Since there are so many trading platforms available online now, it gets difficult to decide which to opt for. I went through the phase of finding the right platform for myself and even went as far as getting some recommendations from family and friends. One of my friends was able to help me out and recommended my London-Gates trading platform. I have been using the services from this platform for some time now and I have come to really like them. I am writing this review because Irealize that like me so many people out there in the world are struggling to find the perfect platform for themselves as well. So, what better way than to tell you about my experience and go through all the details so you can learn more in-depth things about the platform. Even if you are a beginner or an expert in the trading world, and you are looking for the next reliable platform, I think my review can really help you out in deciding whether to opt. for London-Gates or not.
When it comes to account types, I know that every trader has a particular level of skills and experience and that is why London-gates is here to help each trader. The platform gives multiple account types to accommodate any type of trader that may be a beginner or even an expert. So, let me give you all the details you would require in order to pick out the account type that is best suited for you. The platform gives you five account types to choose from.
I would suggest that if you are a newbie in trading then you should definitely go with this Self-Managed account type. The minimum deposit for this one 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 then you can hop on to the next account type that is Select Account.
Now, Select Account gives you more resources than a Self-Managed account type. Like, All the Self-Managed account features plus, 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 one would be a 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
In honor account, again you are getting all the feature from the previous Personal Account but you get even more features in this like, 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
Furthermore, the last one is a Wealth Management Account. This account includes all the features of the Honors Account. You can apply for this account for a tailored made solution. This is the account where you are able to access everything and much more.
Education is very important. I believe that every trader needs it at one point or another. We all need to keep make sure that we are on top of our game. And these education books, glossary, and FAQs can help with that. Along these lines, how about we check whether that is the thing that you will get if you open an account at London-Gates. This implies London-Gates takes great consideration of its likely customers too. Why? This broker realizes that it is very important to give out relevant information and resources for traders. They do care for the traders using their services and thus they try to provide the best education material that they can find. Thus,become familiar with the Forex essentials first, and from that point onward, you will deal with your portfolio like anexpert. There is a Glossary, as well. If you have difficulty understanding the trading world lingo then do not worry at all. London-Gates can help you out with that too with their glossary. London-Gates gives you relevant resources like Index and extensive FAQs that are there to help about general questions that you may have.
The first thing I need to discuss is the site. The thing that I found could be improved with this platform is that they only provide the website in the English language, so it is not available in any other language. That is definitely something that London-Gates can work on. People around the world will have the opportunity to use their services. When you open the landing page, you will see it’s overall quite basic. There aren’t numerous details, however, brokers have all they require. It’s quick and responsive and that is the most significant thing. The platform is web-based. It’s not downloadable, but rather it is improved well, so you can run it on your mobile or tablet gadget. The main thing you need to do is sign-in to your account from any gadget and you will have the option to trade. Their platform highly regards the anti-money laundering policy. Also, their KYC is strong but that is a little complicated extensive. But this all means that they acre about your security. So, both company and client are subject to Anti-Money Laundry laws and regulations, it is applicable worldwide and locally I loved how London-Gates does not tolerate money laundering and supports the fight against money laundering. Their billing and clearing are governed by state laws. The platform ensures that your identity and personal information stays safe. That’s what traders should look for when they go out to pick a trading platform. London-Gates following these policies only shows how much they care about the clients and their security. As we have expected this platform is loaded with some major variety in all sorts of thing. Everybody can oversee it easily, regardless of the experience. It is responsive and clear, and you can trade CFDs on Forex, Commodities, Crypto, Stocks, and Indices.
Customer support is something that really interests me. I believe that customer support really tells you how much a platform cares about the issues that their clients are facing. You also get to know how hands-on the platform is. So, when I was checking out the London-Gates platform, their customer service was the first thing that I tested. It took a minute for them to get back to me, but just to be clear, the initial step is to provide them your name, email, and type in your message, then they connect you with the right person who is well equipped to solve your problems.
For live chat, they are available 27/7 which is another plus. They don’t provide their phone number in case you shy away from typing. But then again that is negligible as the live chat feature is just as helpful.
Deposits and Withdrawals
London-Gates withdrawal and security is top-notch. They don’t take it lightly. So, their deposit and withdrawal strategy are pretty basic and customary as they follow the industry norms. You can get to know all the details of this under the option of Withdrawal, Refunds & Cancellation Policy. The Company is committed to ensuring that your 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. So, it is good to know that London-Gates takes care of that as well in various options.
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.
A refund can take up to 48 hours for their customer service team to approach your request. Personally, I think that they take a little time with that which can be frustrating. But the good thing is that they always follow through with your refund request. 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. So, make sure, you are careful with that and don’t mess it up. However, you can request to withdraw your available eligible balance in your account, subject to this policy.
Can you trust London-Gates?
In the end, I want to finish this review by saying that give this broker a try. If I have been using their services for some time and I still would continue to use this platform then I know that you will have a great experience with them as well. I have mentioned almost all the details regarding the platform now it is up to you whether you choose to utilize their amazing service or it. But I would highly recommend them to you.