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GFT Forex

GFT Forex GFT, Division of Global Futures & Forex, Ltd.
License The company is registered in the US, is registered with the CFTC, and is a member of the FCM.
Trading software FX Mentor™, DiNapoli D-Levels™, Foresight-A.I.™
Trading conditions Min. deposit: $250
Leverage: 400:1
Commissions: 0
Free trial: Yes
Pip Spread on Majors: 3-5
Address international:1.616.956.9273; toll free:1.800.465.4373

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.
Actualization date4 May 2010
Foundation1997
PlatformsMeta Trader 4
LanguagesEnglish, Russian
Other instrumentsno
Payment methodsCredit Card, PayPal, Wire Transfer
Mini account$250
Standard account$250
Leverage400:1
Pip spread on majors3-5
Commissionsno
24 hour trading
Demo accountyes
24 hour support
Free phone1.800.465.4373
Mobile forex trading
1st deposit bonusno
Forex contests, competitionsno
Free forex education
Headquarters618 Kenmoor Ave SE, Grand Rapids, MI 49546 USA
WWWhttp://www.gftforex.com/
Interest charges on the balanceno
 

Latest forex broker news

22 February 2010   GFT Forex
Worldwide trading contest reveals the power of social networking to determine who
Worldwide trading contest reveals the power of social networking to determine who
18 February 2010   GFT Forex
GFT Now Offers 123 Currency Pairs
GFT has added an additional 59 currency pairs to the 64 it already offers, now offering customers 123 pairs to trade.
17 February 2010   GFT Forex
Online Trading Company GFT Launches Free iPhone
DealBook
7 February 2010   GFT Forex
Worldwide trading contest reveals the power of social networking to determine who
GRAND RAPIDS, Mich., Feb 7, 2010

New Year offer, “Extra 50% bonus”

We are glad to inform you about our special New Year offer, “Extra 50% bonus”, which will last from December 16th to 31st, 2011. Starting December 16th, you have an opportunity to receive extra 50% bonus each time you deposit your trading account.
19 January 2010   GFT Forex
2009 Year-end Tax Statements Notice
Please be advised that information about your year-end tax statement can be obtained directly from GFT's trading platforms. Per the US Internal Revenue Service tax code...

Latest comments

27 January 2012   Dal Answer this comment   GFT Forex Add new comment for GFT Forex
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?
7 September 2011   Banson Fan Answer this comment   GFT Forex Add new comment for GFT Forex
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.
12 May 2011   Scamed Answer this comment   GFT Forex Add new comment for GFT Forex
STAY AWAY!!!! DON
22 March 2011   Dirty..... Answer this comment   GFT Forex Add new comment for GFT Forex
Think it is better to trade your underwear with gals for lingerie, try their system & that's the last time you see YOUR $

Just 1 click away and you too can learn how to trade forex, stocks, commodities and more

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22 March 2011   Beware!!! Answer this comment   GFT Forex Add new comment for GFT Forex
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






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