With increased competition most markets end up offering the consumer better value for money and more choice. It looks like GFT's ever increasing entry into the UK is no exception.
GFT has now increased its UK spread betting offering, according to a recent Press Release the new GFT initiatives include:
"9 new indices, tighter trading spreads and competitive pricing, lower initial margins, as well as expanded 'out of hours' trading on more indices
"Our goal of helping customers trade more markets for less, for a longer period of time, is only the beginning of the changes we are making to suit customers trading CFDs and spread betting stock index products"
Looking in a little more detail that means:
New markets
"Nine new global indices have been added, including the Korea 200, China H-Shares and Mexico 35"
(That means GFT now offer 29 indices from 20+ countries).
Tighter Spreads
"Overall spreads for index products have been reduced, and now begin at just 0.3 index points. The popular US SPX 500 cash index is now quoted at just 0.5 index points"
(That pretty much speaks for itself).
Also see Clean Financial's Spreads Comparison.
Lower margins
"Initial margin requirements for all index products have been reduced by half or more. Customers can now trade with initial margins as low as 0.5% on indices including the German 30, France 40 and Australia 200."
Expanded 24-hour trading
GFT's 'out of hours' trading offering has been extended to "16 of the most commonly traded index products…customers can trade selected indices 24 hours a day. Markets with 24-hour trading include the UK 100, US SPX 500, Wall Street 30 and Japan 225."
GFT UK Global Markets in Brief
In their words:
"GFT Global Markets UK Ltd. provides the same award–winning trading technology as Global Forex Trading through DealBook® 360, which is designed for trading online spot foreign exchange trading, contracts for differences and financial spread betting. GFT Global Markets UK Ltd. is authorised and regulated by the Financial Services Authority.
"Based in London, GFT Global Markets UK Ltd. is a wholly owned subsidiary of the leading U.S. forex and futures dealing firm Global Futures & Forex, Ltd, and is related to the world-leading online forex dealing firm Global Forex Trading. This advantage allows GFT Global Markets to leverage the same pioneering trading technology and dealing practices GFT has developed since 1997."
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 UK Spread Betting' by DB, updated 08-May-08
For related pages also see:
GFT - Best Active Trading Tools, updated 03-Jan-09
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GFT UK spread betting review. Details on spread sizes, markets offered, orders available as well as free chart data...read article. GFT UK Spread Betting, updated 08-May-08
With increased competition most markets end up offering the consumer better value for money and more choice. It looks like GFT's ever increasing entry into the UK is...read article. GFT Prices, updated 30-Sep-08
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And it's good news for Forex traders as GFT have announced that they will now offer even more competitive prices, with spreads as low as one-pip wide. From 5 May the company reduced spreads on many of...read article. GFT Margin Requirements - No Change, updated 08-May-08
The recent market volatility has sent shockwaves through the trading industry with many spread betting and CFD operators suddenly raising their customer margin requirements to cover their own market positions. However, GFT customers do not have to worry about...read article. GFT Account, updated 08-May-08
This is where it gets interesting. GFT have been around in the FX markets for a good while but their web based spread betting platform DealBook WEB is...read article. GFT Spread Betting Platform, updated 08-May-08
Spread Betting with GFT Global Markets' Award-Winning DealBook 360. A customised fit and advanced trading capabilities to complement your strategy?...read article.
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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.
