FXGT and Global GT are offshore retail brokers primarily targeting clients in Asia. They are operated by 360 Degrees Markets Ltd, a company regulated as a Securities Dealer by the FSA Seychelles. FXGT is part of the GT Group, which includes FintecGT, a CySEC-regulated investment firm and liquidity provider.
The payment processors used by FXGT are Payabl and Unlimint, both based in Cyprus. Below is our initial review of the broker scheme.
Key Information
- Trading Names:
- FintecGT
- FXGT
- Global GT
- GT Group
- Industry: Multi-asset brokerage
- Domains:
- Legal Entities:
- TEC International (Cyprus) Ltd (Cyprus)
- ISPASS Technologies Ltd (Cyprus)
- 360 Degrees Markets Ltd (Seychelles)
- 180 Degrees Services Ltd (Cyprus)
- GT IO Markets (Pty) Ltd (South Africa)
- Jurisdictions: Cyprus, Seychelles
- Regulatory Licenses:
- CySEC for FintecGT (License No. 382/20)
- FSA Seychelles for FXGT (Securities Dealer’s License No. SD019)
- FSCA South Africa (FSP No. 48896)
- Leverage: Up to 1:1000
- Payment Processors: Payabl, Unlimint
- Key Individuals:
Short Narrative
We found that Panikos Georgiou is both the Compliance Manager for FXGT and Global GT (registered with the FSA Seychelles) and the Chief Operating Officer for FxNet Ltd, a CySEC-regulated entity. This is based on the information listed on his LinkedIn profile.
At this time, we do not have conclusive evidence regarding the relationship between GT Group and FxNet.
Similarweb Statistics for FXGT and Global GT
Our review on February 6, 2023, noted that GT Group’s offshore brokers do not accept clients from Europe or North America. Therefore, we did not identify any regulatory concerns in these regions. However, the regulatory status of the company’s operations in Asia remains questionable.
- FXGT: Nearly 100% of its 4.6 million website visitors (in the 28 days before our review) were from Japan.
- GlobalGT: Approximately 85% of its 900,000 website visitors were from Thailand.
Neither in Japan nor Thailand does the operator, 360 Degrees Markets Limited, hold any regulatory license that we are aware of.
Share Your Information
If you have any information regarding FXGT or FintecGT, please submit it through our whistleblower system, Whistle42.