SPX Spread Betting
Indicative SPX prices:
Click on the tabs for key stock market indices, forex and equities markets.
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Above, indicative prices from Financial Spreads: 2,500+ live prices available to Spread Betting and CFD clients.
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Where Can I Spread Bet on the SPX? |
You can speculate on the SPX 500, as well as a host of similar markets, via:
Advert:
SPX Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on the SPX with
Financial Spreads.
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Where Can I Spread Bet on the SPX for Free? |
Investing isn't risk free. Nevertheless, if you would like to try an entirely free Practice Account, that allows you to try financial spread betting on an array of markets, see below for further details.
Furthermore, don't forget that spread trading in the UK is currently tax free*, i.e. there is no income tax, capital gains tax or stamp duty.
If you're interested in a free financial spread betting site, keep in mind that investors can trade the SPX without paying any commissions with firms such as:
If you're interested in a Test Account to get a better feel for online spread betting, and trading markets like the SPX, then look into:
All of the above firms provide a Test Account that investors can use to gain experience with an array of orders, look at professional charts and test ideas.
Where Can I Find Live Spread Betting Prices and Charts for the SPX? |
We do show users some indicative SPX 500 prices above.
The CFDs chart below will also give you a nice guide to the SPX stock market index.
The above Plus 500 chart usually tracks the underlying SPX futures market (not the spot price).
If you'd like access to spread trading charts/prices for the SPX, you generally need a spread trading account.
In addition, a spreads account will let you have access to the shorter-term daily prices. Please note that such accounts are normally dependent on status, credit and suitability checks.
Should your application be approved then, when you log in, you will be able to review the up-to-the-minute charts/prices. These are normally provided for free. The catch? You're likely to get the occasional letter and/or call from your financial spread betting firm.
If you do trade then you should be aware that CFD trading and spread trading carry a significant level of risk to your funds and it's possible to incur losses that exceed your initial deposit.
Advanced Charts for the SPX |
Despite the fact that the charting packages tend to differ from firm to firm, to help your trading decisions, the majority of charts usually come with user friendly tools such as:
- A wide range of intervals - 5 minutes, 15 minutes, 4 hours etc.
- Different chart types - line charts and candlestick charts
- Drawing tools and options - trendlines and Fibonacci retracements
The charts offered by InterTrader also have advanced features like:
- BackTesting, Customisable Indicators and Optimisation functions
- Chart overlays - Bollinger Bands, Moving Averages, Envelopes etc.
- Technical indicator charts - Range Indicator, True Strength Index, Linear Regression Slope etc.
- Automatic email notifications when the markets hit a pre-determined level
Example SPX chart
The following online spread betting companies offer clients access to real-time trading charts and prices:
How to Spread Bet on the SPX? |
As with a lot of financial markets, you can place a spread bet on indices, such as the SPX, to rise or fall.
Looking at a spread betting website like Capitalspreads, we can see that they are currently valuing the SPX Rolling Daily market at 1439.7 - 1440.0. This means an investor can spread bet on the SPX market:
 Rising above 1440.0, or
 Falling below 1439.7
When making a spread bet on the SPX index you trade in £x per 0.1 points. So, if you choose to invest £4 per 0.1 points and the SPX moves 4.0 points then that would change your bottom line by £160. £4 per 0.1 points x 4.0 points = £160.
Rolling Daily Indices Markets
You should note that this is a Rolling Daily Market which means that it does not have a set closing date. If you decide to leave your trade open at the end of the day, it simply keeps rolling over into the next day.
Should your trade roll over, if you are speculating that the market will:
Go higher - then you'll often be charged a small financing fee, or
Go lower - then a small payment will usually be credited to your account
If you would like a fully worked example then see Rolling Daily Spread Betting.
SPX Rolling Daily - Index Spread Betting Example |
If we think about the spread of 1439.7 - 1440.0 and assume:
- You have completed your market analysis, and
- Your research leads you to feel that the SPX index will push above 1440.0
Then you may choose to go long of the market at 1440.0 for a stake of £2 per 0.1 points.
With such a bet you make a profit of £2 for every 0.1 points that the SPX index pushes higher than 1440.0. On the other hand, you will make a loss of £2 for every 0.1 points that the SPX market decreases below 1440.0.
Looking at this from another angle, if you ‘Buy’ a spread bet then your profit/loss is calculated by taking the difference between the final price of the market and the price you bought the spread at. You then multiply that difference in price by your stake.
If after a few trading sessions the US stock market started to increase then you might think about closing your trade in order to lock in your profit.
So if the market rose then the spread, set by the spread betting company, could change to 1445.7 - 1446.0. In order to close your position you would sell at 1445.7. Accordingly, with the same £2 stake you would make:
Profits (or losses) = (Final Price - Opening Price) x stake
Profits (or losses) = (1445.7 - 1440.0) x £2 per 0.1 points stake
Profits (or losses) = 5.7 x £2 per 0.1 points stake
Profits (or losses) = £114 profit
Financial spread betting may not go to plan. In this case, you wanted the US index to increase. Of course, it can also go down.
If the SPX index decreased, contrary to your expectations, then you might decide to close/settle your position in order to restrict your losses.
Should the market fall back to 1435.2 - 1435.5 then this means you would settle your trade by selling at 1435.2. As a result, your loss would be:
Profits (or losses) = (Final Price - Opening Price) x stake
Profits (or losses) = (1435.2 - 1440.0) x £2 per 0.1 points stake
Profits (or losses) = -4.8 x £2 per 0.1 points stake
Profits (or losses) = -£96 loss
Note - SPX Rolling Daily index market correct as of 26-Sep-12.
Advert:
SPX Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on the SPX 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.
'SPX Spread Betting' by DB, updated 07-May-13
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