Choosing a Financial Spread Betting Company
The list of financial spread betting companies around is quite extensive. Some established and reputable spread betting companies include ETX Capital, Capital Spreads, City index, CMC Markets and a few too many to list.
When choosing a spread betting company, individuals make their choices based on many factors. However, there are several factors for everyone to consider before you spread bet.
Stability and Regulation
As a small trader, this is one of the most important factors. It is imperative to ensure that the company you are dealing with is reliable and offer a stable trading platform. Make sure the company is authorised and regulated by the FSA (Financial Service Authority) or a known authority.
Range of Market, Narrow Spread & General Functionality
Even though, most spread betting companies offer a wide range of markets such as individual equities and stock indices, foreign exchange, bonds, commodities and interest rates, you will still have to ensure that the company provide the spread services that you required.
Stop Loss
Activating the Stop Loss is a feature which will limit your risk. This is very important during volatile market situation, when the market movement is against you and your bet will be closed once the market hits your stop loss level. Read the rules of each spread betting companies thoroughly as each firms have different rules for Stop Loss facility.
New Account Offers
There are new account offers for most spread betting companies. However, these offers are subject to terms and conditions of each individual company. Different companies will have their own promotion mechanisms and rewards based on the deposited amount.
Every financial spread betting company has its own advantages and dis-advantages. The choices are based own individual preferences. Choose the most suitable company based on your preferences and you can always change if you are not satisfied with their services.
Personally I use ETX Capital’s trading platform which is browser based.
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