Global CTB Review
The financial industry has experienced a number of changes in the last decade. Technological advancements have brought about developments and changes in various industries and finance is no exception. However, this industry has had one of the biggest introductions made that has changed the course of many others. This is none other than cryptocurrency. Satoshi Nakamoto, who remains unidentified to this day, introduced Bitcoin in 2009, which was the first cryptocurrency to ever hit the market. This was the first time that people had heard about a digital currency and it didn’t garner much interest because it was unregulated.
The concept of cryptocurrency was to provide a payment system that couldn’t be controlled by any central authority and would remain free of interference. It also provided anonymity, which made it a great tool for scammers, fraudsters and other criminals. For a long time, this remained the case and it wasn’t until 2017 that the crypto scene really exploded. This was when Bitcoin reached its peak and hit $19,000 per coin. Investors all over the world became millionaires overnight and it generated a lot of interest in this trading instrument. A large number of cryptocurrencies have now joined Bitcoin in the market, even though it remains the leader.
In fact, cryptocurrency adoption has also increased and it is now being used as a mode of payment. Suffice it to say, this market has a lot of potential and many people want to take advantage of it in order to reap the rewards. The good thing about crypto trading is that it is not very different from other forms of trading. The steps to get started remain the same, which means the first thing you have to do is find a reliable and trustworthy broker. When the demand for crypto increased, it automatically prompted the launch of numerous brokerages in the market.
This means that finding a crypto broker wouldn’t be a problem for you. But, finding the right one is not that easy. Brokerages have to be selected carefully because there are both good and bad ones, but this is even more important for cryptocurrencies. Why? This is due to the fact the crypto market has become rampant with brokerage scams and a lot of people have been duped in their desire to trade. If you end up with a scam, you could lose your money or even have your information stolen and used for illegal activities. It can have serious and long-term repercussions that you don’t want to deal it.
Even if the broker is not a scam, you may opt for one that doesn’t offer you any good features and tools or charges very high fees that can eat into your profits. In a nutshell, the choice of a broker needs to be made after thorough research and contemplation. Also, it is best to find a broker that specializes in crypto trading rather than one that offers it along with other assets. The former will be able to provide a more suited and custom platform for crypto trading and will facilitate their clients by offering the right trading tools and features.
One such broker that you will find is Global CTB. The name will pop up several times when you search for legitimate brokerage options, but most people avoid it because it is comparatively new. However, if you do some research, you will come to know that even though it hasn’t been around for long, it has developed a loyal following. This is because it offers a staggering number of useful features and services that all ensure a smooth and seamless trading experience for all crypto trader.
Global CTB provides its services globally, and to traders regardless of their skill level, experience and background. They are able to provide the perfect package because the team that established this brokerage have also traded in the crypto and equity markets. This has given them the best understanding of what is required for traders to have a profitable and hassle-free trading experience.
Is Global CTB a Scam?
You might be asking yourself “is Global CTB scam or legit?”. Well rest assured that Global CTB is a legitimate and safe broker for your trading needs.
Read on to see the top features at Global CTB that have helped the broker in developing a strong reputation in the market in a short span of time:
- Impressive Cryptocurrency Options
What makes crypto brokers different from other brokers in the market? Trading brokers that offer other assets like Forex, stocks and other instruments will only provide you with a handful of options from every market. This also applies to cryptocurrencies. Most of these brokers only give you the top three to four cryptocurrencies to trade and that is it. But, not everyone wants to trade Bitcoin, Ethereum or Litecoin. Some people want more options because they are looking for the next Bitcoin that will give them massive profits. This you can only get when you choose a crypto broker like Global CTB.
There are more than 5,000 cryptocurrencies in the market currently and more are being added every day. While not all may last for long, some do turn profits and can help traders in adding to their bank account. Therefore, Global CTB doesn’t limit its clientele to just a couple of options. The broker has added some other and smaller cryptocurrencies including Bitcoin Cash, Ripple, NEO, Dash and Monero to their asset options. The most important thing to know is that Global CTB doesn’t just add any random crypto to their choices. The broker has an entire team that researches a cryptocurrency, which includes checking its whitepaper, background and founders before adding it to their asset index.
Thus, when Global CTB has added a cryptocurrency to their list, you can rest assured that it is a legitimate one and not just another Ponzi scheme that might scam you out of your money. You can diversify your crypto investments and make the most of it even when there is turbulence in the market. As crypto is very volatile, investing in multiple options is the easiest way to protect yourself from sudden movements.
