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Spread Betting on AIM Stocks and Small Caps
European — Belgian, Dutch, French, German, Italian, Norwegian, Portuguese, Spanish and Swiss. The list of shares available on our website is not exhaustive. Should you not see a stock that you are interested in trading then please call us on or email fins spreadex. With spread betting you do not own any stock as you would when buying a share, you simply have a financial interest in the price movement of that stock.
For UK shares you trade in pounds per penny movement. It should be noted this not the total amount that can be lost on the trade but the minimum amount you need to set aside to place a specific trade. Remember with spread betting you can profit from stocks falling in value as well as rising, unlike traditional share trading.
To see our latest NTR rates on shares, search for your chosen stock here. You can see this information in the shares information ticket. Rolling and Apple Inc. All trades in the same direction across the instruments contained within a risk category are taken into account when working out how much NTR is required for trades within that category.
When calculating NTR across a risk category the trades within the category are ordered so that when the tiered NTR is calculated you should get the lowest possible NTR. NTR Tiers An instrument may have a collection of associated NTR tiers, the NTR tiers determine what the NTR requirement for a single unit of stake will be, dependent on how much total stake is wagered in that direction across the instrument's risk category.
It is important to remember that if an instrument is tiered then the NTR benefits when using a non-guaranteed stop will only be applied for the portion of the stake that is wagered within the first NTR tier so in the above example the benefit would apply on the first units. The benefits of a guaranteed stop are applicable across all NTR tiers.
Please see below examples for details on how NTR requirements when using stops work. You can view the margin requirements for a given index in its information ticket. Offsetting If you have an open buy position on one instrument in a risk category and have an open sell position in another instrument in the same risk category you will only be charged NTR on the trade with the larger stake.
This is because the risk on the two trades offset each other. Average NTR As your stake is tiered across all the trades on instruments within a risk category in a given direction the total NTR for the risk category is calculated.
This is then used to work out the NTR per stake unit for the risk category. Therefore the NTR displayed in the open position list for a single trade is: NTR When Placing a Trade When placing a trade the NTR requirement will be the difference between your NTR across the risk category before placing a trade and the NTR across the risk category after placing a trade.
If the difference is negative you have reduced your risk by taking an opposing position then the NTR requirement will be zero. Some examples follow for single trades with no existing open positions in the same risk category and stakes that are large enough to be affected by the tiering process. A trade with no Stop: First the stake is split into the margin tiers, then for each tier the following calculation is applied.
A trade with a Stop attached: As a result, we reduce the amount of NTR that we require from you to hold this position. To calculate the new NTR requirement there are three steps to take: Split the stake into the margin tiers then for each tier a Look at the tier NTR requirement for the trade without a Stop b Look at the loss you would make if your proposed Stop triggered c Add these two figures together and divide by 2 For Example: The BP, Rolling is trading at A trade with a Guaranteed Stop: The NTR requirement for this position is simply the difference between your opening level e.
Click the following link to find out information on setting your Trading Preferences. Quarterly trades will be automatically rolled by us during the final trading day of the existing contract, if you have indicated to us you wish for this to happen via your roll preferences. Should you wish to roll your position before this date then you may do so by contacting our dealers.
The opening price in the next quarterly contract will be the closing price plus half the Spreadex spread and the funding for the new quarter.
If you hold a Daily Rolling bet through the close of the relevant exchange Funding is charged to reflect the cost of financing a position that you hold having only put down a fraction of the value as a deposit. Therefore if LIBOR was 0. Unlike long positions, the total funding adjustment on short positions can result in either a positive or negative funding adjustment, so your account can be credited or debited funding.
If LIBOR was 0. As with a daily rolling bet funding is charged as a percentage over LIBOR. There are three quarterly contracts available to trade at any one time and they are priced off 3 month, 6 month and 9 month LIBOR respectively from opening. To work out the funding charge for a quarterly contract you take the days left in the contract and divide by and multiply that by the interest rate.
You are looking at a Barclays contract which expires on 20th March. The date today is the 24th January. The days remaining in the contract are The contract is now being priced off three-month LIBOR which is at 0. Barclays is trading at p. For up to date charges please contact our trading desk on Our share spreads are calculated as a percentage of the current price of the share and are added to either side of the underlying market cash spread.
Therefore as the spread in the underlying market varies so too does our spread. You can generally use a Guaranteed Stop on all FTSE shares, however, there may be restrictions if the stock is currently in a bid situation.
We do not accept Guaranteed Stops on non-FTSE or overseas shares. Premium charges vary per stock, for details of each individual charge please refer to the market info pages. In periods of extreme volatility we may remove the ability to place Guaranteed Stops on certain stocks. To place a Guaranteed Stop click on the trade button next to the desired stock and bring up the dealing ticket. The minimum stop distance allowed will be displayed to the right-hand-side of the 'Stop' box. Enter your desired level into the box and then hit either 'Sell' or 'Buy'.
