GFT Spread Betting Reviewed -:

The London-based division of the leading U.S. firm, Global Futures & Forex, Ltd., has been established to offer spread betting, contracts for differences and spot forex trading services to active traders, hedge funds and institutions in Europe, Australia, Asia and the Middle East.

GFT Global Markets is the sister company of the leading USA forex dealing firm, Global Forex Trading (GFT). It is the venture of Gary L. Tilkin, a reputable global commodities and financial services entrepreneur, and the founder and CEO of GFT.

GFT Markets was founded around 15 years ago by Gary Tilkin. Tilkin grew GFT from a small futures business he started in his basement into a successful company with a multibillion dollar monthly turnover, and eight offices worldwide, which now deals spot forex trading to customers in more than 120 countries worldwide through a pioneering online software program.

As GFT's sister company, GFT Global Markets UK Ltd. is led by Tilkin and a handpicked management team of experienced financial spread betting, contracts for difference and forex dealing staff, several of whom came from well-established companies in the financial trading industry.

Based in the Canary Wharf development of London, GFT Global Markets UK Ltd. will operate using many of the technologies distinguished by while also applying them to deliver better processes and ideas to the spread betting and CFD industries.

Regulation

GFT Global Markets UK Ltd is authorised and regulated by the Financial Services Authority.

If you are located in the UK you can request a free no obligations brochure from some leading spread betting companies and the products and services they offer by clicking here

Verdict: I think GFT's overall business structure is very similar to CMC's - perhaps with better customer service, and safety measures in place to liquidate a client's positions when minimum margin requirements are breached. As far as I know CMC don't do this, placing stops is the client's responsibility, and CMC are more willing to see your account balance become negative. GFT and CMC have similar spreads, operating hours, and both have moved into spread betting from a specialist forex background.

Open an account at GFT UK by clicking here and try their demo for yourself

Please note that here we are only giving an account of our experiences and readers comments/contributions, please do not take this as advice to open/close/avoid any firms - your experience might be different! Anyway anyone using GFTUK please let me how you get on with trading live by filling in the form below.