Global CTB Review
In the last decade or so, a number of advancements have been made in nearly every industry and the financial market is no different. The world of finance has seen numerous changes take place, some small and some rather prominent ones, which have changed the course of the industry altogether. One such example is none other than the introduction of cryptocurrencies. It began in 2009 with the launch of Bitcoin by its mysterious founder, Satoshi Nakamoto. Since it was the first cryptocurrency, it didn’t attract a lot of positive attention because of its lack of regulation.
The purpose of introducing a digital currency was to establish a payment system that wouldn’t be controlled by a central authority and would provide users with anonymity and decentralization. The only issue was that fraudsters, scammers and other cybercriminals found it to be the perfect tool for carrying out their criminal activities and this dealt a strong blow to their prospects. However, things took a drastic turn in 2017 when the crypto market experienced its bullish run and Bitcoin reached an all-time high volume near the $20,000 mark.
People all over the world were able to make huge profits during this time and it generated a lot of exposure and attention for the crypto space. Since then, the interest has only grown and various other cryptocurrencies have also been added to the mix. Today, the cryptocurrency market is booming and people are not just investing in this trading instrument, but also using it as a mode of payment. In fact, the crypto market is once again on the rise, which means there is massive potential for traders and they can enjoy high returns through crypto trading.
Nonetheless, it is vital to remember that in order to accomplish this goal, there is one essential element that you need to have; a reliable and professional crypto broker. Sure, the number of companies offering crypto trading services has also surged with the popularity of these digital assets, but this doesn’t mean that all of them are created equal. If that were the case, you should have opened an account with each company you found. But, you need to proceed with caution because, even though there are good traders, there are also shady ones that you need to steer clear of.
As the crypto market is mostly unregulated, it has been hit by several scams and cybersecurity issues, which can create a horde of problems. In your desire to start trading in this lucrative market, you certainly don’t want to fall into the wrong hands. Therefore, it is best for you to dig deep and find out the truth about a broker before you sign up with them. Even if they are a legitimate option, it is not necessary that they will be able to provide you with the tools and services you require. Hence, you shouldn’t make this decision without putting in some research and knowing what to expect from a particular broker.
One broker that you will come across in your search is Global CTB, which was established in 2016 and is advertised as a legitimate firm that provides trading services to traders all over the world. It is relatively new, as opposed to the other options you will come across, which might make you hesitate in signing up with them. It will become obvious that even though it hasn’t been around for a while, Global CTB certainly has a positive reputation and has developed a strong following within a short span of time. Obviously, this makes you wonder what makes them different from the other choices out there.
The fact that Global CTB was formed by people who were also part of the trading market has given it an edge because these individuals know the ins and outs of trading. They have used this experience into creating a platform that provides tools and features for a positive trading environment. In order to know more about what makes them different from the rest, you should check out what it is offering. Let’s do that below:
|Trading Accounts||6 Account Types; Basic, Beginner, Medium, Advanced, PRO and VIP.|
|Assets Coverage||Forex, Commodities, Shares, Indices and Cryptocurrencies|
|Trading Tools||Live Charts, Economic Calendar, Risk Management Tools, Price Alerts and Trading Signals|
|Education and Training||Yes; free market research, Trading Academy, Webinars, Tutorials, E-books, Sessions with Market Analyst|
|Customer Support||24/6 through live chat, online contact form, email and phone number|
|Security Policy||KYC (Know Your Customer) and AML (Anti-Money Laundering)|
|Parent Company||Global CTB|
Diverse crypto options
Even though there are a large number of crypto brokers that exist today, you only have to take a look at their offerings to find that they only offer a handful of cryptocurrencies to trade. Most of these comprise of the top crypto options, such as Bitcoin, Ethereum and Litecoin, which are undoubtedly profitable. But, it is also a fact that they are not the only choices in the market and you will find plenty of other choices available. In fact, there are more than 5,000 cryptocurrencies that can be found in the market and more are being added quite regularly. This is where Global CTB distinguishes itself from the rest because its choices don’t just include the leading coins mentioned above.
Rather than limiting traders to these options, Global CTB has made some effort and has also added a ton of other choices on their platform. These include Bitcoin Cash, Ripple, NEO, DASH, Monero, IOTA and various other choices. These diverse crypto options enable traders to spread out their investment in as many options as possible in order to balance their risks and to enjoy high returns. Moreover, Global CTB continues to add newer options to the mix, but an important thing to note is that they only do so after doing some research into the cryptocurrency in question. They only add it to their asset index if it is profitable, which means you will be able to find good choices available here.
