TRADE.com Launches Spread Betting Service

Retail broker TRADE.com told Finance Magnates on Wednesday that it has launched a spread betting service.

Customers using the spread betting offering will have access to several different markets and will be able to bet on more than 2,100 instruments.

Unique to the UK and Ireland, spread betting, as its name implies, allows someone to bet on outcomes in the financial markets. Its main appeal is the fact that any winnings are tax free.

A true Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term brokerage

Trade.com’s UK subsidiary, which is licensed by the Financial Conduct Authority, has set up new offices in Paddington, London, to serve its UK and Irish clientele with its current product range, as well as the newly added spread bets. The company will also be providing a set of tools, classes, and educational material to spread betters.

"As part of our expansion to become what we hope is the ultimate multi-asset brokerage, we are adding spread betting for our investors in the UK and Irish markets to our set of financial products,” said TRADE.com CEO Roei Gavish.

“These include an IPO marketplace, asset management services, direct market access and thematic portfolios. Our goal is to democratize investing so that everyone can have access to capital market solutions that suit both their objectives and investor profiles."

TRADE.com has already opened offices in Germany and Spain over the past few months. Currently, the firm has regulatory licenses in Cyprus, the UK, and South Africa.