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GTLot Review – Can this Broker be a Good Fit for You?

GTLot Review - Can this Broker be a Good Fit for You?

Are you thinking of launching your career in online trading? The lure of high profits has attracted millions of people to the trading space from all over the world. In addition, trading has become a lot easier and more feasible with technological advancement. People no longer need to leave their homes to trade in the […]

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GTLot Review - Can this Broker be a Good Fit for You?

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Are you thinking of launching your career in online trading? The lure of high profits has attracted millions of people to the trading space from all over the world. In addition, trading has become a lot easier and more feasible with technological advancement. People no longer need to leave their homes to trade in the financial markets and they can even do it part-time for supplementing their income. When you can generate a substantial sum of money even with a small investment, wouldn’t you want to do it? It sounds irresistible, but you should understand that profits cannot be made without putting in some effort.

If it was so easy, every single trader would have made millions from the market by now. However, only a handful of traders are able to succeed in the long term because they are willing to put in the time and effort needed to achieve this goal. The first step that you have to take is to find a broker because they are your key to the magical world of online trading. Brokers provide traders with all the resources and tools they need to start trading and their numbers have increased in the last few years to accommodate the growing demand. 

The problem is that the higher number of options can make it a big challenge to choose one broker. Some people prefer to sign up with the first broker they find, but there is no guarantee that they will be able to fulfill your needs. Before selecting a broker, you have to consider your own requirements and then make your decision. For instance, some traders want to have a variety of assets to trade while others are willing to accept limited options, as long as they have a secure trading environment. 

When you know what you want, it becomes easier to find a broker that is a good fit for you. GTLot is one of the online brokers that you will come across, offering more than 300 financial instruments for trading. They have developed their own proprietary trading platform that you can check and have also added a range of trading tools to the mix. You can check their services and features before making your final decision. If you do decide to go with this broker, you will have to follow the typical route i.e. register with them by sharing some essential details and then funding your account to get started.

Also read: Government of Bermuda Piloting Stimulus Token in Response to Economic Crisis

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What I liked about this broker is that they haven’t restricted their services to a particular category of traders. Their features and services can facilitate traders of all levels; whether you are new to the trading space or are a seasoned trader, GTLot’s trading services can accommodate all. However, you do need to consider its different aspects to determine if it would work out for you or not. What are these aspects? Let’s take a look:

  • Is it legitimate? 

The first thing you should know about any trading broker is whether they are properly registered or licensed. The financial market has its share of regulated and unregulated brokers and the former tend to be more security-centric. Hence, those who are concerned about their security would prefer to sign up with an authentic broker. 

GTLot falls into this category as the broker is registered in Amsterdam, Netherlands. If you visit their website, you can easily find their office address, which is a real location. Moreover, their Terms and Conditions and other policies indicate that the broker takes responsibility for its actions, which is undoubtedly reassuring. 

  • Can you diversify your portfolio? 

If you want to diversify your trading portfolio and don’t want to trade just one financial instrument, then you can open an account with GTLot. As mentioned above, this broker has added more than 300 instruments to their asset index and they are spread out in different categories. Hence, there is a good chance that you will be able to find the ones you wish to trade. This diversification can work in your favor because it helps you in earning higher profits while keeping losses low. 

First and foremost, the asset offerings at GTLot begin with the forex exchange market, one of the biggest financial markets in the world. The broker has added major and minor currency pairs, along with some exotic options for traders who enjoy taking risks. USD/CAD, EUR/GBP, USD/CHF and EUR/JPY are just some of the pairs you can trade here. Next up, you will come across indices like S&P 500 and Dow Jones, which are a bit risky, but capable of giving returns.

GTLot has also added commodities to their asset offerings because the broker is aware that not every trader is comfortable in taking risks. The commodities that can be traded via the broker include energies like oil and gas, agricultural products like wheat, coffee and corn and precious metals including gold and silver. Lastly, the broker has also added stocks of some important companies like Google, Amazon, Apple and Microsoft. You can choose whatever combination of assets you want to trade in order to make your profits.