Apart from that, Global CTB also provides its clientele the option of diversifying their investment in some other trading instruments as well. Along with cryptocurrencies, you can also trade stocks, bonds, forex and indices via their platform.
Web trading platform
What is the biggest feature that a broker can offer to you? It doesn’t matter what instrument you are trading, whether it is cryptocurrencies, forex, commodities or stock; the trading platform is the most important and is the primary offering of a company. This platform will determine how your trading experience turns out because if it lacks in regard to trading tools, you will not be able to make good decisions. Likewise, if it is has security loopholes, it puts you at risk and results in stress. If the platform is too complicated to use, it can slow you down and cause you to miss opportunities.
This shows that you need to have a solid and user-friendly trading platform that can help you in making your trades without any issues. Global CTB’s team is well-aware of what traders need and they have developed their own proprietary trading platform to offer. This is a web trading platform, which is accessible through their website, and is powered by state-of-the-art technology. It boasts a highly intuitive user-interface, which makes it easy to use for everyone, whether you are a newcomer in the market or know your way around trading.
Unlike a desktop platform, this one doesn’t require any downloading or installation and can be used on any device that supports a browser. This is extremely convenient because most traders don’t like being restricted to a single device. It gives you flexibility because you can trade via your desktop, laptop or any mobile device as well, allowing you to trade anytime and anywhere. Global CTB has also ensured that the trading platform delivers ultra-fast execution to allow traders to take advantage of every small movement that happens in the market. They have also added a number of advanced tools and features, such as live rates, one-click trading, custom indicators, advanced charts and graphs, as well.
Moreover, since it is a web trading platform, Global CTB is responsible for maintaining and updating it and traders are not required to install any security updates or others to keep it running smoothly.
A regulated environment
There are two categories of brokers that are currently offering their services in the market; regulated companies and unregulated ones. The former are those that are properly licensed and are monitored by a reputable regulatory organization. Due to this regulation, they have to follow appropriate standards, rules and guidelines that are set out by their regulatory organization. This involves maintaining full transparency when it comes to costs and policies and not indulging in any form of customer exploitation. Regulation can protect consumer interests in the long run because of these measures, as you know that the company will not vanish on you.
The latter category, on the other hand, is not under any organization’s control or monitoring, and device their own rules and policies. If you take a look at their offerings, you will be impressed because they certainly make some tall promises about charging low trading fee and offering excellent returns, features and more. However, it doesn’t take people long to realize that these are just claims and most of these unregulated brokerages are downright shady and not to be trusted with your funds or your personal information. Which category does Global CTB fall in?
The good thing is that it is a fully regulated and licensed broker and they are more than ready to provide you proof of it. All you have to do is visit their website and you will find a certificate of their regulation. They also comply with all regulatory requirements, which means they are upfront about their charges and follow fair pricing rules, they also share their policies and don’t spring up anything by surprise on their clients. In case there is any dispute, the regulator can step in and resolve it.
Straightforward sign up and multiple account choices
One aspect of a broker that does require attention is their sign up procedure. There are some companies out there that have unnecessarily drawn out this process, which is incredibly annoying because you will not be able to start trading right away. There is a possibility that you will miss several opportunities that could have been very profitable for you. In this regard, Global CTB has managed to stand out from the crowd because their sign up procedure will not take you more than a couple of minutes. Mostly, there is just one form that you have to complete and it doesn’t ask for any extra details that are not required.
You are asked to provide your first name, last name, email address, date of birth, country of residence, phone number and an account password. You will be registered instantly and can shift to the next stage, which is to open an account at Global CTB. This is another aspect of the broker that you will find appealing because they haven’t offered the usual choices that most companies are known to offer. If you do a comparison with others, you will notice that they usually give you three to four choices, but here you will find a total of six options.
The aim of Global CTB is to provide an account choice for traders of every skill level, so they will be able to find one they are comfortable with and trade with freedom and flexibility. The six choices you will find are:
Basic: Global CTB has developed the first account choice for traders who have just stepped into this market and like its name, it has been equipped with the very basic features needed. First, it comes with an incentive of a welcome bonus at 30% and traders are asked to deposit at least $250 to open this account. Traders can access the education section provided, attend PRO webinars, reach out to customer support 24/6 and also get price alerts and daily market reviews.
