Imagine a world where you could trade forex without incurring any fees or trade stocks tax-free. Although this may sound too good to be true, it’s worth looking into what’s on offer. Devoted traders usually have well-defined strategies and trading mechanisms, not to mention some may enjoy favorable rates due to the trading volumes they handle. But for the lesser-known, flexible investor, there are alternative investment methods that potentially simplify the process.
Financial Spread Betting providers like Tradefair, born from London’s trading floors, offer their clients the chance to trade Contracts for Difference (CFDs) as an alternative to the stocks. By operating on a spread basis — 1 bet unit per market point change — Tradefair and similar providers can offer short-term opportunities to take advantage of market movements, both upward and downward, with unrestricted trading capabilities on both fronts. Plus, this mechanism, although with minute variations, also fits into forex trading.
These initially playful offerings have gradually become more appealing to serious investors, as the potential to utilise market insights without tax restrictions becomes more widely recognised. For instance, the analytics suite, Tradefair PRO, offers over 80 analytical indicators and charting tools, along with news and RSS feeds, and immediate trading capabilities.
Simultaneously, simplified versions of the software are available, allowing users the convenience to trade using just a smartphone. This makes trading accessible from anywhere, paving the way for a future with traders not confined to their desks.
It’s also worth noting that the markets extend beyond forex, which forms a substantial part of what’s on offer. With Tradefair, users can access over 3,200 diverse international stock and currency markets, along with the opportunity to bet on broader market indices. This extensive market range consequently broadens the potential to cross-trade – for instance, trading stocks that are particularly sensitive to currency fluctuations.
If all these don’t sound too good to explore, consider the competitive landscape where firms like Tradefair, City Index, Spreadex.com, and IG.com exist. In this rapidly growing marketplace, acquiring and retaining new customers is crucial, and as a result, potential users are being lured with enticing incentives.
Currently, Tradefair is offering up to £1,000 as a welcoming bonus, contingent on an initial deposit of £10,000. This immediate 10% return is a captivating prospect for anyone confident in their trading abilities. Additionally, referrer bonuses of £50 are up for grabs for introducing new legitimate users to the platform (up to five). Although the terms and conditions accompanying these offers are relatively strict, anyone already accustomed to trading could find these added benefits compelling.
However, it’s worth noting that financial spread betting has its pitfalls, especially for those unfamiliar with forex trading. The concept that bets lose equally as they win can be a significant factor. This could lead to harsh lessons for those who are hesitant or overly optimistic when it’s time to cash out as the market trends oppose their staked positions. Despite this caveat, financial spread betting appears to be an investment mechanism worth serious consideration – even if it’s not completely infallible.
