Broker Review

Author By Jeffrey Cammack
Updated: September 24, 2021
Overall Rating
3.64 3.64 / 5
Rated #42 of 56 Recommended Brokers
Min. Deposit
Trading Desk
Trading Cost 
USD 14
Website Language
Support Language
AlertAccepts Kenyan Clients. Average spread EUR/USD 1.40 pips on trading account with lowest minimum deposit. Max leverage 1000:1. Islamic account available. MT5 platform supported. is regulated by the FSCA & FSA Seychelles.

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Summary is an international CFD broker regulated by the FSCA and the FSA Seychelles. An STP broker with a wide range of CFDs, offers market execution and ZAR trading accounts. But, unlike most brokers in South Africa, only provides support for the MT5 platform, and not the industry-standard MT4. does not have a required minimum deposit and offers commission-free trading, but its variable spreads are wider than its peers. 

Because is a new broker, it provides little in the way of education and market analysis materials, making it a poor choice for beginner traders.


111003/ 5
Trading Conditions
111104/ 5
Trading Platforms
111104/ 5
Deposit & Withdrawal
11110.54.5/ 5
Education & Research
10.50001.5/ 5
Assets Available
11110.54.5/ 5
Customer Service
111104/ 5
Beginner Friendly
Welcome and deposit bonus

Account Information

Base Currencies
Number of FX Pairs
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Account

Trading Conditions

Min. Spread
1.40 pips
Fees Included in Spread
1.60 pips
2.20 pips
1.60 pips
Max. Leverage

Company Details

Company Name
GT IO Markets (Pty) Ltd
Office Locations
South Africa, Seychelles


  • Low minimum deposit
  • ZAR Accounts


  • Limited platform choice
  • Wide spreads
  • Limited educational material

Is safe?

Founded in 2020, offers international multi-asset trading from its headquarters in South Africa.  It is regulated by the Financial Sector Conduct Authority (FSCA) and the Seychelles Financial Services Authority (SFSA).  Although operates internationally, it does not broker under the supervision of ESMA, and cannot provide financial services to European Union countries.  See below for a list of registrations:

  • GT IO Markets (Pty) Ltd is regulated by the Financial Sector Conduct Authority under the FSCA FSP Number 48896.
  • 360 Degrees Markets Ltd is a registered company in Seychelles, with Registration Number 8421720-1.  

Due to the strict regulatory oversight required by these regulators, all client funds are held in segregated tier-1 bank accounts.  It also offers negative balance protection, which means traders cannot lose more than they have in their trading account. 

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Group Regulators
Trading Desk
Year Founded
Office Locations
Additional Fees
South Africa, Seychelles
Inactivity Fee: $10/month


Trading Conditions

An STP, does not have a dealing desk and offers Market Execution for all trading pairs, meaning that orders are routed to its execution venues and returned to the client at the best available bid/ask prices. The average execution speed is 120 milliseconds.  Although it does not charge a commission or withdrawal fees, a mark-up is applied to the variable raw spreads furnished by liquidity providers. offers one standard account and an unlimited demo account, supported by the popular MT5 platform.  Dynamic leverage is high on the accounts, up to 1000:1, while the minimum transaction level is 0.01 lots. only allows currencies to be denominated in USD, EUR, ZAR, BTC, ETH, and USDT.

Trading sessions run from Sunday 00.00 (GMT+3) until Friday 00.00 (GMT+3).  It also offers Islamic Swap-Free accounts. Trading conditions Standard Account

The standard account is a commission-free trading account with variable spreads and no minimum operating balance.  Leverage is up to 1000:1, and trades are executed through the MT5 platform. There is no minimum deposit on the standard account, and allows hedging and scalping.  Note that will charge an inactivity fee of 10 USD on accounts that are dormant for longer than 90 days. 

Demo account

The demo account does not expire, which is helpful for beginner traders.  In demo-mode, one can view charts, news, and analysis, get access to the full-featured MT5 platform, experience real-time prices and real forex market volatility.  While the demo account is not limited in time, it will automatically close after three months of inactivity.

