Comment by Peter jcp on October 2, 2012 at 10:37am

I am with GFT UK and I agree they are a professional and reputable company and I sincerely hope they weather any storms. The world wide recession hits the majority of all businesses and therefore their retail client base might have reduced their capital accounts or their stakes - if they are not enjoying success from the markets.

Its unfortunate that in this "dog eat dog" financial world the market makers have made it more difficult for many retail traders to enjoy a fair level of success in the markets

With such a high level of only part time traders/ investors - if they don't see the returns they are after - the "churn" level will increase again and those guys will go elsewhere - which of course loses GFT and others income and costs them more to find new customers to replace the ones that have left. Its a shame but business is tough and of course not always fair - I suppose you could say similar in all walks of life.

Comment by 2ndSkiesForex on October 2, 2012 at 11:49am

Lowest volume and volatility levels since 2007.  Doesn't help that so much is centrally planned and stimulus is being doled out like hot dogs...doesn't allow the markets to be markets imo

Comment by Brian Twomey on October 2, 2012 at 1:03pm

 

 Excuse me but I can't help this comment. A time once existed before the unnecessary regulations hit US brokers when GFT was a giant market maker in many currencies. Retail brokers making markets in currencies was not supposed to be their business nor intentions.  They made their money back then when we all payed the per lot fee to enter and exit our trades, $50 per lot before the spread price was the norm. But these guys racked up not only those per lot fees but earnings from market making operations. These guys had a field day with customer accounts and spreads on market making currencies. How many customers were hurt by GFT?

 Now I hear they are in trouble. How wonderful is that revelation. What took them so long. The chickens finally came home. Let's hope the door doesn't kick them in the rear on the way out and let's all wave as they go bye.

 And despite a loss of Ad revenue to fxstreet, I would think a good group such as the Fx street guys would find a healthier organization to replace that revenue. This is my hope.

 

Comment by Ricardo Kempff on October 7, 2012 at 1:28am

Is GFT an NDD broker???? Just asking.I was with IBFX who claimed to be an STP broker but in some papers they were saying the were acting like STP model but not saying they were one and the disclosure was a little confusing and then they sent me an email stating that I was agree they were MM and there might be some conflicts of interests and then they sent me a link to a CTFC or something that I was agree to work under STP model (but not STP expresively) and under certain circumstances they would act as a MM, dam that became so often that I just had enough and then I've realized they were facing a loss of 40 Million USD and they were bough by a BIG company and in few days were bought by a bigger one and now everything is done by a second party. So I switched to an STP broker, still testing them, they claim to be but it takes some time to know if they really are an STP broker. So watch out if GFT is not being trough the same. It makes me wonder, how can a broker lose??? I mean, they are not the cassino, owners of the house???

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