broker Review

Global GT is a well-regulated and well-known forex trading platform and broker established in 2020 in South Africa. Global GT’s primary services involve trading in more than 500 financial instruments across several asset classes.

Global GT has between 10 and 50 employees and is headquartered in Kwa-Zulu Natal, South Africa.

Is Global GT Regulated?

Yes, Global GT is regulated in two jurisdictions, namely South Africa and the Seychelles. GT IO Markets (Pty) Limited is a South African-based broker that is regulated by the Financial Sector Conduct Authority (FSCA).

Meanwhile, 360 Degrees Markets Limited, an affiliate of Global GT, is registered in the Seychelles with regulation through the Seychelles Financial Services Authority (FSA).

 

Is Global GT Regulated in the United States?

No, Global GT is not regulated in Virginia or any other US state. 

Is Global GT Regulated in Europe?

No, Global GT is not regulated in Europe.

Is Global GT regulated in a Tier-1 Jurisdiction?

No, Global GT is not regulated in a tier-1 jurisdiction.

Tier-1 Jurisdiction provides forex brokers with the license to provide financial services in Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Israel, Japan, Luxembourg, Netherlands, New Zealand, Norway, Puerto Rico, Singapore, Sweden, and Switzerland.

Is Global GT regulated in Tier-2 Jurisdiction?

Yes, Global GT is regulated in tier-2 jurisdiction.

Tier-2 Jurisdiction provides Global GT with the license to offer financial services and operate in the British Virgin Islands, Cayman Islands, Cyprus, Italy, Malaysia, Mexico, Poland, Portugal, Spain, and Taiwan.

According to the official website, Global GT is regulated in Tier-2 jurisdiction.

What are the Platforms and Tools for Forex Trading in Global GT?

Global GT offers forex traders with the use of the famous, reliable, and well-known MetaTrader 5. With a Global GT trading account and MetaTrader 5, forex traders are provided with reliable stability and dependability. 

MetaTrader 5 is well-known for its performance, access to various markets, and dynamic features, which includes access to 38 indicators, 22 analytical tools, 46 graphical tools, and more.

An added advantage is that MetaTrader 5 is available across several devices and that traders can seamlessly integrate their trading account across mobile, desktop, and web.

Does Global GT Have a News Blog for Forex News?

Yes. Global GT offers a free news blog for forex news on the official website.

Does Global GT Have a Traders Dashboard?

Yes, Global GT has a Traders Dashboard, which can be accessed once forex traders register either a demo or a live trading account.

Global GT Traders Dashboard

Does Global GT Have an Educational Section?

No, Global GT does not have an Educational Section on the official website.

Is Global GT Legit?

Yes, Global GT is a legit Forex Broker and Trade Platform that has regulation through FSCA and FSA.

Is Global GT Safe?

Yes, Global GT is a reliable and safe Forex Trade platform where regulation and stringent safety protocols are concerned. Global GT is regulated by the Financial Sector Conduct Authority (FSCA), while 360 Degrees Markets Ltd, an affiliate of Global GT, is regulated by the Seychelles Financial Services Authority (FSA).

Is Global GT a Good Broker?

Yes. According to the Forex Suggest review, Global GT is a good broker for security, trading speed, online support, and for cryptocurrencies. 

In terms of security, Global GT is well-regulated and keeps client funds in segregated accounts with top-tier banks.

Where trading speed is concerned, Global GT guarantees fast market execution within seconds.

In terms of online support, Global GT offers a live chat function throughout the site with support in multiple languages, available 24 hours a day, 7 days a week.

Where cryptocurrencies are concerned, Global GT offers the trade in BTC, ETH, XRP, and LTC. Global GT is also one of few forex brokers that offer the trade in a variety of synthetic cryptocurrencies.

What is the Offering of Investment in Global GT?

Offerings of Global GT can be found below.

Feature Global GT
Forex Trading Yes
CFDs Yes
Forex Pairs Yes
Cryptocurrency (Physical) No
Cryptocurrency (CFD) Yes
Social Trading  No

Does Global GT have Nasdaq?

Yes, Global GT offers share CFDs that can be traded on Nasdaq.

Nasdaq, known as the US Tech 100 or the Nasdaq composite, is the second-largest stock exchange by market capitalization. Nasdaq tracks the top technology stocks in the US.

What are the Awards of Global GT?

Global GT does not list any awards on the official website.

How to Use Global GT for Forex trading?

To use Global GT, a forex trader should have the necessities below:

  1. Traders must have a copy of their identity document along with proof of their residential address for Global GT’s “Know Your Client” or KYC process.
  2. Traders must be 18 years old or older to register an account.
  3. Traders must be able to pay the $5 minimum deposit.

