(MENAFN- iCrowdNewsWire) Dec 6, 2020 12:00 PM ET
Global CTB Review
Almost everyone, no matter which industry they belong to, are now familiar with the global phenomenon of cryptocurrencies. Satoshi Nakamoto introduced the world to Bitcoin in 2009 and even he couldn't have imagined that he was setting the foundation for an entire industry on its own. Today, they have become a force to be reckoned with in the world of finance. Even though cryptocurrencies were founded more than a decade ago, it wasn't until 2017 that they really stepped into the limelight when Bitcoin crossed the $19,000 mark, making lots of people millionaires within the blink of an eye.
This has led to an influx of traders in the people because they also want a slice of this very profitable pie. Over the years, the crypto market has expanded and now the industry is brimming with a number of cryptocurrencies, along with Bitcoin. There are thousands of people who want to buy and sell crypto in order to leverage their volatility for making substantial profits. Thanks to technology, you can do this easily from the comforts of your home because there are plenty of brokers in the market that give you the freedom to do so. Similar to other instruments, you can trade crypto online and there are platforms that are more than willing to accommodate you.
Some of the platforms that you will find in the market are ones that have been around for a long time and they have offered trading services for other instruments like stocks, forex currency pairs, commodities and more. There are also those that have been set up not so long ago and are only dedicated to cryptocurrencies. It is better to go with the latter category because they are able to provide a lot more variety than the former and can offer features and tools that are specifically needed for trading digital assets.
The good news is that there are a number of crypto brokers that have been established in the last few years, so you will have enough options to choose from. This makes it easy to find one that you are comfortable with, but the only want to sort through the choices is by knowing some important things about the company in question. [To enable links contact MENAFN] GlobalCTB.com is the website of a unique crypto broker that you will find in the market and like others, it also claims to provide you with an optimal trading experience. Yet, to find out whether it fulfills its claims, you need to know as much as possible about it. What should you know about Global CTB? Let's find out:
Is Global CTB Regulated?
There are two categories of brokers that can be found in the trading world; some are regulated and others are unregulated. You need to understand the difference between the two before you move forward. To start with, regulated ones are properly licensed and registered entities that are monitored by third-party institutions and organizations. They are required to follow the rules and guidelines provided by their regulatory authority to maintain a set standard. Plus, they also have to fulfill a certain criteria before they can be regulated.
Unregulated brokers are the ones that are not registered or monitored by anyone and can make their own rules. Hence, the former option is a lot more secure because they are not categorized as shady and they are transparent about their activities and charges. Global CTB falls in this category, as they are properly licensed and regulated, and inform you about everything upfront. They do not have any hidden charges or conditions that can cause problems for you later on. They will not disappear with your capital and in case of any problem, you can get in touch with the regulatory authority.
Does Global CTB allow you to diversify?
While Bitcoin is undoubtedly the pioneer cryptocurrency, it is a fact that it is not the only crypto in the market anymore. Over the years, a number of other cryptocurrencies have popped up, even if Bitcoin has the highest market capitalization to date. You can find more than 5,000 crypto options in the market nowadays, and new ones are being introduced quite regularly. Most brokers that are offering crypto trading in the market will give you the leading choices like Bitcoin, Litecoin and Ethereum, but there are tons more.
If you are interested in diversification and want to try your luck with other lesser-known cryptocurrencies, Global CTB can provide you the options you want. They have done a great deal of research before adding the other crypto options to ensure they can offer good returns to their clients. Some of the other options that you will find on their platform include Ripple, Monero, Dash, NEO and Bitcoin Cash.
Are there any learning resources provided by Global CTB?
Since cryptocurrencies are still a relatively new trading instrument, the market is undergoing a lot of changes and developments. In addition, due to its volatility and unregulated nature, it is quite different from the other financial markets you will find. In order to succeed in this market, traders need to know how it works and the mistakes they need to avoid because even a small one can wipe out their entire investment. The problem is that most people are not familiar with how they work and don't know where to get the right knowledge.
Not all learning material online can be relied upon because it might be inaccurate or outdated. [To enable links contact MENAFN] Global CTB can assist its traders in this regard because they have created a whole education center on their website, where they have put together a ton of learning resources. They have added these resources in various forms, such as e-books, video tutorials, articles, online courses and webinars. A number of topics related to the crypto market are covered under this category. While these are certainly helpful for beginners and newbies, there are also webinars and other resources for skilled traders that can assist them during the trading process as well.
