Where to Spread Bet on Hargreaves Lansdown?

You can spread bet on Hargreaves Lansdown with any of the following companies:

• Financial Spreads
• Tradefair
• IG Index

Although note that you can also spread bet with other Spread Betting Companies.

Spread Betting on Hargreaves Lansdown

Should an investor want to invest in companies such as Hargreaves Lansdown then one option could be to spread bet on the Hargreaves Lansdown share price.

Looking at a financial spread betting platform like Tradefair, as of Friday, they were showing the Hargreaves Lansdown Rolling Daily market at 809.0p – 811.5p. This means you can put a spread bet on the Hargreaves Lansdown shares:

• Rising above 811.5p, or
• Falling below 809.0p

Whilst financial spread betting on UK shares you trade in £x per penny. As a result, should you choose to risk £4 per penny and the Hargreaves Lansdown share price changes by 21p then that would be a difference to your profit/loss of £84. £4 per penny x 21p = £84.

Rolling Daily Equities Markets

Be aware that this is a Rolling Daily Market and so it does not have a closing date. You do not have to close your trade, should it still be open at the end of the trading day, it simply keeps rolling over into the next trading session.

If you do roll over a trade and you are spread betting that the market will:

• Increase – then you will often be charged a small financing fee, or
• Decrease – then a small payment will usually be credited to your account

To find out more about Rolling Daily Markets read our feature Rolling Daily Spread Betting.

Hargreaves Lansdown Rolling Daily Equities Trading Example

Now, if you consider the spread of 809.0p – 811.5p and make the assumptions that:

• You’ve analysed the stock markets, and
• Your analysis leads you to feel the Hargreaves Lansdown shares will increase and go above 811.5p

Then you might decide that you are going to buy at 811.5p and invest, let’s say, £5 per penny.

With such a spread bet you win £5 for every penny that the Hargreaves Lansdown shares rise higher than 811.5p. Having said that, it also means that you will make a loss of £5 for every penny that the Hargreaves Lansdown market decreases below 811.5p.

Looking at this from another angle, if you were to ‘Buy’ a spread bet then your profit/loss is calculated by taking the difference between the closing price of the market and the initial price you bought the market at. You then multiply that difference in price by the stake.

If after a few sessions the shares started to increase then you might think about closing your trade and therefore guarantee your profits.

Taking this a step further, if the market did go up then the spread, set by the spread betting company, could change to 837.9p – 840.4p. In order to close your spread bet you would sell at 837.9p. So, with the same £5 stake this trade would result in a profit of:

Your profits (or losses) = (Final Level – Initial Level) x stake
Your profits (or losses) = (837.9p – 811.5p) x £5 per penny stake
Your profits (or losses) = 26.4p x £5 per penny stake
Your profits (or losses) = £132.00 profit

Spread betting on shares can work against you. In this example, you wanted the share price to increase. Naturally, it can also go down.

If the Hargreaves Lansdown stock had started to drop then you could close your trade in order to restrict your losses.

Should the market drop to 788.4p – 790.9p you would close your position by selling at 788.4p. As a result, your loss would be:

Your profits (or losses) = (Final Level – Initial Level) x stake
Your profits (or losses) = (788.4p – 811.5p) x £5 per penny stake
Your profits (or losses) = -23.1p x £5 per penny stake
Your profits (or losses) = -£115.50 loss

Note: Hargreaves Lansdown Rolling Daily spread betting price accurate as of 08-Feb-13.

Live Hargreaves Lansdown Spread Betting Prices and Charts

 
This CFD chart gives a useful insight into the Hargreaves Lansdown market.

The chart above is from Plus 500 and normally shows the Hargreaves Lansdown futures price.

If you want to access real time financial spread betting prices/charts for Hargreaves Lansdown, you will need to apply for a spread trading account.

A spreads account will also let you have access to the short-term daily prices. Note that opening such an account is normally dependent on status and credit checks.

If your account application is approved then you can log on and view the live charts and prices. Usually, these will be provided for free. So what’s the catch? You’ll probably receive the occasional sales letter and/or call from your chosen financial spread betting company.

Hargreaves Lansdown Spread Betting – More Details

For more information on trading Hargreaves Lansdown, also see Hargreaves Lansdown Spread Betting.

Spread betting and CFD trading carry a high level of risk to your capital and you may lose more than your initial investment. Spread betting and CFD trading may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.