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Global GT Broker Review

We analyzed if Global GT broker could be classified as competent or not since South Africa isn’t nearly a Tier1 regulatory zone. The company may offer financial services globally because of their offshore entity, thus many people may be interested in this issue. Find out if your money is secure with the broker by reading our Global GT review.

Broker status: Offshore Regulated
Regulated by: FSCA and FSA Licenses
Blacklisted as a Scam by: No Info
Owned by: GT IO Markets (Pty) Ltd
Headquarters Country: South Africa
Foundation year: 2017
Supported Platforms: MT5
Minimum Deposit: $10
Cryptocurrencies: Yes – BTC, ETH, XRP
Types of Assets: FX, commodities, indices, shares, cryptocurrencies
Maximum Leverage: 1:1000
Free Demo Account: Yes
Accepts US clients: No

Global GT Regulations and Security Details

The South African company GT IO Markets (Pty) Ltd owns Global GT. The business is registered under FSCA Regulation 48896. Additionally, the same brokerage also maintains a 360 Degrees Markets Ltd. business in the Seychelles that is FSA-regulated.

But none of these regulations are legitimate, so we did a little further research to learn the real story about Global GT broker.

The broker cannot use your funds to pay their own obligations since the broker said that it did not fall within the regulatory authority of ESMA, which assures that your cash is held in segregated accounts. For Global GT operations, this raises a significant concern.

Fund Withdrawal Issues

Outside of South Africa, the broker is solely governed by Seychelles law, therefore there is little assurance that you will get your funds back if you are a victim of a scam.

You invest your money at your own risk because the FSA doesn’t require brokers to create any sort of compensation fund. As a result, when we learned about the withdrawal problems at GlobalGT.com, we were not shocked.

Reviews from customers indicate that the broker is difficult to profit from. You have a possibility to benefit after you make an investment. However, you run the danger of having your account suspended if you request a payment.

Traders About Global GT Broker

Despite this broker’s valiant efforts to portray itself as a respectable broker and post several fake reviews, if you truly pay attention, you may still spot certain patterns. Trustpilot reports that the only complaint from customers is that their withdrawals take too long or are not feasible. The broker then responds with anything regarding the bonus terms that clients approved without their knowledge.

Illegal brokers frequently use this trick: they’ll give you a bonus without disclosing that it will prevent withdrawals for a while. After some time has passed and you have given up attempting to figure out what to do to get your funds back, you will be too busy to continue. And that’s precisely what Global GT hopes for.

So, please, avoid GlobalGT.com forex broker and similar brokers.

Are you having trouble successfully requesting a withdrawal from your broker? Tell us about it and add a comment.[/vc_column_text][/vc_column][/vc_row]