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MyWikiBiz, Author Your Legacy — Saturday October 05, 2024
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gnuTrade NV(pronounced “noo-trade”) was founded by experienced financial traders who realised that market trading could be easier, more enjoyable and more accessible to the general public if muddled data screens and complex trading methods were simplified.
gnuTrade NV(pronounced “noo-trade”) was founded by experienced financial traders who realised that market trading could be easier, more enjoyable and more accessible to the general public if muddled data screens and complex trading methods were simplified.
Taking these ideas further, they teamed up with expert programmers and design specialists to create a unique, game-like user-interface for displaying financial market data, and new, easy ways to bet on the world markets.
Taking these ideas further, they teamed up with expert programmers and design specialists to create a unique, game-like user-interface for displaying financial market data, and new, easy ways to bet on the world markets.
=== Financial trading and financial gaming ===
gnuTrade NV as a company has the charcteristics of both a trading company and a gaming company. It operates under a strict Netherlands Antilles government licence, which enables it to offer customers financial betting without the costs associated with traditional city institutions. Profits are treated as gaming winnings in many countries and so they may be exempt from capital gains tax. Also, gnuTrade does not charge commissions, transaction fees or trading taxes unlike brokers and city trading firms. This means additional cost-saving benefits to trading customers.
gnuTrade's gaming licence requires it to adhere to strict rules and policies regarding risk management, data security, and accounting procedures. Its payment processing, banking, and accounting are all handled by institutions regulated by the Financial Services Authority in the United Kingdom. Regarding data security, it adheres to strict global practices as set out by the Payment Card Industry Data Security Standards.
