Trading platforms today compete with reliable service features. The factor of reliability is one of the fundamental features offered by trading platforms. Since there are a large number of these trading platforms available today, it can be difficult to make a choice. You have to overview a range of features in order to select one that fits your trade requirements. Every trader today looks to opt for a trading platform that can allow them smooth means for trading. The one thing that lacks substantially in the trade front is the means for reliable information.
Trading platforms have become susceptible to scams. You cannot evaluate their reliability based on available information. This is why I decided to write a review on the trading platform I currently use. London-Gates has been my choice for a little over two years now. I was recommended this trading platform by my friend. I have been satisfied with its service features. It is obvious that the lack of information on trading platforms makes traders apprehensive while making a choice. This is why I chose to provide a brief overview of the details of this trading platform. People out there who are still struggling to make a suitable choice and learn in-depth about this trading platform to see if it suits their needs.
Whether you are a beginner or an expert trader, my review will help highlight the fundamental features offered by this trading platform for you.
Assessing the account types offered by the trading platform helps in evaluating their level of reach. Each trader has different sets of skills and strategies. Being able to cater to their respective individual needs is indeed an excellent service feature. My account manager Micheal Collins has helped me understand the trading scene better. His knowledge on trade strategies have helped me re-evaluate my own requirements. This is why London-gates categorizes its accounts into five types. It hopes that these multiple account types will accommodate every type of trading looking for a suitable platform.
If you are new to the trading scene, this account is the one for you. This is an excellent account to have at a beginner level of trading. The minimum deposit for the self-managed account is 250 EUR and you have more than 200 tradable resources, market audits, and leverage up to 1:100. But if that isn’t enough for your trading needs or if you are looking to upgrade, you can always move to the next account type that is Select Account.
The next account in line is the Select Account. It definitely offers more resources as compared to the self-managed account. It ups the ante on Self-Managed account features by adding a Dedicated senior account manager, Bonus funds, Flexible leverage up to 1:200, Spreads from 1.5 pips, Tier-3 trade room analysis, Financial Planning, Risk management, Special venture promotions, Monthly webinars, and lastly Level-3 prioritized withdrawal process. The minimum balance for this account type is $10,000.
The next account is the Personal Account. With this account, you are getting all the features from the Select Account and more like, Flexible leverage up to 1:300, Spreads from 0.5 pips, Tier-2 trade room analysis, Weekly webinars, and level-2 prioritized withdrawal process. The minimum deposit for this account is $50,000
Following the previous accounts the next account, Honor account features include the ones from the personal account, with more added one’s Powerful leverage up to 1:400, Ultra-tight spreads from 0.0 pips, Full access to webinars and analysis, Level-1 prioritized withdrawal process, Access to VIP events, and a special gift worth $5,000.
Wealth Management Account:
The last account type is the Wealth Management Account. This account includes all the features of the Honors Account. The feature that sets this account apart from the others is the fact that it offers a tailor-made solution for your trading needs. You can access everything from this account and select the service features based on your needs.
The purpose of having a separate section for education is evident. The trading world is ever-changing. Racking up on strategic trade information all in one place is necessary. I personally believe that every trader at one point or another requires information. This may be available to them in one form or another. It may include books, glossary, asset index, and FAQs.
If you are wondering how this platform manages to cater to the sector of education, then you are definitely not aware of its centralized education center. It effectively categorizes the different types of information resources on its server. This is why London Gates stands out as a trading platform. The effort they put in to help out their clients is evident. They make sure that the clients have access to most of the materials they may need to carry out trade operations smoothly.
The Forex essentials are one such resource which they categorize as asset index. This will help you assess the various assets available for trade. You can build your portfolio based on the information you get from this resource. Another information resource that is available at hand to you is the Glossary. This will enable you to understand all of the trade lingo being used in the market. The FAQs on the other make it easier for you as clients to deal with problems. It is assuring relating with common questions asked by clients.
