| |
GFT Online Forex Trading Overview
GFT Online Forex Trading is a Forex broker
based in Geneva, Switzerland. Our powerful
and easy-to-use software, secure trading
environment, and superior trading conditions
have made GFT Online Forex Trading one of
the leading Forex dealers in the world.
GFT Online Forex Trading executes over $3
billion per month in online transactions
and is recommended by many leading industry
participants. The proprietary GFT Online
Forex Trading Forex Trader software sets
a new standard in online trading functionality,
performance, and ease of use. Forex Trader
takes only seconds to download and install,
and performs flawlessly on all Windows operating
systems. Clients can trade 33 currency pairs,
as well as gold, silver, stock market indices,
and crude oil. Other advantages include
instant online fills, free charts, real-time
profit and equity tracking, fractional lot
size capabilities, hedging capabilities,
and 0.5% margin requirements. Try a free
demo here. GFT Online Forex Trading is regulated
as a Financial Intermediary under Swiss
Federal Law. With 35% of the world's private
assets managed by financial institutions
based in Switzerland, the country has a
long established tradition as one of the
world's largest financial centers and indeed
the largest financial center in continental
Europe. Banks and financial companies withholding
customers' funds are obliged to adhere to
the regulatory standards of the Swiss financial
authorities and must follow precise due
diligence procedures and trading practices.
GFT Online Forex Trading accounts are audited
by the well-recognized Swiss accounting
firm Fiduciaire Raisin-Dadre, based in Geneva,
Switzerland. Customers are assured that
GFT Online Forex Trading consistently meets
the strictest standards of financial stability
and proper handling of client funds. GFT
Online Forex Trading encourages clients
to conduct as much due diligence as possible
and all brokers they are considering. We
welcome client visits to our headquarters
in Geneva, whether to meet our professional
staff or simply see our operations first-hand.
Read more
...
Regulation
GFT Online Forex Trading is regulated as
a Financial Intermediary under Swiss Federal
Law. With 35% of the world's private assets
managed by financial institutions based
in Switzerland, the country has a long established
tradition as one of the world's largest
financial centers and indeed the largest
financial center in continental Europe.
Banks and financial companies withholding
customers' funds are obliged to adhere to
the regulatory standards of the Swiss financial
authorities and must follow precise due
diligence procedures and trading practices.
Since the 1st of April 1998 laws against
money laundering (LBA) Swiss regulatory
authorities have considerably tightened
financial controls of banks and financial
intermediaries obliging these institutions
to be affiliated with and supervised by
a recognized self-regulatory organization.
Regulated by PolyReg, GFT Online Forex Trading
is overseen by the Federal Department of
Finance in Switzerland. Members of this
organization are selected according to strict
criteria and have to respect a codex of
honor in conducting their business. GFT
Online Forex Trading is fully compliant
with the aforementioned directives and is
subject to Swiss law and all applicable
financial regulations.
Read
more ...
Industry References
GFT Online Forex Trading is regarded as
one of the top Forex brokers in the world
and is recommended by many industry participants.
GFT Online Forex Trading also maintains
membership with and is regulated by Polyreg
in Switzerland. Please contact us with any
requests for additional information
Read more
...
Customer Funds
GFT Online Forex Trading is regulated as
a Financial Intermediary under Swiss Federal
Law. Banks and financial companies withholding
customers' funds are obliged to adhere to
the regulatory standards of the Swiss financial
authorities and must follow precise due
diligence procedures and trading practices.
Regulated by PolyReg, GFT Online Forex Trading
is overseen by the Federal Department of
Finance in Switzerland. Members of this
organization are selected according to strict
criteria and have to respect a codex of
honor in conducting their business. GFT
Online Forex Trading is fully compliant
with the aforementioned directives and is
subject to Swiss law and all applicable
financial regulations.
Read more
...
Audited Financial Condition
Swiss regulation guarantees traders that
GFT Online Forex Trading accounts are audited
to ensure solvency and proper capitalization,
as well as proper handling of customer accounts.
GFT Online Forex Trading accounts are audited
by the well-recognized Swiss accounting
firm Fiduciaire Raisin-Dadre, based in Geneva,
Switzerland. Customers are assured that
GFT Online Forex Trading consistently meets
the strictest standards of financial stability
and proper handling of client funds.
Read more
...
GFT Online Forex Trading Advantages
Zero Commissions and Fees. GFT Online Forex
Trading clients always trade with zero commissions
and no transaction fees. Powerful
Trading Software. GFT Online Forex Trading
proprietary Forex Trader software sets a
new standard in online trading functionality,
performance, and ease of use. Get a free
demo account here. Trade
on 2 pip Spreads. GFT Online Forex Trading
low spreads improve net trading results,
especially for active traders. GFT Online
Forex Trading uses its economies of scale
and efficient dealing practices to offer
the lowest spreads in retail Forex.
Service and
Support. GFT Online Forex Trading clients
have access to 24 hour technical support,
as well as 24 hour trading by telephone
or chat. Multiple
Account Trading. Trading managers and funds
can trade multiple accounts from a single
window. The Forex Trader software allows
a block order to be automatically split
up among multiple customer accounts as specified
by the trader. Guaranteed
Fills. All market orders are confirmed within
seconds at prices clicked on or accepted
by the client - guaranteed. Stop orders
are also guaranteed to be executed when
triggered. Fractional
lot sizes. Trading on GFT Online Forex Trading
software is not confined to only 1 lot increments.
Clients can also trade .5 of a lot, 1.2
lot, or any other amount. Real-time
account and margin information. Your account
balance, usable margin, and value of open
positions are displayed in the trading software
in real-time. Instant
order execution. Orders placed on the GFT
Online Forex Trading software are executed
immediately online. Traders can also place
stops or limits on open positions or have
them pre-set on market orders. Wide
selection of currencies and metals. Trade
any of 33 major and exotic currency pairs,
and 4 precious metals. All products are
commission-free with the same low margin
requirements. Click here for a full list.
