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
Provides 24/7 customer support
A better range of trading instruments
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
An individual can easily switch from his demo account to a live one
Availability of Swap-Free accounts
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
The selection of trading accounts is quite distinctive
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
The minimum deposit of $5 is amazingly affordable
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
Technical Indicators
The strategies are free of any restrictions
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
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
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.