Founded in 1997, Global Forex Trading or the GFT is a subdivision of the Global Futures & Forex Ltd. Its headquarters is in Grand Rapids, USA. Every GFT broker is a regulated broker as the company is regulated by the Financial Services Agency (FSA), the National Futures Association (NFA), the Commodity Futures Trading Commission (CFTC), the Dubai Gold and Commodities Exchange (DGCX), the Dubai Multi Commodities Center (DMCC), the Australian Securities and Investment Commission (ASIC), the Financial Service Authority (FSA), and the Monetary Authority of Singapore (MAS).
GFT broker – Global Forex Trading, commonly known as GFT Forex is closed and doesn’t operate anymore using this name. Clients are transferred to forex.com.
Although the company holds an MM position, its liquidity suppliers, that is bank partners, are not listed. GFT offers guided and professional management solutions along with the Satori Trading company. It offers other solutions as well with the help of external companies.
GFT trades a number of currency pairs. It offers currencies from 7 developed and 12 developing nations. It has a particular way of listing these currencies that enables its clients to understand everything clearly. Along with the name of the currency, you will also find its greatest liquidity, size of tic, point, and spread, the volume of the transaction during the middle day, and the delivery terms mentioned. The company offers the maximum leverage of 50:1.
There is no limitation on the volume of transactions but you will have to pay for overnight passivity, withdrawals, deposits, and money transfers from one account to the other. There is a fixed supporting margin of 25%. The minimum deposit for a standard trading account is $250 and for a macro trading account is $2500 but you will have to sign a hard copy to begin the process.
You can deposit money using various methods like PayPal, Payoneer, credit cards, cheque, and traditional wire transfers. However, you can withdraw only through conventional methods like cheque and bank orders. The company offers a number of extra services like automatic trading features on its platform, translation services of auction signals, and other things but these services are chargeable.
You can trade a number of securities with this company, including precious metals, oil, indices, stocks, currency pairs, commodities, and binaries. GFT Forex UK brokers also offer spread betting to their clients. GFT has MetaTrader 4 and DealBook trading platforms. The latter is more advanced as it provides graphic analysis along with basic information. Its pro version, DealBookR 360 is also available to the clients which offer direct trading using graphs. Customer care services are offered in a number of languages – English, Chinese, Korean, German, Italian, Russian, Spanish, Japanese, French, Portuguese, and Arabic.