Unless you have been living under a rock for the last couple of decades, there is a strong possibility that you have heard about online trading. The financial markets have always been renowned for making and breaking fortunes, but never have they seen such huge traffic as they are nowadays. The COVID-19 pandemic has driven more and more people towards these markets, which has led to an increase in demand for reliable and professional trading platforms. Of course, there are hundreds of brokers claiming to be everything you need, but making claims is very easy. You need GMPortal review to help you uncover the truth.
With the significant advancement in technology, it has become immensely easy for anyone to set up a website. You don’t have to have any web design or technical knowledge to be able to create one because there are numerous tools and software that can be found for this purpose. While this is certainly an advantage for legitimate businesses, it has also given cybercriminals an easy way to exploit people. They set up fake websites to lure people in and scam them. There have been several incidents where brokers turned out to be scam and fake.
Therefore, you cannot choose to sign up with a broker based on their website alone. Every business is going to make big promises about what they can accomplish, but it is not easy to live up to them. As a matter of fact, if you check out the feedback of other traders, you will find that not many platforms have been able to deliver on their claims. Therefore, you have to be diligent and thorough when you are searching for a trading solution because you don’t want to be defrauded or scammed. Likewise, you don’t want to end up on a platform that is unable to offer you what you require.
The biggest challenge that people encounter is the sheer number of brokers that can be found nowadays. Every other day, a new platform is established because of the increase in traffic in the financial markets. On the one hand, it is a good thing because it means you have options to choose from and they can get quite competitive, so you can find some really good deals. However, this also means that you could end up making the wrong choice and have a poor trading experience.
This is definitely something you want to avoid, so it is best to be thorough beforehand and not make the decision in a hurry. You shouldn’t rely on others’ recommendations either and check everything yourself before you opt for a platform. This will help you in avoiding disaster because it ensures that you will not fall into the traps of a scam broker. One of the names that you will come across when you are looking for a broker is GMPortal and a quick look at its website indicates that it knows what it is doing.
With its offices located in Geneva, Switzerland, it was established by a company known as GAIR LOCH Enterprises Ltd. and it has managed to rise up the ranks rapidly. It is offering its services to traders all around the globe and has developed its services for everyone, regardless of their experience. But, before you sign up with GMPortal, it is better to evaluate its various aspects to know if it is truly as capable as it appears to be. Let’s get started:
|Trading Accounts||Five Account Options; Silver, Gold, Platinum, Signature and VIP Accounts|
|Assets Coverage||Forex, Cryptocurrencies, Stocks, Indices, Commodities and Futures|
|Trading Tools||Trading Indicators and Calendar, Calculator, Signals, Live Charts, Technical Analysis Tools, Price Alerts, Trade Glossary and Risk Management Tools|
|Education and Training||Yes; , e-books, online video courses, webinars, tutorials, latest market news, guides and spread and trading hours|
|Customer Support||24/5 support via email address, phone number and online contact form.|
|Security Policy||KYC (Know Your Customer) and AML (Anti-Money Laundering)|
GMPortal’s Asset Offerings
When you have to evaluate a company, the best place to begin is their asset offerings. After all, they are what you are looking to trade, so you need to know exactly what you will be provided before you begin. A quick search will tell you that there are hundreds of thousands of financial instruments available for trading. These belong to different markets and profitability, risk and volatility of every single instrument varies. You can choose to trade the instruments that are in accordance with your risk tolerance and financial goals, but it is vital to remember that brokers don’t give you access to every single instrument.
Every platform has its own asset offerings and you need to check them out in order to see if the instruments you are interested in are available. You will find that GMPortal has added some of the top financial instruments from every financial market on their platform. There are over a 100 assets for you to choose from, giving you enough room to find trading products that meet your requirement. In addition, the availability of this many products ensures that you will be able to diversify your trading portfolio. This can be quite helpful in minimizing your risks and maximizing your profits. Listed below are some of the markets you can trade in:
Commodities: The commodities market tends to be less volatile than the rest of the options out there and can be useful for making consistent, if small returns. There is an array of commodities that can be traded, which include both soft and hard commodities. The former refers to agricultural commodities like wheat, sugar, coffee and corn. The latter comprises of precious metals like gold, silver, platinum and palladium. Energy commodities like natural gas and crude oil are also available.
