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Global GT Review

As an online brokerage business headquartered out of South Africa, Global GT can provide traders with access to more than 500 financial instruments from across a variety of asset classes. Global GT does not occupy an office in Nigeria, and the broker is not regulated by the Central Bank of Nigeria (CBN), but Global GT is authorized in two regions namely South Africa, under GT IO Markets (Pty) Ltd and in Seychelles under 360 Degrees Markets Ltd. Global GT is currently not regulated by the CBN.

Updated : July 20, 2022

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Regulation and Safety of Funds

005 feature selection

Account Types and Features

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Account Registration

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Trading Platforms

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Range of Markets

007 fees

Fees

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Deposits and Withdrawals

003 research

Education and Research

002 affiliate marketing

Affiliate Program

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Final Verdict

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Pros and Cons

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FAQ

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Global GT Overview

Global GT Review Overview

👉 According to research in Nigeria, as an online brokerage business headquartered out of South Africa, Global GT can provide traders with access to more than 500 financial instruments from across a variety of asset classes.

 

👉 Global GT does not occupy an office in Nigeria, and the broker is not regulated by the Central Bank of Nigeria (CBN), but Global GT is authorized in two regions namely South Africa, under GT IO Markets (Pty) Ltd and in Seychelles under 360 Degrees Markets Ltd.

 

👉 Global GT focuses on giving unrestricted access to a wide range of financial markets to its clients. For desktop, online, and mobile trades, traders rely on the well-liked and sophisticated MT5 trading platform.

 

👉 For traders’ convenience, the broker also offers educational resources and an around-the-clock customer support crew. This Global GT review will provide traders with the details that they need to consider whether the broker is suited towards their unique trading objectives and needs.

 

Distribution of Traders

👉 The distribution of traders for Global GT is as follows:

➡️️​ Indonesia – 25.5%

➡️️​ South Africa – 18.8%

➡️️​ India – 18.7%

➡️️​ Malaysia – 17.8%

➡️️​ Thailand – 12.5%

 

Popularity among traders who choose Global GT

🥇 Because Global GT is based in South Africa and is regulated by the FSCA, it is part of the Top 50 brokers recommended for Nigerian traders.

Global GT at a Glance 

🏛️ HeadquarteredSouth Africa
🏛️ Nigerian Based OfficeNo
👍 Accepts Nigerian Traders?Yes
📅 Year Founded2020
📱 Nigerian Office Contact NumberNone
⚖️ RegulationFSCA, FSA
🔎 License Number• South Africa – FSP 48896
• Seychelles – SD019
⚖️ CBN RegulationNone
✴️ Regional RestrictionsUnited States, Russia, Canada, Iran, and North Korea
☪️ Islamic AccountNo
📈 Demo AccountYes
📈 Retail Investor Accounts5
📊 PAMM AccountsNone
📊 Liquidity ProvidersUnknown
💰 Affiliate ProgramYes
📊 Crypto trading offered?Yes
🚀 Offers a Nigerian Account?No
💻 Dedicated Nigerian Account Manager?No
📈 Maximum Leverage1:1000
📈 Leverage Restrictions for Nigeria?No
💳 Minimum Deposit (₦)2,000 Nigerian Naira or equivalent to $5
💳 Nigerian Naira Deposits Allowed?Yes
💰 Active Nigerian Trader Stats1.3 million
📈 Active Nigerian-based Global GT customersUnknown
💰 Nigeria Daily Forex Turnover$1.25 million+
💳 Deposit and Withdrawal Options• Debit Card
• Credit Card
• Cryptocurrencies
• Sticpay
• Neteller
• Skrill
• Online Naira
• Perfect Money
• Local Banks
• Zotapay
• Fasapay
• Bank Wire Transfer
💰 Segregated Accounts with Nigerian Banks?No
💻 Trading PlatformsMetaTrader 5
💰 Tradable Assets• Forex
• Cryptocurrencies
• Synthetic Cryptocurrencies
• Precious Metals
• Energies
• Equity Indices
• GTi12
• Stocks
• DeFi Tokens
• NFTs
🌐 Offers USD/NGN currency pair?No
🌐 USD/NGN Average SpreadN/A
📈 Offers Nigerian Stocks and CFDsNone
👨‍💼 Languages supported on WebsiteEnglish, Arabic
👥 Customer Support LanguagesMultilingual
👥 Customer Service Hours24/7
👥 Nigerian-based customer support?No
💰 Bonuses and Promotions for NigeriansYes
✴️ Education for Nigerian beginnersYes
📊 Proprietary trading softwareNo
💰 Most Successful Nigerian TraderUche Paragon ($20 million net worth)
✔️ Is Global GT a safe broker for Nigerians?Yes
✔️ Rating for Global GT Nigeria8/10
✔️ Trust score for Global GT Nigeria95%
👉 Open an account👉 Open Account

