Reviewing Global GT – Trade over 8 asset classes today
Global GT is a newly established Forex broker, which started operating in 2020. It is a CFD and Forex broker operated by a famous company, GT Group. The company is operating other successful brokers as well, mainly focusing on the South East Asia region. With this new broker, GT Group is aiming to meet its international aspirations.
While reviewing Global GT, we found that the broker offers very exciting services to its clients. With more than 8 available trading asset classes and user-friendly platforms, there is something for everyone at Global GT. The broker is registered in two different jurisdictions, in South Africa and Seychelles. It is licensed by the Financial Sector Conduct Authority of South Africa and the Seychelles Financial Services Authority.
If you want to learn more about the services offered by Global GT, follow our review as we dive deep into the offerings of the broker and start trading with Global GT today!
Review of Global GT – A quick background
As we have already said, Global GT was established just recently, in 2020. However, the company operating Global GT has a huge history and experience in the Forex trading market. GT Group is operating two other companies, one of which largely focuses on crypto trading. Before Global GT, the GT Group was offering most of its services to the South East Asia region, primarily Japanese traders. With Global GT, the company is aiming at becoming an international leader in Forex trading.
In South Africa, the company is officially registered, with a registration number 2015/059344/07 and is regulated by the Financial Sector Conduct Authority. In Seychelles, the company is registered at 360 Degrees Markets Ltd, regulated by the Seychelles Financial Services Authority.
To make the services accessible for everyone, the broker offers more than 8 trading asset classes through some of the most popular trading platforms, such as the MetaTrader 5. Global GT offers traders market execution, with a speed of 120 milliseconds on average. With exceptionally good services and attractive promotions, the broker was already able to attract thousands of clients.
Reviewing Global GT – The safety of your funds
In Forex trading, your top priority should be the safety and security of your funds. The team behind the broker has noted many times that its main priority is the safety and security of its clients. The Forex broker does so by strictly following the regulatory framework of the two agencies.
There are several requirements that the broker has, which are designed to maximize the safety of the trader’s funds. One of them is negative balance protection, which means that you can be sure that your funds are kept safe at all times. While trading Forex with higher leverage, traders are having a very hard time controlling their funds. This is where the importance of negative balance protection can be noticed.
Thanks to the negative balance protection, you will not be able to lose more money than you already have on your trading account. While using higher leverage, many have lost more money than they could afford. This will not be the case with this Forex broker, since all of your positions will be automatically closed when your balance reaches zero.
Can you stay safe?
Thanks to the regulatory framework that the broker has to follow, traders can be sure that their funds are kept safe at all times. The Forex broker representatives have noted many times that the main priority for them is the safety and security of their clients. This means that the broker dedicates a lot of time to safety measures.
As we have already said, Global GT is licensed by two regulatory agencies, which makes it a very trustworthy Forex broker. The license from South Africa gives it the right to offer local traders its services, while the Seychelles license makes it accessible globally.
Trading assets of Global GT reviewed
Global GT offers a wide range of trading assets, which will give traders the ability to easily diversify their trading portfolios. In total, Global GT offers 8 asset classes:
- Synthetic Cryptos
- Precious Metals
Below, we will discuss the trading assets offered by the broker one-by-one.
Trade Minor, Major, and Exotic currency pairs at Global GT
Global GT focuses largely focuses on Forex trading, and it should not come as a surprise at all. Forex trading is the biggest financial market globally, attracting millions of traders daily. There are numerous currency pairs available at Global GT across three types of pairs, such as Majors, Minors, and Exotics.
Global GT also offers traders a very generous amount of leverage, which can go up to 1:1000. This means that traders have the opportunity to gain higher profits even with a very little initial deposit. However, it is very important to focus on using the leverage in a smarter way to avoid any complications.
Reviewing Global GT – Crypto trading
In recent years, crypto trading has become very popular. There are millions of people who are getting invested in this market because of the amazing offerings that it has. Although it can be very risky as well, it still is a very attractive option for trading. At Global GT, you can trade the most popular cryptocurrencies, as well as unique synthetic pairs.
You can trade cryptos such as BTC, ETH, LTC, and dozens of others in pairs with fiat currencies. Trading cryptos is becoming increasingly popular every day, and there are more and more people who are attracted to this market.
Commodity trading at Global GT
Trading commodities has always been very popular, after all, commodities have always been part of our lives. There are severe;l commodities that you can trade with this broker. You gain access to the trading market through MetaTrader 5, which is a leading trading platform.
You will also be offered different types of indicators and tools that can make trading commodities much easier and enjoyable to traders.
The Forex broker also offers traders access to a number of precious metals, including Silver and Gold.
Trade shares of leading companies with Global GT
There are more than numerous stocks available at Global GT. This includes leading companies such as Apple, Amazon, Delta Airlines, eBay, and many others. Trading stocks is a very attractive offering for those who are looking for long-term investments. If you are one of those people, you will enjoy stock trading at Global GT very much.
As we were able to find out while reviewing Global GT, the execution speed at the Forex broker is very fast, which makes trading very straightforward and effortless. You can also trade-leading indices with Global GT, this includes Dow Jones Industrial Average, Nasdaq 100, Nikkei 225, DAX 30, FTSE 100, and many others.
