GT Markets Spreads, leverage, minimum deposit Revealed

Aspect	Information
Registered Country/Area	Vanuatu
Company Name	GT Markets Broker
Regulation	Suspected Vanuatu VFSC with license number 14801 (Caution advised)
Minimum Deposit	MT4 Account: 100 EUR/USD, MT5 Account: 1,000 EUR/USD
Maximum Leverage	Up to 1:400
Spreads	Variable, depending on account type and market conditions
Trading Platforms	FIX API, MT4 (MetaTrader 4), MT5 (MetaTrader 5)
Tradable Assets	Forex, Stocks, Spot Metals, Index CFDs, Energy
Account Types	MT4 Account, MT5 Account
Customer Support	Email support@gt-markets.com, sales@gt-markets.com
Payment Methods	Bank Wire (SEPA and SWIFT), GTBank, Bitcoin, Green Bit, Ethereum, Ripple, Fasapay
Educational Tools	Not provided

Overview

　　GT Markets Broker is based in Vanuatu and operates with the company name “GT Markets Broker.” However, it's important to note that their regulatory status is under suspicion, as their claimed Vanuatu VFSC regulation with license number 14801 is subject to caution. The broker offers two account types, the MT4 Account with a minimum deposit of 100 EUR/USD and the MT5 Account with a higher minimum deposit requirement of 1,000 EUR/USD. Traders can access leverage of up to 1:400, and the spreads are variable, dependent on the chosen account type and market conditions. GT Markets provides access to multiple trading platforms, including FIX API, MT4, and MT5, and offers a range of tradable assets, including Forex, stocks, spot metals, index CFDs, and energy products. While the broker does not offer educational tools, it provides customer support through email channels at support@gt-markets.com and sales@gt-markets.com. Traders can make deposits and withdrawals through various payment methods, including bank wire transfers, GTBank, cryptocurrencies like Bitcoin and Ethereum, Ripple, and Fasapay. Due to regulatory concerns, traders should approach GT Markets with caution and conduct thorough research before engaging with the broker.

Regulation

　　Please remain vigilant when dealing with GT Markets, as there are suspicions that their claimed Vanuatu VFSC regulation with license number 14801 may be a potentially unauthorized or clone license. It's important to note that the Vanuatu VFSC regulation associated with license number 14801 is classified as an offshore regulation, which comes with inherent risks.

Pros and Cons

Pros	Cons
1. Diverse Trading Instruments	1. Regulatory Concerns
2. Competitive Leverage	2. Lack of Educational Resources
3. Multiple Account Types	3. Variable Spreads and Commissions
4. Deposit and Withdrawal Options	4. Limited Customer Support Information
5. Access to FIX API

　　In summary, GT Markets offers a wide range of trading instruments and competitive leverage, making it appealing to traders. However, concerns regarding its regulatory status, the absence of educational resources, and potential variations in trading costs and customer support quality should be considered when evaluating this broker. Traders are advised to conduct thorough research and exercise caution when dealing with GT Markets.

Market Instruments

　　GT Markets offers a variety of trading instruments to cater to different investment preferences and strategies. Here's a brief description of the trading instruments available through GT Markets:

1. 　　Forex (Foreign Exchange):

2. 　　Stocks:

3. 　　Spot Metals:

4. 　　Index CFDs (Contracts for Difference):

5. 　　Energy:

Account Types

　　GT Markets offers two types of trading accounts: the MT4 Account and the MT5 Account. Here's a description of each account type:

　　MT4 Account:

• 　　Account Currency: EUR and USD.

• 　　Maximum Leverage: 1:400, allowing traders to control a larger position size with a relatively small amount of capital.

• 　　Minimum Deposit: 100 EUR/USD, making it accessible to traders with varying budgets.

• 　　Commission: 6 Euro Round Lot. This means there is a fixed commission fee per round lot traded.

• 　　Execution Type: Market, where orders are executed at the current market price.

• 　　Margin Call / Stop Out: 150% / 100%, indicating the margin levels at which traders receive a margin call and when their positions are forcibly closed (stop out).

• 　　Limit and Stop Level: None, meaning there are no restrictions on setting limit and stop orders.

• 　　Pricing: 5 Digits FX / 3 Digits Metals, indicating the decimal precision for different trading instruments.

• 　　Trading Instruments: 58 FX Pairs, 2 Metals, 3 Energy, and 13 Indices are available for trading.

• 　　Standard Lot: 100,000 Units, representing the standard trading size for currency pairs.

• 　　Minimum Lot Size: 0.01 (1,000 Unit) for FX and Metals, 0.01 for Indices and Energy, and 1 (10,000 USD) for BTC.

• 　　Maximum Volume per Trade: 50 Lots, which defines the maximum position size per trade.

• 　　Maximum Number of Orders: 300, indicating the maximum number of open orders allowed.

• 　　Execution Speed: <200 ms for 90% of orders, reflecting the speed at which most orders are executed.

　　MT5 Account:

• 　　Account Currency: EUR and USD.

• 　　Maximum Leverage: 1:400, providing leverage options for traders.

