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GFT Forex Review

Posted By Marcus Holland On Monday, April 22nd, 2013 With 0 Comments

Introduction

GFT Forex is an ECN broker and a market maker that commenced operations in 1997 with the aim of offering knowledge, value, services and software for an enriched trading experience. Based in the US, GFT Forex is a Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC), and a member of the National Futures Association (NFA), both in the United States. It is registered with the Australian Securities and Investments Commission (ASIC), the Monetary Authority of Singapore (MAS), and the Financial Conduct Authority (FCA) in the United Kingdom.

Asset Index

The asset index available for trading on GFT Forex is given below:

CURRENCY PAIR Spread as low as
AUD/CAD 0.1
AUD/CHF 0.1
AUD/CZK 12
AUD/DKK 8
AUD/HKD 11
AUD/JPY 0.1
AUD/NOK 20
AUD/NZD 0.1
AUD/PLN 14
AUD/SEK 20
AUD/SGD 0.1
AUD/THB 2
AUD/USD 0.1
AUD/ZAR 40
CAD/CHF 0.1
CAD/DKK 8
CAD/HKD 8
CAD/JPY 0.1
CAD/NOK 20
CAD/PLN 14
CAD/SEK 25
CAD/SGD 4
CAD/CZK 19
CHF/DKK 8
CHF/HKD 7
CHF/HUF 2
CHF/JPY 0.1
CHF/NOK 25
CHF/PLN 17
CHF/SEK 25
CHF/SGD 4
CHF/TRY 3
CHF/ZAR 35
CNH/JPY 3.1
CZK/HUF 130
CZK/JPY 30
DKK/CZK 2
DKK/HUF 2
DKK/JPY 20
DKK/PLN 20
DKK/SEK 4.5
DKK/SGD 2
DKK/THB 2
DKK/ZAR 50
EUR/AUD 0.1
EUR/CAD 0.1
EUR/CHF 0.1
EUR/CZK 20
EUR/DKK 2
EUR/GBP 0.1
EUR/HKD 3
EUR/HUF 2
EUR/JPY 0.1
EUR/MXN 40
EUR/NOK 15
EUR/NZD 0.1
EUR/PLN 15
EUR/RON 20
EUR/RUB 2
EUR/SEK 22
EUR/SGD 1.5
EUR/THB 2
EUR/TRY 4
EUR/USD 0.1
EUR/ZAR 45
GBP/AUD 0.1
GBP/CAD 0.1
GBP/CHF 0.1
GBP/CZK 18
GBP/DKK 15
GBP/HKD 15
GBP/HUF 21
GBP/JPY 0.1
GBP/NOK 30
GBP/NZD 0.1
GBP/SEK 35
GBP/SGD 0.5
GBP/THB 4
GBP/TRY 6
GBP/USD 0.1
GBP/ZAR 70
HKD/JPY 5.4
MXN/JPY 20
NOK/DKK 3
NOK/JPY 40
NOK/SEK 4
NZD/CAD 0.1
NZD/CHF 0.1
NZD/CZK 10
NZD/DKK 9
NZD/HKD 15
NZD/HUF 11
NZD/JPY 0.1
NZD/PLN 12
NZD/SEK 15
NZD/SGD 3.2
NZD/THB 5
NZD/USD 0.1
NZD/ZAR 30
PLN/CZK 40
PLN/HUF 40
PLN/JPY 120
SEK/JPY 30
SEK/PLN 25
SGD/HKD 6
SGD/JPY 0.1
THB/JPY 20
TRY/JPY 200
USD/AED 5
USD/CAD 0.1
USD/CHF 0.1
USD/CNH 0.8
USD/CZK 6.2
USD/DKK 2
USD/HKD 2
USD/HUF 2
USD/ILS 16
USD/JPY 0.1
USD/MXN 0.1
USD/NOK 2
USD/PLN 2
USD/RON 16
USD/RUB 2
USD/SAR 5
USD/SEK 7.1
USD/SGD 0.1
USD/THB 2
USD/TRY 2
USD/ZAR 2
ZAR/JPY 20

 

Trading Platforms

The platform solutions that are available for use by customers on GFT Forex are listed below:

DealBook 360: This is GFT Forex most comprehensive trading platform that meets the needs of the newbie and the experienced trader. It features over 85 technical indicators, 8 chart types and a range of timeframes. It allows for the organization of the trading space through its custom layout, and also, for the effective management of multiple forex accounts.

DealBook Web: This platform enables clients to access their accounts safely and securely through any computer system that is connected to the internet. It enables users to utilize chart types, indicators and news feeds to forecast market trends, it gives access to real-time news, it requires no downloads.

DealBook Mobile: GFT Forex gives its clients the opportunity of trading on the go with its mobile trading platform – the DealBook Mobile. With the DealBook Mobile, users of mobile devices such as Kindle Fire, Androids, iPads, and iPhones can now access their trading accounts, trade over 120 currency pairs, create price alarms, and add indicators among other functions. DealBook Mobile can be to these devices from either Google play, or App Store.

MetaTrader4: GFT Forex combines its exceptional pricing and outstanding execution with the intuitive interface of the MetaTrader4 platform. It features autochartist tools, ability to undock charts and create multi-monitor configurations, trading history dashboard among others. It is available for use on iPhones, iPads, and Androids.

Deposits and Withdrawals

Deposits and withdrawals can be made on GFT Forex through

a)      Bank Wire

b)      Check

c)      Debit/Credit Card

d)      eCheck

e)      PayPal.

Minimum Deposit

The minimum deposit amount allowed on GFT Forex is 250 USD for a mini account, and 2,500 USD for a standard account.

Maximum Deposit

There is no maximum deposit.

Minimum Trade Size/Amount

The minimum lot size is 0.1lot.

Maximum Trade Size/Amount

There is no maximum lot size.

Minimum Withdrawal Limit

There are no minimum withdrawal limits.

Maximum Withdrawal Limit

There is no maximum withdrawal limit.

Conditions for Deposit and Withdrawals

There are no given conditions for withdrawal or deposit.

Customer Support

Customer Support on GFT Forex can be reached via the following means:

a)         Phone: North America – 877.465.0787

International – 616.974.3670

b)         Live Text Chat

c)         Online Contact Form.

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