Platform
Built as a web-based platform, London Gates innovates and delivers speed, ease of use, and the tools needed for traders to succeed. In my trading platform 2020 Review, London Gates was on the top of the list, I have been using their services for a year now. I am not exactly fond of their website color scheme but I was satisfied with their services. I wanted to share my experience with you all, as well. I want to go through all the details that I notice on the platform and give you all a rundown of the entire platform as best as I can.
Options trading: For casual and active options traders, London Gates offers the perfect blend of usability, excellent tools, and seamless position management (custom grouping, real-time streaming greeks, risk analysis, and more). And, for newer traders, there isn’t a better platform than London Gates on which to learn how to trade options. For example, using the Analysis tool, not only is Risk/Reward translated with, but key events to watch out for are also listed alongside a P&L chart. It’s a work of art.
Futures Trading: Like options trading, London Gates also provides a great experience for trading futures. Multiple futures ladders can be run at once, orders can be fired off with ease thanks to their Quick Trade, and like options, managing positions is a breeze.
Account Types
London Gates gives no less than 5 distinctive account packages to fulfill your trading needs. They understand that there is a wide range of customers with extraordinary inclinations and trading objectives, so it is just appropriate that they should each approach an alternate account type.
You can look through these account types as you wish – the only thing you have to do to switch between the two is to deposit more cash into your account. London Gates’ group has made a point to make this process to go as easily as could be expected under the circumstances.
Self-Managed Account
The principal account type that you will experience is the Self-Managed account. Here, with a deposit of just $250, you can approach more than 200 tradable assets on the engaging platform. You can likewise keep on being informed and updated with the daily events available through the market review which will show up in your inbox. You can likewise trade with the leverage of up to 1:100, which is very excellent, particularly for beginners.
- Over 200 tradable assets
- Market review
- Flexible leverage up to 1:100
Select Account
Next up is the Select account, which you can obtain by depositing a rate $10.000. This may appear to be a great deal; however, it brings you so numerous additional opportunities and advantages for your trading. The main thing that strikes a chord is that you will get your own special account supervisor. They will direct you through everything in your trading venture. At that point, there are likewise engaging rewards that you can appreciate, just as worthwhile Select spreads.
All the “Self-Managed” 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 planning
- Special venture promotions
- Monthly Webinars
- Level-3 prioritised withdrawal process
Personal Account
The Personal account is accessible with a deposit of $50.000, and the potential outcomes are basically unfathomable. With the leverage of up to 1:300, you can simply gain benefits on the internet. Additionally, you can use the trading signs, investigation, and other accommodating tools that will improve your trading technique.
All the “Select” features plus:
- Flexible leverage up to 1:300
- Spreads from 0.5 pips
- Tier- 2 trade analysis
- Weekly webinars
- Level-2 prioritised withdrawal process
Honors Account
All the “Personal” features plus:
- Powerful leverage up to 1:400
- Ultra-tight spreads from 0.0 pips
- Full access to webinars and analysis
- Level-1 prioritised withdrawal process
- Access to VIP events
- Special gift worth $5000
Wealth Management Account
Ultimately, the Wealth Management account is the most noteworthy of the high at London Gates. It is an invitation in particular. Along these lines, if you are a committed and a trusted customer of London Gates, you can join their group of advanced traders with no cut-off points.
All the “Honors” features plus:
- Apply for our exclusive account for a tailored-made solution
Deposits and Withdrawals
With regard to making deposits and withdrawals, the London Gates group has tried to guarantee this process isn’t just productive and quick yet additionally protected and solid. For that reason, they have incorporated an assortment of strategies into their daily tasks.
To begin with, there is the Anti-Money Laundering Policy. This shows that London Gates is helping law implementation to forestall any extortion or other harmful exercises that could disturb your trading.
Next, there is the KYC strategy, which is particularly helpful here. Specifically, this approach expects you to give extra data that would affirm your information. KYC protocols are something which is protecting you and your funds, but its not so simple to complete. They incorporate your identity, spot of home, and other significant data. Along these lines, your cash is secured and reaches you in the blink of an eye. This applies to at whatever point you wish to make a withdrawal.
In this way, the depositing process is very basic and quick, regardless of which installment choice you pick. Discussing, the payment methods that are accessible at London Gates incorporate the bank wire transfer and credit and debit cards. With regards to withdrawals, the story is somewhat special here. Specifically, the handling times can rely upon your bank’s approach, so you should remember that. Likewise, there are a few expenses that apply here too, which is additionally standard. They rely upon the sum that you wish to withdraw from your account.
Regulations
One of the most well-known deterrents that the customers face today is an absence of regulations at their preferred trading company. There is an ever-increasing number of companies rising today that can’t guarantee your security and trading achievement.
Considering that the London Gates company is situated in London, we need to give them props for that. To start with, the UK is one of the hardest administrative regions in the world. The brands that are based here are directed by the Financial Conduct Authority (FCA) which is one of the strictest administrative bodies in the business. FCA is continually refreshing its administrative margins and adding new approaches with the goal that you can be ensured during the whole trading measure.
Let me clarify, the brands that are controlled by FCA are mentioned to consistently follow the rules that this authority imposes. Also, if not, harsh fines will be forced on them. Thus, it is to everybody’s greatest advantage to keep these severe regulations and rules, and London Gates is certainly mindful of that reality. Only just this fat makes me breathe easy while trading with London Gates
Research
Conducting research is no easy task. That said, for traders that commit and learn the platform, London Gates includes advanced research tools seasoned traders desire, such as scanning and back-testing.
London Gates’s shining star is research. The entire website experience is meticulously laid out, clients can access portfolio updates, and the broker provides terrific in-house market commentary.
Stock research: When pulling quotes, The platform does not have many German/australian/irish/spanish/italian stocks butLondon Gates provides the most accurate and up to date research reports for stocks and for ETFs, the largest of any broker. Is that information overload? Perhaps. But it illustrates how thorough London Gates is when it comes to research.
Market commentary: London Gates’s leadership in research also extends to market commentary with London Gates Viewpoints.London Gates should be commended and I love the platform because they are able to provide the most useful and easy to understand trading market information that can be understood by all kinds of traders, whether they may be beginners or experts in the trading world, London Gates keeps its clients updated with the lasted news in the market. As a regular reader myself, my favorite Viewpoint article is the annual sector outlook report, which highlights key trends to watch and includes detailed sector analysis.
Good stuff: Research highlights include numerous screeners, extensive back-testing functionality, and portfolio analysis tools, which are all excellent.Platform default is candlestick chart and i prefer linear graphs.For traders looking to conduct specific research, London Gates offers dozens of third-party providers feeds a la carte, which are available for a monthly fee.
Customer Service
To score Customer Service, StockBrokers.com partners with customer experience research group Confero to conduct phone tests from locations throughout the United States. For our 2020 Broker Review, 280 customer service tests were conducted over ten weeks. They can be a bit slow in the night-time as compared to morning customer services but in they end they give me proper solutions.
- Average Connection Time: 1 – 2 minutes
- Average Net Promoter Score: 8.3 / 10
- Average Professionalism Score: 9.5 / 10
- Overall Score: 9.17 / 10
Offering of Investments
London Gates provides all the benefits of what an investor would expect of a full-service brokerage, including the entire spectrum of investment services, from stock trading to retirement guidance.
Final Thoughts
With industry-leading commission rates for professional traders, more than 60 optional order types, trading in more than 135 international markets, and a robust trade platform suitable for any professional, London Gates is an excellent choice for traders who fit into its target mold.