Regulation and Safety of Funds

Global GT Review Regulation And Safety

👉 At all times, Global GT adheres to all regulatory criteria and maintains a high degree of financial strength.

➡️ GT IO Markets (Pty) Ltd is a forex and CFD broker that is headquartered in South Africa, with strict regulation through the Financial Sector Conduct Authority (FSCA). GT IO Markets also operates under FSP Number 48896.

➡️ 360 Degrees Ltd is a broker and trading provider that is regulated by the Seychelles Financial Services Authority under the Securities Dealer’s License Number SD019. In addition, 360 Degrees Markets Ltd is an affiliate of the brokerage licensed in Seychelles with registration number 8421720-1.

 

👉 Clients who trade through Global GT will receive investor protection that includes market coverage to secure all liabilities against traders. It also covers third parties against any errors, omissions, or any other risks that could lead to financial loss.

 

👉 All client funds are kept in segregated accounts and these funds are kept in a separate account to the operational funds of Global GT. These funds are not used to fulfill financial obligations. Customers’ personal information is protected using the most modern encryption technology available.

 

👉 To avoid data theft and unauthorized third-party access, all clients’ personal information, including their trading profiles and transactions, is kept on secure servers secured by robust firewalls.

Account Types and Features

Global GT Review Account Types

👉 With Global GT, users in Nigeria can choose from a variety of account types and sizes to suit their investment plans and chosen asset classes. Global GT is known for offering low spreads, dynamic leverage, and a wide range of deposit and withdrawal options, along with the following live trading accounts:

➡️ Cent Account

➡️ Mini Account

➡️ Standard Account

➡️ Standard FX Account

➡️ ECN Account

 

Live Trading Accounts

Global GT Review Live Trading Accounts

Cent Account

This account is the ideal option for Nigerian beginner traders who want exposure to live market conditions without the significant risks of conventional trading. The Cent Account is also a valuable tool for professional traders who want to test their trading strategies in live market conditions.

 

Account FeatureValue
📊 Contract Size1,000 Base Units of Currency
💰 Asset ClassesForex Major and Minor Pairs
📈 Average Spread19 pips
💰 Commissions chargesNone
💸 Maximum Leverage1:1000 depending on the trading volume
🚀 Minimum Deposit2,000 NGN equivalent to $5
💵 Access to Promotions and Bonuses?Yes
🔁 Swap-Free OptionYes, by default
💰 Maximum Trade Size

500
💵 Maximum Volume Limit400
💸 Base Account CurrencyUSD or EUR
💻 Order ExecutionMarket
📲 Margin Call50%
🛑 Stop-out20%
📊 Limit and Stop LevelsYes
💵 Maximum Number of Open Positions150
💳 Maximum Number of Pending Positions50
⚖️ Is Negative Balance Protection Applied?Yes

 

Mini Account

👉 This is the upgrade to the Cent Account, providing traders with larger position sizes, tighter spreads, and a larger range of markets.

