Latest Updated General Information GFT Broker
GFT Forex discontinued it's services and transtered all clients to Gain Capital (Forex.com) broker.
Established back in 1999, Gain Capital Holding spreads its representative offices in New York, London, Hong Kong, Tokyo, Singapore, Beijing, Seoul and offers online trading services through their retail bland Forex.com, GTX ECN broker and innovative gutures broker Open eCry (in short OEC).
There are about 12,500 trading products reviewed on the broker’s official website including FX, CFDs, binary options, spread betting, FX Options and exchange traded futures and options.
Spreads may fluctuate during times of market volatility.
Minimum lot size for all available platforms is $10,000. There is the use of stop, limit and trailing stops. The leverage is as high as 1:400. There is rollover fee, although there is no mention of this on the site.
Unfortunately, despite the brokers reputation, there has been a lot of complaints regarding slippage during the trading time.
Minimum deposit requirement is $250. The standard account requirement is $2,500. At the time of this review, the deposits and withdrawals were processed via credit cards and Paypal.
GFT broker is regulated by several major authority jurisdictions in U.S., U.K., Japan, Hong Kong, Canada, Singapore and Australia.
GFT trading software is available in different version, which allows the necessary flexibility and accessibility. Apart from in-house software, there is also MetaTrader 4 platform – the most accredited software for forex trading.
DealBook 360 – suitable for both new and advanced traders. This is a download version for desktop and laptop computers.
Dealbook Web – easy accessible web version of the trading platform with quick one-click execution.
DealBook® for Kindle Fire and Mobile Devices– Amazon owned invention can be used to access your trading account. Place trades, add alarms and technical indicators, read latest press and news releases. This platform is also available on iPhone, iPad and Android.
MetaTrader4 – most advanced software filled with innovative trading tools and flexible, yet powerful analytical and charting features.
The broker website doesn’t provide any tutorials or platform guidelines. There is not enough information in their Help section either. The lack of details and guidance for beginners and new sign ups is a definite disadvantage. There is, however a downloaded document in PDF format with some explanation about the trading platform.