GT IO group accepts clients from all over the world, excluding USA, Canada, Iran, North Korea, Russia and most of the EEA countries.
Fortunately, based on our research into user reviews and industry ratings alike suggest that FXGT.com appears trustworthy from all angles. The company boasts top-tier security measures such as SSL encryption technology which ensures secure transactions while also being fully compliant with KYC (Know-Your-Customer) protocols. Additionally they have segregated accounts ensuring client funds are kept separate from operating capital.
IG Markets South Africa FAQs
- As an industry player, it is essential for FXGT.com to operate within the confines of regulatory compliance to ensure a secure and trustworthy environment for its clients.
- By opening the cryptocurrency-based account, traders can also speculate the price movements of BTC, ETH, and USDT along with the outcomes on forex and CFD trades.
- Non Trading FeesThese are the fees that are incurred without executing trades.
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. 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. For each deposit made they offer a 30% deposit bonus up to a maximum limit of $70,000 per account. These bonus offerings are quite lucrative and much better than the majority of the forex brokers in South Africa.
Our Find on Forex fees
- The only area where GT.IO lacks is they do not support future and options’ trading.
- One crucial aspect of any reputable brokerage firm is its reliability as an intermediary between traders and market makers.
- 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 have comprehensively compared every component of fees at gt.io for South African traders.
- Established in 2019, the company aims to provide a seamless trading experience for all users through its state-of-the-art technology, competitive spreads, and swift execution times.
By opening the cryptocurrency-based account, traders can also speculate the price movements of BTC, ETH, and USDT along with the outcomes on forex and CFD trades. The broker can be considered safe for South African traders but we found the spreads to be slightly higher than some other forex brokers in South Africa. The spreads are gt io markets slightly higher for currency pairs but are impressive for trading CFDs on cryptocurrency crosses. They also offer ZAR based account which can be a major advantage for South African traders. The number of trading instruments is decent while bonus offerings are very attractive.
GT.IO Review CFD Trading Platform Review
We empower investors, regulators, and journalists with investigative reports, whistleblower insights, and forensic financial analysis. Gt.io offers the most widely used MetaTrader 5 trading application for Windows, macOS, iOS, and Android devices. Traders can also trade with the MetaTrader 5 web application from any of the devices. Apart from FSCA in South Africa and FSA in Seychelles, gt.io is not regulated by any other regulatory authority in any jurisdiction. It is a privately owned firm and it is not affiliated with any banking firm, nor is it listed on any stock exchange. Just like the process of deposit, the way of withdrawing money is the same too.
Trading and Investment Tools
Gt.io was launched in 2020 and allows traders to trade with cryptocurrencies as base currency along with traditional fiat currencies. We compare their fees, safety, support & other features in comparison to other similar regulated brokers. FXGT.com is a forex and CFD trading platform that offers clients access to a wide range of financial instruments including forex, cryptocurrencies, commodities, stocks and indices.
Although gt.io is a newly launched broker but it can be considered safe for South African traders due to top tier FSCA regulatory license in South Africa. FXGT.com’s website is designed with a clean and modern aesthetic, which makes navigation relatively straightforward. The layout is intuitive, with clearly labeled tabs and sections that allow users to find what they’re looking for with ease.
GT IO review and ratings
Trading FeesNo commission is charged for executing trade orders as the only trading fees incurred to traders is the spread. Gt.io charges floating spread across all the available trading instruments starting from 1.4 pips per lot. There are several easy peasy ways to deposit your funds in your live trading account along with the facility of no processing fees additionally. In addition to that, it has one more characteristic that since it is the 1st Hybrid regulated Forex Broker, it lets its clients enjoy trade, withdrawals, and deposits in both Fiat and Crypto. Yes, gt.io is regulated by the FSCA in South Africa and offers a wide range of trading instruments and a ZAR base currency account to South Africans, which makes them a reliable broker. The spreads on the cryptocurrency pairs were found to be much lesser than many of the regulated brokers in South Africa.
gt.io Accounts
The Cyprus-based ISPASS Technologies Ltd facilitates payments and provides software, IT, and support services. Overall, FXGT.com’s adherence to regulatory compliance and its robust measures for maintaining client fund security demonstrate its commitment to providing a secure and reliable trading environment. Clients can feel confident in utilizing the platform, knowing that their investments are well-protected under the watchful eye of the FSA and the company’s own stringent policies. As an industry player, it is essential for FXGT.com to operate within the confines of regulatory compliance to ensure a secure and trustworthy environment for its clients. When evaluating the regulatory landscape of an online broker like FXGT.com, it is crucial to understand its registered jurisdiction and the applicable regulatory authorities overseeing its operations. FXGT.com’s recent brand refresh demonstrates its commitment to revolutionizing the trader experience, with a focus on meeting the changing needs of customers.
The broker uses segregated bank accounts for client’s funds and funds of its own. It also offers negative balance protection for South African traders which means that any negative balance will be automatically zeroed out upon closure of all the orders. To further bolster its reputation as a credible online broker, FXGT.com has implemented various measures to ensure the safety of client funds.
By offering a variety of account options catering to different trading needs, exclusive promos, and an enhanced MT5 trading toolkit, FXGT.com aims to cater to all types of traders – regardless of their style or trading strategy. They are a recently launched broker hence the promotional offers are attractive. It cannot be said until when these offerings will end but deposit bonuses are much better than other regulated competitors in South Africa. Gt.io is fairly attractive in terms of bonus offerings as they offer a welcome bonus as well as a deposit bonus on each successful deposit.
Leave a Reply