GFT Forex Broker Review

 

Account Types	DealBook®: min 200 USD, Bronze: min 2,500 USD, Silver: min 10,000 USD, Gold: min 50,000 USD, Platinum: min 250,000 USD
Regulated By	FSA (Japan), NFA, CFTC, DGCX, DMCC, ASIC, FSA (UK), MAS
Leverage	50:1
Mobile Trading	Yes
Hedging Facilities	No
FIFO Rules	Rules applied
Scalping allowed	Yes
Swap free accounts	Yes
PAMM	Yes
Payment Methods	Credit Card, PayPal, Wire Transfer, Online Check, Debit Card, Check
Demo Size	$50,000
Demo Duration	Varies
Platforms	Metatrader 4, DealBook® WEB, DealBook® Mobile, DealBook® 360

GFT is a forex brokerage firm that’s located in the United States of America. Situating a brokerage firm in the US does not signify a huge selling point, as a brokerage firm in the US stands to endure some of strictest regulatory rules. Global Forex Trading or GFT was formed in 1997, and is among a few of the first brokerages to offer its services to retail investors. The firm has since been able to expand and carter for the needs of its varying customers in over 120 countries.

GFT prides itself with three offices in the United States, its main headquarters in Michigan, two other branches in New York and Chicago. With a firm global appeal, GFT offices are situated in other cities across the globe such as Dubai, London, Singapore, Tokyo and Sydney.

The brokerage firm GFT holds a good number of certifications and is licensed in every country it holds presence. Clients, who are seeking for a forex broker with all the necessary ingredients as pertaining regulatory licensing, can always settle for GFT, which is licensed with: The Monetary Authority of Singapore (MAS), The Dubai Gold & Commodities Exchange (DGCX), The Australian Securities and Investments Commission (ASIC), The Dubai Multi Commodities Centre (DMCC), The Commodities Futures Trading Commission (CFTC) as a Futures Commission Merchant (FCM), The National Futures Association (NFA) in the United States, The Financial Services Agency (FSA) in Japan.

GFT offers its clients a clean suite of trading software solutions, this allows investors of varied pro levels get what is best suited for them. You can be rest assured that whatever trading platform you decide on using, GFT’s trading software solutions offers a robust way to trade the market. Desktop users can stay on the desktop-based Dealbook 360, if you’re a mobile based enthusiast, then the Dealbook Mobile is the right way to go, as it offers a complete trading experience for clients who are on the go. Having said this, there’s also the Dealbook WEB that’s integrated into your web browser, allowing trade on GFT’s platform without having to install an application on your computer. GFT trading suite offers a user-friendly and an intuitive foreign exchange trading platform. Beyond this, investors stand to gain from its one-click trading, streamlined ordering, free forex trading news updates, numerous charting tools and a host of other amazing features that’s seen on GFT’s software offerings.

Advantages of GFT Forex Broker

1. There are no restrictions placed on hedging, trailing stop, pending orders, one-click trading, mobile trading and automated trading.

2. It is a duly regulated forex broker that offers a safe investment ground.

Disadvantages of GFT Forex Broker

1. There’s limited deposit/withdrawal options on GFT (Check, Credit/debit cards, PayPal and Wire transfer).

Conclusion

Opening an account with this broker requires at least $2,500 as minimum deposit. This would get you a bronze level account, which you stand to upgrade to silver level, to gold level and platinum level which stands as the highest account level.

One very good thing about this broker is that you’ll always find good forex spreads. GFT offers some of the most attractive platforms in the industry, offices in major cities around the world, competitive spreads and has gradually turned into the natural choice for most traders of all levels.

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