GFT anticipated the UK Government announcement of a Capital Gains Tax increase and have announced 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.
Tax Free Trading
The pros and cons of the CGT increase have been making headlines in recent weeks. GFT took the opportunity to highlight what many UK speculators have known for years: the profits from spread betting are not subject to capital gains tax.*
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 trading,” he said.
Financial spread betting continues to grow in popularity, with 2009 estimates pushing the number of traders at well over 100,000 in the UK alone.
About GFT
GFT ranks amongst the World’s top trading companies. In addition to spread trading, it offers a wide range of trading services, including FX trading (worldwide) and CFDs (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 America.
GFT Spread Betting Offer
Traders who open a GFT spread betting account and meet the minimum deposit requirement, could be eligible for a £100 account bonus, see site for full terms and conditions.
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.”
Risk Warning: Spread betting carries a high level of risk to your capital. You may lose more than your initial investment. It may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.
'GFT Spread Betting Offer' by GFT, updated 07-Apr-11
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Risk Warning: Spread betting carries a high level of risk to your capital and you may lose more than your initial investment. It may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.
* Tax law is subject to change or may differ if you pay tax in a jurisdiction other than the UK.
