Home Finance GTlot Review – Is it a Reliable Option?

GTlot Review – Is it a Reliable Option?

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Trading in the financial markets is a very profitable opportunity, one that people have been indulging in for centuries. There are a lot of individuals who accumulated their wealth through these markets over the years and had successful trading careers. But, it was also widely known that the trading markets weren’t for everyone because there was a lot of experience, education and risk involved. For a long time, this remained true and even though people wanted to get a taste, they didn’t make a move. But, things changed with the internet, as it has brought these markets right at our fingertips.

With online trading one of the biggest trends in the world, people have entered the financial markets in droves and are continuing to do so. The most appealing part is that there are countless opportunities in these markets, so you don’t have to worry about them running out any time soon. There is always money to be made and someone else’s loss can be your gain. With online trading, you don’t need to have a huge amount of money, any experience or even anything more than a basic knowledge of trading to get started. The only essential ingredient you need is a broker.

They have been part of the financial markets from the get go and have remained an important element, even in today’s digital world. These are the companies that provide you with trading services and the good news is that you will have a multitude of options to choose from when you are interested. As online trading has seen an influx of traders, the number of companies catering to these traders has also increased tenfold. This is certainly beneficial because it gives you room to find a competitive option that can offer you the best trading conditions, but it also comes with some cons.

The fact is that not every broker is created equal and like every other market, this one also has its share of good and bad options. While some companies fall in the first category, there are also those that are part of the second one and this is something you need to be cautious of. These are companies that make false promises and misleading claims to attract you and can leave you high and dry. No one wants to face such a situation and the only way to ensure it doesn’t happen to you is to do your homework when you take a look at a company.

One name that you will find is GTlot, a broker that was launched by Major Technologies LTD and is operating out of Amsterdam, Netherlands. On the surface, the company appears to be a solid choice, but in order to find out whether it is reliable or not, you need to assess it carefully. Find out what you need to know about it:

Trading Products at GTlot

When it comes to finding a reliable broker, you should know that looking at their trading products can give you a good enough idea. Many companies claim to offer their clients a variety of instruments, but you come to know after you have signed up that it is not true. Hence, it is better to check beforehand in order to ensure that they do offer the promised variety and that this includes profitable options. At GTlot, you are promised more than 300 trading products to invest in and the company delivers exactly that. They have put together these options that belong to various financial markets, allowing traders to diversify their investment portfolio.

What are these trading products? Take a look:

  • Cryptocurrencies

Perhaps, the most popular financial instrument in today’s market is cryptocurrency. They can provide high profits to traders because of their volatility and you will find options like Bitcoin, Ethereum, Litecoin, Bitcoin Cash, NEM, Monero and Ripple at your disposal.

  • Forex

If you don’t want to start with digital currencies, you can go with fiat ones that are available in the foreign currency markets. You can trade from hundreds of currency pairs, like EUR/USD, USD/JPY, AUD/NZD, GBP/JPY, EUR/GBP and USD/AUD.

  • Stocks

Anyone with even the slightest interest in trading is aware of the stock markets where you buy and sell stocks of prominent companies for profit. There are numerous companies to explore, such as Apple, Aurora, Netflix, Google, Amazon, Visa, Microsoft, Pfizer, BMW and PayPal.

  • Indices

Very similar to the stock market and a lucrative option for traders to explore, the indices market can also offer high returns. There are some very popular indices like FTSE, NASDAQ, Dow Jones, S&P 500 and DAX that can be traded.

  • Commodities

Another market that you can access is the commodities market, which comprises of precious metals like gold, silver, platinum and palladium and agricultural products like copper, wheat, corn, sugar and soybeans and energies like natural gas and Brent crude oil.

Registration Process at GTlot

When you have to use any online service, you are asked to register with it and the same applies to trading as well. In order to use the trading services provided by a broker, you have to complete a registration process to open an account with them. There is no specific format or steps that have been outlined, so every company comes up with their own. The problem is that some of them involve a lot of paperwork, documentation, contracts and even approval times, which can make it complicated and time consuming. You want to be able to start trading and this is something GTlot allows you to do.

In order to register with them, you have to go to their website and choose the ‘Open Account’ option that you will find on the far right. As soon as you click it, a short form opens up that you need to complete. This will not take you more than a couple of minutes because the form doesn’t ask for any such details. You have to provide your first and last name, an email address, choose your country, enter your phone number and then select the account currency you wish to use for your deposits and withdrawals. GTlot has given you the option to choose from USD, EUR and GBP.

