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Indeed, GFT offices are located in such diverse places as Dubai, London, Sydney, Tokyo and Singapore in order to attend to the needs of its customers around the world more easily and efficiently. Key Registrations GFT holds an impressive number of certifications and is regulated in every country that it has an office in.
Beyond the software, though, there are many other critical things to be aware of when it comes to GFT; learn more about them below. After filling out and submitting a brief application — which should take you no more than five or ten minutes — you have a short wait while it is being processed. Demo Accounts One of the best ways to get a feel for what GFT — and forex trading in general — is all about is by signing up for a free practice account.
Dealing Desk Once you become a GFT customer and begin trading on the foreign exchange market with them, you gain access to a higher level of customer service through their direct dealing desk. Leverage Limits Leverage limits at GFT are in line with those of most of the other major foreign exchange market brokers. For major currencies, a maximum leverage of is in place.
For exotic currencies, a maximum leverage of is enforced. It is so laden with chart options, graphics tools, and multiple drop-down menus that it would be difficult to navigate solo. In fact, because of the number of viewing options that blanket the screen, a trader can feel pretty claustrophobic without a wide-screen monitor. Within the platform there are 60 currency pairs from which to choose.
The spreads range from a standard three to four pips for majors to a variable market-dependent rate for exotics. Around news time, however, all bets are off. The volatility of the market can throw the spreads into chaos. Trades can be executed as market, stop, limit, and trailing stop.
For that he will be offered a completely customizable dashboard and leverage amounts as high as There is a Quick Deal chart with big colorful blocks of crosses that can be used to view or make quick trades.
Impressively, with a few right and left clicks, the user can also trade off of any technical chart. Additional deposits are simple to make. Withdrawals, too, may be made online, but these Web pages were not functional at the time of this review. GFT Forex accepts everything from credit cards to paper checks. A small pass-along fee is charged when using PayPal. Withdrawals are executed within a few days. It is important to note that GFT Forex charges rollover fees, although these are not specified on the site.
Finally, some neat options are available on the DealBook that are not found on other platforms.
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