If you have been looking for an honest online broker review for some time, you have landed on the right website today. You will now get to read everything straightforwardly and truthfully about one of the famous online brokers, namely GlobalCTB.
The broker has been around for some time and it has a great online trading system for traders from around the world. It provides lots of options to traders in terms of account types, asset trading options, education, and much more. However, we are going to keep this review honest and unbiased. For that reason, you will see the mentioning of some areas where the broker needs improvement.
So, if you are ready to launch into your trading career and have to choose the right broker, read this review to make an informed decision.
The 5 Reasons That Make GlobalCTB Great
1. A Large Asset Index
The first thing you have to admire about this broker is the asset index that you will get access to when you sign up with it. So, if you are an experienced trader, you are definitely looking for ways to diversify your trading portfolio. Doing so makes you a professional trader and allows you to distribute your risk across a variety of assets. As a result, you don’t lose all your money when one of the assets you have invested your money in goes down. On the other hand, you have new traders who want diversity because they want to pick assets that make sense to them. There should be no doubt in your mind that trading certain assets is easier than trading other assets.
For example, you have to look at the performance of the company when you are trading in a stock. On the other hand, when you are looking at a currency pair, you have to look at not only the performance the country but two countries whose currencies make up the pair you are trading. So, if you are trading a GBP/USD pair, you will have to look at the political conditions of both these countries to decide which way you should be trading your money. Now, when you sign up with this broker, you will have plenty of options and ways for you to go in. You can invest in the cryptocurrency that makes the most sense to you.
You can be in a different financial market if you want. For example, some people like to invest in the safest asset in the world i.e. gold. For someone interested in doing that, they will find gold and many other precious metals in the commodity section of the broker. You can trade energies and other soft commodities as well. Stocks are available from all the major US and international companies. These companies can be entertainment companies, retailers, tech companies, etc. To make investing in stocks even more fun, you can go with indices.
Indices are like buckets that carry many different stocks in them. When you trade an index, you are trading a bucket full of many different stocks. Last but not least, you are getting a variety of cryptocurrencies that you can trade with this broker. In short, you have access to all the major financial markets of the world. You will not be forced to invest your money and energies in just a few assets that you can count on your fingertips.
2. Account Types That Suit All Traders
The account types created by the broker also deserve some attention. You have to know that not all online brokers care about their traders equally. You have some brokers who are interested in doing business with experienced traders only. On the other hand, some brokers are all about newbies and beginners. However, in the form of GlobalCTB, you will find a broker that cares about all the different types of traders. You can clearly see that from the way the broker has designed its accounts. You have six different account types you can choose yours from.
All of these accounts have different features that have been created for different types of traders. If you go with the bronze account, you will have to deposit only 500 EUR in your account and then you will be able to trade in the real markets. If you go with the silver account, you will have to deposit 5000 EUR in your account to start trading with the broker. You can say that these two accounts have been designed for beginners. If you have advanced from the beginner category, you can consider signing up with the Gold account, in which the minimum initial deposit required by the broker is 10,000 EUR.
You have Platinum, Diamond, and VIP accounts as well. You get the best of the trading world when you sign up with the VIP account. Everything you get from the broker is on a high level. In fact, you will even have an account manager who can tell you everything about your account in detail. They are there only for you so you can ask questions and get answers immediately. So, you can say that the broker has done a great job in designing its accounts to address just about all the different types of traders.
3. Training Material
When starting with your trading career, you will have to learn trading. You cannot put your money at risk without learning how to trade. Most importantly, you cannot rely on your basic knowledge of financial markets and assets. Many new traders make this mistake. They have a basic understanding of trading and financial markets, and they think this knowledge is enough for them to start trading. This is a huge mistake that makes millions of traders lose their money before they can even set foot in the industry. You want to avoid making this mistake and learn trading before you can invest your money in any asset.
You will not have a problem learning anything because GlobalCTB will provide you with all the amazing trading education that you need. In this training material, the broker has included everything that a trader will require not only to learn about trading but also all the amazing things that can help traders make successful trades even in the most unsuitable scenarios. As you roam on the website of this broker, you will notice that a lot of information about trading is already there on the website. So , you don’t even have to take up any courses or participate in any classes to learn the basics of trading.
The training material has been created by the broker with different types of traders in mind. Perhaps, you are someone who likes to take time in learning new concepts. There is no doubt that trading can be tricky as well so you cannot say that just the basic knowledge is enough for you to make money in this world. So, if you have time to learn trading, you should go with ebooks. You will find all the material that you need on trading inside these ebooks. They contain material on different types of topics and themes. You can learn basic trading strategies and advanced methods to make money even when the markets seem hostile.
In addition to the ebooks, you will also find videos from the broker. The broker has created these videos so you can learn fast. If you want to start trading as fast as possible because you have the money and you think you will spend it soon, you can learn trading through videos. Videos can use some great visuals to make even the most difficult concepts easy for you. In addition to that, they are quick in teaching you these concepts. If you don’t understand something, you can easily rewind them and learn the part that you are having a hard time with. Not to mention, humans learn the fastest when you give them information in the form of visuals.
4. Safety of Funds and Information
You have to say that GlobalCTB has paid attention to everything that matters to traders. Whether you are a new or experienced trader, your security and safety are important concerns in the online world. You cannot ignore the fact that there are hundreds of online scammers who are looking for your information and money all the time. It might seem to you that your money is the most important thing that needs protection, but that’s not the case. Your information is the most important thing that needs to be saved when you are dealing with online entities.
So, is GlobalCTB taking care of your information? It the broker serious about protecting the money that you deposit in your trading accounts? Of course, yes! The broker has vowed to provide you with maximum peace of mind when you choose it for trading. So, when you sign up with the broker and provide your information on the website, every single letter or number you type gets encrypted. The broker uses the latest encryption protocols to make sure that hackers are not able to get through the walls and break into your information even if they use sophisticated methods.
