Spread Betting Gains Momentum Through Online and Mobile Trading

LONDON, March 5, 2012 /PRNewswire/ --

Spread betting has become increasingly popular as an alternative to traditional trading following developments in the online and mobile industries.

In the past decade, spread betting has made a significant impact on trading physical shares using a stockbroker. It could be suggested that the rise of browser-based, downloadable and mobile trading platforms could be the reason behind this.

Such alternatives, particularly for private investors, can offer great advantages by way of limiting broker costs and having easy-access to financial market information, news, tools and education.

Faster and more efficient broadband and FireWire connections further strengthen this form of trading which allows traders to capture real-time movements through their online and mobile trading tools.

Joshua Raymond, Chief Market Strategist at City Index, has worked in the industry for a number of years; he says that the difference between the early days of the spread betting industry to today is quite remarkable:

"Today, people can take a view on a financial market albeit equities, commodities, indices and many more all from the comfort of their home or mobile phone,"

He adds: "They don't need to be market analysts or mathematicians. All they need to do is pick a market, take a view and place a bet. The ease of doing this today has been revolutionary to where the spread betting industry started."

He goes on to comment about the rise of online trading platforms, saying that they have become more proficient and professional allowing spread bettors to access live and secure trading platforms 'anywhere in the world, manage their positions through a multitude of orders and even trade on the move via their mobile phones'.

Online Trading

The online trading platform from City Index provides traders with a wealth of market information and sophisticated trading tools to help realise their trading potential, allowing them to trade the opportunity as they see it.

With their unique browser-based, online trading platform, you can:

• Place trades securely from your computer 24 hours a day
• Access over 12,000 markets including global shares, indices, ETFs, forex, commodities, treasuries and options
• Access real-time financial news and analysis feeds from Dow Jones Newswires
• Access our interactive live pricing charting package which includes a range of technical analysis tools
• Create multiple watch lists to monitor potential future trades

Mobile Trading

In addition to their browser-based offering, you can also trade directly and securely from your mobile phone with City Index through their range of City Trading™ mobile trading apps.

Allowing you to trade on the move, you can access your spread betting account through dedicated apps for iPhone™, Android, Blackberry, Java and Windows Mobiles.

For example, iPhone users can:

• Check the latest prices and market movements instantly 
• Open and close positions
• Comprehensive live streaming charting package
• All the latest global investment news from Dow Jones
• Set stop and limit orders including if done and OCO (one cancels other)
• Create new or amend existing orders
• View your pending, completed and cancelled orders
• Monitor your positions using our unique positions chart
• View and amend multiple Watch Lists
• Review trade and order history
• Be confident that all your information and transactions are secure

Summary

Both spread betting and technological developments have gained momentum in the past decade. Through online and mobile trading platforms, spread bettors can trade the opportunity as they see it. How do you prefer to trade yours?

Remember, as a leveraged product, spread betting can result in losses greater than your initial deposit. Ensure you fully understand the risks.

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. We provide access to a wide range of instruments including margined foreign exchange, CFDs and, in the UK, financial spread betting.

We constantly look to improve the performance of our platforms and expand our range of services. The result is our customers benefit from innovative trading tools with transparent pricing, competitive spreads, and a high standard of customer support. Visit http://www.cityindex.co.uk/ for details.

SOURCE City Index