GFT Demo Account a Scam? - BabyPips.com Forex Trading Forum

What is the general census about GFT forex trading?

So recently (27th of July to be exact) I decided to open a demo account with one of these online forex platforms. I started trading on the 5th though. I started with $50,000 as most of these games do and have since in the past 18 days been able to return a $18,730 profit. I'm contemplating making the plunge and using real money, but i just wanted to see if forex knew if this was a reputable site and wether or not it would be a good idea. I also want to know wether people thing that the demo accounts are accurate representations of real forex trading. The website is http://www.gft.com.au/
below are some images i took from the platform and proof of what i've been doing.
So the first is just the simplistic platform with my name a account number blanked out. The second is of the statement showing how much they owe me, although it seems as they they owe me more than my total profit, so if someone could tell me why that would be great. Image 3 and 4 are just proof of some trades i've done and you can see the account balance on the right.
http://imgur.com/a/3JhBJ
submitted by lackpack to Forex [link] [comments]

Broker question!

Hey /Forex, I have a broker question for you. I've been reading up on a lot of Forex, and I have demo traded with a few platforms and brokers (GFT's dealbook and OANDA, just to name a couple), and nothing has really stood out as the 'best' company to invest with. Does anyone have any opinion as to the most friendly, investor-oriented broker that offers a nice, free trading platform? Thank in advance!
Oh, and for what it's worth, I'm only looking to invest right around $1000, so either a mini or micro account.
submitted by Spectre-921 to Forex [link] [comments]

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Opening a Demo Account or Live Account with GFT. You may open an account with GFT using any major currency: US Dollars, Euros, British Pounds, Japanese Yen, Australian Dollars, or any of a number of other options. The minimum deposit is £150 or equivalent. One of the best things about GFT, aside from their strong reputation, is the fact that they allow customers to trade using a demo account ... Trader sollten sich darüber im Klaren sein, dass jedes Forex Demokonto auch den Interessen des Brokers dient, der es anbietet. Wenn nicht ausdrücklich etwas anderes gilt, weichen die Konditionen mehr oder weniger stark von jenen im Live-Account ab. Die Spreads können enger sein, was sich positiv auf die (nur auf dem Papier erzielten) Ergebnisse auswirkt. GFT Forex claims that the reason is that when you make your trade in another currency than your account balance is working with they have to make these adjustments. They are very small with low volatility but high when the volatility is high. Sometimes you will get some positive and sometimes some negative surprises. More news about GFT Forex. The Forex Customer Support Challenge: GFT May 15 2013 10:57:52; GFT Introduces Automated CFD Trading for Meta Trader 4 Mar 12 2013 09:50:02; GFT Introduces Mobile Trading Apps for Its MT4 Platform Jan 08 2013 14:40:45; GFT's Japanese Customers Acquired by Planex-Trade.com Dec 11 2012 14:42:33; GFT Withdraws from the US and Japanese Retail Markets Dec 04 2012 09:18:07 Forex.com has taken over this company. Other websites of this company include gfttuk.com and gftasia.com 2008-10-31 NOTE: After several messages to GFT about changes to profit/loss levels after trades were closed, we got an answer. According to GFT, if the profits/losses are in a currency other than the currency your account is denominated in, this profit/loss level will be adjusted on the ... During the scope of this GFT Forex review, we were impressed with the company's DealBook 360, a 20 MB-plus downloadable trading engine that powers the company's demo, mini and standard accounts. The standard account is the full-featured crown jewel of the line; as its name suggests, the mini account is less robust. There is also a scaled-back, Web-based version (DealBook Web) and a Pocket PC ... Hi, I am new in Forex trading and I have just opened a demo account with GFT. What I am wondering now is why am I just winning? I made USD 2K over the past 48 hrs and am wondering if the GFT Demo Account is for real. Or was I just lucky? OK, here was my strategy so far. I only traded when the strading did not have much movement i.e. not at the beginning of sessions. I only traded major ... GFT Forex tries to mislead you. I'm running live and demo account with GFT side by side. I placed a sell stop @1.4357 on both accounts. The GFT Demo filled the sell order @1.4357, without slippage. The GFT Live filled the sell order @1.4353, with 4 pips slippage. I tried to close the live position @1.4349 but my market order was executed @1 ... Open a free demo account today and try Forex trading with FIBO Group at no risk to you For over 20 years, FIBO Group has been creating better working conditions for traders. These include 260 trading instruments, spreads starting at 0 pips, high execution speeds of 0.03 seconds or better, trading accounts in USD, EUR, RUB, CHF, GBP, BTC, ETH, gold, and cent accounts. Simply put GFT trades against you but you will never get GFT FOREX to admit it. If you are curious how their game works HERE IS THE FORMULA… 55% are long and 45% are short. They only have to trade the difference or 10% give or take a few pips for safety. If you think the bank gets all the spread think again.

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