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Global GT Review

Global GT is considered secure and can be summarised as dependable and well-grounded. Global GT is regulated by the elite FSCA and the FSA. Global GT is currently one of the most prestigious platforms, ranked with an overall trust score of 95% out of 100. GT Global is currently not regulated by the CMA of Kenya

Updated : September 8, 2022

Jump to:

Regulation and Safety of Funds

Account Types and Features

Account Registration

Range of Markets

Fees

Deposits and Withdrawals

Education and Research

Affiliate Program

Final Verdict

Pros and Cons

FAQ

Overall Rating

Min Deposit

USD 300 / 34680 KES

Regulators

FSCA 

Trading Desk

MetaTrader 5

Crypto

Yes

Total Pairs

60

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

Global GT Overview

Global GT Review Overview

👉 Global GT is the first hybrid broker to offer NFTs, DeFi Tokens, and several other modern trading instruments alongside the powerful MetaTrader 5. Global GT is a well-regulated and reputable CFD and forex broker for Kenyan traders.

 

👉 Global GT, a South African-based online brokerage, can give traders access to more than 500 financial products across a wide range of asset classes. According to the official Global GT website, the brokerage was founded to “revolutionize” the trading experience.

 

👉 It is rare to encounter a broker that specializes in both Forex and Cryptocurrency trading to the extent that Global GT offers. There are five main sorts of accounts available at Global GT, each with its own set of trading instruments.

 

👉 This Global GT review will provide traders with the details that they need to consider whether the broker is suited to their unique trading objectives and needs.

 

Distribution of Traders

Global GT Review Distribution of Traders

👉 The distribution of traders with 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

Global GT Review Popularity

🥇 Because Global GT is based in South Africa and is regulated by the FSCA and FSA in Seychelles, it is part of the Top 20 brokers recommended for Kenyan traders.

Global GT At a Glance

🏛 HeadquarteredSouth Africa
🏙 Kenyan Based OfficeNo
✅ Accepts Kenyan Traders?Yes
🗓 Year Founded2020
📞 Kenyan Office Contact NumberNone
🤳 Social Media Platforms• Twitter
• Facebook
• Instagram
• Telegram
• YouTube
⚖️ RegulationFSCA, FSA
🪪 License Number• South Africa – FSP 48896
• Seychelles – SD019
⚖️ CMA RegulationNone
🚫 Regional RestrictionsUnited States, Russia, Canada, Iran, and North Korea
☪️ Islamic AccountNo
💻 Demo AccountYes
🛍 Retail Investor Accounts5
📊 PAMM AccountsNone
🤝 Liquidity ProvidersUnknown
💸 Affiliate ProgramYes
📲 Order ExecutionMarket
📊 Average spreadFrom 0.0 pips
📞 Margin Call80%
🛑 Stop-Out50%
Crypto trading offered?0.01 lots
💰 Offers a Kenyan shilling Account?500 lots
👨‍💻 Dedicated Kenyan Account Manager?Yes
📊 Maximum Leverage1:1000
🚫 Leverage Restrictions for Kenya?No
💰 Minimum Deposit (KES)570 Kenyan shilling or equivalent to $5
✅ Kenyan shilling Deposits Allowed?Yes
📊 Active Kenyan Trader Stats70,000+
👥 Active Kenyan-based Global GT customersUnknown
💳 Kenya Daily Forex Turnover$100 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 Kenyan Banks?No
📊 Trading PlatformsMetaTrader 5
✔️ Tradable Assets• Forex
• Cryptocurrencies
• Synthetic • Cryptocurrencies
• Precious Metals
• Energies
• Equity Indices
• GTi12
• Stocks
• DeFi Tokens
• NFTs
💸 Offers USD/KES currency pair?No
📈 USD/KES Average SpreadN/A
📉 Offers Kenyan Stocks and CFDsNone
🗣 Languages supported on WebsiteEnglish, Arabic
📞 Customer Support LanguagesMultilingual
⏰ Customer Service Hours24/7
👥 Kenyan-based customer support?No
✅ Bonuses and Promotions for KenyansYes
📚 Education for Kenyan beginnersYes
📱 Proprietary trading softwareNo
💰 Most Successful Kenyan TraderPatrick Mahinge (Net Worth – Private)
✅ Is Global GT a safe broker for Kenyans?Yes
📊 Rating for Global GTKenya8/10
🤝 Trust score for Global GT Kenya95%
👉 Open an account👉 Open Account

Regulation and Safety of Funds

Global GT Review Regulation And Safety

👉 Global GT is not regulated by the Capital Markets Authority in Kenya (CMA), but the broker is well-regulated by the FSCA and FSA in Seychelles under these business names:

➡️ South Africa – Global GT is registered and regulated as GT IO Markets (Pty) Ltd through the Financial Sector Conduct Authority (FSCA) as a Financial Service Provider (FSP48896).

