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🏦 Min. Deposit | USD 5 |
🛡️ Regulated By | FSCA, FSA-Seychelles |
💵 Trading Cost | USD 14 |
⚖️ Max. Leverage | 1000:1 |
💹 Copy Trading | Yes |
🖥️ Platforms | MT5 |
💱 Instruments | Forex, Cryptocurrencies, Metals, Energies, Stock CFDs |
Last Updated On August 20, 2024
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website, you agree to our Terms of Service.
Global GT is an international CFD broker regulated by the FSCA and the FSA Seychelles. An STP broker with a wide range of CFDs, Global GT offers market execution and ZAR trading accounts. But, unlike most brokers in South Africa, Global GT only provides support for the MT5 platform and not the industry-standard MT4. Global GT has a very low required minimum deposit of 5 USD on most account types, but its variable spreads are wider than its peers.
Because Global GT is a new broker, it provides little in the way of education and market analysis materials, making it a poor choice for beginner traders.
🏦 Min. Deposit | USD 5 |
🛡️ Regulated By | FSCA, FSA-Seychelles |
💵 Trading Cost | USD 14 |
⚖️ Max. Leverage | 1000:1 |
💹 Copy Trading | Yes |
🖥️ Platforms | MT5 |
💱 Instruments | Forex, Cryptocurrencies, Metals, Energies, Stock CFDs |
Founded in 2020, Global GT offers international multi-asset trading from its headquarters in South Africa. It is regulated by the Financial Sector Conduct Authority (FSCA) and the Seychelles Financial Services Authority (SFSA). Although Global GT operates internationally, it does not broker under the supervision of ESMA, and cannot provide financial services to European Union countries. See below for a list of registrations:
Due to the strict regulatory oversight required by these regulators, all client funds are held in segregated tier-1 bank accounts. It also offers negative balance protection, which means traders cannot lose more than they have in their trading account.
An STP, Global GT does not have a dealing desk and offers Market Execution for all trading pairs, meaning that orders are routed to its execution venues and returned to the client at the best available bid/ask prices. The average execution speed is 120 milliseconds. Although it does not charge a commission or withdrawal fees, a mark-up is applied to the variable raw spreads furnished by liquidity providers.
Global GT offers one standard account and an unlimited demo account, supported by the popular MT5 platform. Dynamic leverage is high on the accounts, up to 1000:1, while the minimum transaction level is 0.01 lots. Global GT only allows currencies to be denominated in USD, EUR, ZAR, BTC, ETH, and USDT.
Trading sessions run from Sunday 00.00 (GMT+3) until Friday 00.00 (GMT+3). It also offers Islamic Swap-Free accounts.
The standard account is a commission-free trading account with variable spreads and no minimum operating balance. Leverage is up to 1000:1, and trades are executed through the MT5 platform. There is no minimum deposit on the standard account, and Global GT allows hedging and scalping. Note that Global GT will charge an inactivity fee of 10 USD on accounts that are dormant for longer than 90 days.
The Global GT demo account does not expire, which is helpful for beginner traders. In demo-mode, one can view charts, news, and analysis, get access to the full-featured MT5 platform, experience real-time prices and real forex market volatility. While the demo account is not limited in time, it will automatically close after three months of inactivity.
Global GT’s variable spreads on major pairs average at 1.60 pips but can fall to 1.40 pips at times. Because Global GT does not charge a commission or withdrawal fees, a mark-up is applied to the variable raw spreads provided by execution venues.
Deposits and withdrawals are denominated in USD, EUR, ZAR, BTC, ETH, and USDT, but trading currencies are limited to EUR, USD, and ZAR. In line with the Anti-Money Laundering Directive, Global GT operates a “return to source” policy, meaning that withdrawals must be made via the same method and the same account as the original deposit.
Global GT does not charge deposit or withdrawal fees but charges an inactivity fee on dormant accounts. Withdrawals are processed within three hours on average. Deposits and withdrawals can be made via the following methods:
Global GT offers discretionary sign-up, deposit and loyalty bonuses for its clients. Get in touch with Global GT’s customer service to find out more.
Global GT does not offer anything in the way of educational materials for beginner traders. It also lacks up-to-date market analysis content, providing only basic trading information. On the other hand, its demo accounts do not expire, and the responsive customer service team is available 24/7 for all client account and technical questions.
As mentioned, Global GT has no educational content.
Global GT’s limited research and analysis section provides a ‘Trader’s Insights’ page, an economic calendar, and a blog with very few articles. Market analysis material is only available in English.
The responsive and helpful customer support team at Global GT is available 24/7 via live chat and email in English, but, as with all regulated brokers, it cannot offer investment advice.
For the purposes of this review, we found the Customer Support at Global GT to be responsive and polite.
Unlike other brokers in South Africa, Global GT only offers support for one trading platform – MT5. That being said, MT5 has all the necessary trading tools and resources on hand to allow traders to conduct research and analysis, enter and exit trades and even use third-party automated trading software.
MT5 is one of the most reliable and well-known trading platforms in the industry and is being adopted by more Forex brokers all the time. It offers 38 technical indicators, 44 analytical objects, 21 timeframes, and an unlimited number of charts. It has a more modern interface than its predecessor, MT4, and provides Depth of Market in addition to an economic calendar.
MT5 is available as a mobile and tablet download – on both Android and iOS, allowing traders to keep track of their open positions while on the move.
We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of how we review Global GT’s product offering. Central to that process is the evaluation of the broker’s reliability, the platform offering of the broker, and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.
Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. Global GT would like you to know that: Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. You may lose more than you invest. Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading.
Global GT is an FCSA and SFSA-regulated STP broker, with support for the MT5 platform but with limited account options. Its variable spreads are wider than its peers, but it offers commission-free trading on its account. It also does not charge withdrawal or deposit fees and does not have a minimum deposit for accounts denominated in ZAR (other than Bank Wire Transfer and Swiffy).
Global GT’s chief limitation is its educational and market analysis material, but it provides responsive customer support and has an unlimited demo account.
Chris joined the company in 2019 after ten years experience in research, editorial and design for political and financial publications. His background has given him a deep knowledge of international financial markets and the geopolitics that affects them. Chris has a keen eye for editing and a voracious appetite for financial and political current affairs. He ensures that our content across all sites meets the standards of quality and transparency that our readers expect.
Alison joined the team as a writer in 2021. She is the Senior Editor for FXScouts. She has a medical degree with a focus on physiotherapy and a bachelor’s in psychology. However, her interest in forex trading and her love for writing led her to switch careers. She has a passion for Forex trading and over a decade of editorial experience researching Forex and the financial services industry, producing high-quality content. She hosts a weekly podcast, “Let’s Talk Forex,” alongside her colleague, Chris, and has produced over 100 Forex educational videos for the FXScouts YouTube channel. She also writes weekly technical analyses and has tested and reviewed over 100 Forex brokers.
Ida joined our team as a financial writer in 2023. She has a degree in Digital Marketing and a background in content writing and SEO. In addition to her marketing and writing skills, Ida also has an interest in cryptocurrencies and blockchain networks. Her interest in crypto trading led to a wider fascination with Forex technical analysis and price movement. She continues to develop her skills and knowledge in Forex trading and keeps a close eye on which Forex brokers offer the best trading environments for new traders.
Find out how Global GT stacks up against other brokers.
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