If you see an online broker that does not provide you with this level of protection, you should not sign up in the first place. However, you can say that this broker is serious with the protection of your information. You will also notice that the broker has KYC policies in place, which means you will have to provide some personal information that identifies you as a real human being before you can sig up with the broker. Also, there are proper AML policies in place to ensure that no money laundering entity uses the online platform of the broker for money laundering purposes.
Now, what is the broker doing to protect your money? Is there really a way for the broker to save your money? Well, no one can give you a 100% guaranty of protecting your money or information. However, the best companies always have a system in place that they use to protect your money when you sign up with them. So, when you sign up with this broker, you will notice that all the money you deposit in your account will go in segregated accounts. This is a standard that all the online financial businesses have to have in place. And you can be glad that the broker you are signing up with does have these protocols in place. You can tell that this broker cares about its traders.
5. The Trading Platform for CFD Trading
Now, before we get into the details of the trading platform that you will be using when you sign up with GlobalCTB, we have to discuss the type of trading you will be doing with this broker. So, you will see after some research that many online brokers offer many different types of trading. For example, when you sign up with a broker that provides you with forex trading, you will only be trading forex currency pairs. If you want to trade any other assets than currency pairs, you will have to change your broker. Some brokers only provide you with stock trading facility. You can trade stocks with them and nothing more.
On the other hand, you have a broker like GlobalCTB that provides you with CFD trading. There are some great things you can say about this type of trading. First and the most important point is that you are not trading any assets in this type of trading. What you are trading, however, is a contract that reflects the value of the asset that you want to trade in the market. So, if you are trading Google’s stocks in the form of CFD, you do not own shares in Google. Instead, you are just holding onto contracts that reflect that value. You have to understand this concept before you start trading with the broker.
Now, that you have learned what CFD trading is all about, you can get into some additional details about GlobalCTB. What type of trading platform will you be using when you sign up with this broker? You are going to love the trading platform from GlobalCTB because of the way it has been designed and the way it can help every trader trade with confidence. The trading platform you are getting is one of the fastest you can get from online brokers. The quickness of the trading platform ensures that you are able to trade in real-time while looking at real-time statistics.
So, when you are trading on this trading platform, you can be sure that the price of the asset that you see on the screen is the real price. You will not get any unpleasant surprises when you have already entered the trade.
The trading platform form this broker is web-based, which means it runs on the website of the broker. What’s the benefit of this trading platform? First, you will not have to download anything on your device to trade. You can use the trading platform without any downloads and any device of your choice. Can you really trade on any device? Yes, because you are trading on a trading platform that runs on your browser. You have browsers available on just about any devices. You can use major browser like Chrome, Safar, Internet Explorer, Firefox, etc. to trade on this trading platform.
Since the software never gets downloaded on your device, its functioning does not rely on the device. It will work the same way and smoothly whether you download it on your desktop computer or a small smartphone. It will run smoothly whether you have an iPhone or an Android phone. That’s something that you don’t enjoy when you trade on other downloadable trading platforms.
3 Reasons That Don’t Make GlobalCTB Great
1. No Mobile App
The broker has made a lot of achievements when you look at everything that it offers its traders. You have some great trading accounts, amazing flexibilities for traders, and personalization of services. However, what you don’t see right now is a mobile app. A mobile trading app is a crucial part of any online brokerage. When you search for online brokers, you will notice that they talk a lot about mobile trading. Every review you get to read on the internet mentions this. Mbile trading ensures that the broker you are about to sign up with can let you do trading on the go anywhere anytime. What Global CTB has done, on the other hand, to make up for this, is they have made their trading platform mobile friendly, meaning you can trade on your mobile but not with a specially built app. So mobile trading is functional to a certain degree.
2. Lack of Info with Accounts
One of the things that new traders are looking for is a lot of information. They want a lot of information from the broker so they can sign up with ease. They want peace of mind, which comes from the broker explaining to them everything. However, with GlobalCTB, you don’t see a lot of information on the website that can help traders make up their mind about the broker. For example, when you look at the page with account comparison, you won’t find any information about leverages and margin requirements.
You must not forget the fact that these are important concepts when you are trading CFDs with an online broker. CFD trading is famous for being leveraged. That’s something you don’t enjoy with other types of trading. When a trader wants to trade CFDs, it should have all the information about leverages and margin requirements. Leverage is the amount of money the broker is willing to contribute with the trader to increase the trade size, whereas margin requirement is the minimum amount that the trader has to maintain in his/her account to be able to enter a trade.
3. No Education for Bronze Traders
Every online broker offers a very basic account for those who are just stepping in the world of trading. These traders usually do not know anything about trading and how financial markets work. They are still just trying to learn all these concepts. If you talk to them, you will find out that they don’t even know the basic terms associated with trading. So, you can say that these are the traders who need education the most. Almost every online broker provides educational material to all of its traders when they sign up. You will get some training material no matter which account type you sign up with.
In fact, there are some brokers that have provided the trading education free of cost on their websites. With all of this in mind, it really does not make a lot of sense why this broker has not provided any educational material for the most basic account holders. The most basic account with this broker is the bronze account. If you sign up with this account, you will not be able to get access to any educational material at all. That’s kind of a bummer in the online trading world.
Final Thoughts
There is no doubt that the system that this broker has created is a great one. However, you must not ignore the fact that the points we have mentioned under the drawbacks of this broker too. So, GlobalCTB is an overall great online broker, but without a mobile app and a bit lacking in information in their accounts section, other than that it has helped many traders enter the cryptocurrency and financial markets to a great degree.
