I just got my free yearly credit report, just to make sure I haven’t been the victim of any unknown identity theft, and I’m seeing that Global Forex Trading (I assume that’s the company we all know as GFT) ran a credit check on me in October 2008.
The funny thing is that I’ve never had an account with GFT. I did open a demo account with them sometime in 2008, though.
Has anyone else had GFT do a credit check on them before for just opening a demo? I’m a little perplexed because I never gave them my social security number or any other personal information, other than my name and address, so I’m not sure how they did a credit check on me…
Couple of weeks ago I opened a demo account with GFT. I came to realise that they only give 1 month free trial before the demo expires.I never even bother opening the platform.
In my opinion I dont know anybody that opened a demo account in a month, made a handsome profit in demo in the beginning stages of forex and opened a live account the next month and continues making a huge success.
These so called brokers are really clever, they intend to give you a demo account for a month only so that they can sucker you in the following month to take your hard earned money. After the second month all broke and heartbroken you automatically jump back to demo and learn to trade as long as you like and on the other hand the broker smiles in his high top building with your first saved up forex funds. That his christmas bonus:D
Nevertheless after opening a demo account that I never bothered using I must have gotten about 3 calls from GFT (1 call per week) forcing me in opening an account with them and all the nice goody indicators and some extra bla bla bla that they can offer which no other broker offers until I was really rude to the gentlemen and told him to bugger off, when I am ready to open an account I will let them know:D:D:
I think these brokers are out for the kill, they want every single penny in your pocket do or die:)
My apologies to anyone who trades with GFT, as they are a high respected broker here on Babypips, but they’re highly overrated. Everyone talks about amazing charting, yet a free Metatrader 4 Demo allows you to do everything they’re Dealbook platform allows. Not to mention Metatrader 4 Demos [B]never expire.[/B]
3 Phone calls a week? Yeah I had to go through this also; I’ve never seen a broker press me more than GFT. Here’s the worst part. After you open a live account with GFT, you get a demo that does not expire, but you still have to make at least one live trade per month. I wasn’t aware of this one live trade per month rule and was charged a $50 a month inactivity fee. Just giving you guys the heads up.
