Based in Kingstown, Saint Vincent and the Grenadines, GTLOT is a multi-asset brokerage firm that provides traders with a proprietary web-based trading platform. They offer access to trade over 300 financial instruments across different asset classes, such as indices, commodities, bonds, stocks, and cryptocurrencies. There is a professional client support team that is on hand to assist traders. However, the broker is NOT regulated which means that there is limited protection in place for traders should something go wrong – this would be a huge red flag to many potential clients.
Pros / Cons
- Web & mobile trading platforms
- Educational resources
- Multiple financial instruments
- Various deposit & withdrawal methods
- Not regulated
- Located offshore
- No USA clients
- No standalone trading tools
- Minimum $250 deposit
- Restricted leverage
In this detailed GTLOT review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
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GTLOT is a trading name operated by Major Technologies Limited Group, a retail trading broker that gives clients the opportunity to trade multiple financial assets via an in-house-developed trading platform. They provide traders with educational resources and a professional client support team, and there are multiple payment methods available to clients.
There is no regulatory information on the broker’s website at the moment. Many experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
The broker offers its services to clients from different parts of the globe where the use of such services would not be contrary to local laws and regulations.
Some GTLOT features and products mentioned within this GTLOT review may not be available to traders from certain countries because of legal restrictions.
GTLOT owns an award-winning web trading platform that can be accessed via the broker’s website; it does not require any downloads or installations. The platform offers intuitive usability and a cross-device capability, which allows you to seamlessly move between desktop and mobile devices. It has the following basic functionalities:
- Simple trading — easy to understand with clear explanations
- Diverse products
- User-friendly trading experience
- Quick, easy, and safe deposits and withdrawals
There is also a mobile trading app that is developed for smartphones running on Android and iOS. The mobile app can be downloaded from the relevant app stores and used to place trades and check trading positions even while on the move, provided there is an internet connection.
GTLOT Trading Tools
There are no well-defined standalone trading tools on the broker’s website at the moment. However, the provided trading platforms do include a selection of tools for conducting market analysis.
The broker’s website is loaded with several learning materials to help try and improve clients’ overall trading skills and knowledge. They include cryptocurrency news, trading articles, and a glossary that contains several trading terms along with their detailed explanations.
The broker offers the following trading instruments: indices, commodities, bonds, stocks, and cryptocurrency.
GTLOT Accounts & Fees
Traders are allowed to choose their desired trading account type from a choice of three trading account options: Beginner (250 Euro), Advanced (5,000 Euro), and Expert (20,000 Euro).
As broker fees can vary and change, there may be additional fees that are not listed in this GTLOT review. It is imperative to ensure that you check and understand all of the latest information before you open a GTLOT broker account for online trading.
GTLOT offers a professional client support team that is always available to respond to their trading inquiries via the following contact channels: telephone, email, and call-back form. Traders can also visit the team’s physical office in Amsterdam.
GTLOT Deposit & Withdrawal
There are several account deposit and withdrawal methods available at GTLOT, and they include credit/debit cards, bank wire transfers, and online payment processors ( Neteller, Skrill, WebMoney, and more).
GTLOT Account Opening
To open an account, you have to visit the broker’s website and choose the option of opening an account. You are required to properly fill out the form. The form is a short one; you just have to enter your name, email address, password, phone number, and the country you are based in.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
GTLOT is basically a multi-asset brokerage firm that gives its traders the opportunity to trade several financial instruments using an in-house-developed trading platform, along with a selection of educational resources and a client support team. There are multiple account deposit and withdrawal methods available. However, the broker is not regulated by any financial authority at the moment which means clients do not have protection if things were to go wrong.
The financial products offered by GTLOT carry a high level of risk and can result in the loss of all your capital. You should never invest funds that you cannot afford to lose.