GFT Forex - Forex Broker information, rating, reviews

GFT Forex Forex Broker   GFT, Division of Global Futures & Forex, Ltd.

GFT Forex Voters Rating: 50 %, 0%

Traders Rating: GFT Forex Traders Rating on Forex-Ratings.com 3


   
GFT Forex licenses and regulations: 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
Pip spread on majors 1-2
Spread Type variable
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

Review Rating - 2
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.

Review Rating - 2
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?

Review Rating - 2
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.

Review Rating - 1
STAY AWAY!!!! DON

Review Rating - 1
Think it is better to trade your underwear with gals for lingerie, try their system & that's the last time you see YOUR $

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