
GT.IO | Review | CFD Trading Platform
GT.IO | Review | CFD Trading Platform Review
Our Review
GT.IO
Find all you need to know about GT.IO Trading Platform.
Topics
What is GT.IO?
Is GT.io safe or a scam?
Leverage
Accounts
Fees
Trading Instruments
Deposits and Withdrawals
Trading Platform
Customer Support
Education
Conclusion
What is GT.IO?
GT.IO is a broker that has recently stepped into the trading market and initiated its operations in 2020. It is associated with a well-known GT Group which is situated in South East Asia and works successfully with the brands FXGt and CryptoGT.
Pros |
Cons |
Have vast experience along with being a part of the GT group |
There is an unavailability of advanced education |
They are the 1st regulated hybrid brokers |
Traders ought to check if they would be able to trade with GT.IO because of the regulations |
Facilitate with MT5 trading platform and Web Trader with EAs |
Conditions might differ as per regulation and entity accordingly |
The minimum deposit is very low |
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Provides 24/7 customer support |
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A better range of trading instruments |
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Money transfers and trading of Cryptos and Fiats |
10 Points Summary
Headquarters |
South Africa |
Regulation and license |
FSCA, FSA |
Platforms |
MT5, WebTrader |
Instruments |
Forex pairs offered, Cryptocurrencies, Commodities offered, Stocks offered, Indices offered |
EUR/USD Spread |
1.6 pips |
Demo Account |
Available and Unlimited |
Minimum deposit |
$5 |
Base currencies |
4 CRYPTO & 3 FIAT: USD, EUR, BTC, ETH, XRP, USTD, ZAR |
Education |
No Advanced education, Trading Tools |
Customer Support |
24/7 |
Is GT.IO safe or a scam?
The very 1st thing to be concerned about while reviewing or deciding to trade with any broker is checking its authenticity and licenses along with the regulatory obligations. All those brokers which are properly regulated can be traded with and invest in as they are safe and secure, on the other hand, we would recommend you to be cautious and avid offshore brokers.
Pros |
Cons |
They are a regulated broker having a fine history of the operations of its group |
A lot of countries are not allowed to open up an account with them because of the restrictions and regulations |
FSCA license and overseeing |
An international proposal by an offshore entity |
Protect the negative balance |
Is GT.IO legit?
GT.IO, even being a newbie in the trading market, it has proved itself to be a legit broker as we can see its details on its official website which make it clear that its licensing and regulation is done by the FSCA in South Africa and registration by the Seychelles FSA.
How are you protected?
The investors’ money is kept all safe with GT.IO as it gives full protection to its clients’ investments by making sure that all necessary precautions are being taken and always keep a double check on its security measures. This is all done by providing the following facilities:
Segregated accounts
Tier 1 banks
Negative balance protection
Risk management
Capital and reserves
Security
Regulation
Leverage
The leverage provided by the GT.IO is quite high as compared to other brokers. However, one ought to always keep in mind before trading with any broker is that the high the leverage is, the bigger is the risk. So, about the leverage provided by GT.IO is 1:500.
Accounts
Right after opening of your account, you will be facilitated with the services like trading of money, managing it as well as transferring of money with all the relevant reports are provided to your personal account.
Pros |
Cons |
The accounts can be opened real quick |
No such cons found |
Provide two main types of accounts that are Standard Account and Practice Account |
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An individual can easily switch from his demo account to a live one |
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Availability of Swap-Free accounts |
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There is a wide range of account base currencies |
Account types
There is only one main account offered by GT.IO that is the standard account. However, to get started with them, they at first offer a demo account on trial basis. Moreover, they also offer different currencies to open you account with such as Cryptos which is considered as the base currency along with transferring of money with ease without application of any conversion fee which includes USD, EUR, BTC, ETH, XRP, USTD, ZAR.
Fees
In favor of trading fees by its only and single account which offers, GT.IO provides spread which can either be floating or based on variable spread in which this spread depends on the position of the market
Pros |
Cons |
The basis is just the spread |
They offer only spread accounts |
The spreads of accounts are quite low |
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The selection of trading accounts is quite distinctive |
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There are no hidden costs |
Our Find on Forex fees
Fees for Forex, CFD fees for commodities, indices as well as other different instruments are all kind of same. After reading about GT.IO ‘s spread, we got to know how competitive it is and along with that, it provides a better solution to the trading of a variety of instruments which includes stocks also. Similarly, the trading of stocks is offered with a spread and leverage of about 1:100 while the spread for UK100 stocks is at an average of three points.
