Global GT Review
Richard Montana | November 17, 2022
Global GT is a South African-based online brokerage firm that gives you access to trade a good range of more than 500 financial instruments across different asset classes including forex, indices, precious metals, energies, and stocks. You can access the markets via the popular and easy to use MetaTrader 5 platform for all of your desktop and mobile devices. There is a low $5 minimum deposit amount required to start trading with Global GT whilst their spreads are tight and they have competitive fees. You can also test the broker on a demo account to see if they meet your expectations. I think they can be worth consideration for anyone looking to trade with flexible conditions that can be customised according to your own needs.
Pros & Cons
- Powerful and versatile MT5 trading platform
- Over 500 financial instruments to trade
- Good choice of deposit and withdrawal options
- Good help centre with learning materials
- Low minimum $5 deposit to get started
- Tight spreads from as low as 0.0 pips
- Low transaction fees from $0
- Swap-free Islamic accounts
- Free demo trading accounts
- Free VPS for eligible clients
- Excellent 24/7 support
- No MetaTrader 4 platforms
- Inactivity fee after 90 days
- Cannot accept clients from some countries
- Average to high spreads on standard accounts
- Limited research and education
Global GT is a retail broker that is focused on providing traders with unhindered access to multiple financial markets. Trades are carried out using the powerful MetaTrader 5 platform which has plenty of tools for conducting in-depth market analysis to help you make informed decisions. You can get access to various competitive trading conditions including leverage of up to 1:1000, spreads from as low as 0.0 pips on the ECN account, various account types and convenient payment methods for fast deposits and withdrawals. The broker also provides you with some useful learning tools as well as a professional customer support team to assist you around the clock.
The broker operates an STP (straight through processing), or an NDD (no dealing desk) model providing market execution. This means that your orders are automatically routed and executed to their liquidity providers at the best available bid/ask prices. I much prefer this brokerage model compared to a market maker. I think that is removes any conflict of interest between the broker and the trader when there is no dealing desk involved. It can also reduce slippage and provide superior pricing as it comes from a pool of liquidity rather than being set by the broker.
Since Global GT cooperates solely with Tier 1 liquidity providers, they are able to offer fast and guaranteed execution of orders, regardless of volume and/or market volatility.
FX/CFD markets, are known for their volatile nature. Competitive pricing and low latency in execution therefore play a crucial role in the success of a trader as they have a direct impact on their trading activities. For this reason, brokers such as Global GT who offer this cutting-edge technology have a significant advantage over others as this is a truly value-added service.
The GTLot was created by Global GT to enable a common benchmarking criterion for different instruments and asset classes by converting trading volume to US$ and standardising a common unit of measurement of one GTLot to be equal to US$100,000 of trading volume. GTLots are used by Global GT only for benchmarking, promotional and marketing purposes. They can act as a trading performance indicator on the Dashboard allowing the trader to know in a quick and simple way how much overall volume they are trading with their account. GTLots can also be a trading requirement that needs to be maintained, e.g., monthly trading volume of 5 GTLots, to be eligible for Global GT VIP Services.
One of the key things I look for in a broker is the regulation. I would always prefer to use a regulated brokerage firm as they can give you certain protections that an unregulated broker cannot. That being said, Global GT brand is authorized and regulated in two jurisdictions, as follows:
- GT IO Markets (Pty) Ltd is regulated by the Financial Sector Conduct Authority (FSCA)
- 360 Degrees Markets Ltd, an affiliate of the brokerage, is regulated by the Seychelles Financial Services Authority (FSA)
The broker does not accept residents of certain jurisdictions, such as the USA, Canada, Iran, North Korea, and Russia. If you live in one of these countries they cannot accept client from, you can find an alternative broker by setting your required specifications using our free tool to compare brokers.
Global GT provides traders with the sophisticated MetaTrader 5 (MT5) trading platform. It is a reliable trading platform that was developed in 2010 by the software company MetaQuotes and used by millions of CFD traders all over the globe. The Global GT platform is packed with various useful trading tools — flexible trading systems, algorithmic trading tools, multiple charting & analysis, and one-click trading. The platform offers an impressive selection of more than 38 built-in indicators, 22 analytical tools and 46 graphical objects to help boost users’ trading experience. All charts are created based on one-minute intervals, allowing up to 21 timeframes to be used at the same time and the quotes history to be stored in a condensed form. It operates with a lightning-fast speed, ensuring minimal to no lag when executing trade instructions.
The broker makes the platform available in desktop, web, and mobile trading apps for those who need to place and manage trades whilst on the go. I like to use the desktop version of the platform for analysing charts in detail using the excellent range of technical indicators and drawing objects included within the platform. The web platform is great when you need to access your account from another device without installing any software and it is always up to date. I also use the app frequently as it is a quick and easy way to check my positions and what is happening across the markets whenever I feel like it.
- Reliable Stability & Dependability
- Improved Productivity & Performance
- Variety of Pending Orders
- Exclusive Indicators & Analytical Tools
- Wide range of Charts & Timeframes
- Fast Transaction Speed
MQL5 Trading Signals
For those of you who don’t have the time or skills required to trade manually, you could consider the signal service in the MT5 platform. The MQL5 Signals is a service that offers traders access to trading strategies with the use of trading signals. Certain traders may become signal providers for other traders by allowing them to ‘copy’ their trading signals for a fee. When traders subscribe to the signals, signals are automatically copied and executed on their own Live MT5 trading accounts. Each subscription is valid for one month and each account can only be subscribed to one signal at a time. The MQL5 contains a wide range of trading signals and can be accessed on the MT5 Platform with no additional installation requirements. I found there to be a great variety of strategies which you can copy but I would much prefer to maintain control over my own trading decisions. I like to know when and why every position was taken and feel like you learn more by trading yourself. It is also worth pointing out that historical performance is by no means any guarantee of future results.
