Spread Betting on BP Shares (BP.L)

Support: +44 (0) 203 301 0483 | support@financialspreads.com
Financial Spreads: Spread Betting and CFD Trading

Where Can I Spread Bet on BP?

Financial Spreads offers investors a wide range of equity markets such as BP, Rolls-Royce, Exxon Mobil and E.On, together with other UK, American and international shares.

Where Can I Access Live Prices for the BP Market?

Financial Spreads offers real time pricing on over 1,000 spread betting and CFD markets like BP and a variety of other equities, stock markets, currencies and commodities prices.

Where Can I Get Live BP Charts?

When trading with a Financial Spreads account clients can make use of real time charts for BP and over a thousand other CFD and spread betting markets.

As well as multiple display styles, the package also comes with a wide array of advanced options:
Example share spread trading chart:

Shares Spread Betting Charts



How to Financial Spread Bet on BP

As an example, let's say you sign into the Financial Spreads site and see a price of:

  BP Rolling Cash Sell

452.88
Buy

453.67


This is an example of how it works...

Market:BP Rolling Cash
The Quote:452.88p - 453.67p
How the Trade Works:Now you can speculate on the BP Rolling Cash market going:

  Spread Betting Above 453.67p, or
  Spread Betting Below 452.88p

This is a 'Rolling' spread bet which means that there is no closing date. If you decide not to close your position and the session ends then your trade will roll over into the next trading session.

Note that if a trade does roll over then you will either receive or pay interest for overnight financing based upon whether you are betting on the market to move lower or higher. For further information also see Rolling Spread Betting.
Traded Units:Spread betting trades on the BP market are made in £x per penny price movement.

E.g. if BP moves 35p then you would lose / win 35 multiples of your stake.
Stake Size per Unit:You work out how much you would like to stake per penny, e.g. £2 per penny, £5 per penny, £15 per penny etc.
Simplified Trading Exercise:With that in mind, if you went with a stake of £4 per penny and BP moves by 34p, you would gain or lose £4 per penny x 34p = £136.


Worked Example - Going Long of BP

Spread betting on the UK share to go up in value

You Decide to Go Long or Short: BP moving:

  Spread Betting Above 453.67p? or
  Spread Betting Below 452.88p?

Let's Say You Want to Buy:   Spread Betting Above 453.67p
You Decide Your Stake, Opting for: £10 per penny
So What Now?
  • You will make £10 for every penny BP pushes higher than 453.67p
  • You will lose £10 for each penny BP falls lower than 453.67p
If You Are Betting on a Market to Increase Your P/L = (Closing Price - Opening Price) x stake
 
Example 1
BP climbs and the market is revised to 468.41p - 469.20p. I.e.   468.41   469.20
Close and Take Your Profit? At this point, you may opt to keep your bet open or close it for a profit. In this case you decide to close your position by selling at 468.41p.
Your P/L = (Closing Price - Opening Price) x stake
(468.41p - 453.67p) x £10 per penny
14.74p x £10 per penny
Your P/L = £147.40 profit
 
Example 2
BP falls and the financial spread betting market is revised and set at 440.51p - 441.30p. Therefore Financial Spreads would show:   440.51   441.30
Limit the Loss? At this point, you may choose to leave your bet open or close it, i.e. close your position to restrict your losses. In this example you choose to settle your position and sell the market at 440.51p.
Your P/L = (Closing Price - Opening Price) x stake
(440.51p - 453.67p) x £10 per penny
-13.16p x £10 per penny
Your P/L = -£131.60 loss


Worked Trading Example - Selling BP

Financial spread trading on the UK share to decrease in value

You Now Decide Whether to Buy or Sell: BP to go:

  Spread Betting Above 453.67p? or
  Spread Betting Below 452.88p?

Let's Say You Want to Sell:   Spread Betting Below 452.88p
You Decide Your Stake Size, Let's Assume You Select: £15 per penny
What Now?
  • You will lose £15 for each penny BP moves higher than 452.88p
  • You will make £15 for each penny BP goes lower than 452.88p
When You Sell a Spread Bet Your P/L = (Opening Price - Closing Price) x stake
 
Example 3
BP pushes lower and the spread betting market is revised and is set at 443.99p - 444.78p, so you'd see:   443.99   444.78
Take Your Profit? At this point, you may choose to keep your spread bet open or close it, i.e. close your trade for a profit. In this example you opt to close your position and buy at 444.78p.
Your P/L = (Opening Price - Closing Price) x stake
(452.88p - 444.78p) x £15 per penny
8.10p x £15 per penny
Your P/L = £121.50 profit
 
Example 4
BP rises and the spread trading market changes to 459.31p - 460.10p, i.e. on Financial Spreads you'd see:   459.31   460.10
Time to Restrict the Loss?At this point, you may decide to let your trade run or close it in order to restrict your losses. In this example you opt to close your bet and buy the market at 460.10p.
Your P/L = (Opening Price - Closing Price) x stake
(452.88p - 460.10p) x £15 per penny
-7.22p x £15 per penny
Your P/L = -£108.30 loss

Where Can I Practice Financial Spread Betting on BP?

FinancialSpreads.com gives traders the ability to test new trading ideas by using a free Practice Account, demo markets include BP.

The Practice Account is not restricted to the market above; traders are also able to gain experience on a range of currencies, commodity markets, stocks and stock market indices.

Open a Free CFDs and Spread Betting Demo Account


More on BP plc (BP)



A common ticker code for BP is 'BP' however 'BP.L' and 'LON:BP' are also used.

For more news and information on the UK firm, also see: Financial Spreads is not responsible for the content of external / third party websites.


Contact Customer Support

+44 (0) 203 301 0483
support@financialspreads.com

Also see:
80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Spread betting & CFDs trading are complex instruments & come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading these products with this provider. You should consider whether you understand how these products work & whether you can afford to take the high risk of losing your money. Click here to see the risk warning notice.