Even if you are not part of the trading world, you have probably heard about cryptocurrencies. Bitcoin was first launched in 2009 by Satoshi Nakamoto and even he couldn’t have imagined the impact it would have in the world of finance. It is true that Bitcoin and the concept of cryptocurrencies has been around for more than a decade, but it really gained traction in 2017 when the pioneer cryptocurrency hit a whopping price of $19,000. Since then, interest in cryptocurrencies has increased rapidly because there are many people out there who want to earn millions, similar to what early Bitcoin investors did.
This has spawned an entire crypto trading market, which is brimming with traders who want to buy and sell crypto and brokers who provide the former with the features and tools needed to do so. If you are also fascinated by cryptocurrencies and want to try your luck trading them, you will first need to choose a broker. You cannot just go online on any platform and buy and sell crypto. There needs to be a proper platform and trading tools and services are needed if you want to do it right. This is where brokers come in and you will find tons of options.
Some of these brokers have been around for years and have been providing trading services albeit for other instruments like forex, commodities etc. They have added crypto to their asset index to facilitate their clients. The problem with these brokers is that they offer only limited options and can provide general services. Cryptocurrencies are a volatile asset and you need specific tools and features to trade them profitably. Therefore, it is best to opt for traders like GlobalCTB, which specialize in crypto trading. This means that they have specially formulated their platform and tools for trading cryptocurrencies.
However, this is not the only reason why GlobalCTB is a good choice. There are several other brokers that only offer crypto trading, then why go with GlobalCTB? First and foremost, their professional team is an excellent reason to opt for this broker. It was founded by a group of traders who had experience in the market and were aware of its ins and outs. Therefore, their offerings are exactly what any trader would expect from a broker. They have eliminated the problems that traders have to encounter with other brokerages, allowing for a more flawless experience.
Nonetheless, before you sign up with any broker, it is best to ask some questions in order to ensure they are the right fit for you. What should you ask about GlobalCTB? Here are some important questions:
- What is GlobalCTB’s regulatory status?
When you begin your search for a crypto broker, you will find lots of brokers, some of which are regulated and some unregulated. What’s the difference between the two? Regulated brokers are the one that are registered and licensed by a third-party organization. It has to follow rules set by them and their actions and operations are monitored. There are certain requirements that have to be fulfilled in order to become a regulated broker. Unregulated brokers, on the other hand, are those that are operating on their own and there is no one to monitor or regulate them.
Any legitimate broker that wishes to cater to the market would definitely opt for regulation, as GlobalCTB has done. Majority of unregulated brokers are shady and scam their clients out of their hard-earned money. With GlobalCTB, this is not something you need to be concerned about as the broker has made the effort of getting regulated. This means they have fulfilled the necessary capital requirements and operate in a fair and transparent manner. When you opt for GlobalCTB, you can rest assured that your investment is secure as the broker will not disappear overnight.
- What cryptocurrencies can you trade with GlobalCTB?
The cryptocurrency market may have started with Bitcoin in 2009, but today, it is not the only one in the market. It is true that Bitcoin remains on top with the highest market capitalization, but it is certainly not alone. There are almost 5,000 cryptocurrencies that you can find in the market, each of which boasts some unique features. Most brokerages offer you the top market options like Bitcoin, Litecoin and Ethereum for trading. But, what if you want to diversify even more? There are some other cryptocurrencies that have a lot of potential.
You can invest in them with GlobalCTB. The broker has gone to a great deal of effort to provide its clients with access to a plethora of cryptocurrencies, which include the top options, as well as other newer ones that are quite promising. Signing up with this broker gives you the opportunity of trading Ripple, NEO, Bitcoin Cash, Dash, Monero and plenty of other cryptocurrencies that are doing quite well in the market. GlobalCTB checks every crypto thoroughly before adding it to their index in order to ensure it is not a scam.
- What kind of educational support does GlobalCTB offer?
Cryptocurrencies are a relatively new asset and the market is still evolving. Moreover, this market is also very volatile and changes constantly, which means traders have to be on their toes if they don’t want their capital wiped out and wish to earn profits. Having detailed knowledge about how the market works and effective strategies that can be used can make a big difference in the outcome of your trades. Sure, you could tap into the internet for information, but there is a good chance it is unverified and consequently, unreliable. GlobalCTB has addressed this problem for its traders because it has developed an educational portal for them on its website.
