Trading financial instruments is not a new concept, but it is one that has caught fire recently. The market had its fair share of traders, but in these times when people are looking for new ways to earn money or supplement their income, it has attracted a lot of attention. The most appealing feature of the trading space is that it is open for everyone; whether you have any background in the financial markets or a complete novice, no one will stop you. The only requirements that you have to meet is the ability to invest some capital and be open to taking some risks.
As long as you don’t have a problem with that, you will come across a ton of opportunities that you can explore in the trading world. There are literally thousands of financial instruments spread across different assets that can be bought and sold for profits. As a matter of fact, some of the richest people in the world made their fortunes via these markets. You can start trading right from the comfort of your home and set your own timings, as per your schedule. But, in order to begin, there is one thing that you need to do first; find a broker.
You will need the services of a broker to begin your trading journey because they will provide you with the trading platform, tools and resources. As the popularity of the trading market has increased, the number of brokers has also gone up to fulfill the increasing demand. This means that you will have numerous options at your disposal when you are looking at brokers. Nonetheless, this doesn’t mean that you can make your choice without putting any thought in it. Just like any other decision you make, this requires careful consideration.
GTlot
The choice of a broker can have an impact on your bottom line and on your overall trading experience as well. When you consider every aspect before making this decision, it can help you choose the broker that’s most-suited to meeting your needs. Amongst the various options that are currently in the market, you will come across the name of GTlot. This broker may not have been around for very long in the market, but it does provide a dependable and secure trading environment. The broker was founded in Amsterdam, Netherlands and also have a physical office in the country.
They are a registered broker, which does work in their favor, but the question is how GTlot can help you in having a smooth trading experience? The best way to understand this is by weighing the different features and services of the broker because they provide an insight into their capability. Let’s get started:
Assets to Trade via GTlot
Perhaps, the first and most important feature of any brokerage is the trading products they offer. After all, the primary purpose of a trader is to buy and sell assets and they should know what options they will have at their disposal before choosing a broker. Some traders have an interest in a specific asset and want to make sure it is available while others may prefer to have a mix of options provided by one broker so they don’t have to use different brokers for different assets. GTlot falls in the latter category, as you will find a wide array of trading products when you choose this broker.
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You will access 300+ trading instruments at GTLot, which are divided into various categories, allowing traders to add whatever instrument they want to their investment portfolio. Traders are given the choice of trading shares in the stock market, which is known for providing solid returns. You can trade shares of companies like Microsoft, Microsoft, Google and Apple. There are indices available, which include NASDAQ, S&P500, Dax 30 and Dow Jones. If these do not have your interest, you can step into the profitable forex market, which involves trading currency pairs. There are major currency pairs, which are in heavy demand, minor ones that have a stable demand and exotic ones that are quite volatile. You can choose pairs that are in accordance with your risk tolerance and trade as much as you want.
Commodities are another asset that you can trade with GTlot and there is plenty of variety in this category. You can try agricultural commodities like coffee, corn, cocoa, wheat and soybeans, precious metals like silver, platinum, gold and palladium and even natural energies like gas and crude oil. These are known for providing small yet regular returns to traders. The broker also offers some bonds that traders can invest in. With these options, you have the freedom to diversify your portfolio to minimize your risks and make the most of your investment.
The Trading Solutions at GTlot
Once you have determined that a broker offers the assets you wish to trade, you need to take a look at their trading solutions. Even the greatest variety will not be able to make up for the lack of features in the trading platform of the broker. This is the software that is used for trade execution and portfolio management and if it is not easy to use, it can lead to a disaster for traders. Since you will spend most of your time on this platform when you are trading, you should ensure it is up to the mark. Different brokers will give you different platforms to use and it is up to you to decide which one you are comfortable with.
At GTlot, there are two trading solutions you will find. The first one is their own proprietary web trading platform. It has been developed to offer cross-device functionality and does not have to be downloaded or installed anywhere to be used. As the name indicates, it works through the web browser, which is definitely useful because it means that traders don’t have to worry about its maintenance or security. The broker takes full responsibility of updating the platform and allows you to focus on your trading.
