Spreads UK
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There are a number of UK facing spread trading companies, each of the firms offers trading accounts in GBP. So whether you are looking to trade UK Shares, US Oil, German Shares or the Hong Kong Hang Seng you can trade them all from your GBP denominated account.
Spreads UK – The Companies
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| Online Application |
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| Credit Account |
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| Deposit Account |
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| Stop Loss Available |
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| Automatic Stop Loss |
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| 24 Hour Trading |
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| FSA Authorised and Regulated |
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| Candlestick Charts |
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Comparison Notes
Spreads UK – UK and Global Index Markets
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| FTSE 100 Daily - Spread Size |
1 |
1 |
1 |
1 |
1 |
1 |
2 |
1 |
| FTSE 100 Daily - Min Stake |
£1 |
£2 |
£1 |
£1 |
£1 |
£1 |
£1 |
£1 |
| FTSE 100 Future - Spread Size |
4 |
6 |
4 |
4 |
3 |
4 |
3 |
4 |
| FTSE 100 Future - Min Stake |
£1 |
£2 |
£1 |
£1 |
£1 |
£1 |
£1 |
£1 |
| Wall St Daily - Spread Size |
2 |
2 |
2 |
2 |
2-4 |
2 |
4 |
2 |
| Wall St Daily - Min Stake |
£1 |
£1 |
£1 |
£1 |
£1 |
£1 |
£1 |
£1 |
| DAX 30 Daily - Spread Size |
1 |
1 |
1 |
2 |
1 |
1 |
2 |
1 |
| DAX 30 Daily - Min Stake |
£1 |
£2 |
£1 |
£1 |
£1 |
£1 |
£1 |
£1 |
| S&P 500 Daily - Spread Size |
4 |
5 |
4 |
3 |
5 |
4 |
5 |
4 |
| S&P 500 Daily - Min Stake |
£1 |
£1 |
£1 |
£1 |
£1 |
£1 |
£1 |
£1 |
| Nasdaq 100 Future - Spread Size |
3 |
4 |
3 |
3 |
4 |
3 |
3 |
3 |
| Nasdaq 100 Future - Min Stake |
£1 |
£4 |
£1 |
£1 |
£1 |
£1 |
£1 |
£1 |
Comparison Notes
UK Spreads – 24 Hour Spreads
The London Stock Exchange may close at 4.30pm local time, however, you can now trade a number of UK based markets like the FTSE 100 and a variety of currency markets, like EUR/GBP, GBP/USD and GBP/JPY, throughout the night. For more details see 24 Hour Spreads.
Spreads UK – Trading UK Shares
If you are looking to trade UK shares we now have over 200 share based spread trading examples covering the top UK listed companies.
Spreads UK – FTSE 100 Company Example
If an investor decides to speculate on companies like Barclays then one option could be spread trading on the Barclays share price.
If an investor was to look at the Capital Spreads spread trading website, they are currently valuing the Barclays Rolling Daily market at 322.3p - 322.8p. This means an investor can spread trade on the Barclays share price:
- Going above 322.8p, or
- Going below 322.3p
When spread trading on UK shares you trade in £x per penny. Therefore, if you decided to risk £10 per penny and the Barclays share price moves 5p then there would be a difference to your profit/loss of £50. £10 per penny x 5p = £50.
Rolling Daily Shares Markets
You should note that this is a 'Rolling Daily Market', therefore there is no settlement date for this market. If you decide not to close your trade by the end of the day, it will simply roll over to the next session.
If a position is rolled over and you are spread trading on the market to:
- Move higher - then you will pay a small overnight financing fee, or
- Move lower - then you will usually receive a small credit to your account
For a more detailed breakdown of Rolling Daily Markets please read our article Rolling Daily Spread Trading.
Barclays Rolling Daily Shares Trading Example
If we consider the spread of 322.3p - 322.8p and make the assumptions that:
- you have analysed the equities market, and
- it leads you to feel that the Barclays share price is likely to go above 322.8p
then you could decide to buy at 322.8p and risk, for example, £5 per penny.
With such a trade you would make £5 for every penny that the Barclays shares increase and go higher than 322.8p. Having said that, you will make a loss of £5 for every penny that the Barclays market falls lower than 322.8p.
Thinking of this in a slightly different way, should you buy a spread trade then your profits are found by taking the difference between the settlement price of the market and the price you bought the market at. You then multiply that price difference by your stake.
With this in mind, if after a few trading sessions the shares moved higher then you could consider closing your position and therefore lock in your profits.
Taking this a step further, if the market rose then the spread, determined by the spread trading company, might change to 340.6p - 341.1p. In order to close your position you would sell at 340.6p. As a result, with the same £5 stake you would make:
Profits (or losses) = (Settlement Price - Initial Price) x stake
Profits (or losses) = (340.6p - 322.8p) x £5 per penny stake
Profits (or losses) = 17.8p x £5 per penny stake
Profits (or losses) = £89.00 profit
Spread trading on equities is not always easy. In this case, you wanted the share price to go up. Naturally, it could fall.
If the Barclays share price had started to fall then you could choose to close your position to stop any further losses.
If the market fell to 306.7p - 307.2p then this means you would settle your position by selling at 306.7p. That would mean you would make a loss of:
Profits (or losses) = (Settlement Price - Initial Price) x stake
Profits (or losses) = (306.7p - 322.8p) x £5 per penny stake
Profits (or losses) = -16.1p x £5 per penny stake
Profits (or losses) = -£80.50 loss
Note - Barclays Rolling Daily equities market accurate as of 13-Sep-10.
Spreads UK – Where can you spread trade on UK shares?
Each of the firms in the tables above offers spread trading on FTSE 100 companies.
