GKFX, an FCA-regulated forex broker, announced it is launching a spread betting offering for its UK clients.
According to the company statement, the spread betting service will cover a wide range of asset classes, with tight spreads on the most popular currency pairs and indices. For example, the EURUSD pair will have a spread of 0.7 pips and the DAX – 0.8 pips.
The highest leverage both for forex pairs and indices is 1:100, with it dropping to 1:25 on certain pairs. The minimum trade size is worth GBP 0.1, the highest is GBP 100.
“At GKFX, we’re continuously talking to our clients about ways to upgrade our products and services and our new spread bet offering is another example of this. We’ve enhanced the account to give our clients tighter fixed spreads with all the benefits of the MT4 platform,” said Brian Myers, Managing Director of GKFX UK.
According to GKFX, the new product is tailored specifically for the clients in UK, where spread betting is exempt from capital gains tax and this makes it “one of the most tax-efficient means of trading the financial markets.”
GKFX brokerage was established in 2010 and obtained a license from the FCA. It offers trading in forex, CFDs, commodities, indices, equities and serves both retail and institutional clients. Trading is done on the MetaTrader4 platform. GKFX has offices in Cyprus, Germany, United Arab Emirates, France, Spain, Italy, Russia, China, Japan. It also offers binary options trading through its Cyprus subsidiary GKOption.
For a detailed review of GKFX, please follow this link.