General information and regulations of GTTC TRADE
GTTC TRADE was founded several years ago in St. Vincent and the Grenadines, and currently it does not have any regulations.
The company doesn't provide services to the citizens and the residents of the United States, Canada, Israel, New Zealand, Australia, North Korea, Puerto Rico, Bangladesh, Yemen, Singapore, Sudan, Iran, Japan.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.
At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.
Market instruments
Forex, Crypto, Metals, European Stocks, USA Stocks Feedstock, Commodities, Futures Indices, Indices .....GTTC TRADE allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on GTTC TRADE.
Spreads and commissions for trading with GTTC TRADE
There are two types of spread in GTTC TRADE: fixed spread for platinum and exclusive account; floating spread from 0.01 pips for the other 3 types of accounts.
The commission of different accounts varies from 0 USD to 25 USD per lot.
Account Types for GTTC TRADE
Demo Account: GTTC TRADE provides a demo account that allows you to try out the financial markets without the risk of losing money.
Live Account: GTTC TRADE offers a total of 5 account types: bronze, silver, gold, platinum and exclusive. the minimum deposit to open an account is $1,000, $5,000, $10,000, $25,000 and $100,000 respectively. If you are still a beginner and don't want to invest too much money in Forex trading, a bronze account will be the most suitable option for you. However, we should also realize that too little capital not only reduces losses, but also reduces profitability. Therefore, you may find it “unexciting” or unprofitable. In addition, accounts with smaller initial deposits tend to have poorer trading conditions.
Trading platforms offered by GTTC TRADE
Although a long time has passed since the launch of MT4, it is still a major player in the market and is loved by traders all over the world. Accessing it from different devices also makes it easier for users to trade. This company also provides webtrader that permits trading without installing a software.
Leverage offered by GTTC TRADE
GTTC TRADE offers a maximum leverage of up to 1:400, which is a generous offer and ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.
Deposit and withdrawal methods and fees
GTTC TRADE offers a series of deposit and withdrawal methods such as credit/debit cards, electronic payment and cryptocurrencies. In the correspondent page are the methods, currency and possible fees.
Educational resources
A series of educational resources is available at GTTC TRADE, such as glossary, technical analysis, fundamental analysis, trading psychology, graphical analysis and trading strategies.
Customer support of GTTC TRADE
Below are the details about the customer service.
Language(s): English, German, Russian, Arabic
Service Hours: 24/5
Email: help@gt-tc.trade
Phone Number: +442039578578
Address: Suite 305, Griffith Corporate Centre Р.О. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines
Users exposures on WikiFX
We have not received any reports of fraudulent activity at this time.
Advantages and disadvantages of GTTC TRADE
Advantages:
High leverage
MT4
Sufficient information
Educational resources
Many instruments available
Demo account
Disadvantages:
No effective regulation
No MT5
Frequent asked questions about GTTC TRADE
Is this broker well regulated？
No, it is currently not effectively regulated and you are advised to be aware of its potential risks.
