GFT - opinions??

Hey,

i'm already with fxsol but would like to have a 2nd acct. as well; has anyone tried GFT? i wanted to know brief opinions.

thanks

i don't really like gft. customer service was pretty bad. (well, they will seem very nice at first, before you open an account, and after that, they treat you like s......)

i closed my gft account in november.

I'd suggest you stick with fxsol, grow the account, and then move to a better/bigger broker.

i'm not going to say which. i don't want to get banned.

This is good advice, stick with FXSOL and don't split your accounts. It will be too confusing and FXSOL does a decent job when it comes to customer support.

if youre using anthing over 100:1 leverage with fxsol be prepare pay out the ass on overnight swap, i use to use them before they change there overnight policy they was pretty good, there spreads are pretty high but overall they are solid.

I was happy with GTSPro, it ran fine on my Vista box, Went looking to GFT but Dealbook360 gave me some problems with Vista, so I stayed with fxsol.

gft.......
Customer service Great
Huge Slippage market and limit order (fast market)
Platform Slow and sux

I use GFT. I prefer their Dealbook 360 platform over MT4. Customer service has been great and the spreads are competitive. There have been a few issues with the software, but nothing too alarming and a restart clears them out.

Hi,

I started in my young days with Omega SuperCharts and TradeStation, so I have seen different charting sw.
So DealBook is...hmmmm.
I tryed 2 weeks ago GFT for 3-4 days for demo trading. DB360 is slow and the klick and drag and placing/changing orders is not accurately. No compare to O.
But the main reason for me to trade not live with them is:
if you have a position with a SL and take profit order in the system and you close the position by hand - don´t let exit position by trigger the stops - the both orders, SL and TP, will work furthermore and not be canceled automatically.
What a stupid thing -I ask an online chat guy but he had no clue what I mean. OK never traded, but this is totaly stupid for me.
Also, it cost me additional time to cancel my initial stop orders "by hand".
Good look with the remaining orders when your system, your internet conn. or DB360 goes off in the moment when you close the position with the furthermore working stop orders and the market is moving a little bit to fast.
When they are triggered than you have a position without any stops - good luck!
If you can live with that and love unculculated risk and thrill - why not.

Happy trading,
ShortyFX

ShortyFX, sounds like you're talking about hybrid CTL strategies.
CTL doesn't "know" about things you do outside of it, it's a fairly basic language.

I've been using GFT for 2 years, no problems. Quick and easy to move money in and out of my account. Seems to be an honest broker (and yes, of course news trading sucks, as with any broker)

Dealbook is good, but feels a bit dated. CTL (gft's equivalent to mt4 language) needs serious updating. Many language limitations, such as your example of CTL being unaware of manual updates to a trade initiated by CTL.
However I use CTL everyday, and have written and discarded dozens of strategies. It works, I make a living of it.

Hi jm8985 and all,

No, I´m not talking about CTL. I have no idea what this is.
I placed simply an order/position with their so called "R&C Buy/Sell at ..." Order. By this order type I placed together with the order/pos. a SL and TP order. When I closed this pos. by hand (with a simple markete order) - the SL and TP order will work furthermore! Why? - makes no sense. For what reason I need for a closed pos. a SL or TP? Their is no more a pos. to protect.
Same with simple placing "buy/Sell at..." order and place SL and TP later to this pos.. If I close this order market (not thru running into the SP or TP), both SL and TP will word furthermore.
Am I stupid or is it also in your live trading so?
When this order handling is also in your live trading so, seems that the DB360 programmer and the GFT heads never traded live. IMO it is simply a stupid order handling.

Additional problem for me: I like to enter my hole positon not a one price, I scale in with 3-5 pos. So for each pos. I have in the chart 3 lines for each pos. , 1 entry price, 1 SL, 1TP (sum 9-15!) - looks not so funny and is confusing for me. Also the "click/drag and change order mode" is in my demo not accurately. (use 24" TFT)

Do you work with SL and TP order and how tide they are to cuurent price when placed? How many trades do you make a day?
IMO GFT is hard when you look for 10-20 pips or try to scalp.
Mybe you could explain your order handling a little bit. How do you enter a pos. together with SP + TP in which pos./SP+TP-orders could close at the same time?
The only advantage from GFT for me would be their offer to trade so many market via CFD.

Happy trading,
ShortyFX

I've never traded live with another broker, but the demos I've traded with fxcm don't support OCO.

GFT and FXCM Stops/Limits's are valid until triggered or you cancel them. You need to place an OCO (one cancels other) order.

I place one OCO, set stop and limit, when the limit is triggered, the stop is canceled and the trade is closed.

I trade only a few times per day, usually 2 times. Once in NY session and one in the Tokyo session.

Dealbook 360 is a very bad platform. Very slow, takes a lot of memory, and orders are weirdly executed.