Spreads and commissions’s variable spreads on major pairs average at 1.60 pips but can fall to 1.40 pips at times.  Because does not charge a commission or withdrawal fees, a mark-up is applied to the variable raw spreads provided by execution venues. 


Deposits and Withdrawals

Deposits and withdrawals are denominated in USD, EUR, ZAR, BTC, ETH, and USDT, but trading currencies are limited to EUR, USD, and ZAR.  In line with the Anti-Money Laundering Directive, operates a “return to source” policy, meaning that withdrawals must be made via the same method and the same account as the original deposit. does not charge deposit or withdrawal fees but charges an inactivity fee on dormant accounts. Withdrawals are processed within three hours on average.   Deposits and withdrawals can be made via the following methods:

  • Bank Wire: A minimum deposit of 1500 ZAR is required using this method, and the processing time is two to five business days.  Withdrawals are free, though banks may charge for the service, and transaction time is 3-5 business days. These are only processed Monday-Friday 09:00-17:00 GMT.
  • Visa/Mastercard: Deposits are instant, but withdrawals can take up to 24 hours and are only processed on Monday-Friday 09:00-17:00 GMT.
  • Neteller: Deposits and withdrawals are processed instantly.
  • Skrill: Deposits are processed instantly, but withdrawals can take up to 24 hours. 
  • Cryptos (Bitcoin/Ethereum/USDT): Deposits are processed within 1 – 30 minutes, but withdrawals can take up to 24 hours.
  • Sticpay: Minimum deposit is 5 USD/EUR.  Deposits and withdrawals are processed instantly.
  • Swiffy: Minimum deposit is 1500 ZAR.  Deposits and withdrawals are processed within one to three business days. deposit and withdrawal methods

Bonus Structure offers discretionary sign-up, deposit and loyalty bonuses for its clients.  Get in touch with’s customer service to find out more. Bonus Structure for Beginners does not offer anything in the way of educational materials for beginner traders.  It also lacks up-to-date market analysis content, providing only basic trading information.  On the other hand, its demo accounts do not expire, and the responsive customer service team is available 24/7 for all client account and technical questions.

Educational Material

As mentioned, has no educational content.


Analysis Material’s limited research and analysis section provides a ‘Trader’s Insights’ page, an economic calendar, and a blog with very few articles.  Market analysis material is only available in English.

Market analysis Material

Customer Support

The responsive and helpful customer support team at is available 24/7 via live chat and email in English, but, as with all regulated brokers, it cannot offer investment advice. 

For the purposes of this review, we found the Customer Support at to be responsive and polite.

Trading Platforms

Unlike other brokers in South Africa, only offers support for one trading platform – MT5.  That being said, MT5 has all the necessary trading tools and resources on hand to allow traders to conduct research and analysis, enter and exit trades and even use third-party automated trading software.  


MetaTrader 5

MT5 is one of the most reliable and well-known trading platforms in the industry and is being adopted by more Forex brokers all the time.  It offers 38 technical indicators, 44 analytical objects, 21 timeframes, and an unlimited number of charts.  It has a more modern interface than its predecessor, MT4, and provides Depth of Market in addition to an economic calendar. Mobile Apps

MT5 is available as a mobile and tablet download – on both Android and iOS, allowing traders to keep track of their open positions while on the move. trading apps

Evaluation Method

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of how we review’s product offering. Central to that process is the evaluation of the broker’s reliability, the platform offering of the broker, and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

Risk Warning

Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. would like you to know that:  Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. You may lose more than you invest. Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading.

Overview is an FCSA and SFSA-regulated STP broker, with support for the MT5 platform but with limited account options.   Its variable spreads are wider than its peers, but it offers commission-free trading on its account.  It also does not charge withdrawal or deposit fees and does not have a minimum deposit for accounts denominated in ZAR (other than Bank Wire Transfer and Swiffy).’s chief limitation is its educational and market analysis material, but it provides responsive customer support and has an unlimited demo account.

AlertAccepts Kenyan Clients. Average spread EUR/USD 1.40 pips on trading account with lowest minimum deposit. Max leverage 1000:1. Islamic account available. MT5 platform supported. is regulated by the FSCA & FSA Seychelles.
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