Lower Margin
Requirements. Trade all currencies and metals
on 0.5% margin; equivalent to 200:1 leverage.
Lower margin requirements mean more trading
flexibility without getting a margin call.
Limited Risk.
GFT Online Forex Trading guarantees clients
that they can never lose more than their
funds on deposit. Security
of a regulated and audited broker. With
GFT Online Forex Trading, your funds are
guaranteed to be secure and properly handled.
GFT Online Forex Trading is regulated as
a Financial Intermediary by Polyreg under
Swiss Federal Law. Real-time
Charts, News and Quotes. GFT Online Forex
Trading Forex Trader software has charts,
news, and quotes easily accessible from
the menus. Hedging
capability. GFT Online Forex Trading can
open positions in the same currency in opposite
directions, without the positions offsetting
and without using additional margin.
Read
more ...
Trading Conditions
Spreads. GFT Online Forex Trading offers
2 to 3 pip spreads in major currencies,
regardless of market conditions.
Rollover credits
and charges. Open positions will have carry
charges or credits applied daily at 5PM
EST (GMT - 5). The exact amount, in dollars
per lot, can be viewed from your trading
software as follows. Margin
Requirements. All products can be traded
on 0.5% margin (200:1 leverage).
Tick values
and lot sizes. Currencies are set at 100,000
units of the base currency per lot. Metals
vary by product. Fractional lot trading
is also possible (e.g., trade 0.1 lots for
a transaction size of 10,000 units).
Read
more ...
Forex Glossary
Ask: Price at which broker/dealer is willing
to sell. Same as Offer. For example, if
EUR/USD is quoted at 1.1850/1.1854, the
1.1854 is the Ask or Offered price. Bid:
Price at which broker/dealer is willing
to buy. For example, if EUR/USD is quoted
at 1.1850/1.1854, the 1.1850 is the Bid
price. Bid/Ask Spread (or Spread): The distance,
usually in pips, between the Bid and Ask
price. A tighter spread is better for the
trader. Cost of Carry (also Interest or
Premium): The cost, often quoted in terms
of dollars or pips per day, of holding an
open position. Currency Futures: Futures
contracts traded on an exchange, most typically
the Chicago Mercantile Exchange (CME). Always
quoted in terms of the currency value with
respect to the US Dollar. Parameters of
the futures contract are standardized by
the exchange. Drawdown: The magnitude of
a decline in account value, either in percentage
or dollar terms, as measured from peak to
subsequent trough. For example, if a trader's
account increased in value from $10,000
to $20,000, then dropped to $15,000, then
increased again to $25,000, that trader
would have had a maximum drawdown of $5,000
(incurred when the account declined from
$20,000 to $15,000) even though that traders
account was never in a loss position from
inception. EBS: Electronic Brokerage System,
the electronic system on which major banks
trade with each other. This is considered
to be the most definitive indicator of prices
at which currencies are really trading,
at least for EUR/USD and USD/JPY. Fundamental
Analysis: Macro or strategic assessments
of where a currency should be trading based
on any criteria but the price action itself.
These criteria often include the economic
condition of the country that the currency
represents, monetary policy, and other fundamental
elements. Leverage: The relationship between
the notional contract value and the margin
required to trade. For example, if the notional
amount traded (also referred to as lot size
or contract value) is $100,000 dollars and
the required margin is $2,000, the trader
can trade with 50 times leverage ($100,000/$2,000);
or 50:1 leverage. Leverage is the inverse
of the percentage margin requirement. Limit:
An order to buy at a specified price when
the market moves down to that price, or
to sell at a specified price when the market
moves up to that price. Liquidity: A function
of volume and activity in a market. It is
the efficiency and cost effectiveness with
which positions can be traded and orders
executed. A more liquid market will provide
more frequent price quotes at a smaller
bid/ask spread. Long: A market position
that has been bought. It will generate profits
as the market moves up and losses as the
market moves down. For example, if you bought
Euros, you will be long Euros. Margin: The
amount of funds required in a clients account
in order to open a position or to maintain
an open position. The percentage of the
contract value required as margin is inversely
related to the leverage. Margin Call: A
requirement by the broker to deposit more
funds in order to maintain an open position.
Market Order: An order to buy at the current
Ask price. Offer: Price at which broker/dealer
is willing to sell. Same as Ask. Pip: The
smallest price increment in a currency.
Often referred to as ticks in the futures
markets. For example, in EURUSD, a move
from .9015 to .9016 is one pip. In USDJPY,
a move from 128.51 to 128.52 is one pip.
Premium (also Interest or Cost of Carry
or Roll): The cost, often quoted in terms
of dollars or pips per day, of holding an
open position. Short: A market position
that has been sold. It will generate losses
as the market moves up and profits as the
market moves down. For example, if you sold
Euros, you will be short Euros. Spot Foreign
Exchange: Often referred to as the interbank
market. Refers to currencies traded between
two counterparties for spot or current delivery
rather than future delivery. Generally more
liquid and widely traded than currency futures,
particularly by institutions and professional
money managers. Stop: An order to buy at
the market only when the market moves up
to a specific price, or to sell at the market
only when the market moves down to a specific
price. For example, if EUR/USD is trading
at around 1.1850, you could place a stop
order to buy at 1.1870. This order would
be filled only if the market moved up to
1.1870 or higher. Technical Analysis: Analysis
applied to the price action of the market
to develop trading decisions, irrespective
of fundamental factors.
Read more
...
|
|
