SPX Spread Betting
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Welcome to Clean Financial's guide to SPX spread betting.
Quick and simple answers to common SPX questions:
Q) Where can I Spread Bet on SPX?
Q) Where can I Trade for Free on SPX?
Q) How to Spread Bet on SPX?
Q) Where can I find Free Live Prices on SPX?
Q) Where can I find Free SPX Charts?
Advert:
SPX Spread Betting, sponsored by
FinancialSpreads.com.
You can spread bet on SPX with
Financial Spreads.
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Where can I Spread Bet on the SPX?
You can currently spread bet on the SPX and other related markets at:
Where can I Trade for Free on the SPX?
It depends upon what you mean by free. If you're looking for a free Demo Account where you can practice spread trading see below.
Tax Free. If you are looking for a free spread betting platform then don't forget that in the UK spread betting is tax free*
You can also spread bet on SPX commission free and with no brokers fees at:
Free Demo Account
If you're looking for a free Practice Account / Test Account where you can trial spread betting, including markets like SPX, then you can you can always try:
Each of the above currently offers a free demo account.
How to Spread Bet on Indices - SPX Rolling Daily
As with a wide variety of markets, you are able to place a spread bet on stock market indices, such as the SPX, to go up or down.
If an investor was to look at the InterTrader site, they are currently valuing the SPX Rolling Daily market at 1178.3 - 1178.7. Therefore, you can spread bet on the SPX index:
- Rising above 1178.7, or
- Falling below 1178.3
When making a spread bet on the SPX index you trade in £x per 0.1 points. Therefore, should you decide to invest £6 per 0.1 points and the SPX moves 0.5 points then that would change your profit/loss by £30. £6 per 0.1 points x 0.5 points = £30.
Rolling Daily Index Markets
Note that this is a Rolling Daily Market and therefore unlike a normal spread betting futures market, there is no closing date. If your trade is still open at the end of the trading day, it just rolls over to the next day.
If you do roll over a trade and you are spread betting that the market will:
- Increase - then you are normally charged a small financing fee, or
- Decrease - then you will usually receive a small credit to your account
To find out more about Rolling Daily Markets read our feature Rolling Daily Spread Betting.
SPX Rolling Daily Indices Trading Example
If you consider the spread of 1178.3 - 1178.7 and make the assumptions:
- you have done your research, and
- it leads you to think that the SPX index will increase and go higher than 1178.7
then you may decide to go long of the market at 1178.7 for a stake of £3 per 0.1 points.
With such a spread bet you make a profit of £3 for every 0.1 points that the SPX index increases above 1178.7. On the other hand, such a bet also means you will make a loss of £3 for every 0.1 points that the SPX market moves below 1178.7.
Looked at another way, if you were to ‘Buy’ a spread bet then your P&L is found by taking the difference between the final price of the market and the initial price you bought the market at. You then multiply that difference in price by the stake.
With this in mind, if after a few sessions the market started to move upwards then you could choose to close your position in order to guarantee your profit.
Taking this a step further, if the market did go up then the spread might change to 1182.8 - 1183.2. You would close/settle your spread bet by selling at 1182.8. So, with the same £3 stake your profit would be:
Profit = (Closing Price - Opening Price) x stake
Profit = (1182.8 - 1178.7) x £3 per 0.1 points stake
Profit = 4.1 x £3 per 0.1 points stake
Profit = £123 profit
Financial spread betting on indices may not go to plan. In this case, you wanted the index to increase. Of course, it might fall.
If the SPX market began to fall then you could close your trade in order to limit your losses.
If the market dropped to 1175.2 - 1175.6 then this means you would close your spread bet by selling at 1175.2. That would mean you would make a loss of:
Loss = (Closing Price - Opening Price) x stake
Loss = (1175.2 - 1178.7) x £3 per 0.1 points stake
Loss = -3.5 x £3 per 0.1 points stake
Loss = -£105 loss
Note: SPX Rolling Daily spread betting market accurate as of 29-Nov-10.
Where can I Find Free Live Prices on the SPX?
If you want to access quick live market information then you could do worse than opening an account with a firm like Financial Spreads.
Also, you don't have to trade with them, if you just open an account (which is free to do) then their data is free. The catch? You'll get the odd email or letter from them. In the example below you can also see that their free charts are also useful.
