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GFT Forex tries to mislead you.
I'm running live and demo account with GFT side by side.
I placed a sell stop @1.4357 on both accounts.
The GFT Demo filled the sell order @1.4357, without slippage.
The GFT Live filled the sell order @1.4353, with 4 pips slippage.
I tried to close the live position @1.4349 but my market order was executed @1.4351. So I took only 2 pips profit instead of 8 pips because of the slippage. 6 pips transaction cost!?
GFT advertise "as low as 1 pip spread", however actual transaction costs are far higher.
Headquarters: 4760 East Fulton Road, Suite 201, Ada, MI 49301 USA
Country: United States
Branches:
2.1
3.8
GFT Standart Account:
minimum deposit: $2,500
minimum lot size: 100k
max leverage: 1:50
GFT Mini Account:
minimum deposit: $250
minimum lot size: 10k
max leverage: 1:50
Spread:
Variable, from 1 pip
Deposit/Withdraw
Bank Wire, Credit card, PayPal, Check, eCheck
Platform:
Custom trading platform, Web platform
GFT is listed as White Label partner on the Currenex website.
Regulated by:
CFTC, NFA (US), FSA (Japan), NFA ID: 0279553
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