GT IO group includes 2 related companies.
GT IO SA - located in South Africa, regulated by the Financial Sector Conduct Authority (FSCA).
GT IO SEY - located in the Seychelles, regulated by the Seychelles Financial Services Authority (SFSA).
GT IO group accepts clients from all over the world, excluding USA, Canada, Iran, North Korea, Russia and most of the EEA countries.
Forex broker offers the following underlying assets for trading.
|45+ Currency Pairs||Based on major and minor world currencies.|
|30+ Crypto Pairs||Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, Cardano, Stellar, Polkadot.|
|6 Indice CFDs||Based on baskets of different blue-chip stocks.|
|2 Metal CFDs||Based on Gold and Silver.|
|2 Energy CFDs||Based on Crude Oil (WTI, Brent).|
|30+ Stock CFDs||Based on shares of US companies.|
Established in 2020 in South Africa, Global GT refers to itself as a “hybrid broker” that combines innovations from the nascent cryptocurrency space with opportunities that still exist in the traditional forex space. The broker was previously known under the name GT IO, but now markets itself as Global GT. It offers trading in more than 140 instruments across asset classes such as forex, stocks, commodities and crypto, with leverage going as high as 1:1,000 on the most liquid instruments.
In addition to its head office outside Durban, South Africa, Global GT also has an offshore branch registered in the Seychelles. It’s worth noting, however, that although both branches of the broker are regulated per se, the regulation in the Seychelles is far more relaxed than in traditional “onshore” jurisdictions. As a result, things like protection of client funds in the event of a bankruptcy may not be as good for clients trading under the offshore branch as it is for those trading under the South African branch.
A unique thing about trading with Global GT is the synthetic trading pairs that the broker has created, which combines crypto with traditional assets. For example, a trader could choose to trade Bitcoin against the Nasdaq or the Dow Jones index rather than against the US dollar, or even trade Bitcoin against single stocks like Apple and Facebook. Global GT is, to our knowledge, the only provider out there to offer such synthetic trading pairs, and we believe this could be attractive to some traders.
And although Global GT has been innovative in terms of the trading instruments it offers, the broker has chosen the traditional path when it comes to trading platforms, offering the classic MetaTrader 5 (MT5) as its only platform. As most of our readers probably know, this is a platform that has stood the test of time, having been one of the most popular retail trading platforms since its inception in 2010. However, the platform still remains highly relevant today, with for example an unmatched selection of so-called Expert Advisors (trading algorithms) to choose from.
Like most other forex brokers we have reviewed here on FX-List, Global GT offers several types of trading accounts to choose from. As of this writing, these are:
– A Cent Account with very high spreads, limited to forex trading only
– A Mini Account with lower spreads and a larger selection of trading instruments
– A Standard Account with spreads from just 0.05 pips and trading in all assets
– An ECN Account with the tightest spreads, commissions of USD 10, and a minimum deposit of USD 250
With the exception of the Cent Account, all of the trading accounts offered by Global GT can be opened and denominated in USD, EUR or JPY, or even in the cryptocurrencies Bitcoin (BTC), Ether (ETH), XRP and Tether (USDT) for those who prefer that.
After sign-up, all new clients need to deposit some funds to their account to start trading. With Global GT, this can be done via traditional bank wire transfers, MasterCard, Sticpay, Neteller, Skrill, as well as directly with the cryptocurrencies Bitcoin, Ether, and USD Tether. Note that the minimum deposit amount for bank transfers to Global GT is USD/EUR 100 (ZAR 2,000), while the other funding methods have much lower minimum deposit amounts. All funding methods are processed free of charge by the broker.
Unfortunately, this broker has not made any phone numbers to customer support available on its website. Instead, clients who need support are asked to contact the broker either via live chat, email or a message form on the website. Additionally, we should mention that working hours for the broker’s support team are missing from the website, which makes us doubt that 24 hour support is really available here.
In summary, it’s pretty clear to us that Global GT has taken the recent wave of crypto trading seriously by integrating this new universe with the existing world of stocks and forex pairs. We believe their “hybrid broker” approach is pretty unique and original, and that it could open up many new opportunities for traders looking to diversify their exposure.