Opening A Financial Spread Betting Account Information
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If you want to open a spread betting account then you can do this on-line or over the telephone depending on what you find the easiest for you.
You then place monies into this account that then become your “bank” which you can use for trading with your chosen firm.
The other option is to give bank card details to the firm which will then use the account linked to that card to fund your on-line trading. If a particular trade makes a loss then monies to cover that trade will be taken out of any profit you have with the firm.
If the losses incurred are higher than that total then they will be taken direct from the account linked toy your bank card. A Maximum loss can be agreed with your trading company and you can close your account when you see fit.
Please check which firms that you decide to work with and make sure they have the correct certification. Any firm has to meet with the requirement of the FSA.
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.