Thinking of launching a career in online trading? You are not alone. Hundreds of thousands of people are rushing to the financial markets because of the immense profit potential they have and the ease with which they can be accessed these days. There are also thousands of instruments that can be traded, meaning that people don’t have to worry about running short of opportunities to earn. Moreover, the high returns mean that you can achieve your financial goals a lot more quickly and can secure your future. Isn’t that what everyone wants? Thanks to technology, trading in the financial markets has been made simple for everyone.
Nonetheless, this doesn’t mean that you don’t need to do anything. It is important to remember that trading is not just about looking at a bunch of charts and buying and selling instruments. You need to know how markets work, have proper knowledge and most importantly, use a good broker. Indeed, you have to find a brokerage to get started and it is not a decision that you can make in a couple of minutes. These companies provide traders with access to the markets, the software to be used and the tools that can come in handy. If they lack in any of these areas, your trading experience will suffer.
Hence, you have to be thorough in your search in order to find a brokerage that can fulfill all of these requirements. But, this is not the only reason to be cautious. The market is undoubtedly teeming with brokers that are more than willing to provide you with trading services, but this doesn’t mean that all of them are the same. Every company is different and you need to understand the differences in order to identify the one that can fulfill your needs in the best possible way.
This is necessary because there are some brokerages in the market that are not legitimate. These shady firms can turn out to be scams in the long run and result in losses for you that you want to avoid at all costs. Doing thorough research is one way that you can eliminate the possibility of opting for the wrong kind of firm. GTlot is one of the numerous names you will find in the market, operating out of Amsterdam, New Zealand, and was founded by Major Technologies LTD. It has been operating for a couple of years in the market and has earned itself a good reputation.
Nevertheless, this doesn’t mean that you opt for GTlot without thoroughly researching what it has to offer to you. What should you know? Some of the highlights are mentioned here:
GTlot’s Asset Index
The most important thing to know about any brokerage is their asset index. This will tell you which financial markets you can invest in because it will have a direct impact on your bottom line. If they offer you profitable trading instruments, you will be able to make more returns. At GTlot, you will discover that more than 300 instruments are part of the trading index and they belong to different financial markets. This is a big benefit because the combination of assets allows you to diversify your investment portfolio, which can mitigate the risks associated with trading and give you high profits. The instruments that you will find are:
- Forex: One of the most popular financial markets is none other than the foreign currency market, where you can trade different types of currency pairs. There are major pairs, minor pairs and even exotic ones. EUR/USD, USD/CHF, EUR/GBP, AUD/NZD, GBP/JPY and USD/RUB are only some of the options you can go with.
- Cryptocurrencies: If you don’t want to go with the traditional currency pairs, you can also try your luck in the digital currency market. The crypto market started with Bitcoin in 2009, but has expanded over the years to include a variety of options. It is also known for generating high profits and some cryptocurrencies you can trade include Bitcoin, Litecoin, Ethereum, Ripple, Monero, NEM, Bitcoin Cash and Ethereum Classic.
- Stocks: Traders also have the option of investing in shares of some of the biggest companies in the world. There are a number of opportunities available and stocks of companies like Amazon, Visa, Google, AT&T, Apple, Coca Cola, Microsoft, Netflix, Facebook and Aurora can be invested in.
- Indices: One of the most lucrative trading options you will come across these days is the indices market where there are tons of indexes to be traded. Some notable ones include the FTSE 100, S&P 500, Nikkei 224, Dow Jones, CAC 40 and NASDAQ.
- Commodities: Less volatile than others, the commodities market is also brimming with opportunities and give traders the opportunity of trading precious metals like gold and silver, agricultural products like wheat, coffee and corn and natural gas and crude oil in the energies aspect.
GTlot’s Security and Privacy
No matter how profitable the asset index of a broker may be, it will not be of any importance if the company doesn’t prioritize security and privacy of its clients. The online world is a very risky one, with cybercrimes ramping up on a daily basis. Your hard-earned money could be stolen, or cybercriminals can also compromise your identity and use it for illegal activities. While it is not possible to prevent this from happening altogether, the risks can be minimized as much as possible. When you sign up with a broker, you become susceptible to these risks because you have to share your personal information and deposit your funds with them.
