Founded in 1999: Spreadex is a UK-based financial spread betting company.
Regulated by FCA: Spreadex is regulated by the Financial Conduct Authority (FCA) in the UK.
Financial Spread Betting: Spreadex offers spread betting on a wide range of financial markets, including stocks, indices, forex, and commodities.
Fixed Odds Betting: In addition to spread betting, Spreadex also offers fixed odds betting on sports and other events.
Online Trading Platform: Spreadex provides an online trading platform that allows clients to trade from their desktop, mobile, or tablet.
Risk Management Tools: Spreadex offers a range of risk management tools, including stop-loss orders and limit orders.
Customer Support: Spreadex provides customer support via phone, email, and live chat.
Tight Spreads: Spreadex offers competitive spreads on a wide range of markets, including major currency pairs and indices.
Zero Commission: Spreadex does not charge commission on trades, instead making its revenue from the spread.
Award-Winning Platform: Spreadex has won numerous awards for its trading platform, including Best Spread Betting Provider and Best Mobile Trading Platform.
My Personal Experience with Spreadex Financial Spread Betting
As a novice trader, I was intrigued by the concept of financial spread betting. I had heard of it, but never really understood how it worked. So, I decided to take the plunge and open an account with Spreadex, a well-established online broker. In this article, I’ll share my personal experience with Spreadex financial spread betting, including the ups and downs, and what I learned along the way.
What is Financial Spread Betting?
Financial spread betting is a way to speculate on the movement of financial markets, such as stocks, indices, forex, and commodities, without actually owning the underlying assets. With Spreadex, I could bet on whether a market would rise or fall in value, and the amount I could win or lose would depend on the magnitude of the price movement.
Creating an Account
To get started, I visited the Spreadex website and filled out the registration form. Within minutes, I received an email with login credentials to their online platform. I deposited an initial amount of $1,000, which is the minimum required to open a Spreadex account.
Platform Features
The Spreadex platform is user-friendly and feature-rich. Some of the key features that stood out to me included:
Real-time prices
: I had access to real-time prices for all markets, allowing me to make informed trading decisions.
Stop-loss orders
: I could set stop-loss orders to limit my potential losses and lock in profits.
Technical analysis tools
: The platform included a range of technical analysis tools, including charts, to help me analyze market trends.
My First Trade
I decided to start with a trade on the FTSE 100 index. I had a feeling that the market would rise in value, so I placed a buy order for £10 per point. This meant that for every point the FTSE 100 rose, I would win £10, and for every point it fell, I would lose £10. I set a stop-loss order at 10 points below my entry price to limit my potential losses.
Trade Result
After a few hours, the FTSE 100 had risen by 15 points. I closed my trade, making a profit of £150 (£10 per point x 15 points). I was thrilled with the result, but I knew that this was just one trade, and I needed to be cautious and disciplined in my trading approach.
Risks of Spread Betting
One of the biggest risks is that losses can be unlimited. If the market moves against me, I could lose more than my initial deposit. This is why it’s essential to set stop-loss orders and limit my position size.
Spreadex Fees
Spreadex doesn’t charge commissions or broker fees. However, they do make money through the difference between the buy and sell prices they offer, known as the spread. This spread is typically around 1-2 points for major indices and forex pairs.
Final Thoughts
If you’re considering financial spread betting with Spreadex, here are some final thoughts to keep in mind:
Educate yourself
: Take the time to learn about financial markets, trading strategies, and risk management techniques.
Start small
: Begin with small trades and gradually increase your position size as you gain experience.
Stay disciplined
: Avoid impulsive decisions based on emotions, and stay focused on your trading plan.
Glossary of Key Terms
Term
Definition
Financial Spread Betting
A way to speculate on financial markets without owning the underlying assets
Frequently Asked Questions:
Getting Started
What is financial spread betting?
Financial spread betting is a type of speculative trading that allows you to take a position on the price movement of a financial market, such as stocks, shares, forex, or commodities. You don’t own the underlying asset, instead, you’re predicting whether the market will rise or fall in value.
Do I need to open a trading account?
Yes, to start financial spread betting, you need to open a trading account with Spreadex. This is a simple and secure process that can be completed online. You’ll need to deposit funds into your account before you can start trading.
Trading
With Spreadex, you can trade a wide range of markets, including:
* Indices: FTSE 100, Dow Jones, S&P, and many more
* Individual company shares, such as Apple or Google
* Major currency pairs, such as EUR/USD, GBP/USD
* Commodities, such as Gold, Oil, Natural Gas, and more
How do I place a trade?
To place a trade, simply log in to your Spreadex account, select the market you want to trade, choose your stake size, and decide whether you think the market will rise or fall in value. You can set a stop-loss to limit your potential losses.
What is a stop-loss?
A stop-loss is an order that automatically closes your trade when the market reaches a certain level, limiting your potential losses. You can set a stop-loss when you open a trade, or later, when the market is moving in your favor.
