GTStox-Overview of Minimum Deposit, Leverage, Spreads

Note: For some unknown reason, we cannot open GTStoxs official site (https://www.gtstox.com/) while writing this introduction. Traders need to be careful about this issue.

General Information & Regulation

GTStox, a trading name of Bryx Tech LTD, is allegedly an unregulated, blacklisted and offshore forex broker registered in Dominica that claims to provide its clients with over 300 tradable assets with leverage up to 1:500 and spreads from 3 pips on the web-based trading platform, choice of three different live account types, as well as manual, automated and copy trading services.

Market Instruments

GTStox advertises that it mainly offers more than 300 trading instruments across five different asset classes in financial markets, including forex, commodities, stocks, indices and cryptocurrencies.

Account Types

There are three live trading account types offered by GTStox, namely Self-Trading (for manual trading), Robot Trader (for automated trading) and Copy Trader (for copy trading). However, the broker says nothing about the minimum initial deposit amount to open an account.

Leverage

A leverage ratio of up to 1:500 is offered by GTStox, which is much higher than that provided by most brokers. Remember that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads

As shown on the web-based platform of GTStox, the spread for the benchmark EUR/USD pair was 3 pips, which is 2 times higher than the industry-standard 1.5 pips.

Trading Platform Available

The platform available for trading at GTStox is the web-based platform. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

GTStox appears to accept deposits via credit cards and wire transfers, while the only acceptable withdrawal method is wire transfers. The minimum initial deposit requirement is said to be $250. The minimum initial deposit is €/£250 for bank cards and €/£500 for wire transfers. The minimum withdrawal amount is €/£500 for wire transfers.

Bonuses & Fees

A broker's bonus funds are considered non-deposit funds if they are made or consisting of money. Funds of this type are not available for withdrawal, and GTStox may cancel any withdrawal if approved.

The broker also charges an inactivity fee. An account becomes dormant after only 31 days of inactivity and might be subject to a 100% inactivity fee.

Customer Support

GTStoxs customer support can be reached by telephone: +442080891809, email: support@gtstox.info. Company address: 8 Copthall, Roseau Valley, 00152, Commonwealth of Dominica.

Risk Warning

Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.