Broker GFtrade. Low spread EUR/USD 0.9-1.1. 50% Deposit bonus. GFtrade Awards.
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GFtrade has received many awards for outstanding achievements in the Forex Industry. Outstanding customer support, excellent platforms, fund security and dedicated services are the greatest values of GFtrade.
Hi I am Alexander. Today I am going to do a broker review that many people are curious about. So far, many of you guys have asked me to recommend a broker. I hope this video helps those people who have not yet chosen a broker. To explain you guys with the advantages and disadvantages of this broker, I have been trading in this broker for. I'll tell you what I have felt about trading here.
The name of the broker is called GFtrade. Perhaps you might not have heard of them if you have been trading Forex for a long time. This Broker was originally an asset management company and they used to ONLY worked with companies. But they opened to the individuals for the first time in 2016. Okay I’ve gone too much of talking, now, I will show you what I have done through last week.
Spread Low - The first thing I noticed while I traded in GFtrade is that the spread is low. I will explain why it is really important to choose a broker with low spread. Basically, the movement of 1pip per lot is worth $10. Depending on your order, you may earn or lose $10. However, on the Forex trading system, we always start with a loss as much as the price of the spread. In other words, if you place a buy order, you will start from the bottom graph price, and if you place a sell order, you will start from the top graph price. That’s why spread is one of the most important factors in choosing a broker.
I will do a calculation from a money point of view. At GFtrade, EUR/USD is about 0.9-1.1, so we will calculate it as roughly 1pip. If you are trading at 1.5pip on another broker, there is a spread difference of 0.5pip, is it correct? Then you will have to pay an additional $5 for each order you do. If you trade 500 lots a month, then you would lose $5x500 = $2500 each month. This is not some amount of money you would want to ignore. Please, everyone who is watching this video, choose a broker with a lower spread.
But you should also be noted that brokers have a lot of false ads. If you check some websites of a broker, it says spread starts from 0.1 pip/0.3pip or what so ever, which is actually not a real spread. This spread only reaches the point for less than a second a day. Many brokers now have a zero spread account, the actual spread is zero, but they receive additional commissions. For example, the spread is 0, but the commission is from $20.
You may have heard of Deposit Bonus.
GFtrade now offers a 50% deposit bonus up to $5000. The Deposit Bonus is added as credit, not as real money. This money is converted into a withdrawable balance of $4 for each 1 lot transaction. I have asked the customer service, and they said that bonus will be converted into balance once a week.
They received the highest customer satisfaction award in year 2018. You can also see there are few more awards they have received.
In conclusion, I am very satisfied that they have low spread. Additionally, the deposit bonus which can be withdrawn even if you trade one lot, is very competitive and seems to be a very good promotion for traders to enjoy. Since this broker is also a registered at Financial Service Authority at St. Vincent, it seem that you don’t have to worry about the safety of the fund.
If you have any questions, please contact:
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Skype: master.trade.win
Tel.: +7(928)2514977
Email: iqcorp@yandex.ru
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This video was published on: January 18, 2019.
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