• 　　Minimum Deposit: 1,000 EUR/USD, requiring a higher initial deposit compared to the MT4 Account.

• 　　Commission: 6 Euro Round Lot (4.50 Euro on VIP). Similar to the MT4 Account, there's a fixed commission per round lot traded, with a reduced rate for VIP accounts.

• 　　Execution Type: Market, where orders are executed at the current market price.

• 　　Margin Call / Stop Out: 150% / 100%, similar to the MT4 Account.

• 　　Limit and Stop Level: None, allowing traders to set limit and stop orders without restrictions.

• 　　Pricing: 5 Digits FX / 3 Digits Metals, just like the MT4 Account.

• 　　Trading Instruments: 58 FX Pairs, 6 Metals, 4 Crypto, 3 Energy, and 13 Indices offer a wide range of assets to trade.

• 　　Standard Lot: 100,000 Units, consistent with the MT4 Account.

• 　　Minimum Lot Size: 0.01 (1,000 Unit) for FX and Metals, 0.01 for Indices and Energy, and 1 (10,000 USD) for BTC, matching the MT4 Account.

• 　　Maximum Volume per Trade: 50 Lots, indicating the maximum position size per trade.

• 　　Maximum Number of Orders: 300, similar to the MT4 Account.

• 　　Execution Speed: <100 ms for 90% of orders, indicating faster execution times compared to the MT4 Account.

　　These account types cater to traders with different preferences and trading strategies, allowing them to choose the one that best suits their needs and risk tolerance.

Leverage

　　This broker, GT Markets, offers a maximum trading leverage of up to 1:400. Leverage allows traders to control a larger position size with a relatively small amount of capital. A leverage ratio of 1:400 means that for every 1 unit of your own capital you deposit into your trading account, you can potentially control a trading position of up to 400 times that amount. While leverage can amplify potential profits, it also increases the level of risk and potential losses, so it should be used with caution and only by traders who understand the risks involved.

Spreads and Commissions

　　The spreads and commissions at GT Markets are subject to variation based on the specific trading account you select. It's essential to note that GT Markets provides two primary types of trading accounts, namely the MT4 Account and the MT5 Account, each with its own pricing structure.

　　For the MT4 Account, traders are charged a fixed commission of 6 Euro per Round Lot, making it transparent and predictable. The spreads offered on this account type can vary depending on market conditions and the specific currency pairs or assets you are trading. Generally, the spreads are competitive and can be affected by factors like market liquidity and volatility.

　　On the other hand, the MT5 Account follows a similar commission structure with 6 Euro per Round Lot (with a reduced rate of 4.50 Euro for VIP accounts). Like the MT4 Account, spreads on the MT5 Account are also subject to market dynamics and may fluctuate accordingly.

　　It's important to thoroughly review the specific spreads and commissions associated with the trading account you intend to use, as well as any potential variations for different assets within that account. Additionally, consider the trading conditions and your trading strategy when choosing the most suitable account type to meet your financial goals and risk tolerance.

Deposit & Withdrawal

　　GT Markets offers various deposit and withdrawal methods for traders, each with its associated fees and processing details. Here's a description of the deposit and withdrawal options provided by GT Markets:

　　Deposit Options:

　　Bank Wire (SEPA and SWIFT):

1. 　　SEPA (Single Euro Payments Area) deposits are free of charge.

1. 　　SWIFT deposits incur a fee of 20€ plus 1.5% of the deposit amount.

1. 　　GT Markets is a pure market broker, meaning they directly facilitate your access to the market without intermediaries when using bank wire transfers.

　　GTBank:

1. 　　Deposits via GTBank are free.

1. 　　A 1% fee applies for deposits in USD, while a 1$ fee is charged for deposits in NGN (Nigerian Naira).

1. 　　GT Markets operates as a pure market broker, allowing for direct market access through GTBank deposits.

　　BitCoin:

1. 　　Deposits using Bitcoin (BTC) are free of charge.

1. 　　The minimum withdrawal amount for Bitcoin is 0.00005 BTC.

1. 　　GT Markets serves as a pure market broker for Bitcoin transactions, providing traders with direct access to the market.

　　Green Bit:

1. 　　Deposits via Bitcoin Cash (BCH) using Green Bit are free.

1. 　　The minimum withdrawal amount for Bitcoin Cash is 0.005 BCH.

1. 　　GT Markets facilitates direct market access for Bitcoin Cash deposits and withdrawals through Green Bit.

　　Ethereum:

1. 　　Ethereum (ETH) deposits are free of charge.

1. 　　The minimum withdrawal amount for Ethereum is 0.02 ETH.

1. 　　GT Markets acts as a pure market broker for Ethereum transactions, offering direct market access.

　　Ripple:

1. 　　Deposits using Ripple (XRP) are free.

1. 　　The minimum withdrawal amount for Ripple is 5 XRP.

1. 　　GT Markets serves as a pure market broker for Ripple deposits and withdrawals, allowing direct access to the market.