What are the registration requirements at Global CTB?
You have to deal with the process of registration before you can use a broker's services, but this can often be frustrating because some tend to have time consuming steps in place. They may ask for detailed information that's not relevant or have approval procedures that you don't want to go through. Therefore, it is definitely a plus point to discover that Global CTB has not complicated their registration procedure. You will come to know that their process is simple and free of any lengthy requirements.
Their registration process comprises of filling out one form that's easily available on their website. It asks you to share information, such as your first and last name, phone number, and date of birth, location, an email address and a password. After you have completed the form, you have to agree with their Terms & Conditions, which ends the registration process. You don't have to wait for any approvals or follow any other steps.
Does Global CTB offer any account options?
If you have taken a look at some of the brokers in the market, then you are probably familiar with the fact that they offer account options to their clients to choose from. The purpose of doing so is to help traders in finding an account that suits their risk appetite, skill level and their trading background. Not all traders are the same; some are new to crypto trading, while others may have some experience. Hence, their needs can vary and to accommodate them, Global CTB has also added some account options. In fact, unlike other platforms that usually have two to three options, they have added six.
Each of these account options come with different features and resources. Take a look at them here:
To facilitate traders with zero experience in the trading world, the Basic account option has been added. It can be opened by depositing a minimum sum of $250 and it gives users access to 24/6 customer support, a sign up bonus of 30%, Daily Market Review, price alerts, PRO webinars and access to the education center on the company's website, which provides useful information.
The next account option is for traders who have a little bit of experience and understand the basic concepts of trading. The Beginner account asks for a deposit of $10,000 and offers them a higher sign up bonus of 40%. Features of the previous account are available here, with the addition of a junior account manager to provide guidance.
This account option has been primarily developed for intermediate traders, who do have some experience under their belt. Therefore, the minimum deposit requirement for this account option is at $25,000. In this account, you enjoy the features of the other two accounts, with some differences. Rather than a junior account manager, you will get a senior one who has a lot more expertise and experience. Plus, you also get a higher sign up bonus of 60%.
Traders who have enough experience to start taking big risks can opt for the advanced account because it is for advanced traders. The minimum amount to be deposited for it is $50,000. It comes with a sign up bonus of 70% and provides a VIP account manager, as a bigger portfolio has to be managed and greater expertise is required by traders.
The account name makes it obvious who the target audience for this account is; professional traders. To open this one, you are asked to make a minimum deposit of $100,000 and it gives access to features available in the rest of the aforementioned accounts. The sign up bonus for these traders is 80%.
The last account option that you will find on this platform is referred to as VIP and it is for expert and VIP traders only. It is not possible for sign up for this account on your own because there are some prerequisites that have to be met. It comes with special tools and features for these traders and you can find information about the requirements by getting in touch with your account manager.
Does Global CTB offer any support?
Knowing whether a broker provides you with support or not is essential because there will be times during trading when you need help for one reason or another. You may face a technical issue or have other complaints that you want resolved. If you don't get your answers right away, it could cause you to miss out on trading opportunities and can even result in losses. As far as Global CTB is concerned, they have not taken customer support lightly.
They have been quite active in this regard as their support is available 24/6. You will find an FAQ section on their website, where they provide answers to common queries traders may have. If you don't find your solutions here, you can use various channels to [To enable links contact MENAFN] get in touch with Global CTB's representatives. You can talk to them via email, live chat or give them a call, depending on how quickly you want a response.
What trading costs will be charged by Global CTB?
It is crucial to know what kind of trading costs will be charged by a broker before you opt for their services because these can eat into your profits. While other companies may not be upfront about their costs, Global CTB is different in this regard. They are quite transparent about their costs because they don't want to mislead their clients. You don't need to worry about any commission because they don't charge any; instead, they use spreads and have offered some of the tightest and lowest ones in the market, which enable traders to maximize their profits. Also, there are no charges associated with inactive accounts or any fee for deposits and withdrawals.
With Global CTB, every trader, whether they are new or experienced, can step into the crypto market and leverage them to earn profits.