(6 votes, average: 3.17 out of 5, rated)
The Global Forex Trading is known as the Division of Global Futures & Forex, Ltd. The GFT Forex is a company based in the United States of America but with different offices located in three different countries. The GFT Forex is a division of Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC).
The GFT Forex in the United States is a member of the National Futures Association (NFA). In Australia, they are regulated by the Australian Securities and Investment Commission (ASIC). They are regulated as well by the Financial Supervisory Agency (FSA) in United Kingdom and Japan.
The GFT Forex is a provider of global foreign exchange in more than 120 countries globally through the software and services for Forex trading of the customers.
GFT Forex offers trading of foreign currencies. The currency pairs are in 21 variants. Commission-free trading is provided by GFT Forex yet the profit of the company is basically derived from the differences of the bid and the offers to the client. There are no stop orders slippage on the hours allotted for the foreign exchange trading. There are no other partners declared or known in its website.
The company offers mini accounts and standard accounts for their clients’ options. The value of mini accounts is in 1/10th of the contract in the standard account. In dollars, a mini contract has a value of US$10,000 and the standard contract with the value of US$100,000. On the other hand, the value of pip for Euro mini Forex contract is the same as 1/10th raising the value of dollar to roughly US$1.00 on Euro per pip. The margin requirement is reflected to 100:1 or 1%.
The minimum account value for GFT Forex is only US$300 set by the compliance department. However, the recommended account value is US$750 but is not required.
The Commission-free trading is offered by the GFT Forex. Free quotes are received by clients, live account statements online, news and even charts that are with customized abilities that aids the clients to have faster and intuitive trading decisions are all in the support that can be expected from the GFT Forex. WorkBook is a tool that allows the client to handle their pages for their single or multiple currencies, chart incorporating, ITX tools and even statements. This can be viewed by the user anytime.
Demo for trading is also offered by the GFT Forex.
For any type of trader, the GFT Forex platform which is the Market Center Direct FX allows access to all inter bank resources that were made available to its individual users. This can make users take advantage of the advanced trading technology of RJFOX, be enabled the monitoring of stopping, limiting and order cancels order (OCO) be viewed in the charts.
The software is designed sensibly to offer the greatest service for the online clients’ needs.
With huge information incorporated in the website, organization of the website was in poor condition. Navigating and searching for certain information from the website is not easy, even problematic. Self-advertising is also done too much in the websites for the GFT Forex.
Please share your experience using GFT Forex by leaving a comment.
Please rate GFT Forex
GFT platform is good for the experienced,and bad for the novice.Agreed they have the smartest charting going back by more than an year—but then not everyone is an expert in deciphering charts.
sunny's rating:Yeah, I find prices fluctuate wildly here and you end up loosing capital—so much for experience.
romnick's rating:Romnick, if you trade on a small capital of say $300-$500 you are always in a highly leveraged situation, and when a trend breaks-out you loose. Cant blame GFT for that. Or do they trade against you? Thats something I wouldnt know.
juke's rating:No I dont think they trade against you. Thats for sure.Yes the better leverage helps, but that calls for more cash to start off. The bigger the better kinda situation
peters's rating:Peters, how can you be sure they arent trading against you? Charting at times is on opposites;if metatrader were going one way GFT could be going just the opposite way, that what it looks like at times.
neetu's rating:I guess its the leveraged situation that causes the problems—not with gft but others as well.But if you had adequate capital and patience then gft is as good or bad as any other platform.
james's rating: