|Name of the Broker||GFT Forex | Global Forex Trading||-|
|Demo account link||Demo Account||-|
|Live account link||Live Account||-|
|Safety of funds||7||-|
|Software ease of use||7||-|
|Tools and resources||6||-|
|Timeliness of application||6||-|
|Minimum account size||250||-|
|Application processing time||1 day||-|
|News and Charts|
|Free charts with broker feed||-|
|Premium charts w/feed||-|
|Trading off charts||-|
|Applications and Usability|
|Web based application||-|
|Training video available||-|
|Usability of software (1=poor, 5=very good)||-|
|Courses and Webinars|
|Free training signals||-|
|Help and Support|
|Phone Support||616 956 9273||-|
|Live Chat||Live Chat||-|
|Email support||Email Support||-|
|Other (by whom)||Australian Financial Services - License number 226625||-|
|Segregated account available||-|
|Segregated account standard||-|
|Client funds held separate from operating funds||-|
|Balance sheet available||-|
|NFA member page||-|
GFT is one of the oldest forex companies, starting in 1997 in the U.S. and has built a large base of customers in more than 120 countries. Headquarted in Ada, Michigan, GFT has offices around the New York, Chicago, London, Dubai, Tokyo, Singapore, Sydney. They have over 120+ currency pairs with spreads as low as 1 pip wide on major pairs like the EUR/USD and USD/JPY. They provide transparent rollover, allowing traders to see this information in the conversion activity detail of the statements section on their trading platform.
GFT offers both standard and mini trading accounts with a $2500 and $250 minimum, respectively and allow up to 400:1 leverage. GFT also allows clients to trade up to $20 million per trade. Dealing hours for GFT run from Sunday at 5pm ET to Friday at 5pm ET with 24/7 customer support.
Clients can fund via credit card, eCheck, bank wire, papercheck and Paypal. There are fees associated with depositing funds via Paypal. GFT clients can withdraw funds via bank wire, paper check or credit card.
GFT has received numerous awards for growth, technology and entrepreneurship.
GFT delivers software trading solutions, market education and execution services built for capitalizing on market movements, including foreign exchange rates. GFT caters to all levels of traders worldwide, and is regulated on four continents. The company’s financial backing is private with no outside investors and it positions itself as adhering to the highest levels of customer service and integrity in the online trading industry.
GFT’s DealBook® 360 trading software was one of the pioneering programs for financial market trading that complements its 24-hour trading and service operations. In fact, DealBook® 360 has won awards for eight years in row, and spurred GFT to build web-based and mobile versions of its trading software.
All of the GFT platforms offer a multi-derivative trading package for traders, including currencies, futures, spread betting (UK only) and CFD (outside of the U.S.). Traders can rely on its execution services, analysis tools and advanced charting package, all free of chart to customers.
GFT also offers exclusive commentary from the most respected analysts in the forex industry. Kathy Lien and Boris Scholossberg at FX360.com deliver forex commentary, currency news and fx trade alerts twice daily, in addition to many other features that are exclusive to GFT customers.
In addition to the DealBook®, GFT provides innovative forex products and services for traders of any experience or skill level. With 120+ currencies for forex trading, GFT’s award-winning DealBook® 360 trading platform offers traders powerful charting capabilities and over 100 trading tools and indicators. As a worldwide leader in online trading, GFT has been offering online trading execution, trading software, charting, analysis and education for more than a decade. Discover your true trading potential with GFT and DealBook® 360.
Premium tools provided include the Autochartist™, Dynamic Trend Profile, DiNapoli D-Levels™, Foresight-A.I.™, FX Mentor™ , and FX Mentor™ Alerts.
GFT is committed to helping traders become the best traders they can be, offering a number of free seminars, webinars and other tools, as well as personalized demos of GFT software and services. Managed forex accounts are also available. In addition to the exclusive commentary from Kathy Lien and Boris Scholossberg at FX360.com, Kathy and Boris regularly speak at numerous tradeshows around the world.
GFT has highly competitive spreads that begin as low as one-pip for major pairs, including the EUR/USD, EUR/GBP, USD/JPY and EUR/CHF. Spreads may change based on volatility and market liquidity..
GFT is a registered Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) and a member of the National Futures Association (NFA) in the United States. NFA ID: 0279553. More details can be found at http://www.nfa.futures.org/basicnet/Details.aspx?entityid=0279553.
Globally, GFT is are regulated by the FSA in Japan, ASIC in Australia, MAS in Singapore, the Dubai Gold & Commodities Exchange (DGCX), Dubai Multi Commodities Centre (DMCC) as well as FSA in the United Kingdom.