Residence, Regulation, and Company Management Structure

The Global Forex Trading is known as the Division of Global Futures & Forex, Ltd. The GTX Forex is a company based in the United States of America but with different offices located in three different countries. The GTX Forex is a division of Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC).

The GTX Forex in the United States is a member of the National Futures Association (NFA). In Australia, they are regulated by the Australian Securities and Investment Commission (ASIC). They are regulated as well by the Financial Supervisory Agency (FSA) in United Kingdom and Japan.

The GTX Forex is a provider of global foreign exchange in more than 120 countries globally through the software and services for Forex trading of the customers.

Company’s Market Position

GT Forex offers trading of foreign currencies. The currency pairs are in 21 variants.

Commission-free trading is provided by GT Forex yet the profit of the company is basically derived from the differences of the bid and the offers to the client. There are no stop orders slippage on the hours allotted for the foreign exchange trading.

There are no other partners declared or known in its website.
Types of Services Offered
The company offers mini accounts and standard accounts for their clients’ options. The value of mini accounts is in 1/1oth of the contract in the standard account. In dollars, a mini contract has a value of US$10,000 and the standard contract with the value of US$100,000. On the other hand, the value of pip for Euro mini Forex contract is the same as 1/10th raising the value of dollar to roughly US$1.00 on Euro per pip. The margin requirement is reflected to 100:1 or 1%.

The minimum account value for GT Forex is only US$300 set by the compliance department. However, the recommended account value is US$750 but is not required.

Traders Support

The Commission-free trading is offered by the GT Forex. Free quotes are received by clients, live account statements online, news and even charts that are with customized abilities that aids the clients to have faster and intuitive trading decisions are all in the support that can be expected from the GT Forex. WorkBook is a tool that allows the client to handle their pages for their single or multiple currencies, chart incorporating, ITX tools and even statements. This can be viewed by the user anytime.

Demo for trading is also offered by the GT Forex.

Trading Platform

For any type of trader, the GT Forex platform which is the Market Center Direct FX allows access to all inter bank resources that were made available to its individual users. This can make users take advantage of the advanced trading technology of RJFOX, be enabled the monitoring of stopping, limiting and order cancels order (OCO) be viewed in the charts.

The software is designed sensibly to offer the greatest service for the online clients’ needs.

Site Design and Ease of Navigation Comments

With huge information incorporated in the website, organization of the website was in poor condition. Navigating and searching for certain information from the website is not easy, even problematic. Self-advertising is also done too much in the websites for the GT Forex.

Advantages

• Its location in the United States of America and the company’s membership in NFA, as well as the CFTC availability is an advantage.
• Other offices in other countries that are also registered in regulative organs are made applicable to them.
• Support for analytical and technical areas of the trading online is provided in the software of the GT Forex.

Disadvantages

• Obscurity of the company’s offer due to unorganized website.
• Unclear or unfixed commission charges.