BP Spread Betting
Where Can I Spread Bet on BP? |
Currently, you can take a view on BP by opening an account with a number of spread betting companies:
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| Broker Ratings - Sponsored by IG |
The following table takes the last 5 broker ratings/recommendations and gives a quick overview of the average target share price and creates an average broker rating for BP:
| 19-Jun-13 |  | Neutral | Based on last 5 Ratings | 456.75 | 488 | 6.93% |
A look at the latest BP broker ratings:
| 19-Jun-13 | | Market Perform | Sanford C. Bernstein | 456.75 | 490 | 7.30% | | 13-Jun-13 |  | Reduce | AlphaValue | 450.55 | 442 | -1.90% | | 11-Jun-13 | | Hold | Societe Generale | 460.1 | 500 | 8.70% | | 20-May-13 | | Market Perform | Sanford C. Bernstein | 469.85 | 490 | 4.30% | | 13-May-13 |  | Buy | Deutsche Bank | 465.25 | 520 | 11.80% | | 07-May-13 | | Hold | Grupo Santander | 470.65 | 530 | 12.61% | | 25-Apr-13 | | Hold | Societe Generale | 456.9 | 500 | 9.40% | | 22-Apr-13 | | Underweight | Barclays | 445.9 | 480 | 7.60% | | 19-Apr-13 | | Sector Perform | RBC Capital Markets | 448.05 | 530 | 18.30% | | 02-Apr-13 | | Hold | Liberum Capital | 464.45 | 445 | -4.20% | | 20-Feb-13 | | Outperform | Exane BNP Paribas | 448.55 | 575 | 28.20% | | 07-Feb-13 | | Sell | AlphaValue | 464.15 | 400 | -13.80% | | 14-Jan-13 | | Outperform | Exane BNP Paribas | 460.25 | 575 | 24.90% |
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:
Spread Betting on BP, sponsored by FinancialSpreads.com.
You can spread bet on BP with
Financial Spreads.
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Where Can I Find Live Spread Betting Prices and Charts for BP? |
This CFD chart will provide users with a handy view of the BP share price.
The above chart from Plus 500 is usually based on the near-term BP futures contract (not the daily market).
If you'd like to analyse real time financial spread betting prices/charts for BP, you may require a spread betting account.
You can also use a spreads account to speculate on shorter term daily prices. Note that all such accounts are normally dependent on status, credit and suitability checks.
Should your new account be accepted then you can log in and check the real-time prices and charts. Usually, these will be free, however, you might receive an occasional letter and/or sales call from your chosen financial spread betting broker.
Of course, if you do decide to trade, remember that CFDs and spread trading do involve a high level of risk to your funds and it's possible to lose more than your initial investment.
Whilst charting software and packages tend to differ between firms, in order to assist you with your technical analysis, they generally have user friendly features and tools that include:
- A broad variety of time periods, for example, 2 minutes, 1 hour, 1 week and so on
- Different chart types, for example, line charts and candlestick charts
- Tools for adding features, for example, Fibonacci retracements and trendlines
Charts on Financial Spreads also offer other benefits like:
- Tailored Indicators, BackTesting and Analysis tools
- Important overlays, for example, Exponential Moving Average, Ichimoku Cloud, Price Channels and so on
- Secondary technical charts, for example, True Strength Index, Standard Deviation, Price and Volume Trend and so on
- Customised email alerts for when the markets hit a specific price
Sample trading chart
The online spread betting brokers in the following list offer account holders charts and live prices:
Advert:
Spread Betting on BP, sponsored by FinancialSpreads.com.
You can spread bet on BP with
Financial Spreads.
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Where Can I Spread Bet on BP for Free? |
Investing in the markets is not without its risks. However, if you want to try a Practice Account (free), where you can trial financial spread betting on a broad range of markets, please see below for further details.
When thinking about which trading option is right for you, also remember that, in the UK, spread trading is tax free*, i.e. it is exempt from income tax, capital gains tax and stamp duty.
Assuming you want a free online spread trading platform then note that you can trade BP without having to pay any brokers' fees through firms like:
If you are interested in a virtual money Demo Account / Practice Account where you are able to get to grips with financial spread betting, and markets like BP, then you could look at:
The above spread betting companies currently provide a free Practice Account that allows users to analyse charts, apply orders and try out trading strategies.
If you decide to invest in firms like BP then one possibility is to spread trade on the BP share price.
