Antofagasta Spread Betting
Where Can I Spread Bet on Antofagasta?
At the moment, you are able to spread bet on Antofagasta, plus a range of other related markets, with firms like:
|Broker Ratings - Sponsored by IG
Antofagasta Broker Ratings
A look at the latest Antofagasta broker ratings:
|15-Mar-16||Outperform||BMO Capital Markets||485.1||600||23.70%|
|14-Mar-16||Outperform||BMO Capital Markets||532.5||600||12.70%|
|11-Mar-16||Sector Perform||RBC Capital Markets||517.5||390||-24.60%|
|03-Feb-16||Outperform||Exane BNP Paribas||370.7||580||56.50%|
|21-Jan-16||Sector Perform||RBC Capital Markets||349.7||400||14.40%|
|16-Dec-15||Outperform||Exane BNP Paribas||419.2||600||43.10%|
|17-Nov-15||Outperform||Exane BNP Paribas||483||790||63.60%|
For the latest UK broker ratings see Daily Trading Tips.
Where Can I Find Live Prices and Charts for Antofagasta?
The following CFD trading chart will offer readers a helpful view of the Antofagasta share price.
The Plus500 chart above normally shows the Antofagasta futures contract (not the spot price).
If you would like to look at live spread trading charts and prices for Antofagasta, you might need a spread betting account.
In addition, a spreads account would let you access the short term daily prices. Such accounts are subject to suitability, credit and status checks.
Should your account application be approved, you will be able to log in and make use of the real-time trading charts/prices. Usually, these will be provided for free. What's the catch? You'll probably receive the odd call or newsletter from your chosen spread betting broker.
Of course, if you decide to trade then you must remember that financial spread trading and contracts for difference do involve a high degree of risk and you may lose more than your initial deposit.
See below for more on advanced Antofagasta charts.
Antofagasta Analysis & News
Professional Level Charting Packages for Antofagasta
Despite the fact that charts can differ across the various platforms, in order to assist you with your trading, the majority of charts usually have valuable tools and features, including:
The charts offered by FinancialSpreads also come with more advanced aspects:
- A large range of time periods, for example, 15 minutes, 1 hour, 1 day etc.
- Different displays, for example, line, candlestick and OHLC charts
- Drawing options and tools, for example, Fibonacci retracements and trendlines
Sample chart from Financial Spreads
- Custom Indicators, BackTesting and Optimisation tools
- Key technical overlays, for example, Parabolic SAR, Bollinger Bands, Price Channels etc.
- A choice of indicators, for example, True Strength Index (TSI), Chaikin Money Flow, Ultimate Oscillator etc.
- Automated email alerts when a market hits a pre-determined price
The online spread betting brokers listed below give account holders charts and live prices:
Where Can I Spread Bet on Antofagasta for Free?
Trading always includes an element of risk, but if you want to open a Test Account, which lets you try financial spread betting on a broad range of markets, then see below for further details.
When looking at which investment option is right for you, don't forget that spread trading, in the UK, is currently free of capital gains tax, income tax and stamp duty*.
If you're interested in a low cost financial spread betting website then you should keep in mind that you are able to spread bet on Antofagasta without brokers' fees or commissions via:
If you would like to open a completely free Test Account / Demo Account that lets you get a better understanding of spread betting, and trading markets such as Antofagasta, then consider:
All of the above companies currently provide a Demo Account that allows users to test new theories, practice with an array of orders and look at charts.
How to Spread Bet on Antofagasta?
Should an investor want to invest in firms like Antofagasta then one option could be spread trading on the Antofagasta share price.
Looking at a site like SelftradeMarkets, we can see that they are currently showing the Antofagasta Rolling Daily market at 1317.3p - 1319.7p. As a result, an investor could spread bet on the Antofagasta share price:
Moving above 1319.7p, or
Moving below 1317.3p
Whilst spread trading on FTSE 350 equities you trade in £x per penny. Therefore, if you decided to risk £5 per penny and the Antofagasta share price changes by 31p then there would be a difference to your bottom line of £155. £5 per penny x 31p = £155.
Rolling Daily Shares Markets
You should note that this is a 'Rolling Daily Market', therefore there is no preset settlement date for this market. You do not have to close your position, should it still be open at the end of the trading day, it just rolls over to the next day.
If a spread bet is rolled over and you are speculating on the market to:
Move up - then you will pay a small overnight financing fee, or
Move down - then a small payment will usually be credited to your account
You can learn more about Rolling Daily Markets in our article Rolling Daily Spread Betting.
Antofagasta Rolling Daily - Equities Spread Betting Example
Now, if you think about the above spread of 1317.3p - 1319.7p and make the assumptions:
Then you may buy a spread bet at 1319.7p and invest, for the sake of argument, £3 per penny.
- You've completed your analysis of the shares, and
- Your analysis suggests that the Antofagasta shares are likely to increase and move higher than 1319.7p
Therefore, you make a profit of £3 for every penny that the Antofagasta shares move above 1319.7p. Conversely, however, it also means that you will lose £3 for every penny that the Antofagasta market moves below 1319.7p.
Looking at this from another angle, if you ‘Buy’ a spread bet then your P&L is calculated 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.
As a result, if after a few trading sessions the stock rose then you might want to close your position so that you can guarantee your profit.
If that happened then the spread, determined by the spread betting firm, could change to 1365.9p - 1368.3p. You would close your trade by selling at 1365.9p. As a result, with the same £3 stake you would make:
Profit = (Settlement Price - Opening Price) x stake
Profit = (1365.9p - 1319.7p) x £3 per penny stake
Profit = 46.2p x £3 per penny stake
Profit = £138.60 profit
Speculating on equities, by spread betting or otherwise, is not always straightforward. With this example, you wanted the share price to rise. Of course, it could go down.
If the Antofagasta shares dropped then you could close your spread bet in order to limit your losses.
If the spread fell to 1279.4p - 1281.8p then this means you would settle/close your trade by selling at 1279.4p. As a result, your loss would be:
Loss = (Settlement Price - Opening Price) x stake
Loss = (1279.4p - 1319.7p) x £3 per penny stake
Loss = -40.3p x £3 per penny stake
Loss = -£120.90 loss
Note: Antofagasta Rolling Daily market taken as of 19-Oct-12.
Antofagasta Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Antofagasta with
'Antofagasta Spread Betting' edited by Jenna Cutly, updated 03-Oct-17
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