GFT Forex Reviews and Comments

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Cheating company, any one who wants details contact me. I lost $600 with this broker because of the spread. During the release of news, it increases to 20pp. this was 1 month ago. And today, calmly, without news at 00-05 terminal time, the spread increased to 30pp. And 600 dollars was blown away by the wind. There was no news, as they explained to me in technical support in the first case. I traded the euroaud pair. Be careful. Money is taken away. I had read about them before, but I didn't believe until I lost $600 myself.
Korvin 7 Aug 2023 Reply

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GFT Forex is a scam company, there is no doubt about it. Last year they stopped withdrawing money from the account. At first, they simply did not fulfill withdrawal requests, but now they have come up with a new method not to pay and at the same time reduce the account balance. They simply delete withdrawal requests, while the money is not returned to the account, i.e. in fact, this is an implicit theft of funds. This year, 4 requests for withdrawal of funds were deleted for a total of $103. Contacting support does nothing. In live chat, they ask me to write to the mail, I wrote a bunch of letters, but I still have not received any answer.
Jorje 12 Jul 2018 Reply

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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 Apr 2017 Reply

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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 Apr 2017

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Smithd973 6 Apr 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 Aug 2016 Reply

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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 Jan 2012 Reply

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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 Sep 2011 Reply

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STAY AWAY!!!! DON
Scamed 12 May 2011 Reply

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Think it is better to trade your underwear with gals for lingerie, try their system & that's the last time you see YOUR $
Dirty..... 22 Mar 2011 Reply

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Whole damn company don't know a shit as to what they are doing a bunch of sloppy shits that's all,
need the client to teach them their job roles & responsibilities
Beware!!! 22 Mar 2011 Reply

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Although the platform is waaaaaaaaaaaaay too slow for day trading, swing traders will enjoy the vast amounts of studies available. If trading is your day job, this one's not for you.
Fred 14 Nov 2009 Reply

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They are a bucketshop but the US Government is a lame duck and won't do a thing.
mike 18 Sep 2009 Reply

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My EUR/GBP Stop Buy was executed 3pip above market day high 0.8936 in the morning and I also could not find any executed 0.8936 in other dealers quote. My identical order in MF Global was not executed and confirmed my STOP order must be reflective to be valid. Whereas GFT dealing desk arrogantly reasoned their market/chart price only displayed their BID price 0.8933 whereas executed ASK [Stop Buy 0.8936] price is not shown and this is how their system work!! This means their ambiguous spread range is damn dynamic, flexible and justifiable to execute any favorable or unfavorable STOP order... there is simply no transparency... you'll never make money when they can trade against your stop without a display executed price.. They’ve conveyed otherwise when they want the account and I’ve yet to find any information on this non-displayed of "spread" executed price clause. Watch out and it's unfortunately for me to be impressed to further evaluate their program/service with real money.. Make your wise choice!
Koh 17 Sep 2009 Reply

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The platform is as stiff as a prick.....and so frigging complicated for starters...I was out in a sec
Ifeanyi 28 Apr 2009 Reply

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Total SCAM, they trade against you, and ready to explain some terms you cannot understand on the never ending fees
LOng 23 Dec 2008 Reply

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Spreads and rollover fees on spot contracts are murderous on exotic currencies. It took me two solid days of filtering their awful account statements to figure out where the money was leaking out.
Mr Potato Head 20 Dec 2008 Reply

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put my aud/us sell just before RBA announced rate cut...didn't go thou. lost 74 pips...thanks gft...had issues with platform. froze computer a few times
mark 11 Oct 2008 Reply

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If you are a small trader their fees will destroy you.
fisherco1 18 Dec 2007 Reply

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Difficult to make any money with a mini account - even when you win, you loose, with all the hidden charges and fees. And now 5 weeks after closing my account I,m still waiting for my funds to be refunded - the wired funds seemed to have got lost in cyber space and no one gives a damn. Get out quick if you can!
Keith Anderson 13 Aug 2007 Reply

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I was there before aswel and quickly realised it was nonsense. Definitly not honest and not regulated. I have been now with ACM and its really going ok, the only quirk is the spread widening during news which is not excessive but exists. The stop loss ordes always go through even during news and I'm not big news trader so for me it works.
GFT IS A SCAM 29 May 2007 Reply

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Server Problems... server problems...server problems.... their favorite excuse. Their statements are nuts. Try to close an account and get 'have to wait 3 days or so to convert canadian dollars to US dollars...' Wot? huh? Splain dis to me lucy ... o_0 ... is there anyone out there who is honest? They all need to be regulated. This is nuts
PO'd in USA 16 May 2007 Reply

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I HAVN'T HAD ACCESS TO MY PLATFORM IN A WEEK !!! EVEN THE WEBSITE IS DOWN !!! THEY WANT ME TO TRADE BY CHAT OR PHONE.. THERE IS NO CHAT!!!!!!!! THIS IS SOO BAD !! I'm outta here asap !!
DOWN !!!! 10 May 2007 Reply

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GFT is not a regulated broker, its a total bucketshop that is only a replacement for GCI which was banned from the USA...careful
Jeffrey Simal 19 Dec 2006 Reply

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GFT Forex

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...

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