More Featured Forex Brokers Open a free demo or live account with a featured forex broker. More AutoTrading Copy the trades of expert traders automatically on your own account. They will tell you that bc their MT4 platform is powered by a 3rd party BT , your plat will need to sync with their records from time to time. Each time your account gets sync you may lose or gain a few cents, untill they hit you with the big one and then tell you your records are wrong and their are right, but i bet you will not even recondnize half the trades on their records.
I witnessed my client's trade being closed by GFT intentionally. He called the dealing desk so that the can help me hedge the trade so that he can add funds on his account to sustain the trades which they did but after it was hedged the same guys closed immediately. We called the dealing desk but unfortunately these guys were rude claiming that we had issued a market order immediately.
But how would the same client issue an order to close the positions when his intesion was to hedge? I spoke to "Mark" -head of the dealing desk. He was so protective of his team,in a rude way he slamed the phone in my ears.. These guys never called my client upto now -they claimed that my issue would be investigated with 2 days The worst with this broker he does not give clear explanations about his system. When you chart with his customer service its like they just from college..
Friends i thought if a client makes money the broker should be happy!!! To make things worse they have a complex system. If to compare it with other systems-its complex,really complex..
I think there must be guys behind who enter opposite trades whenever you are trading!!! These guys are liars and frauds. I even heard one guy laughing in the background. They will steal your money and if you didn't place a trade, they will get you with inactivity fees! This is one of the worst Forex brokers I have ever dealt with!
Not to mention, their platform is horrible and crashes as soon as you place a trade! Someone should report these people! If you want all of your money taken from you, then open an account with them. How many times did I send documents that I had to send again? No follow up to tell me that they needed more documentation. Front and back office not communicating to each other. Their platform froze up a few times as well. I would receommend a different broker, in terms of client services and the platform itself.
We have parted company forever. Great Charting package one of the best on the market right now Cons: I first opened the account they forgot to deposit money that I was entillted to Second, I had some bugs with their sofware No hedging eventhough it's a gft UK.
Their Rollover system is very strange Basically, you are in profit and at rollover i. Don't understand it well but basically my position showed me a loss even though it was a profitable trade.
Try it in demo and you will see.. Their software had a lot of time out. Would not recommend them. My acc mgr gets back to mer usually within the hour for questions on using the platform which has been great. DealBook allows me to chart any instrument in pretty much anyway I choose. Dealing direct from the charts has been a huge advantage. The spreads are average But at the end of the day if you are worried about 1 pip on your strategy then you probably have a duff strategy in my opinion.
Spped and accuracy of fill is far more imnportant than the tightness of the spread. Only had no slippage ever on over trades except 1 on the back of some news release. The system will often disconnected or running slow when I am in winning position. Make sure you check your statement all the time. Today 18 december , 6 hours ago, I transfer at the rate 0. I called them, they said they will fixed it.
Lesson for today, dont ever trust your dealer, always check your statement on every transaction. I am new to forex trading, just trading a few weeks. I will point out both the pros and the cons of my experience with GFT. Very powerful platform to trade and excellent customer service. It takes a little while to get accustomed to their platform, for me it took a good week to get comfortable with it and figure out how to configure my settings.
Also bid ask spread. I read a lot of reviews on many brokers about stop hunting or imaginary price spikes. I haven't seen any of that in GFT after about 20 trades. The data feed has been accurate, connection fast and no fancy broker tricks that I could see. For me it is basically a trade off. I assume I might pay like 1pip extra both on buy and sell side, but I don't mind that as long as there are no issues with the trades and the platform is powerful and customer service is answering my questions to my satisfaction.
My one advice to newbies would be to make extensive use of the demo account. I did find out that forex is very volative and with the kind of leverage they provide it can wipe out your account within a few hours unless you know what your strategy is. Happy trading forex my friends. Don't believe, give them a try at your expense!!! I did have a couple of bugs with the platform at the start, but the tech team sorted them out without too much fuss and I have not had a single problem for about six months straight.
I almost didn't bother with GFT because their software isn't as easy to pickup as some, but, what I discovered is that as I've become more experienced I've realised that I NEED a platform as sophisticated as this one- I could never go back to what I was using before. Great service and support- especially for the newbies, great platform, spreads are good- execution is very good, and they gave me a paper-trading account that I can always use to test differnt strategies - very useful.
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. 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.
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. Support always says, well, you are the first person that has happened to - the canned expression I hear from most all their support personnel. Connectivity issues with their platform on a continual basis. Stay away from these people. 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. The spikes were way out of line. They no connect ten time a day. In other matters the service said its your puter. They know no shame as a crook would not. I'm afraid other co's are the same. No rating How amusing! Some very newbie reviews here. Back to the books kiddies Do not throw your money away. I promise you will lose. I needed to talk to a service rep.
So when I told him I just wanted to go for the educational experience and that I was planning on using another broker he said "this is an insult to me" and started trying to berate me. Is this good public relations? I would stay away from these sleeze bags at all cost.More...