Stocks: Considered synonymous with trading, the stock market is teeming with profit-making opportunities and traders can invest in some of the world’s most profitable companies. There are options like Google, Amazon, Apple, Alibaba, Tesla, VISA, Coca Cola and Toyota to explore.
Indices: While the stock market deals in stocks of individual companies, the indices market is more about trading baskets of stocks together. You will find that GMPortal gives you access to some of the most profitable indexes in the world, including S&P 500, Nikkei 225, FTSE 100 and NASDAQ 100.
Forex: The foreign currency market is defined as the largest financial market in the world and there are hundreds of currency pairs that can be traded in this market. Some of the major options that GMPortal has added for your ease include EUR/USD, GBP/USD, USD/CHF, EUR/JPY, USD/CAD, NZD/JPY and AUD/USD.
Cryptocurrencies: Digital currencies have been making big waves in the market these days and many people have made huge fortunes by trading them. As GMPortal has kept up with the market trends, they are offering the top cryptocurrencies in the market, such as Bitcoin, Litecoin, Bitcoin Cash and Ethereum.
GMPortal’s Sign Up Process
How will you start trading with a broker? This is one question that you will ask and the answer is that you first need to sign up on their platform. What are the steps involved? As there is no standard method outlined, every company has created their own process, so you need to know what you will be required to do. Some platforms have added some complexities like submitting various documents or doing a lot of paperwork. Some may even have contracts, while others come with approval procedures. Knowing what you will be required to do will help you in speeding up the process.
After all, you want to be able to start trading as quickly as possible, so you don’t miss out on any opportunities that can help you make profits. The sign up process at GMPortal is relatively simple and easy for traders, as the company’s goal is to facilitate everyone on their platform. They don’t have any complicated prerequisites that you will have to complete and neither do they ask you to sign any contract or fill out countless forms. When you want to register on their platform, you just need to visit their website and click on the ‘Sign Up’ button on the top right.
Doing so will provide you with a form that you have to complete. This takes barely five minutes because the information needed is very basic. You have to enter your first name, last name, an email address and password, address, city, state and country. There are three currencies available at GMPortal and you have to choose one that you will use for your deposits and withdrawals the options are GBP, USD and EUR. After you have done so, you need to agree with the Terms & Conditions of the company and the process will be complete.
There are no further requirements or steps that you have to complete in order to sign up.
GMPortal’s Account Options
After you are done with the sign up procedure, you still have one step to go before you can start trading. This involves looking at the account options that have been provided by the broker and choosing the one you wish to open. Majority of the brokers in the market provide their clients with these options because their goal is to allow traders of different backgrounds, skill levels, risk appetite and trading styles to be able to use their services. You will find the same at GMPortal because they have developed their services for traders from every background.
The good thing about their account options is that they are not standard choices like other platforms. Instead of the usual three categories that are aimed at beginner, intermediate and skilled traders, you will come across five account options at GMPortal that offer more flexibility. This can make trading quite easy for traders because they will be able to access the features they want to use and deposit as much capital as they are comfortable with. The choices you will find are:
- Option 1: Silver
Created for newcomers in the trading world, the Silver account at GMPortal asks for a minimum deposit of $10,000. This account provides 1 on 1 training to the traders, which is very basic, along with access to basic educational resources as well. 24/5 customer support is also provided as well as a trading dashboard. Trading news can be accessed and 2 signals are provided in a month from the VIP desk. The minimum and maximum trading size is 0.01 lots and 100 lots.
- Option 2: Gold
To cater to beginner traders, the Gold account has been added at GMPortal and this one needs a minimum deposit of $25,000. It comes with limited trading signals and a personal account manager as well. Traders can also get 10 signals a month from the VIP desk.
- Option 3: Platinum
For facilitating intermediate traders, the Platinum account can be opened on GMPortal and a deposit of $50,000 is required for it. In this account, traders are given access to the full education center on the website, a VIP account manager and a trading algorithm. A credit line is also available for premium events and traders can get signals from the VIP desk on a daily basis. There is no withdrawal fee applicable in this account and traders don’t have to worry about high swap commission or trading fee.
- Option 4: Signature
To accommodate skilled and advanced traders, the Signature account has been added by GMPortal and a minimum deposit of $250,000 has to be made to open it. In this account, first priority is given to hedging strategies, leverage of 1:300 is provided and traders can also enjoy private banking. Traders can also enjoy personal sessions with a market analyst and they get insured contracts of about 70%. Lastly, they become members of a Traders’ Group Club.
