Summary
Global Forex Trading, commonly known as GFT Forex, is known for its dazzling charts and prompt customer service. Before a potential trader can even download the free demo, a “GFT licensed Forex specialist” is on the phone inquiring if he can walk the user through the platform.Regulated
Payment Methods Used
Bank Wire, Credit card, PayPal, Check, eCheckMeta Trading Softwares Used
Custom trading platform, Web platformGFT is listed as White Label partner on the Currenex website.Overall Rating
2.5/5Reviews
1/5
Cheating company, any one who wants details contact me. I lost $600 with this broker because of the spread. During the release of news, it increases to 20pp. this was 1 month ago. And today, calmly, without news at 00-05 terminal time, the spread increased to 30pp. And 600 dollars was blown away by the wind. There was no news, as they explained to me in technical support in the first case. I traded the euroaud pair. Be careful. Money is taken away. I had read about them before, but I didn't believe until I lost $600 myself.
1/5
GFT Forex is a scam company, there is no doubt about it. Last year they stopped withdrawing money from the account. At first, they simply did not fulfill withdrawal requests, but now they have come up with a new method not to pay and at the same time reduce the account balance. They simply delete withdrawal requests, while the money is not returned to the account, i.e. in fact, this is an implicit theft of funds. This year, 4 requests for withdrawal of funds were deleted for a total of $103. Contacting support does nothing. In live chat, they ask me to write to the mail, I wrote a bunch of letters, but I still have not received any answer.
1.7/5
I completely agree with the previous comment. Spreads are tight and trader has access to wide range of markets. What I don't like is you should pay for this kind of quality much higher price. All commissions, transaction fees etc are above the average among FX industry. You can find reliable broker with lower expenses so I see no reason to open account here or keep on working with them.
3.5/5
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3/5
Gft was acquired by forex.com. As a trader of both companies and active trader of Forex.com, I would say that things changed. No cancelation of winning trades, no tricks as it was before with gft. You got tight spreads and so on... What I want to mention is no extremely high number of price fluctuations during trading session anymore. They filter ticks and provide as smooth price as possible. I know it's been done as a good practice by others, so I see no negative impact on my performance.
1.1/5
I love the GFT spam comment from branson fan. With GFT you lose money if if you make money. I am amazed they get away with what they do.... How have they not been shut down? They close trades with tonnes of equity left in the account, they take huge fees out of profitable trades which then has them result in loses, and their software glitches at the most inconvient moments. The funniest part is that their motto is 'above all integrity' .... This company should be shut down! How do they get away with it?
3.4/5
I trade with them about 9 months. First 3 months, I was not so skillful, I lost money; but the last 6 months, I made money. Good or not good; sometimes, it may depend how skillful we are. The longer we trade, the better we will.
1/5
Scam
3/5
Whole damn company don't know a shit as to what they are doing a bunch of sloppy shits that's all, need the client to teach them their job roles & responsibilities
1.1/5
Although the platform is waaaaaaaaaaaaay too slow for day trading, swing traders will enjoy the vast amounts of studies available. If trading is your day job, this one's not for you.
2.3/5
The platform is as stiff as a prick.....and so frigging complicated for starters...I was out in a sec
1/5
Total SCAM, they trade against you, and ready to explain some terms you cannot understand on the never ending fees
1/5
If you are a small trader their fees will destroy you.
2.7/5
Difficult to make any money with a mini account - even when you win, you loose, with all the hidden charges and fees. And now 5 weeks after closing my account I,m still waiting for my funds to be refunded - the wired funds seemed to have got lost in cyber space and no one gives a damn. Get out quick if you can!
1/5
Server Problems... server problems...server problems.... their favorite excuse. Their statements are nuts. Try to close an account and get 'have to wait 3 days or so to convert canadian dollars to US dollars...' Wot? huh? Splain dis to me lucy ... o_0 ... is there anyone out there who is honest? They all need to be regulated. This is nuts
2/5
I was there before aswel and quickly realised it was nonsense. Definitly not honest and not regulated. I have been now with ACM and its really going ok, the only quirk is the spread widening during news which is not excessive but exists. The stop loss ordes always go through even during news and I'm not big news trader so for me it works.
1/5
I HAVN'T HAD ACCESS TO MY PLATFORM IN A WEEK !!! EVEN THE WEBSITE IS DOWN !!! THEY WANT ME TO TRADE BY CHAT OR PHONE.. THERE IS NO CHAT!!!!!!!! THIS IS SOO BAD !! I'm outta here asap !!
1.7/5
GFT is not a regulated broker, its a total bucketshop that is only a replacement for GCI which was banned from the USA...careful
1/5
poor customer Service
2/5
They scammed me with our exchange rate