➡️ Seychelles – Global GT operates through 360 Degrees Ltd which holds a Securities Dealer’s License under number SD019. In addition, the company is incorporated and registered in Seychelles under 8421720-1.

 

👉 To safeguard investors, Global GT provides market coverage to cover any potential liabilities from traders. Third parties are also protected from financial damage in the event of mistakes, omissions, or other dangers.

 

👉 Every single client’s money is separated from the company’s operating cash and held in an entirely different account. Financial responsibilities are not met with the money in this account. Customers’ private information is safeguarded using the most advanced encryption technologies.

Account Types and Features

Global GT Review Account Types

👉 When investing with Global GT, consumers in Kenya may choose from a range of account types and sizes to best meet their investment objectives and asset classes of choice.

 

👉 As well as the following live trading accounts, Global GT is well-known for providing low spreads, dynamic leverage, and a diverse selection of deposit and withdrawal methods. The live trading accounts offered to Kenyan traders are:

➡️ Cent Account

➡️ Mini Account

➡️ Standard Account

➡️ Standard FX Account

➡️ ECN Account

 

Live Trading Accounts

Cent Account

Global GT Review Cent Account

👉 Beginner Kenyan traders will like this account since it allows them to experience real-time market conditions without taking on the major dangers associated with more traditional forms of trading. With the Cent Account, skilled traders may use the real-time market to test their trading methods before putting them into action.

 

Account FeatureValue
📑 Contract Size1,000 Base Units of Currency
🔖 Asset ClassesForex Major and Minor Pairs
📊 Average Spread19 pips
💰 Commissions chargedNone
💸 Maximum Leverage1:1000 depending on the trading volume
📈 Minimum Deposit570 KES or an equivalent to $5
💵 Access to Promotions and Bonuses?Yes
🔁 Swap-Free OptionYes, by default
📱 Maximum Trade Size500
💵 Maximum Volume Limit400
💰 Base Account CurrencyUSD or EUR
📲 Order ExecutionMarket
📞 Margin Call50%
🛑 Stop-out20%
📊 Limit and Stop LevelsYes
5️⃣ Maximum Number of Open Positions150
📈 Maximum Number of Pending Positions50
✔️ Is Negative Balance Protection Applied?Yes

 

Mini Account

Global GT Review Mini Account

👉 When Kenyan traders use this account, trades can be placed using bigger positions with tighter spreads and a wider selection 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 chargedNone
💸 Maximum Leverage1:1000 depending on the trading volume
📈 Minimum Deposit570 KES or an equivalent to $5
💵 Access to Promotions and Bonuses?Yes
🔁 Swap-Free OptionYes, by default
📱 Maximum Trade Size200
💵 Maximum Volume Limit500
💰 Base Account CurrencyBTC, ETH, USDT, ADA, XRP, EUR, USD, ZAR
📲 Order ExecutionMarket
📞 Margin Call50%
🛑 Stop-out20%
📊 Limit and Stop LevelsYes
5️⃣ Maximum Number of Open Positions150
📈 Maximum Number of Pending Positions50
✔️ Is Negative Balance Protection Applied?Yes

 

Standard Account

Global GT Review Standard Account

👉 The standard account, as the name implies, is a typical account type that caters to many Kenyan traders, regardless of their trading experience, trading styles, or trading ambitions. Standard accounts are available in a variety of sizes and currencies.

