SSE Spread Betting
Where Can I Spread Bet on SSE?
You can trade with no brokers' fees and zero commissions on SSE with an account from the following firms:
|Broker Ratings - Sponsored by IG
A look at the latest SSE broker ratings:
|16-Mar-16||Underperform||RBC Capital Markets||1474||1375||-6.70%|
|10-Mar-16||Underperform||RBC Capital Markets||1463||1375||-6.00%|
|09-Mar-16||Underperform||RBC Capital Markets||1465||1375||-6.10%|
|07-Jan-16||Underperform||RBC Capital Markets||1480||1375||-7.10%|
|11-Dec-15||Underperform||RBC Capital Markets||1438||1500||4.30%|
|29-Jul-15||Underperform||RBC Capital Markets||1515||1500||-1.00%|
For the latest UK broker ratings see Daily Trading Tips.
Where Can I Find Live Spread Betting Prices and Charts for SSE?
The real-time CFDs chart and prices below offers you a helpful look at the SSE share price.
The Plus 500 chart above typically tracks the SSE futures market (not the spot price).
To analyse financial spread betting prices and charts for SSE, you will generally need a spread trading account.
You can also use a spreads account to trade on spot prices. Please note that opening such an account is normally dependent on status and credit checks.
Should your account application be accepted then, once logged in, you will be able to look at the prices and charts. These are usually free. The catch is that you are likely to receive the occasional email or letter from the spread trading firm.
Of course, if you decide to trade then be aware that financial spread betting and contracts for difference carry a high level of risk and it is possible to lose more than your initial investment.
See below for more on advanced SSE charts.
Advanced Charting Packages for SSE Shares
Even though the charting packages can differ from provider to provider, in order to help your technical analysis, they usually have tools and features such as:
Charts on Financial Spreads also have more advanced features such as:
- A range of intervals e.g. 2 minutes, 15 minutes, 1 day etc.
- A variety of chart types e.g. line charts and candle charts
- Tools for drawing and adding features e.g. Fibonacci Fans, Arcs and Time Zones
Sample share trading chart from Financial Spreads
- Back Testing, Customisable Indicators and Optimisation tools
- Key technical overlays e.g. Exponential Moving Average, Ichimoku Cloud, Chande Kroll Stop etc.
- Indicator charts e.g. True Strength Index (TSI), Elder Rays, Volume Index etc.
- Custom email alerts for when your chosen market hits a certain level
The firms listed below let their account holders have access to live trading prices/charts:
Where Can I Spread Bet on SSE for Free?
Trading the markets always involves a degree of risk, but if you want to open an entirely free Demo Account, that lets you check professional level charts and try out spread betting, then see below.
In addition, remember that financial spread betting in the UK is currently tax free*, i.e. there is no stamp duty, income tax or capital gains tax.
If you want a free trading platform then keep in mind that investors can take a view on SSE with no brokers' fees, and zero commissions, through companies such as:
If you would like to open a free Practice Account / Demo Account that lets you get a better understanding of financial spread betting, and speculating on markets such as crude oil, the Dow Jones and SSE, then you could have a look at:
Each of the spread trading companies listed above currently provide a Test Account that lets investors review professional level charts, apply a host of trading orders and test new trading strategies.
How to Spread Bet on SSE?
If an investor decides to invest in UK listed companies such as SSE then one possibility could be spread betting on the SSE share price.
Looking at a spread betting website like SelftradeMarkets, you can see that they are currently showing the SSE Rolling Daily market at 1448.2p - 1451.8p. This means you could spread bet on the SSE share price:
Moving above 1451.8p, or
Moving below 1448.2p
Whilst financial spread betting on FTSE 350 equities you trade in £x per penny. As a result, if your stake was £4 per penny and the SSE share price changes by 24p then that would make a difference to your bottom line of £96. £4 per penny x 24p = £96.
Rolling Daily Shares Markets
You should note that this is a 'Rolling Daily Market', therefore there is no set closing date for this market. As a result, if your trade is still open at the end of the trading day, it simply keeps rolling over into the next trading session.
If your trade does roll over and you are speculating on the market to:
Increase - then you will be charged a small overnight financing fee, or
Decrease - then a small payment is often credited to your account
You can find more on Rolling Daily Markets, as well as a fully worked example, in our feature Rolling Daily Spread Betting.
SSE Rolling Daily - Equities Spread Betting Example
So, if you continue with the spread of 1448.2p - 1451.8p and assume that:
Then you could decide that you want to buy a spread bet at 1451.8p and risk, for the sake of argument, £3 per penny.
- You have completed your market analysis, and
- Your research leads you to feel that the SSE shares will move higher than 1451.8p
With such a bet you make a profit of £3 for every penny that the SSE shares increase and move above 1451.8p. Nevertheless, it also means that you will make a loss of £3 for every penny that the SSE market falls below 1451.8p.
Thinking of this in a slightly different way, if you buy a spread bet then your profits (or losses) are 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 price difference by your stake.
As a result, if after a few trading sessions the shares moved higher then you might want to close your position and therefore lock in your profits.
So if the market moved up then the spread, set by the spread trading company, might change to 1494.6p - 1498.2p. In order to close your trade you would sell at 1494.6p. Therefore, with the same £3 stake your profit would be calculated as:
Profit = (Closing Value - Initial Value) x stake
Profit = (1494.6p - 1451.8p) x £3 per penny stake
Profit = 42.8p x £3 per penny stake
Profit = £128.40 profit
Trading equities, whether by spread trading or otherwise, is not always straightforward. In this case, you wanted the share price to increase. Of course, it might fall.
If the SSE stock fell then you could choose to close your position to limit your losses.
Should the spread drop to 1414.8p - 1418.4p then you would close your spread bet by selling at 1414.8p. Therefore, you would make a loss of:
Loss = (Closing Value - Initial Value) x stake
Loss = (1414.8p - 1451.8p) x £3 per penny stake
Loss = -37.0p x £3 per penny stake
Loss = -£111.00 loss
Note - SSE Rolling Daily market taken as of 19-Oct-12.
SSE Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on SSE with
'SSE Spread Betting' edited by Jacob Wood, updated 03-Oct-17
For related articles also see:
Q) Average Trading Results?
A) Get free trading tips, offers, price updates, important news and more!