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Here are some frequently asked questions about gnuTrade. More information can also be found in our main FAQs section What is gnuTrade?gnuTrade is a trading system that allows you to speculate on financial markets without having to actually own the underlying stocks, commodities, bonds or currencies. It provides a much simpler way to trade the markets, with a visually striking display, no paperwork, no brokers and no transaction fees or commissions to pay. gnuTrade is designed for people with any level of financial experience who want an easy, enjoyable way to trade and learn about the markets. Many of the trading methods we offer have long been established in the UK and provided by financial spread betting firms. However, we also offer ways to make money through our unique 'basic' and 'back a player' bets. And, if you are new to trading or don't want to trade with real money, you can choose to trade live markets with play money. Who is gnuTrade aimed at?gnuTrade is for anyone above the age of 18 years who is interested in financial trading or learning about trading. Our system is designed to appeal to professional and experienced traders as well as people who have little or no experience, but want the opportunity to profit from market price fluctuations. Our 'play money' feature makes gnuTrade ideal for anyone who wants to practice trading before risking their own money and for those who want to enjoy the experience of trading but don't want to use money at all. gnuTrade is also ideal for people who are familiar with online gaming but are looking for original ways to bet and make money. What are the main features and benefits of gnuTrade?gnuTrade is the first financial gaming site to use striking game-like graphics to represent the live global markets. This means the price movements are easy to follow and you gain a better, more enjoyable trading experience. gnuTrade offers novel, simple ways to bet on the markets or other players and clear educational guides for those who are new to trading or want to improve their skills. gnuTrade even lets you use small amounts of cash and trade with play money on the live markets to help you practice techniques and build confidence. Features and benefits of gnuTrade include:
Are you a financial trading company or a gaming company?In a way we're both. We operate under a strict Netherlands Antilles government licence, which enables us to offer customers financial betting without the costs associated with traditional city institutions. Profits are treated as gaming winnings so in many countries they are exempt from capital gains tax. Also, we do not charge commissions, transaction fees or trading taxes unlike brokers and city trading firms. We created gnuTrade to combine the fun, enjoyable, visually appealing nature of gaming with the excitement of trading on the live world markets with real money. We think financial trading shares many of the features of good gaming. It requires perfect timing and risk taking, and provides rewards when you perform well. Are you affiliated with any other companies?Not at present. But we are very keen to form partnerships with companies who share our vision that financial trading should be more accessible to the general public. We also believe that by providing a high quality user-friendly product we can help people learn about and experience trading in a fun way. Have you outsourced any parts of the business?We have chosen to outsource parts of our business where we believe this offers a better user experience for our clients. For example, we use a company called Cyberluck, a trusted technical partner for our hosting needs. The company has many years of experience in providing ultra-reliable support to global database driven government and corporate applications. We also use a reputable, independent accounting firm to manage our payment processing. This is because they have the credibility and experience in providing prompt payments to customers. How do you differ from financial spread betting companies?Unlike traditional spread betting companies and brokers, gnuTrade is based offshore. This means our costs are lower and we can pass these savings on to customers. We do not charge commissions, transaction fees or trading taxes unlike other trading firms. We're also different because with every financial bet placed through gnuTrade, you will know exactly the maximum amount you could lose if the markets go against you. With other financial betting firms, your losses can be open-ended, so you can lose more money than you have in your trading account. Our ‘stop loss’ feature limits how much you can lose, but we don't limit how much you can win. What’s more, we don't require huge minimum deposits and complicated procedures to open an account. The visual display screen of gnuTrade is another feature that sets us apart from other betting companies. Using simple colours and shapes, we make it much easier for you to compare markets and see how prices are moving at a glance. We also offer unique ways to make money, through our 'basic' bets and 'back a player' bets. Who are your main competitors?gnuTrade is currently the only financial trading company that offers live market prices and easy ways of betting through a unique game-like display format. Some people, however, might view our competitors as brokers, banks, other financial betting firms, and perhaps gaming companies. Where are your offices located?gnuTrade’s main offices are in Curacao, Netherlands Antilles, but we have development teams in the UK, South Africa, India and Chile. Our marketing people are based in Amsterdam, Paris, London, India and Chile, and our finance and risk teams work from Curacao, London, India and Chile. Is gnuTrade a private venture?gnuTrade NV is a private company with significant financial backing from a number of high profile investors and venture companies. What is the experience of the company founders?gnuTrade’s founders are ex-city traders who have many years of experience in trading for large financial institutions and have had senior management roles with established spread betting groups. What is the regulatory framework that gnuTrade operates in?We operate under a master licence issued by the Government of the Netherlands Antilles, which requires us to adhere to strict rules and policies regarding risk management, data security, and accounting procedures. Our payment processing, banking, and accounting are all handled by institutions regulated by the Financial Services Authority in the United Kingdom. Regarding data security, we adhere to strict global practices as set out by the Payment Card Industry Data Security Standards. What kind of financial backing does gnuTrade have?gnuTrade NV is a private company with significant financial backing from a number of high profile investors and venture companies. The majority of our investors have experience in market trading with global investment banks and/or financial spread betting institutions. How many people work for gnuTrade?The gnuTrade team comprises more than 20 people working from various locations, including London, Amsterdam, Paris, India, Chile and Curacao. The company takes advantage of modern methods of working, using voice over internet protocol (VOIP) and video conferences.
Manisha Israel |
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