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GFT Forex Review and Information 2024

GFT Forex Information and Review GFT Forex
Voting Rating GFT Forex does not participate in the Forex Rating
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Reviews Rating
Status Closed
Regulation FSA (Japan), NFA, CFTC, DGCX, DMCC, ASIC, FSA (UK), MAS
Trading software Metatrader 4
Headquartered 618 Kenmoor Ave SE Grand Rapids, MI 49546, USA

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. 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.

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.

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.

Global Forex Trading, commonly known as GFT Forex, is known for its dazzling charts and prompt customer service. Before a potential trader can even download the free demo, a “GFT licensed Forex specialist” is on the phone inquiring if he can walk the user through the platform.  The GFT Forex site has no trading or platform tutorials to speak of. The company does provide general background information on major financial markets and a glossary. Also, the user can download a software guide (PDF) that explains the platform’s features.

GFT Forex Trading Information 2024


WWW http://www.gftforex.com/
Address 618 Kenmoor Ave SE Grand Rapids, MI 49546, USA
Headquarters USA
Free phone 1 616-956-9273
24 hour support
Free education
Mobile trading
Automated trading
Demo account
24/5 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
Maximum Leverage 50:1
Standard account, $ 250
Mini account, $ 2500
Popular payment methods Credit Cards, PayPal, Wire Transfer, Check
Account currencies EUR, USD, GBP, JPY
Available assets Stocks, FX Options, Metals, Oil, Commodities, Indexes, Binaries, Indices, Spread Betting
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 Reviews and Comments

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.
  7 Aug 2023  

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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.
  12 Jul 2018  

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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.
  5 Apr 2017  

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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
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 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.
  5 Aug 2016  

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The Impact of EAs on Forex Trading: A Double-Edged Sword

By enabling continuous, algorithm-based trading, EAs contribute to the efficiency of the Forex market. They can instantly react to market movements and news events, providing liquidity and stabilizing currency prices through their high-volume trading activities.

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?

  27 Jan 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.
  7 Sep 2011  

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STAY AWAY!!!! DON
  12 May 2011  

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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 $
  22 Mar 2011  

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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

  22 Mar 2011  

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I would adviser anyone do not trade with them. There are professional scam service there will take your money even you not on account to trade that have happen to me. I have very bad experience with them have ever across with any broker in my life there are worst service ever will never go to that scam company there are today that is my strong adviser not trade with them.
  8 Oct 2010  

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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.
  14 Nov 2009  

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

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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!
  17 Sep 2009  

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

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XM Human Broker - Transparent, Fair and Focused on the Client

No hidden terms in pricing, execution, or promotions. Same quality of services, market order execution and level of support for all clients regardless of investment size, investment goals and financial situation. Easy and convenient systems for opening and managing account(s), for depositing or withdrawing funds. and for trading the international markets.

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

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