Sydney, 27 Oct, 2009 – Contract-for-difference (CFD) market maker, GFT, has gained the maximum five-star rating in three categories of the Canstar Cannex first-ever comprehensive analysis of CFD services in Australia.
Of the 16 CFD providers that the research and ratings firm reviewed, GFT is one of only three to be awarded a five-star rating. GFT gained the top rating for its Gold and Silver DealBook® 360 account packages for full-time traders and for its Silver DealBook® 360 account package in the category for part time traders.
Canstar gives five stars only to the top five percent of products it reviews, classifying them as 'outstanding value.'
GFT President & CEO Gary L. Tilkin welcomed the ratings news. "From its pioneering days of establishing one of the world’s first online trading systems for spot forex, GFT has sought to provide the best trading platform, tools, education and services. Assisting traders in this way helps us to keep them as long-term customers, so gaining this independent recognition shows we are achieving what we set out to do."
"Further evidence of GFT's service quality is reflected from the demand for our services. Globally, our CFD notional trading volume, grew more than 209 per cent between the second quarter of 2008 and the second quarter of 2009 and last month GFT was listed for the third consecutive year as one of the fastest-growing companies in America." (Inc. 5,000 list)
Mr. Tilkin said GFT's most popular contracts are the major indices, both cash and futures. These are also GFT's most aggressively priced instruments, and its largest range of offerings. "We offer indices from more than 20 countries, many with 24-hour trading," he said.
"This year we have lowered spreads on some markets that are in strong demand – for instance you can trade India for as low as two points," Tilkin noted, adding that this has happened at a time when others have increased spreads due to the volatile markets.
"We continue to increase the trading tools, investment choices and support we offer. In the past year we have expanded the commodities you can trade through CFDs, including spot oil and cost of living indices, and expanded our range of equities CFDs – for instance you can now trade 40 South African companies after the Australian stock market closes each day," Mr. Tilkin said.
Further details of the Canstar Cannex CFD provider analysis and ratings at: http://www.canstar.com.au/contract-for-difference/.
About GFT
GFT offers spot currency trading and contracts for difference (CFDs) in Australia. It opened offices here in 2005. Previously known worldwide as GFT Global Markets and Global Forex Trading, the company streamlined its brand in 2008 and is now referred to as simply 'GFT'. Founded in 1997, the group was a pioneer in online currency trading and is now is a worldwide provider of real–time dealing, pricing and comprehensive services for financial traders. It offers currency (forex) and futures trading in the US, CFDs, spread betting and forex in the UK, and serves a customer base in more than 100 countries through its DealBook® suite of trading software, including its 360, WEB and Mobile trading platforms and 24–hour, 5.5-days-a-week dealing desk operation. It offers a specialist forex information site, www.FX360.com to traders. The company's world headquarters is in Ada, Michigan, with global offices located in Chicago, New York, Tokyo, Sydney, Australia, Singapore and London (London office operated through GFT Global Markets UK Ltd.).
