GTlot Review – For a Strong Start to Trading
Online trading has become one of the most popular trends these days and it is easy to see it if you take a look at the numbers. There are several reasons that have contributed to its popularity, the most prominent one being its high profit potential. With rising inflation and troubled economic times, everyone is looking for a way to generate substantial sums of money with minimum investment. You can easily accomplish this via trading as it enables you to trade a horde of financial instruments even with a small capital. In fact, you will come across plenty of stories about traders who invested a few hundred dollars and were able to earn millions.
It is a great opportunity to accomplish your financial goals and do it a lot earlier than you would otherwise. But, it is also important to know that it doesn’t come without its own pitfalls. To start trading, you first need to look for a broker. These brokers provide you the platform, tools and resources needed for buying and selling financial instruments and you cannot get started without one. When you begin your search, you will discover that the market is simply overflowing with brokers. Due to the popularity of online trading, the number of brokerages has doubled in the past few years.
While this variety should reassure you, the problem is that it has provided a chance to cybercriminals to scam people out of their hard-earned money. They have set up fraud and unregulated brokerages and incorporate features that can attract traders. Lots of people fall into this trap and end up putting themselves at risk. This has become even more common with the rise in cryptocurrency trading. As cryptocurrencies are unregulated, it is another opportunity for scammers to exploit people. Therefore, traders need to be very careful when they are looking at brokerages to ensure they don’t get trapped.
Not all brokerages are shady or scams; there are some reliable and good brokerages out there as well. They offer comprehensive services and provide excellent trading conditions to facilitate their clients. One of these brokerages is GTlot. This broker may be relatively new, due to which some traders might hesitate in signing up, but if you do your homework, you will come to know that it doesn’t fall in the scam category. With an office in Amsterdam, Netherlands, GTlot is catering to traders all over the globe and has created a strong and robust trading environment for its clientele.
How can you be sure it is not one of the fake brokerages out there? The best way to figure this out is by checking out the brokerage thoroughly. Shady brokers usually don’t provide any clear information and are vague about their offerings. They also tend to make big claims, but don’t have any evidence to back them up. As long as you take a close and detailed look into their workings, you will be able to see if they are a good option or not. GTlot will definitely tick all the boxes when you check them out. Let’s see what they are offering:
- Great opportunity for portfolio diversification
As mentioned earlier, trading doesn’t come without its share of risks. Just like you can make thousands of dollars quickly, you can lose them at the same pace. A single trade can wipe out all your capital and you will be left with nothing, if you make a mistake. So, how do you minimize this risk? This is where diversification comes in. When you invest everything in one financial instrument, you will be left with nothing if the trade goes south. But, if you have spread out your capital in several financial instrument, you will be able to minimize your losses. How? In the trading world, when one instrument goes down, another usually goes up.
However, you should know that the only way you can diversify is if the broker you choose gives you a range of financial instruments to choose from. This is exactly what GTlot does. Most people think that the broker only offers cryptocurrencies, but the truth is that they have added a plethora of trading instruments to their asset index for the convenience of their clients. It is true that GTlot facilitates cryptocurrency trading and has added a massive number of coins that can be traded, but they have also mixed things up by adding other financial instruments.
If cryptocurrencies have drawn you to GTlot, you can choose from some notable options like Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Ripple, Monero, NEM and more. If you want to try your luck with other trading instruments like forex currencies, then you can choose between major and minor currency pairs. Likewise, GTlot has also added stocks of various companies in different industries, bonds, commodities including soft and hard commodities as well as some of the world’s top indices. With so many options to choose from, you can rest assured that diversifying your portfolio will be quite easy and you can maximize your profits and control your risk.
- Good security for peace of mind
Just because a broker is offering lots of assets is not a reason to ignore other features and services that it has to offer. As a matter of fact, one of the most important aspects that needs to be taken into account is their security features. If you have kept up with the market, then you are probably aware that there have been numerous incidents that involved loss of sensitive information or funds that were deposited. A number of brokerages have had to deal with such cyber threats and have had their systems compromised by hackers and other criminals. This is undoubtedly worrying for traders because it means that they are exposing themselves to a lot of risks when they opt to trade online.