Account FeatureValue
📑 Contract Size100,000 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 chargedNone
💸 Maximum Leverage1:1000 depending on the trading volume
📈 Minimum Deposit570 KES or an equivalent to $5
💵 Access to Promotions and Bonuses?Yes
🔁 Swap-Free OptionYes, by default
📱 Maximum Trade Size100
💵 Maximum Volume Limit200
💰 Base Account CurrencyBTC, ETH, USDT, ADA, XRP, EUR, USD, ZAR
📲 Order ExecutionMarket
📞 Margin Call50%
🛑 Stop-out20%
📊 Limit and Stop LevelsYes
5️⃣ Maximum Number of Open Positions100
📈 Maximum Number of Pending Positions100
✔️ Is Negative Balance Protection Applied?Yes

Standard FX Account

Global GT Review Standard FX Account

👉 In addition to the capabilities listed below, the Standard FX Account provides Kenyan traders with access to additional trading products.

 

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 chargedNone
💸 Maximum Leverage1:1000 depending on trader’s equity
📈 Minimum Deposit570 KES or an equivalent to $5
💵 Access to Promotions and Bonuses?Yes
🔁 Swap-Free OptionYes, by default
📱 Maximum Trade Size100
💵 Maximum Volume Limit200
💰 Base Account CurrencyBTC, ETH, USDT, ADA, XRP, EUR, USD, ZAR
📲 Order ExecutionMarket
📞 Margin Call50%
🛑 Stop-out20%
📊 Limit and Stop LevelsYes
5️⃣ Maximum Number of Open Positions100
📈 Maximum Number of Pending Positions100
✔️ Is Negative Balance Protection Applied?Yes

 

ECN Account

Global GT Review ECN Account

👉 For expert traders who want razor-thin spreads, the fastest overall execution speeds, and access to extra advantages, this is the account to choose.

 

Account FeatureValue
📑 Contract Size100,000 Base Units of Currency
🔖 Asset ClassesFX Majors, FX Minors, Exotics, CFD Indices, Metals, Energies, CFD Stocks, GTi12 Index
📊 Average Spread0.0 pips
💰 Commissions charged$10
💸 Maximum Leverage1:1000 depending on trader’s equity
📈 Minimum Deposit570 KES or an equivalent to $5
💵 Access to Promotions and Bonuses?11,400 KES or an equivalent to $100
🔁 Swap-Free OptionYes, by default
📱 Maximum Trade Size200
💵 Maximum Volume Limit200
💰 Base Account CurrencyBTC, ETH, USDT, ADA, XRP, EUR, USD, ZAR
📲 Order ExecutionMarket
📞 Margin Call70%
🛑 Stop-out40%
📊 Limit and Stop LevelsYes
5️⃣ Maximum Number of Open Positions100
📈 Maximum Number of Pending Positions100
✔️ Is Negative Balance Protection Applied?No

 

Demo Account

Global GT Review Demo Account

👉 Global GT’s live trading platforms are available to Kenyan traders, who can open a practice account on any of the platforms. This will offer traders a solid indicator of what they can expect from their collaboration with Global GT in the future.

 

👉 Financial products can be traded without putting real money at risk since traders have access to current market circumstances and tools, as well as the full range of functionality. If Kenyan traders are just getting their feet wet in the world of trading and want a safe environment in which to experiment, a demo account is just what they require.

 

👉 As an added advantage, more experienced traders can use the trial account to test and fine-tune their trading tactics before putting their actual money at risk in real-time trading environments.

 

Islamic Account

Global GT Review 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.

 

👉 Given that all Global GT’s active account types are already Sharia-compliant, the broker does not provide a separate Islamic trading account for Muslim traders.

Account Registration

Global GT Review Account Registration

👉 Account registration is simple and hassle-free, enabling Kenyans to open an account and begin trading as soon as possible. Kenyans can register for the Global GT Client Portal by visiting the company’s official website and selecting the option to register for the Client Portal.

 

👉 Once traders have registered on the Client Portal, they can choose the option for a Live Account and complete the application by giving personal information, trading information, a source of income, and other pertinent information, as well as other information.

 

👉 As part of the Anti-Money Laundering and Know Your Customer (KYC) procedure, Kenyan traders must show documentation of their identity and home address to complete the application. Once the papers and information given have been confirmed, the account will be authorized, and traders will be able to deposit the minimum amount to begin trading.

 

How to Register Your Account

👉 Step 1 – Go to the Official Global GT Website 

➡️ Once you are on the Global GT website, click on “Register Now”.

Global GT Review How to Register Your Account Step 1

 

👉 Step 2 – Fill Out Your Details 

➡️ Fill out your personal details such as your name, email address, country of residence, and create a password for your account. 

