Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighGenuine but offshore-only cover: Vanuatu VFSC 14801 active plus Comoros MISA T2023313. No tier-one licence and no compensation scheme.
Identity & transparency
5/10 · ModerateOperating entity and Vanuatu address are disclosed and consistent across sources, but a brand-versus-operator split, a US phone number and an inaccessible main site add opacity.
Withdrawals & conduct
6/10 · HighMultiple third-party reports of delayed or refused withdrawals, not fully adjudicated, offset by some positive payout reports.
Reputation
6/10 · HighNegative watchdog and review-site coverage alongside a thin, all-five-star Trustpilot page with no activity in the past year.
Website claims
5/10 · ModerateDiscloses offshore licences honestly but markets 'Worldwide Regulation', overstating the value of weak offshore permits.
Operational history
4/10 · ModerateDomain active since 2020 and claims of operating since 2016, so several years old, but with a weak and disputed track record.
Who they are
A quick desk file on the company behind the brand.
- Brand: GT Markets (GT-Markets), a promoter and broker for Pure Market.
- Legal entity: Pure M Global Limited (client funds and licence), with Pure Market Africa Ltd as a related group entity.
- Registered: Port Vila, Vanuatu (1st Floor, B&P House, Kumul Highway; physical address at Stade, Port Vila).
- Website: gt-markets.com, routing clients to the Pure Market platform at puremarketbroker.com.
- Only licences: Vanuatu VFSC number 14801 (active) and Comoros MISA T2023313 (active). Both offshore and low protection.
- Offers: Forex, metals, shares, indices, commodities and crypto CFDs on MT4 and MT5, leverage up to 1:400, plus IB and PAMM programs.
- Not accepted: The group states it does not target UK or EU residents and excludes the US, Malaysia, Vanuatu and several sanctioned countries.
- Age claim: The site claims regulation since 2016; the domain was registered in November 2020 and the VFSC licence is dated March 2024.
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: Yes
We confirmed this broker on a genuine regulator’s register.
Licences the broker publishes
Vanuatu Financial Services Commission (VFSC)
Mwali International Services Authority (MISA)
Why we reached this verdict
How the evidence adds up.
We rate GT Markets high risk but not a confirmed scam, and here is why.
- The licences are real. We checked the Vanuatu VFSC financial dealers list and found licence 14801 held by PURE M GLOBAL LIMITED, active, classes A, B and C. We checked the Comoros MISA register and found licence T2023313 held by Pure Market Africa Ltd, active. So claims elsewhere that this broker is completely unlicensed are wrong.
- But these are offshore permits. Vanuatu VFSC is a low-tier regulator and Comoros MISA is not a genuine financial supervisor. Neither offers a compensation scheme or meaningful protection for your deposit.
- It is not a clone. GT Markets openly discloses that it operates under Pure Market and Pure M Global. We found no evidence it is impersonating a well-known regulated firm, so we are setting aside the earlier 'suspicious clone' label.
- The reputation is worrying. Independent review sites describe withdrawal delays and refusals, including a user who could not withdraw after depositing 200 and 400 US dollars. The broker's own Trustpilot page is thin and entirely five-star, which is a marketing pattern, not proof of good service.
- The main site was not publicly reachable during our review, while clients are routed to the linked Pure Market platform. That opacity, plus offshore-only cover, keeps this well short of a clean bill of health.
Evidence ledger
Every finding, with its source and how strongly it points.
E1Vanuatu VFSC Financial Dealers Licensee List shows licence 14801 held by PURE M GLOBAL LIMITED, classes A, B, C, status Active, dated 25 Mar 2024. Confirms the offshore licence genuinely exists and is in force.
E2Comoros MISA authorised-brokerage list shows licence T2023313 for Pure Market Africa Ltd, active since 28 Jun 2023, website puremarket.global. Confirms the second licence exists, though MISA is not a genuine supervisor.
E3The Pure Market operator site states it is run by Pure M Global (Vanuatu licence 14801) and Pure Market Africa (Comoros MISA T2023313), lists a Port Vila address, and says it is not directed at UK or EU residents. GT Markets discloses it is a promoter and broker for Pure Market.
ModeratePure Market Broker websiteE4Domain gt-markets.com was registered on 9 November 2020 through Namecheap with Cloudflare nameservers, contradicting the site's claim of operating since 2016.
E5Independent review sites report withdrawal delays and refusals against gt-markets.com, including a user unable to withdraw after depositing 200 and 400 US dollars, and descriptions of frozen accounts.
ModerateScam Brokers ReviewE6The broker's Trustpilot page for gt-markets.com carries only nine reviews, rated 4.3 with 100 percent five-star and no reviews in the past 12 months. The listed contact address matches Pure M Global's Vanuatu address, confirming identity, but the review profile is thin and one-sided.
WeakTrustpilotE7The FCA warning that appears in searches names GT Trader at gt-trader.com, with a Zurich address and [email protected], a different domain and contact set from gt-markets.com. The warning does not apply to this broker and is recorded as a name collision.
