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MyWikiBiz, Author Your Legacy — Saturday October 05, 2024
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== About the company ==
== About the company ==
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 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 ===
=== Financial trading vs 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 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.
