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Who is GTL Forex?
GTL Forex is a regulated securities and
commodities trading firm specializing in online
Foreign Exchange ("Forex") brokerage. With a
global client base that includes self-traders,
institutions, and money managers, GTL Forex
provides to them an advanced, secure and
comprehensive online trading platform. Our client benefit
in the security that GTL Forex maintains the
companys net capital to strict regulatory
requirements.
What is the financial strength of GTL
Forex?
All companies under GTL Financial Group are well
capitalized and regularly audited to meet the
financial stability standard by the regulatory
and licensing authorities under whom they
operate.
How do I know my funds are secure once I
deposit with GTL Forex?
GTL Forex is tightly regulated and well
capitalized, under our regulatory we maintain
strict segregation of funds and are required to
submit our financial status time to time. This
segregation of funds is to ensure that the
clients funds are credited and debited based on
its trading activity, and GTL cannot utilize
these funds for any other purpose, your funds
can only be transfer on your instruction and
based on your trading accounts last activity.
What Type of Accounts I can open?
We offer different type of accounts to trade
Forex, CFD, Futures and Stock indices. Our sales
representative can help you choose the best
account to suite your business needs you can
contact our sales representative through this
link
How I can open Practice Account How I
can open Practice Account?
Demo accounts can be open for different platform
based on both automated and manual process.
Please click the following link to open a Demo
account or speak to our Live support for the
guideline. GTL Demo account provides to
experience real market, Live Quotes, Charts and
News and to familiarize you with our wide range
of different state of the art online Platforms.
Is there any time limit on Practice
Account?
Demo Account is Valid for the 30 days from the
date of registration, which will automatically
expire. If you wish to continue practice, you
can do this by re-register without the need to
download. To know more contact our live chat.
Do I need to have money for the Practice
Account?
NO, as you register your demo account your will
get USD 50,000 as free credit on registration.
This credit is has no value other than allowing
you to trade.
What is the difference between trading on real
account and practice account?
There is no difference except for the fact that
a demo account uses fictitious money and the
live account uses real money. The GTL Forex demo
system is fully functional and more importantly,
the bid/ask rates available in the demo system
are the EXACT rates available to our live forex
trading clients. The simulated forex trading
system allows you to sample the ability to deal
instantly from live, streaming forex quotes.
How much money do I need to open an
account?
We accept an initial margin of $ 2500 or
equivalent. Following details of accounts are
set as minimum deposit for the accounts. All the
trading benefits will be provided on the basis
of the category your account comes in. it is
possible to trade with us by using Bank
Guarantee as margin commitment. The issuing Bank
must be acceptable to us and should be AA rated.
Please contact our Sales team for further
details.
Standard Account: USD 2,000 or equivalent.
Corporate Account: USD 100,000 or equivalent
Managed Account: USD 100,000 or equivalent
What are the margin requirements?
Please see the Trade Forex and CFD Page for
margin requirements and contract specifications
and other related details of the available
products.
What Leverage GTL Forex Offers?
Depending on the account type GTL Forex offer
different type of leverage starting from 100:1
upto 400:1. Please see the Products Page for
margin requirements and contract specifications
and other related details of the available
products.
Are there any Charges for Practice
Account?
No, there are no charges on demo account.
How I can open live Account?
Opening a forex trading account could not be
easier. You can choose from two easy to use
options of either applying online here or
download the forms and fax the filled in forms
to us at fax number provided at you contact
details page.
Option 1- Online Account Application
Option 2- Print Account Application
Partnerships
Please include a copy of the partnership also at
least one identification for the beneficial
owners of the firm.
Corporation / Institution
Please include a signed copy of the corporate
declaration, articles of incorporation and a one
form of identification of the directors or other
key beneficial owners. Please ensure that the
form is affixed with the official seal of the
Corporation
Do you allow mini contracts?
Yes. You can open mini account with $ 500 only.
The minimum lot that can be placed is 10,000
(0.10) lot size.
Please Contact us for more details.
How do I know if my account has been
opened?
As soon as your account will be opened. You will
receive an email with your account number and
funds deposit details
How I can deposit my Funds?
The easy and reliable way to fund your account
for trading activity Wire Transfer You will get
email with the confirmation of account number
and wire instruction on which customer can
transfer funds.
Once your funding is complete, please notify us
with the relevant documentation, such as the
bank copy of the wire instructions in case of
wire transfer, to
support@gtlforex.com
so that we may process your application as
quickly as possible and enable your active
trading.
When will my funds be posted to my
account?
Your funds will be posted to your account on the
clearance of your wire transfer by our bank.
When I can start buying and selling in
my account?
You can start active buying and selling in your
account once your funds are posted in your
trading account.
How long it will take from the time of deposit
till when I can trade on my funds?
You can start active trading on the confirmation
of deposit by the bank. Please discuses more
with our customer support desk.
How can I withdraw money?
A Simple form which is available on our website
can be filled and sent to us via faxed request.
Withdrawal requests are processed within two
business days of receiving this form, although
in most cases the processing can be done within
the same day (during business hours only). You
can receive funds in any major currency using
bank wire transfer.
How long it will take my funds to reach
in my bank account?
Withdrawal requests are processed within two
business days of receiving this form, although
in most cases the processing can be done within
the same day (during business hours only).
Normally 3-4 working days are required for money
to reach your account.
Are there any service fees when funding
the online forex trading account?
GTL DOES NOT charges any service fee when
funding your forex trading account via bank wire
transfer or credit card. The Bank might charge a
very minimum (usually at fix USD$30) inward
remittance fee for wire transfer depending on
the source of fund.
What types of reports do you offer to
monitor my Activity in Account?
To monitor your account activity, history of
account is available with complete details of
your open, closed and pending orders and system
log report.
Can I be long and short in the same
currency simultaneously?
YES. We provide our customers facility to keep
buy and sell open positions in same account for
their trading needs. Unlike with other brokers
you are required to open second account to do
the same.
What is the minimum or maximum trade
size?
The minimum lot that can be placed is 10,000
(0.10) lot size. The maximum trade size is 20
Million or 200 lots, which will be subject to
market liquidity.
Do you roll my overnight trades
automatically?
Yes. Clients positions are
automatically rolled over without any charges.
Are there any changes on my rollover
position?
No. we provide our clients the maximum benefit
of Interest Free Spot Forex trading. This means
we do not take or pay any interest, rollover
charges and swap charges. This facility helps us
meet basic Sharia Law of trading without no
Interest (Reba free)
Can I keep both open buy and sell
position in same currency?
Yes. Customers are allowed to keep both sell and
buy positions as long as they wish.
Can I trade Interest Free?
We provide our clients the maximum benefit of
Interest Free Spot Forex trading. This means we
do not take or pay any interest, rollover
charges and swap charges. This facility help us
meet basic Sharia Law of trading without no
Interest (Riba free)
Can I keep either of buy or sell open
position?
Yes. No other broker can match the strength of
product offering, we offer Interest Free Forex
without any restriction.
Are there any extra charges on Interest
Free?
No there are no extra charges
Is there any time restriction on open
position in my Interest Free Account?
No, there is no restriction. Visit our website
to know more about interest free account policy
Can I have Short Positions in my
Interest Free Account?
Yes. Our customers are allowed to take any
position they wish to trade either buy/sell.
What are the commissions and fees
charged by GTL?
Forex trading with GTL is commission free,
however, a small commission is charged for
Future & Option trading depending on the
business turnover.
How does GTL make money without charging
a commission?
The same way that banks have made money dealing
in foreign exchange for decades without
commissions - GTL seeks to capture a portion of
the bid/ask spread (the difference between the
buy and sell price). The nominal costs of
trading apply to traditional futures trading;
GTL does not use an exchange for FOREX products
and therefore does not need to charge extra fees
to be profitable, whereas in case of exchange
based futures products we charge very
competitive commissions.
What are the trading hours for each
product?
Forex Currencies, Metals, and several others are
traded 24 hours a day, 5 days a week. For
detailed information on all our exchange traded
products see timing based on exchange these
products are traded. Please see our Products
Page.
Do you Accept Bank Guarantee and Letter
of Credit?
Yes we do accept B/G and L/C for the purpose of
funding margins; however market to market
profits and loss are required to be met on daily
basis. To know more visit our bank guarantee
page
Can I place orders over the phone?
YES. When trading via the phone, you will have
access to the same experienced forex dealers as
when you trade over the Internet. You must
provide the dealer with your user ID and
password, and all telephone calls are recorded
for the safety of both parties.
Can I place a trade via e-mail?
No, Due to regulatory and security reasons we do
not accept orders through emails. You can
alternatively place order through phone or chat.
Can I place profit limit and stop loss
orders?
Yes, they are strongly recommended. The stop
rate is used as a backup to close the position
when the market moves against it to protect you
from further losses. When the market reaches
this value the position is closed. The profit
limit rate is used as a profit limit. When the
market reaches this value, your position is
closed.
What Is Limit Order?
An order to buy or sell currency at a certain
limit is called Limit Order. When you buy, your
order is carried out when the market reached
down your limit order price. When you sell, your
order is carried out when the market reaches up
your limit order price. You can use it to buy
currency below the market price or sell currency
above the market price. There's no decrease with
limit orders.
What Is A Stop Loss Order?
The last one is Stop Order which is an
order to buy above the market or to sell below
the market. It's usually used as a stop-loss
order to diminish losses if the market behaves
opposite to what the broker supposed. A
stop-loss order lets sell the currency if the
market goes below the point appointed by the
broker. In Forex market there are four various
types of stop-orders.
What other services apart from forex are
offered by GTL Forex?
In addition to our regular forex and futures
clearing and execution services we provide free
white label, interest free forex, plus we also
extend partnership through our introducing
broker service program.
What Type of Partnership Opportunities
GTL Offers?
We encourage all type of partnership opportunity
(i) Introducing brokers,
(ii) White-label Solution,
(iii) Money Manager,
(iv) Managed Accounts.
How I can contact if I have problem in
trading or platform?
In case of any problem all our customers can
chat with our Live Support desk on website in
addition customers can call on numbers provided
on our website
If I have complain who I should contact?
Once you open Live Account, GTL Forex
will appoint our professional relationship
manager, the details will be sent to you with
password and username, in addition you can
always contact through Live Support and email
support@gtlforex.com
Is GTL Forex a White label company?
No, Our Price engine are connected to
pool of liquidity which also include our
proprietary MM quotes, the best bid and offer is
available for execution. Marketplace is a
technological solution for trading, using a
centralized marketplace model. We are
specialized in institutional liquidity and
instant execution. Among the ten FX marketplaces
in the world, GTL Forex has a unique position by
combining liquidity of the biggest marketplaces.
What is the Difference between other
brokers and GTL Forex?
GTL is committed to provide the investor
community at large, the true flexibility to
trade through a One Stop Shop for all investment
trading needs. GTL provides a large number of
benefits including |
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