There are also live prices available at:
Where can I Find Free SPX Charts?
As mentioned above, you can get free charts with spread betting companies like Financial Spreads.
You can alter the charts to see market data by the minute, by the hour, by the week etc, plus many other settings to help you analyse the charts.
As you can see the charts show how the market's are not perfect and how you can expect the prices to "gap".
FinancialSpreads.com also have another pretty handy tool in their free Demo account (mentioned above). You can open a Demo account and place demo trades whilst you practice with no risk or cost attached.
Advert:
SPX Spread Betting, sponsored by
FinancialSpreads.com.
You can spread bet on SPX with
Financial Spreads.
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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.
'SPX Spread Betting' by DB, updated 03-May-12
For related pages also see:
FTSE Spread Betting, updated 10-May-12
FTSE trading information, where to find free FTSE charts and prices, how to spread bet on Indices, including the FTSE...read article: FTSE Spread Betting.
Euro Stoxx Spread Betting, updated 09-May-12
Euro Stoxx trading information, where to find free Euro Stoxx charts and prices, how to spread bet on Indices, including the Euro Stoxx...read article: Euro Stoxx Spread Betting.
Dax 30 Spread Betting, updated 09-May-12
Dax 30 trading information, where to find free Dax 30 charts and prices, how to spread bet on Indices, including the Dax 30...read article: Dax 30 Spread Betting.
CAC 40 Spread Betting, updated 09-May-12
CAC 40 trading information, where to find free CAC 40 charts and prices, how to spread bet on Indices, including the CAC 40...read article: CAC 40 Spread Betting.
UK 250 Spread Betting, updated 03-May-12
UK 250 spread betting. Where to find UK 250 real-time prices and charts, how to spread bet on the UK 250 index and the most popular questions on UK 250...read article: UK 250 Spread Betting.
SPX Spread Betting, updated 03-May-12
SPX spread betting. Where to find SPX real-time prices and charts, how to spread bet on the SPX index and the most popular questions on SPX...read article: SPX Spread Betting.
ASX 200 Spread Betting, updated 03-May-12
ASX 200 spread betting. Where to find ASX 200 real-time prices and charts, how to spread bet on the ASX 200 index and the most popular questions on ASX 200...read article: ASX 200 Spread Betting.
Japan 225 Spread Betting, updated 03-May-12
Japan 225 spread betting. Where to find Japan 225 real-time prices and charts, how to spread bet on the Japan 225 index and the most popular spread betting questions on Japan 225...read article: Japan 225 Spread Betting.
Dutch 25 Spread Betting, updated 17-May-12
Dutch 25 spread betting. Where to find Dutch 25 real-time prices and charts, how to spread bet on the Dutch 25 index and the most popular spread betting questions on Dutch 25...read article: Dutch 25 Spread Betting.
India 50 Spread Betting, updated 17-May-12
India 50 spread betting. Where to find India 50 real-time prices and charts, how to spread bet on the India 50 index and the most popular spread betting questions on India 50...read article: India 50 Spread Betting.
Swiss 30 Spread Betting, updated 17-May-12
Swiss 30 spread betting. Where to find Swiss 30 real-time prices and charts, how to spread bet on the Swiss 30 index and the most popular spread betting questions on Swiss 30...read article: Swiss 30 Spread Betting.
Selling the FTSE 100, updated 12-Dec-08
Q) Where can I Trade for Free on FTSE 100? Q) How to Spread Bet on FTSE 100? Q) Where can I find Free Live Prices on FTSE 100?...The Answers...read article: Selling the FTSE 100.
Financial Spread Bet on Wall Street, updated 11-Dec-08
Q) Where can I Trade for Free on Wall Street? Q) How to Spread Bet on Wall Street? Q) Where can I find Free Live Prices on Wall Street? The Answers...read article: Financial Spread Bet on Wall Street.
Spread Bet on Stock Market Indices, updated 01-Dec-08
To spread bet on stock market indices you do so in the same way as other spreads bets. A number of spread betting firms offer both a daily and futures Index market...read article: Spread Bet on Stock Market Indices.
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Q) Average Trading Results?
A) Get free spread betting tips, offers, price updates, important news and more!
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