Does this mean you shouldn’t? No, it simply means that you need to check the security infrastructure of a broker before you decide to open an account with them. Every brokerage is aware of the security issues in the market and if your chosen brokerage has not taken them into account and implemented strategies to counteract them, then it is best to continue exploring your options. GTlot doesn’t fall in this category because this broker understands the concerns that traders may have regarding security and has come up with proper policies to get a handle on things.
Firstly, fund security is ensured by GTlot through account segregation; accounts of the brokerage and traders are kept separate so funds are not mixed and no one can access them without authority. Even if the broker goes bankrupt, traders will be compensated because their funds are not used for paying off any of the broker’s obligations. To ensure identities of clients are not stolen, the broker has opted to use high quality encryption and every single communication is immediately encrypted to prevent outsiders from accessing any of it.
Along with these measures, GTlot is also compliant with the KYC and AML policies, which are Know Your Customer and Anti-Money Laundering, respectively. The goal of these policies is to ensure that no shady individuals can sign up with the broker and no illegal activities can be conducted through their platform either. As per the KYC policy, traders are required to give proof of identity, which is done in the form of documents like passport, a government-issued ID card or driver’s license. Proof of address also needs to be provided, which is given in the form of bank statement, utility bill or any other document that shows your name and address. Make sure the document is not more than three months old.
The AML policy, on the other hand, requires traders to use accounts in their own name for making deposits and withdrawals. Third-party accounts are not allowed for preventing any illegal activities on the platform. In addition, traders are required to be consistent in terms of the payment method they use for deposits and withdrawals. With such good security measures, GTlot is able to provide peace of mind to its clients and they can trade without constantly fretting about their funds or identity being compromised.
- Easy-to-use platform for convenience
A broker’s trading platform is also a factor that should be part of the decision-making process. Traders that don’t consider it when making their decision often regret it later if the broker’s trading platform turns out to be difficult to use or has a lot of flaws that can make the trading process a burden. Not all trading platforms are the same and cannot provide the same level of performance. Some may have security issues, may be too slow or crash frequently and some just don’t have the trading tools that can make a difference. There are plenty of traders out there who have made such complaints about the trading platforms offered by brokerages.
Aware of all these complaints, GTlot decided to invest a great deal of time and effort when developing their trading platform and the fruits of their labor can now be seen by everyone. Their proprietary trading platform is easily accessible through their website, which means no downloads or installations needed. But, this is not where the convenience stops. The fact that the platform needs a browser and internet to run, the trading platform automatically offers cross-device functionality; you can use it on your desktop, laptop or even your mobile devices if you want.
As far as the features of the trading platform are concerned, GTlot has used the most advanced technology for powering it and yet its user-interface remains simple and easy-to-use. Traders don’t have to worry about any complexities because there aren’t any. The trading platform allows you to trade a wide array of trading instruments from a single platform and gives you access to a multitude of tools that can make it easier for you to go about it. Different kinds of charts are available that help you track market movements of different assets in order to identify trends.
In fact, traders can trade from the charts directly. The platform also provides access to market news so traders are able to make quick and informed decisions that work in their favor. If this isn’t enough, GTlot has added more convenience by offering mobile apps for Android and iOS devices. Even though the web-based platform is flexible and can work on mobile devices, the broker is dedicated to make trading as convenient as possible for their traders. The mobile apps also come with several features and tools that can come in handy for traders because they can have full control over their trading accounts and trade on the go.
- Registration process that takes a few minutes
Amongst the complaints that traders make regarding brokers, one is about their lengthy and complicated registration procedure. They add a lot of unnecessary requirements that can often make the process time consuming and make it more complicated than it needs to be. In fact, some traders find this such a big turn off that they quit halfway and don’t bother completing the process. Some of the things asked for are irrelevant and don’t make a difference in regard to trading. You need to be cautious if the broker is asking for too much information because that’s a red flag in itself.
Some basic information is required, but if they ask for too many details, you need to look at other options because this could be an attempt to steal your identity. GTlot has kept their registration process easy and fast; it doesn’t take more than a few minutes for any trader to fill out the form provided on the website and they will be able to create an account easily. All you have to do is visit the broker’s website and create an account. They will provide you with an online form that needs to be filled out. Only relevant information is required by the broker, which doesn’t take long at all.
You have to provide your first and last name, email address and password, phone number, location and then choose your account currency. The broker gives you two options to choose from; BTC and USDT. You can choose either of the cryptocurrencies, as per your preference. You need to agree with GTlot’s terms and conditions, which are also provided on the website. Lastly, you need to confirm that you are above 18 and then you will be registered with the broker. There is no need to wait for account approval as the process is instant and you can start trading straight away.
- Conventional and modern banking options
After you have opened an account with the broker, you will obviously have to add funds before you can trade. You are free to deposit as much as you want; this amount will depend on your risk tolerance. For beginners, it is recommended that you start small and gradually increase the amount once you become familiar with how everything works. But, in order to start, you have to deposit funds and to do that, you need to consider what banking options are at your disposal. Similarly, once you trade and make profits, you will have to check how you can withdraw them.
If you go with GTlot, you will be pleased to know that the broker has provided a combination of conventional and modern banking solutions for the ease and convenience of its traders. The broker understands that some traders prefer the traditional, even if it is time consuming, because it offers security. This includes bank wire transfer option. Some traders prefer to keep up with the trends and opt for quick and modern solutions like debit and credit cards. The broker supports plenty of these like Visa, Visa Electron, MasterCard and Maestro.
Traders have also begun to give preference to e-wallet options because they are also fast and convenient and also don’t cost a lot. These include Skrill, WebMoney and Neteller. The broker is upfront about the costs involved in each option and the minimum requirements that have to be fulfilled. All this information is available on the website and you can weigh the pros and cons of each before making a decision.
- In-depth educational resources are compiled
When you are new to the trading world, there is a lot to be learnt. There are trading terms, terminologies and other jargon that needs to be understood. If traders don’t learn that, it could set them back a long way because they will not be able to comprehend how things work. Moreover, they also need to know how to create trading strategies and what indicators and signals to follow. Most people turn to the internet to find this information, but the problem is that not all information is reliable and accurate. Some of it may even be outdated and no longer relevant. If you make a mistake, it could cost you significantly and this is something everyone wants to avoid.
Even experienced traders need to continue the learning process because things are constantly changing in the trading world and they need to keep up with the trends in order to survive. Considering these factors, GTlot has created an Education Academy for their traders where they can find up-to-date and detailed information about trading. Whether you are a beginner looking for reliable and useful information or you are a skilled trader interested in knowing the latest happenings, GTlot has something to offer to you. The broker has tapped into the expertise of its team to compile some of the best trading resources you can find these days and the content is provided in different forms.
Traders can choose to read e-books on different trading related topics or they can attend online video courses. There are tutorials and also webinars that are conducted by professionals. Every aspect of the trading world is explored and information is provided in great detail for helping traders learn how to make successful and profitable trades.
- Customer support is at its best
There are different steps and processes involved in the trading process and while you are completing them, it is possible that you have questions about how things are done. Who do you ask? Sure, you can Google, but there are some things that are specific to brokerages and only they can provide the answers. This is where customer support is relevant and every broker claims to provide the best. However, your focus should be on finding out how true these claims are because if they are not being honest, you could get stuck somewhere and not be able to go about trading.
This results in opportunities flying by and could even contribute to your losses. Hence, it is not something you should ignore. GTlot knows the value of good customer support and has made a great deal of effort to provide the very best in this regard. Their customer support representatives can be reached out through several channels include email address or an online contact form. For urgent queries, the broker has given a phone number and scheduling call backs is also an option that traders can explore.
As far as answers are concerned, GTlot’s representatives are quick and knowledgeable. They know the market and can provide you with effective and efficient solutions that will resolve your problem right away. They are also quite friendly and explain everything to you step-by-step to ensure you don’t have any trouble understanding how things work.
Along with these features, GTlot has also provided their clients with solid trading conditions that can help their bottom line. The broker is transparent about its fees and other charges, which means you don’t have to worry about any surprises later on. When you choose this broker, you can expect to get more than 200% returns on your initial investment, something that other brokerages may not be able to offer. The payouts add to the appeal and make GTlot a good brokerage for traders in the long-term.