Financial Spread Betting News Information Tips

Joan Weisman asked:




When you are working to trade stocks in financial spread betting you can look to handle this trading option online. A good online platform program for betting on spreads should be used. Here is how you can use one of these platforms.

First you will need to log into your platform. You can get an account and password from the group that you will be working with for your financial spread betting needs.

Next you can take a look at the different types of bets that are available. In addition to looking into the spreads you already have you can also look around different types of investments that your trading group has to offer. It will be very important to be sure that your platform has a secure online connection that will offer you real time information.

When you do find a position that you are interested in getting into you can use your platform to open a position. A typical software platform will have a link that allows you to open a position and to set your parameters including whether you are going to buy or sell the position and at how much money per point your position will be worth.

After you choose to open a position you will need to set stop orders for it. You can easily handle this by entering in the level that is against your prediction that you want to sell your order with. Some platforms will have calculators that can be used to help you find out what your potential losses could be with certain stop orders.

Finally when you close a position in financial spread betting you can have one of two options. You can either choose on your platform to get a position closed or you can wait for the stop order to come into effect if your position is losing.

Some platforms will have special features that you can use for online financial spread betting. These include setting up watch lists where you can monitor progress on certain spreads of interest to you and setting parameters where a position will be placed when an investment gets to a certain value level.

When getting into financial spread betting online you will need to use a good trading platform. This software program should be one that is easy to use and will allow you to open and close positions and set up bet orders with ease.



Joel

Andy Richardson asked:




Spreadex is a spread betting company that was founded just over ten years ago, in 1999. Sports betting is featured as much as financial spread betting, and the guiding principle for the operation is that spread betting should be user-friendly. Over 10% of the UK’s spread betters apparently agree that this has been achieved and use Spreadex by choice.

In 2006 the company provided online sports betting, and a year later followed up with online financial trading. It still provides excellent telephone trading. It is registered with and regulated by the Financial Service Authority (FSA). The quoted spreads are not the most competitive, but the margin requirements are good.

Spreadex is based out of St Albans, unlike the majority of UK companies which operate in the financial hub, London. This doesn’t affect their service, however, and most traders speak well of the company. Spreadex offers a sign on bonus at the moment which is worth up to £200. It simply covers any losses incurred during the first two weeks of trading, up to the value of £200, and this is automatically applied after fourteen days. This applies to open positions too, unlike some other bonuses which only cover completed trades and realized losses. The only requirement is that you place a minimum of five trades during that period.

Spreadex allows accounts to be Euro or US dollar based too, which avoids the uncertainty of currency manipulations. In this case, the bonus offer covers 200 units of the chosen currency. Incidentally, there is a parallel offer for sports betters, who get two £100 football bets as a bonus.

One minor grouse is that you cannot open a position and set a stop loss at the same time. You must first have the position open and then set your limit order or stop. There is no limit on buying the same contract repeatedly, but if you want to simultaneously go short, you must choose a differently dated contract, otherwise your order will be interpreted as closing the initial position. Incidentally, when your stop order closes the position it can take a few minutes to be cleared from the screen, making you wonder if the order has gone through.

Conclusion and Overall Summary of Spreadex’s Offering

In summary, it looks as if Spreadex is set to continue to grow and attract more of the spread betting market. The platform is available from any internet connected computer, and is user-friendly. There is a good range of financial products, including indices, shares, commodities, bonds, interest rates and Forex, and the spreads are acceptable. We rank Spreadex as good value and worth a look.



Eddie

Adam Jepsen asked:




We compare these companies in the UK and show the different services on offer. To compare spread betting companies in the UK you need to understand the basics of spread betting.

About Financial Spread Betting

Clean Financial.com provides you free online information on the UK financial spread betting market. Financial spread betting allows you to bet on the key financial markets. Spread betting can give you an edge because the profits that you make from financial spread betting are tax free*

Spread Betting Companies in the UK

Cantor Index: Cantor Index is one of the leading companies; they offer online financial spread betting services, 24 hour online trading and a mobile phone spread betting platform. They also provide financial spread betting with a “competitive pricing strategy”.

Capital Spreads: Capital Spreads is the spread betting arm of the AIM listed company London Capital Group. They aim to provide tight spreads to their customers. They also have a stop-loss facility to help you minimize your risks on losing bets.

City Index: City Index also offer you a number of benefits if you open a financial spread betting account with them. A convenient, fast, flexible trading platform allows you to back a market or product, it also allows you to short (bet against) a market or product.
CMC Spread Betting: CMC Markets delves into the derivates trading market. It offers online financial spread betting services including quarterly future spread betting services. They let customers manage their risk by minimizing loses with a Controlled Risk Bet.

Financial Spreads: FinancialSpreads.com offer a wide range of markets with stop losses and those all important narrow / tight spreads. FinancialSpreads also provides simple free access to live data and charts.

Finspreads is a UK based spread betting company that offers interactive online trading for it’s customers. Some of the interesting features it offers are its Auto Rollover System and Advance Trade Closure.

IG Index: A UK spread betting company, IG Index provides online and mobile spread betting services, access to financial markets and competitive prices on financial spreads.
Trad Index: TradIndex also provides online trading combined with wide ranging market information. You only need a small deposit to open an account. They also offer stop loss facilities to customers.

www.cleanfinancial.com is a leading online financial spread betting website that gives extensive information and useful tips on the UK and Ireland spread betting markets.

Lois