LONDON, April 17, 2012 /PRNewswire/ --
New traders wanting to learn how to spread bet using an online trading platform can use this guide when spread betting with City Index.
First, we provide you with a step-by-step guide to opening a City Index spread betting account, before showing you how to spread bet using an online trading platform.
Start Spread Betting with City Index
Spread betting is an easy access alternative to more traditional forms of trading due to its low margin feature requiring only a small percentage of the total trade value of underlying instrument as an initial deposit; ultimately making it easier for beginners and part-time traders to access over 12,000 financial markets instantly. However, it is also important to recognize that as a margin product, you can lose more than your initial deposit.
Before you can access their range of professional trading platforms, including the online trading platform, you must first open a live spread betting account - it's easy to do and the application process is simple and secure.
Step 1. Apply: You can do this at any time by filling in an online application form through the City Index site.
Step 2. Account Confirmation: Once your application has been processed and approved, you will receive your account number via email to confirm your account to be open. At this point, your account manager will contact you by phone to answer any additional questions that you may have.
Step 3. Fund Your Account: Your initial deposit must be minimum £100, and the minimum amount to deposit thereafter is just £25.
Step 4. Start Spread Betting: You can now spread bet - and trade CFDs - from a browser-based online platform. Simply log in, choose the spread betting options, and select the market you wish to trade.
Online Trading Platform
Through the City Index online trading platform, you can access live streaming price feeds, charts and financial news instantly, whilst benefitting from 24-hour access to a wide range of financial markets.
Sophisticated trading tools and resources help you realise your trading potential and make the most of market movements as they happen.
Key features of the City Index online trading platform include:
- Place trades securely 24-hours a day from a browser
- Access global shares, indices, forex, commodities, treasuries and options - and many more
- Access real-time financial news and analysis feeds direct from Dow Jones Newswires
- Access our interactive live pricing charting package and range of technical analysis tools
- Monitor potential future trades using multiple watch lists
Why spread bet with City Index
Spread betting provider City Index allows traders to benefit from access to a wide range of financial markets, 24-hours a day, across multiple trading platforms including its browser-based online trading platform.
As a leveraged product, spread betting comes with high levels of risk; by using the right risk management tools, you could limit potential losses without capping your profit potential.
About City Index:
Today more and more individual traders are discovering the benefits of derivatives, and many of them are discovering them through a City Index trading platform.
As a group, we transact in excess of 1.5 million trades every month in over 50 countries worldwide. We provide access to a wide range of instruments including margined foreign exchange, CFD trading and, in the UK, financial spread betting.
SOURCE City Index