Global CTB Review
Even though the first cryptocurrency was introduced in 2009, they have really hit their stride in the last few years and they don’t seem to be slowing down anytime soon. It may have started with Bitcoin, but the market has more than 5,000 crypto coins, each with different features and profit potential. These days, people are expressing a great interest in cryptocurrency because they want to earn massive amounts of money in a short period of time. Hundreds of investors made profits overnight in 2017 when Bitcoin reached a whopping $19,000 and other cryptocurrencies also experienced a similar surge.
This prompted others to rush to the crypto market, hoping to make similar returns. Therefore, it is not surprising to discover that lots of platforms have popped up in the market to help aspiring traders in trying their luck in the crypto market. However, it is essential to remember that just because a crypto broker exists and offers you trading opportunities, it doesn’t make them reliable. If you do some research, you will come to know that most of these platforms have turned out to be scams. Since cryptocurrency is unregulated, scams are rampant in the market. A lot of scammers are sophisticated enough to develop websites similar to some of the top brokerages in the industry.
Their websites are so well-designed that it can be difficult to identify them as frauds just by looking. But, if you do your due diligence, you will be able to figure out soon enough that these websites are scams. They are just looking to take advantage of the booming crypto market to make a quick buck. You need to steer clear of them, but then which ones do you consider? There are some brokers in the market that have been around for years and offer a variety of trading instruments like stocks and forex currencies. They have added crypto to their offerings, but only a limited number are available.
Rather than going for these, it is better to look for brokers that specialize in cryptocurrency and are legitimate as well. Does this combination exist? Indeed, there are some genuine and professional brokerages that do cater to traders who want to trade numerous cryptocurrencies. The beauty of these brokers is that they provide their clients with access to all the features and tools they need for trading cryptocurrencies effectively. One of these brokers is Global CTB and it provides services that cater specifically to crypto traders. While it is certainly not the only crypto broker in the market, it is undoubtedly a good one.
Global CTB was established by a team of former traders who have knowledge of the market and first-hand experience of the many problems that traders have to encounter. Therefore, when they decided to form a brokerage, they ensured that their clients wouldn’t have to face the same problems they did. When you sign up with this crypto broker, you can have a well-rounded and smooth trading experience as opposed to any other brokerage in the market. But, how does Global CTB provide such an experience? Listed below are some of its prominent and notable features that have helped it cater to crypto traders:
- Global CTB is a well-regulated broker
Cryptocurrency itself is highly unregulated, which means there is an inherent risk when you step into this market. Obviously, every trader would want to minimize their risk as much as possible and the best way to do so is to find a regulated broker. Yes, there are two types of brokerages that you can find; regulated and unregulated. The former are licensed and monitored by a regulatory authority in the financial industry. This means they have to meet a certain criteria, follow a specific set of guidelines and rules and be transparent in all their activities. The latter, on the other hand, are free to operate and come up with their own rules and policies without having to answer to anyone. You don’t want an unregulated broker because they have been known to exploit their clients and some have even turned out to be scams.
As Global CTB is dedicated to providing professional services to their clients, the broker has opted for regulation. Since it has no intention of scamming its clients, Global CTB got a proper license and you can find the certificate on their website. They are upfront about their regulatory status and traders are free to verify it before they choose the broker. Regulation adds a layer of protection for traders because they know that the broker will not add any hidden charges and its policies will be completely open. Plus, the brokerage will not vanish with their money.
- Global CTB gives access to plenty of cryptocurrencies
As stated earlier, Bitcoin was the pioneer cryptocurrency, but things have changed significantly since then. Satoshi Nakamoto couldn’t have imagined that his invention would spawn an entire industry, which it has done. There are thousands of cryptocurrencies that exist today and can be traded. Bitcoin is still leading the market and has a high market capitalization, which means many people wish to trade it. However, its high cost often pushes traders to consider other alternatives as well. As a matter of fact, a number of traders are looking for the next Bitcoin. The problem is that not all crypto brokers will offer you the option to do so.
Most of the crypto brokers only give traders access to the top cryptocurrencies, such as Bitcoin, Ethereum and Litecoin. But, there are plenty of other newer and less-known cryptocurrencies that could turn into solid ones in the future. Global CTB understands this dilemma and has ensured that crypto traders can find what they are looking for with their platform. Choosing this broker will give you access to a multitude of cryptocurrencies, which are not just limited to the top trending ones in the market. You will be able to invest your money in NEO, Dash, Ripple, Monero, Bitcoin Cash and other similar cryptocurrencies without any hassle.
