GFT Forex - Forex Broker information, rating, reviews

GFT Forexhttp://www.gftforex.com/
Status
Regulation FSA (Japan), NFA, CFTC, DGCX, DMCC, ASIC, FSA (UK), MAS
Trading software Metatrader 4, DealBook® WEB, DealBook® Mobile, DealBook® 360
Headquartered 618 Kenmoor Ave SE Grand Rapids, MI 49546, USA; toll free:1 616-956-9273

Global Forex Trading was founded in 1997 as subdivision of Global Futures & Forex, Ltd.

Residence, Regulation, and Company Management Structure
The company is registered in the US, is registered with the CFTC, and is a member of the FCM.
A company has a few offices - their addresses are mentioned, the maps of their locations are available and he managers of company and its subdivisions are listed.

Company's Market Position

  • The company is positioned as an MM, but the banks-partners (liquidity suppliers) are not listed.
  • The company conducts client and managed accounts; offering professional, guided, management with the Satori Trading Company, and also different types of trader's support from other exterior companies.

Types Services Offered

  • The company the trades of currencies of 7 developed and 12 developing countries and their cross-exchanges. On every currency the name, size of tic, time of the greatest liquidity, sizes of spread and point, middle daily volume of transactions and terms of delivery are listed.
  • All of the currency exchanges are traded with selectable financial leverages from: 400:1 to 1:1.The size of standard lot is 100 000 units of leading currency, 10 000 units on the mini-forex.
  • Limitations on volume of transactions were not found, on the site, as were also not other terms readily available. The size of the supporting margin is set to 25%.
  • Trading with GFTforex is a rather expensive business. Different fees and payments are set by the company: for passivity, overnight, for withdrawing the money from account, for the transferring the funds from one account to another, etc.
  • The company offers a chargeable set of services for clients: an automatic trading system, translation of auction signals, professional online-comments, levels of DiNapoli and other things.
  • Depending on the type of account, the requirements on minimum deposits are set - from $250 to $10000.
  • Depositing / withdrawing of money are made through the traditional methods - bank order, cashier's checks.
  • The signing of a "hard" copy contract/agreement is required for opening an account.


Traders Support

  • Apart from English, the site also supports Japanese.
  • There is a page for beginners, with a demo-account offered.
  • Interactive support of clients is conducted by phone, by a chat and a blog (forum).
  • The fundamental support of traders is sound enough: there is a calendar of events, free of charge. However, payment is required for news and analysis, etc.

The Trading platform
The auction platform of DealBookR 360 is executable (size of distributive near 16?_) and provides both basic informative services and graphic analysis. The feature of the trading platform is the "direct trading with the graph," and the changing (of an order) is done by moving the line, illustrating it. There are some original functions in DealBookR 360, as, for example; the trailing of feet and support of transactions between traders. The platform can realise the sets of popular technical indicators.

The Site
The site is pleasant, but is overloaded with superfluous information, and self-advertising. Much important information is either hidden, within in a context, or reported on the special query. The search service on the site is practically useless.

Advantages

  • Registered in the US, and adapted to the rules of the CFTC. There are some public offices nad . open information about the management of the company. The registration of customer relationships is done with a "hard" contract.
  • There are a large set of trading currencies on offer with a selectable size of financial leverage and size of plumb line.
  • A wide set of different services for traders.
  • Flexible fundamental support.
  • A powerful trading platform.

Disadvantages

  • Much important information on a site is hidden or not indicated.
  • There is a high cost of trading, mainly because of non-trading payments and fees.

GFT Forex trading information

WWW http://www.gftforex.com/
Address 618 Kenmoor Ave SE Grand Rapids, MI 49546, USA
Headquarters Grand Rapids
Free phone 1 616-956-9273
24 hour support
Free education
Mobile trading
Automated trading
Demo account
24 hour trading
Accepts US traders
Hedging
Digits after the dot in quotes 5
Minimum position size 0.1
Spread Type variable
Pip spread on majors 1-2
Leverage 50:1
ECN, $
Standard account, $ 250
Mini account, $ 2500
Other payment methods Online Check
Popular payment methods Credit Cards, PayPal, Wire Transfer, Check
Account currencies EUR, USD, GBP, JPY
Other instruments Stocks, FX Options, Metals, Oil, Commodities, Indexes, Binaries, Indices, Spread Betting
Other languages
Languages English, Spanish, Chinese, Japanese, Korean, French, German, Portuguese, Italian, Arabic, Russian
Platforms Metatrader 4, DealBook
Regulation FSA , NFA, CFTC, DGCX, DMCC, ASIC, MAS
Foundation 1997
GFT Forex latest reviews

I completely agree with the previous comment. Spreads are tight and trader has access to wide range of markets. What I don't like is you should pay for this kind of quality much higher price. All commissions, transaction fees etc are above the average among FX industry. You can find reliable broker with lower expenses so I see no reason to open account here or keep on working with them.

Turtle_2   5 April, 2017  

Hi, I’m Jane Zurman, I had been a trader for 7 years and one day I decided not to be a simple trader, but to run out my own business. I had made a research and found these guys. What surprised me most of all, there is a real opportunity to start your own brokerage from $5000! UTIP Trading Platform fully suit for Forex and for Binary Options brokerage company, which bribed me immediately. By the way, I don’t pay any percent from my profit on the Binary Options and the turnover in the Forex market! That is very profitable option! The unique CRM system perfectly helps me to control all the actions of my employees. I remember I had nothing except the bad experience in trading. UTIP made my dreams come true and now I am happy to have business with these guys for 1 year already, they keep in touch with me and support me when it’s necessary. Respect for them!

Jane Zurman   6 April, 2017

I like the helpful information you provide for your articles. Ill bookmark your blog and check again right here frequently. I am quite certain Ill be informed many new stuff proper right here! Best of luck for the next!

Smithd973   6 April, 2017

Gft was acquired by forex.com. As a trader of both companies and active trader of Forex.com, I would say that things changed. No cancelation of winning trades, no tricks as it was before with gft. You got tight spreads and so on... What I want to mention is no extremely high number of price fluctuations during trading session anymore. They filter ticks and provide as smooth price as possible. I know it's been done as a good practice by others, so I see no negative impact on my performance.

Udesh   5 August, 2016  

I love the GFT spam comment from branson fan. With GFT you lose money if if you make money. I am amazed they get away with what they do.... How have they not been shut down? They close trades with tonnes of equity left in the account, they take huge fees out of profitable trades which then has them result in loses, and their software glitches at the most inconvient moments.

The funniest part is that their motto is 'above all integrity' .... This company should be shut down! How do they get away with it?

Dal   27 January, 2012  
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I trade with them about 9 months. First 3 months, I was not so skillful, I lost money; but the last 6 months, I made money. Good or not good; sometimes, it may depend how skillful we are. The longer we trade, the better we will.

Banson Fan   7 September, 2011  

STAY AWAY!!!! DON

Scamed   12 May, 2011  
  


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