Global GT Review How to Register Your Account Step 2

 

👉 Step 3 – Verify Your Account

➡️ Verify your account. You are all set and ready to trade!

Global GT Review How to Register Your Account Step 3

Global GT Vs RoboForex Vs SuperForex – Broker Comparison

Global GTRoboForexSuperForex
⚖️ RegulationFSCA, FSAIFSCNone
📱 Trading PlatformMetaTrader 5• MetaTrader 5
• MetaTrader 5
cTrader
• R StocksTrader
RoboForex Terminal
• CopyFX App
• MetaTrader 4
SuperForex App
💰 Withdrawal FeeNoYesYes
📊 Demo AccountYesYesYes
📈 Minimum Deposit550 KES



1,100 KES100 KES
📈 Leverage1:10001:20001:2000
📊 SpreadFrom 0.0 pips0.0 pipsFrom 0.0 pips
💰 Commissions$10$3 to $4From 0.013%

✴️ Margin Call/Stop-Out80%/50%Stop-out 100% to 10%30%/40%

✴️ Order ExecutionMarket

MarketMarket, Instant
💳 No-Deposit BonusNoYesYes
📊 Cent AccountsYesNoYes
📈 Account Types• Cent Account
• Mini Account
• Standard Account
• Standard FX Account
• ECN Account
• RoboForex Prime Account
• RoboForex ECN Account
• RoboForex R StocksTrader Account
• RoboForex ProCent Account
• RoboForex Pro Account
• Standard Account
• Swap-Free Account
• No Spread Account
• Micro Cent Account
• Profi STP Account
• Crypto Account
• ECN Standard Account
• ECN Standard Mini Account
• ECN Swap-Free Account
• ECN Swap-Free Mini Account
• ECN Crypto Account
⚖️ CMA RegulationNoNoNo
💳 KES DepositsYesYesYes
📊 Kenyan shilling AccountNoNoYes
👥 Customer Service Hours24/724/724/5
📊 Retail Investor Accounts5511
☪️ Islamic AccountNoYesYes
💰 Minimum Trade Size0.01 lots0.01 lots0.01 lots
💵 Maximum Trade Size500 lots

10,000 (Cent)None

Trading Platforms

Global GT Review Trading Platforms

👉 MetaTrader 5 (MT5) is the trading platform that is provided by Global GT across mobile, internet browsers, desktop computers and laptops. Millions of traders from all over the world rely on it since it is a dependable trading platform that was launched in 2010 by a Russian software business and is widely utilized.

 

👉 Flexible trading systems, algorithmic trading tools, numerous charting and analyses, and one-click trading are just a few of the trading instruments available on the Global GT MetaTrader 5 platform, which is always being updated.

 

👉 In addition, it functions at lightning-fast speeds, guaranteeing that there is little to no latency while trading instructions are executed. For customers who need to place and manage trades while on the move, the broker makes the platform accessible in desktop, online, and mobile trading app versions, according to the broker.

 

Range of Markets

Global GT Review Range of Markets

👉 Kenyan traders can choose from the following range of markets:

➡️ Forex

➡️ Cryptocurrencies

➡️ Synthetic Cryptocurrencies

➡️ Precious Metals

➡️ Energies

➡️ Equity Indices

➡️ GTi12

➡️ Stocks

➡️ DeFi Tokens

➡️ NFTs

Broker Comparison for Range of Markets

Global GTRoboForexSuperForex
➡️️​ ForexYesYesYes
➡️️​ Precious MetalsYesNoYes
➡️️​ ETFsNoNoYes
➡️️​ CFDsYesYesYes
➡️️​ IndicesYesYesYes
➡️️​ StocksYesYesYes
➡️️​ CryptocurrencyYesYesYes
➡️️​ OptionsNoNoNo
➡️️​ EnergiesYesNoYes
➡️️​ BondsNoNoNo

Overall Rating

Min Deposit

USD 300 / 34680 KES

Regulators

FSCA 

Trading Desk

MetaTrader 5

Crypto

Yes

Total Pairs

60

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

Trading and Non-Trading Fees

Spreads

Global GT Review Spreads

👉 Global GT’s spreads will be different for each kind of account and financial instrument. Traders who employ variable spreads should be prepared for fluctuations in spreads based on these and other market circumstances during the trading day.

