Global GT Review 2023

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Global GT offers dynamic leverage, trading signals and expert market analysis. A low starting deposit and joining bonus also make it a good option for beginners.

Pros

  • Demo account
  • Copy trading
  • Welcome bonus
  • Low minimum deposit
  • Full range of investments
  • Multiple payment methods

Cons

  • No MT4 integration
Bonus40% tiered welcome bonus up to $1500
InstrumentsForex, Metals, Energies, Indices, Stocks
Demo AccountYes
Min. Deposit$5
Payment Methods
Min. Trade0.01 Lots
Regulated ByFSCA, FSA
MetaTrader 4No
MetaTrader 5Yes
cTraderNo
OmniTraderNo
AlgoTraderNo
TradingViewNo
Trading CentralNo
AutochartistNo
eSignalNo
STP AccountNo
ECN AccountYes
DMA AccountNo
MAM AccountNo
PAMM AccountNo
LAMM AccountNo
Demat AccountNo
Mobile AppsiOS & Android
Margin TradingYes
Volatility IndexYes
Spot TradingNo
Perpetual SwapsNo
ELWsNo
REITsNo
AI / Machine LearningNo
Robo AdvisorNo
P2P TradingNo
Negative Balance ProtectionYes
VPS HostingYes
TournamentsNo
Demo CompetitionsNo
Managed AccountsNo
Market MakerNo
Auto TradingMT5
Social TradingNo
Copy TradingYes
Trade SignalsMQL5
Islamic AccountYes
Account Currencies
  • USD
  • EUR
Guaranteed Stop LossNo
Stock Exchanges
  • Australian Securities Exchange
  • CAC 40 Index France
  • DAX GER 40 Index
  • Dow Jones
  • FTSE UK Index
  • Japan Exchange Group
  • Nasdaq
  • S&P 500
Commodities
  • Gold
  • Natural Gas
  • Oil
  • Silver
CFD TradingTrade CFDs with dynamic and auto adjusting leverage.
CFD FTSE Spread270
CFD GBPUSD Spread16
CFD Oil Spread10
CFD Stocks SpreadVariable
CFD Leverage1:1000
Forex TradingTrade a long list of major, minor and exotic currency pairs through the MT5 platform.
Forex GBPUSD Spread16
Forex EURUSD Spread14
Forex EURGBP Spread21
Forex Assets50+
Crypto TradingTrade exclusive crypto products including the GTi12 Index comprised of leading tokens.
Crypto SpreadFloating
Crypto LendingNo
Crypto StakingNo
Crypto MiningNo
Crypto Auto Market MakerNo
Crypto Coins
  • Varies
Risk Warning – Your capital is at risk

Global GT is a South African forex and CFD broker. The group provides access to an array of instruments including forex, stocks, commodities, and indices on six account types with competitive trading conditions. This review of Global GT will cover deposit and withdrawal methods, the firm’s regulatory status, how to register for a live account, minimum funding requirements, and more.

Company Details

Global GT was established in 2019. It was the first regulated hybrid broker to offer trading, deposits, and withdrawals in both fiat and cryptocurrencies.

Part of the GT Group, the broker operates from its headquarters in South Africa. The company operates through two key subsidiaries:

Platform

Global GT offers the MetaTrader 5 (MT5) platform. The terminal is available to download to desktop devices or can be used as a web trader.

Although there is no proprietary terminal, MT5 offers multi-asset trading with advanced tools, technical analysis features, and customizable charts and graphs. The user-friendly layout and intuitive design provide a stable and reliable investing environment.

Global GT trading platform
MetaTrader 5

Platform features include:

Together with access to the broker’s tier-one liquidity providers and Liquidity Aggregation Engine, retail investors can access competitive pricing and superior market execution speeds.

How To Place A Trade

  1. Log in to the Global GT client portal
  2. Download the MT5 platform or log in via the WebTrader
  3. Search for an asset
  4. Select ‘New Order’ via the icon in the top navigation bar
  5. Complete the required trade details including volume, order type, and risk parameters
  6. Select ‘Buy’ or ‘Sell’
  7. Review and confirm the order
Global GT trading tutorial
How To Trade

MQL5 Signals

Retail investors can also subscribe to MQL5 signals. The program offers access to a range of strategies which can be connected to MT5 with no additional installation requirements. The system will then copy and execute market movements within your assigned terminal.