IG Index will also offer markets on FTSE 250 companies. Financial Spreads also offers FTSE 250 companies as well as a selection of UK Small Cap and AIM listed companies.
Spreads UK – UK and Global Currency Markets
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| GBP / USD Daily - Spread Size |
2 |
2 |
2 |
3 |
0.8 |
2 |
3 |
2 |
| GBP / USD Daily - Min Stake |
£1 |
£0.50 |
£1 |
£0.5 |
£1 |
£1 |
£1 |
£1 |
| GBP / USD Future - Spread Size |
8 |
12 |
8 |
8 |
- |
8 |
16 |
8 |
| GBP / USD Future - Min Stake |
£1 |
£1 |
£1 |
£1 |
- |
£1 |
£1 |
£1 |
| EUR / GBP Daily - Spread Size |
1 |
2 |
1 |
1 |
1 |
1 |
2 |
1 |
| EUR / GBP Daily - Min Stake |
£1 |
£0.50 |
£1 |
£0.5 |
£1 |
£1 |
£1 |
£1 |
| EUR / GBP Future - Spread Size |
6 |
10 |
6 |
6 |
- |
6 |
17 |
6 |
| EUR / GBP Future - Min Stake |
£1 |
£1 |
£1 |
£0.5 |
- |
£1 |
£1 |
£1 |
| EUR / USD Daily - Spread Size |
1 |
1 |
1 |
2 |
0.8 |
1 |
2 |
1 |
| EUR / USD Daily - Min Stake |
£1 |
£0.50 |
£1 |
£0.5 |
£1 |
£1 |
£1 |
£1 |
| EUR / USD Future - Spread Size |
8 |
12 |
8 |
8 |
3 |
8 |
12 |
8 |
| EUR / USD Future - Min Stake |
£1 |
£1 |
£1 |
£1 |
£1 |
£1 |
£1 |
£1 |
| USD / JPY Daily - Spread Size |
1 |
1 |
1 |
2 |
0.8 |
1 |
2 |
1 |
| USD / JPY Daily - Min Stake |
£1 |
£0.50 |
£1 |
£0.5 |
£1 |
£1 |
£1 |
£1 |
| USD / JPY Future - Spread Size |
8 |
12 |
8 |
10 |
- |
8 |
14 |
8 |
| USD / JPY Future - Min Stake |
£1 |
£1 |
£1 |
£0.5 |
- |
£1 |
£1 |
£1 |
Comparison Notes
As the above shows, naturally you can trade GBP/USD and EUR/GBP. However, other Sterling markets include: GBP/CAD, GBP/CHF, GBP/JPY, GBP/ZAR, GBP/EUR and GBP/JPY.
Risk Warning: Spread trading 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.
'Spreads UK' by DB, updated 26-Jan-12
For related pages also see:
Forex Trading Guide, updated 26-Jan-12
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Spread Trading, updated 26-Jan-12
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Financial Trading Directory, updated 26-Jan-12
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Spreads UK, updated 26-Jan-12
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Tradefair Spreads, updated 25-Jan-12
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Spreadex, updated 25-Jan-12
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Low Cost Spread Trading, updated 26-Jan-12
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InterTrader, updated 27-Jan-12
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IG Markets, updated 27-Jan-12
IG Markets - Trade CFDs on the award winning platform from the UK's number one CFD provider. With an IG Markets Account you can trade thousands of markets from UK and International Shares to Forex, Indices, Commodities and...read article: IG Markets.
IG Markets Android Trading App, updated 28-Oct-11
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IG Markets - CFD Provider of the Year, updated 24-Dec-10
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Changes at the Top for IG Markets, updated 09-Nov-10
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IG Markets Reduces Spreads on Key Indices, updated 25-Oct-10
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IG Index, updated 30-Jan-12
With an IG Index account you get all the normal benefits of financial spread trading including commission free and tax free trading*. You can also access over 8,000 markets and trade key markets 24 hours a day, 5 days a week. Plus there is...read article: IG Index.
GFT, updated 30-Jan-12
GFT offer a wide range of investment and trading products including Spread Trading, CFDs and margined Forex. With a GFT spread trading account you can trade thousands of markets tax free* and commission free. GFT also let you trade some key markets 24 hours per day and...read article: GFT.
FXCM, updated 31-Jan-12
FXCM - FXCM offer spread trading, forex trading and CFDs. A FXCM account offers 24 hour trading, tight spreads, automated dealing with no re-quotes, a range of charting packages and...read article: FXCM.
Finspreads UK, updated 31-Jan-12
Finspreads UK - Finspreads offer a wide range of zero commission spread trading options. With a Finspreads Account you can trade tax free* on UK Shares, US Shares, Forex, Commodities, Indices and...read article: Finspreads UK.
Financial Spread, updated 01-Feb-12
With Financial Spread you get all the normal advantages of Financial Spread Trading like Tax Free*, Commission Free trading. You also get tight spreads, the FTSE 100 spread is only 1pt and...read article: Financial Spread.
ETX, updated 01-Feb-12
ETX Capital offer commission free, tax free* spread trading on thousands of markets. An ETX Capital account offers tight spreads, low margins, 24 hour trading and...read article: ETX.
CMC Markets Account, updated 02-Feb-12
With CMC Markets you get all the normal advantages of Spread Trading like Tax Free* Trading with 0% commissions. With a CMC Markets Account you can trade key markets 24 hours a day, 5 days a week. Plus there is...read article: CMC Markets Account.
City Index, updated 03-Feb-12
City Index offers tax free* spread trading. With a City Index Account you can trade free commission on indices, forex, shares and commodities. City Index also offer CFDs where you can...read article: City Index.
Ladbrokes Financial Spreads, updated 17-Jun-10
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