GSL Markets Review

GSL Markets Review

General Information

Broker Name: GSL Markets

Broker Type: Forec and CFDs

Regulation: CySEC

Year of establishment: 2022

Headquarter Country: Bulgaria

Address: Bulgaria , city of Plovdiv 4006/ region Plovdiv, Plovdiv Municipality, Izotchen ( Eastern) municipal district , 32 ELBA street floor 5, Apt : 14

Customer Service :

Phone: +442045773811

Email:N/A

Languages: English , German

Availability: 24/5

Trading

Trading Platforms: MetaTrader5

Minimum Deposit: $100

Mobile trading: No

Web-based trading: Yes

Demo Account: Yes

Bonuses: 100% Welcome Bonus

Leverage: 1:500

Spread: 0.3 pips

REVIEW CONTENT

  • General Information & First Impressions
  • Fund and Account Security
  • The Trading Accounts
  • GSL Markets’ Trading Platform
  • Funding and Pricing
  • Customer Service at GSL Markets
  • Conclusion

Broker Review: GSL Markets

Broker Review: GSL Markets

General Information & First Impressions

GSL Markets is a new Bulgarian brokerage that offers trading on various different asset classes. The brokerage operates via CFDs and focuses on creating a streamlined and potent forex trading service. It primarily targets European traders, although it also accepts traders from outside of Europe. Our GSL Markets review will go in-depth about its usability and compare it with other popular options.

As a new broker, GSL Markets needs to prove itself more than those that have been around for a while. It’s much easier to retain clients once you’ve built up a company than attract new ones. That’s especially true with some traders’ weariness towards newer online financial service providers.

Luckily, gslmarkets.com came prepared, with its experienced team assuring customers everything’s in order. As such, the broker created a fantastic introductory experience that shows its capabilities.

GSL Markets did a fantastic job at showing its best qualities. It doesn’t come off as overly boisterous, and it doesn’t promise obviously false or obscure conditions. Upon your first inspection of the broker, you’ll likely already have a solid idea of what you’re getting into. We can’t say the same for most modern brokers that have started employing bait-and-switch tactics.

On top of that, gslmarkets.com runs well and looks good to boot. Naturally, appearance doesn’t shape your brokerage experience, but it does display meticulousness on the company’s end. Smooth browsing also isn’t the most important feature, but it does improve the user experience and reduce frustration.

As you can already see, the broker left quite an impression to start our gslmarkets.com review. It doesn’t look like the company just opened recently and instead feels like it’s an experienced, confident broker. We’re eager to ride the momentum and show the rest of the broker’s features.

Fund and Account Security

Fund and Account Security

Safety is a huge concern in the current online financial climate. Finance has always been desirable for scammers, as they stand to gain a lot from their behavior. Since a lot of money is going around, a few well-timed cons can make criminals rich.

Currently, another concern is informational security. Brokers require a lot of your personal data, so getting that leaked can get you into big trouble. For example, your card data lets someone drain your money, but what if they have your name, date of birth, and your personal identification numbers. That opens the door to identity theft and a whole array of similar issues.

As such, you need to vet every broker that you find and trust only the ones that pass your inspection. Then again, that takes some time to learn, so we’ve devoted this part of our GSL Markets review to inspecting the broker.

Luckily, the company’s straightforward, transparent approach made that easy to do. The legal documentation is clear and free of any concerning conditions. On top of that, the broker’s approach to presenting its service assures us that it’s a serious company with honest intentions.

It’s also important to note that the broker works from Bulgaria, which is within the EU. That means the company is under the watchful eye of local regulators as well as EU entities. Additionally, that means it has to adhere to EU legislation on online finance companies, such as MiFID II.

Overall, we feel like that eliminates any chance of GSL Markets being a scam or otherwise unsafe. The company has a serious approach and a slew of legislators watching over its shoulder. We don’t think it has any intention of scamming customers, but even if it did, we doubt it would work out.

The Trading Accounts

GSL Markets has a standard account structure, although it does manage to stand out with some features. It uses the usual split of accounts that hinges on the amount of money you’ve deposited. The money accumulates, of course, so you can progress gradually instead of going all out at once.

The minimum amount you need to have in your account to start trading is $10,000. That may be a bit high for novice investors, but for serious traders, the amount isn’t anything spectacular. We can confidently say the price tag is in line with the broker’s service. It’s also important to note that brokers can’t provide financial services to traders with inadequate risk profiles. Naturally, determining a risk profile largely depends on the user’s disposable income and current funds.

