GFTForexGlobal Forex Trading

Tom, FPA, 09/06/2009 ,

Hello
I have account with GFT Global Makets
on Aug 7 they canceled my profitable trade for 11.375.00 GBP
I contacted them several times
they told me that I was cheating and they not going to pay my mo

Seeking FX, Goforex.net, 08/15/2009 ,

Have been trading with GFT for a few months now. Best platform I have used, big fan of the free SMS alerts as I am a break out trader and can even put SMS alerts on trendlines. 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.

Alex, Goforex.net, 08/15/2009 ,

I trade a mini account with GFT, so far for 6 months and I am staying in profit, I think I was stop hunted on one occasion, which was easily solved, I now use an alarm and/or stay glued to the screen when in a trade. 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 10. Withdrawals and deposits have been swift and easy, no questions asked.

Max, FPA, 08/15/2009 ,

In this company always only manual execution! Time of execution of the transaction a minimum of 15-20 seconds.... ALWAYS... In any market! They do not offer transaction execution by one pressing of the button! It is the DECEIT!!!
In any fast market - REQUOTES!!! ALWAYS! They look where there is a price, if against you, then they will execute the transaction if the price goes to your party then they place your Limit the order and it will never be executed.
Their support does the big errors in servicing.... GFT the awful broker!

Grenton, Goforex.net, 08/15/2009 ,

They have one of the best customer service around. 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.

Fatih, FPA, 08/15/2009 ,

I have been trading with gftuk for 1.5 years. Till 1 month ago there were no big problem.But almost 1 month ago whole my market orders started to go first to dealing desk , wait there in red line 15-20 second minimum.And then if market is still in same price than executed.Even when non-volatile very slowly market, execution takes 15-20 seconds.I wonder is there anyone outthere face that kind of problem or do they make this execution stil just for me?

No Good, Goforex.net, 08/15/2009 ,

Customer service was not good at all. LOTS of slippage, even during slow times. Spreads increased, even during non vol times.
I actually made money with them, started with a $10,000 acct. 4 months later, withdrew 26,000. 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.

Segun Elusakin, FPA, 08/15/2009 ,

If apart from the settlement of trades, nobody has a complaint.
GFT Forex is tight and great to trade with, regulations in 4 countries is an added advantage.

MaXeY, Forexpeacearmy.com, 08/15/2009 ,

When you start Making profit GFT move your account to Manual Execution, so its very hard to make profit again

Alex Findlay, Earnforex.com, 08/15/2009 ,

1. I liquidate my position and it displays a profit or loss.
2. The settlement date is 2 days from the date I liquidate.
3. GFT claims I am liable for any loss they incur from the time I liquidate my position to the settlement day.
4. GFT uses a trading desk so my orders do not reach the Interbank. My profit or loss shows immediately.
5. GFT Charged me for pip movement between the time I liquidated and the date set for settlement by the Interbank seems most unfair.
6 I pay GFT in advance and GFT takes my money on the spot therefore the settlement day should not affect my transaction.
7. GFT took money out of my account without notification to cover their loss because they chose to take advantage of the two day float.

Jose, Goforex.net, 08/15/2009 ,

Did steal 5 figure account, totally. They seen the acct balance and the number of contracts & ran the mkt up/dwn twice to get it all. The spikes were way out of line. They no connect ten time a day. In other matters the service said its your puter. No as We had two puters side by side, both new and one went one way & the other went the other way??? With two puters you can see a lot of s$hhiitt happen against your account. They are bull Shippers, you tell them they are bull shippers & they still stick with their original story which you have just proved to be wrong??? They know no shame as a crook would not. I'm afraid other co's are the same.

Cris Eccles, 08/15/2009 ,

I have been with GFT for about a year and a half now. Most of that time has been unprofitable. In the last 3 months or so i have found a pair and a system that has started to be profitable. First GFT started to not fill my orders using their direct deal. My requotes went to about 90% of my orders. From then on every order went through a human to get filled instead of their automated dealing desk. By the time a human looked at my order the market moved away from it so I continually get requotes. I changed my style to get in and out of positions using stop and limit orders. It slowed me down a little but still was profitable. After that did not slow me down they changed the spread from an average of 12 or 13 to more than 20 to 25 at times, including in the middle of the day. I complained but lived with it because i like the charting package. The last straw was tonight. I was in a position and had a limit order to get out 2/3s of my position. The market hit the price, but GFT rejected the order saying that the market had moved to fast and that the markets spread had moved to over 50 and theres was 20 and they could not and would not fill my order. I believe this company takes the opposite side of your trade so they have a financial intersest in you loosing money. But if you are consistently making profit, they do everything to slow you down. I would like to know if by not filling limit orders is that legal.

Matteo, Earnforex.com, 08/15/2009 ,

250 $ is the mini account, but with a mini account you cannot use indicators!
Yes, you read well: no indicators at all!! Not even the simple average!
To use indicators you need at least a 2500$ account.
The demo account expires in 30 days and there is no way to renew it!
It is not written anywhere in their website... But after 30 days you just get an alert: "Demo account expired, open a real one to continue".
So, even if their platform, Dealbook 360, is a very good piece of software I definitely do NOT recommend this broker!

Myforextraining.com, 08/15/2009 ,

My overall trades with them have just been unprofitable. This is, on most parts due to my orders not getting filled for some reason. This is especially applicable when it comes to their direct deals. I experienced a average 85% requote on my orders and that is quite frustrating as you can imagine. Since then, all my orders were dealt with directly through a human personnel instead of through their direct automated dealing desk. This was not a solution either because by the time someone actually got down to looking at my orders, the market had changed so I still continued to get requoted.

Fethullah, Goforex.net, 08/15/2009 ,

I have been trading forex for approx. 9 years, seen many brokers, i have an account with GFTuk for 7 months.Everything is ok and i understood the below complaint but it is sometimes good for trade sometimes bad because of currencies adjustments to based account currencies.?t is not a scam!!As a matter of fact it proves that how reliable broker Gft is.Everything is due the market condition calculated, not fictive execution.Excellent broker, very reliable, after i experienced refco scam gft gave me back reliability to forex businnes.Thanks all GFT employees.