FXGT and GlobalGT are offshore retail brokers targeting clients in Asia. A group of companies operates them. Among them, 360 Degrees Markets Ltd, regulated by the FSA Seychelles, and GT IO Markets (Pty) Ltd, regulated by the South Africa FSCA. They are part of GT Group, which comprises CySEC-regulated investment firm and liquidity provider FintecGT. The payment processors we discovered for FXGT are Cyprus-based Payabl and Unlimint. We assigned a Green compliance rating.
Key Data
| Trading names | FintecGT FXGT GlobalGT GT Group |
| Activity | Multi-asset broker |
| Domains | https://fintecgt.com https://fxgt.com https://globalgt.com https://gtgroup.io https://ispasstechnologies.com |
| Legal entities | TEC International (Cyprus) Ltd (Cyprus) ISPASS Technologies Ltd (Cyprus) 360 Degrees Markets Ltd (Seychelles) GT IO Markets (Pty) Ltd ( South Africa) |
| Contact data | +35797783086 [email protected] |
| Jurisdictions | 4.6 stars with excellent trust level for GlobalGT 4.2 stars with a Great trust level for FXGT |
| Authorization | CySEC for FintecGT with license no 382/20 FSA Seychelles for FXGT with Securities Dealer’s License Number SD019 FSCA South Africa with FSP no 48896 |
| Leverage | up to 1:1000 |
| Trustpilot | 4.6 stars with excellent trust level for GlobalGT 4.2 stars with Great trust level for FXGT |
| Compliance rating | Green |
| Payment processors | Payabl, Unlimint |
| Related individuals | Yiannis Savvias (LinkedIn) Panikos Georgiou (LinkedIn) Scott James Waite (LinkedIn) Alexia Patouris (LinkedIn) Anthia Christodoulou (LinkedIn) Iosif Kapoulas (LinkedIn) Carl Julian |
Short Narrative
FXGT and GlobalGT are the trading names of the FSA-licensed 360 Degrees Markets Ltd. Panikos Georgiou is the Securities Dealer representative. Until May 2019, he was also the Chief Operating Officer for CySEC-regulated FxNet Ltd.
The offshore broker schemes are operated by a group of companies, including the FSCA-regulated GT IO Markets (Pty) Ltd. The Cyprus-based ISPASS Technologies Ltd facilitates payments and provides software, IT, and support services.
According to the GT Group compliance department, FxNet is not connected to the GT Group.
GT Group also includes CySEC-regulated TEC International (Cyprus) Ltd, which operates under the trading name FintecGT.
Compliance Check
The GT Group offshore schemes work with licenses of the Seychelles FSA and the South Africa FSCA.
Our reviews found that the GT Group offshore retail brokers do not accept clients from Europe or North America. In this respect, we cannot identify any regulatory issues for the jurisdictions of these regions. However, the regulatory situation in Asian countries seems questionable to us.
Nearly 100% of FXGT‘s 4.6 million website visitors came from Japan in the 28 days before April 1, 2023. At GlobalGT, about 80% of the 1,4 million website visitors came from Thailand. Neither in Japan nor Thailand does the operator, 360 Degrees Markets Limited, have a permit we know of.
On Trustpilot, GlobalGT and FXGT have 4.6 and 4.2-star ratings, respectively, with corresponding Excellent and Great trust levels. It should be noted that FXGT currently has only 12 reviews.
We did not find any warnings from financial market regulators. Therefore, we put GlobalGT and FXGT on our Green Compliance List.
Share Information
If you have any information about FXGT, GlobalGT, and FintecGT, please share it through our whistleblower system, Whistle42.
