Spread Betting - Financial Spread Betting

Financial spread betting involves speculating on the rise and fall of market prices. For instance, when you take part in spread betting, you can choose a particular company stock on which to bet – will the value of the stock rise or fall in your specified time? Spread betting requires a person to be pretty open to the risk factor, as this is a fast-paced, highly speculative way to invest, you are placing your money at a far greater risk of loss than on other investment tools. Please make sure that you read the terms and conditions of any company you wish to open an account with.

If you wish to speak to someone: Contact Us

COMPANYEST

EST

Date Company Established

COM TYPE

COM TYPE

Fixed or Variable

SPREAD

SPREAD

The spread is the amount of pips between the bidding price and the asking price is called the spread.

INITIAL MARGIN

INITIAL MARGIN

The initial margin is a deposit used as collateral to open a position.

O/N INTEREST LONG

O/N INTEREST LONG

Long overnight interest charges

O/N INTEREST SHORT

O/N INTEREST SHORT

short overnight interest charges

MIN ACCOUNT

MIN ACCOUNT

Minimum Account

MIN TRADE

MIN TRADE

Minimum Trade

BINARY BETTING

BINARY BETTING

Binaries are fast-moving 'yes/no' bets that allow you to deal on the performance of a financial market

FEATURES

FEATURES

Extra features of Spread Betting account

MORE INFO

ETX Capital Spread Betting
ETX Capital Spread Betting

2002
FCA 124721
Fixed / Variable1-4 pips1-50% Depending on contract.+2.5% LIBOR or equivalent+2.5% LIBOR or equivalent$10050p per pointNoNo

Features

Hedging: Yes
Scapling: No
US Citizens: No
API Access: No

ETX Capital Spread Betting
ETX Capital is a spread betting company based in the City of London. Their recently launched trading platform gives you access to the world's markets with minimum bet levels of 50 pence per point to maximum bet levels of £500 per point or more depending on the markets and type of service. ETX additionally offers free advanced spread betting charting packages, educational webinars and seminars. Please make sure that you read all of their terms and conditions thoroughly. If you have any questions contact their customer support team. DETAIL INFORMATION >>Markets

Markets

Stock Index Futures, Daily Stock Indices Daily Rolling Cash Indices, Daily Rolling Future Indices, Currency Futures, Daily Rolling Spot Currencies, UK Shares, US Shares, Euro Shares, Metals, Foodstuffs, Oils, Daily Rolling Commodities, Commodity Futures, Government Bond Futures, Interest Rate Futures.


Orders

Orders

Stop and Limited Orders
Guaranteed Stop Orders with Fee
Contingent Orders


Platform

Platform

Indices, FX, Equities, Commodities, CFDs, Options, ETFs


Services

Services

CFD's, Options, Educational webinars and seminars.
 
Forex Trading: No
CFD Trading: No
Futures Trading: No
Share Dealing: No


Advantages

Advantages

1. Feature rich easy to use trading platform
2. Free integrated advanced charting.
3. Multiple online order types
4. Tight dealing spreads
5. Aggressive leverage rates
6. Low minimum bet sizes
7. One click dealing
8. 24 hour trading


Disadvantages

Disadvantages

1. No US customers
2. No discretionary management
3. No DMA

ProSpreads
ProSpreads

2005
FSC 91368
Fixed0.25–0.5 point5–15% Exchange margin x 5No interest chargesNo interest charges$1000300p per pointNoNo

Features

Hedging: Yes
Scapling: No
US Citizens: No
API Access: No

ProSpreads
Prospreads offer customers a professional platform providing the same functionality as Direct Market Access resulting in a much faster and reliable way to spread bet the major indices, commodities and currencies. Prospreads can offer tight prices, with execution in a fraction of a second and no re-quotes. Please make sure that you read all of their terms and conditions thoroughly before you open an account. If you have any questions contact their customer support team. For more information on ProSpreads click here. DETAIL INFORMATION >>Markets

Markets

CBOT, CME, EUREX, LIFFE, ICE, NYMEX, NYBOT


Orders

Orders

Stop and Limited Orders
Guaranteed Stop Orders with Fee
Contingent Orders


Platform

Platform

Pro Spreads - In House Unique platform providing the same functionality available from a Direct Market Access platform, enabling you to execute a spread bet in a fraction of a second


