Read the full Forex. During the scope of this GFT Forex review, we were impressed with the company's DealBook , a 20 MB-plus downloadable trading engine that powers the company's demo, mini and standard accounts. The standard account is the full-featured crown jewel of the line; as its name suggests, the mini account is less robust. Finally, two professional platforms round out the offerings: Chart Studio has over variations on technical analyses for the trader who wants to devise his own charting system.
For the majority, though, this program is an unnecessary extra. The GFT Forex site has no trading or platform tutorials to speak of.
The company does provide general background information on major financial markets and a glossary. An account representative will call and patiently take the novice through the platform and the Forex market.
GFT seeks to foster a relationship between company and client. Building trust and customer loyalty is simply a smart marketing move, particularly in Forex. The software demonstration with an account representative is the key to becoming familiar with the DealBook platform.
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 1: 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.
Finally, some neat options are available on the DealBook that are not found on other platforms. These include a voice-recognition feature and something called ITX Inter Trader eXchange , which allows clients to trade with each other.
GFT is not for the faint of heart. It is for the trader who is serious about Forex and wants to become more adept at playing the market. There have been some grumblings from GFT clients about slippage, especially at trading time, but, overall, GFT Forex has a strong following and a sterling reputation. This is my second visit to your weblog.
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Report Broker Scams Forex Widgets. Completely customizable dashboard for trading Platform requires some explanation and familiarity. Platform is best viewed on a wide-screen monitor Clients may experience some slippage during news time. Help me choose a broker. Finding a Forex broker has never been so easy! Check out the top 3 rated brokers below:. Advantages Completely customizable dashboard for trading Platform requires some explanation and familiarity.
Disadvantages Platform is best viewed on a wide-screen monitor Clients may experience some slippage during news time. Sara Patterson Review Date: Please insert valid information. Please select your country Please insert valid information. Your information has been successfully sent to us. We will handle your request as soon as possible.
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