Global GT review – Fees and Commissions
The Forex broker does not charge any commissions. The minimum deposit to create a live trading account is $5, and there are several ways of payments offered by the broker. You can use more traditional payment solutions, such as credit/debit cards and Bank Transfers.
Global GT accepts payments through Visa and Mastercard. There also are modern payment methods offered by the broker, such as StickPay Wallet, Swiffy, Skrill, and Neteller. Payments can also be processed through cryptocurrency payments. You can deposit funds in BTC, ETH, and USDT. The Forex broker does not charge any commissions for deposits and withdrawals.
Deposits and withdrawals on Global GT can be processed with only 6 currencies. They are: USD, EUR, BTC, ETH, and USDT
As for the actual trading, the Forex broker charges regular spreads. The amount of spread varies asset by asset, it also depends on the time of your trading. There also is an inactivity fee at Global GT, which traders should keep in mind. The inactivity fee is $10 per month.
As for spreads, they are very competitive, especially compared to other Forex brokers in the market. The spreads start from 1.9 pips on EUR/USD and USD/JPY. For BTCUSD it is $2.50, and as for the XAUUSD, it is $0.30.
Steps to start trading at Global GT
Before you are able to start trading at Global GT, there are several steps that you might have to take. Before anything else, you will have to create a live trading account. The process of creating a live trading account is very simple and straightforward at this Forex broker. You can create following trading accounts with this broker:
- Cent Account
- Mini Account
- Standard Account
- ECN Account
It will only take you one minute to sign-up at Global GT. The Forex broker also follows the Know Your Customer policy, which means that you will have to prove your identity after opening a live trading account. You will need some documentation to do so. For example, you are required to provide a copy of a valid passport or an official identification document, and another recent utility bill dated within the last three months. This way, you will verify your identity as well as your registered address.
Our review of Global GT shows that this broker also offers traders access to a demo trading account. A demo account is a great way for beginners to learn more about Forex trading and see how it works in practice. Although you might not be able to earn any profits with a demo trading account, it still is regarded to be a great way to grow as a trader. You can also try out different types of trading strategies with this account and see which ones work better for you.
Reviewing Global GT – Islamic account
If you want to own an Islamic account, you will first have to create a normal trading account, after this, by sending a special request to the support of the Forex broker, you can get access to the Islamic Account. However, keep in mind that swap-free accounts must always be requested only on the grounds of religious beliefs. Traders should also keep in mind that they won’t be able to access exotic currency pairs and cryptocurrency pairs with a swap-free account.
Islamic account is a halal type account, offered to those who follow the beliefs of the Quran. As you might already know, according to Sharia law, it is prohibited to pay or receive any interest rates. The Islamic account is also known as the Swap-Free account because traders are free from paying swaps.
Trading platforms offered by Global GT
Global GT offers traders access to a very popular trading platform, MetaTrader 5. MT5 was developed by a famous Russian company called MetaQuotes and it is among the most used trading platforms among brokers. There are different versions of the MT5 available at the broker.
The first one is regular MetaTrader 5, which can be downloaded on both Windows and Mac devices. There also is a browser-based version, MT5 WebTrader offered by the broker. If you decide to use this platform, you will not have to download any additional applications, you will be able to easily access the market through your browser.
The broker also offers special applications created for those who wish to trade using their smartphones. The trading applications can be downloaded on both, iOS and Android devices through App Store and Play Store. Thanks to mobile trading, you can always stay in touch with the market, no matter where you are.
Review of Global GT – Bonuses and promotions
To help out beginner traders get started in this market, Global GT offers different types of bonuses and promotions. There are many different types of bonuses available at Global GT, you can find the following bonuses among many others at this broker:
- $35 No Deposit Bonus (only for traders from Africa)
- 60% Welcome Bonus
- 30% Loyalty Bonus
These promotions are limited and might not be able at all times. The bonus should be deposited into the trading account instantly and it can only be used for trading purposes. The no deposit bonus and Welcome Bonus can only be applied once per client, which means that if you hold several accounts, you will only be able to use them once.
Also, keep in mind that $35 no deposit bonus is only available for African traders.
The bonuses are only granted after you deposit your funds from your eWallet to your MT4 trading account. Thus, the amount of the bonus will be calculated according to the money deposited on your MT5 trading account, and not on your eWallet.
How to contact the customer support team of Global GT?
There are several options that traders have to get in touch with the customer support team of the Forex broker. You can get in touch with the representatives of the customer support team in the following ways:
- Online Chat
According to our review of Global GT, the customer support team of the broker is available 24 hours a day. We have tried all three of these options and found out that they are very helpful. The fastest option to get the help that you need is online chat. We were very glad to see that we managed to contact the customer support team in just a few minutes, and they ended up very helpful.
Also, another great thing about Global GT is that the website of the broker special pages for FAQs, which is full of answers that you might have to the broker. The website of the broker also looks excellent, and you can effortlessly find anything that you want to at Global GT.
Should you start trading at Global GT?
After reviewing Global GT and the services that it offers, we are able to confidently recommend this Forex broker to our readers. Although Global GT was established in 2020, the team behind the broker has a very long history of offering services globally. We believe that Global GT can be trusted by traders because of the amazing services that it offers.
So, if you are looking for a new Forex broker to start trading with, go ahead and open a live trading account and start investing using one of the most popular trading platforms in the market, MetaTrader 5.