I’d been asking my friends and family for their opinions on various brokerage firms for whom they’d consulted, comparing the advantages and disadvantages of each, in terms of my personal needs.
One of the most serious issues when trading online is the reliability of the systems in use. This was an important consideration for me when looking for a trading partner. When I was searching for a reputable and trustworthy brokerage firm, I came across London Gates
Let me describe what this broker claim to have so that you can guess what to expect in this London-Gates review.
- Razor-thin spreads
- Lightning-fast order execution
- Outstanding customer service
- Cutting-edge technology.
This broker stands out enough to be heard, and I’ll be disappointed if any of those claims turn out to be false guarantees.
When I opened an account with London-Gates, I had access to more than 200 tradable securities, including CFDs, Forex, Indices, Stocks, Cryptocurrencies, and Commodities. This should be clear; London-Gates is a complete package.
ACCOUNT TYPES
Every prospective customer has access to five different accounts.
- Self-Managed Account
The Self-Managed account is the company’s smallest account. It won’t provide you with many options, but it won’t cost you a lot either. Your minimum balance would be as low as $250, making it perfect for newcomers. You’ll be able to exchange every asset listed on this broker’s website, get price alerts, and leverage up to 1:100. As previously said, this is not a huge amount, but it is more than enough for those who cannot afford to invest more money.
- Select Account
The following account is Select, which has a variety of features. Keep in mind that the minimum balance for the account is $10,000, so the trading terms are dependent on that. A dedicated senior account manager, flexible leverage up to 1:200, risk management planning, monthly webinars, bonus accounts, spreads beginning at 1.5 pips, the exclusive venture offers, and withdrawal preference is included in this account. This is a serious offer, as you can see, and London-Gates has put together a one-stop-shop.
- Personal Account
The Personal account includes everything I mentioned above. There will also be weekly webinars with leverage up to 1:300 and spreads beginning at 0.5 pips. For example, this time, the minimum deposit requirement is higher, so you’ll need to keep at least $50,000 in your account.
- Honors Account
Honors is a VIP account that needs a deposit of $250,000 or more to achieve up to 1:400 leverage, ultra-tight spreads beginning at 0.00 pips, level one priority withdrawal, access to all VIP events, and a $5,000 bonus donation. This was my favorite offer so far, and if you’re interested in Trading, I prefer the Honors account.
- Wealth Management Account
Finally, there is a Wealth Management account that is distinct from the rest. This isn’t a standard account where the terms are accessible ahead of time. Instead, I’m referring to a one-of-a-kind offer that is entirely exclusive to each client. You must first email your account manager to discuss your options to obtain this account.
QUALITY OF SERVICE
Discussion of important issues, such as the Trading Platform, is part of the quality of service. Trading conditions and accounts are necessary, but they don’t matter much if I don’t have an excellent place to use them. So, I can see if London-Gates has assured me that I have an ideal platform to help me achieve my trading goals.
This broker’s platform is well-designed and provides all of the necessary information. On one hand, there is a list of assets, and on the other, there is essential data that helps me make a better-informed decision. For example, I was able to get a thorough understanding of maintenance margin, starting margin, leverage, trading hours, and so on.
The best part is that I could use the platform anytime I wanted. It’s responsive, and I could trade on any device, no matter where I was. The only important thing I needed was an active internet connection. My first experience was pleasant; because I had never used it before, it was simple to use, and I assume that any dealer would be able to use it without difficulties.
EDUCATION
I saw that Trading Accounts are outstanding. But, without a decent education, will you be able to understand the features within each account? Of course not. If you wish to develop your skills, the broker must be willing to supply you with educational materials that will assist you in learning new information.
In this situation, the London-Gates team went over and beyond to provide clients with eBooks and tutorials. There are posts on the subject if I wanted to understand the fundamentals of Forex. No matter what level of expertise a customer has, there is something for them.
But that’s not all; the Education Section also has a Glossary of some keywords, an Asset Index, and Often Asked Questions. So, if I had any questions, I found the answers there.
CUSTOMER SUPPORT
I also understand how important it is to provide prompt customer support. The broker can provide the most remarkable and one-of-a-kind assistance, but it’s all in vain if it fails to provide sufficient aid. I sincerely hope London-Gates understands this and does not compromise the positive impression I have formed so far.
The telephone number mentioned on the Contact Us page can be used as a means of contact. If you don’t like typing messages and need a one-on-one conversation to solve a problem, this is the best way to go. If, on the other hand, you are not a chatty person, you can use the platform’s online form. Fill in your full name, email address, and message.
You may use Live Chat as well as a valid mode of communication. This is, without a doubt, my preferred method of discussing complex topics with agents. Typically, it is the quickest and most advantageous, which is why I wanted to try it. I had a few questions that needed to be answered, so I used the Live Chat option. I received an invite message right away, and I received a response within few minutes. Overall, the broker with whom I spoke was very professional. Because I did not receive a typical response, it was a detailed response that significantly helped me. As a result, my experience was just specific, and I am pleased to report that London-Gates did not disappoint me in this regard.
COMMISSIONS
The most substantial aspect of London-Gates is its transparency. When you go to the Terms and Conditions tab, there is a section called Service Charges. You’ll find all the details you need inside. There are no hidden fees, and if you read it carefully, you will be able to calculate every dollar without any unpleasant surprises.
FUNDING
I was surprised by the variety of deposit options. Credit cards, bank transfers, and virtual currencies are all acceptable methods of payment. It’s all up to you, with the only condition is that you follow the same process for deposits and withdrawals.
Another feature I appreciated was the transaction speed. When you make a deposit, it is immediately credited to your trading account, allowing you to begin trading as soon as you click the deposit button. On the other hand, if you make a withdrawal, you will have to wait longer, but for a good cause. Identity Verification is the first move in a withdrawal.
Additionally, you have the option to cancel your withdrawal request at any time. If you change your mind, request a refund, and a representative will contact you as soon as possible. They will begin the cancellation process, and the funds will be returned to your trading account within a few days, ready to be used again.
CONCLUSION
This broker provides you with security, outstanding customer service, and even better terms. London-Gates is the place to go if you’re looking for a new place to share ideas and develop new skills.
Overall, I have no reservations about referring this broker firm to any potential traders seeking to get in on the game. Being the new kid on the block is tricky – because this is something that anyone can relate to. This is why finding someone you can trust on your side is so important, and London-Gates is an excellent choice.
Disclaimer: This review is written from my own experience and my self-knowledge only, and this is not a recommendation
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