GFT or North Finance

Hi all,

I need your help. I live in asia and plan to trade exotic pairs like usdsgd etc. I have taken a deep look at almost all brokers mentioned here and have deicided that i should choose either of this two dealers. I have an account with Man Financial(SG) which runs on Currenex but experienced a lot of slippage with them plus they do not have an automated platform to trade on. WHY DOES ALL THE GOOD BROKERAGES OFFER LOUSY TECHNICAL PLATFORMS?

I have read all the good, bad and the ugly stories of both these dealers, at the end of the day, i think its about what our preferences really are. I fell in love with MT4 same case with GFT's platform. I have tried and demo both platform and i personally feel they both are great too but MT4 is definitely more versatile in many ways but pip spread from Noth Finance is wider then what GFT offered, not a real issue with me anyway along as i get filled at target price.

I need help from all the experienced traders here to help me decide which platform would suit me best.

Question: Is GFT and NorthFinance financially stable or rather can I trust my money with them? Brokerage is SG are deemed safe because they are licensed under MAS ruling, if there happens to be any crashes, our money is still guaranteed to be safe, provided we are not on a losing trade.

Your inputs will be greatly appreciated.

Jest

Hey friend,


I know what you mean....myself - I am with FX Sol,great set up...however I trade using the 4 hour charts and FX Sol for some reason do not have 4 hour charts. Therefore I use the SBFX metatrader charts for TA and still trade with FX Sol. Works for me!

your money is safe with GFT, they are very reputable. try them out, they are a good choice imho.

what abt NF?

on the website it only says $50k and above is guarantee Hmm

IF you are a PURE technical trader, go with GFT than NF.

BUT DONT ever trade news with GFT! You'd be better off with Man Financial's slippage than getting worse slippage + delayed execution at GFT on news trading. The combination of Delayed execution + slippage can wipe your account in an instant!

If you trade news, go with NF. Not the best broker for news but far better than GFT on that field.

When choosing brokers, look at BOTH sides of the coin.

Hi,

Thanks for the inputs, but isn't NF offering an MT4 platform, which i believe is a better platform than what GFT offered. The DualBook is cool and all but it lacks the flexibility MT4 offers. After programming certain rules i find that MT4 gives more options. So does that not make NF better? As in it allows pure tech trades due to gd platform and allows me to trade news due to quick fills.

NorthFinance usues MT4 platform, and when they introduced it, it improved my trading signifacantly! Im live with 'em for 2yrs - perfect, safe secure... and their companys money and their customers' money are kept segregated!!! So they cant actually use our money, neither for companys loans nor other expenses...

Unless they want to.

It is written in their license as far as I know... A

if somebody uses global forex, is there anyways you can get news without relying on golbal forex to provide it for you?