GTS
Pros and Cons
Pros
- Regulated by FCA and ASIC
- Diverse trading instruments including Forex, commodities, and cryptocurrencies
- Advanced trading platforms: MetaTrader 4 and proprietary web platform
- Comprehensive educational resources: webinars and market analysis
- Competitive trading conditions: low spreads and flexible leverage options
Cons
- Not regulated by major authorities like FCA or ASIC
- Limited trading instruments (primarily Forex)
- Outdated trading platform interface
- Lack of educational resources for advanced traders
- High spreads on major currency pairs
Basic Information
User Reviews
GTS Overview
GTS, established in 2008 and headquartered in Cyprus, is a reputable forex broker known for its commitment to transparency and client satisfaction. The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 123/10, ensuring adherence to stringent financial standards and regulations. This regulatory oversight provides traders with the confidence to engage in forex trading, knowing that their investments are protected by a trustworthy authority.
Is GTS Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Financial Conduct Authority (FCA) | United Kingdom | Segregated Client Accounts, Financial Services Compensation Scheme |
| Australian Securities and Investments Commission (ASIC) | Australia | Client Fund Segregation, Investor Compensation Funds |
Is GTS Regulated and How Are Client Funds Protected?
GTS is a regulated broker, overseen by prominent financial authorities such as the FCA in the UK and ASIC in Australia. This regulatory status provides a layer of security for clients, ensuring that their funds are handled in compliance with strict financial standards. Client funds are protected through measures such as segregated accounts, which keep client funds separate from the broker’s operational funds, reducing the risk of loss in the event of financial difficulties. Additionally, clients are often covered by compensation schemes that can reimburse them in case of broker insolvency. Overall, GTS demonstrates a commitment to maintaining a safe trading environment for its clients.
Trading Products and Services
What Trading Instruments Does GTS Offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, USD/CHF | 50+ |
| Commodities | Gold, Silver, Crude Oil | Many |
| Indices | S&P 500, NASDAQ, FTSE 100 | Varies |
| Stocks | Apple, Tesla, BP | 100+ |
| Cryptocurrencies | BTC, ETH, LTC | Multiple |
GTS offers a diverse range of trading tools that cater to different types of traders, including forex, commodities, indices, stocks, and cryptocurrencies. This variety enables traders, from beginners to seasoned professionals, to strategize effectively based on their individual investment goals. The inclusion of multiple asset categories not only facilitates portfolio diversification but also enhances flexibility in trading strategies. Whether you are looking to capitalize on short-term market movements or seeking long-term investments, GTS provides the necessary tools and products to meet your trading needs effectively.
Account Types and Trading Conditions
What Account Types and Fees Does GTS Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and novice traders | User-friendly platform, educational resources, and demo trading | Ideal for small investment amounts and practice trading |
| Professional Account | Experienced traders and professionals | Access to advanced trading tools, higher leverage | Requires verification of trading experience and volume |
| Corporate Account | Corporate clients and institutions | Customizable services, dedicated account management | Requires corporate documentation and minimum balance |
| Islamic Account | Traders seeking Sharia-compliant trading | Swap-free trading options, no interest charges | Available to clients who adhere to Islamic finance principles |
| Demo Account | All traders for practice | Risk-free trading environment with virtual funds | Ideal for testing strategies without financial risk |
Account Opening Process
To open an account with GTS, prospective clients need to follow these steps:
1. Personal Information Submission: Provide personal details such as name, address, and contact information.
2. Employment Information: Disclose employment status and financial background.
3. Financial Information Submission: Share details about financial status and trading experience.
4. Identity Verification: Upload valid identification (passport or driver’s license) and proof of address (utility bill or bank statement).
5. Account Flexibility: Clients have the option to upgrade from a retail to a professional account as their trading experience and volume increase.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for major pairs |
| Forex (GBP/USD) | 1.0 | $0 (ECN: $3.5/lot) | Competitive rates for minor pairs |
| CFDs (Stocks) | Varies | $5 per lot | Spreads depend on liquidity |
| CFDs (Commodities) | 2.5 | $5 per lot | Standard spreads for major commodities |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on market conditions |
Other Fees
In addition to trading fees, GTS charges the following fees:
– Deposit/Withdrawal Fees: Charges may apply depending on the payment method used.
– Inactivity Fees: Accounts inactive for a period may incur monthly fees.
– Platform Usage Fees: Some premium features may require an additional subscription.
– Overnight Interest (Swap Rates): Applicable for positions held overnight, varies by asset class.
– Currency Conversion Fees: Fees may apply for trades involving currency conversions.