The most important thing to know about Global CTB is that they don’t just add any cryptocurrency to the mix. They are aware of ICO scams and so they first check a crypto thoroughly to verify its authenticity before adding it to their asset index. Hence, you don’t have to worry about investing your hard-earned money into a scam crypto or one that has zero potential.
- Global CTB has an easy and fast registration process
One of the biggest complaints that traders have with brokers is related to their lengthy and time consuming registration procedures. The cryptocurrency is a volatile market and things can change within seconds. Every minute you spend waiting for your account to be registered could result in lost opportunities. Moreover, these brokers also require people to complete a number of steps, provide lots of documents and other paperwork, which is a big hassle. It can be immensely frustrating and knowing this, Global CTB has kept their registration process fast and easy.
They don’t cater to a specific class of traders i.e. they welcome both fresh crypto traders and experienced ones and the procedure is same for all. People can register on the broker’s platform by providing some basic details, such as name, phone number, email address, password, date of birth and your location. You will receive instant approval and there is no need to wait for days, as is the case with other brokers. After your registration is complete, you can move onto the next step i.e. open an account with Global CTB.
- Global CTB offers an extensive range of account options
It is standard for all brokerages to give their clients the option of choosing an account when they wish to avail their services. Creating an account is necessary because it keeps all your data in one place and makes it easy for you to manage your trades. Global CTB has followed the trend and added a number of account options, but it is distinguished by the fact that its choices are more extensive than others. This is due to the fact that Global CTB wishes to cater to traders from all over the world, regardless of their trading experience, knowledge, background and capital. No two traders are the same and so their requirements and needs differ and they cannot be fulfilled through a one-size-fits-all approach.
Instead of going with the typical three options that brokers provide, Global CTB has doubled the options by offering six account types, each of which have their own set of features and tools. Let’s take a look:
As obvious from the name, this is the first and simplest account that Global CTB offers and is for those who have absolutely zero experience. Therefore, the initial deposit requirement for it starts at $250. As for the features, this account gives traders a welcome bonus of 30%, price alerts, access to Global CTB’s education center, 24/6 customer support, Daily Market Review and the ability to attend PRO webinars.
This account is a step up from the basic account and is best suited for traders who do have a little bit of knowledge about how crypto trading works. The deposit requirement here is now $10,000 and the welcome bonus is also increased to 40% for added incentive. In addition, traders can now get a junior account manager because they will be able to make more advanced trades.
If you have become an intermediate trader, the Medium account at Global CTB is the ideal option for you. To open it, you need to have at least $25,000 for deposit and doing so will give you a welcome bonus of 60%. The junior account manager is now eliminated as a senior account manager is deemed for appropriate, considering the level of trading.
The name of this account highlights who it is for; advanced traders with significant knowledge about cryptocurrency. Global CTB has imposed a minimum deposit requirement of $50,000 for this account option and a 70% welcome bonus is given as an incentive. These traders make more lucrative and bigger investments so a VIP account manager is deemed suitable for them rather than a senior one.
Once again, the account name indicates who this account is for; professional crypto traders can open a Pro account at Global CTB. To open this account, they have to deposit at least $100,000 and this account gives them access to every single feature that the broker has to offer. The welcome bonus available under this account is at 80%.
The last account option is a special account and Global CTB only offers it to traders who have a certain trading volume. Not everyone can qualify for this account because they will have to invest substantial sums of money to make it happen. It comes with special tools and features that can be useful for these traders. If you are interested in knowing the requirements, you can ask your account manager to provide details regarding eligibility.
You can choose one of these six account options, depending on the category that’s most comfortable and can start trading right away.
- Global CTB offers in-depth education to traders
As compared to other trading instruments like foreign currencies and stocks, cryptocurrencies haven’t been around for that long. Furthermore, this market is still changing as countries and businesses have only just begun to accept them as a mode of payment. Thus, there are a lot of things that people need to know before they can enter this market. Due to its volatility, it is vital to be cautious because even a small blunder can cost you your entire investment. If you want to be successful in crypto trading, it is crucial to understand how it works, the dos and don’ts and profitable trading strategies. But, where do you get this knowledge from?