E8Archived GT Markets homepage shows a live broker taking deposits from $100 on MT4 and MT5 with leverage up to 1:400, and a footer stating it is a promoter and broker for Pure Market linking to the licences.
The other side
The strongest case in this broker’s favour.
In fairness to GT Markets, several points cut in its favour.
- It holds genuine, active licences that we verified on the regulators' own registers, which many outright scams do not.
- It discloses its operating entities, its Vanuatu address and its offshore status honestly, rather than faking a tier-one licence.
- Some user reviews report smooth deposits and withdrawals and fast execution.
- The FCA and Australian warnings that appear in searches name a different website, gt-trader.com, with a Swiss address and different contact details. Those warnings are not about this broker and we have not counted them against it.
- The domain has existed since 2020, so this is an established operation rather than a brand-new pop-up.
What would change this
What we would need to see to revise the verdict.
Our view would move if new facts appeared.
- Toward scam: a regulator warning naming gt-markets.com itself, or a clear pattern of detailed, verified withdrawal-refusal complaints across several platforms.
- Toward scam: proof that gt-markets.com shares operators or infrastructure with the FCA-warned gt-trader.com.
- Toward safer: the VFSC or MISA licence being cancelled, suspended or shown to be false would confirm serious wrongdoing.
- Toward safer: consistent recent evidence of paid-out withdrawals and a return to a live, transparent public website would reduce the risk rating.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
Vanuatu VFSC - Financial Dealers Licensee List
Confirms licence 14801, PURE M GLOBAL LIMITED, is active.
Comoros MISA - Authorised Brokerage Companies
Confirms licence T2023313 for Pure Market Africa Ltd is active.
Pure Market Broker - operator and licences page
Operator platform GT Markets routes clients to; lists both offshore licences.
Trustpilot - GT Markets
Nine reviews, all five-star, none in the last year.
Frequently asked questions
Quick answers about this broker’s safety.
Is GT Markets a scam?
We did not find enough proof to call GT Markets an outright scam. It holds genuine but weak offshore licences. However, it is high risk, and several review sites report withdrawal problems, so caution is strongly advised.
Is GT Markets regulated?
Yes, but only offshore. Pure M Global Limited holds an active Vanuatu VFSC licence (number 14801) and the group holds a Comoros MISA licence (T2023313). Both are low-tier and offer little real protection to clients.
Can I withdraw my money from GT Markets?
Some users report normal withdrawals, but multiple independent reviews describe long delays and refused withdrawals. If you have funds there, request a full withdrawal and keep records of every message.
Is my money safe with GT Markets?
Your money is not strongly protected. Vanuatu and Comoros licences do not include a compensation scheme, so if the broker fails or refuses to pay, there is no official fund to recover your deposit.
Who owns GT Markets?
GT Markets is a brand that promotes Pure Market. The licensed operating company is Pure M Global Limited in Vanuatu, with Pure Market Africa Ltd as a related Comoros entity.
How old is GT Markets?
The gt-markets.com domain was registered in November 2020. The site claims the business has been regulated since 2016, but the current Vanuatu licence record is dated March 2024.
What is a VFSC licence worth?
The Vanuatu Financial Services Commission is a low-tier offshore regulator. A VFSC licence shows a company exists and is registered there, but supervision is light and client protection is minimal.
What is a MISA licence worth?
The Comoros Mwali International Services Authority is not a genuine financial supervisor. A MISA licence is cheap to obtain and gives essentially no real protection to traders.
Is GT Markets a clone of another broker?
We found no evidence that GT Markets impersonates a well-known regulated firm. It discloses its Pure Market and Pure M Global links openly, so we do not classify it as a clone.
Is GT Markets the same as GT Trader?
No. GT Trader (gt-trader.com) is a different website with a Swiss address, and it carries FCA and Australian warnings. Those warnings are not about gt-markets.com.
What should I check before depositing with any broker?
Confirm the licence number on the regulator's own register, prefer tier-one regulators such as the FCA, ASIC or CySEC, test a small withdrawal early, and be wary of pressure to deposit more or accept bonuses.
What do I do if I was scammed by GT Markets?
Gather all records, request your funds in writing, and report the case to your local financial regulator. Contact your bank or card issuer about a possible chargeback, and avoid recovery services that demand upfront fees.
What we recommend
The practical takeaway from everything above.
Treat GT Markets as high risk and act cautiously.
- Do not deposit money you cannot afford to lose. Offshore VFSC and MISA cover will not get your funds back if things go wrong.
- If you already have funds there, request a full withdrawal now and keep written records of every request and reply.
- Be sceptical of the all-positive Trustpilot page and of any account manager encouraging larger deposits or bonuses.
- Prefer brokers regulated by a tier-one authority such as the FCA, ASIC or CySEC, which offer real protection and compensation schemes.
- If you believe you were misled, report it to your local financial regulator and your bank or card provider.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed August 9, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.