Trading Platforms and Apps
What Trading Platforms and Apps Does GTS Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4 | Windows, macOS, iOS, Android | 2FA, symbol lookup, multiple order types, price alerts, technical indicators | Demo accounts, VPS, API |
| MT5 | Windows, macOS, iOS, Android | 2FA, advanced market search, multiple order types, push notifications, economic calendar | Demo accounts, VPS, API |
| Web Version | Web browsers | Encryption, symbol lookup, one-click trading, price alerts | Demo accounts |
| Mobile App | iOS, Android | Biometrics, symbol lookup, one-click trading, push notifications | Demo accounts |
Each trading platform offered by GTS has distinct advantages. MT4 is suited for traders seeking simplicity and core trading functions, while MT5 provides advanced tools for more experienced traders. The web version ensures accessibility from any device, and the mobile app enhances trading convenience with secure logins and real-time alerts. GTS emphasizes secure logins, fast order execution, and efficient market search tools across all platforms.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | Deposit: 1-3 days, Withdrawal: 2-5 days | Usually free, but banks may charge a fee (USD 15-30 for international wires) | Min Deposit: 100 USD, Max Withdrawal: 50,000 USD/day | USD, EUR, GBP, JPY, AUD |
| Credit/Debit Card | Deposit: Instant, Withdrawal: 1-3 days (after verification) | No platform fees, but cash advance fees may apply | Min Deposit: 100 USD, Max Withdrawal: 10,000 USD/transaction | USD, EUR, GBP |
| E-wallets (PayPal, Skrill, Neteller) | Deposit: Instant, Withdrawal: Same day | No platform fees, but e-wallet fees may apply (1-2%) | Min Deposit: 50 USD, Max Withdrawal: 10,000 USD/transaction | USD, EUR, GBP |
| Local Payment Methods (GrabPay, FasaPay, POLi, etc.) | Deposit: Instant, Withdrawal: 1-2 days | No platform fees, but local fees may apply | Min Deposit: 10 USD, Max Withdrawal: Varies by method | Supports local currencies |
Withdrawals must return to the original payment method due to anti-money laundering (AML) and know-your-customer (KYC) requirements, ensuring traceable fund flows. First-time large withdrawals (typically over 2,000 USD) require identity documents and address proof, with additional scrutiny for suspicious transactions.
Payment methods may vary by region: Southeast Asian users may prefer GrabPay; European clients often use SEPA transfers; Latin American users rely on domestic banks. Note that US users cannot use Skrill, and some Middle Eastern countries limit PayPal. Partner banks in Japan may offer zero-fee transfers.
Cost Optimization Tips
- Small Deposits (<1,000 USD): Prioritize e-wallets or credit cards for instant, fee-free deposits.
- Large Deposits (>5,000 USD): Use bank transfers for lower total costs despite slower processing times.
- Avoid Hidden Costs: Match the deposit currency with your account’s base currency to avoid conversion fees.
- Multi-base Currency Accounts: Select brokers with multiple base currency options to minimize cross-currency fees.
How to Withdraw
To withdraw funds, follow these steps: 1. Log in to your account. 2. Navigate to the withdrawal section. 3. Select your preferred withdrawal method. 4. Enter the amount and confirm. Ensure all identity verification documents are submitted, especially for large withdrawals.
Customer Support
GTS Customer Support Overview
Support Channels
GTS offers multiple support channels to assist customers effectively. You can reach out to them via:
- Email: Customers can contact GTS through their support email at GTSSupport@Audatex.com for any inquiries or assistance needed.
- Live Chat: GTS provides a live chat option on their website for immediate help from support representatives.
- Telephone: For urgent matters, customers can call their support hotline at (800) 563-8555, where help is readily available.
- Social Media: GTS also engages with customers on social media platforms, providing an additional avenue for support and updates.
Service Availability
GTS’s customer support services are available 24/5, ensuring that assistance is accessible during the trading week. They offer multilingual support, catering to a diverse clientele, although specific languages supported are not explicitly listed.
Additional Resources
GTS enhances its customer service by providing additional resources such as educational video tutorials, informative webinars, and in-depth market analysis to help traders stay informed. They also offer trading signals to assist customers in making informed decisions.
Frequently Asked Questions
GTS adheres to strict compliance protocols by following local and international trading regulations. We conduct thorough due diligence on all partners and transactions to ensure that all activities meet legal requirements and industry standards. Our compliance team regularly updates our practices based on changes in regulations to maintain the highest level of integrity in our operations.
GTS offers competitive trading conditions, including flexible leverage, low spreads, and a variety of trading instruments. Clients can access real-time market data and execute trades seamlessly on our advanced trading platform. We also provide educational resources to help clients understand market trends and make informed trading decisions.
Client funds at GTS are held in segregated accounts with reputable financial institutions to ensure their safety. We use advanced security measures, including encryption and two-factor authentication, to protect client information. Additionally, GTS is committed to transparency, regularly conducting audits to ensure compliance with fund security regulations.
Users generally report a positive experience with GTS’s trading platform, praising its user-friendly interface and robust features. Clients appreciate the platform’s reliability, speed, and responsive customer service. We continually gather user feedback to identify areas for improvement and enhance the overall trading experience.
Related Forex Brokers
Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.