All things being equal, when a company pays a dividend to its shareholders, the value of the share price should fall by the same amount as the dividend paid. If you hold a position in a stock through the close of the underlying cash market on the day before the ex-date, a cash adjustment will be made on your account that evening to reflect the dividend being paid. In some circumstances we will pay the dividend the day after the ex-date typically this occurs with small cap stocks.
This will be done via an appropriate cash adjustment on the account. Dividends can be subject to withholding tax. This is simply a charge passed on and not levied by us. Withholding tax rates do vary from country to country. If you would like to know the withholding rate for a dividend please call one of our financial traders on Please be aware that all of the above details are for guidance only.
Subject to the details of any Corporate Action your position may be treated and adjusted in a different manner and we will inform clients as soon as is reasonably practical.
You will see this message when you are unable to go short sell a share. This would occur if there is no available borrow in the underlying cash market or if there is a short selling ban implemented by the relevant country.
Although you do not own shares when taking out a spread bet, we will, whenever possible, replicate what occurs in the market should you hold the physical stock, so that your exposure remains the same as it was before the Corporate Action.
Open Offer An open offer is where a shareholder is given the opportunity to purchase stock at a price that is lower than the current market price. The purpose of such an offer is to raise cash for the company.
At a point on or just after the ex-date we will inform you of the terms of the offer and advise you of any deadline with regards making a decision as to whether you would like to take up the offer. If you let the offer lapse there will be no change to your position. If you take up the offer, a separate position will be booked as per the terms of the offer in the same contract as you hold the original position. This will be booked at the fair futures premium of the subscription price with no additional spread charged by us.
If you are short sell a stock that is subject to an open offer, you will not have any option and risk being taken up against if all the long buy holders take up their offer.
You will again find a separate short sell position booked on your account as per the terms of the offer in the same contract as you hold the original position. Again, this will be booked at the fair futures premium of the subscription price with no additional spread charged by us. Rights are often transferable, enabling a holder to sell them on the open market On the ex-date, the rights will get booked to your account as a separate position under a new line if you have a position in Barclays, the rights will be booked under Barclays NP at an opening level of zero.
We will contact you to advise you of this and of the timetable and deadline involved with the rights issue. If you are short sell you risk being taken up against, or you may buy the rights back if they are tradable. If you take up the rights, or have them taken up against you, on the pay date of the rights issue, your rights position will expire at zero and a new position will be booked on your account in the underlying share, in the same contract period as your original position.
Your opening level will reflect the fair futures premium of the subscription price of the rights issue. The total value of the shares therefore, remains the same.
By the same token a Reverse Stock Split reduces the number of shares in circulation but increases the share price. If you have a position in a company that enters a stock split, your original position will be closed at entry level to ensure no profit or loss is realised. A new position will then be opened in the same contract to reflect the ration of the split. The price offered is generally at a premium to the market price.
We will contact you with the terms of the tender offer and the timetable for it.
The key steps to successful spreadbetting | Shares Magazine
At or close to the deadline we will again endeavour to contact you to receive your instructions. If you choose not to take up the offer and where the offer has not become conditional, your position will remain unchanged. However, it is always your responsibility to inform us of your intentions. Failure to do so will result in the default action being applied to your account.
Shares Spread Betting Guide
This is not an exhaustive list of potential Corporate Actions. We will always inform of any other actions that your position may be subject to and will, where necessary, take guidance from our brokers to reflect in your position what would occur should you actually hold the physical stock. Our financial traders are available to answer any questions you may have relating to Corporate Actions on SETS is an electronic order book system which allows all market participants to place bids orders to buy and offers orders to sell for the stock themselves.
The SETS stocks tend to be the larger companies, in particular those that have at any time been a member of the FTSE index. This system usually provides greater liquidity in the market. This generally translates to near-instant execution when submitting a bet request and the ability to place larger stake trades. Market Maker MM stocks are those not traded on the electronic SETS exchange. Instead, professional bodies, called Market Makers, quote a bid and an offer for the stock in question in a fixed number of shares.
The bids and offers of all the participating Market Makers are displayed with the best bid and the best offer becoming the market spread of the stock. It is important to note that the prices displayed by market makers are not absolutely guaranteed for trading. Due to the smaller number of market participants and the fixed number of shares on the bid or offer at any one time, Market Maker Stocks are illiquid by nature and often extremely so. Due to their nature we are unable to offer a stop with MM stocks.
Please note that due to the lack of liquidity in MM stocks, when a bet is of sufficient size that an equivalent transaction on the exchange would be in excess of 4 x NMS or where any number of bets are together in excess of 4 x NMS then bets not already closed by the client by the last time for dealing may be automatically rolled over, regardless of trading preferences set. When the share goes into auction it is not possible to buy or sell a share. Generally you can tell if a share is in auction if the bid price is greater than the offer price although this is not always the case.
If you try and place a bet online when a share is in auction, your request will be rejected. Auctions also occur at the start and close of each trading day There is no online trading during this period, however, you may phone in to place an order during the auction period. Some Market Maker stocks are displayed as phone only due to the lack of liquidity typical in these shares and our need to often check with the market as to the actual price being bid or offered.
