IMI Spread Betting
Where Can I Spread Bet on IMI? |
At the moment, investors are able to trade with no brokers' fees and no commissions on IMI through an account with the following spread betting companies:
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| Broker Ratings - Sponsored by IG |
The following table takes the last 3 broker ratings/recommendations and gives a quick overview of the average target share price and creates an average broker rating for IMI:
| 13-Jun-13 |  | Buy | Based on last 3 Ratings | 1263 | 1392 | 10.24% |
A look at the latest IMI broker ratings:
| 13-Jun-13 |  | Reduce | AlphaValue | 1263 | 1277 | 1.10% | | 13-May-13 | | Outperform | Exane BNP Paribas | 1321 | 1500 | 13.60% | | 02-Apr-13 |  | Neutral/Neutral | Goldman Sachs | 1285 | 1400 | 8.90% | | 15-Mar-13 | | Outperform | Credit Suisse | 1347 | 1460 | 8.40% | | 23-Jan-13 | | Outperform | Exane BNP Paribas | 1156 | 1325 | 14.60% |
For the latest UK broker ratings see Daily Trading Tips.
The above list of Trading Tips / Broker Ratings is not an exhaustive list of broker recommendations. The above content does not constitute investment advice. All reasonable efforts have been made to present accurate information. Neither CleanFinancial.com nor any contributing company or individual accepts any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.
For the sake of clarity, where a broker reiterates a rating with an identical target price within two weeks of the preceding rating, the older identical rating will normally be removed.
Advert:
IMI Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on IMI with
Financial Spreads.
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Where Can I Find Live Spread Betting Prices and Charts for IMI? |
The CFD trading chart and prices below will offer readers a good overview of the IMI share price.
The above chart, provided by Plus500, normally uses the near-term IMI futures contract (not the daily market).
If you want to analyse real time spread betting charts and prices for IMI, you could use a spread betting account.
A spreads account will also let you have access to daily contracts. Please note that such accounts are subject to credit, suitability and status checks.
If your new account is approved then, when you log in, you will be able to look at the real time prices and charts. Usually, these will be provided for free. So what's the catch? You are likely to receive the occasional sales call and/or letter from your financial spread betting provider.
If you were to trade then you should note that spread betting and CFDs carry a high level of risk to your funds and you could lose more than your initial deposit.
Advanced Charts for IMI Shares |
Although the specific charting packages normally vary across the industry, in order to aid your analysis, the charts often come with handy features such as:
- A variety of time periods, for example, 3 minutes, 15 minutes, 2 hours etc
- Different chart types, for example, line and candlestick charts
- Tools for drawing features, for example, trendlines, Fibonacci fans, arcs and time zones
Charts on FinancialSpreads.com also have more advanced features, including:
- Customisable Indicators and Back Testing
- Popular overlays, for example, Ichimoku Kinko Hyo, Parabolic SAR, Wilder's Smoothing etc
- More than 30 indicators, for example, Relative Strength Index, Average Directional Index, TRIX etc
- Automated email alerts for when a market reaches a given level
Example equity trading chart from Financial Spreads
The companies listed below provide clients with real time trading charts and prices:
Where Can I Spread Bet on IMI for Free? |
By its very nature, speculating always involves some risk, but if you'd like to open a free Test Account, that lets you try out financial spread betting, please see below for further details.
Furthermore, remember that in the UK, spread trading is currently free of tax*.
Assuming you want a free online spread trading platform then you should note that investors can financial spread bet on IMI without commissions or brokers' fees via companies like:
If you are interested in a completely free Practice Account so you can get a better understanding of spread betting, and speculating on markets such as IMI, then you could look at:
All of the above spread betting firms offer a risk free Demo Account which lets users review professional level charts, test ideas and practice with an array of trading orders, e.g. OCO and GFD orders.
How to Spread Bet on IMI? |
If an investor decides to invest in UK listed companies like IMI then one possibility could be spread trading on the IMI share price.
Logging onto Capitalspreads, we can see they are currently offering the IMI Rolling Daily market at 946.5p - 948.5p. This means an investor can spread bet on the IMI share price:
 Rising above 948.5p, or
 Falling below 946.5p
When spread betting on UK shares you trade in £x per penny. So, if you decide to invest £3 per penny and the IMI share price changes by 39p then that would make a difference to your P&L of £117. £3 per penny x 39p = £117.
Rolling Daily Equities Markets
This is a Rolling Daily Market which means that there is no settlement date for this market. If your position is still open at the end of the day, it just rolls over into the next session.
If a trade is rolled over and you are spread betting on the market to:
Move higher - then you are normally charged a small financing fee, or
Move lower - then a small payment will usually be credited to your account
For a more detailed example see Rolling Daily Spread Betting.
IMI Rolling Daily - Shares Spread Betting Example |
Now, if you continue with the spread of 946.5p - 948.5p and assume:
- You have completed your analysis of the stock markets, and
- You think that the IMI shares are likely to increase and move higher than 948.5p
Then you could choose to buy a spread bet at 948.5p and risk £4 per penny.
This means that you win £4 for every penny that the IMI shares rise above 948.5p. However, you will make a loss of £4 for every penny that the IMI market moves below 948.5p.
Considering this from another angle, should you ‘Buy’ a spread bet then your profit/loss is found by taking the difference between the settlement price of the market and the initial price you bought the spread at. You then multiply that difference in price by the stake.
With this in mind, if after a few hours the shares started to increase then you might think about closing your spread bet so that you can guarantee your profit.
As an example, should the market rise, the spread, determined by the spread betting company, could be adjusted to 972.2p - 974.2p. In order to close/settle your position you would sell at 972.2p. Therefore, with the same £4 stake you would calculate your profit as:
P&L = (Settlement Level - Initial Level) x stake
P&L = (972.2p - 948.5p) x £4 per penny stake
P&L = 23.7p x £4 per penny stake
P&L = £94.80 profit
Trading shares is not always straightforward. In this case, you had bet that the share price would go up. Naturally, the share price can also go down.
If the IMI stock dropped then you might decide to settle/close your trade to limit your losses.
If the market dropped to 921.5p - 923.5p you would close your trade by selling at 921.5p. If so, your loss would be calculated as:
P&L = (Settlement Level - Initial Level) x stake
P&L = (921.5p - 948.5p) x £4 per penny stake
P&L = -27.0p x £4 per penny stake
P&L = -£108.00 loss
Note - IMI Rolling Daily spread betting price taken as of 19-Oct-12.
Advert:
IMI Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on IMI with
Financial Spreads.
|
Risk Warning: 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.
'IMI Spread Betting' by DB, updated 13-Jun-13
For related pages also see:
Spread Betting on FTSE 100 Companies, updated 19-Jun-13
Share trading review of the FTSE 100 companies. Our individual spread betting guides come with regular broker ratings, charts and live prices. Plus how to spread bet on FTSE 100 companies, share specific trading examples, where to...read article: Spread Betting on FTSE 100 Companies.
Barclays Spread Betting, updated 17-Jun-13
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Rio Tinto Spread Betting, updated 18-Jun-13
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Vodafone Spread Betting, updated 18-Jun-13
Vodafone spread betting and share trading guide with live prices and charts. Plus, broker recommendations on Vodafone, where to spread bet on the shares tax-free* and commission-free, how to trade the UK company and...read article: Vodafone Spread Betting.
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