Note: Gotlon's official site - https://gotlonfx.com/en is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
What is Gotlon？
Gotlon Investment Ltd, often referred to as Gotlon, is a financial service platform providing derivatives trading for international investors. As a company registered in the United Kingdom, it has been operational for a period of 2 to 5 years. Gotlon specializes in offering a range of instruments such as crude oil, precious metals, and Contracts for Difference (CFDs).
Despite it being reported as operating without authorization from the National Futures Association (NFA), it nevertheless continues to provide trading services. However, this non-regulated status might raise some concerns in terms of investor protection and credibility for prospective and existing clients.
Gotlon provides customer support via email at support@gotlonfx.com. However, the absence of an official website could limit the availability of detailed and up-to-date information about the platform's policies and operations.
The company purports to use the reputable MetaTrader 5 (MT5) trading platform, which offers advanced features for trading and market analysis available across various devices. With a typical minimum deposit of around $100 and a high maximum leverage that goes up to 1:500, Gotlon seeks to attract both novice and experienced traders.
Pros & Cons
Pros:
Competitive Leverage: Gotlon offers a maximum leverage of up to 1:500. This is considered high and competitive in the industry, potentially helping traders to amplify their trading profits. However, it's worth noting that high leverage can also magnify losses.
Cons:
Abnormal Regulatory Status: Gotlon is reportedly not regulated by the National Futures Association (NFA) or any other known financial authority. This could raise issues concerning investor protection and the credibility of the company.
Unavailable Official Website: Gotlon doesn't have an established official website. This limitation might restrict access to updated and comprehensive information about the platform's operations and policies.
Limited Customer Support: The absence of a robust customer support system could hinder the resolution of client queries and issues. The only known method of reaching Gotlon is via email.
Is Gotlon Safe or Scam？
Gotlon Investment Ltd, also known as Gotlon, is a company with an abnormal regulatory status. According to the information provided, Gotlon is not fully authorized or regulated by any reputable financial regulatory institution. The National Futures Association (NFA) of the United States, a reliable regulatory agency, has marked Gotlon's status as “Unauthorized” and holds no valid regulation. Consequently, Gotlon's operations exceed the business scope of the NFA's regulations (under the license number 0541243).
The company holds a Common Financial Service License; however, the absence of a valid regulatory compliance brings the credibility of such licensing into question. It's also pointed out that Gotlon's license is not shared with any other institution, as implied by the 'No Sharing' license type.
Given the risks associated with non-regulated or unauthorized brokers, potential clients should exercise significant caution. Trading with a non-regulated broker could expose investors to numerous risks including unregulated trading practices, lack of assurance of funds protection, and limited recourse in the event of disputes.
Market Instruments
Gotlon provides access to a selection of market instruments, including Crude Oil, Precious Metals, and CFDs (Contract for Difference). These instruments offer traders the opportunity to engage in trading and investment activities across these asset classes, allowing for portfolio diversification and exposure to various financial markets. Crude Oil and Precious Metals are commonly traded commodities, while CFDs provide flexibility in trading various underlying assets without owning them outright.
Leverage
Gotlon offers a maximum trading leverage of up to 1:500, which is a significant amount. This high leverage level is particularly advantageous for experienced traders and scalpers, as it can amplify the potential for both profits and losses. High leverage can enhance the trading experience but also involves increased risk, making it important for traders to make informed decisions.
Spread & Commission
Gotlon does not provide detailed information about its spreads and commissions, which could limit transparency on what traders can expect in terms of trading costs. However, it does suggest that it offers competitive spreads, with the spread on the EURUSD pair allegedly as low as 0.1 pips. Spreads are the difference between the ask and bid price of an asset and are a common form of trading fees. Although this offered spread seems quite attractive, without detailed information about Gotlon's commission structure, it's hard to form a complete picture of the overall trading costs.
Deposit & Withdrawal
Gotlon Investment Ltd provides Maestro, PayPal, Union Pay, Visa, and JCB as their deposit and withdrawal methods. However, without official confirmation, it's not entirely clear whether Gotlon supports these payment methods for account funding or withdrawal.
Customer Support
Gotlon appears to offer multiple customer support options, including email through support@gotlonfx.com and Gotlonfx@gmail.com, as well as instant messaging services like Whatsapp and Line. However, it's important to note that the actual availability and response speed of these support channels can not be reliably verified due to the unavailability of an official website. Traders should exercise caution and consider the potential limitations of customer support when engaging with Gotlon, as the lack of a website may impact accessibility and responsiveness.
Conclusion
Gotlon Investment Ltd, or simply Gotlon, is a company situated in the UK offering financial derivatives trading services. Despite its non-regulated status and absence of an official website, the firm offers trading in a wide range of assets, including forex, crude oil, precious metals and CFDs, to international investors. The use of the MT5 trading platform and competitive leverage levels are other features that could potentially attract clients to Gotlon. However, it is recommended that clients exercise caution and conduct thorough research before choosing Gotlon as their trading platform.
Frequently Asked Questions (FAQs)
Q: What is the regulatory status of Gotlon Investment Ltd？
A: Gotlon is not currently regulated by a recognized financial authority.
Q: What is the maximum leverage offered by Gotlon？
A: Gotlon offers a maximum leverage of 1:500, allowing potentially higher profits but at the risk of increased losses.
Q: What is the spread trading on Gotlon？
A: Gotlon claims to offer competitive spreads, as low as 0.1 pips on the EURUSD currency pair.
Risk Warning
Online trading involves significant 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 provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
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