　　Fasapay:

1. 　　Fasapay deposits and withdrawals incur a 0.5% fee for each transaction.

1. 　　GT Markets facilitates Fasapay transactions as a pure market broker, providing direct market access.

　　Withdrawal Options:

　　Withdrawal options are similar to deposit options, with specific fees and minimum withdrawal amounts applicable to each method. Traders can choose the most convenient withdrawal method based on their preferences and requirements.

　　It's important for traders to carefully review the fees and terms associated with each deposit and withdrawal option when using GT Markets to ensure they align with their financial goals and preferences.

Trading Platforms

1. 　　FIX API (Financial Information eXchange Protocol):

1. 　　FIX API is a widely used and industry-standard electronic trading protocol that has played a crucial role in modernizing the trading environment.It is a non-proprietary and open standard designed to facilitate electronic trading across financial markets. FIX API is continuously developed to adapt to evolving business and regulatory requirements. Thousands of financial firms rely on FIX API every day to execute millions of transactions. GT Markets Broker offers access to FIX API, allowing traders to operate like institutional clients with favorable market conditions and advanced technology at their disposal. Traders can benefit from the efficiency, reliability, and flexibility of FIX API when executing their trades.

2. 　　MT4 (MetaTrader 4):

1. 　　MT4 is a highly popular and widely used trading platform known for its user-friendly interface and powerful features. It provides access to a range of financial instruments, including Forex pairs, commodities, indices, and more. MT4 offers various technical indicators, charting tools, and customizable trading strategies through Expert Advisors (EAs). Traders can execute trades in real-time, receive live market data, and manage their positions efficiently. MT4 is suitable for both beginner and experienced traders due to its versatility and accessibility.

3. 　　MT5 (MetaTrader 5):

1. 　　MT5 is the successor to MT4 and offers an enhanced trading experience with additional features. It provides access to a broader range of asset classes, including Forex, stocks, commodities, cryptocurrencies, and more. MT5 offers an improved scripting language (MQL5) for developing custom indicators and trading robots. Traders can access more timeframes, technical indicators, and graphical objects for in-depth analysis. MT5 also supports hedging, allowing traders to have multiple positions in the same asset simultaneously. It offers a modern and intuitive interface with advanced charting capabilities.

　　Both MT4 and MT5 are renowned for their reliability, stability, and popularity among traders worldwide. Traders can choose between these platforms based on their trading preferences, strategies, and the range of financial instruments they wish to trade. FIX API, on the other hand, is a powerful option for institutional-like trading conditions with advanced technology and access to the FIX protocol.

Customer Support

　　GT Markets Broker provides customer support through various channels, including email. Their support team is available to assist with general inquiries via the email address support@gt-markets.com. Additionally, for partnership and investment-related matters, you can reach out to them at sales@gt-markets.com. They are located at Pot 805/103 Rue DAuvergne, Po BOX 535 – Port Vila, Vanuatu. It's important to note that they also have a dedicated contact form on their website where you can leave a message, ensuring that clients have multiple ways to get in touch and receive assistance. However, the specific responsiveness and quality of customer support may vary, so traders should evaluate their experiences when seeking assistance from GT Markets Broker.

Summary

　　GT Markets is a brokerage firm that provides trading services in various financial markets. However, there are suspicions regarding the legitimacy of their claimed Vanuatu VFSC regulation, which may be unauthorized or a clone license, raising concerns about their regulatory status. They offer trading in a range of instruments, including Forex, stocks, spot metals, index CFDs, and energy products, catering to diverse investment preferences. GT Markets offers two types of trading accounts, MT4 and MT5, each with its own features and specifications. They provide leverage of up to 1:400, which can amplify both profits and risks for traders. The spreads and commissions vary depending on the chosen trading account and asset. GT Markets supports multiple deposit and withdrawal methods, each with its associated fees. While they offer trading through platforms like FIX API, MT4, and MT5, they do not provide educational resources. Customer support is available through email, but the responsiveness may vary. Traders should exercise caution and conduct thorough research before engaging with GT Markets due to the regulatory concerns surrounding the broker.

FAQs

　　Q1: Is GT Markets a regulated broker？

　　A1: GT Markets claims to be regulated by Vanuatu VFSC with license number 14801, but there are suspicions that this license may not be legitimate. Traders are advised to exercise caution.

　　Q2: What is the maximum leverage offered by GT Markets？

　　A2: GT Markets offers a maximum trading leverage of up to 1:400, allowing traders to control larger positions with a relatively small amount of capital.

　　Q3: What are the available trading platforms at GT Markets？

　　A3: GT Markets provides access to FIX API (Financial Information eXchange Protocol), MT4 (MetaTrader 4), and MT5 (MetaTrader 5) trading platforms for traders.

　　Q4: Does GT Markets offer educational resources for traders？

　　A4: No, GT Markets does not appear to offer educational resources, such as tutorials or webinars, for traders seeking to improve their knowledge and skills in trading.

　　Q5: How can I contact GT Markets' customer support？

　　A5: You can reach GT Markets' customer support through email at support@gt-markets.com for general inquiries or sales@gt-markets.com for partnership and investment-related matters. They also have a contact form on their website for leaving messages.