The web-based platform developed by GTlot is easy to use, but is powered by cutting-edge technology. It supports one-click trading and offers quick trade execution to help traders in taking advantage of market movements easily. They have also incorporated some advanced trading tools to the platform that can be useful for traders in predicting market movements, so they can make decisions accordingly. You will find advanced charting functionality that can be used for identifying patters and trends and you can trade right on the chart.
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In addition, access to the latest market news is also given to know what is happening in the market. Live price alerts are given, along with some useful indicators. There is not a big learning curve to worry about with GTlot’s trading platform and this is its biggest appeal. Along with this trading platform, the broker has also added mobile trading solutions. These can be downloaded on iOS and Android devices, depending on the one you use. They give you flexibility because you can trade from anywhere and control your account with minimal fuss. The broker has added some tools to the apps as well to enhance their functionality.
Opening an Account with GTlot
After ascertaining the assets and the trading platform you will have available when you choose a broker, your next step would be to open an account with them. You should only take this step if you are satisfied with what you have found or else you will end up regretting your decision. To open an account with GTlot, you first need to register with this broker. There are no setup charges involved here and you can do it for free. There is a form on the website that you will have to complete to register and open an account. It only asks for some basic details like your first and last name, email address, password, phone number, location and your time zone. It is also necessary for you to accept the broker’s Terms and Conditions to move forward.
After the registration process is complete, you will be able to check out the account options that GTlot is offering. There are three account types they have created and they come with different features, depending on the traders they have been designed for. Take a look at the options below:
- Beginner Account: As the name highlights, this account is for newbie traders who don’t have any experience in the market. They have to meet a minimum deposit requirement of €250. With this account, they can trade all assets that GTlot has to offer, get access to live market reports and also attend webinars conducted by experts.
- Advanced Account: Next up, GTlot’s account offering is for intermediate traders and they have to deposit at least €5,000 to open it. With this account, traders will be able to access the online academy offered by the broker, benefit from the advice of an expert advisor for three months, consult a dedicated account manager and also attend three one-on-one live sessions.
- Expert Account: The third and last account at GTlot can be opened with a minimum deposit of €20,000. The target market of this account is obvious from the name i.e. expert and skilled traders. A live trading room is provided under this account and expert advisors can be used for as long as you want.
Making Deposits and Withdrawals at GTlot
After you have made your account selection, your next step is to make the required deposit and then start trading. To add funds to your account and to withdraw your profits later, you have to check out what payment solutions a broker can offer. GTlot has added different options to their trading platform and you can check them out to choose one that works for you. These choices include:
- Debit or credit card, including Visa, MasterCard and Maestro.
- Online e-wallet options like Neteller, Skrill and WebMoney.
- Bank wire transfer
You can choose any of these methods for both deposits and withdrawals. However, you should bear in mind that the fee and processing time of every method will vary. In most cases, deposits are free of costs, but withdrawals do incur charges.
Security Measures at GTlot
The money you deposit with a broker and the personal information you share with them needs to be kept safe to prevent any disastrous consequences for you. In order to do so, every broker has to take some security measures. At GTlot, your information is protected through high-standard encryption technology that encrypts all information as soon as it is shared. As this broker is regulated, it also follows the KYC (Know Your Customer) and AML (Anti-Money Laundering) policies. The aim of these policies is to verify every trader through documents. The requirements of these policies include:
- Proof of identity, which is given by submitting a copy of any government-issued ID. This can be a driver’s license, a national ID card or a passport.
- Proof of residence, which can be provided by submitting a copy of a bank statement, utility bill or credit card statement, showing your name and address.
These documents will be approved and you will be able to use your trading account without any problems. GTlot has also kept segregated accounts for its clients with some of Europe’s top banks. The broker’s accounts are kept separate to ensure that traders’ funds are only used for trading purposes and not for the broker’s own obligations.
Conclusion
Along with these features, GTLot has customer support that is available through different channels like email, phone and Contact Us form. Live chat is not available and this needs to be improved on. But, the agents are prompt, friendly and helpful. Educational resources are also available and they are quite thorough, which make them useful for beginners and experienced traders too. Putting all these offerings together indicate that GTlot can be a reliable broker for you to pave your way into the trading market in order to make profits.