  • What kind of trading platform can be used?

One of the most prominent features of a broker that make them vital for online traders is the trading platform they provide. To put it simply, this is the software that traders use for executing their trades and it is necessary to check it out before you choose a broker. A platform that’s difficult to use can have a negative impact on your overall experience. GTLot has developed their own trading platform and I liked the fact that they have put in some effort to keep it as simple as possible. The most notable benefit of their trading platform is that it is web-based, which meant that I didn’t have to download or install it.

Web-based platforms are common and they are popular amongst traders who enjoy flexibility, as these platforms are accessible via websites. Hence, they can be used on any device supporting a web browser, be it laptop, tablet, PC or even smartphone. GTLot has attempted to keep their platform as simplistic as possible, but it is powered by cutting-edge technology, which was obvious from its execution speed. One-click trading wouldn’t be possible if the platform wasn’t backed by powerful technology. It provides access to market news to assist in decision making and advanced charting tools are also available for tracking trends and patterns. 

Even though the platform does have cross-device functionality because it is web-based, GTLot has also given mobile apps for Android and iOS devices. Using the web-based platform on smartphones can be a bit of a hassle so I did appreciate the addition of these apps. They came with almost the same tools and functionalities and worked quite smoothly, so I was able to monitor my account round the clock. 

  • What is the registration process?

You cannot start using a broker’s services without registering with them; this is the norm. Typically, registration of any kind involves filling out forms and providing documents. This can be a daunting process because sharing your personal information with a third party is never easy. As stated earlier, you have to provide GTLot with some essential information in order to register with them. They have kept it simple and straightforward, without too may complexities. There is no requirement for providing extensive details either, which is a good thing. 

To register with GTLot, you have to fill out the form they have added to their website. This didn’t take me more than a few minutes because the information that has to be shared is very basic. It asks for your full name, phone number, email address and password and your location. You can choose your account currency, which is either BTC or USDT. It is also necessary to accept their terms and conditions before you submit your application. As long as you are 18 or above, you will be registered right away. 

  • Is the broker secure?

Since you are sharing personal information with the broker, it is a good idea to take a look at their security policies. Cybercriminals are lurking online and you don’t want your information to be misused or stolen. Likewise, you also want to protect your funds as much as possible. The only way to do so is to select a broker that takes security just as seriously. How does GTLot fare in this regard? First, the broker has complied with the Know Your Customer (KYC) and Anti-Money Laundering (AML) security measures.

These are some of the renowned security policies and can be helpful in keeping trading transparent and fair. Complying with these policies is a must for anyone signing up with GTLot and to do this, you have to provide some important documents. You have to submit your passport, national ID card or your driver’s license to give proof of identity. A utility bill like water, electricity or gas, a credit card bill or bank statement has to be provided for proof of address. You should also register funding methods in your own name and you cannot use third-party accounts for making deposits or withdrawals. 

You can go over GTLot’s privacy policy to see how they use your information. The broker uses encryption for protecting all communications and information to ensure it is only used for trading purposes and nothing else. The broker does not share it with anyone without your consent. 

  • Do they offer any resources?

The key to succeeding in the trading market is to know how it works and come up with profitable trading strategies. There is no doubt that experience can play an important role in your successful journey, but education is just as important. You need to learn the ins and outs of trading and work on developing your own strategy with the help of the knowledge you gain. In order to do so, you have to find extensive and accurate resources and this can take up a lot of your time. 

Therefore, I was definitely pleased to see that GTLot had added some educational resources to their offerings because it saved my time and gave me access to the information I needed. The educational resources are in-depth and cover a wide array of topics related to trading. I was able to get most of the basic knowledge I needed for stepping into the market and making smart decisions. It was available in the form of videos, e-books and tutorials, which gave me the flexibility to choose how I wanted to learn. 

