GFT Forex Broker

GFT Forex Broker - Complete Information Guide

1. Broker Overview

　　GFT, officially known as Global Futures & Forex, Ltd., was established in 1997. The company is headquartered in Grand Rapids, Michigan, USA, with additional offices located in various regions including Australia, Japan, Singapore, and the United Kingdom. GFT operates as a private entity and has a significant presence in the global forex market, catering primarily to retail forex traders as well as institutional clients.

　　Since its inception, GFT has made substantial strides in the forex trading landscape. One of its key milestones was the introduction of its proprietary trading platform, DealBook 360, which has been recognized for its advanced charting capabilities and user-friendly interface. Over the years, GFT has evolved its offerings, adapting to the changing needs of traders and the dynamics of the forex market.

　　In 2015, GFT was acquired by Gain Capital Holdings, Inc., which further expanded its operational capabilities and market reach. This acquisition allowed GFT to integrate with Forex.com, enhancing its service offerings and technological infrastructure. The business model of GFT primarily revolves around retail forex trading, providing clients with access to a wide range of currency pairs, CFDs, and other financial instruments.

2. Regulatory and Compliance Information

　　GFT operates under several regulatory authorities, ensuring that it adheres to the highest standards of compliance and investor protection. The primary regulatory bodies overseeing GFT include:

• Commodity Futures Trading Commission (CFTC) - Registration Number: 0339826
• National Futures Association (NFA) - NFA ID: 0279553
• Financial Services Authority (FSA) of Japan
• Australian Securities and Investments Commission (ASIC) - License Number: 340255
• Financial Conduct Authority (FCA) of the UK - License Number: 190864

　　GFT's regulatory licenses are valid across multiple jurisdictions, allowing it to serve clients globally while ensuring compliance with local laws. The company maintains a strict policy for client fund segregation, ensuring that customer deposits are held in separate accounts from the company's operational funds. This practice enhances the security of client funds and provides an additional layer of protection.

　　Furthermore, GFT adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, implementing robust measures to verify the identity of its clients and prevent fraudulent activities. These compliance protocols are essential for maintaining the integrity of the financial markets and safeguarding investor interests.

3. Trading Products and Services

　　GFT offers a diverse range of trading products, making it a versatile choice for various types of traders. The broker provides access to over 60 currency pairs, including major, minor, and exotic pairs. The spreads offered range from 1 to 4 pips, depending on the trading conditions and the specific currency pair being traded.

　　In addition to forex trading, GFT also provides a selection of CFD products, which include indices, commodities, stocks, and cryptocurrencies. This extensive product range allows traders to diversify their portfolios and explore different market opportunities. GFT regularly updates its product offerings, introducing new instruments based on market demand and trends.

　　The broker also caters to retail clients with an array of trading services, including educational resources, market analysis, and personalized customer support. For institutional clients, GFT offers tailored solutions, including white-label services and asset management options, positioning itself as a comprehensive provider in the forex trading ecosystem.

4. Trading Platforms and Technology

　　GFT supports the widely-used MetaTrader 4 (MT4) platform alongside its proprietary DealBook 360 platform. DealBook 360 is equipped with advanced charting tools, over 85 technical indicators, and various order types, including one-click trading and automated trailing stops. The platform is designed to accommodate both novice and experienced traders, offering features that enhance the trading experience.

　　In addition to desktop trading, GFT provides a web-based trading platform that allows traders to access their accounts and execute trades from any device with internet connectivity. The broker also offers a mobile application compatible with both iOS and Android, enabling traders to manage their accounts and trade on the go.

　　GFT employs a market-making execution model, which facilitates fast order execution and liquidity provision. The company's servers are strategically located to ensure minimal latency and optimal trading conditions. Additionally, GFT supports API access for automated trading, allowing traders to implement their strategies seamlessly.

5. Account Types and Trading Conditions

　　GFT offers several account types to cater to different trading needs and preferences. The primary account options include:

• Standard Account: Requires a minimum deposit of $250, with spreads starting from 1 pip.
• Premium Account: Designed for more experienced traders, requiring a minimum deposit of $2,500, with competitive spreads and additional features.
• Islamic Account: Available for clients adhering to Islamic finance principles, ensuring compliance with Sharia law.
• Demo Account: GFT provides a demo account for new traders to practice trading without financial risk.

　　The leverage offered by GFT can go up to 1:400, providing traders with significant flexibility in managing their positions. The minimum trade size is set at 10,000 units, and GFT implements a rollover fee structure for overnight positions, which is standard in the industry.

6. Funds Management

　　GFT supports multiple deposit methods, including bank wire transfers, credit cards, and electronic wallets such as PayPal. The minimum deposit requirement varies by account type, with the standard account requiring $250 and the premium account requiring $2,500.

　　Deposits are typically processed within a few hours, ensuring quick access to trading funds. However, GFT may charge fees for certain deposit methods, particularly for credit card transactions. Withdrawals can be made through similar methods, with processing times generally ranging from 1 to 3 business days.

　　GFT maintains a transparent fee structure, providing clients with clear information about any applicable withdrawal fees. Clients are encouraged to review the terms associated with each payment method to avoid unexpected charges.

7. Customer Support and Educational Resources

　　GFT prides itself on offering robust customer support through various channels, including phone, email, live chat, and social media. The support team is available 24/5, ensuring that traders can receive assistance when needed. GFT also provides multi-language support, catering to a global clientele.

　　In terms of educational resources, GFT offers a range of materials designed to enhance traders' knowledge and skills. This includes webinars, video tutorials, and comprehensive trading guides. Additionally, GFT provides market analysis services, delivering daily insights and research reports to help traders make informed decisions.

　　Traders also have access to various trading tools, such as economic calendars and calculators, which are essential for effective trading strategies. GFT aims to foster a supportive trading environment, equipping clients with the necessary resources to succeed.

8. Regional Coverage and Restrictions

　　GFT serves a diverse range of markets, with a strong focus on clients from regions such as North America, Europe, and Asia. The broker maintains a global presence with offices in key financial hubs, allowing it to cater to a wide array of clients.

　　However, GFT has made the decision to withdraw from the U.S. retail forex market as of December 2012, transferring its U.S.-based clients to Forex.com. As a result, GFT does not accept clients from the United States, which may limit its accessibility for some traders.

　　While GFT operates in various countries, it adheres to local regulations and may impose restrictions based on regional compliance requirements. Traders are encouraged to review the specific terms and conditions applicable to their location before opening an account.

　　In conclusion, GFT broker stands out in the forex trading industry with its extensive range of services, regulatory compliance, and advanced trading technology. With a commitment to customer support and education, GFT aims to empower traders to navigate the complexities of the forex market effectively.