GTLOT Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-15 18:16

Abstract：GTLOT is a St. Vincent and the Grenadines registered forex online broker offering online trading platform solutions to investors. GTLOT does not currently hold any licenses authorized by any regulatory body.

　　Note: GTLOT's official website: https://gtlot.com is currently inaccessible normally.

GTLOTReview Summary
Founded	/
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	No regulation
Market Instruments	Forex currency pairs, commodities, bonds, indices, stocks, cryptocurrencies
Demo Account	❌
Leverage	Up to 1:3 (cryptocurrrency)
Spread	From 80 USDT
Trading Platform	Web
Min Deposit	$0
Customer Support	Tel: +31 850643590
	Email: support@gtlot.com
	Address: Delflandlaan 1, 1062 EA Amsterdam, Netherlands

GTLOT Information

　　GTLOT is a St. Vincent and the Grenadines registered forex online broker offering online trading platform solutions to investors. GTLOT does not currently hold any licenses authorized by any regulatory body.

Pros and Cons

Pros	Cons
Various trading products	No regulation
No minimum deposit	Inaccessible website
Multiple payment options	No demo accounts
	No MT4/MT5 platform

Is GTLOT Legit?

　　No. GTLOT has no valid regulations currently. Please be aware of the risk!

What Can I Trade on GTLOT?

　　Tradable financial instruments GTLOT offers to investors include forex currency pairs, commodities, bonds, indices, stocks, and cryptocurrencies.

Tradable Instruments	Supported
Forex currency pairs	✔
Commodities	✔
Indices	✔
Stocks	✔
Cryptocurrencies	✔
Bonds	✔
Options	❌
ETFs	❌

Leverage

　　GTLOT's official website does not provide information on leverage for currency pairs, commodities, bonds, and indices, while the leverage for cryptocurrency trading is 1:3.

　　It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spread

　　The official GTLOT website only shows the spreads for cryptocurrency trading (from 80 USDT). For example, the spread for BTC/USDT is over 90 USDT, which is too high compared to other brokers.

Trading Platform

　　GTLOT offers traders not the current most popular MT4/MT5 trading platforms but an online trading platform.

Trading Platform	Supported	Available Devices	Suitable for
Web	✔	Web	/
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

　　The broker accepts payments via VISA, MasterCard, Maestro, MoneyGram, NETELLER, UnionPay, Western Union, IDEAL, WebMoney, QIWI, Wire Transfer, JCB, and Skrill.

　　There is no minimum deposit/withdrawal requirement.