Spread Betting on Prudential Shares (PRU)

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Financial Spreads: Spread Betting and CFD Trading

Where Can I Spread Bet on Prudential?

A Financial Spreads account provides investors with a range of shares such as Prudential, Unilever, Wal-Mart and Orange, plus a broad selection of other international equities.

Where Can I Access Live Prices for the Prudential Market?

With a FinancialSpreads account investors are able to speculate on over a thousand real-time CFD trading and spread betting prices such as Prudential and a wide range of other equities, currencies, stock markets and commodities prices.

Where Can I Get Live Prudential Charts?

With a FinancialSpreads account clients can make use of real time candlestick charts for Prudential and numerous other CFD and financial spread betting markets.

Along with several display styles, the package has a wide array of advanced functions:
Sample FinancialSpreads shares candlestick chart:

Shares Spread Betting Charts



A Guide to Financial Spread Betting on Prudential

Let's say you look at the Financial Spreads site and the platform is showing a price of:

  Prudential Rolling Cash Sell

1597.4
Buy

1600.6


Here's a guide to how it works...

Market:Prudential Rolling Cash
The Spread:1597.4p - 1600.6p
How the Spread Works:You can spread bet on the Prudential Rolling Cash market moving:

  Spread Betting Higher than 1600.6p, or
  Spread Betting Lower than 1597.4p

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

Note that if a trade is rolled over then you will either pay or receive a small fee for overnight financing based upon the direction of your spread bet. For more details see Rolling Spread Betting.
Points (Units) Traded:Spread trades on the Prudential market are priced in £x per penny price movement.

E.g. if Prudential moves 50p then you would win or lose 50 times your stake.
Trade Size:You choose how much you want to trade per penny, e.g. £2 per penny, £4 per penny, £20 per penny etc.
Quick Staking Exercise:If you had a stake of £4 per penny and Prudential moves by 27p, you would lose or gain £4 per penny x 27p = £108.


Worked Spread Betting Example - Buying Prudential

Financial spread betting on the equity to move up

You Work Out Whether to Go Long or Short: Prudential to move:

  Spread Betting Higher than 1600.6p? or
  Spread Betting Lower than 1597.4p?

You Might Want to Buy:   Spread Betting Higher than 1600.6p
You Decide How Much to Risk, Choosing: £3 per penny
Now What Happens?
  • You will win £3 for each penny Prudential pushes higher than 1600.6p
  • You will lose £3 for every penny Prudential pushes lower than 1600.6p
If You Are Speculating on a Market to Increase Your P&L = (Closing Price - Opening Price) x stake
 
Scenario 1
Prudential goes higher and the spread trading market is revised and moved to 1664.6p - 1667.8p, i.e. you would see:   1664.6   1667.8
Lock in a Profit? You can opt to keep your spread bet open or close it and take your profit. In this example you choose to settle your position and sell the market at 1664.6p.
Your P&L = (Closing Price - Opening Price) x stake
(1664.6p - 1600.6p) x £3 per penny
64.0p x £3 per penny
Your P&L = £192.00 profit
 
Scenario 2
Prudential moves lower and the market is revised and set at 1544.6p - 1547.8p:   1544.6   1547.8
Close and Restrict Your Loss? You may decide to leave your bet open or close it and limit your losses. In this case you decide to close your bet by selling at 1544.6p.
Your P&L = (Closing Price - Opening Price) x stake
(1544.6p - 1600.6p) x £3 per penny
-56.0p x £3 per penny
Your P&L = -£168.00 loss


Spread Betting Example - Taking a Short Position on Prudential

Online spread betting on the equity to fall

You Now Consider Whether to Go Long or Short: Prudential to push:

  Spread Betting Higher than 1600.6p? or
  Spread Betting Lower than 1597.4p?

Let's Say You Decide to Sell:   Spread Betting Lower than 1597.4p
You Choose Your Stake, Let's Assume You Opt For: £4 per penny
What Happens Now?
  • You will lose £4 for every penny Prudential increases higher than 1597.4p
  • You will win £4 for every penny Prudential decreases lower than 1597.4p
If You Sell a Market Your P&L = (Opening Price - Closing Price) x stake
 
Scenario 3
Prudential drops and the financial spread betting market becomes 1539.9p - 1543.1p. Therefore Financial Spreads would show:   1539.9   1543.1
Take Your Profit? At this point, you could choose to keep your trade open or close it, i.e. close your position for a profit. In this example you choose to close your position by buying the market at 1543.1p.
Your P&L = (Opening Price - Closing Price) x stake
(1597.4p - 1543.1p) x £4 per penny
54.3p x £4 per penny
Your P&L = £217.20 profit
 
Scenario 4
Prudential rises and the spread betting market is moved to 1641.7p - 1644.9p. I.e. you'd see:   1641.7   1644.9
Time to Limit Your Loss?At this point, you can choose to leave your trade open or close it to restrict your loss. In this instance you opt to close your trade by buying at 1644.9p.
Your P&L = (Opening Price - Closing Price) x stake
(1597.4p - 1644.9p) x £4 per penny
-47.5p x £4 per penny
Your P&L = -£190.00 loss

Where Can I Practice Financial Spread Betting on Prudential?

Financial Spreads provides a free Practice Account which means investors can practice trading, test new trading theories, view real time charts and use trading orders on markets including Prudential.

The Financial Spreads Demo Account offers a wide variety of markets including stocks, stock market indices, commodity markets and exchange rates.


More on Prudential plc (PRU)



A common ticker code for Prudential is 'PRU' however 'PRU.L' and 'LON:PRU' 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.


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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.