I’ve done a search and seen some good feedback on GFT and Dealbook 360. It ticks a lot of my boxes in that it has Software/web interface and an iphone app.
I’m getting pressure from them to open a live account and deposit $250 USD in order to continue with demo trading after 2 weeks. They’ve even offered to match it with £30 if I open the account before xmas.
I’ve only been learning for 3 weeks now and feel I’m not in a position to make an informed decision as to who I might open a live account with.
On the one hand I like the feedback I’ve seen on this forum when I search for them I also quite like the software but then I haven’t fully tried metatrader yet or many others.
On the other hand I don’t like being pressured into opening a live account and depositing funds when I have at least another 5 months of demo trading ahead of me.
Also I simply don’t know enough yet about the diferent tools and strategies to really know if their software is better.
My gut feeling is telling me to forget dealbook360/gft and learn a different software with a broker who will let me trade on a demo account until I’m ready to make an informed decision about opening a live account.
But if I can just open an account - deposit $250 USD and get a free £30 GBP for doing it and then trade on demo until I’m ready to do it…
Anyone else using this broker/software and got any experiences to share?
Just had another call form the broker, the bonus is subject to placing 10 live trades within 60 days.
I don’t intend to trade real money for at least another 5 months. All too pushy and way outiside my ‘margin of safety’ so in the wise words of Duncan Bannatyne:
I have had a similar experience. It’s as if they don’t want you to use their demo too much! I think the platform is fantastic and full of advanced features but to cut me off if I don’t open a live account or talk to them over and over about how I’m doing with it is nonsense. I don’t have the problem of getting kicked off my demo account with other brokers.
When I opened my demo account with them it lasted 30 days (or 60?) I don’t remember very well. But it was more than two years ago.
Well my experience so far is,
Really good broker, excellent charting. Sometimes the program freezes and that is really disappointing, but nothing you can’t solve quickly. Transparency, good execution, etc, of course somethings I don’t like, but overall a good broker.
BUT
In my humble opinion I think three weeks experience is too little to play with real money, and for what I read you think the same.
I’m one of those few who likes Dealbook more than Mt4, but honestly I think you need way more demo experience, and obviously Gft is not offering you that option. Or if you want to trade for real with minimum exposure, maybe Oanda would be your option. Even though USD 250 could be considered a small amount (not that small when you worked hard for it) you’ll certainly blow it off in a few trades. For such a small amount you can’t keep your risk at a minimum. At least not with Gft.
My advise. Try some other charting software, learn to trade, wich is the most important thing, and if after you feel ready to invest your real money and still are interested in Gft, then and only then, open and account with them.
the indicator on the demo does not repaint when you go live it will.this platform is for manual trading only.If you want to experience cheating broker try this platform worst than mt4.