The automated service offers low-latency execution with no commission fees.

How To Install

  1. Register for an MQL5 profile via the website (MQL5.com)
  2. Create a Global GT account and log in to the MetaTrader 5 platform
  3. Select Tools > Options in the top navigation bar
  4. Add your MQL5 credentials to the pop-out
  5. Tick ‘Signals’ then ‘Ok’
  6. Select the ‘Signals’ icon in the toolbox window
  7. View the available signals alongside their specific details and performance statistics
  8. Select ‘Subscribe’ below the signal’s name
  9. Review the terms and conditions of the signal and select ‘Ok’

Assets & Markets

Global GT offers access to 100+ instruments:

A major benefit of trading with Global GT is access to exclusive crypto instruments. This includes the proprietary GTi12 Index comprised of 12 of the most popular cryptocurrencies, alongside unique synthetic crypto pairs such as BTCXAU, BTCUSO, BTCXAG, and BTCSP.

Note, access to asset classes varies between account types. Details can be found in the Accounts section below.

Spreads & Fees

Fees and spreads vary by live account. All profiles except the ECN account offer commission free-trading. Spreads apply instead, with the Pro Account offering the tightest spreads from 0.5 pips. The Cent solution offers spreads from 1.2 pips.

The ECN profile provides direct market access with raw spreads from 0.0 pips. A commission fee of up to $6 per round lot turn applies.

Swap fees apply for positions held overnight. For forex and stocks, swaps are applied daily at 23:59, GMT +3.

Global GT does not charge any fees for deposits and withdrawals.

Leverage Review

Global GT offers leverage up to 1:1000 on a dynamic, tier-based scale. This means a balance of $100 could provide buying power of $100,000.

The Standard FX profile is subject to equity-based leverage only.

The broker has a margin call of 70% and a stop-out level of 40%.

Dynamic Leverage

A dynamic leverage tool is offered on all accounts except Standard FX. It adjusts the level of leverage required based on volume tiers and associated risks.

Below is an example using major forex pairs:

Global GT Mobile App

The MetaTrader 5 (MT5) platform is available for free download to mobile and tablet devices. Day traders can access all account management features, open and close positions, and view charts and graphs while on the move.

It is a shame that Global GT does not offer a bespoke mobile app, however, our experts are confident that retail investors have access to all they need with the MT5 mobile terminal.

Payment Methods

Deposits

While using Global GT, day traders have access to various funding methods.

All accounts have a minimum deposit requirement of $5 or equivalent currency. However, some payment methods have separate starting thresholds.

There are some local payment methods that accept alternative currencies such as VND and MYR, though traders could be liable for currency conversion charges to USD and EUR accounts.

The broker does not charge fees to deposit to a trading account, however third-party charges may apply.

Withdrawals

Before making withdrawal requests, GT Global clients must have completed the relevant account verification requirements.

Similar to deposits, the broker does not charge any fees and processing times vary:

Note, withdrawal requests via debit/credit cards must be equal to the initial deposit value. Additional funds can be processed via e-wallets or bank wire transfers.

Demo Account

A free demo account is available to Global GT day traders. You can practice trading risk-free on all six account types with flexible leverage, a choice of account denomination, and virtual funds.

When we tested Global GT’s paper trading profile, it was quick and easy to register via the client dashboard. You can also switch between live and demo accounts at the click of a button.

Deals & Promotions

Global GT offers several bonuses, competitions, and other promotions to new traders. This includes a 40% welcome bonus of up to $1500 based on your first deposit.

Loyalty bonuses are also available for existing retail traders based on consecutive deposits to live accounts. Additionally, unlimited trading credits are offered to clients who have redeemed the welcome and loyalty bonuses. Customers are rewarded based on the volume traded. Examples include a $7.50 credit per GLot of forex pairs traded on the Standard FX account.

Note, always review the terms and conditions of promotions as unrealistic requirements may be set. Also, access may vary by entity due to regulatory restrictions.

Regulation & Licensing

Global GT operates through two entities, both with regulatory oversight:

Extra Features

GTLot

The GTLot tool is unique to the broker to support day-to-day trading. The feature is designed to create a common unit for trading volumes across all instruments.

