ThinkMarkets: Spread Betting Now Available On ThinkTrader
ThinkMarkets has added spread betting to its award-winning proprietary platform, ThinkTrader.
Key Takeaways
- Spread betting is available on popular markets, including the UK100, GBP/USD and Crude Oil.
- ThinkTrader offers a sophisticated charting package with 100+ indicators, 200+ cloud-based alerts, and custom views.
- ThinkTrader is available on web, desktop, plus iOS and Android mobile devices.
- Spread bets are exempt from Stamp Duty and Capital Gains Tax in the UK.
What Is Spread Betting?
Spread betting provides an alternative way to make short-term trades on global financial markets.
As a derivative, you do not own the underlying asset and you can make money from upward or downward price movements.
The basic premise is to bet an amount of money per point of movement, with correct predictions earning you multiples of your stake for each point the market moves in your favor. Conversely, you lose multiples of your stake for each point the market moves against you.
Spread betting is similar to CFD trading but with some key distinctions. Notably, spread betting is exempt from Capital Gains Tax.
Additionally, in spread betting, all fees are typically included in the spread, whereas CFDs can also incur commissions, depending on the broker.
About ThinkMarkets
ThinkMarkets is a long-standing broker, established in 2010 and licensed by multiple tier-one regulators, including the FCA in the UK.
Alongside the user-friendly ThinkTrader, you can use the popular MetaTrader 4 and MetaTrader 5 platforms, as well as Traders’ Gym for testing short-term strategies and Signal Centre for daily trading ideas.
ThinkMarkets offers a choice of accounts, with the Standard solution offering commission-free trading with spreads from 0.4 pips, suitable for newer traders, and ThinkZero providing spreads from 0 pips with a $3.50 commission per side, geared towards experienced traders.
You can open a ThinkMarkets account with no minimum deposit.