Looking at a financial spread betting platform like capital spreads, you can see they are currently pricing the BP Rolling Daily market at 446.7p - 447.3p. This means you can put a spread bet on the BP shares:
 Moving higher than 447.3p, or
 Moving lower than 446.7p
Whilst financial spread trading on FTSE 350 equities you trade in £x per penny. As a result, if you choose to have a stake of £2 per penny and the BP shares move 28p then that would change your bottom line by £56. £2 per penny x 28p = £56.
Rolling Daily Equities Markets
Note that this is a Rolling Daily Market and therefore there is no predetermined settlement date for this market. If you leave your position open at the end of the day, it just rolls over to the next day.
If you allow your position to roll over and are spread betting on the market to:
Move up - then you are charged a small overnight financing fee, or
Move down - then a small payment is often credited to your account
For a fully worked example see Rolling Daily Spread Betting.
BP Rolling Daily - Equities Trading Example |
So, if you continue with the spread of 446.7p - 447.3p and make the assumptions that:
- You have analysed the equities market, and
- Your research suggests that the BP share price looks like it will go above 447.3p
Then you could decide to go long of the market at 447.3p and risk, let’s say, £5 per penny.
This means that you win £5 for every penny that the BP shares rise higher than 447.3p. However, such a bet also means that you will make a loss of £5 for every penny that the BP market decreases below 447.3p.
Thinking of this in a slightly different way, if you were to ‘Buy’ a spread bet then your profits (or losses) are found by taking the difference between the final price of the market and the initial price you bought the spread at. You then multiply that price difference by the stake.
Therefore, if after a few trading sessions the share price rose then you might consider closing your spread bet in order to guarantee your profit.
Taking this a step further, if the market rose then the spread, determined by the spread betting firm, could change to 468.6p - 469.2p. You would settle/close your trade by selling at 468.6p. Therefore, with the same £5 stake this trade would result in a profit of:
P&L = (Final Level - Initial Level) x stake
P&L = (468.6p - 447.3p) x £5 per penny stake
P&L = 21.3p x £5 per penny stake
P&L = £106.50 profit
Trading equities, by spread trading or otherwise, is not always easy. With this example, you had bet that the share price would increase. Naturally, it could fall.
If the BP shares had fallen then you could choose to close your trade in order to limit your losses.
So if the spread pulled back to 422.7p - 423.3p then you would settle/close your trade by selling at 422.7p. So your loss would be calculated as:
P&L = (Final Level - Initial Level) x stake
P&L = (422.7p - 447.3p) x £5 per penny stake
P&L = -24.6p x £5 per penny stake
P&L = -£123.00 loss
Note - BP Rolling Daily market correct as of 17-Oct-12.
Advert:
Spread Betting on BP, sponsored by FinancialSpreads.com.
You can spread bet on BP with
Financial Spreads.
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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.
'Spread Betting on BP' by DB, updated 19-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 19-Jun-13
Barclays spread betting and share trading guide with live prices and charts. Plus, broker recommendations on Barclays, where to spread bet on the shares tax-free* and commission-free, how to trade the UK company and...read article: Barclays Spread Betting.
Spread Betting on BP, updated 19-Jun-13
BP spread betting and share trading guide with live prices and charts. Plus, broker recommendations on BP, where to spread bet on the shares tax-free* and commission-free, how to trade the UK company and...read article: Spread Betting on BP.
HSBC Spread Betting, updated 19-Jun-13
HSBC spread betting and share trading guide with live prices and charts. Plus, broker recommendations on HSBC, where to spread bet on the shares tax-free* and commission-free, how to trade the UK company and...read article: HSBC Spread Betting.
Lloyds Spread Betting, updated 19-Jun-13
Lloyds spread betting and share trading guide with live prices and charts. Plus, broker recommendations on Lloyds, where to spread bet on the shares tax-free* and commission-free, how to trade the UK company and...read article: Lloyds Spread Betting.
RBS Spread Betting, updated 19-Jun-13
RBS spread betting and share trading guide with live prices and charts. Plus, broker recommendations on Royal Bank of Scotland, where to spread bet on the shares tax-free* and commission-free, how to trade the UK company and...read article: RBS Spread Betting.
Rio Tinto Spread Betting, updated 18-Jun-13
Rio Tinto spread betting and share trading guide with live prices and charts. Plus, broker recommendations on Rio Tinto, where to spread bet on the shares tax-free* and commission-free, how to trade the UK company and...read article: Rio Tinto Spread Betting.
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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