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The WikiFX Score of this broker is reduced because of too many complaints!

GFT

China|Within 1 year|
Suspicious Scope of Business|High potential risk|

https://gftplat.com/

Website

Rating Index

Contact

https://gftplat.com/
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

GFT

Company Abbreviation

GFT

Platform registered country and region

China

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-04-27
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 7 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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GFT · Company Summary

Anonymous Origination

Given that we have no information about the origins of the GFT trading platform, and the fact that it has only been operating for less than a year, it is evident that this is likely a fleeting, ephemeral trading platform with little to no industry reputation. The short operating history makes it challenging for such a platform to have established a credible reputation within the industry. Therefore, it can be reasonably inferred that this is simply a temporary, here-today-gone-tomorrow type of trading platform with no long-term sustainability.

Anonymous Origination

Shaddy Operation without Regulation

WikiFX has given a relatively low score of only 1.02 out of 10 to this broker. This suggests that GPT does not possess the necessary credentials, financial stability, or operational transparency that one would expect from a reliable and trustworthy trading platform.

Shaddy Operation with Regulation

Invalid Official Website

OTA Market's official website at https://gftplat.com/ is currently non-functional. When attempting to access this URL, the page fails to load properly, and ultimately results in a connection failure message.

Conclusion

Overall, GPT is an unregulated broker with a low score. Traders should exercise extreme caution when dealing with this broker. To learn more about the regulatory status and operational details of other brokers, please visit the WikiFX website.

User Reviews

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4

Comments

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Gaberial Loung
more than one year
I wake up in the middle of the night to manage my positions, only to find myself hit with unbelievable 100-point spreads! This is highway robbery disguised as trading fees. To make matters worse, they don't allow partial closing of positions, leaving me trapped in losing trades. Other brokers (three to be exact) with the same market conditions show normal spreads and functionalities. Don't tell me it's a market closure issue – this is pure manipulation. Honestly, avoid GFT. They set an outrageously high margin of $39.65 on my ten positions (each only 0.03 lot size) to force account liquidation. Other brokers have margins around $6 for the same scenario. My mentors, all seasoned traders, called this completely abnormal.💔💔💔
2024-04-18 16:16
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0
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BigoneTrader
more than one year
Looks like GFT is really dropping the ball when it comes to their trading platform. The user experience is a hot mess - it's so darn clunky and glitchy, you never know when the whole thing is going to just freeze up on you. And forget about getting reliable technical analysis or trading signals from these guys, it's like they're stuck in the stone age.
2024-04-18 12:13
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0
0
Coisini27485
more than one year
Actually, my experience with this broker took a sharp turn recently. After a few months of smooth trading, they abruptly suspended my account, freezing my funds and halting my ability to trade. This happened right when I had a profitable trade in progress, which they pressured me to close while they investigated. I follow my own trading signals, so this felt unwarranted. It seems like success on my end wasn't part of the plan. Their support has been unhelpful, offering no explanation or timeline for resolving the issue. The whole situation feels like an abuse of power hidden behind legalese.
2024-04-16 16:34
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0
0
Maravilla2932
0-3months
This platform called gft is a "fraud" scam, there was an alleged freezing of each user's money so that no one can make a withdrawal.
2024-03-27 09:59
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