Spread Betting Comparison: IG Index versus ETX Capital
IG Index were the first spread betting provider to launch many years ago. They still lead by market share and have the best trading platform - overall and also offer PDA, mobile and iPhone dealing.
IG Index also list lots of AIM and small cap stocks. Another pro is that they do lots of far months, for instance, now you can trade March, June, Sept. Some spread betting don't offer the September far month for instance; heck CMC Markets even discontinued the futures contracts sometime ago!
The margins are also competitive. There are lots of good reasons. The real question is why choose ETX Capital? Perhaps because they have better spreads on some markets?
I have a credit account with IG Index so don't need to have funds on account. To be eligible for a credit account you need to show IG evidence of sufficient liquid funds. A credit account is handy as you don't have to constantly make margin payments but beware that if your account is substantially in the red, they will still want you to cover quickly! In the main I don't make use of the limited risk account or guaranteed stop loss facilities.
In any case as far as spread differences go, this is one area to consider. It is useful to phone up IG Index and ETX Capital and request price for the same stock. There won't be much difference but it's worth checking anyway since the size of the bid-offer spread is the main cost in spread betting.
Just keep in mind that in a very fast market, your order may be re-quoted and although spread trading companies deny reading customer positions (i.e. wanting you to lose more before closing out), slippage can be an issue. But if closings are 'sticky', simply close over the phone.
Questions and Answers
Article Tags:
igindex
,ig index
,spread betting
,etx capital
,spreadbetting
,financial spread betting
,financial trading
The growing Indian market is attracting investors on the ground of the promising and assured return. The online trading is very popular these days and most of the people prefer it for quick money.
Learn the fundamentals of committing cash in Stocks, Ties, Common resources, Merchandise, Actual estate We create Getting Inventory Industry straightforward for you with a comprehensive guide to committing. Any effective stock market buyer must be acquainted with the fundamentals of stock market committing.
Online share trading is one of the most popular financial markets in the world today; however, any people are hesitant in starting due to not knowing a lot about it. This article will help explain what online share trading is all about, how you can get involved for a low initial investment and what to consider before, during and after trading.
The stock market is mostly used to create money. . I am sharing my investment strategy as a retail investor. Most financial experts recommend investors to initially contact a financial advisor. Able to provide advice, it can ensure that the money an investor get a good return or not.
This article has discussed about the importance of Stop orders. Stop orders act like the life jackets
There is a recurring question amongst UK traders about whether they should trade spot forex or whether they should go with spread betting. I'm of the opinion that for most traders based in the United Kingdom, spread betting is the logical choice due to the tax free advantage and the ability to bet on diverse markets like indices, equities, commodities, precious metals..etc
In this article I'm going to review PaddyPower's financial spread betting offering which I believe to be part of the London Capital Group's spread betting network - although they use own front-end. Both groups presumably offer the same products / spreads but I trust that Irish people prefer to go with PaddyPower.
Discuss this Article