There are no degrees that you can obtain and the information on the internet is too confusing. Global CTB has put in some effort to provide its clients with an education center where they can beef up their knowledge about cryptocurrencies. The broker is fully aware of what difference it can make in trading outcomes. Their education center offers in-depth and detailed information in different mediums to make it easier for all traders to learn and consume. You can find online courses that provide guidance, e-books offering detailed information, along with video tutorials and articles.
The broker also offers PRO webinars, which are conducted by professional traders in the market and can be a huge source of guidance for others. Traders can communicate with these professionals and ask questions, making it a very interactive and effective learning experience that can help in improving their skills and knowledge.
- Global CTB provides room for growth
What would be the point of trading if there is no room for growth? You put in a great deal of time and effort into crypto trading and make some profits, only to find that they are wiped out in trading fee and other charges of the brokerage. This can be a major disappointment for traders and can discourage them from trading altogether. If you have to give away a big portion of your earnings in trading fees and other costs, why should you bother trading? Hence, before you decide on a broker, it is of the utmost importance to understand what kind of fees they charge.
The issue is that not every broker will be open about their charges as they want to lure you in rather than drive you away. The same doesn’t apply to Global CTB because it is a regulated broker, which means it has to be transparent and forthcoming about everything, including what they charge. The good thing about Global CTB is that they do not charge any commissions from traders. Commissions can be extremely costly, especially when you have a high trading volume. But, if the broker doesn’t charge commission, then how do they make their profits?
Rather than opting for commissions, Global CTB has chosen to charge via spreads, which is the difference between the buy and sell price of a cryptocurrency. Even with spreads, you don’t need to be concerned because unlike other brokers, Global CTB offers their traders some of the lowest and tightest spreads in the industry. This allows traders to enjoy low costs of trading and take higher profits home, giving them the motivation to trade more. Also, the broker doesn’t charge any fee for deposits or withdrawals and no penalties are imposed for inactive accounts.
- Global CTB has a strong and secure environment
As stated earlier, the crypto market has had its fair share of scams and other security problems. Exchanges and brokerages have been hacked and investors and traders have suffered losses in millions due to these problems. Therefore, people are always wary when signing up with a broker because they don’t want to put their personal information or funds at risk. Losing money via trading is acceptable, but having it stolen from under your nose can be devastating. The best option is to ensure that the broker you choose understands the importance of security and implements appropriate security measures to not leave their clients vulnerable.
Global CTB has done an excellent job in this aspect by creating a strong and secure environment for its traders. During the sign up procedure, you will come to know that they have opted for the KYC (Know Your Customer) and Anti-Money Laundering (AML) policy. It is in accordance with their regulatory status and requires traders to provide proof of ID and proof of address before they can start trading with the broker. This involves submitting documents like national ID card or passport for the former and a bank statement or utility bill for the latter.
This prevents cybercriminals from signing up with the broker in order to gain access to its network. Apart from that, Global CTB also maintains segregated accounts for its customers, which means there is zero possibility of your funds getting mixed up with that of the broker’s. Strong firewalls are used to keep hackers at bay and SSL (Secure Socket Layer) encryption is applied to all communications and data to keep them safe from prying eyes. Global CTB values the privacy of its clients and doesn’t have a policy of selling their information.
- Global CTB has prompt customer support
If you are trading crypto for the first time or are completely new to the world of trading, there are chances that you will have some issues when you start. This could be a problem with any procedure or you could have general queries about the broker’s policies or something similar. Regardless of the issue, you will require customer support. If assistance is unavailable right away, it can be extremely annoying because it means you have to wait and this could lead to missed opportunities. To make sure its clients don’t have to face such a situation, Global CTB has created an FAQ section that provides answers to routine queries and questions.
In case the answer is not available there, Global CTB has provided their customers with several channels include phone, live chat and email that can be used for reaching out to their agents. The brokerage has friendly and knowledgeable agents that will be able to provide very specific rather than vague answers until the client is satisfied. They are also very prompt and ensure that you don’t have to wait long to receive a response.
When you check out these offerings and features, it is easy to see why Global CTB is a great choice for anyone to make their foray into the crypto market. They have paid attention to the needs of the traders and have even developed a proprietary trading platform primarily for efficient crypto trading. Sign up with them right away and start raking in the profits that crypto trading has to offer.