Paddypowertrader has closed for business – so where to trade?
You may have noticed that Paddypowertrader stopped trading in April 2011. It’s thought that the profit margins weren’t big enough for the Irish bookmaker. Hence they decided to pull out of financial spread betting market.
Life after Paddypowertrader?
If you liked your Paddypowertrader account or were thinking about opening a Paddypowertrader account then you could have a look at Financial Spreads.
Financial Spreads employ the same platform and use the same pricing engine (ie they offer the same prices). They also offer more than 2,000 markets as well as 24 hour trading etc.
There’s a précis of Financial Spreads below but we have also added a FinancialSpreads review.
Trading with Financial Spreads:
You can spread bet on Shares, Indices, Commodities, Forex and more
You can spread bet on markets to go up or down
No commissions or brokers fees
There is no Capital Gains Tax, no Income Tax and no Stamp Duty*
If you are looking to speculate on the world markets then one option is Paddypowertrader.
With a Paddypowertrader account you can enjoy many of the benefits that spread betting offers:
Paddypowertrader - Spread Betting Benefits
Spread Bet - Commission Free
Spread Bet with No Brokers' Fees
Tax Free Trading* - No Capital Gains Tax
Tax Free Trading* - No Income Tax
Tax Free Trading* - No Stamp Duty
Buy and Sell a Wide Range of Financial Markets
Spread Bet on Indices, Shares, Forex, Commodities and other markets
Spread betting services may also be available through other companies. Notes.
Paddypowertrader Spread Betting – More Benefits
There is also a range of other benefits with this spread betting company:
24 Hour Spread Betting
With Paddypowertrader you can spread bet from midnight on Sunday to the market close on Friday evening. 24 hour markets include the UK 100, German 30, Gold, Crude Oil and some of the most popular Forex pairs.
Paddypowertrader – Trading Tools
The trading platform provides you with comprehensive research and data tools. There are:
Historical charts
Interactive data event calendars
Heat maps
Sector analysis
Paddypowertrader also has a partnership with Investors Intelligence which gives you access to their research, recommendations and buy & sell signals.
Superior Technology / Fast Online Execution
Say goodbye to trade requests to dealing desks and phone calls to brokers. With Paddypowertrader you have many markets at your fingertips. The state of the art trading platform ensures that every trade you place is processed within seconds. It also provides you with:
A complete record of all your trades and orders
Portfolio management tools
Interactive charting software
Full account management facilities
Paddypowertrader - Limit Your Risk
Every time a new spread bet is placed, Paddypowertrader will automatically place a stop loss for you free of charge.
A stop loss is an order to close your trade if the market reaches a certain level. These are important because they can be a safety net preventing you from making big losses. You can change the level of your stop loss whenever you want and as often as you like.
Please note stop losses are not guaranteed and you may, in certain circumstances, lose more than your deposit.
Paddypowertrader - Free Demo Account
The free Paddypowertrader demo account starts you off with £10,000 in virtual funds.
The demo account uses the exact same trading platform as a real money account and you have access to the majority of the markets that are available to traders on the live platform.
Using the demo account allows you to learn the ins-and-outs of spread betting in a safe, risk free environment.
Security
Paddypowertrader is regulated by the Financial Service Authority (FSA). Account holders are automatically protected by the FSA's investor compensation programme.
Paddypowertrader ensure further protection by having all funds held in client segregated accounts. All client monies are held separately from Paddypowertrader funds.
Paddypowertrader - Spread Betting Account
New Account Offer
Trading Charts
24 Hour Spread Betting
Stop Losses Available
Guaranteed Stop Available
Demo Account
Online Application
Spread betting services may also be available through other companies. Notes.
Spread bets carry a high level of risk so you should only speculate with money you can afford to lose. Stop-losses are automatically allocated with each bet you make. All stops are not guaranteed. You can lose more than your initial deposit and stake. Before you open an account, please ensure you familiarise yourself with the risks involved and if necessary seek independent advice.
Content approved / provided by Paddypowertrader is a trading name of London Capital Group Ltd (LCG) which is a company registered in England and Wales under registered number: 3218125. LCG is authorised and regulated by the Financial Services Authority (FSA). Registered address: is 4th Floor, 12 Appold Street, London EC2A 2AW.
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.
'Paddypowertrader', Review by D. Jones, last update: 14-Apr-11
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2,000+ Markets: Forex, Shares, Indices & Commodities
Risk Warning - Spread betting carries a high level of risk to your capital & you may lose more than your initial investment. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved, seek financial advice where necessary & make sure spread betting meets your investment objectives.
The above information is correct at time of writing. The spreads quoted are for Rolling Daily markets and may vary out of hours. † Tax Law can change.
FinancialSpreads.com is a trading name of London Capital Group Ltd which is authorised & regulated by the Financial Services Authority (FSA). Registered address: is 4th Floor, 12 Appold Street, London EC2A 2AW. All information correct at time of publication.
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.
Disclaimer:
Online-Spread-Betting.com does not endorse the information and
analysis available on this site. It is provided purely for information
purposes and is delivered as a personal view of the writer. Under no circumstances
is the information hereon to be used or considered as, an offer to sell, or a
solicitation of any offer to buy. The website content does not constitute investment
advice and neither the individual contributor nor Online-Spread-Betting.com accepts any
responsibility for any use that may be made of the content.
* Tax Free Trading:
Tax law is subject to change. It may also differ if you pay tax in a jurisdiction outside the UK.
