Tradu Introduces Spread Betting for UK Investors
Tradu, a multi-asset trading platform provider, has introduced spread betting for UK investors. This feature offers a tax-efficient way to engage in leveraged trading. With Tradu, traders can speculate on market movements without owning the underlying assets.
What is Spread Betting?
Spread betting allows traders to profit from market movements without purchasing actual assets. Instead, traders bet on whether the price of an asset will rise or fall.
Key benefits include:
- Flexibility: Trade multiple markets like forex, commodities, and indices.
- Tax Advantage: Profits are exempt from UK Capital Gains Tax and Stamp Duty.
Features of Tradu’s Spread Betting
These are the main features of the spread betting:
Tight Spreads
Tradu offers tight spreads, enhanced by its Spread Tracker, the first of its kind in the UK. This tool provides daily comparisons against competitors.
Tax Efficiency
Profits from spread betting are free from UK Capital Gains Tax and Stamp Duty. This makes it a cost-effective choice for maximizing returns.
Interest on Funds
Traders earn 4.5% annual interest on unused funds if their equity balance exceeds £2,000 at the end of each calendar month.
Leverage Potential
Spread betting allows traders to amplify their positions with minimal initial capital.
Broad Market Access
Tradu provides access to diverse global markets, enabling traders to speculate on indices, forex, shares, and commodities without owning the underlying assets.
Exceptional Customer Support
Tradu’s customer support team operates five days a week. It offers assistance in over two dozen languages.
Benefits for Users
These are the main benefits of this addition:
Increased Trading Opportunities
Traders can now access a broader range of markets, including forex, indices, shares, and commodities, without owning the underlying assets.
Enhanced Profit Potential
Spread betting provides leverage, enabling traders to amplify their positions with a smaller initial investment. While this increases potential returns, it also comes with higher risk.
Tax Savings
Profits from spread betting are exempt from UK Capital Gains Tax and Stamp Duty. This makes it a more cost-effective option than traditional trading.
Better Cost Transparency
Tradu’s Spread Tracker ensures traders have access to daily comparisons of spreads with competitors. This transparency helps investors make more informed decisions and reduces trading costs.
Streamlined Trading Experience
Tradu’s platform allows users to switch seamlessly between leveraged trading and traditional stock investments. This integration saves time and improves portfolio management.
About Tradu
Tradu is a multi-asset trading platform. Stratos Group International, a subsidiary of Jefferies Financial Group, launched it in December 2023. It allows users to trade various assets, including equities, commodities, cryptocurrencies, CFDs, forex, treasuries, and indices, all from a single, user-friendly application. The platform aims to provide access to varied markets through a powerful, sleek app, rejecting gimmicky features and trend-chasing.
Summing Up
Tradu’s spread betting combines tax efficiency, tight spreads, and broad market access. It makes it a standout option for UK traders. Features like the Spread Tracker and interest on unused funds further enhance its appeal.
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