Core Spreads Offers Tips On How To Choose The Right Financial Spread Betting Provider
Find the right provider for you and reap the rewards.
Experts at independent spread betting provider, Core Spreads, have compiled a selection of tips to help guide anyone looking to open a new spread betting account. With so much competition currently in the industry, providers are offering lower prices and greater service levels, but choosing a provider to settle with over the long-term can be tough – so Core Spreads have pooled their expertise in the market to outline some key factors for new users to consider.
A spokesman for Core Spreads says, “There are so many spread betting providers competing for clients in the UK – from bookies and banks to stock brokers and specialist firms. The number of providers does guarantee heightened competition in the market, but it also means that newcomers to the field need to do their homework in order to choose the spread betting provider that’s right for them.”
He adds, “We’ve come up with some helpful tips to help people choose the spread betting provider that will work best for them – as well as finding the best deals and knowing which sign-up offers are the best.”
One of the first things that new users need to consider is how much education they’ll need from their provider. Some firms offer comprehensive guides, podcasts, seminars and education materials on spread betting, with everything explained in fine detail – great for beginners, but sometimes tiring for those who already have their trading edge. Many independent providers, like Core Spreads, shun this type of information and target those who already understand each element of trading. These providers can often offer better prices, as they’re not shelling out on constantly updating their educational materials.
Next up, it’s important to consider what financial markets you’ll be aiming to trade on. Not all spread betting firms offer the same markets – though many offer the favourites like the FTSE 100 and Wall Street. For those searching for something a little more niche, it pays to shop around and see what rates are on offer at some of the smaller providers.
Credit may also be a crucial factor in choosing a spread betting provider. General advice is for users to reduce their pool of potential providers down to two or three, and then examine what credit options are available. Some firms offer credit on application the minute their account goes live, but some firms make user’s jump through hoops or conform with complex limitations in order to access credit. It’s important for new users to decide how much credit they’d like and to then find a provider that facilitates this option – using credit can save clients’ money with the reduction in credit card payments over time.
If these three factors are yielding no clear winners, many high-quality providers offer a demo service, where new users can experience exactly what they’ll get if they open a ‘live’ trading account. Core Spreads offers a one-click demo for new users, where they can familiarise themselves with the trading interface and decide whether the service is the one for them.
To learn more, try a one click demo or start trading go to www.CoreSpreads.com
Editor's Note: Issued by Dakota Digital. For more information please contact Lauren Carroll. Email: firstname.lastname@example.org or Tel: 01623 428996 ext 2.
Financial spread bets are leveraged products, which means you could lose more than you deposit. You should ensure spread betting meets your investment objectives.
Core Spreads Ltd is an appointed representative of Finsa Europe Ltd (a company registered in England and Wales under number 07073413) which is authorised and regulated by the Financial Conduct Authority (under firm reference number 525164). Core Spreads is a trading name of Finsa Europe Ltd.