FinancialSpreads Fixes Spread Betting Markets for Two Years
FinancialSpreads, a UK multi-asset trading firm, have fixed their spread betting and CFD markets for the last two years.
Using the FinancialSpreads platform, investors can speculate on thousands of markets such as EUR/USD, gold, crude oil, the Twitter share price
and whole stock market indices.
The prices offered by FinancialSpreads track the underlying instrument e.g. the Royal Mail share price. Clients do not pay any stockbroker fees, the company's commission is built into the 'spread', i.e. the difference between the buy and sell price of a particular market.
Therefore, the tighter the spread, the lower the trading cost for investors.
FinancialSpreads has kept its spreads tight and its in-hours spreads 'fixed' for the whole of 2012 and 2013. This means that investors have been able to consistently trade popular markets like EUR/USD, EUR/GBP, the UK 100, Wall Street and the Germany 30 with just one point spreads.
According to Adam Jepsen, Spokesman for Financial Spreads, some providers prefer to offer their clients 'fixed' spreads, and other providers prefer 'variable' spreads, but both options have their merits.
"We provide clients with fixed spreads. Some other companies may offer variable spreads and, on those platforms, investors can expect a spread that can, at times, be as low as 0.8 points.
"The trade off is that variable spreads on the same market will sometimes be as high as 3 or even 5 points, depending upon the market being traded and the level of volatility.
"Variable spreads can be tighter when the markets are quiet whereas fixed spreads
can be better for investors during volatile market conditions.
"As an investor myself, it's also annoying when you want to close a trade only to find a spread that is wider than you expected. When that happens, your profits are smaller, or losses larger, than they might otherwise be.
"Having kept our prices fixed for the last two years, even during volatile periods, we have been able to give our clients both tight spreads and clear pricing."
Throughout 2012 and 2013, the spreads offered on the FinancialSpreads trading platform were fixed 100% of the time during trading hours.
Spread betting and CFD trading carry a high level of risk to your capital and can result in losses that exceed your initial deposit. They may not be suitable for everyone, so please ensure that you fully understand the risks involved.
Investors using the FinancialSpreads trading platform can trade over 2,500 spread betting and CFD markets.
There are no stockbroker commissions on either the spread betting or CFD markets and investors can speculate on markets to go up or down.
Many popular markets are offered 24 hours a day from 23:00 on Sunday evening to 21:15 on Friday evening, including more than 35 forex markets, the UK 100, Germany 30, gold, silver and crude oil.
Financial Spreads is a trading name of London Capital Group Ltd (LCG) which is authorised and regulated by the Financial Conduct Authority. LCG is a company registered in England and Wales under registered number: 3218125. Registered address, 2nd Floor, 6 Devonshire Square, London, EC2M 4AB.
Original press release: February 2014
- as of 14 Sept 2015, Financial Spreads is a trading name of Clear Investor Ltd. which is an appointed representative of FINSA Europe Ltd., company no: 07073413. FINSA Europe Ltd. is authorised and regulated by the Financial Conduct Authority, registered number 525164. Registered Address: 9th Floor, 30 Crown Place, London, EC2A 4ES, UK.
The information and comments provided herein under no circumstances are to be considered an offer or solicitation to invest and nothing herein should be construed as investment advice. The information provided is believed to be accurate at the date the information is produced.
By CI, 5 February 2014