Since this is an online trading platform, the technological aspect is the first thing that you will notice. One of the things that I noticed was the fact that this platform has the option of only one language selection and that is English. This is something London-gates can work on. Incorporating more language selections will let them be more inclusive. This will allow them to cater to a larger section of clientele. People around the trade will want to use their platform for trade.
The first page that pops up when you access the platform’s website is quite simple. You would not face any issue on that page while selecting options. There aren’t that many details to choose from. Brokers will find all the necessities. The straightforward selection of options makes this trading platform easy to use. While I did notice that there wasn’t much of a difference from other trading platforms. They hadn’t introduced any option that would help set them apart from the others. Their services were pretty standardized. The services of this platform are available on mobile devices as it is easily downloadable. It is web-based which is why its server is optimized for use online. The only thing required to trade using this platform is to log onto your ID.
The option to trade is readily available to you. There are pertinent efforts put in play to advocate for the anti-money laundry policy. This platform highly regards it. Their KYC is solid but I found it to be too complicated. Also, the excessive details were too hard to fathom. The company and the client, both are subject to certain anti-money laundering laws and regulations. The violation of money laundering is taken very seriously by the platform. It does not tolerate any substandard behavior on its servers. The value of client identity and personal information is something they understand. This is why they promote the implementation of these laws and regulations in their customer guidelines. London-gates is pretty transparent when it comes to client security policies. They make sure that their platform is secure on all fronts. It is responsive and clear, and you can trade CFDs on Forex, Commodities, Crypto, Stocks, and Indices.
The importance of clientele for a trading platform indicates their commitment. This is why customer support can help you assess any trading platform’s effectiveness in dealing with customer problems. I found this the best means to test this platform’s efficiency. I found their approach was indeed pretty hands-on.
When I contacted the customer service center, it took them time to patch me through, but when I did patch through, they were very accommodating. The first step is to provide your name, email address, and message request. This allows them to connect you to the right person. This is very effective as it saves your time trying to explain your problem to an operator. Their live chat is also available 24/7. A direct phone line during live chat is not possible as that is one of their set guidelines for security. This does not prove to be an issue as the live chat is as it is pretty helpful.
Deposits and Withdrawals:
The withdrawals and security procedures in London-Gates are well monitored. They have top-notch security during processing. This is something they do not take lightly. Though their strategies may seem pretty basic, they are reliable. They follow the norms of the industry. You can go through more details on the various policies that they maintain during these procedures under the option of Withdrawal, Refunds & Cancellation Policy. The platform ensures that each withdrawal request is processed as quickly and efficiently as possible. They give you many options for withdrawal methods such as Credit Card, Bank Wire, and Bitcoin Transfers, they support Mastercard, VISA, Maestro, and even PayPal. This definitely helps set London-gates apart from all other platforms.
Minimum Withdrawal and Withdrawal fee:
The minimum withdrawal fee followed by London-Gates is 100/GDB/EUR/GBP. A withdrawal fee of 1% with a minimum withdrawal fee of 30 USD/GBP/EUR and the maximum withdrawal fee of 300 USD/GBP/EUR will be deducted from your balance with every withdrawal you make.
The refund policy may experience a delay in most cases as it will take 48 hours for their customer service team to cater to your request. Personally, I found this to be a little too long. It can be frustrating especially when you are looking for quick returns. But the silver lining is the fact that they always follow through with their refunds. At times their support team contacts the client to confirm their request or to ask for any additional information they might need if necessary.
All deposits are final and non-refundable once completed. This is the policy of the platform. You cannot throw a tantrum if you mess it up. However, you can request to withdraw your available eligible balance in your account, subject to this policy.
Why should you choose London-Gates?
The last thing that I can suggest is to give this broker a go. Its services operations are so vast that you can definitely find something that will suit your need. All in all, it is worth the try. If you find the experience fulfilling, you can choose it for the long run. The details of their service operations have been highlighted in this review.