Opening A Financial Spread Betting Account Information

Opening an account is straightforward and can be done online or over the telephone. Investors can hold a “credit” account where funds are deposited with you chosen spread betting firm in your own designated account.

The winnings and losses will be taken from this account. The investor can also have a “debit” account where you give you credit card details. The spread betting firm will then agree with you a maximum loss figure which will be taken out up front and winnings then credited to the investor. Accounts can be closed at anytime.

Interest will be paid on all monies held in any account with the account holder being sent regular statements (usually daily) so that the industry is able to meet the requirements of the FSA. The spread betting industry is fully regulated and supervised and all clients’ accounts are segregated from those of the firm with which you are undertaking transactions.

There are a range of financial markets that you can bet on from shares, currency through to property. It is a fast growing industry and can be done from the comfort of your own home.