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GFT Forex Review

GFT Forex offers traders a very high level of service. It is intended for professional traders who demand very high standards. GFT's DealBook 360 platform is very rich in features. It offers traders many different order types which are not available in lesser platforms, such as "one cancels other" (OCO), which allows traders to place several different resting orders, which are canceled when one is executed.

Many unique order types are also available that allow traders to exercise a very high level of control of their portfolios. The Inter Trader eXchange (ITX) allows traders to broadcast bid and offer levels that they are willing to deal at to all other users logged into the system. This can often result in traders being able to get their orders filled at a better price, or "inside the spread", as they may be able to find better dealable prices from other traders than from a primary market maker. Access to detailed reporting features is also available, as are more than 120 currency pairs to choose from. The only downsides to GFT Forex are that DealBook 360, while extremely powerful, is a little clunky and difficult to learn, and that standard lots (100,000 units) are the minimum deal sizes, requiring traders to be very well capitalised in order to apply proper money management rules.

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Subjective Ratings

Charting: Four star Charting Rating
Execution: Four and Half star Execution Rating
User-friendliness: Three star User-friendliness Rating
Customer support: Four star Customer Support Rating
Transaction costs (spreads): Four and Half star Transaction Costs (spreads) Rating
Rollover interest rates: Three and Half star Rollover interest rates Rating
Withdrawal processing: Four and Half star Withdrawal processing Rating
Platform Functionality: Five star Platform Functionality Rating
Platform Reliability: Four star Platform Reliability Rating
Average rating: Four and Half star Average Rating

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Business Details

Broker Headquarters: Michigan, USA
Regulated By: NFA Member (0279553)
FCM registered with CFTC
Client Account Segregation:
Collect Taxes on Earnings:
Accept US traders?:
Main liquidity providers: Unknown
Broker Capital as of 11-2008 $73,808,315
Also has offices in: Sydney, Dubai, Tokyo, London, Singapore, New York, Chicago
Registered Business Name: Global Futures & Forex Ltd
In business since year:
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Not loaded

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Trading Conditions

Browser platform: DealBookŪ WEB
Downloadable platform: DealBookŪ 360
Mobile platform: DealBookŪ WEB
Phone dealing: Yes
No Dealing Desk Execution: Yes
Fixed spreads: No
Guaranteed stop losses?
Hedging capability:
Trading Hours:
Timezone
Scalping allowed:
Account currencies available: EUR, JPY, USD
Platform languages: Arabic, Dutch, English, French, German, Hebrew, Hungarian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Simplified Chinese, Spanish, Traditional Chinese
Support languages: Arabic, Bengali, Cantonese, English, French, Greek, Gujarati, Hindi, Japanese, Kannada, Korean, Mandarin, Punjabi, Russian, Spanish, Turkish
Demo account: 30 days
Live chat support: Yes
Promotions & tournaments:
Swap-free accounts  No swap-free accounts available
Typical spread on EUR/USD:
Order processing: Straight-through
OCO orders available: Yes
Trailing Stops: Client-side
If/then orders available: Yes
Account Types
Account Maximum
Leverage
Minimum/Maximum
deposit:
Minimum/Maximum
trade size:
Notes
Not loaded
Tradeable Instruments: 125   
Automated Trading: No
Depth of market view (Liquidity): Yes
Interest on Margin: No
Pending Orders Away from Market:

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* The high degree of leverage available in foreign exchange trading can work against you as well as for you. Investors should ensure they are fully aware of the benefits and risks before putting any money on the line.

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