Comparison between GT.IO fees and similar brokers
Asset/ Pair |
GT.io Fees |
EightCap Fees |
FP Markets Fees |
EUR USD |
1.6 pips |
0.8 |
0.7 pips |
Crude Oil WTI |
3 |
4 |
3 pips |
Gold |
0.30$ |
20 |
16 cents |
Inactivity fee |
Yes |
No |
Yes |
Deposit fee |
No |
No |
No |
Fee ranking |
Low |
Average |
Low |
Trading Instruments
GT.IO possesses a wide range of trading instruments in which they are offering includes 48 Forex pairs, 13 Cryptocurrencies, 5 Commodities, 53 Stocks, and 8 Indices. Gradually, over time, you will be able to see the position of these market instruments in terms of trading too. The only area where GT.IO lacks is they do not support future and options’ trading.
Deposits and Withdrawals
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.
Pros |
Cons |
Digital deposits and withdrawals can be done real quick |
The Skrill and Neteller payment services process payments are specially for GT IO Markets (Pty) Ltd |
There is no internal deposit fee or withdrawal fee |
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The minimum deposit of $5 is amazingly affordable |
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They have multiple Account Base Currencies which includes Cryptos also |
Deposit Options
GT.IO includes the following options for the payments
Credit Cards – Visa, Mastercard
Cryptocurrency – BTC, ETH, USDT, XRP
StickPay Wallet – e-money transfer service
Swiffy – Instant Bank Transfers
Skrill – e-money transfer service
Neteller – e-money transfer service
Bank Transfer
What is the Minimum deposit for GT.IO?
This is one of the best parts of GT.IO that with having only one account that is the standard account, an individual can easily open his account with as lowest as a $5 deposit. Now be it a beginner or an experienced trader, the minimum deposit is the same and even they have some other alternatives too which are USD 5 / EUR 5 / BTC 0.0001 / XRP 25 / ETH 0.05 / USTD 25.
Withdrawals
Just like the process of deposit, the way of withdrawing money is the same too. But it is highly recommended for an individual to check the conditions of customer service as well as the terms which are specified for your region and residency.
Withdraw Money Step By Step
It is quite easy for a trader to withdraw his money because all the management of money is done through the account online. Usually, it takes three hours and 1 to 2 business days for bank transferring and the process of withdrawals by GT.IO but it also lets you have some more time for other different processes and providers of payment.
Trading Platform
The most popular, reliable, and powerful trading platform is used by GT.IO is MT5.
Pros |
Cons |
Their actual stay is on MT5 and WebTrader |
No such cons found |
They have many tools in the package which includes hedging, scalping, and EAs too |
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Technical Indicators |
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The strategies are free of any restrictions |
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There is the availability of a variety of languages |
Web Trading Platform
Through the GT.IO website, a trader can have easy access to the web trader without even downloading or installing any software specifically for this purpose and by having only a modern web browser, an individual can easily use it on different devices or operating systems.
Desktop Platform
If a trader is more inclined towards having auto trading of strategies with the usage of some specific tools, he should go for the desktop platform as it possesses some outstanding properties in MetaTrader 5 which gives a boost to its capabilities along with Market Sentiment and additional tools.
Mobile Platform
In mobile trading platforms, the trader gets the facility of trading anywhere and everywhere through his mobile phone albeit, some features are lacking but still it works well with the basics
Customer Support
Another perk is the provision of customer support through phone, emails, and online chats, etc along with 24/7 assistance.
Pros |
Cons |
They provide 24/7 client support |
No such cons found |
Respond rapidly with relevant replies to the queries with Live Chat, International Phone Lines and email |
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A very well-known recognized customer care service |
Education
Since they are newly made brokers, they do not have a detailed section dedicated to education like an education center with videos, webinars, or seminars but they provide some amazing tools that are mentioned in the platform so that the trader will not miss any excellent capabilities.
Pros |
Cons |
The trading signals and research tools are free |
There is an unavailability of advanced education |
Trading ideas |
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Market Sentiment, Trading Insights |
Conclusion
Our review concludes that GT.IO seems to be a promising broker to invest in. They have a good regulation having quite less fee with a rapid client response service. Their customers also enjoy the facilities of MT5 trading platforms which lets them trade a better range of financial instruments to further attract new traders and satisfy the current ones.
GT.IO | Review | CFD Trading Platform
GT.IO | Review | CFD Trading Platform Licenses:
FSCA, FSA
Leverage:
Up to 1:500
Regulation:
FSCA, FSA
Min. Deposit:
5$
HQ:
South Africa
Platforms:
MT5, WebTrader
Found in
2020