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About GFT Forex
GFT Forex has been in the business of foreign currency trading since 1997. They have been providing software and services for forex trading in more than 120 countries. The President & CEO, Gary Tilkin, has over 30 years of experience in trading futures and currencies. Tilkin founded GFT Forex as a division of Global Futures & Forex, Ltd.
GFT had started catering to retail investors while most of the other players were focusing only on institutional investors. By 2001, GFT 's revenue has grown to the tune of 500%. Future growth also looks quite impressive.
GFT Forex: An Analysis
As the company is registered in the US, it is complaint to CFTC terms and conditions. It is also a member of FCM. GFT's free chart is supposed to be one of the best available in the market. The platform also offers some good amount of customization capabilities to cater to personal preferences.
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The minimum deposit requirement may vary depending on the type of account one may choose, but will typically be in the range of $250 to $10000. If you are a beginner, you can set up a demo account with GFT Forex and get some hands on training. This will give you a taste of the real word forex trading without actually burning your fingers.
GFT Forex is also known to have some downsides as well. Some of its clients complain about the orders not getting filled on time. The extent of requoting can turn out to be a real dampener some times. On some occasions, the platform has a frustratingly long lag time as GFT offers both forex and futures on single platform.
Conclusion
Forex Trading has been in the lime light for the last couple of years. GFT Forex offers a robust platform for the enthusiastic traders. But forex trading as such comes with its share of risks. You need to be constantly watching the market and should have the emotional maturity to take the setbacks in stride. Forex trading can be extremely lucrative or extremely costly. While it is a good home based prospect for a select few, this may not be the right opportunity for all.
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