GTlot Review – Knowing the Ins and Outs

Ed Barker
Authored by Ed Barker
Posted: Thursday, February 4, 2021 - 17:34

The technological boom of the 21st century transformed our lives to say the least. In the last few decades, things have changed drastically not just in our personal lives, but in the business world as well. From brick-and-mortar stores, businesses have now moved online and have expanded their offerings by a huge extent. Almost every industry has experienced change in one way or another and the financial landscape is no different. The financial markets have also gone digital and one of the biggest additions that can be seen is that of online trading. In the last decade alone, cryptocurrencies have promoted online trading beyond expectations.

There are millions of people all across the globe who are participating in these markets and are using the opportunity to trade thousands of financial instruments. This is due to the fact that there is a lot of money to be made in this space and not many restrictions when it comes to who can and cannot move into this space. Even if you don’t have any knowledge, education or experience, you can still jump in and begin your trading career. The only basic requirement that you have to fulfill is finding a broker that can cater to you.

You will find out soon enough that even this is not a very big problem because a ton of companies have been established to provide trading services to anyone who is interested in trading. While this means that you have plenty of options to explore, it can also create some challenges. Most people don’t know how to sort through the options in order to find the platform that will suit them. It is important to make the best choice because the broker will determine your overall experience, along with how much profits you make. But, the options can be quite confusing.

Moreover, there have also been reports of some companies turning out to be shady and even scams that skipped off with their clients’ funds. You wouldn’t want to opt for any such firm because it puts you at risk. Therefore, before you have finalized your choice, it is best to know the ins and outs of the company you are considering. You will find a range of options and GTlot is one that will pop up repeatedly. Operating out of Amsterdam, Netherlands, this brokerage was founded by Major Technologies LTD, which is a registered entity in St. Vincent and the Grenadines.

This gives you reassurance that it is not a shady broker and is actually a legitimate company that specializes in offering trading services to traders in different countries. But, there are some other things that you still need to know about GTlot. What are they? Read on to find out:

  • Does GTlot ensure fund safety?

If you take a look at statistics, you will come to know that cybercrimes are on the rise and there have been countless incidents where people have had their money stolen by hackers and scammers in one way or another. When you decide to participate in online trading, you will be investing your hard-earned money with the hope of earning more. Obviously, you want to achieve this goal rather than have your funds stolen by cybercriminals. To ensure it happens, you have to look for a broker that keeps your funds safe.

With GTlot, you will find that they have opted for account segregation, which means client and company accounts are maintained separately. Hence, all deposits made by traders are only used for their trading activities and not used by the company for their own purposes. Even if the broker goes bankrupt, the funds are returned to customers. Also, they store funds with reputable financial institutions to prevent them from being stolen.

  • Does GTlot protect your information?

While money is the primary target of most cybercriminals, it is not the only one. Information is also a hot commodity and can be used for a number of illegal activities. Using a broker’s services means you have to share personal and sensitive data with them that can be stolen and misused by criminals. This information needs to be protected as well and GTlot has taken the appropriate steps to do so. First and foremost, you will find that they have a Privacy Policy in place on their platform, which details exactly what information is accumulated and how it is used.

They also reassure their clients that their information is not sold, shared or licensed to any third-party without their consent. GTlot has also taken advantage of high-end SSL (Secure Socket Layer) encryption, which can keep all data and communications safe. Even if hackers are able to gain access, the information will be useless to them because it will have to be decrypted first in order to make sense, which cannot happen without a decryption key. The broker also recommends that traders use strong account passwords for keeping their trading accounts safe.

In addition, you will also discover that international security policies like KYC (Know-Your-Customer) and AML (Anti-Money Laundering) have also been implemented by GTlot as another security measure. These policies are designed to prevent financial fraud, identity theft, money laundering and terrorist financing. How do they accomplish this? They ask traders to provide proof of ID, such as international passport, an ID card or driver’s license, and proof of address, like a utility bill or bank statement. In this way, no illegal or fake accounts can be created on their platform.

  • Does GTlot lets you diversify?

Even if you have basic knowledge or trading and don’t have experience, you probably know that diversification is the key to minimizing risks. It doesn’t just apply in the trading world, but is applicable in almost every industry. Spreading out your investment can reduce your possibility of losses and increase chances of profits. When it comes to the trading market, it means that you have to invest in different types of trading instruments, which have different levels of volatility thereby offering you more returns and keeping your risks mitigated.

