GFT SCAM REVIEW

ALL i can say is stay away from GFT.

They have very sweet tongue Sales Reps but they are not what they say they are. GFT are the king of stop hunting.

Long spikes appearing from no where and taking you out of your breakeven points or stop loss points.

Have a look at the gbp/nok on the 5th of Dec 2007. At 06.45, the price spiked up about 800 pips.

This did not happen on any other platform at the time. I was in a short position at the time and up over 200 pips but luckily not with this broker.

I had closed my account a week earlier otherwise I would have been stopped out if I was still with GFT.
I only had an account for a couple of weeks and about 3 or 4 times in this short period, GFT spiked up their price and I was taken out of my break even points. I was already in profit of over 100 pips on each occassion.

Watch out for the persistent pressure from their sales reps. They polish their services in words but it's a completely different ball game once you start trading with them.

They will slip you massively especially at news times and if you use their Direct Deal ticket, you are definitely getting requoted a very bad price.

The only good thing is withdrawal was within 48 hours.

GFT SCAM REVIEW

This company makes it clear that you cannot trade the news with them.

Thats fine since I dont trade fundamental announcements. The problem I have is with their trading software.

They have a facility called one click order that is to assist with traders who like to scalp the markets. I find that the software freezes continually to the point where it is unusable.

The demo account works fine but real trading is a problem.

Gft will tell you it is your computer, however I have a brand new computer with the latest specs, so I know it is their software.

The audacity for this company to lie about their software is incredible. I found some of the support staff to be rude and very defensive.

The bottom line is this. Most forex brokers are in business to rob inexperienced traders that is how they make a living.

Gft is no exception.

GFT SCAM REVIEW

GFT is falling apart!

I've traded with them for over a year now after having a bad experience with FXCM.

When they added futures to Dealbook, I was excited about the product expansion. Unfortunately, immediately after adding futures, the platform slowed to a crawl.

When I called to complain, their tech. support had me uninstall then reinstall the platform -- not once but five times (a 22MB file)!! I was even sent a "patch" to correct the issue but that failed as well.

I then decided to call my forex specialist as a last resort before closing my account. My call was answered by an individual that did not know anything about forex or futures but was assigned to my account due to my prior specialist quitting. I asked this person if they had any trading experience at all and their answer was "No - I've never traded a live account.

" Needless to say, my confidence level with GFT was heading south fast. When I asked to speak to a manager, I learned that he was new as well and knew less about Dealbook then my new specialist did! He has no trading experience either and could not help me with my problem although he was very proud of the fact that he has hired over a dozen new forex specialists with no prior industry or trading experience due to the high employee turnover.

When I informed him I was going to close my account, he proceeded to tell me how GFT is now mirroring FXCM in both variable pip spreads and trade execution.

Wrong Answers GFT.

You took what was once a good trading platform and company then destroyed them both. I closed my account that day!