Legal and General Spread Betting
Where Can I Spread Bet on Legal and General?
Currently, investors can spread bet without paying any brokers' fees on Legal and General, plus a wide array of other spread betting markets, via:
|Broker Ratings - Sponsored by IG
Legal and General Broker Ratings
A look at the latest Legal and General broker ratings:
|15-Mar-16||Underperform||Keefe, Bruyette & Woods||230.3||180||-21.80%|
|11-Mar-16||Outperform||RBC Capital Markets||239.9||300||25.10%|
|07-Mar-16||Outperform||RBC Capital Markets||237.9||300||26.10%|
|10-Dec-15||Outperform||RBC Capital Markets||263.5||300||13.90%|
|04-Nov-15||Underperform||Keefe, Bruyette & Woods||266.8||180||-32.50%|
|03-Aug-15||Outperform||RBC Capital Markets||260.7||320||22.70%|
For the latest UK broker ratings see Daily Trading Tips.
Where Can I Find Live Prices and Charts for Legal and General?
The live CFD trading chart below offers users a valuable guide to the Legal and General share price.
The above Plus500 chart typically follows the near-term Legal and General futures price.
If you want to review real time spread trading prices/charts for Legal and General, you will probably need a financial spread betting account.
A spreads account also lets you speculate on the shorter term daily prices. Note that accounts are subject to status and credit checks.
If your new account is approved then, once logged on, you will be able to check the real-time trading prices and charts. On most platforms, these will be provided as part of the service. So what's the catch? You are likely to get an occasional sales email and/or call from your chosen spread trading company.
Of course, if you want to trade then you should remember that spread trading and contracts for difference carry a significant level of risk to your funds and it is possible to lose more than your initial deposit.
See below for more on advanced Legal and General charts.
Legal & General Analysis & News
Technical Charting Packages for Legal and General
Whilst charts normally differ across the various firms, in order to aid your trading decisions, the majority of charts have valuable features and tools such as:
The charts offered by FinancialSpreads.com also offer other benefits such as:
- An array of intervals - 15 minutes, 2 hours, 1 week etc.
- Various chart types - OHLC charts and candle charts
- Tools for drawing and adding features - Fibonacci Time Zones, Fans and Arcs
- Customisable Indicators, BackTesting and Analysis tools
- Helpful overlays - Parabolic SAR, Bollinger Bands, Envelopes etc.
- A selection of secondary charts - Williams %R, Relative Momentum Index, TRIX etc.
- Custom email alerts that trigger when a market hits a certain price
The following online spread betting firms give their clients real time prices/charts:
Where Can I Spread Bet on Legal and General for Free?
Speculating always involves risk, but if you'd like to open a (free) Practice Account, that allows you to try financial spread betting on a wide array of markets, please see below.
When considering which investment option is right for you, also remember that in the UK, financial spread betting is currently tax free*, i.e. there is no stamp duty, income tax or capital gains tax.
If you are looking for a low cost spread trading site, note that investors can financial spread bet on Legal and General without paying any commissions or brokers' fees via:
If you would like to open a completely free Practice Account / Test Account that lets users try financial spread betting, and markets like GBP/USD, the Dow Jones and Legal and General, then look into:
Each of the spread trading firms listed above provide a risk free Practice Account that lets users gain experience with an array of orders, check charts and test strategies.
How to Spread Bet on Legal and General?
If an investor decides to invest in UK listed companies such as Legal and General then one solution is a spread bet on the Legal and General share price.
Looking at a site like Inter Trader, we can see they are currently pricing the Legal and General Rolling Daily market at 137.6p - 138.0p. As a result, an investor could spread bet on the Legal and General share price:
Moving above 138.0p, or
Moving below 137.6p
Whilst spread betting on UK equities you trade in £x per penny. Therefore, if you chose to have a stake of £5 per penny and the Legal and General share price changes by 20p then there would be a difference to your profits (or losses) of £100. £5 per penny x 20p = £100.
Rolling Daily Equities Markets
One important thing to note is that this is a Rolling Daily Market and so unlike a futures market, there is no settlement date. Therefore, if you decide not to close your trade by the end of the day, it just rolls over to the next day.
If your position does roll over and you are speculating on the market to:
Go higher - then you'll be charged a small overnight financing fee, or
Go lower - then you will usually receive a small credit to your account
To see a fully worked example read Rolling Daily Spread Betting.
Legal and General Rolling Daily - Equities Spread Trading Example
So, if you take the spread of 137.6p - 138.0p and assume:
Then you may decide that you are going to buy a spread bet at 138.0p for a stake of, for example, £20 per penny.
- You've done your stock market analysis, and
- You think that the Legal and General share price looks like it will increase and go higher than 138.0p
With such a bet you make a profit of £20 for every penny that the Legal and General shares increase and move above 138.0p. Nevertheless, such a bet also means that you will make a loss of £20 for every penny that the Legal and General market falls lower than 138.0p.
Put another way, should you buy a spread bet then your profit/loss is worked out by taking the difference between the closing price of the market and the initial price you bought the spread at. You then multiply that difference in price by the stake.
With this in mind, if after a few days the shares started to increase then you might want to close your spread bet in order to guarantee your profit.
As an example, should the market rise, the spread, set by the spread betting company, might move up to 143.5p - 143.9p. To settle/close your trade you would sell at 143.5p. Therefore, with the same £20 stake you would make a profit of:
P&L = (Final Price - Opening Price) x stake
P&L = (143.5p - 138.0p) x £20 per penny stake
P&L = 5.5p x £20 per penny stake
P&L = £110.00 profit
Trading shares, by spread trading or otherwise, can work against you. In this case, you wanted the share price to increase. Nevertheless, it might decrease.
If the Legal and General stock had started to fall then you could choose to close your trade to stop any further losses.
So if the spread pulled back to 133.4p - 133.8p then you would settle/close your trade by selling at 133.4p. That would mean you would lose:
P&L = (Final Price - Opening Price) x stake
P&L = (133.4p - 138.0p) x £20 per penny stake
P&L = -4.6p x £20 per penny stake
P&L = -£92.00 loss
Note - Legal and General Rolling Daily market taken as of 19-Oct-12.
Legal and General Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Legal and General with
'Legal and General Spread Betting' edited by Jenna Cutly, updated 03-Oct-17
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