Leading financial spread betting provider Spreadex has followed its new platform launch and expansion into 24-hour-trading by cutting spreads on its five most popular financial markets.
Spreadex’s UK 100,
Daily, Spot EUR/USD and Germany 30, Daily markets have all been reduced to 1 point while its Wall St, Daily and Spot GBP/USD markets have been cut to 2 points.
Spokesman Andy MacKenzie said: “We’ve had a great response to our move into 24-hour trading and to many of the features of our new platform such as one-click dealing, the ability to switch between pairs or standard view and a fully customisable trading layout.
“We hope that the reduction in spreads on our top-line markets will please customers further, particularly as many clients can also trade on these markets via a credit limit if they wish.”
Trades on Spreadex’s UK 100, Wall St, Germany 30, EUR/USD and GBP/USD markets make up more than 50% of its overall financial trades placed.
Spreads have been cut on the above-mentioned markets during main market opening hours and revert to wider spreads during out-of-hours times, as is normal practice for the industry.
Full details of the out-of-hours spreads can be found via
http://www.spreadex.com/financials/one-point-spreads/
Editor’s note: In relation to spread betting, Spreadex Ltd is authorised and regulated by the Financial Services Authority. Spread betting carries a high level of risk to your capital and can result in losses larger than your initial stake/deposit. It may not be suitable for everyone, so please ensure you fully understand the risks involved.
In relation to fixed odds, Spreadex Ltd is licensed and regulated by the Gambling Commission under licence number 000-008835-R-104580-004. In relation to casino betting, Spreadex Ltd is operating under an AGCC approved Business Association with AGCC Class II License Holder, Chartwell Games (Alderney) Ltd, License #068.
About Spreadex: Spreadex Ltd is a financial and sports spread betting and sports fixed odds betting firm, which specialises in the personal service and credit area. Founded in 1999, Spreadex is recognised as one of the most experienced spread betting firms in the industry with a strong reputation for its high level of customer service and account management.
Other recent financial spread betting updates from Spreadex:
Expands sports service with each way betting with each way betting. After first launching sports fixed odds betting in May 2010, this was upgraded to include accumulators and multiple bets last year and has now been expanded to include each way betting on all UK and Irish race meetings as well as outright prices on golf and other sports.
Predicted first day Facebook IPO ‘bubble’. Financial spread betters are predicted that the price of Facebook shares would increase in value by more than 40% after their first day of trading. Estimates of the initial price of shares at launch anything from $36 to $40 dollars, clients had speculated that shares could end trading above $56 after their first day.
Top 25 UK locations for spread betting revealed: Spread betting remains predominantly a pursuit for those living in the capital, according to statistics from one of the industry’s leading players. Spreadex profiled the source of traffic to its website over the last six months.
The difference between financial and sports spread bettors is analysed: Financial spread bettors are, on average, slightly older, slightly more wealthy and more likely to live in the south east compared to their sports spread betting counterparts. Spreadex compiled analysis of its financial and sports client base.
