Operating from Saint Vincent and the Grenadines, GTLOT is an online trading broker that offers over 300 financial instruments across different asset classes — indices, commodities, bonds, stocks, and cryptocurrencies — for trading through an in-house-developed trading platform. The broker provides traders with various learning materials to aid them. Clients benefit from some favourable trading conditions, including a responsive client support team, multiple trading account options, zero commissions, and more. A minimum deposit of $250 is required to operate a live trading account, and there are also various deposit and withdrawal methods available to clients.
GTLOT Review Introduction
In this GTLOT review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including GTLOT.
GTLOT Platforms & Tools
Trades are executed on the GTLOT trading platform, which is a proprietary trading platform that is designed to enable traders to seamlessly trade the available financial markets. The platform is built with an intuitive interface, which makes it a platform of choice for beginners and the more advanced traders alike.
The broker presents the GTLOT trading platform as a WebTrader that can be directly accessed from its website without needing a special desktop application. The platform is also available as mobile trading apps for Android and iOS devices; it can be freely downloaded from the relevant app stores and used to place trades and check trading positions even while on the go, provided there is an internet connection.
GTLOT Research & Education
The broker provides traders with a good selection of educational materials on its website, and they include cryptocurrency news, articles, glossary, and more. They help to improve clients’ trading knowledge and stay up to date with the events that take place in the financial markets.
GTLOT Trading Accounts
Traders are provided with three trading account options to meet their trading objectives and capital. The account types and their corresponding minimum required deposits are as follows: Beginner (250 Euro), Advanced (5,000 Euro), and Expert (20,000 Euro) Accounts.
GTLOT Account Funding
The broker allows traders to deposit and withdraw funds to and from their trading accounts using any of the following payment methods: credit/debit cards, bank wire transfers, and online payment processors —Neteller, Skrill, WebMoney, and more.
GTLOT Customer Service
All traders’ inquiries are channeled to a professional customer support team that can be contacted via telephone, email, and call-back form. Traders can also visit the team’s physical office in Amsterdam.
At present, there is no regulatory information on the broker’s website. This could discourage a lot of potential traders and investors from opening an account with them.
GTLOT Review Summary
GTLOT is a multi-asset brokerage firm that offers access to the global financial markets via a proprietary trading platform that is available in the web and mobile versions. They make available a selection of educational resources and also provide a customer support team to assist traders. There are various trading account options to choose from. A minimum deposit of $250 is required to open a live account. No commission is charged on trades. However, the broker is not regulated by any known financial authority at the moment. Most times, the lack of regulation can discourage potential clients who are looking to open an account with the broker.
It is worth mentioning that some of the trading products and services in this GTLOT review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the GTLOT broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.