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AvaTrade Spread Betting account review
Spread Betting is a trading method in which a trader is placing a bet on the price movement of a specific financial instrument. This trading method is tax free and is available for UK and Ireland residents only.
Financial Spread Betting vs. Regular Betting
Usually when placing a bet, you are looking for a particular outcome. For example, if you expect your favorite team to win the match, then you will place a bet for it to win. There are only two possible outcomes for this event – win or loss- which are set in advance.
In financial Spread Betting, the outcome is not fixed in advance. Instead you place a bet that the price of a certain instrument will be higher or lower in the future. The more you are right about the trend of movement, the more you will earn. The more you are wrong, the more you will lose. Whatever the outcome is, it is the trader who decides when to close the position.
Financial Spread Betting vs. Forex/CFD Trading
AvaTrade Spread Betting is similar to traditional Forex and CFD trading. However, instead of buying an amount or lot size of the financial instrument, a spread bettor places a bet per pip movement or point movement of the given instrument.
On a traditional FX and CFD trading platform, the amount you enter in the volume box therefore refers to the amount of units of the instrument you wish to buy or sell.
For example, entering 0.10 into the volume box refers to 10,000 units of an FX pair, 100 barrels of crude oil or 10 ounces of gold.
However, on the spread betting platform, entering 0.10 in the volume box refers to the size of the bet per pip move e.g. 10c/10p per FX pip (0.0001), 10c/10p per point move of crude oil (0.01) etc.
How to Spread Bet with AvaTrade?
AvaTrade is committed to providing its traders with the best trading platform and trading tools available. The MT4-Spread Betting platform is the world’s most popular and customizable trading platform. With hundreds of financial instruments available, live price charts tailored to your needs and technical and fundamental analysis tools, the MT4 platform is the most innovative and flexible trading terminal available to retail traders.
AvaTrade Spread Betting Markets
AvaTrade spread betting is a leveraged financial spread bet on a full range of markets, including more than 65 forex currency pairs, metals, energies & agricultural commodities, major indices and bonds from across the world, and a large variety of equities and ETFs. With such a large variety, you are sure to find the instruments that suit you.
Spread-Betting is exempt from stamp duty and Capital Gains Tax in the UK and Ireland. Please note that tax laws are liable to change and may differ based on your individual circumstances and jurisdiction.
AvaTrade Spread Bet account review
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