 

Account FeatureValue
📊 Contract Size10,000 Base Units of Currency
💰 Asset ClassesForex Major and Minor Pairs, Exotics, CFD Indices, Precious Metals, Energies, CFD Cryptocurrencies, GTi12 Index
📈 Average Spread10 pips
💰 Commissions chargesNone
💸 Maximum Leverage1:1000 depending on the trading volume
🚀 Minimum Deposit2,000 NGN equivalent to $5
💵 Access to Promotions and Bonuses?Yes
🔁 Swap-Free OptionYes, by default
💰 Maximum Trade Size

200
💵 Maximum Volume Limit500
💸 Base Account CurrencyBTC, ETH, USDT, ADA, XRP, EUR, USD, ZAR
💻 Order ExecutionMarket
📲 Margin Call50%
🛑 Stop-out20%
📊 Limit and Stop LevelsYes
💵 Maximum Number of Open Positions150
💳 Maximum Number of Pending Positions50
⚖️ Is Negative Balance Protection Applied?Yes

 

Standard Account

👉 The standard account, as the name suggests, is the traditional account type that caters to most traders, regardless of their trading experience, styles, or objectives.

 

Account FeatureValue
📊 Contract Size10,000 Base Units of Currency
💰 Asset ClassesFX Majors, FX Minors, Exotics, CFD Indices, Metals, Energies, CFD Stocks, CFD Cryptos, Synthetic Cryptos, GTi12 Index, DeFi Tokens, NFTs
📈 Average Spread15 pips
💰 Commissions chargesNone
💸 Maximum Leverage1:1000 depending on the trading volume
🚀 Minimum Deposit2,000 NGN equivalent to $5
💵 Access to Promotions and Bonuses?Yes
🔁 Swap-Free OptionYes, by default
💰 Maximum Trade Size

100
💵 Maximum Volume Limit200
💸 Base Account CurrencyBTC, ETH, USDT, ADA, XRP, EUR, USD, ZAR
💻 Order ExecutionMarket
📲 Margin Call50%
🛑 Stop-out20%
📊 Limit and Stop LevelsYes
💵 Maximum Number of Open Positions100
💳 Maximum Number of Pending Positions100
⚖️ Is Negative Balance Protection Applied?Yes

 

Standard FX Account

👉 The Standard FX Account offers additional trading instruments to Nigerian traders in addition to the following features.

 

Account FeatureValue
📊 Contract Size100,000 Base Units of Currency
💰 Asset ClassesFX Majors, FX Minors, Exotics, CFD Indices, Metals, Energies, CFD Stocks, GTi12 Index
📈 Average Spread15 pips
💰 Commissions chargesNone
💸 Maximum Leverage1:1000 depending on the trading volume
🚀 Minimum Deposit2,000 NGN equivalent to $5
💵 Access to Promotions and Bonuses?Yes
🔁 Swap-Free OptionYes, by default
💰 Maximum Trade Size

100
💵 Maximum Volume Limit200
💸 Base Account CurrencyBTC, ETH, USDT, ADA, XRP, EUR, USD, ZAR
💻 Order ExecutionMarket
📲 Margin Call50%
🛑 Stop-out20%
📊 Limit and Stop LevelsYes
💵 Maximum Number of Open Positions100
💳 Maximum Number of Pending Positions100
⚖️ Is Negative Balance Protection Applied?Yes

 

ECN Account

👉 This is the flagship account for professional traders who need razor-thin spreads and the best overall execution speeds and access to additional benefits.

 

👉 Nigerian traders can open a practice account on any of Global GT’s live trading platforms. This will provide traders with a good indication of what they could anticipate from working with Global GT.

 

👉 Traders can trade financial products without risking real money by accessing actual market conditions and tools, as well as complete functionality. If Nigerian traders are just starting in the world of trading and need a secure place to practice, a demo account is just what they need.

 

👉 As a bonus for more experienced traders, they can utilize the trial account to test and fine-tune their trading techniques before putting their own money at risk in real markets.

 

Demo Account

Global GT Review Demo Account

👉 Nigerian traders can open a practice account on any of Global GT’s live trading platforms. This will provide traders with a good indication of what they could anticipate from working with Global GT.

 

👉 Traders can trade financial products without risking real money by accessing actual market conditions and tools, as well as complete functionality. If Nigerian traders are just starting in the world of trading and need a secure place to practice, a demo account is just what they need.

 

👉 As a bonus for more experienced traders, they can utilize the trial account to test and fine-tune their trading techniques before putting their own money at risk in real markets.

 

Islamic Account

👉 Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.

