GT Markets Forex Broker

GT MarketsReview SummaryFounded2020-11-09Registered Country/RegionVanuatuRegulationSuspicious CloneMarket InstrumentsForex, Metals, Shares, Indices, Commodities, and Digital AssetsDemo Account❌Leverage1:400SpreadFrom 0.2 pipsTrading PlatformMT4 and MT5 (iOS and Android)Min Deposit$100Customer Support /GT Markets Information GT Markets is registered in Vanuatu. Vanuatu GT Markets is a platform that provides a variety of financial trading services. Its products cover foreign exchange, metals, stocks, indices, commodities, and digital assets. Its trading plans are divided into Basic (minimum deposit of $100), Premium (minimum deposit of $1000), and VIP (minimum deposit of $5000), each with different advantages. The platform offers MetaTrader 4 and MetaTrader 5 trading software. In addition, there are investment programs such as Introducing Broker (IB) and PAMM account. Traders have given positive reviews, stating that it is stable, reliable, and the deposit and withdrawal processes are fast.Pros and ConsPros Cons Various trading instrumentsSuspicious CloneMT4 and MT5 availableRisks of digital assetsPAMM account availableComplex fee structureIs GT Markets Legit? The operation of GT Markets appears to have a certain degree of transparency, as it provides clear details of its services and trading conditions. However, the Vanuatu Financial Services Commission (VFSC) regulates GT Markets, and it is accompanied by a Suspicious Clone status. Due to the lack of clear information about the regulatory authorities overseeing its operations, there remains a certain level of uncertainty regarding its full legitimacy. It is recommended that traders choose well-known brokers regulated by formal regulatory authorities, such as XM and IG.What Can I Trade on GT Markets? GT Markets offers the world's mainstream trading instruments: foreign exchange, precious metals such as gold and silver, contracts for difference (CFDs) of stocks of more than 100 global leading companies, major stock indices such as the S&P 500, opportunities to trade major commodities like crude oil, natural gas and agricultural products, as well as digital assets such as cryptocurrencies.Tradable Instruments Supported Forex✔Commodities✔Metals✔Indices✔CFD Shares✔Digital Assets✔ETFs❌Bonds❌Mutual Funds❌Account Type GT Markets offers three types of accounts with different trading conditions: the Basic account, the Premium account, and the VIP account. The VIP account is suitable for traders who pursue extremely low costs, the Premium account balances costs and services, and the Basic account is suitable for novice investors. In addition to this, GT Markets also provides PAMM accounts to meet the trading needs of different investors.Comparison DimensionBasic AccountPremium AccountVIP AccountMinimum Deposit$100$1000$5000Trading StrategyAll strategies allowedAll strategies allowedAll strategies allowedTrading PlatformMT4MT4/MT5MT4/MT5SpreadStarting from 1.4 pipsStarting from 0.3 pipsStarting from 0.2 pipsCommissionNone$6 (round-trip)$4.5 (round-trip)Leverage1:4001:4001:400Trading Products100+250+ (MT5)250+ (MT5)Additional Services-Free PAMM accountFree PAMM accountGT Markets Fees The fee structure of GT Markets varies depending on the account type: The Basic account adopts a floating spread (starting from 1.4 pips) with no additional commission; for the Premium account, the spread starts from 0.3 pips, and the round-trip commission is $6; the VIP account offers a raw spread (starting from 0.2 pips), with a round-trip commission of $4.5. The spreads may change with market fluctuations.Leverage Leverage varies depending on the asset class and account type. Overall, it can go up to 400:1 for Forex trading in some account types. For shares, the maximum leverage is 10:1, and for digital assets, it is up to 5:1.Trading Platform GT Markets offers MetaTrader 4 and MetaTrader 5. MetaTrader 4 is a widely popular platform due to its technical analysis tools, advanced charting functions, and support for Expert Advisors (EAs). MetaTrader 5 features faster execution speeds, a greater number of trading tools, and more powerful charting capabilities.Trading PlatformSupported Available Devices Suitable forMeta Trader 4✔-BeginnersMeta Trader 5✔-Experienced tradersDeposit and Withdrawal The minimum deposit for GT Markets is $100. However, the website does not provide detailed information about the available payment methods, processing times, and potential fees.