GFT Forex

Added on June 28, 2013 08:29 AM
(3 / 5)
Spread: 1.0 Min. lot: 0.1 Execution: Market Maker
Leverage: 1:400 Country: United States Regulated by: NFA,CFTC,FSA
Min. deposit: $200 Platforms: MetaTrader, DeltaBook Payment methods: Bank Wire, Credit card, PayPal, Check, eCheck
Headquarters: 4760 East Fulton Road, Suite 201, Ada, MI 49301 USA
Bonus: 5%

GFT Forex, also called global Forex trading, is a broker that is recognized for its best customer service. Established in 1997, the company is headquartered in USA and is serving traders in about 120 countries. Integrity being its core value, GFT Forex offers secure and reliable trading platform. It is working with the aim of making the markets more accessible to traders in terms of services, knowledge, and value.

Recently the company has undergone merger with Gain Capital Group LLC. that is a worldwide provider of online trading services. The merger took place on 25th April, 2013. Forex.com is the retail brand of Gain Capital through which it makes financial markets accessible to traders. It allows traders to trade Forex, CFDs and metals.

The decision to merge is backed by the reason to create synergy in terms of innovation, technology and customer service. The combination of these two trading giants will result in better service and customer support.

Being a GFT customer, you will be able to access your account, trading platform and tools in the same way as you do before the merger.

Trading software

As per trading style and trader’s preference, GFT Forex offers 4 different types of award winning trading software.

  • DealBook® 360
  • DealBook® WEB
  • iPhone®
  • MetaTrader4

All these software are feature rich and delivers best performance.

  • DealBook 360

This is downloadable trading software that can be used by both new and advanced traders in the same way. The software is fully customizable allowing you to organize your trading space in the way you want. It features variety of charting tools and indicators. There are 8 chart types, 85 technical indicators and a variety of time frames to help you identify and analyze trends. You can also download its user manual from GFT website so that you may not face any difficulty in using the software.

  • DealBook Web

DealBook web is a web based version of the trading software. It frees you from the hassle of downloading and installing the software. With a login and password, you can access it directly from any browser (Internet Explorer 8, 9; Firefox 10+*; Safari 5*; Google Chrome*; Opera 10+*; Internet Explorer 7*) via internet connection.

It helps you to trade fast by giving access to the necessary tools you require for placing the trade. It features 40 technical indicators, 7 time frames and market data to help you trade fast. It offers two views i.e. Dashboard view and Quoteboard view. You can trade through any of them as per your preference.

  • New DealBook® for Kindle Fire

This software is especially designed for your kindle device. It allows you to place trade conveniently on your kindle device. It gives you access to technical indicators and charting options for placing easy traders. It also allows you set your own SMS and e-mail price alerts. You can also use it on other internet enabled devices such as iPhone, iPad and Android devices.

  • MetaTrader 4

This is the most advanced trading platform offered by GFT Forex. It features the most important and innovative tools that empower you to trade successfully. Open a GFT account on MetaTrader 4 and you will be able to trade in the best way.

Account Types

You can open following four types of accounts with GFT Forex. Each account differs from the others in terms of minimum deposit required.

  • Bronze: Minimum account size = $2500
  • Silver: Minimum account size = $10,000
  • Gold: Minimum account size = $50,000
  • Platinum: Minimum account size = $250,000

You can also open a demo account to practice your trading skills and gain confidence before you start real trading.

Assets list

GFT Forex allows you to trade about 120 currency pairs and that too at the most competitive rate. Following are the base currencies that are available for trading.

  • Australian dollar
  • Canadian dollar
  • Euro
  • Great Britain pound
  • Japanese yen
  • Polish zloty
  • Swiss franc
  • United States dollar

Reseller Programs

GFT Forex offers trading organizations to serve their customer with its services. It offers following incentives to the parties who are interested in selling GFT’s services to their customers.

  • Competitive compensation plan

  • Free, award-winning DealBook® software

  • Free back-office program (BOP)

  • Access to GFT’s other products and services

  • Consistent market leadership and growth

Security

Trading through GFT Forex is completely safe as the website is secured with reliable security bodies such as VeriSign and thawte.

Learning Centre

GFT Forex also offers various free training to tools as guidance for new traders and a source of skill enhancement for experienced traders. GFT Forex also offers online communities in the form of blog and where you can stay updated with GFT latest news, Forex analysis, forecasts, Tips, commentaries and tutorials. Similarly, Forex 360 is another online community offered by GFT Forex that offers commentaries, market news alerts and analysis of effects of latest economic events on Forex trading.

Customer Service

As mentioned earlier, GFT Forex enjoys good reputation because of the highest level of customer service it offers to the clients.  Both new and experienced traders are treated equally with prompt answers to their queries. Customer support is available 24/7 with the facility of live chat. There is a comprehensive FAQs and help section where customers can get prompt answers to the common queries. For any particular concern, you can always contact via live chat, email or phone.

You can also join GFT Forex on Facebook, twitter and YouTube, from where you may also request any kind of support. To stay updated, follow GFT Forex on twitter at @gftmarkets.

Conclusion

Overall, GFT Forex is a good broker that offers traders all the tools necessary for placing a trade. However, its website is not as comprehensive as it should be. It lacks information or has important information hidden under the tabs.  Even though, GFT Forex serves traders in 120 countries, but its website is accessible only in English language and lacks user-friendly elements.

Tags:
NFA, CFTC, MT4

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