Before you can move forward, you are also asked to agree with GTlot’s Terms & Conditions. If you have any doubts or concerns, you can go over the conditions mentioned on the website to reassure yourself. The last step is to confirm that you are at least 18 and that you have shared authentic information with the company. The registration process is now complete and your account will be open.

Banking Solutions at GTlot

Investing money is one of the most important parts of trading because the only way you can earn returns is after you have made an investment. After you have opened your account, you will obviously have to add funds in order to make your first trade. To make this happen, you need to know what banking solutions are provided to you at GTlot. Knowing these is important because it will also tell you how you can withdraw your returns in the future. Every company offers different options and not all might be easy to use and safe.

As far as banking solutions at GTlot is concerned, you will find that they have added a combination of modern and traditional options that traders can explore, according to their ease and preference. You can use e-wallet solutions that are becoming very popular due to their quick nature, such as Skrill, Neteller and more. Bank wire transfers are also trusted by some because of the high level of security they have to offer. There is also the choice of debit or credit cards and a number of these are supported here, such as Maestro, Visa Electron, Visa and MasterCard.

Trading Platforms at GTlot

The focus of a broker’s trading services is their platform, which is primarily used for trade execution in the markets. It provides the connectivity, tools and features that are required for buying and selling different financial instruments. You should know that trading platforms can vary from company to company and since most of your time will be spent using this software, it is necessary to know what kind of option you will be provided. A broker that doesn’t provide a functional and innovative trading platform is suspect because it is their core offering and should be of the highest standard.

If you take a look at the trading platform at GTlot, you will discover that they have combined simplicity with state-of-the-art technology to introduce an online trading platform. This eliminates the hassle of having to download the software on any device because traders can access it via the browser. In this way, the platform offers cross-device functionality because you can use it on your desktop, smartphone, tablet or laptop seamlessly. Superior trade execution and one-click trading are also prominent features of the platform.

As far as trading tools are concerned, the online platform has been equipped with some of the best ones by GTlot. Traders will be able to use advanced charts, price alerts, trading indicators, fundamental and technical analysis tools and various order types. They are also given access to live market updates and latest news to help them keep up. For facilitating their clients even more, mobile trading apps have also been developed, which can be downloaded on iOS and Android devices. With these apps, traders can enjoy flexibility because they can trade from anywhere and anytime. The apps are easy to navigate, thanks to their simple interface and give you control of your trading accounts 24/7.

Security Features at GTlot

If you want to assess the reliability of a brokerage, the best way to go about it is to check out their security features. Trading online doesn’t come without its risks because your information and your money is vulnerable to cybercriminals and it is the company’s job to provide as much protection is possible. GTlot is committed to creating a safe trading environment, which is apparent when you take a look at their security features. The website uses 256-bit SSL (Secure Socket Layer) encryption, which is the highest level available, and it can keep all sensitive data protected.

You will also find that segregated accounts are kept by GTlot for storing their clients’ funds and they do not mix their own with that of the traders. In case of bankruptcy or the broker shutting down, your funds will be returned to you. The well-known KYC (Know-Your-Customer) and AML (Anti-Money Laundering) policies are also followed on this platform. These policies require traders to provide proof of ID and residence, as it can help in reducing the possibility of financial fraud, identity theft, terrorist financing and money laundering.

A Privacy Policy is also in effect on GTlot, which highlights what information is collected and why, reiterating that no third-parties are given access to your data without your permission.

Customer Support at GTlot

Last, but not the least, the customer support of a company indicates whether you can depend on it or not. Every professional company would be aware of the importance of assisting clients when required and GTlot clearly does because they have established a proper support department. Their team is available 24/6 to provide solutions and assistance to their clients in any aspect. You can get in touch with their agents in a number of ways.

You can visit the Contact Us page on GTlot’s website, where they have provided details about the respective channels to be used. You will find an email address, a phone number and a web contact form that can be used for scheduling a callback. It is up to you to decide which option you want to use. You will receive a response as promptly as possible.

When you dig into these aspects of GTlot, it is easy to determine that it is a reliable and trustworthy broker that can provide you efficient trading services.