GFT Sign Up Bonus SCAM
In June I responded to an Email offer by GFT Forex that I would receive $400 if I opened an account with GFT with a minimum of $4,000. I called their representative, Luke Zinger, for details. Mr. Zinger told me that I just needed to place 20 regular lot or 200 mini lot trades within 60 days of opening my account and that I would receive the $400 bonus. I opened the account with considerably more than $4,000, placed over 30 regular lot trades, and waited. Nothing was added to my account. I called GFT numerous times, had a customer service order opened each time, and kept being told that their person in charge of Sign-On Bonuses would contact me. Finally, on October 1, 2010, I received an Email from Jim Howe, GFT Customer Care Specialist, informing me that although I had made 30.2 round trip trades that they required 40 trades, that I would not receive my bonus and that the time to place the trades had expired on 8/18/10. Somehow he made sure to wait two months after this expiration date before responding to my numerous phone calls.
This is pure Bait-And-Switch scamming. I was lured into an account that I was not ready for and forced to overtrade 20 trades too quickly for a beginner, within their required 60 days, lost nearly $2,000 on the trades, now fraudulently lied to and told to take-a-hike on the $400 bonus.
These dishonest GFT scammers need to share a bunk with Bernie Madoff and similar other dregs of society. Please be warned and expect to be swindled by GFT.