Gandalf Review of:

http://www.forexpeacearmy.com/public/review/www.gftforex.com

Jim from Los Angeles says:

“ALL of the brokers ARE scamming us and I can prove it. 
The GFT Demo filled the sell signal NEXT DAY at 1.4357 (minus slippage right there) but Live Automatic filled at a terrible 1.4353, that's MINUS 4 PIPS, last price was 1.4349 but I could close at 1.4351 for a disastrous MINUS 6 PIPS deficit before you even get started. 
That's a far cry from their "as low as" claim of 1 pip. The next three trades were -7, -10, and -6. Interbank was also -5 on the last trade. *** PAY ATTENTION *** That minus spread on every trade demolishes virtually every strategy and they are all doing this. There's little to no chance. 
I showed this to a GFT online chat rep and they responded, there are seconds lapse on the demo. What a bunch of spinning crap that is. They always have a rigged answer for all of their crooked behavior. 
We traders need to do more than just complain about this unethical behavior from this industry or it's never going to change. AT MOST, they should be 2 pips off the NEXT DAY open. So much for the CHEATING 1 pip claim.”

Advice from Gandalf The FX:

            To start, you cannot compare a demo account to a live feed. This is because they are two separate channels that offer different pricing and execution. They will never be the same for any broker, and traders will eventually learn that there is no sense in reading into it.

            I’m going to warn all scalpers based on this review; If your trading strategy calls for you to risk it all on a single pip, then you must reconsider your trading strategy. The simple fact is that Bulls and Bears make money...but Pigs ("All In") get slaughtered. Remember, this is Forex and people trade it Because of its volatility.

            As for the online reps or online chats, they usually have pre-made answers for frequently asked questions (FAQ’s). This is because a support person could have anywhere from 0 - 10 (or more) different chats going on at once. If you can imagine providing support to 10 different people at once, you can see why users will always get a ‘canned’ response, unless the topic of discussion is a rare one.

            Over all I do not think you have a compelling argument. I cannot see how you were done wrong by this broker.

Gandalf The FX