Spread Betting Companies
May 30th, 2010This is my new website where I plan to write about different spread betting companies. I know from experience that it is often hard to know where to start when looking for spread betting companies.
I plan to write about what you need to look for, not just for spread betting companies, but also for different accounts that you may choose. I want people to understand that while you van change to a different account in the future you may want to put a bit of effort in upfront to make sure that they find one that suits you.
I have to admit that I have had mixed experiences with spread betting companies. Some have been really good and some have been poor. I know that none will be perfect but there are some that are better than others and I want you to be able to select the one that is right for you.
So where do you begin when looking at the spread betting companies? Well first of all you need to look at your own trading. You need to be extremely clear about your requirements.
My first suggestion would be for you to sit down and make a list with 2 columns next to it. The first column should be entitled ‘essential’ and the second should be desirable. An example of the of an essential requirement would be stop losses. A desirable requirement may be cashback.
Try to make sure that the list is as comprehensive as possible. Write as much down as you can even if some of the suggestions seem trivial. There is so much competition between spread betting companies these days that they are offering you so much to open an account with them. That is why it is good to write what you want down. If you don’t you will look at the first broker and they will seem great.
I will be putting together a checklist that I use and will make it available to you as soon as I can. I will also make future posts going over the specifics of what you should look for to distinguish between the spread betting companies.
Just before completing this brief introduction I would like to recommend that you get as much literature on the accounts that you can. Don’t just read what is on the internet. Phone them up and ask them to send it to you. It is a great way to find out more about the company.