Where we do not have a live feed in some of our non-UK stocks you will find these displayed as phone only. To trade these, simply call our financial traders on and we will be able to provide you with a live quote. From time to time we may place other shares temporarily on phone only. If you are looking to place a bet on them then just call our financial traders on All bets you place are denominated in the currency of your account - not in the currency of the stock's respective country.
We will use the prevailing FX rate on opening the bet to convert your stake from the stock denomination to your account denomination and you will not have any currency risk attached to the position. For example you buy shares of Goldman Sachs For stocks that can be shorted in the underlying market, this borrowing charge will be the applicable rate in the underlying market plus a reasonable charge.
If there is no underlying borrow available in the stock, we may still allow you to place a down Bet against our overall long book exposure if we judge that we have sufficient customers who are long. To determine whether a Borrowing Charge applies, call our traders in advance of placing the Spread Bet and we will advise on the applicable rate.
The borrowing charge if applicable will be accounted for in a daily cash adjustment applied to your account. Where shares are called back ie. The borrowing charge and the ability to go short, can change at short or no notice.
Borrowing charges can also be levied at any point during the life of your open bet and not just on opening. We operate an automatic close out policy which means all of your positions may be closed without notice to you if your account reaches the Close Out Level. Please see Rule 21 of our Customer Agreement.
This means that if the cash in your trading ledger, plus any profit and minus any loss on your open spread bets, plus any credit limit but not taking into account any balance on your Fixed Odds Ledger is a negative figure, we will be entitled to close out all of your spread bets without notice to you. You should ensure you have sufficient cash in your account at all times to ensure your bets are not closed out.
This is particularly important during volatile markets or if you are travelling. Please note that your sports spreads and fixed odds bets will not be closed as a result of your financial spread bets breaching your close out level. For a selection of US Stocks we offer clients the ability to trade these online during the pre and post market sessions offered by the underlying exchanges outside of normal market hours.
You can identify which stocks this is available on by checking if they have the text All Sessions after their name, e. This could affect the spread quoted by Spreadex or cause any stop or limit you may have working to trigger. These stocks collectively make up the FTSE index. Because of the nature of the these companies you will often find more favourable margin rates and spread widths when placing a financial spread bet on a UK share.
These stocks collectively make up the FTSE index and, in addition to the FTSE stocks, form the FTSE index. UK stocks are liquid stocks and while not offering as favourable margin rates or spread widths as UK stocks, can still provide good value in terms of financial spread betting.
UK non Shares are small cap stocks listed outside the companies in the UK index. Most are listed on the Alternative Investment Market AIM and include the likes of Sound Energy, Sirius Minerals and ASOS. Small cap or AIM stock listed shares are typically far less liquid than UK companies and can often be more expensive to trade on in relation to financial spread betting. However, Spreadex is known for its specialist small cap coverage and has some of the lowest margin rates in the industry for AIM stock spread betting.
It can often be expensive to spread bet on these types of companies. Some of the familiar names listed among our US shares include Alphabet Google , Apple, Boeing, General Electric and JP Morgan Chase. If you want to bet on a share that is not listed on our website, please call our financial room on and we will do our best to accommodate your request.
At Spreadex you can spread bet on all major European shares, including those listed on the DAX, CAC, Swiss Index and Euro Stoxx Some of the familiar names listed among our European stocks include Banco Santander, Nokia, Philips and Unilever. Terms and Agreements Self Exclusion Risk Notice Sitemap Contact Us Spreadex Social Media Sitemap Mobile Site Careers.
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Share Spread Betting Costs and Details | IG UK
How to open an account. Stop losses and limit orders. Sign up for information. Bonds and Interest Rates. Spreadex In The News. Home Financials Range of Markets Shares Shares FAQs. US — we offer bets on companies listed on both NYSE and Nasdaq exchanges. All other countries worldwide we will try and accommodate your request where possible. HOW TO roll a quarterly trade Click the following link to find out information on setting your Trading Preferences.
HOW To work out the funding charge for a daily rolling bet If you hold a Daily Rolling bet through the close of the relevant exchange HOW To work out the funding charge for a quarterly bet As with a daily rolling bet funding is charged as a percentage over LIBOR.
When added to the cash price ie. If you are long have bought a stock, the dividend adjustment will be credited to your account. If you are short have sold a stock, the dividend adjustment will be debited from your account.
HOW TO trade a market displayed as buy only You will see this message when you are unable to go short sell a share. If you already hold a long buy position in the stock you would be able to sell to close. HOW TO trade in SETS and MM shares SETS is an electronic order book system which allows all market participants to place bids orders to buy and offers orders to sell for the stock themselves. HOW TO trade US STOCKS DURING PRE AND POST MARKET SESSIONS For a selection of US Stocks we offer clients the ability to trade these online during the pre and post market sessions offered by the underlying exchanges outside of normal market hours.
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