The GTLot function works by exchanging the total volume of an account for US Dollars by regulating 1 GTLot to be equivalent to $100,000. Retail investors can use the function for benchmarking purposes and it is available in the client portal.

VPS Loyalty Service

The VPS sponsorship program offers a free MetaTrader virtual hosting program that can be installed onto your MT5 platform. Global GT will cover all associated monthly costs in return for loyalty to the brand.

Eligibility requirements:

GT Inner Circle

A private Telegram channel for Global GT traders. The network offers access to daily trading tips and expert knowledge on market predictions and upcoming events. The brand’s analysts essentially host a platform of like-minded day traders, with encouragement to share ideas and success stories.

A request must be made to access the channel. A minimum monthly volume requirement of 3 GTLots must also be met.

Account Types

Global GT offers six account types for retail clients; Cent, Mini, Standard FX, Standard+, Pro, and ECN. The suite of account options means that you can find a profile that suits your trading style and goals.

You can open all accounts in either USD or EUR fiat currencies or five cryptos including Bitcoin, Ethereum, and Ripple. All accounts offer access to the MT5 terminal, leverage up to 1:1000, a minimum deposit requirement of $5, and a minimum trade size of 0.01 lots. A halal swap-free account is also available on request.

Cent

Ideal for beginners with a contract size of 1000 lots (micro).

Note, this account offers access to major and minor currency pairs, gold and crude oil trading only.

Mini

Suitable for retail investors trading fractional CFDs with a maximum contract size of 10,000 lots.

Trade major, minor and exotic currency pairs, indices, metals, and energy CFDs.

Standard FX

A profile for foreign exchange trading alongside metals, indices, energies, and stock investments. Maximum contract sizes of 100,000 lots.

Standard+

An all-round account with access to all instruments and a maximum contract size of 100,000 lots.

Pro

Ideal for retail investors trading in large volumes. Access all instruments with competitive conditions and a maximum contract size of 100,000 lots.

ECN

A raw spread profile with direct access to real market conditions. Access all instruments with a maximum contract size of 100,000 lots.

How To Open An Account

Our experts were impressed with how quick and easy it is to register for a new Global GT live account. The client portal is easy to use.

  1. Select ‘Start Trading’ or ‘Try Demo’ found in the top right of each webpage
  2. Complete the online registration form (email, contact number, country of residence, and password creation)
  3. Verify your profile with an email confirmation
  4. Log in to the client portal
  5. Select ‘Trading Accounts’ from the top menu nav bar
  6. Click on the ‘Open Trading Account’ icon in the center of the screen
  7. Select ‘Live Account’ or ‘Demo Account’
  8. Choose the account type
  9. Select currency and leverage
  10. Make a deposit
  11. Start trading

Note, account verification is required to make a withdrawal. This includes providing residency information, identity confirmation, and details of previous trading experience. The broker aims to verify all documents within 24 hours.

This process is initiated automatically once total deposits reach $2000 or equivalent currency. The information must be submitted within 14 days or your account may be suspended.

Benefits

When we used Global GT, our experts found several pros to the online broker:

Drawbacks

Reasons to think twice about trading with Global GT include:

Opening Hours

Global GT trading hours operate on a GMT+3 server time. Trading times will vary by instrument. For example, forex and stocks can be traded 24 hours a day, five days a week (Monday to Friday).

A holiday calendar is published on the broker’s website with upcoming market closures by asset class.

Customer Service

Retail investors can be reassured by 24/7, multilingual customer support. This includes via live chat and email.

Contact details:

Although there is no telephone contact number, the FAQ section in the help center is adequate, with plenty of questions and answers with step-by-step guidance and resolutions to common queries. Topics include how to claim the Global GT no-deposit bonus, new profile registration requirements, and login security support.

Security & Safety

Global GT complies with both KYC and AML protocols. Traders can also implement two-factor authentication (2FA) as an additional security layer.

All client funds are segregated from business money and held by top-tier financial institutions. Retail traders also benefit from negative balance protection. Additionally, the broker imposes a stringent capital reserves ratio of 40%.

