GFT Forex Review
Introduction
GFT Forex is an ECN broker and a market maker that commenced operations in 1997 with the aim of offering knowledge, value, services and software for an enriched trading experience. Based in the US, GFT Forex is a Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC), and a member of the National Futures Association (NFA), both in the United States. It is registered with the Australian Securities and Investments Commission (ASIC), the Monetary Authority of Singapore (MAS), and the Financial Conduct Authority (FCA) in the United Kingdom.
Asset Index
The asset index available for trading on GFT Forex is given below:
| CURRENCY PAIR | Spread as low as |
| AUD/CAD | 0.1 |
| AUD/CHF | 0.1 |
| AUD/CZK | 12 |
| AUD/DKK | 8 |
| AUD/HKD | 11 |
| AUD/JPY | 0.1 |
| AUD/NOK | 20 |
| AUD/NZD | 0.1 |
| AUD/PLN | 14 |
| AUD/SEK | 20 |
| AUD/SGD | 0.1 |
| AUD/THB | 2 |
| AUD/USD | 0.1 |
| AUD/ZAR | 40 |
| CAD/CHF | 0.1 |
| CAD/DKK | 8 |
| CAD/HKD | 8 |
| CAD/JPY | 0.1 |
| CAD/NOK | 20 |
| CAD/PLN | 14 |
| CAD/SEK | 25 |
| CAD/SGD | 4 |
| CAD/CZK | 19 |
| CHF/DKK | 8 |
| CHF/HKD | 7 |
| CHF/HUF | 2 |
| CHF/JPY | 0.1 |
| CHF/NOK | 25 |
| CHF/PLN | 17 |
| CHF/SEK | 25 |
| CHF/SGD | 4 |
| CHF/TRY | 3 |
| CHF/ZAR | 35 |
| CNH/JPY | 3.1 |
| CZK/HUF | 130 |
| CZK/JPY | 30 |
| DKK/CZK | 2 |
| DKK/HUF | 2 |
| DKK/JPY | 20 |
| DKK/PLN | 20 |
| DKK/SEK | 4.5 |
| DKK/SGD | 2 |
| DKK/THB | 2 |
| DKK/ZAR | 50 |
| EUR/AUD | 0.1 |
| EUR/CAD | 0.1 |
| EUR/CHF | 0.1 |
| EUR/CZK | 20 |
| EUR/DKK | 2 |
| EUR/GBP | 0.1 |
| EUR/HKD | 3 |
| EUR/HUF | 2 |
| EUR/JPY | 0.1 |
| EUR/MXN | 40 |
| EUR/NOK | 15 |
| EUR/NZD | 0.1 |
| EUR/PLN | 15 |
| EUR/RON | 20 |
| EUR/RUB | 2 |
| EUR/SEK | 22 |
| EUR/SGD | 1.5 |
| EUR/THB | 2 |
| EUR/TRY | 4 |
| EUR/USD | 0.1 |
| EUR/ZAR | 45 |
| GBP/AUD | 0.1 |
| GBP/CAD | 0.1 |
| GBP/CHF | 0.1 |
| GBP/CZK | 18 |
| GBP/DKK | 15 |
| GBP/HKD | 15 |
| GBP/HUF | 21 |
| GBP/JPY | 0.1 |
| GBP/NOK | 30 |
| GBP/NZD | 0.1 |
| GBP/SEK | 35 |
| GBP/SGD | 0.5 |
| GBP/THB | 4 |
| GBP/TRY | 6 |
| GBP/USD | 0.1 |
| GBP/ZAR | 70 |
| HKD/JPY | 5.4 |
| MXN/JPY | 20 |
| NOK/DKK | 3 |
| NOK/JPY | 40 |
| NOK/SEK | 4 |
| NZD/CAD | 0.1 |
| NZD/CHF | 0.1 |
| NZD/CZK | 10 |
| NZD/DKK | 9 |
| NZD/HKD | 15 |
| NZD/HUF | 11 |
| NZD/JPY | 0.1 |
| NZD/PLN | 12 |
| NZD/SEK | 15 |
| NZD/SGD | 3.2 |
| NZD/THB | 5 |
| NZD/USD | 0.1 |
| NZD/ZAR | 30 |
| PLN/CZK | 40 |
| PLN/HUF | 40 |
| PLN/JPY | 120 |
| SEK/JPY | 30 |
| SEK/PLN | 25 |
| SGD/HKD | 6 |
| SGD/JPY | 0.1 |
| THB/JPY | 20 |
| TRY/JPY | 200 |
| USD/AED | 5 |
| USD/CAD | 0.1 |
| USD/CHF | 0.1 |
| USD/CNH | 0.8 |
| USD/CZK | 6.2 |
| USD/DKK | 2 |
| USD/HKD | 2 |
| USD/HUF | 2 |
| USD/ILS | 16 |
| USD/JPY | 0.1 |
| USD/MXN | 0.1 |
| USD/NOK | 2 |
| USD/PLN | 2 |
| USD/RON | 16 |
| USD/RUB | 2 |
| USD/SAR | 5 |
| USD/SEK | 7.1 |
| USD/SGD | 0.1 |
| USD/THB | 2 |
| USD/TRY | 2 |
| USD/ZAR | 2 |
| ZAR/JPY | 20 |
Trading Platforms
The platform solutions that are available for use by customers on GFT Forex are listed below:
DealBook 360: This is GFT Forex most comprehensive trading platform that meets the needs of the newbie and the experienced trader. It features over 85 technical indicators, 8 chart types and a range of timeframes. It allows for the organization of the trading space through its custom layout, and also, for the effective management of multiple forex accounts.
DealBook Web: This platform enables clients to access their accounts safely and securely through any computer system that is connected to the internet. It enables users to utilize chart types, indicators and news feeds to forecast market trends, it gives access to real-time news, it requires no downloads.
DealBook Mobile: GFT Forex gives its clients the opportunity of trading on the go with its mobile trading platform – the DealBook Mobile. With the DealBook Mobile, users of mobile devices such as Kindle Fire, Androids, iPads, and iPhones can now access their trading accounts, trade over 120 currency pairs, create price alarms, and add indicators among other functions. DealBook Mobile can be to these devices from either Google play, or App Store.
MetaTrader4: GFT Forex combines its exceptional pricing and outstanding execution with the intuitive interface of the MetaTrader4 platform. It features autochartist tools, ability to undock charts and create multi-monitor configurations, trading history dashboard among others. It is available for use on iPhones, iPads, and Androids.
Deposits and Withdrawals
Deposits and withdrawals can be made on GFT Forex through
a) Bank Wire
b) Check
c) Debit/Credit Card
d) eCheck
e) PayPal.
Minimum Deposit
The minimum deposit amount allowed on GFT Forex is 250 USD for a mini account, and 2,500 USD for a standard account.
Maximum Deposit
There is no maximum deposit.
Minimum Trade Size/Amount
The minimum lot size is 0.1lot.
Maximum Trade Size/Amount
There is no maximum lot size.
Minimum Withdrawal Limit
There are no minimum withdrawal limits.
Maximum Withdrawal Limit
There is no maximum withdrawal limit.
Conditions for Deposit and Withdrawals
There are no given conditions for withdrawal or deposit.
Customer Support
Customer Support on GFT Forex can be reached via the following means:
a) Phone: North America – 877.465.0787
International – 616.974.3670
b) Live Text Chat
c) Online Contact Form.