Once I had mastered the basics, I moved onto the advanced educational materials that enabled me to develop my own strategies. Along with these resources, the tools offered by GTLot also came in handy. Charting tools, technical analysis tools and risk management tools were the best offerings I could find. I also attended the webinars conducted by professional traders for getting further guidance about how to navigate the trading market.

  • Is the broker responsive?

Customer support can make or break any business; this is the golden rule and it also applies to brokers. GTLot has provided 24/7 customer support options on its website and they can be accessed via different channels. They have an email address that can be used for sending it queries and a phone number aimed at handling urgent problems. There was also a Contact Us form that could be used for scheduling a callback. The option of live chat is missing and this could be an inconvenience when you need help right away. But, the agents were responsive and friendly and this partly made up for the lack of live chat. 

Final Thoughts 

It can be ascertained that GTLot is an authentic broker that is capable of providing optimal trading services. It can be a good fit for any trader who is looking for a broker that prioritizes security, offers an easy-to-use trading platform, lots of assets, and a safe trading environment.


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DISCLAIMER Read More

The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.

Source: https://zycrypto.com/gtlot-review-can-this-broker-be-a-good-fit-for-you/

Blockchain

OpenSea Crashes Following BossLogic NFT Drop via Ethernity

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The hype around non-fungible tokens (NFTs) continues to escalate as demand for primary sales is only growing higher.

The last manifestation of this was earlier during the BossLogic NFT drop that took place on the OpenSea marketplace, causing it to essentially crash under the high traffic.

OpenSea Crashes as Traffic Surges

OpenSea, touted as the largest NFT marketplace crashed last night under a serious surge in traffic caused by an NFT drop.

The platform took it to Twitter to explain what happened:

Outage notice: the Bosslogic drop caused a 2X surge in traffic at 19:30 UTC, ultimately causing two spikes of failed requests, at 19:50 and 20:40.

The issue was our servers’ ability to reclaim memory. We will have a fix out shortly, but sincerely apologize to all affected!

Naturally, this caused some users to be upset because they’d lost gas fees as a result of the outage. The team responded that they “will not have to pay gas the next time you bid, for the next auction – that cost is only for the first time you ever bid on anything (converting ETH to wrapped ETH).”

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BossLogic’s NFT Drop

BossLogic is a well-known artist with almost half a million followers on Twitter and a lot more across different social media platforms.

His latest NFT drop was through a partnership with Ethernity chain to offer 2501 pieces of art to the very first lucky community members.

The tokens were sold for 0.299 ETH and each one of them represented digital artwork that’s featured in the collection.

This latest NFT drop is the latest to create massive hype around it. As CryptoPotato reported yesterday, the interest surrounding non-fungible tokens have surpassed that of ICOs from back during their peak in early 2018. This has caused many people to believe that they are in a state of a bubble.

Featured image courtesy of Inverse

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Source: https://cryptopotato.com/opensea-crashes-following-bosslogic-nft-drop-via-ethernity/

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Norwegian Oil Mogul Sets Up $58 Million Entity to Buy Bitcoin

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The institutional bitcoin frenzy continues to spread like an epidemic. After several United States mega corporations added the digital currency to their balance sheet, the floodgates have been opened to major institutions across the world. Norwegian holding company Aker ASA said today that it will establish a new unit dedicated to bitcoin investment and the digital asset’s underlying technology.

Miss Out? “No Way”!

Asian smartphone giants, Meitu yesterday joined the league of institutional bitcoin adopters, as reported by CryptoPotato. With the future of modern-day finance hanging in the balance, companies investing reserve cash in bitcoin is widely becoming a norm rather than an exception. The latest to embrace bitcoin is Norwegian holdings, Aker ASA. It made the announcement in a press release this morning.

