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.
- Unfortunately, this broker has not made any phone numbers to customer support available on its website.
- Traders can also trade with the MetaTrader 5 web application from any of the devices.
- The spread on BTC/USD starts from 1.75 pips per lot while for ETH/USD, it is 0.08 pips per lot.
- It is quite easy for a trader to withdraw his money because all the management of money is done through the account online.
- Since deposits and withdrawal are completely free from the broker’s end, the non-trading fees are minimal at gt.io.
IG Markets South Africa FAQs
GT IO group accepts clients from all over the world, excluding USA, Canada, Iran, North Korea, Russia and most of the EEA countries.
What is the Minimum deposit for GT.IO?
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.
GT IO Markets South Africa – A quick look
Among them, 360 Degrees Markets Ltd, regulated by the FSA Seychelles, and GT IO Markets (Pty) Ltd, regulated by the South Africa FSCA. They are part of GT Group, which comprises CySEC-regulated investment firm and liquidity provider FintecGT. The payment processors we discovered for FXGT are gt io markets Cyprus-based Payabl and Unlimint. Overall, FXGT.com’s newly refreshed brand identity and enhanced website, along with its reputation for reliable and secure trading, make it a broker worth considering for traders of all experience levels. Its range of account options with unique features also makes it suitable for a variety of trading needs.
Trading Platforms
- 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.
- We empower investors, regulators, and journalists with investigative reports, whistleblower insights, and forensic financial analysis.
- They have a good regulation having quite less fee with a rapid client response service.
- For each deposit made they offer a 30% deposit bonus up to a maximum limit of $70,000 per account.
- GT.IO possesses a wide range of trading instruments in which they are offering includes 48 Forex pairs, 13 Cryptocurrencies, 5 Commodities, 53 Stocks, and 8 Indices.
- It is the first regulated broker in South Africa that allows traders to open an account with cryptocurrencies as the base currency.
Fortunately, based on our research into user reviews and industry ratings alike suggest that FXGT.com appears trustworthy from all angles. The company boasts top-tier security measures such as SSL encryption technology which ensures secure transactions while also being fully compliant with KYC (Know-Your-Customer) protocols. Additionally they have segregated accounts ensuring client funds are kept separate from operating capital.
We empower investors, regulators, and journalists with investigative reports, whistleblower insights, and forensic financial analysis. Gt.io offers the most widely used MetaTrader 5 trading application for Windows, macOS, iOS, and Android devices. Traders can also trade with the MetaTrader 5 web application from any of the devices. Apart from FSCA in South Africa and FSA in Seychelles, gt.io is not regulated by any other regulatory authority in any jurisdiction. It is a privately owned firm and it is not affiliated with any banking firm, nor is it listed on any stock exchange. Just like the process of deposit, the way of withdrawing money is the same too.
Gt.io was launched in 2020 and allows traders to trade with cryptocurrencies as base currency along with traditional fiat currencies. We compare their fees, safety, support & other features in comparison to other similar regulated brokers. FXGT.com is a forex and CFD trading platform that offers clients access to a wide range of financial instruments including forex, cryptocurrencies, commodities, stocks and indices.
At the time of the review, gt.io offered an 80% deposit bonus of up to 500$ on the first deposit and a 50% bonus on the second deposit of up to 5000$. The MetaTrader 5 is the most popular trading application that is offered by a large number of forex and CFD brokers in South Africa. But at gt.io, traders do not have an option to trade with MetaTrader 4, cTrader, or any other popular application. Gt.io can be considered safe for traders in South Africa as it is regulated by the top-tier regulatory authority based in the jurisdiction of South Africa. 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.
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.
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 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.