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GFT Forex Discussion

  • #281
  • Dec 10, 2009 9:07am Dec 10, 2009 9:07am
so glad i found this thread on ForexFactory. I'm a GFT user and elsewhere in other forums they're complaining about convoluted account/trade statements or that remnant Stop Orders are still "live" even if position is closed. yes i agree the platform loads rather slow compared to other vendor software.

i'm trying to make the most out of the DealBook360 platform. can anyone show me the links to where each indicators are discussed? i tried searching this forum and came to this thread but still hunting for information on the built-in indicators that come with DealBook360. thanks.
  • #282
  • Dec 26, 2009 10:39pm Dec 26, 2009 10:39pm
i'm a forex newbie, what makes you think you are "switched to dealers" if profitable...any evidence of this. thanks for your valuable opinion.


Quoting MaXeY
Excellent support
Good spread
Very good order execution
Very fast withdrawal


BUT After you making A profit... You account will be switched to the Dealers.... which means games will start... 1st Order execution maybe take 5sec up to 40 sec to be executed !
  • #283
  • Dec 30, 2009 8:42pm Dec 30, 2009 8:42pm
Anyone try the gft pattern recognition software autochartist. I have tried it but either I am not getting it or it jsut is not that good of a program.
  • #284
  • Dec 31, 2009 8:10am Dec 31, 2009 8:10am
I have it and have used it. It's quite all right, no big deal, good thing is that you can have your own custom searches. I have used it a couple of times, I think the best advantage is the emerging patterns, since that can alert you to possible setups. I have found it to be a decent or fair addition to their platform, but nothing that will change dramatically your trading unless you only focus on signals generated by the program.
  • #285
  • Dec 31, 2009 11:04pm Dec 31, 2009 11:04pm
Hi,

Some months ago, I wanted to open an account with GFT but I was told that if I seldom trade then GFT will charge me some fee every month. But I remember that last time this was not so.

Any comments?
  • #286
  • Jan 1, 2010 1:54am Jan 1, 2010 1:54am
Quoting yyc196
Hi,
Some months ago, I wanted to open an account with GFT but I was told that if I seldom trade then GFT will charge me some fee every month. But I remember that last time this was not so.
Any comments?
US$50 inactivity fee if account is idle for 60 days or more.
http://www.gftforex.com/documents/pr...ng_fees.pdf?ts=
  • #287
  • Jan 2, 2010 2:27am Jan 2, 2010 2:27am
Hi,

Is anyone on here with a sizeable account actually making good money with GFT ?

I'm talking about $10k plus accounts.

Can anyone come forward and say that when their account started making good profits the account ran smoothly and they held a good relationship with them?
  • #288
  • Jan 2, 2010 12:02pm Jan 2, 2010 12:02pm
I had an account with them about 1..2 yrs ago. I loved the platform and the service, but sometimes the charts would screw up, and even though I would refresh, reload, the data, it would still be messed up...sometimes for hrs, but this didnt happen very often. I personally like FX solutions charts better. If you find something else for charting when gft messes up, you'll be fine. The platform itself is very good, and the spreads are very nice as well.

Any recent changes, I cant comment on.
  • #289
  • Jan 3, 2010 2:06am Jan 3, 2010 2:06am
Quoting dwrights
Can anyone come forward and say that when their account started making good profits the account ran smoothly and they held a good relationship with them?
are you suggesting that if an account makes good money, "they" will mess with it?
  • #290
  • Edited Jan 4, 2010 6:45am Jan 3, 2010 7:26am | Edited Jan 4, 2010 6:45am
$25 inactivity fee for mini accts.
Had significant problems with the data a couple of yrs ago but only very occasionally now.
One thing to keep in mind with GFT data is that their close is 7:00pm EST not 5:00pm EST as are most other shops.
Also their roll is at 3:00pm not 5:00pm.
I have not been able to determine how this actually effects trading, but it obviously would change indicator etc. signals.
For instance if you have been trading on Trade Station with a certain indicator and switch to GFT those indicators will signal differently.
Of course the following price doesn't change just your crystal ball guess.
  • #291
  • Jan 10, 2010 8:45pm Jan 10, 2010 8:45pm
are we able to get 'dollar index' or any futures quotes on the DealBook360 on it's default forex account?
  • #292
  • Jan 19, 2010 11:11am Jan 19, 2010 11:11am
I have to say... what an outstanding service regarding funds withdrawal.

I requested funds on the Friday, and received them on a Monday... GOOD WORK!
  • #293
  • Jan 23, 2010 12:07am Jan 23, 2010 12:07am
Hi all,

I'm trying to trade more pairs on GFT but found very few majors with <3pips spreads:
EUR/GBP=2pips
EUR/USD=2pips
USD/JPY=2pips
GBP/USD=3pips
AUD/USD=3pips
USD/CHF=3pips
EUR/JPY=3pips
USD/CAD=4pips
NZD/USD=4pips
AUD/JPY=4pips
GBP/JPY=6pips.
Does anyone know of any other "major" pairs that are 2-3pips spread average on DealBook360? I'm avoiding the 4pips pairs until I trade better.

