Are you one of the traders who think trading safely is the most important thing and an integral part of online trading? Of course, there are many other features that you can pay attention to, but nothing comes closer to the safety of the trader in this online trading world. Unfortunately, not all the online trading platforms can offer you the type of safety that you are looking for. For that reason, I have brought to you this short Gtlot review so you can find an option that gives you the peace of mind while trading that you have been looking for.
As easy and straightforward as it may seem, offering security to traders is not an easy task. The online brokers have to invest in modern technologies and go out of their comfort zone to create a system where the trader feels truly safe. This is the feeling that Gtlot can really offer you and I am telling you that because I have researched this company myself. Let me tell you more about its security features in this review.
Segregated Funds for Traders
Do you know that one of the issues that you can face while trading online is having your money mixed up with the money that belongs to your trading services provider? It is not going to be your fault, but it is the carelessness of the online platform you have signed up with that will result in this problem. So, when you deposit money, your money will go into an account where the money of the broker is already resting. Mixing the money of the traders with its own money is not something that suits online trading services providers in the context of professionalism and industry standards.
You will be shocked to know that a lot of online platforms don’t really pay attention to this problem. On the other hand, you have Gtlot offering you complete peace of mind through its segregated funds feature. This means the money you deposit in your online trading account does not go into the account of the broker. It goes into accounts that belong to the traders and are at the most recognized, trustable, reliable, and properly audited banks.
Encryption of Your Data
To open your trading account with Gtlot, you will have to give out your personal and banking info. Unless you do that, you will not be able to sign up with the platform and trade your favorite assets. Now, you should think twice before you provide personal details to someone on the internet. You have to ask them if they have proper protocols and tools in place to keep your data safe. If that’s not the case, you should look elsewhere for your trading ventures. Again, you will be glad to know that Gtlot takes care of this problem as well.
It encrypts your data as soon as you provide it on some web form or through other means. It encrypts the data using 256-bit protocols, which means your information is under latest security layers.
KYC and AML
As I stated earlier, you will have to provide the broker with your personal and banking information. You want that information to be safe through encryption. But the most important thing is why you are asked to provide this information? Well, this company operates with the industry’s standards and thus requires you to adhere to the KYC and AML regulations. You have to provide your personal details with accuracy and also make sure that the trading services provider gets your banking details right. Adherence to these policies also makes the online platform more reliable and trustable.
Your options are not limited if you are looking for an online platform for your trading needs. However, security must remain an important concern for you and also the deciding factor that either stops you or allows you to sign up with an online company that provides you with trading services.