Email of the day on spread-betting companies:
Comment of the Day

January 04 2023

Commentary by Eoin Treacy

Email of the day on spread-betting companies:

Eoin, I hope you have had a good break. A very happy New Year to you and yours. I apologise, as I am sure I have asked the question previously. However, I cannot find your answer. Can you direct me to a good Spread Betting company in the UK? In anticipation, many thanks.

Eoin Treacy's view

Thank you for this question which may be of interest to the Collective. I primarily use IG Index and CMC Markets.

IG Index has by far the largest breadth of instruments. However, they also widen spreads in thin overnight trading. That means when the price is trading close to your stop at the end of trading, there is a strong likelihood it will be triggered in the overnight session.

CMC Markets on the other hand does not have as wide a selection, but it does not tinker with spreads in the overnight session.

The choice of which you use will be influenced by the type of trader you are. I customarily do not use stops until I have a profit I want to protect.

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