Regards,
  • #294
  • Edited 12:52am Jan 23, 2010 12:34am | Edited 12:52am
Quoting bstay2
are you suggesting that if an account makes good money, "they" will mess with it?
You better believe it. You can't trade short term with them IF you win, esp. not scalp, and if you position trade holding positions overnight they have hidden, undisclosed aspects to their rollover fees, and weird accounting.

I had an eye-opening experience with them in the past (a good while ago, admittedly), put it that way. They dangle lots of eye candy, re slick and ever so helpful SALES folks, Dealbook, SMS alerts, goodies, impressive front of a great website they spend a great deal of time and effort on to attract fools, etc. in front of people's noses (sort of like frequent flyer miles and idiotic points/coupons systems in stores, which people always lose from or distract them and waste their time).

Then the stiletto goes in--in 101 different ways--when you win. You won't believe the number of variations they have up their sleeves, LOL. If you are a losing trader or just breakeven, it's okay with them, IF you like lots of eye candy.

There used to be some comments on the web, if you searched hard enough, by ex staff who worked there and said they would never trade with them, but these have disappeared.

Buyer beware.

NB: everything said on the thread, "Extra Charges by GFT", is true, and then some (and by "some", I mean a lot). No exaggeration here.
  • #295
  • Jan 23, 2010 11:47am Jan 23, 2010 11:47am
Bstay, from experience I tell you that you are better off sticking to a few major pairs instead of trying to have a 20 or 30 low spread arsenal. Even if they had all the pairs with a 1 or 2 pip spread, i wouldnt follow all of them. As it is I follow 15 and it's too much sometimes.
Get your trading style in order with maybe 5 pairs or so, and then start expanding.
My advice from years of losing trades. AFter September of last year is when I have been consistently making $$, not much, but consistency is the key for me now. In a little bit, i'm going to start increasing trading size, but not trading pairs.
  • #296
  • Jan 24, 2010 6:39am Jan 24, 2010 6:39am
Admittedly I'm not a big trader, but I have never had any bad experiences with GFT as I have had with TradeStation whose dealing desk is run by a bunch of fascists.
  • #297
  • May 9, 2010 7:42pm May 9, 2010 7:42pm
did anyone else noticed that DealBook360 platform takes up alot of system resources? i am using WindowsXP and it took up 713K of memory (last item in picture).
Attached Image
  • #298
  • Jun 17, 2010 1:14am Jun 17, 2010 1:14am
Quoting bit9ret
You better believe it. You can't trade short term with them IF you win, esp. not scalp, and if you position trade holding positions overnight they have hidden, undisclosed aspects to their rollover fees, and weird accounting.

I had an eye-opening experience with them in the past (a good while ago, admittedly), put it that way. They dangle lots of eye candy, re slick and ever so helpful SALES folks, Dealbook, SMS alerts, goodies, impressive front of a great website they spend a great deal of time and effort on to attract fools, etc. in front of...
I've picked GFT as my first broker (as a suggestion of a friend). But after what I'm reading I'm not really convinced anymore. I was checking the website of FX Pro and I'm thinking about switching to FX Pro. So far I'm trading only on demo account (which is only available for few weeks at GFT, after that they want you to deposit funds to your account to keep your demo account active).
  • #299
  • Jul 10, 2010 3:10am Jul 10, 2010 3:10am
In an attempt to discover the scam MT4 Market makers from the other "possibly decent" market makers I had about an hour long chat with a member of GFT support just a few minutes ago.

I will say for any broker to respond and have staff talking at 3:00 am educated without pauses on a Saturday morning EST is impressive.

I have not traded them, and I will post some of the discussion as well as fee schedule link.

Going to see if GAIN responds now! bet they will.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #300
  • Edited 3:25am Jul 10, 2010 3:14am | Edited 3:25am
looks like I was wrong -- Re: from "gain" or abbrev. "FX.c0m"

Quote
Live Chat is currently unavailable. Our Client Services department has closed for the weekend and will reopen on Saturday at 9 am ET. The market will reopen on Sunday at 5 pm ET. Thank you and have a great day. Please complete the form below to send a message.

This is impressive to me that GFT holds true 24/7 support and chat for customers and obviously non, even if it is a small amount of people.

I did find out that GFT does not offer MT4 - I like MT4 for Quick easy charting, yet I feel .the charts are restrictive in many ways and the BAR length in pips on any chart is deceiving what is a 25 pip breakout on another br0ker, looks only like a 10 pip break on T4. Alone, this causes distorted order placement.

They are one of the oldest MMs ----

**THis does not mean I am going to trade with them. I prefer an ECN environment these days and trade Gold on MM, for now
just trying to help the greater good here
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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