| General Information | |
|---|---|
| Broker Name: | GSL Markets |
| Broker Type: | Forex and CFDs |
| Regulation: | CySEC |
| Year of establishment: | 2022 |
| Headquarter Country: | Bulgaria |
| Address: | Bulgaria , city of Plovdiv 4006/ region Plovdiv, Plovdiv Municipality, Izotchen ( Eastern) municipal district , 32 ELBA street floor 5, Apt : 14 |
| Customer Service : | |
| Phone: | +442045773811 |
| Email: | N/A |
| Languages: | English , German |
| Availability: | 24/5 |
| Trading | |
| Trading Platforms: | MetaTrader5 |
| Minimum Deposit: | $250 |
| Mobile trading: | N/A |
| Web-based trading: | Yes |
| Demo Account: | Yes |
| Bonuses: | 100% Welcome Bonus |
| Leverage: | 1:500 |
| Spread: | 0.3 pips |
GSL Markets is a new brokerage that operates from Bulgaria and has European traders and investors as its primary audience. The broker offers a diverse set of trading conditions, with many assets present as CFDs. Of course, it includes forex trading as a staple that few brokerages choose to omit. Our GSL Markets review will get into its usability, pricing, and openness.
GSL Markets is a brokerage for serious investors, as indicated by the minimum deposit for a live account. To start trading, you need to put down $10,000 to proove you’re a self-sufficient trader. That has many purposes, such as risk profile determination.
And while that may turn away some customers, we like that the broker knows who its audience is. That’s also apparent from the broker’s website and how it presents itself overall.
The brokerage is straightforward and transparent. At gslmarkets.com, you’ll be able to quickly find any information you’re interested in. The broker doesn’t bore you with unimportant conditions or overbearing promotions.
We quite like that approach paired with its focus on more confident traders. It shows us that the broker emboldens its customers instead of shoehorning them into a specific style or strategy.
Another thing we should mention, although it’s less important, is that the website looks and handles great. Again, that shows the broker’s character and tells us that it isn’t lenient with mistakes.
For this part of our gslmarkets.com review, we’re glad to say that the broker looks fantastic. It’s a company that knows who it is and who its customers are. In our experience, that often translates to a service that handles well and is beneficial for those that use it.
When most experienced traders and investors start inspecting a new brokerage, the first thing they look at is security. That’s because even the best conditions aren’t worth it if you’re in constant peril. If the broker can steal from you at any time, that adds an additional layer of risk to the already unstable world of trading.
As you can likely tell, we agree with that approach. There isn’t anything that can offset a broker that’s a danger to its customers. However, there is some good news in that scam brokerages are starting to fade. With better regulation and more online literacy, fraudulent brokers are becoming more dangerous for their owners and less profitable.
Still, you need to check each brokerage before you join, which isn’t easy for a lot of traders. That’s where this part of our GSL Markets review comes in. We’ve inspected the broker and graded their safety and are ready to report our findings.
We were happy to find that the broker didn’t show us anything that would make us doubt its integrity. It operates from a safe country that’s a member of the EU and is thus subject to rigorous regulation. On top of that, the broker’s behavior tells us that it doesn’t intend any harm to customers.
For example, we can look at how it presents information. Scam brokers often have misleading or vague claims that they can contort once you sign up. Unlike them, GSL Markets is straightforward with what it expects from you and what it gives in return. As such, you can be sure of what you’re getting without needing to concern yourself about it. We’re highly doubtful that anyone will encounter any issues at gslmarkets.com.
GSL Markets’ account structure allows for quite a bit of variety when it comes to the choices you have. On the surface level, it looks like most brokers you’ve seen before, with a standard tiered structure. However, it’s also important to note that there’s a managed account option. That can be a fantastic investment option for someone that doesn’t like trading or simply isn’t confident enough to do so.
As we said earlier in our GSL Markets review, the broker’s live accounts require a $10,000 deposit. That has the obvious downside of eliminating customers that aren’t comfortable with that as an initial deposit. However, it still has some less apparent advantages that are beneficial to the overall service.
Namely, it lets the broker narrow its scope and craft the entire service around a specific type of customer. It doesn’t need to balance out budget conditions and luxury features. As such, the entire service can be more coherent and streamlined.
It also allows the accounts to focus more on the supplemental side of the features. That means everyone gets the top trading conditions, but the more loyal customers get additional assistance and utility. Overall, we feel like the setup wouldn’t have been as good with a different setup or a different minimum requirement.
And as we mentioned earlier in our gslmarkets.com review, the broker also has a managed account. It’s a fantastic way to either boost your earnings if you can deposit enough (as it does require a $500,001+ deposit) or handle your investing without any effort on your end.
Here are some of the features you can expect from the broker’s live accounts:
GSL Markets uses a top-notch trading platform that emphasizes the user end. It’s highly functional with an intuitive UI that makes getting used to the platform a breeze. That allows users to switch over effortlessly without losing any trading efficiency. On top of that, it leads to a frustration-free experience, letting you conserve your mental energy for trading.
On the technical side, the platform fares well against most competitors. It has complex analysis features and visual indicators that make market navigation much simpler. On top of that, it has some automation features that let users trade passively. There are features such as take wins and stop losses, as well as a degree of programming. Of course, it’s not the most optimal way to trade, but you can use them as a contingency.
As you can see from our GSL Markets review, the broker has a lot of things going for it. However, its funding and pricing structure may just be its crown jewel.
The broker outlines its deposits and withdrawals clearly, expressing its fees and deposit times. If you want the optimal experience, you can deposit via wire transfer, thus eliminating any charges. If you’re in a rush, you can sacrifice a bit of money to get a quicker transaction via card.
The pricing while trading can also be entirely fee-free, with charges starting from 0.0 pips. That makes GSL Markets a unique broker on the market, letting you keep all of your hard-earned money.
And that’s even without mentioning the broker’s 100% welcome bonus. If you follow the broker’s conditions, you can essentially double your initial deposit. The cap for a single deposit is $10,250, so that’s how much you can get out of the bonus.
Naturally, that nearly guarantees profitability and lets you get away with some risky positions without losing money. Altogether, the broker is incredibly generous, which we love to see.
GSL Markets outperforms standard brokerage support teams, operating at longer-than-standard work hours. Instead of the regular 24/5, the broker opted for 24/7, thus extending coverage. On top of that, we should also note that the available methods are email and phone calls. To email the broker, simply fill the form on its website.
Phone: +442045773811
GSL Markets is one of the few upcoming brokerages that put in the effort to create a beneficial service for customers. As you can see from our GSL Markets review, the broker simply covered all possible weak points. The only possible complaint is the initial deposit, but even then, that’s a design choice.
GSL Markets promises a fantastic service to anyone who joins. The platform, pricing, account variety, and utility features are all uniquely beneficial and translate to a fantastic user experience. If you’re searching for a great online trading service provider, go to gslmarkets.com and give the broker a shot.
Quick Look: Bitcoin price currently consolidates around $57,000, down by 5%; Fed maintains high interest… Read More
Quick Look: Microsoft invested $1 billion in OpenAI in 2019 to catch up with Google… Read More
Ethereum in Ascending Channel: Risk at $3,000, Upside to $3,500 Quick Look: Bullish Channel: Ethereum… Read More
PayPal's Strong Start in 2024: $403.9B Payment Volume Surge Quick Look: Significant Volume Increase: PayPal… Read More
XTB announced its entry into the UK's £400 billion ISA market less than a quarter… Read More
In this BTN Centre review, we will embark on a trading journey, where cutting-edge technology… Read More