About GFT
Company Overview
GFT, operating under the trading name GoldFxTrading, is a forex and CFD broker reportedly based in the United Kingdom. The company was founded on March 13, 2019. According to its registration details, the broker targets retail and professional traders with access to various financial instruments and high leverage options.
Registration and Regulation
As of the latest available information, GFT does not hold any regulatory licences from recognised financial authorities. The broker is registered in the United Kingdom, but this registration does not imply financial regulation or oversight. Traders should exercise caution as the absence of regulation means there is no independent body ensuring client fund security or fair trading practices.
Account Types
GFT offers three live account types: Basic, Professional, and Extended. The Basic account requires a minimum deposit of €500, the Professional account starts at €5,000, and the Extended account requires at least €20,000. Maximum leverage is not specified for any account type, though the broker claims leverage up to 1:1000 on its platform. Spreads may vary by account, with floating spreads from 0.2 pips advertised.
Instruments and Platforms
The broker claims to provide a range of tradable financial instruments including forex and CFDs, although specific instruments are not listed in the available records. Trading is executed via the MetaTrader 4 (MT4) platform, a widely used electronic trading platform known for its advanced charting tools and automated trading capabilities. The exact range of products and available markets is not fully disclosed.
Risk Considerations
GFT is an unregulated broker, which significantly elevates the risk profile for potential clients. Without regulatory oversight, traders have no recourse to compensation schemes or dispute resolution services typically offered by regulated brokers. The advertised high leverage of up to 1:1000 can amplify both gains and losses, increasing the potential for substantial financial loss.
Transparency and Information Availability
Independent public information about GFT is limited. There are no user reviews or third-party audits available to verify the broker's claims. Prospective traders should seek additional details directly from the broker and exercise due diligence before committing funds. The lack of verifiable data is itself a cautionary signal for those considering this broker.
Overview compiled by FXCanary from regulatory records and public data. full GFT review