 

👉 This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.

 

👉 Because all active account types are currently Sharia-compliant, Global GT does not provide a specific Islamic account for Muslim traders.

Account Registration

Global GT Review Account Registration

👉 Account registration is easy and hassle-free, allowing Nigerians to register for an account and to start trading quickly. Nigerian traders can navigate to the official website for Global GT and select the option to register for the Client Portal.

 

👉 Once traders are registered on the Client Portal, they can select the option for the Live Account and complete the application by providing personal information, trading information, source of income, and other details.

 

👉 To finalize the application, traders must provide proof of their identity and residential address as part of the Anti-Money Laundering and KYC process. Once the documents have been verified against the information provided, the account will be approved, and traders can deposit the minimum amount to start trading.

Global GT Vs FXTM Vs Axi – Broker Comparison

Global GTFXTMAxi
⚖️ RegulationFSCA, FSACySEC, FSCA, FCA, FSC Mauritius

ASIC, FCA
📱 Trading Platform• MetaTrader 5• MetaTrader 4
• MetaTrader 5
• FXTM Trader
• MetaTrader 4
💰 Withdrawal FeeNoYesYes
📈 Demo AccountYesYesYes
📊 Min Deposit2,000 NGN10,000 NGN

0 NGN
💰 Leverage

1:10001:2000
1:30/1:400
💳 SpreadFrom 0.0 pips0.0 pips0.0 pips
✴️ Commissions$10From $0.4From $3.5
💳 Margin Call/Stop-Out80%/50%60%/40%, 80%/50%From 90%/50%
📊 Order ExecutionMarketMarket/InstantMarket
💰 No-Deposit BonusNoNoNone
💰 Cent AccountsYesNoNo
📊 Account Types• Cent Account
• Mini Account
• Standard Account
• Standard FX Account
• ECN Account
• Micro Account
• Advantage Account
• Advantage Plus Account
• Standard Account
• Pro Account
• Elite Account
⚖️ CBN RegulationNoNoNone
💵 NGN DepositsYesYesYes
💳 Nigerian Naira AccountNoYesNo
👥 Customer Service Hours24/7
24/5
24/5
🛍 Retail Investor Accounts533
☪️ Islamic AccountNoYesYes

Global GT Trading Platforms

Global GT Review Trading Platforms

👉 Global GT’s trading platform is the advanced MetaTrader 5 (MT5). It is a reputable trading platform that was created in 2010 by a Russian software business and is now utilized by millions of traders worldwide.

 

👉 Global GT’s trading platform is loaded with a variety of essential trading tools, including customizable trading systems, algorithmic trading tools, numerous charting and analyses, and one-click trading.

 

👉 It runs at some of the fastest speeds in the market, ensuring that trade instructions are executed with little to no latency. For individuals who need to place and manage trades on the fly, the broker makes the platform accessible in desktop, online, and mobile trading app versions.

 

Range of Markets

👉 Global GT offers a wide range of tradable financial instruments that can be traded across several financial markets, including:

➡️ Forex

➡️ Cryptocurrencies

➡️ Synthetic Cryptocurrencies

➡️ Precious Metals

➡️ Energies

➡️ Equity Indices

➡️ GTi12

➡️ Stocks

➡️ DeFi Tokens

➡️ NFTs

Global GT Broker Comparison for Range of Markets

Global GTFXTMAxi
💰ForexYesYesYes
🔨 Precious MetalsYesYesNo
💰 ETFsNoNoNo
📊 CFDsYesYesYes
📈 IndicesYesYesYes
💵 StocksYesYesYes
💳 CryptocurrencyYesNoYes
💰 OptionsNoNoNo
💸 BondsNoNoNo
🔋 EnergiesYesYesYes

Trading and Non-Trading Fees

Global GT Review Trading Fees

Spreads

👉 Average spreads are as follows:

➡️ Cent Account – 19 pips EUR/USD

➡️ Mini Account – 10 pips EUR/USD

➡️ Standard Account – 15 pips EUR/USD

➡️ Standard FX Account – 15 pips EUR/USD

➡️ ECN Account – 0.0 pips EUR/USD

 

Commissions

👉 Global GT provides commission-free trading on all trading accounts, except for the ECN Account, which charges a $10 cost. All other live trading accounts have spreads that have been increased to account for the broker’s charge for arranging the deal.