- Web-Based Trading Platform
You have heard people discuss their experience with a crypto broker? When you are looking for tips to choose a broker, you will be repeatedly told to ask others about their experience with the broker in question. The question is what do they mean by experience? Your trading experience with a broker is mostly about the trading platform they provide. This is the software that’s used for opening and closing trades, maintaining your account and accessing the market. The technology powering the platform, its speed, the features and tools it has available and other factors affect its performance, consequently impacting your experience.
No matter how good a broker is, if their trading platform is not any good, you will not be able to enjoy trading. Global CTB knows what a pivotal role trading platform can play and so they have developed their own proprietary software for their traders. You don’t get the one-size-fits-all trading platform as they have chosen to forego the desktop option. Instead, Global CTB has introduced a web-based trading platform, which you can access through a browser. This alone makes it exceptional because it gives traders flexibility. Mobile trading is made possible, which is immensely helpful these days because not everyone wants to trade via a single device.
Apart from that, Global CTB has also made significant effort to ensure that their trading platform delivers exemplary performance. If trading platforms don’t work smoothly, they can cause delays in trade executions, which can result in losses or mixed profits for traders. Global CTB’s trading platform is fast and efficient and reflects all your trades in real time. Being a web-based platform, it doesn’t require any form of download or installation. In addition, you don’t have to install security updates or deal with any other maintenance because the broker will deal with it.
Another important thing to note about Global CTB’s platform is that they have developed their trading platform to be intuitive and user-friendly. The purpose is to ensure that even those without any experience will be able to master the platform quickly and start trading. The dashboard is easy to manage and makes everything accessible without requiring you to search for it. Global CTB has equipped their platform with some of the best features and tools, including one-click trading, live rates and charts, custom trading indicators and graphs. The platform also has 128-bit encryption for keeping all trades safe.
- Compliance with Regulatory Requirements
There are two kinds of crypto brokers you will find in the market when you start looking; there will be regulated brokers and unregulated ones. If you compare the two, you will notice that the latter make a lot of big claims about low trading fee, top notch trading tools, excellent performance, great profits and what not. But, research will show that most of these are just empty promises and there will be nothing on their website to back these up. In fact, if you make the mistake of signing up with these brokers, you are more likely to get scammed out of your money and left empty-handed. Even your sensitive information will not be safe.
This clarifies that only regulated brokers should be chosen because they are monitored by a reputable regulator in the financial industry. Regulation ensures that the broker is legitimate, follows all guidelines and rules, is fair to their customers and doesn’t attempt to take advantage of them in any way. Their activities are monitored and accounts are also audited by a third-party so they cannot just vanish into thin air with your money. With the increasing number of crypto scams, it is best to opt for a regulated crypto broker and Global CTB falls in this camp.
If you have any doubts about their regulation, the broker certainly doesn’t hesitate in clearing them up as the certificate is up on their website for the world to see. They are upfront in all their policies, offer the right security, transparent and fair pricing, along with insurance. Plus, if any disputes do arise, the regulator can mediate and assist in coming to a solution, something that doesn’t happen with unregulated brokers.
- Fast Signup and Flexible Account Choices
Weighing the sign up procedure of crypto brokers is necessary because there are some brokers that can take days for approving your registration request. This means precious days wasted where you could have earned hundreds of dollars. You obviously want to start trading right away in order to get the benefits you have heard about. Thus, Global CTB gives you the chance to do so as soon as you provide them with some basic information like email, password, name, date of birth and location. You enter this data and you are now registered for trading at Global CTB. It is possible to move onto the next step immediately; choosing an account type.
Even here, Global CTB doesn’t follow the footsteps of most crypto brokers. Their priority is to assist their customers as much as possible and to make it happen, they have come up with flexible account choices. Most crypto brokers will only give you standard options that you find everywhere, but Global CTB has considered the needs of all kinds of traders when formulating these account options. They have made it easy for anyone, no matter what level of crypto trading they want to do, can find something suitable. A total of six account options are available, which are mentioned as follows:
- Basic Account: If you have just stepped into the crypto market, this account is for you. Global CTB asks you to deposit just $250 to open this account and what do you get in return? First, you receive a 30% welcome bonus and to add to it, you can enjoy features like 24/6 customer support, education section and PRO Webinars access, Daily Market Review and price alerts.