Services

Services

Spread Betting on Major Indices, Currencies, Commodities and Options
Forex Trading: No
CFD Trading: No
Futures Trading: No
Share Dealing: No


Advantages

Advantages

1. DMA Functionality - The advantages of DMA functionality are numerous and ultimately gives the user advanced trading functionality that professional traders demand when tackling today’s financial markets
2. Speed of Execution
3. No-Requotes
4. Tight Spreads
5. Award Winning Platform
6. Scalping and Hedging


Disadvantages

Disadvantages

1. Experienced Individuals Only
2. No US Citizens – NB – no SB companies allow US Citizens
3. No If Done Contingent Orders
4. No Automated trading or API Access

If you wish to speak to someone: Contact Us

Compare Spread Betting Companies

Financial Spreadbetting

Financial spread betting is one of the simplest way of trading on a financial market. It allows the investor to speculate on price movement of shares, indices, commodities and exchange rates. Like CFDs, spread betting is a derivatives instrument and the spread better is not required to buy the underlying product. He or she can profit from a falling market as well as a rising one. Sport spread betting is offered by numerous companies in Australia but it is not classed as financial instrument – it works similarly but is purely for betting on sports.

How does Spread Betting function?

Predictions on the markets and share prices are made with a specialist financial broker – they usually offer CFDs as well as spread betting. The broker will offer the investor a spread, based on the current selling quote and future buying price that it determines. Next, the investor takes this price and to speculates on the direction of his chosen index value or share price. He can decide to 'bet' that the price will rise – in which case he makes a bet from the offer (or selling price). If he decides to 'bet' that the price will go down – in which case he makes a bet from the bid (or buying price).

Are there differences between CFDs and Spread Betting?

The two types of investment trade sound very similar and indeed they are. But unlike CFDs traders, the spread better does not need to pay commission – that's the main difference. Financial spread betting brokers generally 'swallow' commission. They can do this because they offer a slightly wider spread than the actual market price. CFDs are free of Capital Gains Tax in Australia, while taxation on spread betting is more complicated, see below.

What are the tax laws affecting spread betting?

In Australia, the rules on financial spread betting with regards to tax are a little cagey. IG Index recommends that investors "...seek their own tax advice". According to some reports, the Australian Taxation Office is still reviewing the tax status of spread betting. However there are international companies listed in Britain that can handle Australian customers. They offer the same high-tech platforms which they offer their UK customers – just take a look at the ones listed on Which Way To Pay Australia. To find out exactly how you are affected with regards to taxation on your trades, please speak to the broker directly.

How to compare spread betting providers?

When researching the various spread betting providers on the market you should ensure you investigate the spreads, free education on offer, sign up bonuses and any fees and charges. Many spread betting providers offer you ‘matched deposit’ offers or ‘introductory offers’ which you should ensure you make yourself aware of. It is important when you look into these offers that you are aware of the terms and conditions, providers often have strict terms and conditions on the eligibility of claiming the bonus. Education is also an important element of a spread betting providers offering. Many providers offer free daily updates, webinars, seminars and information which you should take advantage of.

Spread Betting - Latest news News and Charts

Trading to Invest

26 October 2010
Which Way To Pay

There are many ways to invest capital at present, but investment trading is often pushed aside in favor of less risky options.

READ ARTICLE

What Happens If Stock Broker Collapses?

23 June 2010
Which Way To Pay

It is a vital question, regardless of how uncomfortable it may be: what would happen if your stock (or other trade) broker goes into administration?

READ ARTICLE

Financial Spread Betting Basics

30 April 2010
Which Way To Pay

Financial spread betting offers people a fast and straightforward way to trade on a massive range of global markets. Often likened to online gaming, it is in fact officially classed as a financial derivative product.

READ ARTICLE

What is Your Risk Appetite?

22 April 2010
Which Way to Pay

Today there are so many ways to grow your capital including trading live on global markets. Which instruments you choose is up to you – while the element of risk is worth bearing in mind.

READ ARTICLE