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Forex news -forex broker review => Forex => Topic started by: Indonesia on Apr 09, 2020, 07:08 am

Title: Gftforex.com Review.
Post by: Indonesia on Apr 09, 2020, 07:08 am
Gftforex.com Review.
Forex (http://forex.wine).com has taken over this company.
Other websites of this company include gfttuk.com and gftasia.com.
2008-10-31 NOTE: After several messages to GFT about changes to profit/loss levels after trades were closed, we got an answer. According to GFT, if the profits/losses are in a currency other than the currency your account is denominated in, this profit/loss level will be adjusted on the settlement date of the contract.
Under normal market conditions, this would only result in very minor adjustments, but during times of extreme volatility this could result in some surprises (good or bad) in your account balance a few days after you close a trade.
Make certain that you fully understand this policy and its implications. You might be able to use a multi-day trend to your advantage or might have your profits trimmed if price goes the other direction.
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Consumer Reviews.
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 :
Title: Re: Gftforex.com Review.
Post by: Indonesia on Apr 09, 2020, 07:09 am
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.
Title: Re: Gftforex.com Review.
Post by: Indonesia on Apr 09, 2020, 07:09 am
GFT Forex (http://forex.wine).
GFT Forex (http://betiforex.com/beginners-guide-to-iq-option-complete-review/) is a pretty well known Forex (http://betiforex.com/beginners-guide-to-iq-option-complete-review/) Broker that also offers a self developed Forex (http://betiforex.com/beginners-guide-to-iq-option-complete-review/) platform. GFT Forex (http://betiforex.com/beginners-guide-to-iq-option-complete-review/) is a retail broker but sometimes acts like an ECN broker which isn't good at all.
There's not a lot to say about GFT Forex (http://forex.wine). Every trader made his own experience with them and some reviews are good and some claim that GFT Forex (http://betiforex.com/beginners-guide-to-iq-option-complete-review/) is a scam. Well, as long as you can't prove that it's a scam you should be very cautious. But some reviews make GFT Forex (http://betiforex.com/beginners-guide-to-iq-option-complete-review/) look not very reliable.
One major complaint is that the GFT Forex (http://betiforex.com/beginners-guide-to-iq-option-complete-review/) software doesn't work properly. Stop losses are ignored or the chart makes peculiar moves or changes afterwards. This is very strange indeed but no reason to claim that GFT Forex (http://betiforex.com/beginners-guide-to-iq-option-complete-review/) is a scam copmany.
Withdrawals seem to be no problem with this broker. This is positive and makes GFT Forex (http://betiforex.com/beginners-guide-to-iq-option-complete-review/) look more reliable.
But there's a big problem that concerns many traders. Realised profit or loss can be adjusted afterwards. GFT Forex (http://betiforex.com/beginners-guide-to-iq-option-complete-review/) claims that the reason is that when you make your trade in another currency than your account balance is working with they have to make these adjustments. They are very small with low volatility but high when the volatility is high. Sometimes you will get some positive and sometimes some negative surprises.
You have to be aware of this otherwise you will call this broker a scam instantly.
You can't prove that these broker is a scam but it doesn't look that reliable.