I like how the broker provides some standalone trading tools to help you get the most out of your trades. Some of the Global GT tools include Trader Insights and an economic calendar that shows the schedule of future market events and their expected impacts on the financial markets. These can both be a useful part of conducting market analysis when deciding on trading activity. I found them to be very useful to confirm signals and help me identify possible opportunities. The information is well presented and easy to understand. I especially like the market sentiment tool as it allows me to see what other traders are doing. Global GT also provides a free VPS service for qualifying clients if you want to automate your trading. To be eligible for MetaTrader Virtual Hosting (VPS) monthly sponsorship you need to maintain a minimum account equity of $3,000 and a monthly trading volume of 5 GTLots.
There are some useful learning resources on the Global GT website to help you make informed trading decisions. Examples include financial news, tutorials, trading guides, an FAQ section, live webinars, interaction with technical analysis experts and more. All registered clients of Global GT are entitled to access GT Live Education completely free of charge.
- Learn more about Global GT
- Ask questions to Technical Experts
- Explore unique Promotions
- Enjoy Daily Financial News
- Take part in Real-time Trading Debates
- Participate in Live Trading Sessions
- Join Live Webinars
- Access MT5 Tutorials
The broker offers a good selection of over 500 of the following trading instruments: forex, indices, precious metals, energies, and stocks. I think there are enough financial instruments for traders with all different interests to build a diversified portfolio. However, if you are looking to trade cryptos then you might want to consider one of our best crypto brokers.
There is a suite of account types, carefully designed and structured to match specific trader profiles. The aim of each account type is to meet all key requirements and empower traders to succeed with their trading strategies. I think it is good that Global GT traders are offered a choice between multiple live trading accounts. The main difference between each account is the spreads and commissions. You can choose the account that is best suited towards your trading strategy. I like how the $5 minimum deposit still gives you access to all of the accounts. Some brokers would require a higher deposit for better trading conditions so it is good to see them treat all equally.
Thankfully, there are free demo accounts if you want to try them out before making a commitment. This enables traders to maximize their real time trading experience and at the same time reduce the risk of invested funds which is why it is also popular amongst users who are looking to test the effectiveness of their trading strategies and EAs.
They also support Muslim traders with swap-free Islamic accounts.
Here are the account types are their features:
- Cent: Minimum contract size: $1,000, spreads from 1.9 pips (commission-free)
- Mini: Minimum contract size: $10,000, spreads from 1.0 pips (commission-free)
- Standard FX: Minimum contract size: $100,000, spreads from 1.5 pips (commission-free)
- Standard+: Minimum contract size: $100,000, spreads from 1.5 pips (commission-free)
- Pro: Minimum contract size: $100,000, spreads from 0.6 pips (commission-free)
- ECN: Minimum contract size: $100,000, spreads from 0.0 pips (commission fee of $6 per lot per round)
The broker’s customer support team is available 24/7 and can be reached through the following contact channels: email, Live Chat, and social media. I have always found them to be very prompt and polite in their responses to the various questions that I have put forward to them. Their live chat is active and responded quickly even on weekends which is a plus point if this is when you are exploring the trading platforms.
Global GT offer a nice variety of quick and easy account funding options. I am pleased that they have plenty of payment options for everyone, including digital wallets which I prefer due to the speed and convenience of funding this way. You can deposit and withdraw funds via any of the following payment methods:
- Bank wire transfer
- Credit/Debit cards
- Online payment processors
Compare Broker Features
|This Broker||AvaTrade||IG||IC Markets|
|Regulated||ADGM FRSA, ASIC, BVIFSC, CBI, FFAJ, FSCA, IIROC, JFSA||ASIC, BaFin, CFTC, DFSA, FCA, FINMA, FMA, FSA, FSCA, JFSA, MAFF, MAS, METI, NFA||ASIC, CySEC, FSA, SCB|
|Commission||From $0||From $0||From $0|
|Instruments||Forex, Commodities, Crypto, Stocks, Indices, Options, Bonds, ETFs||Forex, Commodities, Crypto, Stocks, Indices, Options, Bonds, ETFs||Forex, Commodities, Crypto, Stocks, Indices, Bonds|
|Platforms||MetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade||MetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API||MetaTrader 4, MetaTrader 5, cTrader|
|Funding||Bank Transfer, Credit/Debit Card, E-Wallets||Bank Transfer, Credit/Debit Card, E-Wallets||Bank Transfer, Credit/Debit Card, E-Wallets|
Putting it all together, Global GT is a regulated multi-asset brokerage firm that is based in South Africa. They give traders access to trade over 500 financial markets using the advanced yet user-friendly MetaTrader 5 trading platform. The broker provides various educational resources and some useful trading tools, whilst there is a 24/7 client support team to assist traders.
Traders are offered several competitive trading conditions, such as leverage of up to 1:1000, spreads from 0 pips, various funding options, rapid trade execution speeds and more. There is just a $5 minimum deposit required to start trading and a great choice of account types for each trading strategy.