According to ProSpreads their “mission is to provide the best in customer service and platform technology. Most of our staff have extensive experience in the financial markets and pride themselves in delivering an excellent spread betting service.
Why ProSpreads?
Configure Your Own Trading Platform
The ProSpreads platform is completely configurable to your own preference. Not just colour changes, but choosing the layout, which information you want to see and how you wish to execute your spread bets.
4 Ways To Spread Bet - ProSpreads allows you to choose one of four different ways to execute your order:
Order Ticket
Single Click Trading
Level 2 Trading
Market Ladder
Ultra Tight Spreads And No Re-Quotes
ProSpreads accounts have access to some of the tightest spreads for speculating on the major indices, currencies and commodities.
ProSpreads can offer this because it references its prices directly from the underlying exchanges where thousands of market participants compete to trade. As a result of this liquidity and competition the underlying spreads are often extremely narrow, resulting in ultra tight spreads offered by ProSpreads.
Because ProSpreads references the underlying markets, you will never be re-quoted. As long as the underlying market price is available, the spread bet price will be available.
For more details on the markets offered by ProSpreads see ProSpreads Trading.
Tax Free Spread Betting*
In the UK, profits generated from spread betting are free from capital gains tax; however tax laws can change and all individuals should seek independent advice regarding their tax affairs.
Trade Inside The Spread
As the ProSpreads platform mirrors the functionality of the underlying exchanges, sometimes including Direct Market Access, you can often bid and offer inside the spread, or at any other price. So if you are buyer of the FTSE 100 for example, you are able to ‘join’ the bid or even bid inside the spread offered by ProSpreads, giving clients the ultimate flexibility in trade management.
In contrast, most other spread betting companies will not let clients join the bid or offer and limit orders have to be placed a minimum distance from the current spread.
Fastest Execution
The ProSpreads platform utilises the same technology that professional bank traders use to execute their trades. When you click to Buy or Sell, you order is often filled in a fraction of a second. No waiting. No delays. No re-quotes!
Reliable Prices
Many spread bettors complain about the prices offered by some of the other spread betting companies. This is because these clients are only referencing prices from one price maker with no competitive comparison.
In contrast, clients of ProSpreads directly reference their own prices from the underlying exchanges where thousands of market participants are competing for business, presenting them with the most competitive prices. Not only that, these prices are extremely reliable, as most of them represent actual client orders, meaning they will not be suddenly removed or adjusted against our clients.
Level 2 Data
ProSpreads provides Direct Market Access functionality enabling clients to see, not just the highest bid and lowest offer, but also all the underlying bids and offers outside the market spread.
This price transparency means clients can view all the orders above and below the underlying market – a useful tool when gauging potential support and resistance.
Spread bets carry a high level of risk so you should only speculate with money you can afford to lose. You can lose more than your initial deposit and stake. Before you open an account, please ensure that spread betting matches your investment objectives, familiarise yourself with the risks involved and if necessary seek independent advice.
Content approved / provided by ProSpreads. ProSpreads Limited is a part of the group of companies controlled by London Capital Group Holdings plc, registered number: 05497744, registered address: 4th Floor, 12 Appold Street, London EC2A 2AW. ProSpreads Limited is licensed as a gaming company by the Government of Gibraltar (Gaming Licence No.28) and is authorised and regulated by the Financial Services Commission (FSO98 Category 1 Authorisation No.FSC00824B).
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.
'ProSpreads', Review by D. Jones, last update: 25-Jan-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.
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.