 

👉 The average spread that Kenyan traders can expect is:

➡️ 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 Review Commissions

👉 Global GT charges a set fee for the service of facilitating transactions, which is referred to as a commission. The commissions that Kenyan traders can expect are as follows:

➡️ ECN Account – from $10

 

Overnight Fees, Rollovers, or Swaps

Global GT Review Overnight Fees

👉 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

Global GT Review Other Fees

👉 Global GT levies a $10 inactivity fee after 90 days of inactivity. It will cost $10 each month until the account balance hits zero, at which point it will be free.

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

How to Deposit Funds with Global GT

👉 To deposit funds, Kenyan traders can follow these steps:

➡️ Log into the Secure Area on the website and select the highlighted “Deposit” option from the interface

➡️ Select a preferred deposit method

➡️ Select the currency to be used and complete the required fields

➡️ Complete any additional steps required by the payment provider

How to Withdraw Funds with Global GT

👉 To withdraw funds, Kenyan traders must first ensure that the trading account and account profile has been verified alongside the withdrawal method they wish to use.

➡️ Traders can select the withdrawal option once they have logged into their Secure Area

➡️ Traders can enter the amount that they want to withdraw

➡️ Traders can select the e-wallet where they want to withdraw from and complete any required fields to process the withdrawal

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

 

👉 Global GT offers Kenyan traders the following Research and Trading Tools:

➡️ MQL5 Trading Signals

➡️ Trader Insights

➡️ Economic Calendar

➡️ Holiday Calendar

Bonuses and Promotions

Global GT Review Bonuses And Promotions

👉 Global GT offers Kenyan traders the following bonuses and promotions:

➡️ A welcome bonus of up to 80% on their initial deposit up to a maximum of 68,000 KES equivalent to $600.

➡️ A cashback of 30% on consecutive transfer-in amounts up to a maximum of 680,000 KES or up to $6,000.

Global GT Affiliate Program

Global GT Review Affiliate Program

👉 AvaTrade has more than 70,000 affiliates worldwide in over 150 countries. The affiliate program offered by AvaTrade has several benefits including some of the following:

➡️️​ More than $250,000,000 in commissions that have been paid

➡️️​ Well-regulated and secure trading environment

➡️️​ Customizable deals as well as flexible commission structures

➡️️​ Innovative and robust marketing strategies

➡️️​ Fast and reliable payouts

➡️️​ Innovative technology that offers transparency

➡️️​ Multilingual trading platforms

👉 Partners can choose between becoming an introducing broker, flexible white-label, tied agent, business partner, online affiliate manager, and the trading academy.

Verdict on Global GT

👉 Global GT is one of Africa’s greatest brokers, and one of the best to come out of the continent. With a large range of assets to select from, the broker is ideal for traders who like to customize their trading experience.

 

👉 On-call support staff is available around the clock to provide traders with educational materials and beneficial trading tools. Regulated by tier 1 companies, Global GT ensures that Kenyan traders’ money is always safe and secure.

 

👉 Additionally, the broker provides a wide range of educational resources and useful trading tools. Global GT is a respected and safe broker with a long history of reliability and integrity.

Global GT Pros and Cons

✔️ Pros❌ Cons
Global GT is well-regulated and offers client protectionThere is an inactivity fee that is applied to dormant accounts after three months of inactivity
There is an ultra-low minimum deposit requirementThere is only one trading platform
There is a wide range of instruments that can be tradedThere is no KES-denominated account
Global GT’s accounts are already Sharia-compliant
The trading fees are much lower than competitors
Traders can expect tight spreads and commission-free trading options
There is 24/7 support offered to all traders
There is a choice between flexible deposit and withdrawal methods

Frequently Asked Questions

Is Global GT a fake or scam?

No, Global GT is not a fake or scam broker. It adheres to regulation as set out by the FSA in Seychelles and FSCA in South Africa.

Which trading platforms are supported by Global GT?

Global GT supports the use of MetaTrader 5.

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

Yes, Global GT offers maximum leverage up to 1:1000 per the trading volume of the trader or their equity balance.

What is the overall rating for Global GT out of 10?

The overall rating is 8/10.

Is Global GT suitable for beginner and professional traders?

Yes, Global GT is an ideal broker that can be used by beginner and professional traders.

9/10 - (2 votes)