GTO Markets

According to WikiFX data, GTO Markets holds a low overall score of 1.55 out of 10, reflecting significant regulatory concerns. The broker claims affiliations with ASIC licenses (Derivatives Trading License and Appointed Representative), but both remain unverified, meaning no valid authoritative forex trading license is currently in place. This lack of credible oversight, combined with public exposure regarding clone company allegations and unfavorable exchange rate discrepancies, places the broker in a high-risk category. Potential traders should exercise caution.

GTO Markets lists two licenses under the Australian Securities & Investment Commission (ASIC): a Derivatives Trading License (STP) and an Appointed Representative (AR) license. However, both licenses carry a status of 'Unverified' according to WikiFX assessment. This means the broker’s regulatory claims have not been confirmed by the authorities, and it currently lacks a valid, verified forex trading license. Traders should treat the regulatory status as highly uncertain.

GTO Markets requires a minimum deposit of $100 across all three account types: Standard, Advanced, and ECN. This entry threshold is relatively low and accessible for retail traders.

The broker states support for MetaTrader platforms, though the specific version (MT4 or MT5) is not publicly disclosed. Account features such as Expert Advisor (EA) support and scalping are enabled, which are common on MetaTrader platforms. Traders should confirm platform availability directly with the broker.