Spread betting in the financial market is nothing new, but it has become readily available to the public through a number of UK spread betting providers.
What is Spread Betting?
It is a fundamentally a way of making money from prediction of the ups and downs of the stock market, but without actually buying or owning the shares. And here’s the advantage – it is tax free!
A spread betting example would be if you decided to bet on the FTSE 100 Index going down by 100 points over a 2 week period. You would stake your amount, say £1 per point, so if you were correct in predicting the FTSE to decrease from 5600 to 5500, you would gain £100 (£1 multiplied by 100 points). The gains can be huge, but you alos need to be aware that the losses can also be substantial if you are wrong.
Spread Betting Companies
There are a number of spread betting companies to choose from in the UK that offer trading software platforms including; ETX Capital, Capital Spreads, IG Index, SpreadEx and InterTrader to name a few.
Sports Spread Betting
SportIndex is the top sports book spread betting company where you can bet on almost any sport played. For beginners you can also play for fun, so you can get familiar with the spread betting process and practice.