Once a forex trader meets the conditions above, they can register a forex trading account to use the services of Global GT.

How to open a Forex trader account with Global GT?

To open a Forex Trading account with Global GT, a trader should follow the steps below.

  1. Traders can navigate to the official Global GT website and select “Register Now” from the homepage.
  2. An online application will load, and traders can provide their full name, email address, user-selected password, country of residence, and their mobile number before selecting “Register.”
  3. Traders will receive a verification on the email address that they provided.
  4. Traders can click the embedded link to confirm their email address, and they will be redirected to the Global GT website and the Client Portal login.
  5. From here, traders can select “Open Trading Account” to start the online application process.
  6. Traders can select “Live Account” and proceed to choose their live account between Cent, Mini, Standard, and ECN after reviewing the account features.
  7. Forex traders can select their base account currency between USD, EUR, BTC, ETH, USDT, and ZAR. Traders are allowed to register a maximum of eight live accounts in any of the base currencies with Global GT.
  8. Next, traders can select their preferred ratio of leverage between 1:5 and up to 1:1000, with the option of adjusting it in the Client Portal at any given time.
  9. Once selected, the forex trader can select “Proceed,” and a new page will load, providing traders with an auto-generated password that they can accept or change in the field provided.
  10. Traders will be returned to the Trader’s dashboard, where they must select the banner indicating that their account verification is pending.
  11. To verify the account, traders must complete sections pertaining to their personal and investor information. Lastly, traders must upload copies of their identification documents and proof of residence to verify their identity before the account is approved.

 

What are the Forex Trader Account Types with Global GT?

Forex Trading Platform and Financial Asset Management Institution Global GT have five different account types that are offered.

Global GT Account Types are listed below. 

  1. Demo Account
  2. Islamic Account
  3. Cent Account
  4. Micro Account
  5. Standard Account
  6. ECN Account

1. Demo Account

Global GT offers a demo account on all the live accounts, providing traders with a risk-free environment that mirrors the features of the live trading accounts. Beginners can use the demo account as a practice account to gain experience in trading forex before they register a Cent Account.

More advanced forex traders can also use the demo account to test their strategies. Alternatively, traders can also use the demo account to evaluate what Global GT offers.

2. Islamic Account

Global GT offers Muslim traders with the option of converting any of the live trading accounts to that of an Islamic or Swap-free account. However, traders must note that this is done according to specific criteria, and Global GT reserves the right to approve Islamic Account applications.

3. Cent Account

The GT Global Cent Account is an account where all values are in cents. This makes it the perfect account for beginner traders and those who want to test their trading strategies without risking their capital. The features of the Cent Account are:

  • Contract size – 1,000
  • Access to forex major and minor pairs
  • Spreads from 19 pips
  • Commission-free trading
  • Leverage up to a maximum of 1:1000
  • Minimum deposit of $5
  • Access to promotions and deposit bonuses
  • Minimum trade size of 0.01 lots
  • Maximum trade size of up to 500 lots and a maximum volume limit of up to 4,000 lots
  • Base account currency – EUR or USD
  • Access to MetaTrader 5
  • Market execution
  • Margin call of 50% and stop-out of 20%
  • Swaps applicable on this account for positions held overnight and over weekends
  • The option of converting the account to an Islamic Account, subject to specific criteria
  • Access to limit and stop levels
  • Maximum of 150 positions and 50 pending orders
  • Negative balance protection which is automatically applied to the account

4. Mini Account

The Global GT Mini Account is the next level in account types that caters for more experienced forex traders, providing them access to more markets and more features, including:

  • Contract size – 10,000
  • Access to forex major, minors, and exotics along with CFDs on indices and cryptos, metals, and energies
  • Spreads from 10 pips
  • Commission-free trading
  • Leverage up to a maximum of 1:1000
  • Minimum deposit of $5
  • Access to promotions and deposit bonuses
  • Minimum trade size of 0.01 lots
  • Maximum trade size of up to 200 lots and a maximum volume limit of up to 500 lots
  • Base account currency – BTC, EUR, XRP, USDT, EUR, USD, ZAR
  • Access to MetaTrader 5
  • Market execution
  • Margin call of 50% and stop-out of 20%
  • Swaps applicable on this account for positions held overnight and over weekends
  • The option of converting the account to an Islamic Account, subject to specific criteria
  • Access to limit and stop levels
  • Maximum of 150 positions and 50 pending orders
  • Negative balance protection which is automatically applied to the account

5. Standard Account

The Global GT Standard Account is the most popular option chosen by most traders. It has the following features:

  • Contract size – 100,000
  • Access to all forex pairs, CFDs on indices, stocks, and cryptocurrencies, as well as metals, energies, synthetic cryptocurrencies, and the GTi12 Index
  • Spreads from 0.05 pips
  • Commission-free trading
  • Leverage up to a maximum of 1:1000
  • Minimum deposit of $5
  • Access to promotions and deposit bonuses
  • Minimum trade size of 0.01 lots
  • Maximum trade size of up to 100 lots and a maximum volume limit of up to 200 lots
  • Base account currency – BTC, ETH, XRP, USDT, EUR, USD, ZAR
  • Access to MetaTrader 5
  • Market execution
  • Margin call of 50% and stop-out of 20%
  • Swaps applicable on this account for positions held overnight and over weekends.
  • The option of converting the account to an Islamic Account, subject to specific criteria
  • Access to limit and stop levels
  • Maximum of 100 positions and 100 pending orders
  • Negative balance protection which is automatically applied to the account

6. ECN Account

The Global GT ECN Account is reserved for experienced and professional traders who trade high volumes and who expect the best trading conditions. The features on the ECN Account are as follows:

  • Contract size – 100,000
  • Access to all forex pairs, CFDs on indices, stocks, and cryptocurrencies, as well as metals, energies, synthetic cryptocurrencies, and the GTi12 Index
  • Spreads from 0.0 pips
  • Commissions of $10
  • Leverage up to a maximum of 1:1000
  • Minimum deposit of $250
  • Minimum trade size of 0.01 lots
  • Maximum trade size of up to 200 lots and a maximum volume limit of up to 200 lots
  • Base account currency – BTC, ETH, XRP, USDT, EUR, USD, ZAR
  • Access to MetaTrader 5
  • Market execution
  • Margin call of 70% and stop-out of 40%
  • Swaps applicable on this account for positions held overnight and over weekends.
  • The option of converting the account to an Islamic Account, subject to specific criteria
  • Access to limit and stop levels
  • Maximum of 100 positions and 100 pending orders

How to Withdraw Money from Global GT?

To withdraw money from Global GT, the following should be done:

  • Traders can log into their client portal and select “withdraw” from the options on the trader's dashboard.
  • Traders must complete a withdrawal request with the account ID from where they are withdrawing, the amount, currency, and method of withdrawal.
  • Traders must note that Credit Card and Bank Wire withdrawals are processed during banking working hours.
  • Where crypto withdrawals are concerned, these will depend on blockchain overload, and this might affect the processing time.
  • Traders must note that there is a minimum withdrawal on some methods.

How many days do deposits take with Global GT?

There are some deposit methods that may reflect instantly, whereas others may take several days, such as bank wire transfer.

What are the costs and fees with Global GT?

There are four types of costs with Global GT, namely spreads, commissions, swap fees, and margin requirements. 

The spread is the difference between the bid and the asking price, which is indicated in pips, and which can fluctuate depending on market conditions. Commissions are charged on the ECN Account for certain instruments.

Swap, overnight, or rollover fees are charged on certain positions that are held open overnight or over weekends after trading has concluded. The swaps charged by Global GT are calculated as the lot x contract size x point value x swap points. 

Margin requirements or calls are collateral and must be paid by the trader at the beginning of the trade. Leverage lowers these requirements significantly. However, leverage must be used wisely.

The swap rates that Global GT charges are not given on the official site. However, Global GT provides a guide for calculating swap fees.

What are the Trading Fees with Global GT?

The Forex Trading Fees with Global GT are below. 

The Cent Account:

  1. Spreads: from 19 pips
  2. Commissions: None
  3. Margin Call: 50%

The Mini Account:

  1. Spreads: from 10 pips
  2. Commissions: None
  3. Margin Call: 50%

The Standard Account:

  1. Spreads: from 0.05 pips
  2. Commissions: None
  3. Margin Call: 50%

The ECN Account:

  1. Spreads: from 0.0 pips
  2. Commissions: $10
  3. Margin Call: 70%

What is the minimum deposit in Global GT?

The recommended minimum initial amount is 5 USD. 

What are the contract specifications in Global GT?

Feature Global GT
Forex Trading Yes
CFDs 200+
Forex Pairs 40+
Cryptocurrency (Physical) 0
Cryptocurrency (CFD) 5
Social Trading  No

Does Global GT have promotional offers?

Yes, the Global GT Trade and Exchange platform has promotional offers for existing as well as new forex trading account holders. These promotional offers are as follows:

  1. No-Deposit Bonus of $35
  2. Welcome Bonus of 60%
  3. Loyalty Bonus of 30%

Does Global GT have a welcome bonus?

Yes, Global GT offers a welcome bonus of 60% to new forex traders.

A welcome bonus is offered to traders who register a real account for the first time and provides them with trading credit. Global GT’s welcome bonus is based on transfer-in amounts, and the maximum bonus amount is $600.

