GTLot was an unlicensed & offshore Crypto CFD and Forex Broker, that opened in May 2020. They are naturally out of business like all unregulated brokers.
You must use a licensed and regulated broker, otherwise they are a Ponzi scheme that one day disappears!
See the list of Regulated Brokers.
GTLot Broker Review
Our full review of the new brokers called GTLot finds, that the trading app their investors are using is made by Airsoft. The Airsoft trading platform is a basic web-based CFD software, and you will not find an option to use MT4 (MetaTrader 4) or a mobile trading app. Look at the screenshot shown below, and you will see what their web-based trading platform looks like.
GTLot Day Traders and Investors will find hundreds of underlying assets available for CFD trading including; Shares, Crypto Currency, Forex Pairs, Stocks, Commodities and Market Indexes. The minimum deposit for a new trading account is officially $250.
Crypto algorithm trading bots like Quantum Code, advertise via Fake News articles and use the images of known celebrities and actors illegally. Before falling victim to one of those get rich quick scams, read this article.
Is GTLot a Legit Broker?
No, GTLot is not a licensed or regulated broker. Although this broker tries to give the impression that they are located in the Netherlands, the fact is that they are not regulated by the AFM.
GTLot is really owned by: Major Technologies LTD, and located at: Beachmont Business Centre, Suite 89, P.O BOX 1510, Beachmont Kingstown, St. Vincent and the Grenadines. Contact phone number on their website is in the Netherlands: +31850643590. Customer service email address is: [email protected]. Official website is at: https://www.GTLot.com/.
At the Scam Broker Investigator, we use a quick and easy approach to determine whether a CFD broker is legitimate or a scam. We check if the broker is licensed and regulated by any one of the following government regulators; FSCA South Africa, FCA United Kingdom or ASIC Australia. All Crypto brokers, no matter where you live, must be licensed and regulated by the financial regulatory agency in your country.
If you have problems making a withdrawal from a broker, you should read this article. You can find popular Forex brokers that are licensed and regulated listed here.
Compare Popular Brokers
Investor have so many Crypto Brokers and Forex Brokers to select from today, and therefore, you should first try one of popular licensed brokers.
ForTrade is currently our most popular broker for CFD investors. Why? Because ForTrade is regulated in Europe, Australia, England and Canada, see here.
Try a Free Demo on their unique trading app, signup here.
If you are currently investing at this broker, please share your experience in the comments below.