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Gekko Global Markets (formerly known as VDM Markets), a joint venture between SYCAP Group AB and the Dutch company Van der Moolen Holding N.V. is one of the latest entrants to the spread betting market. The trading platform powering Gekko is provided by SYCAP Group AB which is a software development firm that specialises in online trading solutions. Gekko is also tied to the Swedish outfit IFlexMarkets
Tags: gekko, gekko global market, iflexmarkets, sycap group, van der moolen, vdmarkets
Posted on May 22nd, 2009 at 7:30 pm
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3.3Advantages:
simple nice platform
Disadvantages:
crashing software
I closed my account with VDM as their platform kept crashing and cost me a fair bit of money. Not had one person ask why I closed the account or any offers to come back. Having said I did like the relative simplicity of opening and closing the trades – well when it worked
Posted on July 4th, 2009 at 12:23 pm
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2.8Advantages:
hmm at least they are legitimate
Disadvantages:
bad slippage
There were severe performance issues in the form of slippage. They were slipping me badly on everything even at low stakes. I asked them to close my account but they requested ID to transfer the money back. In the meantime they froze my account. They said the ID was required by the FSA. I didn’t send it in for a few weeks – they followed it up and I said I’d be willing to give them another go and see if they had cleared the issues up. At that point they said they were not going to allow me to continue, they were closing the account and I would have the money transferred back immediately without the ID needed.
Posted on August 23rd, 2009 at 7:31 pm
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3.8Advantages:
no re-quotes, fast platform
Disadvantages:
spreads could be better
I’ve never had any significant slippage issues and I have been trading for year through the Swedish outfit IFlexMarkets. VDM’s platform does seem to work very quickly, with no requotes or rejections, but the variable spreads on indices are is annoying. Great execution model, must be one of the best out there. I just wish the spreads on some of the instruments were a little bit better.
Posted on September 14th, 2009 at 9:45 am
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3.8Advantages:
well laid out platform, quite fast in executing trades, stakes with fractions are supported
Disadvantages:
spread aren’t the best, quirky name, somewhat new unproven company
Gekko Global Markets sounds very spivvy…
I like Wall St and my favourite character is Gordon Gekko so I’ll call my spread betting company that! Will they be taken seriously with that name?
On the plus side their platform is easy and well laid out, certainly for what I do anyway. The platform appears to work faster than any other spread betting provider set-up I’ve tried, for logging on, displaying charts and (usually) executing trades. IG has far more bells and whistles, but can be painfully slow at times.
GG Markets supports stakes with fractions – spreads are a bit painful though, trading/betting penny’s, fat spreads don’t cut it.
Posted on January 1st, 2010 at 1:14 pm
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3.5Advantages:
Disadvantages:
Gekko have 1.5 point spread on FTSE & 2.0 point spread on DAX. However, they are gradually opening spreads wider, so I have stopped using them, although you can trade between 20p and 30p per point.