Gftforex.com Review

Good broker, I have deposited and withdrawn money without any problems (within hours). During high volatility system may be a little slow (for scalping Dukascopy has better reputation), but that’s only during NFP or SNB moves.
I have no re-quotes; stops are not taken out for no particular reason. Inactivity fee only applies if you do not trade for 60 days and it is possible to give them a notice and they will freeze the account so there will not be any inactivity fee.
Customer service is excellent.
One is for sure, if you want to find a good and safe broker you better do your own analysis/research, it is difficult to sift through the post of people who have lost an account and now are mad at the whole world. If I did not have an experience with the GFT UK, I would have an impression that this is a scam.

Hello ,

I would advice anyone looking for a good brooker never open an account with GFT : they 're professionnal scammer . They have ripped me of nearly twenty thousand pounds & the only way to get my money back is via the Ombudsman or to go to court. Here are some trick they 're using to scam their customers :

1) Giving false information about how certain product works : you trade base on an information , & then they change the characteristics of the product if you are winning
2) Cancelling winning trades (but never losing trades) without any notification or any reason.
3) Many different tricks with their platform to prevent you to close your winning trade.
4) Stop order you have previouly canceled reappear coincidentally , closing your winning trade.
Do not hesitate to refer to the police if you're victim of a fraud : http://www.actionfraud.police.uk
www.cityoflondon.police.uk
submit your case to the financial ombudsman with all the details & proof of evidence
& good luck to everyone & thank you to forexpeacearmy.com !

I openned an account on GFTUK. My note for customer service and their constructiveness is 5/5. Underline again, not just simple service, but constructiveness.

There are some data which is set automaticly, such as users leverage and minimum lot size. Even if you will enter all these data in application form, re-confirm it with them as per your money management and trade plan. For instance, my default leverage had been set as 1:200. Just realize that while your deposit is 10.000USD, you will place an order 1lot (100.000units) with leverage 1:200 :) So it is important for you to know what you want exactly.

Also you can't trade lots less than 1. I mean many brokers accept that type of orders. That's why user must select minimum lot size. It is additional form to submit.

My first account had been opened in Dealbook platform, then I had to tranfer account and deposit to separate MT4 platform. Just for your note.

I tried to trade on Dealbook platform, but actually didn't find it useful.

Gold, oil, etc. charts in MT4 had to be added after. There are some forms which user has to submit.

Shortly, before starting to trade live, make sure that you set up platform environment according to your wish, plan. I have compared their prices with other brokers. +-1 to 2 pips. Price actions are same. Don't blame them just because your poor trades. Improve your trade plan etc. I didn't find any price manipulations.

I think most reviews are written by angry users, while successfull users even don't bother to share their experience.

That's all for now. Will add another review after 3-4 weeks.

I worked with GFT UK 5 years and everything was fine until the day when one employee, stole confidential customer information to other companies when I reported this situation in GFT is then I immediately closed the account, and to prohibit the sale))

Please don't ever setup an account with GFT. From my experience, their seem to be able to manipulate their charts to the detriment of their clients. I have several MT4 accounts which are usually in line with each other. GFT's charts frequently are out of sync with the general market movements. My stop losses get hit on GFT but not on my other MT4 accounts.

A more worrying experience has been when cancelled orders re-appear on my platform and never to the clients advantage. Traders need to keep in mind that the traders loss is GFT's gain. They seem to be actively trading against their clients.

GFT are scammers, i had a demo account for 2 months and everything was going fine and making 'money' but as soon as i switched to the live account things changed quite dramatically and in the course of a month i lost nearly £2000. All sorts of tricks to ensure you are on the wrong side of the trade, from sudden spikes to stretching spreads (on one occasion up to 13pips AUD/USD). Just glad i managed to get the rest of my money out of them. AVOID IT, THEY WILL REAP YOU OFF!!!

Jose from Spain is 100% correct. They did this to me. I was trading really well and then all of a sudden it was taking longer and longer to execute trades. I called them and they had deliberately slowed my trades and refused to speed them back up. Speed went from 1 second to around 20 seconds. Then the market had moved and they started to requote me etc.. I ended up getting requote after requote. Stay away!!! Unless you lose money and then I am sure they will be nice :-)

Do NOT open any trading account with GFTFOREX.com they are scammers and very hostile to retail traders. They will rip you off and if they can't they will close your account. I have traded with this broker for a year and so many red flags. They are terrified of the retail trader making money and will do WHATEVER it takes to cheat you and steal from your account so that must means they have no money to cover. Warn everyone you know and put this scam broker out of business!!

I have been trading with GFT for only two months, which is not enough time in order give a verdict, but I had an incident which perhaps would be helpful for others to know about.
What happened was that on the other day, just before the opening of the markets in the US, I entered a future Sell order for a share that I was expecting to drop that day. The price in that order what slightly lower than the closing price from the previous day, so that only if this share starts going downwards the order would be executed.
When the trading started, the order was executed, and the trading platform showed that the opening price was exactly the price I entered for the order to be executed at, and in a matter of seconds sky-rocketed, leaving me staring at the red numbers of loss running higher and higher (not yet reaching the Stop Loss point).
When checking at other places for the opening price (Yahoo, Google, Bloomberg) they all showed a much higher price, and that the price hadn’t even dropped during this time course to the price where it had been executed.
Immediately I emailed GFT’s local distributer in my country, which no more than 5 minutes later called me on the phone already with a GFT representative from the UK, both already understanding the situation.
They both agreed that something was faulty with my trading platform at that particular time, and indeed the order should not have been executed.
The GFT representative offered with no delay to cancel this position altogether as if it was never opened, and once I said “Yes” it was only a second until I saw it zeroed on my screen, indicating the position was canceled as if nothing had happened, including the commission for the position opening.
So overall, it was a very frightening experience, knowing now that so many things can go wrong if you don’t follow your trading when its on “auto pilot”. But, once detected, GFT’s way of correcting it in regard to speed and professionalism was the best one could hope for.

I opened a live account with GFT several months ago. I made money and withdrew some of it and received the money within a few days. I don't like when they deduct money for their auto sync. It's not a large amount. Sometimes the executions are delayed. Sometimes I see 'no connection.'