In order to accomplish this goal, you need a broker that can give you access to a variety of assets. GTlot is a good choice because they have more than 300 trading instruments in their asset index. The best part is that these instruments are from different financial markets, so you will be able to dip into each and diversify your portfolio, as per your risk appetite and tolerance. Check out the markets you can invest in:

  • Commodities are a popular option that you will find, which include soft commodities like sugar, wheat, corn and coffee and hard commodities like gold, silver, aluminum and copper. These can offer you small, yet regular returns, as they tend to be less volatile.
  • If you are looking for high volatility, cryptocurrencies are the way to go and you can find lots of choices to try out in this space. Bitcoin, Litecoin, Ripple, Monero, Bitcoin Cash, Ethereum and NEM are some options available.
  • Having a daily trading volume of more than $5 trillion dollars, the forex market has countless opportunities to offer to traders. There are major, minor and exotic currency pairs that can be traded including EUR/USD, USD/NZD, EUR/GBP, USD/CHF, GBP/JPY and AUD/NZD.
  • The stock market is another financial market that’s brimming with options for every trader. There are numerous companies you can invest in and earn substantial returns and some of these include Apple, Netflix, Facebook, PayPal, Amazon, Microsoft, Aurora, VISA, AT&T, Pfizer and Google.
  • You trade individual stocks in the stock market, but indices allow you to trade stocks in bulk. There are a number of profitable indices that can be invested in, such as S&P 500, FTSE, NASDAQ, Dow Jones and Nikkei.

Along with these markets, GTlot has also added ETFs and bonds to their platform.

  • Does GTlot offer a good trading platform?

The trading platform is the most prominent feature that a broker offers to its clients. To put it simply, it is the software used for executing trades in the financial markets, monitoring them and keeping up with the changes. No two trading platforms are the same and they can play a major role in your overall trading experience. Every company offers a different kind of platform and GTlot has also developed their own that they offer to their users. But, you need to know what kind of platform it is and whether it can do the job or not.

You will come to know that an online trading platform is provided, which means it is accessed via the GTlot website and doesn’t have to be downloaded or installed. Since you need a web browser and an internet connection to use the platform, it can be used on any device that supports both, whether it is a desktop, laptop, tablet or your smartphone. Powered by cutting-edge technology, the trading platform boasts a highly intuitive user-interface, which makes it easy to navigate and use for every trader. Even if you are a beginner, you will still be able to navigate the platform without worrying about a learning curve.

The technology allows immediate trade execution and one-click trading, which can simplify the process. You will also find a plethora of trading tools provided by GTlot that can help traders in fine-tuning their decisions to maximize their profits. These tools include interactive and live charts that can be used for directly making trades, price alerts, trading signals, technical and fundamental analysis tools, economic calendar, different order types, and the latest market news.

  • Does GTlot offer mobile solutions?

In today’s day and age, people are using mobile devices for pretty much everything and trading is no different. You want to be able to trade on the move, no matter where you are. This means having access to mobile trading solutions and GTlot has obliged its clients in this regard. They have especially developed mobile trading apps for iOS and Android ecosystems and can be downloaded on smartphones and tablets alike. They provide you access to your trading account regardless of what day or time it is.

This empowers you to take advantage of even the smallest movements in price and monitor your trades round the clock. Moreover, you should also note that GTlot has added a horde of tools to these mobile solutions as well and has designed them to deliver a streamlined trading experience.

  • Does GTlot offer support?

You can determine a company’s dedication to its clients by taking a look at the kind of support it provides to them. In the trading world, support is imperative because even small issues can result in high losses, which you want to avoid. Subsequently, taking a look at the support offered by a broker can help you make the right decision. With GTlot, you will come to know that the company has created a full Trading Academy where it provides its clients with access to a variety of learning and educational material and resources. Their purpose is to help their clients navigate the ins and outs of trading, as this can minimize the risks and improve their chances of success.

Apart from that, if you have any trouble during the trading process, GTlot has also created a robust customer support department for assisting you. There are a number of ways through which you can reach their helpful and friendly team, which is available 24/6. Traders are free to contact them via email or give them a call. Both these details are provided on the Contact Us page of their website. You can also choose to schedule a callback from their agents by filling out the contact form that you will find here. In this way, you can get the assistance you are seeking as quickly and as conveniently as possible.

Once you learn the ins and outs of GTlot, it becomes easier for you to make up your mind and see that they are a dependable broker that can offer you an optimal trading experience in the financial markets.

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Comments

For those of you who are considering investing money in companies without Financial regulation behind them, you have been WARNED.

If you like to know you can call your contact and the company for help when it is really needed, don't use GTLOT.

If you like to know that a quick and professional response will come when there is an issue with your portfolio caused by frequent glitches and system faults with their platform, don't use GTLOT.

If you want to know that once you lose your main account manager, someone else will quickly be in touch to offer themselves as your point of contact, don't use GTLOT.

If you are used to providing clear and concise proof related to faults and errors within a company's systems that have caused you to lose a good deal of money, and each piece of evidence is backed up with timed and dated photographic evidence to make sure the company can review and then resolve your grievance by crediting you back your loses, don't use GTLOT.

They don't own or manage their own trading platform and it is vulnerable to glitches that will put your investment at huge risk when it goes wrong.

They don't provide a landline number that is working, so you call during opening hours and actually speak with someone. Incredible but true.

Their 'account managers' don't last long when appointed to you and it's a nightmare to get anyone to answer you when things go wrong. And, things GO WRONG.

Considering the substantial amount of money I had at risk with them, I was extremely lucky to get out with a 20% loss and it was only sheer patience and the ability to keep every ounce of data I had accrued, that kept me from losing much more.

Anyone reading this, I have taken the time to warn you. If you decided to ignore this, don't look in the mirror and say: 'I didn't know it was going to be that bad'