If you are looking for a free Practice Account / Test Account where you can trial spread betting, including ig_index markets like IG Group, then you could try:
Each of the above currently offers a free demo account.
How to Spread Bet on Equities - IG Group Shares?
At the time of writing the IG Group (June) market is 341.3p - 343.8p with Financial Spreads. This ‘June’ market expires on 17-Jun-08.
Like many markets, you can spread bet on the future price of shares, like IG Group shares, rising or falling.
Therefore you can financial spread bet on IG Group shares settling:
Higher than 343.8p, or
Lower than 341.3p
On the expiry date for this market, 17-Jun-08.
When spread betting on UK equities, you trade in £x per penny, where a penny in this case, is 1p of IG Group share price movement.
Eg if your stake was £6 per penny and the IG Group shares move 4p then that would be a £24 difference to your profit/loss.
Financial Spread Betting Example - IG Group
So let's say, taking the above spread of 341.3p - 343.8p, that after your market research, you feel that the IG Group shares will be higher than 343.8p on 17-Jun-08.
Therefore you buy at 343.8p for a stake of, let's say, £3 per penny.
When ‘Buying’ a spread bet, your profit / loss is found by taking the difference between the final value of the market and the value you bought the spread bet at, ie 343.8p and then multiplying that by the stake per penny of share price movement.
If, by the closing date of the market, it closes at 365p, then:
Your P&L = (365.0p - 343.8p) x £3 per penny stake.
Your P&L = 21.2p x £3 per penny stake.
= £63.60 profit.
But if the market didn't move as you originally forecast and had the IG Group shares fallen with the market closing lower at 320p, then you would have lost on this spread trade.
Your P&L = (320.0p - 343.8p) x £3 per penny stake.
Your P&L = -23.8p x £3 per penny stake.
= -£71.40 loss.
(Note: spread prices quoted as of 03-Mar-08).
Where can I Find Live Prices on IG Group?
If you want to access live spread betting markets then you generally need to open an account with a spread betting company. Note that accounts are subject to status.
The spread betting companies listed on this site do not charge a fee to apply for an account.
If your application is approved then you can log on to their website and access their Live Prices and charts. There is no charge for looking at their prices.
The catch? You'll get the odd email or letter from them. The companies below also offer clients access to candlestick charts.
Of course, if you do trade then you should note that spread betting carries a high level of risk to your capital and you could lose more than your initial investment.
Live prices are available for account holders at:
Like live prices, if you want to access to candlestick charts then you generally need to open an account with a spread betting company. Note that accounts are subject to status.
If your application is approved then you can log on to their website and access their candlestick charts.
You can often alter the charts to see market data by the minute, by the hour, by the week etc. There are also other settings that you can easily add such as Bollinger Bands and Moving Averages.
As you can see the charts show how the market's are not perfect and how you can expect the prices to "gap".
Risk Warning: Spread betting carries a high level of risk to your capital. You may lose more than your initial investment. It 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.
'IG Group Spread Betting' by DB, updated 31-Dec-09
For related pages also see:
IG Index, updated 11-Mar-10
IG Index - The UK's leading financial spread betting firm, offering prices in a wide range of indices, FX, commodities and options and thousands of individual shares....read article. IG Index Financial Spread Betting Markets, updated 11-Mar-10
IGIndex.com offers has live prices on FTSE 100, FTSE 250, Wall Street, Nasdaq 100, S+P 500, DAX, CAC, Forex...read article. IG Index, updated 11-Mar-10
An introduction for IG Index...read article. IG Index Prices, updated 11-Mar-10
IG Index Prices: A set of sample IG Index spreads and markets including the FTSE 100, Dow Jones (Wall St), Gold, Brent Crude Oil, EUR / USD and more...read article. IG Group Profits 2008, updated 25-Jul-08
IG provide a good service, they attract traders and they keep them trading. That is not Clean Financial's opinion. That is the IG results talking. Yes they are the oldest spread betting company but that does not mean they should be, by default, the biggest. Just ask...read article. IG Group Spread Betting, updated 31-Dec-09
IG Group trading information, where to find free IG Group charts and prices, how to spread bet on Shares, including the IG Group...read article.
Q) Average Trading Results?
A) Get free spread betting tips, offers, price updates, important news and more! All Free - Click here!
Risk Warning: Spread betting carries a high level of risk to your capital and you may lose more than your initial investment. It 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.
* Tax law is subject to change or may differ if you pay tax in a jurisdiction other than the UK.
