GFT Introduces £100 Spread Betting Offer after Capital Gains Tax Hike.
GFT anticipated the announcement of the Capital Gains Tax increase, announcing a £100 account opening bonus for all of its new spread betting clients, 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.
GFT ranks among the top online spread betting 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, 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 bets, CFDs and spot forex are leveraged products and may not be suitable for everyone as it is possible to lose more than the funds you deposit. Please ensure that you fully understand the risks involved.
Content approved / provided by GFT. GFT Global Markets UK Ltd. is authorised and regulated by the Financial Services Authority.
Note - Spread Betting carries a high level of risk to your capital and you can lose more than your initial investment, it may not be suitable for all investors. Ensure you only speculate with money that you can afford to lose and that you fully understand the risks involved and seek independent financial advice where necessary.
'GFT Offer', Review by D. Jones, last update: 6-Jun-11
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Risk Warning:
Spread Betting carries a high level of risk
to your capital and you can lose more than your initial investment,
it may not be suitable for all investors. Ensure you only
speculate with money that you can afford to lose and that you fully
understand the risks involved and seek independent financial advice where necessary.
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* Tax Free Trading:
Tax law is subject to change. It may also differ if you pay tax in a jurisdiction outside the UK.
