Not an expert on this area but after you read the headline on spread betting they often dont mention the deposits needed to cover worst case scenarios
so , say you want to bet on a gold increase , who has the least requirement in this respect ?
thanks
Whatever your losses would be if they started giving away gold free of charge. Of course they could potentially start paying you to take the stuff, in which case, your potential losses are unlimited. This did happen for gas at one point, but probably won't happen for gold.
thats possibly not the most useful answer ever . . .
but as its saturday night
Don't do it. the spread's too wide - you'll go skint.
Trij
I can tell you that FinSpreads offer a 12 point spread, bet per 0.1 movement and margin 200.
Suppose you put the minimum bet of 0.50 per point you would need to maintain a balance of 100 in your account at all times, the market maker will ask for a margin call whenever this amount is breached and if this is not made immediately they will close your trade and ask you to make good the loss.
what do you reckon to IGIndex ?
I did consider IG Index as they are the biggest and look to have a comprehensive list of markets.
I chose FinSpreads as they let me trade at 0.01p per point for 8 weeks to get a feel for it.
There's no reason why you cannot open many spread betting accounts and chase the best spreads. I decided against it as I just couldn't be bothered for the small trades I do. It could make sense though if you are betting large.
thanks
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