Is GFT worth a chance??? ( Mini Spot Forex Account)

Discussion in 'Forex Brokers' started by forestgril, Feb 26, 2008.

  1. did you closed/withdraw ur GFT a/c ?
     
    #91     Jan 14, 2009
  2. dimeris

    dimeris

    not yet as my trading size is small (10000
    units);
     
    #92     Jan 14, 2009
  3. so you actually still using GFT even though they play tricks on you?

    actually I was asking forestgril if he is still with GFT LoL :D

    do you know where GFT users hangout?

    where they share indicators etc

    a lot are metatrader forums...metatrader is nice but I just don't really trust that software for executing trades
     
    #93     Jan 14, 2009
  4. You can try babypips.com they have some gft users there that post charts and codes for there charts. I am a gft user but I use tradestation for charts
     
    #94     Jan 14, 2009
  5. ic why dont you execute trades on TS? TS has forex too right? or are u an exotic fx trader...

    how is your experience with GFT

    a lot of bad postings on GFT on the net :confused:
     
    #95     Jan 14, 2009
  6. Tradestation uses gain and I am not a big fan with them plus TS charges a commission with there fx trades as well as a spread. GFT is not bad at all. I like them yeah I hear there accounting sucks, but I just look at my p/l each day and it has always been what I had made and it reflects in the equity. Gft has good customer service and the platform has been reliable. Better spreads and relaibility then FXCM, FOREX.COM. I have used those. As for Oanda, I am just not a fan of the platform but it is good as well. There are plenty of bad things people say about all the firms very evenly so I wouldnt worry about that. I chose GFT becuase they are obviously regulated, I am in the us and well capitalized. I like there platform, and actually you can trade on a matrix like I was used to trading futures on which helps. They dont stop hunt but I have never seen any firm I am with stop hunt for my orders, any more then if I were trading eminis(indicies) and big players pushed for stops in logical places as it also happens in fx, I am sure banks do that here. But as for brokers doing it, I havent seen it and i think most of that talk is sour grapes. It took me a while when I was new to find a broker becuase of all the crap said but you kinda have to expierence it for yourself and see. What is good for one person may not be good for another. I was with an ecn, mbtrading for fx and I didnt like it the commissions were outrageous and actually during the past few months of volatility I have noticed their spreads arent great. I am a scalper by nature but do trade off longer term charts for me which are 15/30 min But I scalp of the 5 min, but I am not looking for a a couple of pips with size I still shoot for atleast between 10-20 pips on a scalp. My stops have been honored in this volatility and never had a problem getting fills , sometimes during extreme news and volatility I will get a slower fill but not slippage or it might requote. As long as it does that when its against me as well as for me thats fine. So overall positive expiereince with GFT
     
    #96     Jan 14, 2009
  7. actually I just requested my check from MBT...

    I got slippage on TTO orders with no news market
    :confused:

    unless MBT reduce their commission I better find another broker

    why don't you trade with IB or hotspot? arn't they a cheaper broker?

    1 thing I'm uneasy with GFT is their market orders it doesn't execute the trades but moves to working order

    [​IMG]

    as a scalper by nature what is your experience on GFT execution if you mind sharing?

    I just opened a demo a/c with them and trying to familiarized with it but I find their execution on market orders is not so decent...at times the order sits on "working orders" on market order for 1-5 seconds

    perhaps this is only on demo...thoughts?
     
    #97     Jan 14, 2009
  8. ssss

    ssss

    why don't you trade with IB or hotspot? arn't they a cheaper broker?
    ###############################

    hotspot u,k, suspect is good alternative

    pure agent ,protected funds

    dissadvantage -great account minimum ,no web based platform as reserved version in case of heavy network conditions


    another alternative- liuid cme currency futures ...

    Your respectfully
     
    #98     Jan 14, 2009
  9. hey I just found out that

    anyone tried this? before?
     
    #99     Jan 17, 2009

  10. That was just one of the problems I had with them back in '06 on a live account, it doesn't look like they've changed much!
     
    #100     Jan 17, 2009