When it comes to finding a spread betting broker, we all want to have a reliable one so we could concentrate on our trading rather than dealing with the problems.
The thread covers the aspects of finding a good and reliable spread betting company.
#trading
independentinvestor.com/spread-betting…
The thread covers the aspects of finding a good and reliable spread betting company.
#trading
independentinvestor.com/spread-betting…
Research
You only want to deal with a good broker so it would be a good idea to check forums and review sites to see what other spread bettors have to say about companies you are considering. It will take just a few minutes of your time but will pay off in the long run.
You only want to deal with a good broker so it would be a good idea to check forums and review sites to see what other spread bettors have to say about companies you are considering. It will take just a few minutes of your time but will pay off in the long run.
Spreads
Broker market is very competitive and spread traders surely benefit from this as spread betting providers had to cut their spreads to almost 0. If you're a long term trader you also have to pay overnight financing on top of spreads.
Broker market is very competitive and spread traders surely benefit from this as spread betting providers had to cut their spreads to almost 0. If you're a long term trader you also have to pay overnight financing on top of spreads.
Leverage
Not much to add here as all FCA regulated financial spread betting brokers have to limit the amount of leverage they can provide to retail traders. Professional traders on the other hand can have lower margin requirements.
Not much to add here as all FCA regulated financial spread betting brokers have to limit the amount of leverage they can provide to retail traders. Professional traders on the other hand can have lower margin requirements.
Regulations
When looking for a spread betting broker, make sure they are authorised and regulated by the FCA. You might be tempted to trade with unregulated ones but you'll pay for it later. ONLY trade with regulated brokers.
When looking for a spread betting broker, make sure they are authorised and regulated by the FCA. You might be tempted to trade with unregulated ones but you'll pay for it later. ONLY trade with regulated brokers.
Trading Platform
Even though most of the systems will have similar design and features, it's worth looking around and find a platform which you're comfortable with and provides all the tools and charting you need for successful spread betting.
Even though most of the systems will have similar design and features, it's worth looking around and find a platform which you're comfortable with and provides all the tools and charting you need for successful spread betting.
Value Added Services
Since spread betting brokers are not allowed to offer bonuses now, they compete by providing extra features for free; features like free forex signals, advanced charting package, social trading, economic calendar and many more.
Since spread betting brokers are not allowed to offer bonuses now, they compete by providing extra features for free; features like free forex signals, advanced charting package, social trading, economic calendar and many more.
It's worth comparing spread betting brokers and see what's available on the market to make sure you can trade with a spread betting company you can trust and take advantage of the free features on offer.
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