This portal is comprehensive and thorough and can provide traders with valuable and insightful information about the crypto market. The information can be found in the form of video tutorials, e-books, online courses, articles and webinars. These cover a variety of different topics pertaining to cryptocurrencies. Furthermore, GlobalCTB has not just added content that’s useful for beginners; the webinars and articles come from market experts and can help experienced traders in devising new strategies and polishing their skills.
- How long does it take to register with GlobalCTB?
A lengthy sign up procedure can be a major turn off for people who want to start trading crypto right away. The market is constantly changing and you will miss out on a lot of opportunities if the sign up process takes too long. While other brokers may require you to complete a lot of steps in order to sign up with them, GlobalCTB has kept things simple. The broker caters to both newcomers and skilled traders alike, due to which it doesn’t have a long, drawn out registration procedure.
In order to register on GlobalCTB’s platform, you have to share some basic details like name, email address, phone number, date of birth, location and your password. It only takes a few minutes to enter this information and your account will instantly be approved. You don’t have to wait for approval, something that’s common with other brokers.
- What account options does GlobalCTB offers?
It is the norm for brokers to offer a number of account options to their clients at the time of signing up. The purpose of offering different account choices is to cater to the needs of global traders. Not everyone has the same capital, risk tolerance and skill in trading. Thus, their requirements will vary and account choices can ensure that traders can opt for one that suits them the most. Most brokers are known to offer three account choices, one for newbies, one for skilled and one for professional and advanced traders. But, even these options might be a bit limited. Knowing that, GlobalCTB has included six account options on their platform. Let’s check them out:
The first account option at GlobalCTB carries a minimum deposit of $250 and is aimed at those who are fresh in the crypto space. They will receive price alerts, a signup bonus of 30%, access to the broker’s education portal, Daily Market Review, 24/6 customer support and also PRO webinars that can be a valuable source for information.
This account option was added by GlobalCTB for traders who have just started crypto trading. They are not completely fresh, but don’t have a lot of experience either, hence the Beginner account. A deposit of $10,000 is required for this account option. All features of the Basic account are available in this one with a couple of exceptions; a junior account manager is now provided for guidance and assistance and signup bonus is now 40%.
As the name indicates, this particular account option at GlobalCTB is for those who are neither new nor too experienced. The minimum deposit requirement for this account is set at $25,000 and the bonus is once again increased to 60%. This time around, the junior account manager is replaced with a senior one because these traders take more risks and needs greater guidance to help them in turning profits.
When you have enough experience to start taking big risks, you will need the advanced account offered by GlobalCTB. This account can be opened with a deposit of $50,000 and traders are given incentives in the form of a bonus of 70%. This account doesn’t offer you a senior or junior account manager; here a VIP account manager is provided because you are in the position of making more lucrative investments and need greater expertise.
As obvious from the name, this particular account option is added by GlobalCTB for catering to professional traders. The minimum deposit requirements start at $100,000 and all features offered by the broker can be accessed by traders under this account. Plus, the bonus is now at 80%.
GlobalCTB has also added a VIP account for traders who have a very high trading volume. Their requirements are different from the rest because of the sheer amounts they invest. Therefore, the broker has created a unique account option for them that offers them special features and tools. There are certain conditions that have to be met for opening this account and these details can be obtained by talking to your account manager.
- What kind of trading costs will you incur with GlobalCTB?
It is not a good idea to choose a broker without checking out their fees and other charges because these determine your trading costs. The problem is that not every broker is forthcoming about their charges, which means traders have to deal with hidden costs. GlobalCTB bank has chosen not to mislead its clients in this way and is upfront about its charges. The broker has clearly stated that it doesn’t charge any commissions on trades, but then how do they earn?
The broker profits from spreads, i.e. the difference between the buying and selling price of a crypto. GlobalCTB is offering some of the tightest spreads in the industry so you can keep your costs low. Furthermore, they don’t have any fee for inactive accounts nor charges on deposits or withdrawals.
Knowing the answers of the aforementioned questions is important because it tells you how GlobalCTB can address your trading needs and requirements. Apart from these aspects, the broker has also worked on introducing strong security measures for protecting their clients’ funds and their confidential information from cybercriminals. In addition, GlobalCTB offers responsive and fast customer support to traders in order to ensure they don’t encounter any problems in making trades. You can trade a huge range of cryptocurrencies, enjoy excellent prices, open an account that works for you and keep your costs at a minimum when you opt for GlobalCTB’s trading platform and services.