On-line since: About company: The company has been working in online trading for more than 10 years. During this time the working territory of the broker has expanded significantly and today GT Markets provides services in more than 50 countries. GT Markets' clients trade on the MetaTrader 4 and WebTrader platforms which are available through mobile devices, PCs, and web browsers. The broker gives access to 400 trading instruments including currency pairs and CFDs on US companies' stocks, world indices, and metals. GT Markets' customers can begin trading with a deposit of $10 for Fix accounts, $100 for Pro accounts, and $1,000 for ECN accounts. Deposits may be in such currencies as USD, EUR, and RUB. All account types allow scalping, hedging, and trading on news. The leverage size depends on the balance of a trading account. For example, those who deposited from $10 to $10,000 can count on leverage of up to 1:500. Low leverage of up to 1:50 is set for accounts with a balance of more than $50,000. In addition, large traders and investors are offered three VIP-programs with expanded trading opportunities. Beginners can use a free demo account for 150 days. GT Markets provides its clients with the ProInvestor service, thanks to which traders have the opportunity to receive an additional profit from investments into the strategies of managers. This service allows a trader to select a manager by the following criteria: the date of opening an account, funds of a potential manager, and income for three months or six months. Thus, traders protect themselves from losses by entrusting their funds to those managers who, in their opinion, are reliable. Besides, any client of the company can become a manager and even open several accounts for implementing different trading strategies. In the “Analytics” section clients will find a forex guide, the calendar of holidays and the economic calendar as well as educational materials on the basics of technical analysis. There are different payment methods for replenishing an account: bank transfer, electronic payment systems, or credit cards. Withdrawal is possible from $10. Read the comments and reviews of traders who worked with GT Markets on our website.
3/10
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I have been successfully doting forex trading with GT Markets and consider them to be one the most dependable forex brokers in the current forex market. Their platform is excellent for all kind of traders – it’s user friendly and offers a flexible position size. The customer support is always welcoming and cooperative.
I will not recommend this broker for everyone. I am more than 5 months a customer of this broker. Having experience with other brokers I am thinking of leaving them. Their server always delays, requotes, connections issues, and spikes. Their server always delays, requotes, connections issues, and spikes. I tried several times during several minutes time frame, until marked reversed and I lost my position at original stop loss. I tried several times during several minutes time frame, until marked reversed and I lost my position at original stop loss. Too high spreads and re-quotes. Without giving a reminder to me they suddenly terminate my account. This broker needs to update the platform and adds more promising trading programs to maintain their reputation.
I have passed a great experience on GT Markets's platforms. As their MT4 trading platform is stable and they have a wide range of trading tools or indicators. The order execution is almost Instant and has no slippage. I can trade automatically with an EA trading and my profit reached $850 and my payment is clear so far. So I am satisfied with the great service at GT Markets in the market.
I am not sure if I will still continue trading with GT Markets because lately, there has been a lot of issues in their platform. And aside from that, the spreads has become wider than usual. It has not become harder to earn from the trades.
Very unfavorable terms of trade: leverage, min. deposit, spread. Execution of orders is not very good too. From the beginning I have entrusted all my funds to managers, but how they manage my money, only makes my money disappear day by day. For my total, nearly $2000 was lost. Meanwhile, I just joined 2 months ago. They don´t give you the full amount if you try to withdraw some of your profits. The withdrawal process takes long. Their execution compared to other brokers is not that fast.
Too many hidden fees that they couldn't justify. Transparency is the biggest problem of this broker. I'm not allowed to get a bonus since I have no enough money deposited on my trading account. Execution was slow and difficult to withdrawal also. There were many re-quotes during trading time and placing orders that led my trades to be failed.
I couldn't withdraw the profit made over the bonus because they simply blocks my account. Once I had to wait for two weeks to get my entire earnings. I only got my first withdrawal request and the second one is still pending. I had no idea why they likes to held withdrawal requests. I thought this company had speed up the withdrawal system. Today I tried to close some orders in profit, but the execution was delayed and closed only when the orders were losing, and after this, I withdrawn immediately all my money. Looking for another broker.
My account manager from GT Markets had full access to my trading account. He is allowed to make the trades in my behalf because he said that this is how he is going to help me. He said that he would make profitable trades so that I could earn even if I make mistakes in my own trading activities. However, this person has incurred a huge loss within just a day. I complained and all he gave me is that it happens normally.
I am not comfortable trading with this broker because they are not regulated, they do not have any trading contests or bonus campaigns and the customer supports they provided were not competent. I trade on the MetaTrader 4 platform, and it has delays in execution during news release. I had some closed positions during the night on EUR/USD with a loss of $172, which I never got back because the support team is not available. I requested to withdraw my funds and I will close my account.
My experience with 24FX not so good. I started with $400 and then trade with this almost 25 days and I make profit $275. But last week my platform goes freezed for 1 hour and I was unable to close my EUR/USD running trade. Even my SL did not triggered on the set price and I lost $185. When I contact with their live support they told me that was my internet connections problem. But that time was able to login other broker platform. So please if you are planning to do forex choose a well known broker.
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