IG Index, the UK's leading spread betting firm, has been judged as the most popular spread betting platform for forex by respondents to the annual Investment Trends survey.
Canvassing almost 14,000 individuals in the UK, the Investment Trends Financial Spread Betting and CFD report provides the most comprehensive insight into the behaviour of those trading retail derivatives.
Geopolitical factors are frequently a key driver in the currency spreads markets, so recent affairs ranging from natural disasters in Japan to unrest in the Middle East and the Eurozone sovereign debt crises all play a part in driving volatility.
Best Forex Spread Betting
Tim Hughes, Managing Director of IG Index, commented, "There's rarely a quiet day in forex markets and the big swings that can be seen literally on an hourly basis have always made it a popular option for those trading in the shorter term.
"We are also aware that traditional margined forex products can prove somewhat daunting for a retail audience whereas the pricing transparency of placing a spread bet - so you win or lose for every pip the currency pair moves - is far easier to understand.
“Working in pounds per point means that the outcome itself can't be impacted by exchange rate risk and as with all spread bets, profits are tax-free. Clients also have the flexibility to trade multiple asset classes all from a single account."
The forex spread betting service from IG Index offers a wide range of additional benefits, including a robust trading platform, high-quality customer service and consistently tight spreads.
The UK based in-house research team produce twice-daily currency market reports on the dedicated Forex Focus hub on the IG Index spread betting website.
About IG Index
Established in 1974, IG Index is part of IG Group which employs in excess of 900 people and has offices in 14 countries worldwide.
IG Index is the world's leading financial spread betting company, offering clients the ability to spread bet on over 8000 shares listed on markets worldwide, along with indices, currencies, commodities and treasuries.
Remember that financial spread betting is a leveraged product and can result in losses that exceed your initial deposit. Spread betting may not be suitable for everyone, so please ensure that you fully understand the risks involved.
Content approved / provided by IG Index which is Authorised and regulated by the Financial Services Authority, FSA Register number 114059.
Note - Spread Betting carries a high level of risk to your capital and you can lose more than your initial investment, it may not be suitable for all investors. Ensure you only speculate with money that you can afford to lose and that you fully understand the risks involved and seek independent financial advice where necessary.
'Best Forex Spread Betting', Review by D. Jones, last update: 15-Sep-11
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Risk Warning:
Spread Betting carries a high level of risk
to your capital and you can lose more than your initial investment,
it may not be suitable for all investors. Ensure you only
speculate with money that you can afford to lose and that you fully
understand the risks involved and seek independent financial advice where necessary.
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* Tax Free Trading:
Tax law is subject to change. It may also differ if you pay tax in a jurisdiction outside the UK.
