Gekko Spread Betting Review

By mosesbet · Filed Under Brokers Comments Off on Gekko Spread Betting Review 

Sign up for a Gekko Spread Betting Live Account and Receive a £1,000 Deposit Bonus!

Gekko Spread Betting Review

Gekko Global Markets is the new kid on the block in terms of online financial spread betting and was founded in 2007. The company concentrates on spread betting, Forex and CFD trading. The company is based in the UK and is fully regulated by the Financial Services Authority.

The management team behind Gekko have years of combined experience within the spread betting industry and they are determined to ensure that their customers enjoy the best possible service possible so that they can compete with the more well known brands within the spread betting industry.

Bonuses and Promotions for New Customers

At first sight the sign up bonus that is offered to new account holders at Gekko is extremely attractive in that it is up to £1000. The company have gone to great lengths in order to promote this bonus with advertising around the City as well as television adverts, but as always, time should be taken to read the terms and conditions.

This particular bonus is in fact 20% of a clients first deposit, up to £1000. So to receive the full £1000, a first deposit of £5000 needs to be made. The minimum deposit that can be made in order to receive the bonus is £500 and 3 opening trades of at least £2 per point on qualifying markets need to be made in order for the bonus to be credited to your account.

Range of Markets, Spreads, Margin Requirements

Gekko have an adequate range of markets to trade on, certainly enough for most traders requirements and the full range can be seen on their website.

It would be fair to say that the spreads are competitive being one point for the FTSE and DAX and 3 points for Wall Street but one of the most attractive features it that Gekko offer a guaranteed stop loss for many of the markets it trades on. This does not apply to equity markets but it should be remembered that many firms will apply a larger spread for a guaranteed stop, so Gekko should be applauded for their stance here.

As far as the margin requirement goes, before a trade can be made a deposit has to be made into the account which will cover any potential losses. The minimum margin that is required is calculated by multiplying the size of the stake by the IMR figure which is quoted by Gekko.

The IMR can be found on the trading platform, next to the product that is being traded so the calculation can be made quickly and easily.

There are charges incurred if a position is left open overnight but this is in line with other firms within the industry and full details are available on the website.

Sign up for a Gekko Spread Betting Live Account and Receive a £1,000 Deposit Bonus!

Mobile Trading Platform

Gekko is in a transition period at the present time and although a mobile trading platform is not available at the moment a new trading hub is being introduced in the first quarter of 2012 which according to the customer support at Gekko will incorporate an advanced mobile trading platform along with a wide range of other innovative products.

Online Charts, Trading Tools and other Online Platform Features

It would not be much of an exaggeration to say that the charting packages as well as the trading platform in general are not the most comprehensive within the spread betting industry but as already mentioned in this review, in the first quarter of 2012, Gekko are releasing what they are calling the TradeHub which will include a highly improved trading platform as well as an advanced charting package and flexible portfolio margining.

Education Resources

The training at Gekko comes in the form of their Training Academy and it really is very good indeed. It consists of a series of short videos which take their clients through many aspects of spread betting on the financial markets. The videos are just the right length to get the point across without falling into the trap of rambling on, as it is easy to do on these subjects.

There is also a section on trading psychology which again is very impressive, it is surprising that more spread betting firms don’t share more information on this subject as many professional traders would argue that it is the most important part of becoming a successful trader.



Be Sociable, Share!