GFT

GFT is a subsidiary of Global Futures & Forex Ltd. It is unclear where these dodgers were registered and when they appeared. The gftforex.com website has been gone for a long time. Registration information in registers too.

Some websites say: sharashka started in 2005. Others say: in 2009. The GFT scammer rustles fervently: he started working in 1997. There is no evidence. You have to take my word for it. Attention: when there are problems with checking the legality, it is better to step up.

The only thing that is known is that the GFT website was bought by the “kitchen” of Forex.com. Since there was a transaction, it means that there are legal entities behind the scam.

“Kitchen” offered trading only in currency pairs. There were several dozen assets. In 2012, such a pool looked funny. Even Russian dealers with strict regulation have more tools.

This means that GFT did not stand the test of time and was unable to keep up with trends and the development of retail Forex. This is one of the possible reasons for its fall. More non-market quotes, leaking clients and blatant lies in documents. Sharashka didn’t even indicate the registration number.

The dumpster had several accounts. They differed in deposit requirements, the number of available, absolutely useless options. Everyone who opened a “Personal Account” was in equally bad conditions.

Sharashka accepted bank cards, transfers, even checks. This means that Global Futures & Forex, Ltd. behind it is a real company. But this did not make trading safer.

Terms of cooperation. How to make money with GFT?

GFT offers investments in 120 currency pairs. On the Internet they say: among the assets are CFDs of different exchange assets. An honest broker gives free access to a pool of instruments. Making a surprise makes no sense from a marketing point of view. Many people who want to trade contacts for price differences are not interested in sharashka.

4 accounts for trading:

• Bronze – $2500.
• Silver – $10,000.
• Gold – $50,000.
• Platinum – $250,000.

The differences are in the number of available news feeds, premium services, commissions, which you have a chance to get rid of. For example, if the deposit is over $250,000, GFT will not charge a fee for inactivity, currency exchange and withdrawal by bank transfer. It is very important to understand: such fees are a sign of a money collector.

The specifications are bad. Kidala promises:

• spreads – from 0.8 points;
• leverage – up to 1:500.

This is all information about trading conditions.

Honest reviews of GFT warn that the real spread is much higher than the tales told by the scammer. But leverage can be considered direct evidence that transactions are not entered into the real market.

I also forgot to tell you about swaps, commissions, margin calls, stop outs. Without this data it is impossible to assess the terms of trade. Reviews are often unhappy with this.

Rating Forex warns: in 2012, GFT sent all its US clients to another dealing center without notice. He notified about this with a short entry in the header of his website. I had to ask the opinion of everyone who opened the “Personal Account”.

Registration and regulation

GFT is operated by Global Futures & Forex, Ltd, which is supposedly registered in the United States. This could not be verified or confirmed.

There are indirect signs that Global Futures & Forex, Ltd really exists. And to this day. The company is engaged in intermediation in stock trading. In 2012 she sold the GFT brand. The buyer was Forex.com.

Registration in the USA can be considered a sign of reliability. But not in the 2000s, when GFT appeared. The scam broker was blown away until 2016 (then there was such a scandal that almost all strict jurisdictions tightened the screws on the “kitchens”). Therefore, it could very well be a company from the United States offering typical “kitchen” options.

Only third-party sources talk about GFT regulation. The stuntman worked under the supervision of the NFA (National Futures Association). Rating Forex checked the regulator’s register. Currently there is no Global Futures & Forex Ltd there.

How to withdraw money and top up your account

Udila took the entrance ticket:

• bank cards and transfers;
• PayPal;
• checks.

Lovchila did not ask for any commission for the deposit. It is unclear what happened with the conclusion in this regard.

It was possible to withdraw capital only to cards and bank account. The timing of the transactions is a mystery. Judging by the reviews, we had to be patient.

How GFT scams you for money

The GFT scammer is a typical “kitchen” of his time. She had a lot of dirty tricks to drain deposits. Everything depended on the trader who was hooked.

Broad shoulder, commissions for any sneeze did most of the dirty work. The newcomers merged. The poor fellows could not wash in such conditions. If you add a constantly braking terminal, there’s not a single chance of getting a plus at all.

For those who did manage to get soot, problems arose after the first bean removal. The GFT scammer paid attention to them. He did everything possible to not let him get a cent.

The most popular way to drain a trader in GFT’s arsenal is manipulation of quotes. Sharashka moved the price of the asset in the direction of the client’s stop loss or stop out. This led to a loss.

Another GFT scammer could show that he is not happy with the patient by widening the spread after opening positions. The swindler got away with such tricks. It was justified by the market situation or liquidity problems.

If, even despite all the steps, the trader got soot, heavy artillery came into action. The orders were cancelled. All profits were written off. The poor guy was accused of breaking the rules.

The war against traders was waged positionally in order to maximally protect the rear from the attention of the financial regulator. That’s why the GFT company managed to evade responsibility for years.