What Account Types and Fees Does GT Markets Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners |
Low spreads, user-friendly trading environment |
Suitable for traders starting with smaller capital |
| Professional Account |
Experienced Traders |
Higher leverage, advanced trading features |
Requires trading volume qualifications |
| Corporate Account |
Corporate Clients |
Customized services, institutional-grade trading conditions |
Requires corporate documentation |
| Islamic Account |
Clients seeking swap-free trading |
Compliant with Sharia law |
Available upon request |
| Demo Account |
All Traders |
Practice trading in a risk-free environment |
Ideal for familiarizing with the platform |
Account Opening Process
To open an account with GT Markets, prospective clients need to follow a straightforward process. Initially, users must submit personal information, employment details, and financial information through the online registration form. Identity verification is required, which includes providing a valid form of ID and proof of address. Once the account is set up, there is flexibility to upgrade to a professional account later if trading volume and other criteria are met.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major currency pairs |
| Forex (Minor Pairs) |
1.2 |
$0 (ECN: $3.5/lot) |
Wider spreads for less frequently traded pairs |
| CFDs (Stocks) |
Varies |
$0 (ECN: $3.5/lot) |
Competitive commissions on stock trades |
| CFDs (Indices) |
Varies |
$0 (ECN: $3.5/lot) |
Access to major global indices |
| Cryptocurrencies |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
GT Markets may charge various other fees that traders should be aware of. Deposit and withdrawal fees may apply depending on the payment method chosen. Inactivity fees may be incurred if an account remains dormant for an extended period. Additionally, there may be platform usage fees associated with certain trading tools. Overnight interest, or swap rates, could apply to positions held overnight. Finally, currency conversion fees may be charged when trading in different currencies.