This ensures that even if someone accesses the information, they will not be able to use it because it will be fully encrypted and not make any sense. GTlot also monitors their website routinely to prevent hacking attacks. Account segregation is another security measure implemented by the company for protecting the funds deposited with them by their clients. All your money is kept in separate accounts with top financial institutions for keeping them safe from any misappropriation or discrepancy. In case of bankruptcy, the funds are returned to the traders.
Apart from these measures, GTlot is also compliant with AML (Anti-Money Laundering) and KYC (Know-Your-Customer) security policies. These are in accordance with international standards and require traders to provide proof of ID, residence and payment in order to use the company’s services. This proof can be given by submitting a few documents. These documents include:
- A government-issued national ID card, driver’s license or international passport for proof of ID
- A utility bill, whether gas, water or electricity, or a bank statement for proof of residence
- A picture of the front and back of a credit or debit card that you want to use on the platform
The purpose of providing these documents is to prevent identity theft, financial fraud, money laundering and terrorist financing.
GTlot’s Trading Platforms
When you are looking at a broker closely and thoroughly, you need to take a look at their trading platforms. The final decision cannot be made without knowing what kind of trading platform you will be provided because it is the software that is used for trading in the financial markets. You open buy and close positions with this platform, know what is happening in the markets and get access to the tools. If the platform is too slow, lags or crashes frequently, it can make trading immensely difficult. Likewise, if it is too complex, it can ruin your overall trading experience.
A proprietary online trading platform has been developed by GTlot, which is accessed through their website and doesn’t have to be downloaded or installed. You only need to log onto their website and the platform will be available to you. Even though advanced and innovative technology has been used for the platform, it boasts a simple and intuitive user-interface, which is easy to adjust to. Even if you are a newbie, you will be able to navigate the platform without any hassle. You can also enjoy one-click trading and quick trade execution and there are no delays or crashes.
As it is a web trading platform, GTlot is responsible for its maintenance and upgrades, which eliminates another hassle. You will find a range of trading tools available on the platform, including price alerts, live and interactive charts that allow you to trade directly, trading signals, economic calendar and various analysis tools. Keeping up with modern technological trends, they have also developed mobile trading apps for both iOS and Android operating systems. You can download them on your respective devices and use them for trading on the go.
This gives you access to your trading account 24/7 and enables you to take advantage of all movements, regardless of where you might be. The apps also have a user-friendly interface and come with trading tools for enhancing your trading experience.
GTlot’s Trading Academy
While there are thousands of success stories in the trading world, there are twice as many failures. In some cases, it is just luck that causes people to fail, but in others it is because traders made big mistakes. This usually happens when you don’t understand the market properly and don’t have enough knowledge to make the right decisions. So, where do you learn? GTlot has created a Trading Academy on their website, where they provide their clients with access to educational and learning resources.
They have put together in-depth and extensive information that can provide traders with basic knowledge, as well as advanced tips and tricks for navigating the financial markets. GTlot has added these resources in different formats to make it easy for traders to learn. You can find e-books, articles, online courses, videos and tutorials that cover various aspects of trading. There are also webinars conducted by market experts that can provide detailed insight into the financial markets and help traders in learning the ins and outs. There is also a glossary that provides you with definitions of the trading jargon that’s used in order to make it easier for you to understand.
GTlot’s Customer Support
Every business is well-aware of the importance of customer support and it is even more vital for online brokerages. After all, traders can have queries about the trading process or they may encounter a technical issue with the platform or any tool. If they have to wait too long, they will miss out on opportunities and may even have to face losses. But, not every broker provides their clients with access to proper customer support and this can have a negative impact on your experience. Luckily, GTlot doesn’t fall in this category, as it has added strong support solutions for its clients.
If you visit the Contact Us section of their website, you will find that there are multiple ways to get in touch with their customer support staff. GTlot allows traders to send in an email to them, or they can fill out the web contact form for scheduling a callback from their agent. You can also make the call yourself by using the phone number provided on the website. Their assistance is available 24/6 and their multilingual staff is knowledgeable and friendly. The aim to solve your problem as quickly and effectively as possible.
You will also find that GTlot has kept their registration and account opening process straightforward and quick for its clients. They provide competitive trading conditions, so their clients can enjoy high payouts in the industry and their banking options are also varied, allowing for smooth and seamless trading for everyone.