And as we just mentioned in our GSL Markets review, the price tag is fair for what you get. Right from the start, the broker hits you with luxury features, such as personal assistants. On top of that, since there are no budget options, the broker can go all out with its functional trading features. As such, the high price point translates to a better experience for people that can meet it.

We also need to mention the managed account function that the broker offers. Once you reach a certain deposit threshold, you can hand over your account to the broker’s professional trader team. When you do, you can either spend your trading time as free time or keep your trading hours to boost your profit. We highly suggest exploring the feature, as it can be massively beneficial to any trader.

Here are the features you can expect from the accounts at gslmarkets.com:

The Trading Accounts

Bronze

  • Minimum deposit: $10,000
  • Personal account manager
  • Trading Platform Introduction
  • Risk Management Strategies and Guidance
  • Basic Market Education Sessions

Silver

  • Minimum deposit: $25,000
  • Personal account manager
  • Trading Platform Introduction
  • Risk Management Strategies and Guidance
  • Basic Market Education Sessions
  • Personalized Trading Alerts

Gold

  • Minimum deposit: $50,000
  • Personal account manager
  • Trading Platform Introduction
  • Risk Management Strategies and Guidance
  • Basic Market Education Sessions
  • Personalized Trading Alerts
  • Risk Free Trades
  • Practical Guided Trading Sessions

Premium

  • Minimum deposit: $100,000
  • Personal Account Manager
  • Exclusive access to our VIP Trading Signals Telegram Channel
  • Exclusive access to the Jack Scienza WhatsApp Group
  • Trading Platform Introduction
  • Risk Management Strategies and Guidance
  • Basic Market Education Sessions
  • Personalized Trading Alerts
  • Risk Free Trades
  • Practical Guided Trading Sessions
  • Eligible for the GSL Markets Managed Account Service

Platinum

  • Minimum deposit: $250,000
  • Personal Account Manager
  • Exclusive access to our VIP Trading Signals Telegram Channel
  • Exclusive access to the Jack Scienza WhatsApp Group
  • Trading Platform Introduction
  • Risk Management Strategies and Guidance
  • Basic Market Education Sessions
  • Personalized Trading Alerts
  • Risk Free Trades
  • Practical Guided Trading Sessions
  • Eligible for the GSL Markets Managed Account Service
  • Higher Leverage

VIP

  • Minimum deposit: $500,000
  • Apply to Learn the Conditions

 

GSL Markets’ Trading Platform

GSL Markets’ Trading Platform

For its platform, GSL Markets chose one of the best trading solutions out there. Of course, we’re talking about MetaTrader, or more specifically, MT5. The platform promises transparent and quick execution along with top-tier security.

Additionally, the platform ranks among the most intuitive trading software on the market. So since you’ve already likely used MT5 at one point, that flattens the learning curve. That’s especially meaningful for day traders and those that rely on high-execution trading tactics. Not needing to relearn a platform and button placement can significantly improve your trading accuracy and success rate.

Technically and analytically, the platform is among the most advanced you’ll see out there. It supports numerous graphical indicators and automation features that can make your trading journey more convenient.

Funding and Pricing

The broker is transparent about its funding and costs to the extent that few online companies are. Before you sign up, you can familiarize yourself with the full pricing structure. That works in favor of the broker’s transparency that we’ve commended throughout our GSL Markets review.

On top of that, we’re glad to say that the broker is among the cheapest trading options out there. Of course, that may sound like it misaligns with our previous statement that it requires $10,000 in your account to start trading. However, despite the entry requirement, the deposits don’t cost you anything since you can trade with all of that money. And with options for fee-free deposits and withdrawals and spreads starting from 0.0 pips, you pay almost nothing for the service.

The deposit and withdrawal structure is great as well. There are options for cards and wire transfers, with the former processing quicker. Wire transfers, however, are free of any charges, so they’re the most optimal choice. If you’re in a rush, you can top up with a card with the broker taking a small cut.

Customer Service at GSL Markets

GSL Markets’ support team works around the clock, beating the standard 24/5 setup. The team is great and dealt with our test issues quickly while kindly communicating.

Phone: +442045773811

Customer Service at GSL Markets

Conclusion

GSL Markets is a fantastic new company that has just about everything you’d want from a broker. It’s cheap, meaning a minimal amount of your earnings will leak away as trading costs. On top of that, it’s transparent and communicates well, letting users make an informed decision. It treats customers with the dignity few modern brokerages do.

We were impressed with the consistent quality of the broker’s trading features and its client treatment. To wrap up our GSL Markets review, we’d suggest you give the broker a shot.