In the last couple of decades, the trading world has undergone some notable changes. There has been addition of new financial instruments and trading procedures and options have also evolved due to technological progress and the widespread use of the internet. There was a time when trading was only reserved for the elite, who had huge sums of money to invest, but this is no longer the case. Online trading has opened more doors for everyone to try their luck in the financial markets and many have managed to make their fortunes here. If you are looking for a way to earn money, trading can help you out as well.
But, it is important to remember that your success in trading depends on several factors. Your knowledge and understanding of the financial markets, along with your experience makes a difference. Most importantly, your choice of broker can also determine the outcome of your journey. With the growing popularity of trading, it is not surprising that the number of brokers has also grown. However, you need to tread carefully when you are looking at brokers because not all of them will be capable of meeting your needs. If you end up choosing an unsuitable broker, you will not be able to achieve your trading goals.
Therefore, when you are considering your options, there are some questions you need to ask. You will come across the name of Global CTB, a broker that was founded by a team of former traders, and has developed a strong reputation in the market. Asking the right questions about this broker can help you ascertain if it is the right choice for you or not:
- Is Global CTB regulated?
The first question in our Global CTB review should be about a broker’s regulatory status because you don’t want to sign up with a shady or unregulated brokerage. Regulated brokers are legitimate entities that have the appropriate license to provide financial services and are also monitored by reputable organizations, so you don’t need to worry about exploitation. You will come to know that Global CTB is indeed a regulated brokerage and complies with international guidelines and standards in delivering their services. The broker is upfront and transparent about every feature and does not mislead its clients in any way.
- How can you register with Global CTB?
Next thing you need to know about a broker is how you can register with them. Some brokerages ask for excessive information or have time-consuming procedures, which can often be frustrating. Hence, it is best to know ahead of time, so you can make a decision. Global CTB is unlike other brokers in this regard because their registration process is simple and easy to follow.
There is just one form available on their website that needs to be filled and you have to provide very basic information. This includes your name, location, phone number, date of birth and email address and a password. You will be asked to choose your account currency and agree to their Terms & Conditions. It doesn’t take more than a few minutes and you will be registered at Global CTB.
- What account options does Global CTB offer?
After the registration process is complete, you still have to open an account with the broker in order to start trading. Brokerages are known to offer multiple account options, particularly those that offer their services to all traders. Global CTB falls in the same category and so, they have come up with six account choices for their clients. These options are Basic, Beginner, Medium, Advanced, Pro and VIP. You have to deposit a minimum of $250 to open the basic account whereas the highest deposit is needed for opening the Pro account i.e. $100,000.
As for the VIP account, it is only offered to traders who complete certain requirements in regard to trading volume and more. Global CTB has also added some common features in all accounts, such as daily market review, 24/6 customer support, education center access and price alerts. Every account also comes with a welcome bonus, but the percentage of the bonus will vary. It begins at 30% in the Basic account and goes as high as 80% in the Pro account.
- Does Global CTB offer educational resources?
The world of trading is constantly evolving and changing and every trader, whether they are beginners or experts, have to keep up if they want to succeed in the long-term. To help its clients in doing so, Global CTB has added a ton of educational resources on its platform. It is essential to know how the market works, learn how to develop an effective trading strategy and get familiar with the jargon in order to maximize profits and minimize losses.
Global CTB has put together tutorials and videos, online courses, along with blogs, articles and e-books that cover various aspects of trading. In addition, they give you access to PRO webinars of expert and professional traders that can give you an insight into the market and help you learn from the best.
- How much trading costs will you incur at Global CTB?
Perhaps, one of the most vital questions that a trader should ask about a broker is related to their trading costs. You need to know how much costs you will have to bear because it has a direct impact on your bottom line. Global CTB has chosen to forego the commission model in favor of spreads. This means that a fixed percentage is not applicable. The good thing about spreads is that the broker is offering you some of the lowest and tightest spreads in the market. Plus, it doesn’t have a policy of charging any hidden fees and there are no charges imposed on account setup or maintenance. Likewise, deposits are free of cost and withdrawal charges are also minimal, allowing brokers to keep their costs low and profits high.
So is Global CTB scam or legit? Given all the above experience we can surely say that Global CTB is legit. When you have the answers to these questions, you can choose Global CTB as your broker and venture your way into the trading world.