ProSpreads Now Offering Mini Lots & Retail

Sep 04, 2012, 05:00 ET from Capital Spreads

LONDON, September 4, 2012 /PRNewswire/ --

ProSpreads, the pioneers of Direct Market Access spread betting in the UK, have introduced mini lots across their range of Futures contracts and Spot FX.

In addition to this, ProSpreads have been granted a licence by the Government of Gibraltar to accept 'Retail' traders as well as 'Professionals'. This means that all the benefits of trading with Direct Market Access (DMA) are now available to a wider audience and no longer the reserve of city trading institutions and arcades.

Mini Lots are 1/10th of the contract size of the full size contract value. For example, for the FTSE 100 Future, the price is £1 per point instead of £10 per point and for the DAX Future, €2.50 per point as opposed to €25. This applies to all the Futures contracts that ProSpreads offer, and Spot FX, which means that a smaller initial outlay is required in order to trade with Direct Market Access and experience all the benefits of ProSpreads' advanced trading platform.

The functionality of the platform is exactly the same as trading normal size Futures and Spot FX, with live prices, split-second execution and guaranteed no re-quotes.

ProSpreads offer some of the tightest spreads in the industry across Bonds, Commodities, Indices, Metals, Interest Rates, Currency Futures and Spot FX. The same spreads apply to mini lots as they do to full size contracts.

With the launch of mini lots comes the announcement that Retail traders can now take advantage of the ProSpreads offering and the numerous benefits available. As per local regulatory requirements, all client funds are held in a segregated account separate from ProSpreads' funds, and retail traders will receive protection under the Gibraltar Investor Compensation Scheme which ProSpreads is a participant in. Payments under the Scheme are limited to 90% of a client's total eligible investments which qualify for compensation under the Act subject to a maximum payment to any one client of €20,000.

DMA is where an individual is able to access the underlying market directly and compete with all the other participants. There is no dealer intervention and crucially traders will be safe in the knowledge that they are not having market prices artificially manipulated against them. The ProSpreads platform shows the live, underlying market prices and volumes. By referencing prices directly from the underlying exchanges, where thousands of market participants compete to trade, ProSpreads can off ultra tight spreads and the assurance that traders will never be re-quoted.

DMA provides the ultimate in price transparency as traders can see, not just the highest bid and lowest offer, but also all the underlying bids and offers outside the market spread. The platform allows traders to trade inside the spread, or at any other price, so a buyer of the FTSE 100 Future for example, can 'join' the bid or even bid inside the spread offered by ProSpreads, giving the ultimate flexibility in trade management.

The ProSpreads platform is unique and with the introduction of mini lots and retail it is now accessible and affordable to all traders looking for that extra edge.

Spread betting carries a high risk to your capital, can be very volatile and prices may move rapidly against you. Only speculate with money you can afford to lose as you may lose more than your original deposit and be required to make further payments. Spread betting may not be suitable for all customers, so ensure you fully understand the risks involved and seek independent advice if necessary. ProSpreads Limited, incorporated in Gibraltar, is a part of the group of companies controlled by London Capital Group Holdings plc, registered number: 05497744, registered address: 2nd floor, 6 Devonshire Square, London, EC2M 4AB. ProSpreads Limited is a company registered in Gibraltar, registered number 91368. Registered address: 2/3b Horse Barrack Lane, Gibraltar. ProSpreads Limited is licensed by the Government of Gibraltar and regulated by the Gibraltar Gambling Commissioner (Gaming Licence No.28) and authorised and regulated by the Financial Services Commission).

SOURCE Capital Spreads