GFT Review

GFT (also known as GFT Global Markets) is a private company that was founded in the late 1990s by Gary Tilkin. Tilkin grew the business from his basement, since those days the company has evolved into a global name, which now has offices in London, New York, Tokyo, Chicago, Sydney, Dubai, and Singapore. GFT is without question one of the worlds leading CFD brokerage firms. They service both UK and international clients, offering services in not just financial CFDs, but also spread betting and foreign exchange trading. They are regulated by the Financial Services Authority (FSA) and have all the credentials of a dependable CFD broker.

Trading Platforms

When you choose GFT to handle your CFD trading activity, they will give you unrestricted access to their innovative and award-winning DealBook platform. The platform itself is GFT’s very own creation and comes in three different forms.

·         DealBook 360 – The core software package, which comes complete with a vast range of trading tools. It should be noted that this is the basis of all DealBook offerings, which means it does require a Mac or Windows PC/Laptop in order to be used.

·         DealBook Web – A web variation on DealBook 360, it is accessible via a web browser and carries less features than that of the software version. However, it does still utilise live feeds and varied chart types.

·         DealBook Mobile – Mobile by name and mobile by nature, GFT’s app offering can be used on Apple, Amazon, Android and Google devices. Which means it can be used anywhere in which an Internet connection is available.

Account Types

GFT strives to keep it simple when it comes to CFD trading, with just one account available. Such requires £150 to open and once created offers users full access to their round-the-clock service (including 24/7 customer service), competitive pricing structure, global presence and the aforementioned award winning trading platforms.

Commissions and Spreads

GFX offer customers 60 currency pairs to choose from within their platform, which means versatility is a given. Their spreads range from 3 to 4 pips, however market volatility can throw such numbers into question. Market news announcements have been known to cause chaos with GFX spreads, but the trading platform offered does allow clients of GFX to keep on top of any unusual and wild market movements.

Pros

GFT has been a cornerstone name in the CFD trading community for years, with their dedication to offering their services globally being widely lauded. Their worldwide appeal, partnered up with a low deposit account, has made their GFT an appealing prospect to both experienced and novice CFD traders alike.

Cons

Not unlike other CFD brokers, there are downsides to GFT’s service. Currently, GFT doesn’t offer DMA nor do they offer volume detail, which could be an issue if you wish to trade equities. Their inactivity fee of approximately £100 may catch some people off guard if they leave their account idle for an extended period of time. They’re also known for their aggressive promotional campaigns, so users should expect regular communication with regards to deposits and trades.

Spreadbetting, CFD trading and Forex are leveraged. This means they can result in losses exceeding your original deposit. Ensure you understand the risks, seek independent financial advice if necessary. The value of shares and the income from them may go down as well as up. Nothing on this website constitutes a solicitation or recommendation to enter into any security or investment.