Global GT is a breath of fresh air, as it is one of the few regulated brokers in the midst of an environment overpopulated by scammer brokers. Global GT is not only licensed, but it is actually very good in that it offers great trading conditions, and is actually quite new. Read the review to find out all about it.
This is claimed to be the first Hybrid broker ever to be regulated. Now, this is merely a definition that the company has given to its services, and is in no real way revolutionary. However, the broker is regulated and offers a mixture of FX, CFDs, and cryptocurrencies, which is an excellent catalog of financial instruments
Creating an account was much simpler and quicker than we ever expected it to be. The user area was rather simple and did not really appeal to us. It lacked a touch of professionalism, we thought. We opened a demo MT5 account where we witnessed a EUR/USD cost of trade of 0.1 pips. The demo account seems to mimic either the Standard account or the ECN one, where the spreads are said to border the 0.0 pips value. The Cent account, which seems to be the beginner one, has a supposed average spread of 1.9 pips. As a non-EU broker, offer a leverage all the way up to 1:1000. The MT5 revealed the following available tradeable assets: forex currency pairs, commodities, indexes, ETFs, and cryptocurrencies.
The website of the broker is available only in English.
GLOBAL GT REGULATION AND SAFETY OF FUNDS
There are two branches of the broker that users need to know about.
GT IO Markets (Pty) (globalgt.com/za) Ltd s regulated by the Financial Sector Conduct Authority of South Africa. This regulator is in charge of overseeing the South Africa financial market which is ever growing and ever-expanding. Its main duties are to keep the integrity of the local market industries and to make sure that all brokers function within the confines of the law. Many superb brokers are regulated in South Africa. Global GT seems to be one of these.
360 Degrees Markets Ltd (globalgt.com), the one that we had access to, is regulated by the Seychelles Financial Services Authority (SFSA). The most notable thing to note of this regulator is that all brokers must hold at least 2 shareholders and 2 directors on location. Also, there is a minimum capital requirement of $50 000 that all brokers must hold. However, users should note that the regulator is nevertheless an offshore one. Certain things may get overlooked, while users shouldn’t be too surprised if the broker functions at times in questionable ways.
GLOBAL GT TRADING SOFTWARE
We are glad to announce that the broker offers the superb MT5.
We opened a web-based MT5. The company also offers mobile versions, as well as a fully available desktop trader.
The MT5 is the master of all trading software. It is currently the most popular software among brokers, and is slowly replacing the MT4 as the most preferred software among traders.
GLOBAL GT DEPOSIT/WITHDRAW METHODS AND FEES
There was no minimum deposit. We could proceed with a deposit as low as $1. However, in order to open an account, a user must invest an initial $5 deposit. Except for the ECN type; there the minimum deposit is $250.
There are no fees for withdrawing issued by the broker. Skrill and Neteller withdrawals are processed within 24 hours, while the other methods (soon to be released) promise instantaneous processing of funds. The minimum withdrawal amount is $5.
All in all Global GT is a superb broker, one that we absolutely recommend!
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