Life After Paddypowertrader
Paddypowertrader stopped operating on 8 April 2011. Paddy Power, the Irish bookmaker, decided to withdraw from the financial spread betting market. Perhaps the profit margins just weren’t there.Nevertheless if you liked your Paddypowertrader account or were interested in opening a Paddypowertrader account then FinancialSpreads.com is a very similar alternative.
FinancialSpreads.com use the same trading platform, offer the same prices, have 1,000+ markets, the same customer service etc.
We’ve added a quick review below and a full review here: Financial Spreads.
Spread Betting with Financial Spreads
With Financial Spreads you get all the normal advantages of spread betting and a range of extra benefits:- There is No Income Tax, No Capital Gains Tax and No Stamp Duty*
- Over 1,000 markets including indices like the FTSE 100 and Dow Jones, a range of European and US shares, forex markets, gold, crude oil etc.
- No commissions or brokers fees
- Two way trading – this allows you to make a profit when markets rise or fall
- Tight spreads eg the FTSE 100 Rolling Daily Spread is only 0.8pts during market hours
- Small stakes – start trading from £1 per point and an initial deposit of £30
- iPhone, iPad and Android Spread Betting and CFD Apps.
- 24 hour spread betting
- Protection. Automatic Stop-Losses that help reduce your risk are added to every trade (note that stop-losses are not guaranteed)
- Access to Free Research and Data including Technical Analysis, Market Heat Maps, Events Calendar and Company Specific Data
Financial Spreads
Paddypowertrader Review
Paddypowertrader was created as a joint venture between Paddy Power and LCG, the FSA-regulated Financial Spread Betting provider.With paddypowertrader you get:
- The option of small stake sizes
- Daily Rolling contracts
- PaddyPowerTrader.com – a fast website with a variety of trading options
- Low initial margin requirements
- Fully interactive online dealing
Why spread bet with paddypowertrader?
Here’s what they say:“paddypowertrader Website
We have superior technology with fast online execution. Our state of the art trading platform not only ensures that every trade you place is processed in seconds, but also provides you with a complete record of all your trades and orders together with full account management facilities, interactive charting software and portfolio management tools.We also have a unique ‘trading now’ widget which shows you the positions of our traders on various asset classes. It’s a unique insight into how other traders are viewing the market.
“paddypowertrader Limits Your Risk
We automatically place a Stop Loss on all of your bets. Stop Losses are important because they act as a safety net and can help prevent you from making big losses. These Stop Losses are not guaranteed and you may, in certain circumstances, lose more than your deposit.“Free Demo Account with £10,000 Virtual Money
Funded with £10,000 in virtual money, you will be using the exact same trading platform as a real account holder and have access to most of the markets that are available on the live trading platform. Learn all the ins and outs of Spread Betting in a risk free environment“No Minimum Deposit
Deposit as much or as little as you like. If you want to place a spread bet all that is required is that your account has sufficient available trading funds to cover the Initial Margin Required (“IMR”) for that spread trade“paddypowertrader Online Trading Academy
All you need to know about Financial Spread Betting with step by step instructions, simple examples, simple guides on how to use the trading platform and a comprehensive Jargon Buster.“paddypowertrader News
Each week we provide a round-up of trading news and comments on the movers and shakers for the week ahead.“paddypowertrader Secure Funds
Your funds are of paramount importance to us. We are regulated by the Financial Service Authority (FSA) and therefore you are automatically protected by the FSA’s investor compensation programme. We also ensure all funds are held in client segregated accounts”“The Paddy Power Difference
Paddypowertrader is all about enabling the retail investor to become involved in financial spread betting. We keep our margin requirements low and spreads tight to ensure that you get the best deal on your trade.Trading shares is a good way to earn money on the stock markets we provide a forum for reading the experiences of other trader with our blogs. The various traders all trade for a living and are always on hand to have a chat about their daily trades.
Start reading today and experience the paddypowertrader difference. May the markets be with you!”
Stability and Regulation
paddypowertrader is a trading name of London Capital Group Ltd (LCG) which is a company registered in England and Wales under registered number: 3218125. LCG is authorised and regulated by the Financial Services Authority (FSA). Registered address: is 4th Floor, 12 Appold Street, London EC2A 2AW.
The paddypowertrader Markets
paddypowertrader offered spread bets on indices including: DAX 30, S&P 500, Russ 2K, Eurostoxx and more.paddypowertrader offered spread bets on commodities markets including: Natural Gas, Heating Oil, Silver, US Copper, Robusta Coffee, OJ, Coffee, Sugar, Wheat and more.
paddypowertrader offered spread bets on forex markets including: GBP/CAD, GBP/JPY, USD/CAD, USD/AUD and more.
Also see spread betting companies.
Please note:
- Company Prices – Notes and Comments.
- Spread betting prices and stakes updated, 20 Jan 09
Paddypowertrader has been offering great value financial spread betting to its clients since July 2007 and the website’s functionality has been second to none.
Nevertheless, as user experience is paramount and a crucial part of the offering, the company has just launched a brand new platform which promises to give clients a smoother and faster trading experience.
The latest paddypowertrader platform offers unparalleled reliability, faster execution and smoother transactions. All of these improvements will benefit the users of the service immediately.
“Trading efficiently on an intuitive and well developed system is one of the great benefits of trading with paddypowertrader,” said Davin McAnaney, Commercial Manager.
“We have gone that extra step in order to ensure that our clients are trading faster and better. Every trade is important to us. We have upgraded our platform in order to provide faster trade execution to our customers.”
New features include:
- Faster Trading – the stake entry is now embedded in the trade ticket, so there’s no need to enter a stake before clicking on TRADE
- Multiple Trade Tickets – you can set up as many different trade tickets as you like and watch market movements until you’re ready to make a trade.
- Cherry Picking – if you have more than one trade in the same contract, you can select which one you wish to close first.
- Order Amendment – from the open positions window.
- Easier Navigation of Markets – and improved drop down menus.
These trading signals are buy and sell trade ideas based on past price movements. Trading Edge trawls through thousands of markets and prices to find some of the best signals out there.
This saves the trader countless hours searching through individual charts looking for trading opportunities. It is also free to use on the paddypowertrader website.
“We are always trying to develop our customer user experience and to add more interesting tools and content to our online offering. These tools are free to all visitors and trading clients alike. We are keen to develop our offering to our clientele and this is one way of doing that.”
“Researching and informing yourself on market conditions through blogging, tweeting or online tutorials seems to be among the most popular ways of growing profits in financial spread betting.
“Trading Edge and the Weekly Calendar are on our website free to all users, we are keen to help clients and those interested in financial spread betting,” McAnaney continued.
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.