Aker ASA is going a step beyond investing in the leading digital currency. It will set up a company devoted to investing in bitcoin and blockchain technology. The new company called “Setee AS” will actively participate in the cryptocurrency space by collaborating with other industry players. It will also invest in other companies with healthy prospects in the blockchain and cryptocurrency industry.

The company which majors in offshore fishing, construction, and engineering said it would convert all its liquid assets to bitcoin. The new dedicated bitcoin unit will have a capital of around 500 million Norwegian crowns (approximately $58.6 million).

.. With Great Power Comes Great Responsibility

According to Aker, the operation of the new entity will span beyond bitcoin investment. The unit is expected to leverage the capabilities of its parent organization to pursue innovations in cybersecurity, financial transactions, and emissions-free verification operations. As part of the latter, the company will research and work on alternative ways to verify bitcoin transactions in a more environmentally friendly manner.

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To set the ball rolling, Setee is collaborating with a Canadian global leader in Bitcoin and blockchain technologies, Blockstream. President and CEO of Aker ASA, Øyvind Eriksen, spoke on the launch of Setee and its first partnership.

“With the launch of Seetee, the Aker Group makes another move into software and fintech. We are very excited about the industrial opportunities that will be unlocked by Bitcoin and blockchain technology, and want to contribute forcefully to that effort. These technologies have the potential to reduce frictions in our day to day lives, enhance the security of our digitally driven economies, and unlock new business models for innovation. We look forward to addressing these and other applications together with Blockstream and other partners”

Aker AS is owned by Norwegian billionaire businessman Kjell Inge Rokke. Rokke shared a letter concerning the latest development to the company’s stakeholders. In the letter, he wrote:

First, we will use bit­coin as our trea­sury as­set and join the com­mu­ni­ty. In Bit­coin speak, we will be hodlers. We will be dif­fer­ent, but ad­di­tive.

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Source: https://cryptopotato.com/norwegian-oil-mogul-sets-up-58-million-entity-to-buy-bitcoin/

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ETC Group adds Ethereum ETP on Deutsche Borse

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Exchange-Traded Products [ETPs] are gaining prominence and crypto investment firm ETC Group announced the launch of an Ethereum ETP on Deutsche Borse’s Xetra on 9 March. This ETP will go live with the ZET ticker and will be its second crypto investment product after Bitcoin ETP, as per reports.

The firm launched Bitcoin ETP in June 2020 and its assets under management have surged to $1 billion since. Since ETP’s value depended on the underlying security, this growth was a given for Bitcoin. Now that Ethereum has also joined the bandwagon, the results of its growth will also reflect positively for the investment firm.

Xetra, operated by the Frankfurt stock exchange, noted that more than 90% of trading in German shares goes through the marketplace, along with 30% of trading in exchange-traded funds [ETFs]. As per its website, more than 30 new ETFs and 4 ETCs are tradeable on Xetra since January.

However, ETC Group was not the only one listing ETPs on Deutsche Borse. 21Shares AG also announced the launch of the world’s first centrally cleared Ethereum [ETH] and Bitcoin Cash [BCH] ETPs a few days back.

According to reports, this was done to further push the institutionalization of crypto assets. Subject to approval by the Frankfurt Stock Exchange, the 21Shares Ethereum ETP [21XE] and 21Shares Bitcoin Cash ETP [21XC] will list on Deutsche Boerse on 9 March, with annual management fees of 1.49% and 2.50%, respectively.

The institutional interest has been increasing for Ethereum ever since the market has been rallying. The second-largest crypto and the most popular altcoin, Ethereum has managed to carve a niche for itself with the addition of decentralized finance [DeFi] and dApps.

Source: CoinStats

At the time of writing, ETH was going strong at $1,713, despite the high volatility in the market. It is returning 142% year-to-date to its investors as more people flock into the Ethereum ecosystem.


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Source: https://ambcrypto.com/etc-group-adds-ethereum-etp-on-deutsche-borse

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