Global GT Verdict

Global GT is a multi-asset broker offering 100+ instruments with a low minimum deposit and competitive trading conditions. The brand is reliable and traders should be assured of a stable platform in MT5. It would be good to see some more instruments and educational content added in the future to strengthen the broker’s offering.

Accepted Countries

Global GT accepts traders from Australia, Thailand, South Africa, Singapore, Hong Kong, India, Norway, United Arab Emirates, Saudi Arabia, Kuwait, Qatar and most other countries.

Traders can not use Global GT from United States, Canada, Korea, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom.

Compare Global GT

Compare Global GT with similar brokers that accept traders from your location. Among available brokers these are the most similar to Global GT:

  1. Kwakol Markets – Kwakol offers trading on the MT4 & MT5 platforms with high leverage & copy trading.
  2. InstaForex – InstaForex is a CFD broker providing access to forex, stocks, cryptocurrencies, commodities, energies, indices, and more. With competitive fees and a huge range of available assets, the brand offers safe and reliable trading.
  3. World Forex – World Forex offers commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
  4. Coinexx – Coinexx is an ECN broker with 1:500 leverage, 80+ instruments and a joining bonus.

Global GT Comparison Table

Compare Global GT With Similar Brokers
Global GT Kwakol Markets InstaForex World Forex Coinexx
Rating 4 2.4 4.1 4 2.5
Markets Forex, Metals, Energies, Indices, Stocks CFDs, Stocks, Indices, Commodities, Forex, Cryptos Forex, shares, indices, metals, oil and gas, futures, cryptos, binary options Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts Forex, Commodities, Indices, Cryptocurrencies
Demo Account Yes Yes Yes Yes Yes
Minimum Deposit $5 $1 $/€1 $1 0.001 BTC
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Regulators FSCA, FSA ASIC, FINTRAC BVI FSC SVGFSA
Bonus 40% tiered welcome bonus up to $1500 30% – 100% Welcome Bonus 100% Deposit Bonus 100% Deposit Welcome Bonus
Education No No No No No
Platforms MT5 MT4, MT5 MT4, MT5 MT4, MT5 MT4, MT5
Leverage 1:1000 1:1000 1:1000 1:1000 1:500
Payment Methods 11 4 9 10 2
Visit
Review Global GT
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InstaForex
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World Forex
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Coinexx
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Compare Trading Instruments

Compare the markets and instruments offered by Global GT and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare Global GT Trading Instruments
Global GT Kwakol Markets InstaForex World Forex Coinexx
CFD Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes Yes
Stocks Yes Yes Yes Yes Yes
Commodities Yes Yes Yes Yes Yes
Oil Yes Yes Yes Yes Yes
Gold Yes Yes Yes Yes Yes
Copper No Yes Yes No No
Silver Yes Yes Yes Yes Yes
Corn No No No No No
Crypto Yes Yes Yes Yes Yes
Futures No No Yes No No
Options No No No No No
ETFs No No Yes No No
Bonds No No No No No
Warrants No No No No No
Spreadbetting No No No No No
Volatility Index Yes No No No No

Global GT vs Other Brokers

Compare Global GT with any other broker by selecting the other broker below.

Global GT vs

FAQ

Is There A Minimum Deposit Requirement For A Global GT Trading Account?

All Global GT trading profiles have a minimum deposit of $5. This is ideal for beginners.

Some payment methods also have their own funding requirements. See our full review for details.

Is Global GT A Legit Trading Broker?

Global GT is a legitimate brokerage. The group has regulatory oversight from the Seychelles Financial Services Authority (FSA) and South Africa’s Financial Sector Conduct Authority (FSCA).

Retail investors also benefit from negative balance protection and segregated client funds.

What Trading Platform Does Global GT Offer?

Global GT offers day traders access to the MetaTrader 5 (MT5) terminal. The globally recognized platform can be downloaded to desktop devices or used as a webtrader. The platform is also available on mobile devices through a free app.

What Assets Can I Trade With Global GT?

Day traders can invest in forex, commodities, indices, cryptocurrencies, and stocks. We break down asset classes, spreads and commissions in our expert review of Global GT.

Global GT offers dynamic leverage, trading signals and expert market analysis. A low starting deposit and joining bonus also make it a good option for beginners.