Review Global GT

Founded in 2020
Headquarters in Seychelles

Global GT is the newest venture of the GT Group, which has been operating other CFD and forex brands such as CryptoGT and FXGT. While those brands were focused on Japan and Southeast Asia, the newest Global GT brand has been launched in 2020 and is focused on South Africa as the GT Group has recognized the need for a successful CFD and forex brand in the region.

Global GT is a new hybrid that combines the new digital cryptocurrencies with traditional fiat transactions. The broker offers clients the stability and trade execution of a traditional broker but adds the ability to use cryptocurrencies to fund accounts.

Global GT Intro

The addition of cryptocurrencies gives traders more choice without taking anything from them. There are plenty of digital tools, and over 140 assets available to trade. The broker also offers excellent trading conditions, with no dealing desk and average market execution speeds of 120 milliseconds.

Broker Regulation

The Global GT brand is operated by GT IO Markets (Pty) Ltd and 360 Degrees Markets Ltd. The former is registered in South Africa and the latter is registered in The Seychelles. This allows the broker to have dual regulation.

GT IO Markets (Pty) Ltd has Registration Number 2015 / 059344 / 07 1 in South Africa and it is regulated by the Financial Sector Conduct Authority under the FSCA, FSP Number 48896.

360 Degrees Markets Ltd is regulated by The Seychelles Financial Services Authority under the Securities Dealer’s License Number SD019.

In addition to the regulation, the broker is backed by the following fund security measures:

  • Capital Adequacy Ratio above 40%
  • Tier 1 Banking
  • Segregated accounts
  • Regulatory Supervision
  • Risk Management

And while neither of the regulatory bodies fall under the European Union ESMA rules, Global GT still provides negative balance protection to all client accounts. That means you cannot have a loss that is greater than your account balance.

Account Types

Global GT offers 4 LIVE account types: Cent, Mini, Standard and ECN. Find out more: https://globalgt.com/za/en/trading/account-features/trading-account

Those trading conditions include variable spreads that start as low 1.9 pips on the EUR/USD pair, leverage as high as 1:1000, and a minimum deposit of just $5.

Global GT Account Types

It is also possible for any trader to apply for a no swap account that complies with Sharia laws.

And the broker also offers a demo account which can be used to test trading conditions and test and new trading strategies.

Trading Platforms

Global GT offers all its traders the world-class MetaTrader 5 trading platform. And they can choose from the desktop platform, the Web Trader, or the mobile app for Android or iOS. MetaTrader 5 is considered to be one of the best CFD trading platforms available, so the choice to offer this platform shows how well the broker knows the industry and how to satisfy the needs of its clients.

With MetaTrader 5 traders can take advantage of the auto trading that comes from the custom coded Expert Advisors, as well as trading signals and custom indicators available through the MetaQuotes Marketplace. There is also a built-in financial calendar, a news feed, and the ability to set custom alerts.

All that functionality is on top of the amazing charting that traders get when using MT5. This charting includes 30 preloaded indicators, numerous technical studies, 9 different order types, and the choice of multiple timeframes.

The MT5 platform for Windows can be easily downloaded from the Global GT website by clicking on the MT5 icon and selecting Meta Trader 5 for Windows, or by visiting the ‘Platform’ page and clicking on the MT5 Desktop for Windows icon. The Web Trader loads right from the Global GT website, and the mobile apps can be downloaded from the Play Store (Android) and the Apple Store (iOS).

Available Assets

Clients can choose from all the most popular asset classes when trading at Global GT, including the new cryptocurrencies. Global GT offers a variety of instruments across 8 asset classes available to all its clients. These include:

  • Forex
  • Crypto
  • Synthetic Cryptos
  • Precious Metals
  • Energies
  • Equity
  • Indices
  • GTi12
  • Index
  • Stocks

Education and Research

Education is a key to improving trading skills, and so we should be very interested in the educational opportunities offered by the broker. Better trading knowledge leads to better trading skills and more profits.

Global GT does not have a dedicated educational platform, although it is possible that is because the broker is fairly new. They do have an extensive FAQ section on their website providing detailed information on all these following topics:

  • Account Opening
  • KYC Documents
  • Deposits, Withdrawals and Transfer of Funds
  • Trading Platform
  • Trading
  • General

The broker also provides a Trader’s Insight section, which is a type of social proof that shows all the open positions of current Global GT clients. As we mentioned earlier there is also some research available directly through the MetaTrader 5 platform.

Broker Bonuses

Because the broker does not fall under the EU regulations, they are able to offer clients bonuses, and these are fairly generous.

Global GT Broker Bonuses

First time deposits are eligible for a 60% bonus. All future deposits can take advantage of a 30% loyalty bonus and the broker offers $35 No Deposit Bonus.

While deposit bonuses are not able to be directly withdrawn and require a set level of trading volume before they become available for withdrawal, they do provide a hefty boost to trading capital, and when combined with the excellent leverage provided can allow a trader to rapidly grow their account balance.

Affiliate Programs

Another feature available to brokers outside of EU regulations is the affiliate program. These programs grant direct payments for referring new clients to the broker.

Global GT has a generous referral plan that will provide affiliates with lifetime commissions on referral trade volumes. The broker also provides its affiliates with a full range of marketing tools to attract new traders, as well as real-time statistics to track commissions.

Customer Service

While no one wants to use customer support, it is very important to have when needed. Global GT goes the extra yard here by providing excellent customer service with a professional and knowledgeable team of support personnel.

Support can be reached via a real time online chat portal and through a web-based form with the support team available 24/7. It is also possible to email support directly at support@globalgt.com.

If you are an existing client, you can open a ticket through your secure area (Clients’ Portal) to be directly connected with the support team.

In Conclusion

Even though Global GT is a new broker, it is part of an established forex and CFD group and provides a very professional and modern trading experience. Regulation is provided through two recognized organizations, and clients will appreciate all the protections offered such as the negative balance protection and segregated banking accounts.

With 140 available assets to trade most traders should have plenty of choice, although we would hope to see the number of assets increased in the future. The 1:1000 leverage is excellent for those able to manage risk appropriately.

Overall, the broker is making a very good start, and with the bonuses and affiliate programs available it makes a very good choice for those with an entrepreneurial spirit.

Both new and experienced traders should enjoy their trading experience with this new, reliable broker.

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