Capital.com Launches Spread Betting with 2,500+ New Markets
Capital.com, the dynamic and rapidly growing global trading platform, has revealed the launch of an upgraded spread bet offering tailored for UK traders. This strategic move introduces an extensive selection of over 2,500 new tradable share markets, reinforcing Capital.com’s commitment to meeting the evolving needs of its clients.
About Capital.com
Capital.com is a high-growth fintech powerhouse, revolutionizing the financial landscape by providing simple and innovative online trading platforms. With an intuitive and award-winning trading ecosystem accessible through web and app interfaces, the platform empowers investors to engage with thousands of global markets seamlessly.
Integrating robust risk management controls and transparent pricing enhances user confidence, while the all-encompassing ‘Investmate’ app offers invaluable financial lessons and educational content.
Operating globally with offices in Cyprus, the UK, and Australia, Capital.com reported an impressive 83% growth in user accounts in 2022, solidifying its status as one of Europe’s fastest-growing investment trading platforms with over 7 million registered users.
It has regulatory authorizations from
- Financial Conduct Authority (FCA)
- Cyprus Securities and Exchange Commission (CySEC)
- Australian Securities and Investments Commission (ASIC)
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What is Spread Betting?
Spread betting is a financial derivative that lets traders speculate on an underlying asset’s price movements without owning it. Regarding trading, spread betting is a popular method among traders. It involves predicting an underlying asset’s activities, such as whether its price will increase or decrease. The accuracy of these predictions determines whether traders make a profit or a loss.
The difference between the bet’s opening and closing prices determines the profit or loss. Spread betting is a popular UK trading method, allowing users to speculate on various financial markets, including stocks, indices, currencies, and commodities. One of the significant benefits of spread betting is that it is tax-free. However, it is essential to note that spread betting is high-risk and can lead to substantial losses if not managed properly.
Specialties of Capital.com’s Spread Bet Offering
The company runs a leading CFD trading app and has enhanced its offering by adding spread betting for traders. Let’s see which are the key features of the offering.
- New Markets: UK traders can now access over 2,500 further spread betting share markets, including popular shares like NVIDIA, Coinbase, and Netflix, providing a more comprehensive trading opportunity to diversify their portfolios.
- Competitive Spreads: Capital.com offers some of the lowest spreads on indices in the market, starting from minimum spreads of 0.1 for shares and 0.6 for major indices, forex, and commodities. However, these competitive bid-ask spreads are applicable only during on-hours trading.
- Zero Admin Fees: Capital.com has simplified its fee structure for traders. The enhanced spread bet offering includes zero account fees, inactivity fees, and fees on deposits and withdrawals. Overnight positions on FX share bets are charged at the relevant interest rate benchmark plus/minus 1.5%, while other markets are charged at the appropriate interest rate benchmark plus/minus 4%.
Conclusion
Capital.com is expanding its presence in the UK while maintaining its commitment to enhancing its spread bet offering. The platform has launched over 2,500 new tradable markets, demonstrating its dedication to meeting the exacting needs of its clients. Capital.com is a top provider of trading solutions globally, catering to client’s needs by offering choice, access, and satisfaction.
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