GFT Company

GFT Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

GFT, officially known as Global Futures Forex, Ltd., was founded in 1997. It emerged as one of the early pioneers in online forex trading, providing innovative solutions to traders worldwide.

Parent Company/Ownership Structure

GFT operates as a subsidiary of Global Futures & Forex, Ltd. Over the years, it has maintained a focus on providing a robust trading platform and has undergone several transformations, including its eventual closure under the GFT brand and transfer of clients to Forex.com.

Headquarters Location

The company is headquartered in Ada, Michigan, USA. This location has served as the central hub for its operations, facilitating its global outreach.

Global Business Scope

GFT has established a presence in over 120 countries, catering to both retail and institutional clients. Its global business scope is enhanced by offices in major financial centers, including New York, Chicago, Tokyo, and Sydney.

Main Regulatory Bodies

GFT is regulated by several key financial authorities, including:

• National Futures Association (NFA)
• Commodity Futures Trading Commission (CFTC)
• Financial Services Authority (FSA) in Japan
• Australian Securities and Investments Commission (ASIC)
• Monetary Authority of Singapore (MAS)
• Dubai Gold and Commodities Exchange (DGCX)
• Dubai Multi Commodities Centre (DMCC)

2. Company History and Development

Key Milestones

Since its inception, GFT has achieved significant milestones, including:

• Launching one of the first online forex trading platforms in the USA in 1997.
• Expanding its service offerings to include CFDs, commodities, and binary options.
• Transitioning to Forex.com in 2015, which marked the end of the GFT brand.

Business Expansion Journey

GFT's growth trajectory has been marked by strategic expansions into international markets. The company leveraged its technological advancements to enhance trading solutions, attracting a diverse clientele.

Customer Base Growth

The company has built a loyal customer base, serving clients in various regions, including North America, Europe, Asia, and Australia. The focus on customer service and innovative trading tools has contributed to its reputation and client retention.

Platform Development History

GFT has developed several trading platforms over the years, with its flagship platform being DealBook. This platform has undergone various iterations to improve user experience and provide advanced trading features, including real-time analytics and automated trading capabilities.

Important Awards or Recognitions Received

GFT has received numerous accolades for its trading technology and customer service, including:

• Best Online Trading Platform (2011) by Shares Magazine
• Best Forex Education Provider (2011) by International Business Times
• Customer Service Excellence Award (2011) by International Business Times

3. Trading Services Offered

Forex Trading Options

GFT offers a wide range of forex trading options, featuring over 120 currency pairs, including major, minor, and exotic pairs. This extensive selection allows traders to diversify their portfolios and capitalize on global currency movements.

Stock Trading Options

While GFT primarily focused on forex and derivatives, it also offered stock trading options as part of its multi-asset trading approach. This included access to various global stock exchanges.

CFD Trading Products

GFT provides a comprehensive suite of Contracts for Difference (CFDs) across multiple asset classes, including indices, commodities, and forex. This allows traders to speculate on price movements without owning the underlying assets.

Other Financial Instruments

In addition to forex and CFDs, GFT has offered trading in commodities, precious metals, and binary options. The inclusion of cryptocurrencies has also been part of its product offerings, catering to the growing demand for digital assets.

Special Services or Unique Advantages

GFT is known for its advanced trading platforms, particularly DealBook, which provides a user-friendly interface, advanced charting tools, and a wealth of educational resources. Additionally, the company emphasizes customer support, offering services in multiple languages and around-the-clock assistance.

4. Regulatory and Legal Background

Detailed Regulatory Information

GFT is subject to regulation by several prominent financial authorities, including:

• NFA (USA)
• CFTC (USA)
• FSA (Japan)
• ASIC (Australia)
• MAS (Singapore)
• DGCX (Dubai)
• DMCC (Dubai)

Legal Entity Structure by Region

GFT operates under different legal entities based on the region, ensuring compliance with local regulations. This structure includes separate registrations in the USA, Australia, and the UK.

Client Fund Protection Measures

Client funds at GFT are protected through segregation practices, ensuring that client deposits are kept separate from the companys operational funds. This is a critical measure to safeguard clients' investments.

Countries/Regions Served

GFT serves clients in over 120 countries, with a strong presence in North America, Europe, Asia, and Australia. This global reach allows the company to cater to a diverse clientele.

Compliance History

GFT has maintained a good compliance record with regulatory bodies, although it faced scrutiny during its transition to Forex.com. The company has taken steps to address compliance issues and ensure adherence to industry standards.

5. Competitive Landscape

3-5 Main Competitors

GFT operates in a competitive landscape with several key players, including:

• Forex.com
• Interactive Brokers
• OANDA
• IG Group
• Saxo Bank

Positioning in the Industry

GFT has positioned itself as a leading forex and CFD broker, known for its innovative trading platforms and comprehensive educational resources. Its focus on customer service and regulatory compliance has helped it maintain a competitive edge.

Market Differentiation Factors

GFT differentiates itself through:

• Advanced trading technology and platforms
• Extensive range of tradable instruments
• Strong regulatory compliance and client fund protection
• Commitment to customer service and education

In conclusion, GFT has established itself as a significant player in the forex and CFD trading industry. Despite its transition to Forex.com, the legacy of GFT as a pioneer in online trading continues to influence the market. For those seeking comprehensive trading solutions, GFT's offerings and regulatory adherence make it a noteworthy consideration.

Back to Top

For more information about GFT and its trading services, learn more.