This welcome bonus is only applicable to the Cent, Mini, and Standard Live Trading Accounts.

Does Global GT have a deposit bonus?

No, Global GT does not have a deposit bonus.

A deposit bonus is granted to forex traders either when they register a new account or with every deposit, according to the discretion of the broker. 

Is there a commission-free trade bonus in Global GT?

No, Global GT does not offer forex traders with a commission-free trade bonus.  

Is there a VIP bonus in Global GT?

No, Global GT does not offer forex traders with a VIP bonus.

Can you start trading with no money at Global GT?

No, you cannot start trading with no money at Global GT. To start trading, traders must pay a minimum deposit of $5.

How does leverage work with Global GT?

Global GT offers traders with flexible leverage from 1:5 up to a maximum of 1:1000. Traders can select their preferences when they register for a live trading account. Traders can change this at any given time in the account settings.

Leverage is a useful tool that allows traders to open larger positions by lowering the margin requirement or call that is needed at the start of each trade as collateral. Leverage can maximize the trader’s profit potential, but it can also expose traders to significant losses.

Where are the headquarters of Global GT?

Global GT is headquartered in Kwa-Zulu Natal, South Africa.

Who is Global GT’s CEO?

Global GT does not elaborate on this information on the official website, and this information is not given by Global GT's official support.

What are the social media accounts of Global GT?

Traders can follow Global GT on the following social media accounts:

  • Twitter
  • Facebook
  • Instagram
  • Telegram

How many employees do work for Global GT?

There is no official source that provides the employee number for Global GT. However, due to the size of operations, Global GT has between 10 and 50 employees.

What are the opinions about Global GT?

Global GT is a well-regulated Forex trading broker and platform that offers comprehensive trading solutions. Global GT is well-known for its dynamic trading accounts, which are suited to different trading experience levels.

What are Global GT Contests?

Global GT does not run any contests.

Global GT does not currently have any contests, and there are no announcements on the official websites that indicate whether there will be contests held in the future.

Does Global GT have online support?

Yes, Global GT offers online support to forex traders through the live chat option, which can be used throughout the official website.

Does Global GT offer demo accounts for Forex trading?

Yes, Global GT offers a free demo account for all new traders. The demo account can be opened with the following steps:

  1. Traders can navigate to the official Global GT website and select “Register Now” from the homepage.
  2. An online application will load, and traders can provide their full name, email address, user-selected password, country of residence, and their mobile number before selecting “Register.”
  3. Traders will receive a verification on the email address that they provided.
  4. Traders can click the embedded link to confirm their email address, and they will be redirected to the Global GT website and the Client Portal login.
  5. From here, traders can select “Open Trading Account” to start the online application process.
  6. Traders can select “Demo Account” and select the account type that they wish to demo, whether Standard, Mini, ECN, or Cent.
  7. Next, traders can select the base currency for their demo account (EUR or USD) and the leverage ratio between 1:5 and 1:1000 before selecting “Proceed.”
  8. A new page will load, displaying the forex trader’s auto-generated password. Traders can opt to select their own by entering it in the field provided.
  9. Once complete, the forex trader’s demo account creation will be complete, and they can start using their demo account.

Does Global GT have a mobile app for Forex trading?

Yes, Global GT offers the Direct App for Android and iOS through MetaTrader 5. 

With a Global GT account and MetaTrader 5 mobile, traders have access to a range of markets from the palm of their hand. Forex traders have access to all the features and functions as with other versions of the app, allowing them access to a range of trading opportunities.

With MetaTrader 5, forex traders can make informed trading decisions, and their Global GT account ensures that they have the best trading conditions. Traders can develop and test their forex trading strategies with MetaTrader 5 before they use them in a live trading environment.

MetaTrader 5 also provides a range of advanced tools that forex traders can use to refine their trading.

Does Global GT publish an economic calendar?

Yes, Global GT publishes an economic calendar on the official website. Forex traders can access and use the economic calendar free of charge without registering a trading account.

An economic calendar is a crucial trading tool that provides traders with the ability to view relevant economic information which is scheduled to be released. Such events could impact on the financial markets and, subsequently, the trader’s trading.

The economic calendar allows forex traders to plan their forex trading around certain events. It also allows traders to plan their forex trading to harness certain opportunities that may present themselves during such events.

What is the communication information of Global GT?

Global GT does not provide a telephone number on the official website. 

There is only one main business address for Global GT: Aurora Drive, Liberty Life Building 21, Office 125, 1st Floor Umhlanga, Kwa-Zulu Natal, South Africa, 4301.

360 Degrees Market Limited, the affiliate of Global GT, is based at Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles.

Traders who wish to contact Global GT can do so either through the live chat function, via social media, email, or by completing the contact request form on the official website.