GTlot Review – Important Questions to Ask about the Broker

If you want your trading journey to be a success, then you should understand that having the right broker can make a big difference. Yes, trading online has become the new norm, but this doesn’t mean that you can do it without a broker. The only difference is that now you need an online broker for providing you with the resources, tools and platform to begin your journey. Finding a broker is not that complicated either. After all, everything is just one Google search away and you will be able to make a list of brokers you can choose to get started.

Nonetheless, it is vital to understand that no two brokers are the same and like every other industry, this one is also not without its share of shady and unregulated brokers. In fact, the popularity of trading has made it a stomping ground of scammers and some of these pretend to be brokers in order to get what they are after. This means that when you are on the hunt for a broker, you cannot let your guard down or you will suffer the consequences. The good news is that there are some very good brokers out there as well and the key to finding them is asking all the right questions. 

Based in Amsterdam, Netherlands, GTlot is one of the brokerages you will come across, which gives you the option of trading cryptocurrencies and a number of other financial instruments. The brokerage has a strong reputation in the market, one it has accumulated in a relatively short period of time. Regardless, before you go ahead and sign up with them, you need to know all you can about GTlot. Some of the important questions you should ask are:

• Are the security standards up to the mark?

Aspiring traders know that security is not something you can compromise on. Having your money or your confidential information stolen is a big hassle and can tie you up for a long time. You want to protect yourself at all costs, but you become vulnerable when you sign up with a broker that doesn’t have strong security protocols. With GTlot, you don’t have to fret over security because this is one issue that they have not taken lightly. The broker uses the highest standard of encryption for protecting every communication between the server and the client. No outsiders can gain access to any information shared by traders.

The money deposited by traders with them can only be used for trading purposes and is kept in segregated accounts to ensure the broker cannot use them for its own operations. Even if GTlot goes bankrupt, your funds remain safe, which is very reassuring. Also, they comply with the Anti-Money Laundering (AML) and Know Your Customer (KYC) policies, both of which are aimed at keeping out scammers and preventing illegal activities. Under these policies, traders signing up with the broker have to provide proper documentation to show who they are.

• Does the broker let you diversify?

If you have done your due diligence regarding trading, you know that the best way to earn via trading is to keep your risks at a minimum. Diversification is the only strategy that lets you do that, which means investing your money in as many assets as possible. However, you can only do so if your broker provides you the variety and GTlot fits the bill in this regard. Here, you will find more than 300 financial instruments to trade and have the freedom to invest in as many as you like. You can start with cryptocurrencies including leading ones like Bitcoin, Litecoin and Ethereum and even some more like Monero, NEM, Bitcoin Cash and Ripple.

You can also try your luck in trading stocks of prominent companies like Apple, Microsoft and Google. Indices like S&P 500 can also be traded via GTlot and the broker also allows its clients to invest in bonds, commodities as well as the forex market. Suffice it to say, the broker gives you some of the most profitable options to choose from, allowing you to fatten your portfolio as much as you like.

• How is the sign up procedure?

Lots of traders don’t look forward to the sign up procedure of most brokers because it is time consuming and requires them to wait for approval before they can begin trading. GTlot has eliminated all of this headache for its clients and has made the process quick and fast to allow people to start trading right away and not miss any more opportunities. The best part is that it doesn’t even ask them to share a lot of detailed personal information; just provide the basics and you can begin. 

Your full name, email address, password, phone number and location has to be provided to the broker. GTlot also requires you to choose the account currency, either BTC or USDT, and then agree to its terms and conditions. As long as you are above 18, you will not face any problem and your account will be approved straight away.

• What banking methods are supported?

After you have opened an account with GTlot, you will have to add some funds to it to make your first trade. To do that, you have to check out the banking methods supported by the broker and you will not find a shortage of options here. A variety of credit and debit cards like Visa, MasterCard and Maestro are supported and you can also add funds via bank wire transfer. E-payment options like Neteller, Skrill and WebMoney are also available. You can use these methods not only for adding your capital, but also for profit withdrawal. The processing time and the cost will depend on the method you choose.

Bottom Line 

As long as you ask these important questions, you will know that GTlot has created a well-rounded trading solution for its clientele and is giving them the opportunity of making substantial returns at their own convenience.