Spread bets are complex products and are deemed high-risk due to their speculative nature and leverage.

Spread betting is generally tax free in the UK and Ireland as it is considered gambling by HMRC, meaning profits are exempt from capital gains tax. However, if it becomes your primary source of income, income tax may apply. Always consult a tax advisor.

A pip is the tradable point in CFD trading. This means your position size correlates to the pip value you change, e.g., one standard lot of FTSE equals £10 per pip movement. If the market moves 5 pips, this is a profit or loss of £50.

The spread is the difference between the buy and sell price. It’s a built-in cost you pay when opening a CFD trade.

This is dependent on the classification of your account. Retail traders in accordance with regulation cannot have margin offsets.

The underlying asset refers to the product you are trading, such as Brent crude oil or physical gold.

With a CFD you can trade the following asset classes: FX, Indices, Commodities, Equities, treasuries and cryptocurrencies. Please note Crypto is not available to retail clients.

Speculating for the price to fall on a given market.

CFDs can be used to trade multiple asset classes such as FX, commodities, treasuries, shares, and indices. They also allow leverage and short positions for hedging and diversification purposes.

We are a UK-domiciled financial institution and have clients worldwide. However, due to certain legal and regulatory restrictions, some residents may not be permitted to open an account. Please contact support for details.