Independent Review - Global GT
Global GT is a new CFD and forex broker, but the group behind it has loads of experience with other brands in Southeast Asia and Japan. This new brand is targeting South Africa and is a new concept that embraces the increasingly widespread adoption of cryptocurrencies into traditional financial markets. As a fan of cryptocurrencies ourselves we thought it appropriate to give Global GT a look and see if the broker is likely to be reliable and worth opening an account and trading.
When you land on the home page of Global GT you will not be surprised to learn that the GT Group that operates Global GT has been successfully operating the CryptoGT and FXGT brands for years. The homepage is well-designed and professional. Best of all is that it presents loads of information about the broker clearly and succinctly. There is no digging around for information here or wading through long documents to find what you need.
The Global GT brand came about to bring cryptocurrencies into the prevailing CFD markets and Global GT pulls it off successfully. Not only do clients have the chance to trade cryptocurrency CFDs on the world-class MetaTrader 5 platform, but they can also deposit of withdraw using four of the top cryptocurrencies.
Given that the broker is operated by a long-standing and successful broker group, and that it has dual regulation, it is a fairly safe bet that trading here is going to be safe.
It also appears that the trading conditions are quite fair, with leverage that goes as high as 1:1000 and competitive spreads.
So far everything looks quite good on the surface, but what about when you go deeper? That is what we are going to find out as we dig into Global GT for this review.
As we have already mentioned, Global GT is a properly regulated broker, with regulation from the Financial Sector Conduct Authority of South Africa under the FSCA FSP Number 48896. They are also regulated by The Seychelles Financial Services Authority under the Securities Dealer’s License Number SD019.
Because neither of these regulatory bodies are required to adhere to ESMA rules in the EU the broker retains the ability to offer leverage greater than 1:30 for all its clients.
But we were happy to see that the broker still maintains segregated client accounts and has negative balance protection for all its clients as well. This is a properly set up broker, and it is using its regulation to the best advantage of its clients.
With 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
The broker also makes a demo account available to everyone to test the trading conditions before making a deposit. And the demo account does not have a time limit, which allows for testing new trading strategies before putting them to work with real money.
Finally, every client can open a swap-free account if they are Muslim and need to follow Sharia Law.
Global GT offers a variety of instruments across 8 asset classes available to all its clients. Whether your favorite asset class is forex or cryptocurrencies you will have access to a plethora of trading pairs. You can also take advantage of trading in commodities like gold and crude oil. Or take advantage of the excellent leverage conditions offered by the broker to trade CFDs on some of the world’s top stocks and global indices.
As you can see there are plenty of trading opportunities for traders of all styles and experience levels.
The brains behind Global GT were smart enough to provide the broker’s clients with the world-class MetaTrader 5 platform. This is a platform based on the award-winning MetaTrader 4 platform that has been pleasing traders for nearly 2 decades. The difference is the MT 4 platform is best for forex trading, with the MT5 platform is best for CFD trading. And that makes it an ideal choice for a CFD broker like Global GT.
MetaTrader 5 offers traders the ability to analyze all the assets that the broker has with 80 different built-in technical indicators and analysis tools. The platform also connects to the MetaQuotes marketplace, where traders can find all types of indicators, trading systems, signals, and Expert Advisors. The platform supports the use of VPS and Expert Advisors for automated trading, and comes in versions compatible with Windows PC’s, mobile devices, and a Web Trader that can be accessed from any device with an internet connection and a modern web browser.
Open as many as 100 charts and analyze them on 21 different timeframes. We are not sure who would do that, but if you have the power of MetaTrader 5 you can do that.
As far as we are concerned if you cannot have MetaTrader 4, then MetaTrader 5 is the next best thing.
Global GT has one of the lowest minimum deposits we have seen recently at just $5 for some deposit methods. There are no deposit or withdrawal fees no matter what method you use. The methods currently allowed are Visa and Mastercard, Sticpay, Neteller, Skrill, Swifty, Wire transfers, and four different cryptocurrencies. That surprised me because at most brokers accept Bitcoin, but at Global GT you can make deposits in Bitcoin, Ethereum or Tether.
Processing for most deposits is instant, although cryptocurrency deposits are subject to normal network confirmation times, and wire transfers take 2-5 business days.
Withdrawals are processed within 3 hours and most withdrawals will be received within 24 hours. eWallet withdrawals are immediate and wire transfers take 2-5 business days.
Customer service at Global GT is available 24/7 via email, web form, and online chat session. The support people we contacted to test the level of support seemed knowledgeable, although they did refer us to my account manager for some questions. This is standard for many CFD brokers. Having support available 24/7 is a pleasure.
Webform: Contact Support
The professional outlook of the website and excellent terms of the broker would be surprising for a new broker, until you learn that it is an experienced team behind the operations. That is why everything is set up well, and clients seem to be the top priority.
Dual regulation, high leverage, fast withdrawals, plenty of available assets, and cryptocurrencies accepted for deposits are just a few of the reasons to choose Global GT as your next broker.
It is clearly a trustworthy and reliable broker backed by a serious, professional broker group.
Give them a try and we think you will be as pleased as we were in our review of the trading conditions and terms offered by Global GT.
FSCA (South Africa ) & Seychelles Financial Services Authority
No Dealing Desk
$35 No Deposit Bonus