GFT Forex

Global Futures & Forex, Ltd.

GFT Forex - Forex Broker

Broker nameGFT Forex
Company nameGlobal Futures & Forex, Ltd.
Online since2001-01-01
Site urlhttp://www.gftforex.com
CountryAustralia
Minimum account size250.00
Minimum account size currencyUSD
Minimum position size0.100000
Maximum leverage400
Maximum leverage descriptionfrom 1:100 to 1:400
Spread levelhigh
Spread descriptionVariable (3 pips average) on EUR/USD
Is regulatedYES
Regulation descriptionRegistered with the Commodity Futures Trading Commission, is also a member of the Australian Securities and Investments Commission (ASIC), an independent Australian government body that regulates financial markets, securities, futures and corporations sin
Easy registrationYES
Votes count63
Rating2.90
Email

Please rate this broker


Advantages

  • MetaTrader broker.
  • Unique trading software.
  • Ability to trade with really huge amounts of money.
  • Free Forex training.
  • More than 60 currency pairs.
  • Leverage up to 1:400.

Disadvantages

  • Opening an account is a complicated process.
  • Variable spreads can be quite high.

Payments

  • Bank wire
  • Credit cards
  • PayPal
  • eCheck
  • paper checks

Categories

Visit broker

6 Reviews

  1. Sylvester:

    GFT Forex – I hate this broker so much that you even imagine! I deposited once $30,000 on my account there and as soon When I started to make nice profits the broker just suspended my account. A had one day a $3,000 profit which I lost because the account suspension. You have to be careful because if you will gonna place a wrong order then they would not let you recover your money no more. The broker will just block you and wait until your profits will vanish and if you will ask about this problem they will say that “DEALBOOK 360″ is the problem…

  2. Andy Profus:

    GFT Forex has a lot of hidden fees. Do not register there!

  3. karon latcham:

    Someone recommended GFT Forex as being a good broker but now after reading all these reviews I am confused about registering there or not. I do not want to run into another scam!

  4. Matteo:

    I tried the miniaccount at GFT Forex but I discovered that I cannot use indicators with him.
    You get almost nothing not even a simple average!
    If you want to use indicators you have to fulfill your account with at least $2,500
    The demo accounts have a period of only 30 days and the broker does not give you the option to renew the perion. You get only this message: “Demo account expired, open a real one to continue”.
    I like their trading platform Dealbook 360, but the overall impression about this broker is ad and I don’t recommend it.

  5. Alex Findlay:

    2008-09-16
    My Review:
    I encountered a problem recently and I wonder yif you had faced the same issue.GLOBAL FOREX TRADING BROKER is providing DEALBOOK 360 platform for trading forex.. JPY I performed currency trading Dollar Euro pound GBP JPY.
    1. I see profit or loss displayed after I close my position.
    2. I liquidate on Monday but the settlement day is Tuesday.
    3. GFT has told me thatclaims I am responsible for any loss they produce from the time I liquidate my position to the settlement day.
    4. GFT has a trading desk which works like a filter before orders reach the Interbank. I can see immediately my profit or my losses.
    5. I was charged by GFT for the pip movement that occurred between the liquidation date and the settlement date. This was very unfair to me.
    6 Because I pay GFT in advance I think the settlement should not interfere in my transactions.

    7. When GFT had some losses they take money from my account without even notifying me and close my trades to never have to return the money to my account. The have a special program that is used to trade against the customers. They will never admit that of course and you will always be the one who loses. Here is a potential formula of how they work with their customers. There are 45% short and 55% long and the customer has only the difference of 190% to make profit. This is how it works for them.
    8. You can do a research of yourself..
    Of course if you wish and if you have the time to do that.
    The terms that are presented by this broker are so weird. There are many conflicting rules and I even got emails from customer support with radically different explanations of the same problem.
    Alex Fibdlay
    [email protected]

  6. Keith Anderson:

    Was one of the worst trading experience of my life! It is impossible to earn some profits having a mini account. There always are some hidden fees which you have to pay and eventually you end up wiping all your deposit. I try for a week to recover my remaining money from the account balance. It seems that nobody hears you when you complain to support about your problems. Watch out for your money!
    I made a complaint to NFA already.

Leave a Review

*