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GFT Forex

By: EconomyWatch Date: 27 July 2009

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Providing easy-to-use trading solutions, GFT Forex has a large customer base spreading across 120 countries. GFT’s corporate headquarters is located in Ada, Michigan, USA. The global reach of the company is represented by its offices in Chicago, New York, London, Dubai, Singapore, Tokyo and Sydney.

GFT is affiliated or registered as a member with various regulatory bodies of the world, including:

Futures Commission Merchant (FCM)
Commodity Futures Trading Commission (CFTC)
National Futures Association (NFA) in the United States
Financial Services Authority (FSA) in the United Kingdom
Financial Services Agency (FSA) in Japan
Australian Securities and Investments Commission (ASIC)
Monetary Authority of Singapore (MAS)
Dubai Gold & Commodities Exchange (DGCX)
Dubai Multi Commodities Centre (DMCC)

GFT Forex: History

Incorporated in 1997, Global Forex Trading is among the first forex brokers in the US to begin catering to retail customers. It was founded by Gary L. Tilkin as a division of Global Futures & Forex, Ltd. In 2001, the revenues of GFT Forex grew 500%.

The same year, the company introduced its proprietary trading software called DealBook® FX. Subsequently, the updated versions of this software (including mobile and web-based platforms) were introduced. In 2003, GFT expanded the currency pair options offered to its clients. In 2006, GFT launched the Strategic Trading Institute and Foresight A.I., which were steps towards educating customers to take more informed trading decisions.

GFT Forex: Products and Services

GFT has won multiple awards for its sophisticated trading platforms:

DealBook® 360: offers free charting tools, technical indicators and visual trading.
DealBook® WEB: features one-click trading and a streamlined ordering screen.
DealBook® Mobile: gives access to trading accounts on various mobile devices, including BlackBerry®, and those using wireless application protocols (WAP).
GFT PRIME: is a platform for institutional trading.

Some of the other tools offered by GFT Forex are:

FX Mentor™: helps traders to learn trading and build upon their knowledge of the foreign exchange market. Customers receive real-time alerts, daily targets and the opportunity to work with professional traders on a weekly basis.

· Autochartist™: simplifies technical analysis by facilitating the identification of chart patterns. All of the currency pairs offered by GFT are scanned by this software to generate useful trading alerts.