- Beginner: When you have already begun your crypto trading journey, Beginner is better suited for you. As per Global CTB’s rules, you have to deposit at least $10,000 to open this account. It will make you eligible for a welcome bonus of 40%. Along with features of the Basic account, you will be able to use the services of a junior account manager.
- Medium: Traders with some experience can choose the Medium account because they are now in the position to deposit $25,000. This is the deposit requirement set by Global CTB for this account type. They are willing to offer traders a welcome bonus of 60% for this account and also add a senior account manager for managing their portfolio.
- Advanced: if you are now an advanced trader and have some serious skills, Global CTB’s advanced account is more appropriate for you. The minimum deposit requirement for this account is $50,000 and the Welcome bonus now reaches 70%. A VIP account manager goes with this account as traders take big risks here and need more experienced guidance.
- PRO: Global CTB has kept this account option for professional traders and have asked them to deposit $100,000 for it. The welcome bonus offered in this account is 80% and the trader can enjoy all features that the broker has introduced.
- VIP: When you are signing up, you will not find this account option in the list because it is only available for specific traders, as obvious from the name. Global CTB understands that some traders have very high volume of trading and need special tools for managing them. This account type is especially designed for these traders to accommodate their needs in the best possible way. To know the requirements for this account, you can get in touch with your account manager.
You can go over all the choices and choose an account that you are comfortable with. For the deposit, you are offered three choices in terms of currencies; Euro, USD and GBP. The denominations remain the same for all.
- Low Cost of Trading
There is no doubt that crypto trading can be profitable. You have come across stories of thousands of traders who have earned millions through crypto trading and this is what has drawn you to this market in the first place. Yes, the volatility has its risks, but it can also give massive profits, which is a big bonus for people. But, in order to enjoy such profits, you also need to take into account the trading costs you will incur. You want the costs to be as low as possible because this leads to high profits. So, how do you calculate the costs? These really depend on the broker you choose because every broker has a different pricing policy.
Nonetheless, this doesn’t mean that you go for the cheapest broker because, as mentioned above, low pricing is often a tactic used by scammers to lure in victims. It should be understood that brokers can make profits in two ways; they either use commissions or charge spreads from their customers. Commissions can be very costly, particularly when your trading volume is high. Spreads are much better, but this also depends on how tight they are.
When you opt for Global CTB, you will be pleased to know that they do not have any commission policy. You will be charged zero commission on any trades you make. Obviously, the broker has chosen the spreads model, but here again, they have chosen not to exploit their customers. They offer some of the tightest spreads in the entire industry to motivate their traders. Moreover, they don’t charge additional costs in the form of trading fee, account maintenance fee, inactivity fee and so on, which helps keep trading expenses low and profits high for traders. No charges are applicable on deposits or withdrawals either.
- Top-Notch Security Policies
It bears repeating that scams are rampant in the crypto market and the only way to keep cybercriminals at bay is through appropriate security policies and measures. An authentic and genuine broker will never make compromises in this regard because poor security puts their clients at risk and can tarnish their reputation. Global CTB is a regulated broker and dedicated to providing a safe trading environment to its customers. Therefore, they have taken complete advantage of SSL (Secure Socket Layer) encryption for keeping all information, including clients’ information and communications, safe from third parties. Robust firewalls are used for keeping cybercriminals out.
As per regulatory requirements, Global CTB has also implemented the AML (Anti-Money Laundering) and KYC (Know Your Customer) policies. These require traders to submit some documents to verify their identity. They have to give proof of ID in the form of ID card, passport or driver’s license. Proof of address is also needed in the form of bank statement or utility bill. Credit card pictures are required if you plan on using it. These policies can help eliminate fake accounts from the brokerage’s platform that only want to infiltrate the network and take advantage.
Lastly, the broker has also kept segregated accounts for its clients to avoid any discrepancies in traders’ funds. This is reassuring because even if the broker goes bankrupt, your funds will be safe.
- Accessible Customer Support
Last, but certainly not the least, customer support is also a vital part of every service and this applies to brokerages as well. Global CTB has not neglected its customer care department and has provided several options for their customers. They have an FAQ section where answers are available for problems that most people face. If you are not satisfied, you can get in touch with their representatives through email, phone or opt for the live chat option on their website. They give a fast response and are available Monday to Saturday, 24 hours a day.
Global CTB is a legitimate and licensed crypto brokerage that gives traders all over the world the opportunity to trade tons of cryptocurrencies via an innovative trading platform. Their customer support, educational resources, low trading costs and account choices are second to none and can deliver an optimal experience.