Spread Betting Trading Promotional Offers
A good way to learn how trading works is to sign up to an account offering spread betting promotions. Most brokers provide incentives to new account holders and these spread betting promotions give you the opportunity to trade with lower risk than other spread betters may be exposed to. This offers an ideal opportunity to really get to grips with the platform and learn how to spread bet; testing your ideas and strategies against the market and working out which ones work for you and which may not. The advantages of using broker’s promotions are that they act like a bridge between trading on demo and risking your capital in real-time market trading.
The vast number of brokers wanting to have you as their customer means that there are a wealth of spread betting promotions to choose from. The most obvious ones range from low initial spreads to guarantees against initial losses; all designed to help you adapt to spread trading and continue as a loyal customer to the brokers. Competition in the spread trading industry is high and this works in your favour as a client looking for a broker to provide you a decent platform and introductory offer.
Once you are a signed-up member the perks don´t stop either as many platforms offer incentives, from cash to champagne, for existing clients to introduce their friends to their spread betting services. Spread betting promotions can be seen as an integral part of the spread trading industry and many are long term, introductory offers which act as a kind of flagship for the company.
Alongside the financial incentives offered, many brokers also actively promote the level of advanced technology that they command. Platforms are increasingly designed to attract new clients and the high level of competition means that they have to offer a high level of quality; from high-tech charts to groundbreaking market access, spread betting promotions really are pushing trading boundaries.
Some of the leading spread betting promotions are those which are going to genuinely benefit your trading rather than simply give you a lump of cash to play with and quite possibly lose. Some of the leading brokers provide excellent, and free, education programs for you to enroll in whilst learning to trade. This may be seen as one of the duller spread betting promotions but it is an excellent offer to take advantage of if you are serious about trading in the long-term.
Spread betting company IG Index also offers a good spread betting promotional package for new account holders. Alongside a limited-risk account with guaranteed stop-losses, so you can’t possibly lose more than your stop will allow, they also provide ultra-low spreads across their markets of initially just 10p per point. This is known as the ‘Tradesense’ package and comes with a basic overview of trading which can be received free of charge in a weekly mailing which forms an introductory education course when put together in the IG Index folder also provided. The ability to trade with such low stakes is a great spread betting promotion to take advantage of forming a good middle-ground between trading on a demo account and on a real risk account.
If money if what you are after in a spread betting promotion then InterTrader offer £50 free credit when you sign up to one of their accounts. This may not go far but it will certainly take the edge off your first few losses. InterTrader also offer a ‘Tradeback’ promotion to all of its registered traders which pays back 10% of the spreads that a trader pays over the course of the month. This is a nice perk for those who trade frequently on wide spread markets but is perhaps not quite so useful for the EUR/USD swing trader where infrequent trades will have very tight spreads of around 1 pip. Finspreads also offer a similar financial incentive to opening an account but with a few more conditions attached. Their spread betting promotion includes £100 credit but with the condition that you deposit at least £500 into your account. They also require that you place at least 3 trades with them at a minimum of £3 per point. Despite the conditions, this is a good offer for those looking to deposit a larger amount of money and, furthermore, Finspreads will pay you £100 for each friend that you refer once you are registered.
By far the leading spread betting promotion for many new and experienced traders is that offered by ETX Capital. The ‘Safety Net’ program provides cover of up to £250 on losses made within the first 10 days of trading. As a spread betting promotion this is particularly useful to those who either want to test there trading strategies in real market conditions without losing a fortune or for those who are making the transition from demo trading.