 

Overnight Fees, Rollovers, or Swaps

👉 The typical overnight fees for EUR/USD are as follows according to the trading accounts:

➡️ Cent Account – -2.75 Bid and -8.25 Ask

➡️ Mini Account – -2.25 Bid and -7.75 Ask

➡️ Standard Account – -1 Bid and -7 Ask

➡️ Standard FX Account – -1 Bid and -7 Ask

➡️ ECN Account – -0.9 Bid and -6.8 Ask

 

Other Fees

👉 After 90 days of inactivity, Global GT charges a $10 inactivity fee. After then, the price is $10 each month, or until the account balance reaches zero.

Deposits and Withdrawals

Global GT Review Deposits And Withdrawals

👉 Global GT offers the following deposit and withdrawal methods:

➡️ Debit Card

➡️ Credit Card

➡️ Cryptocurrencies

➡️ Sticpay

➡️ Neteller

➡️ Skrill

➡️ Online Naira

➡️ Perfect Money

➡️ Local Banks

➡️ Zotapay

➡️ Fasapay

➡️ Bank Wire Transfer

Global GT Education and Research

Global GT Review Education And Research

👉 Global GT offers the following Educational Materials:

➡️ Live Webinars

➡️ Interaction with analyst experts

➡️ Educational Portal

➡️ MT5 Tutorials

➡️ Live Trading Sessions

➡️ Real-time Trading Debates

➡️ Daily Financial News

 

👉 The Research and tools offered by Global GT include:

➡️ MQL5 Trading Signals

➡️ Trader Insights

➡️ Economic Calendar

➡️ Holiday Calendar

Bonuses and Promotions

Global GT Review Bonuses And Promotions

👉 Global GT offers the following bonuses and promotions:

➡️ A welcome bonus of up to 80% on their initial deposit up to a maximum of 250,000 NGN equivalent to $600.

➡️ A cashback of 30% on consecutive transfer-in amounts up to a maximum of 2,500,000 NGN or up to $6,000.

Verdict on Global GT

👉 Global GT is a South African-based regulated multi-asset brokerage organization. They provide users with access to over 500 financial markets through the powerful but simple-to-use MetaTrader 5 trading platform.

 

👉 The broker offers a variety of instructional materials and some handy trading tools, in addition to a 24-hour customer support staff. Global GT is a secure and reputable broker with a track record of trustworthiness and dependability.

 

👉 Global GT is heavily regulated by tier 1 organizations to protect the safety of Nigerian traders’ funds. Global GT’s primary shortcoming is the lack of instructional and market analytical content, although it does provide prompt customer assistance and an unlimited sample account.

Global GT Pros and Cons

✔️ Pros❌ Cons
Global GT is well-regulated and is considered a trustworthy trading brokerThere is an inactivity fee charged on dormant accounts
There is a wide range of instruments offered to Nigerian tradersThere is no Islamic Account option
There are local deposits and withdrawals offered to Nigerian tradersThere is only one trading platform offered
There is a low minimum deposit requirement
Traders have access to 24/7 support
There are tight spreads and competitive commissions
Traders have access to the powerful MetaTrader 5 platform across devices
There is a choice between several retail investor accounts

Frequently Asked Questions

 

Is Global GT a fake or scam broker?

Global GT is not a fake or scam broker as it adheres to regulation by the FSA in Seychelles and FSCA in South Africa.

 Does Global GT offer leverage and what is the maximum ratio offered?

Yes, Global GT offers leverage up to 1:1000 according to either the trading volume or the trader’s equity, depending on the account they use.

Does Global GT offer an Islamic Account?

Global GT does not have a designated Islamic Account.

Does Global GT offer a Demo Account?

Yes, Global GT has a demo account.

What account types does Global GT offer?

  • Cent Account
  • Mini Account
  • Standard Account
  • Standard FX Account
  • ECN Account
9.5/10 - (13 votes)

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