- Option 5: VIP
The name of the account option indicates that GMPortal has developed this one for professional and VIP traders. But, it is important to note that you cannot directly sign up for this account and it is only accessible via invitation. Traders who are using the Signature account and want to upgrade can talk to their account manager to know what requirements they have to fulfill to open this one. They need to have a capital of about $1,000,000 to get started.
GMPortal’s Deposits and Withdrawals
In order to open an account, you will be required to meet minimum deposit requirements, which means you need to know what payment methods are available for doing so. You also need to know them because they will be used for making withdrawals as well. Every broker offers different choices, so you should check and see if the methods available are convenient and easy to use. A combination of traditional and modern payment solutions can be found at GMPortal to make deposits and withdrawals simple for everyone.
They have added the choice of bank wire transfers for those who prefer traditional and secure options. You can also use debit and credit cards on GMPortal, including both Visa and MasterCard, for your deposits and withdrawals as well. The best thing about the platform is that they don’t have any charges or fees, whether you are adding funds or withdrawing them. However, this parties like banks may charge you and you need to look those up.
The withdrawal processing time is between 7 to 10 business days and there are minimum requirements that have to be fulfilled. Minimum withdrawals via wire transfers are $500, while for credit and debit cards it is $100. There is also a minimum deposit requirement when you are using cards and this is $250, but there are no maximum deposit limits in place.
GMPortal’s Trading Platform
Perhaps, one of the most crucial features of a brokerage that needs to be evaluated before you arrive at a decision is their trading platform. This is the software that gives you access to the financial markets and one you use for opening and closing positions. Therefore, it determines what kind of experience you will have while trading and whether you will be able to capitalize on the market movements or not. If the platform is outdated, doesn’t have the right tools or breaks down frequently, you will not be able to trade efficiently and this will result in hefty losses for you.
Of course, every broker doesn’t offer you the same trading platform. In fact, this feature often distinguishes one company from the next, so you need to check it properly before you dive in. There are different kinds of platforms that exist and it is up to the company to offer a platform of their own making, or to use one of the existing solutions in the market. GMPortal has opted for the former option i.e. they have created their own trading platform for their clients.
This is a web-based solution, which means it operates online and doesn’t have to be downloaded or installed anywhere. This is a major perk for traders who don’t want to be restricted to one device on which the platform is downloaded. They can access it on any device they may have at their disposal and this provides them with the flexibility of trading from anywhere and even trading on the go. You will also find that GMPortal has used state-of-the-art trading technology to provide one-click trade execution and superior speeds, so traders can tap into any and all market movements.
The intuitive user-interface ensures that you will be able to navigate the platform, regardless of your skill or experience. Apart from that, advanced trading tools have also been added by GMPortal for enhancing the functionality of the trading platform. You can find advanced charts, graphs, trading signals, an economic calendar that gives you updates, price alerts, custom indicators and dashboard and the latest trading news.
A lot of people don’t pay any attention to the support provided by a platform when they are searching for one and this can become a major regret for you. Online trading comes with its own set of issues and you will require help and assistance at any point. Problems don’t happen with a warning and you don’t want to be left hanging when you are in the middle of one. Even a few seconds can be the difference between profits and losses, so you need to opt for a broker that provides you with best quality support and assistance.
When you evaluate these at GMPortal, you will definitely not be disappointed because they have been extremely proactive in this regard. They have provided their staff with proper technical training to provide assistance and are available 24/5. As far as reaching out to them is concerned, you can send in an email, give them a call or simply fill out the online contact form on the website to schedule a callback at your own preference. Their agents are very responsive and will try to solve your problem as quickly and efficiently as possible.
Moreover, you will also find an FAQ section on the GMPortal website, where they have provided answers to common questions that people often have about the platform or their procedures. You can check those to see if your answers are available there. They have also created an education center where their clients can find guidance and instruction for navigating the art of trading and improving their skills.
Along with these features, you will find that GMPortal has also respected the privacy and security of its clients. It has created a safe trading environment and also provided them with the best possible trading conditions that can be used for trading efficiently, allowing everyone to achieve the goals they have set and do it without any hassle.