Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. Withdrawals, too, may be made online, but these Web pages were not functional at the time of this review. Our Thought Leadership How to adapt your business to an ever changing world. I think overall they are pretty good, but I still prefer not to let them know what I am doing, no broker is THAT honest, hence the 9 instead of
Join the Leading Industry Event! We are moving to a far more focused approach on our institutional relationships in the U. S, Japan and our other important operations around the world. We are moving our US retail forex business to our longtime trusted partner, TD Ameritrade and the Japan retail forex business to a partner in Japan. GFT services several partners around the world so these moves for our customers should be fairly seamless as our ability to service institutional partners is certainly one of our strong suits.
We are working on the arrangements in both the US and Japan to deploy seamless transitions for the retail accounts affected by this decision. We have notified our accounts in each region and will update them as needed on progress regarding the transition. We are deeply grateful for the trust and faith shown by our retail accounts in opening with GFT and look forward to transferring them quickly to their new homes.
We are obviously disappointed to be leaving any markets where we compete and certainly are thankful for the time and resources invested by our teams globally to build them to this point. After careful evaluation of the global markets and the challenges our industry is facing today we made the strategic decision to change how we compete in these two retail markets. I want to assure everyone around the world that GFT is focused on growing an efficient sustainable business, and committed to serving our accounts at the highest level.
We have aggressive growth goals and look forward to growing market share and expanding our business. For many of the accounts we will stop serving directly we will still continue to serve them through some of the many institutional partners we provide forex services for and of course we look forward to even more growth of our business all around the world! Currently, TD Waterhouse offers forex trading through its thinkorswim platform.
GFT has made the difficult business decision to cease supporting U. As part of this decision, all U. We understand that this is an inconvenience for you, so we are working to make arrangements with one of our high quality institutional partners to accept the GFT U.
We expect that your forex account will return to its normal status soon so that you can continue trading forex markets normally.
Please note that your forex trading experience will remain the same after this transition. Account holders will receive additional communications from GFT in the future to continue to provide more information to you about this transition. Again, we apologize for the inconvenience this may have caused you this evening, but we believe this is the best course of action for both you, our customer, and GFT.
Account holders who wish to access funds in their accounts can do so here. Somebody is really trying to make this pig pretty it sounds like! Losing positions appear out of nowhere. Of course, the losers far larger than the winners. How can I prove that I haven't open that positions? I've moved my account to another broker, but I'd really like to see GFT going down.
GFT's platform freezes up - especially when I want to close a profit. Hung application, run time error, external I don't know what GFT disabled my auto trading system - and it happens only to my profitable account. They claim it might be technical issue and requested the logs.
However their trading platform does not store any logs of GFT's dealing desk actions. Customer service was not good at all. LOTS of slippage, even during slow times. Spreads increased, even during non vol times.
It took 2 weeks to get the money wired, they kept saying it was due to trades needing to "settle". I have caught the support people in lies often and finally withdrew my money. Stay away from GFT Forex. Do your homework and select a broker with a good rep. My overall trades with them have just been unprofitable. This is, on most parts due to my orders not getting filled for some reason. This is especially applicable when it comes to their direct deals.
Since then, all my orders were dealt with directly through a human personnel instead of through their direct automated dealing desk. This was not a solution either because by the time someone actually got down to looking at my orders, the market had changed so I still continued to get requoted. Yes, you read well: Not even the simple average! The demo account expires in 30 days and there is no way to renew it!
It is not written anywhere in their website But after 30 days you just get an alert: So, even if their platform, Dealbook , is a very good piece of software I definitely do NOT recommend this broker! I have been with GFT for about a year and a half now. Most of that time has been unprofitable. In the last 3 months or so i have found a pair and a system that has started to be profitable.
First GFT started to not fill my orders using their direct deal. From then on every order went through a human to get filled instead of their automated dealing desk.
By the time a human looked at my order the market moved away from it so I continually get requotes. I changed my style to get in and out of positions using stop and limit orders. It slowed me down a little but still was profitable.
After that did not slow me down they changed the spread from an average of 12 or 13 to more than 20 to 25 at times, including in the middle of the day. I complained but lived with it because i like the charting package. The last straw was tonight. The market hit the price, but GFT rejected the order saying that the market had moved to fast and that the markets spread had moved to over 50 and theres was 20 and they could not and would not fill my order.
I believe this company takes the opposite side of your trade so they have a financial intersest in you loosing money. But if you are consistently making profit, they do everything to slow you down. I would like to know if by not filling limit orders is that legal. Did steal 5 figure account, totally.
The spikes were way out of line. They no connect ten time a day. In other matters the service said its your ruter. They know no shame as a crook would not. I'm afraid other co's are the same. I liquidate my position and it displays a profit or loss. The settlement date is 2 days from the date I liquidate.
GFT claims I am liable for any loss they incur from the time I liquidate my position to the settlement day. GFT uses a trading desk so my orders do not reach the Interbank. My profit or loss shows immediately. GFT Charged me for pip movement between the time I liquidated and the date set for settlement by the Interbank seems most unfair. GFT took money out of my account without notification to cover their loss because they chose to take advantage of the two day float.
I have been trading forex for approx. Everything is ok and i understood the below complaint but it is sometimes good for trade sometimes bad because of currencies adjustments to based account currencies. It is not a scam!! As a matter of fact it proves that how reliable broker Gft is. Everything is due the market condition calculated, not fictive execution. Excellent broker, very reliable, after i experienced refco scam gft gave me back reliability to forex businnes.
Thanks all GFT employees. They have one of the best customer service around. However, I do find their platform a little rigid for me. In my opinion, they are still not the very best around in the market. I think overall they are pretty good, but I still prefer not to let them know what I am doing, no broker is THAT honest, hence the 9 instead of Withdrawals and deposits have been swift and easy, no questions asked. Have been trading with GFT for a few months now. Support team at GFT is second to none, my account manager has spent well over 5 hrs with me explaining various concepts.
Big fan of Kathy and Boris and is very impressed with their new FX portal which has technical trade recommendations. The platform still needs a few tweeks here and there but apart from that I am very happy with the service.
Forex trading carries a high level of risk and may not be suitable for all investors. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. All information on ForexBrokerz. We do not present any guarantees for the accuracy and reliability of this information.
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Trading straight from the charts is possible. The broker offers a few analysis tools: Autochartist helps you identify chart patterns fast and easy; Foresight-A. GFT has thought of the beginners as well — for them, there are webinars, free trading guides and video tutorials. Traders looking to diversify their portfolios can also try the broker's binary options offering. Top Forex brokers More details. GFT Forex have excellent customer support I started trading with GFT back in I really like their educational materials and charting but then I had to stop and take care of a sick child.
Fair spreads, especially if you trade majors I have been a customer of GFT Forex for about two years now and I keep trading with them because they are a very convenient broker. Slippage, slow execution and awful platform This is my personal experiences with GFT. GFT advertise as low as 1 pip spread Losing positions appear on my GFT account out of nowhere GFT does not hesitate to take advantage of the fact that they hold our money and store all the trading logs.
GFT spread widens during calm market, slippage occurs Customer service was not good at all. You can't use indicators on a mini account with GFT! GFT platform disconnects ten times a day Did steal 5 figure account, totally.
GFT claims I am liable for any loss till the settlement day 1. GFT platform a little rigid, but they are still the best They have one of the best customer service around.
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