About GFT UK
GFT ranks among the top online trading companies in the world. In addition to spread betting, it offers a wide range of trading services, including currency trading worldwide and contracts for difference in Europe, Asia, Middle East and Australia.
GFT’s parent company (Global Futures & Forex, Ltd.) has adjusted net capital at more than $80 million, according to the latest figures released by the CFTC, which exceeds well beyond the $20 million requirement imposed by the National Futures Association in the U.S.
Traders who open a spread betting account and meet the minimum deposit requirement, could be eligible for a £100 account bonus, which is subject to terms and conditions (read details here.)
Please note that spread betting, as contracts for differences, is legally enforceable as contracts within the UK. Unlike traditional fixed odds bets, spread betting trades are not simply “gentlemen’s agreements.”
It is therefore advisable to seek independent tax advice. It should be noted that conversely the losses that you may incur by way of financial spread betting can’t be offset against tax liabilities.
Important: This £100 trading offer is no longer available.
GFT Introduces £100 Spread Betting Account Bonus on the Heels of CGT Hike.
GFT UK Spread Betting Offer
Spread betting company GFT anticipated Tuesday’s announcement of CGT tax increase, announcing a £100 account-opening bonus for all of its new spread betting customers, hoping to draw even more attention to the potential tax benefits offered to investors by way of spread betting.
The pros and cons of the CGT increase have been making headlines in recent weeks and has become a topical discussion among traders. GFT took the opportunity to highlight what many UK speculators have known for years: the winning earnings of spread bets are not subject to capital gains taxes*.
Combined with the benefit of GFT’s £100 bonus, which is available to new customers who open a standard spread betting account with a minimum balance of £1,500, there are plenty of reasons to consider spread betting. GFT President and CEO Gary L. Tilkin said traders who open larger accounts may be eligible for even more perks.
“In addition to our spread bet bonus, traders who fund their account with more account bonus minimum would become eligible for even more through our account packages program,” said Tilkin. “It’s quite appealing given that you get free trading tools, news and other benefits to help with their spread betting endeavours,” he said.
Spread betting continues to grow in popularity, with 2009 estimates pushing the number of traders at well over 100,000 in the UK.
When spread betting, trading CFDs or spot forex you can lose more than your initial deposit. These leveraged products may not be suitable for all investors.
GFT Global Markets UK Ltd is registered in England and Wales, company number 5394757 and is authorised and regulated by the Financial Services Authority.
GFT UK - edited by MJ, 09 May 2013.
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With spread betting you can lose more than your original stake or investment. Spread betting carries a high level of risk to your capital so please familiarise yourself with the risks that are involved and, before trading, ensure that spread betting matches your investment objectives. Seek independent advice where necessary.
* Based on current UK tax law. Tax law may change and can differ depending on your personal circumstances.