Beginner: The next account choice that has been created is for traders who are beginners, but not completely new. They are asked to make a minimum deposit of $10,000 for opening this account and are given a welcome bonus of 40%. There is also an addition of a junior account manager in this account because they can come in handy for the traders.
Medium: Traders who fall into the intermediate category will appreciate this account option because Global CTB has catered it to them. They are required to deposit a minimum of $25,000 for this account and traders are given a welcome bonus of 60%. Plus, a senior account manager is provided for help in developing the trading portfolio.
Advanced: As the name indicates, this account option is best suited for advanced traders due to which they are asked to deposit a minimum of $50,000 for opening it. Those who use this account are given a 70% welcome bonus and they will also be able to use the services of a VIP account manager who can offer more advanced guidance and tips.
PRO: Traders who have now reached the professional level have also been accommodated by Global CTB with the PRO account. They will have to deposit a minimum of $100,000 for opening this account and they receive a welcome bonus of 80% for it. In addition, they can enjoy the features of every other account option mentioned above in this account.
VIP: The last choice that you will find is referred to as VIP because it is a special account that’s only for traders who can meet a certain criteria. Since there are traders who have a massive trading volume and a huge portfolio, this account has been created. But, it should be noted that it is not possible to simply sign up for this account and there are certain eligibility requirements that have been imposed. You can find out about them by getting in touch with your account manager.
Low Trading Costs
People are entering the crypto market in droves because of its profitability. Buying and selling cryptocurrencies has become immensely profitable, especially because of their volatility, and there are many traders out there who have already managed to make a fortune in this space. However, it is vital to remember that the profits you take home will greatly depend on the costs you incur during trading. It is understood that when you are using a trading service, you will be required to pay some sort of fees and charges, but how much? This is the important question because it will have a direct impact on your bottom line.
Brokerages have different pricing policies, so there are no fixed charges that you can consider. Bear in mind that the cheapest company may not be the best option because it could simply be a tactic to lure you in. How do these trading services usually make money? They either charge spreads or impose a commission on every trade. It depends on how tight the spreads are and what the rate of commission is for you to know how much trading will cost. Global CTB is different from others because they are forward about their pricing policies.
First off, they have a zero commission policy, which is quite appealing because commissions tend to be quite costly. They make their profits via spreads, but you will also notice that Global CTB offers some of the tightest spreads in the market for providing incentive to their clients. Also, you don’t have to worry about any other kind of fee when you opt for this service, as they don’t have any account inactivity fee, maintenance fee or trading charges, amongst others. Plus, they don’t charge any money for deposits and withdrawals, allowing traders to keep their trading costs minimal and give high profits.
Strong security policies
Online frauds, scams and security breaches are a common occurrence and have become a major cause for concern for those who are indulging in any activity online that requires them to divulge their personal information or invest their money. This also applies to online trading because you have to sign up with a broker, which means sharing your personal information and also deposit your funds with them. This is undoubtedly risky and you would want to have as much security as possible. Global CTB has implemented strong security policies on their platform to create a secure trading infrastructure for their clients.
They have opted for customer account segregation, which means all client accounts are kept separate from the company’s accounts. This means that client deposits cannot be used for paying off any of the company’s own obligations and are only restricted for trading activities. They are kept with leading financial institutions to keep them safe. Moving on, Global CTB also uses advanced 128-bit encryption for protecting all sensitive and personal information that’s shared with them by their clients. They have also used strong firewalls on the website for keeping cybercriminals out.
Most importantly, Global CTB complies with AML (Anti-Money Laundering) and KYC (Know Your Customer) policies under which traders are asked to provide proof of identity and residence. The former can be done through providing a government-issued ID card, a driver’s license or passport, while the latter needs a bank statement or utility bill. By implementing these policies, the company is able to prevent money laundering, financial fraud, terrorist financing and identity theft on their platform, as only legitimate accounts are created.
When you go over Global CTB’s offerings, it is quite apparent that it is not like other brokers out there and can offer you the features you need for trading in the crypto market. They are also active in customer support and their transparency and services help them in distinguishing themselves from other trading services in the market.