How to Open a Spread Betting Account

Tips for Opening a New Spread Betting Account

Opening a spread betting account is relatively pain free and easy.  Before you can begin spread betting on financial markets, you will first need to open a spread betting account at a spread betting platform such as Capital Spreads.

When you go to your preferred spread betting platform you need to choose “open an account”.  The process for signing up a new account should take around 10 minutes.  Once this is done and you have been verified you will be able to spread bet across their range of markets including bonds, shares, indices and currency markets.

  • Open an Account in Just Minutes with Capital Spreads:£100 First Deposit Bonus

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Try Risk-Free Spread Betting with a Demo Account

If you are a new spread bettor then you will be given the choice of opening up a DEMO account.  A spread betting demo account allows you to become acquainted with the software, use the various tools and perform an infinite number of trades with $10,000 in play money.  It is suggested that you open up a demo account if you have never traded before.  You can analyse your different positions in the markets and test you trading ability without having to risk any money at all.  You will still see the same live markets, prices and access to technical analysis tools as a deposit account, but you won’t be risking or trading with any real money.

Once your ready to begin trading you’ll need to start a deposit account.  During the sign-up process you’ll need to select a certain currency.  This means that all of your financial transactions and stock prices will be expressed in this currency, which is very useful in the long term and avoids having to check exchange rates or anything else.

Minimum Deposit Requirements

Before you open a live account you’ll probably want to check the minimum deposit amounts.  Generally speaking, new spread bettors will want to choose a platform with a low minimum deposit requirement of around £50 – £100.

At Capital Spreads, the minimum deposit amount is just £30, however if you want to take advantage of their £250 bonus than you’ll need to deposit a minimum of £100 and place five non-equity trades.  Tradefair also has a low minimum deposit of just £50 in addition to demo accounts, video tutorials and seminars for beginners.  You’ll also receive a free copy of the Little Black Book for new traders (worth £30).

Open an Account with Capital Spreads

Capital Spreads are one of the top spread betting companies in the UK and they were voted Best Spread Betting Provider of the year by FT/Investors Chronicle in 2009.

With a Capital Spreads account you’ll be able to trade on the tightest spreads available, low margin requirements and they have their own brand new iPhone App and Learning Centre/Weekly Seminars for newer users.

Capital Spreads are currently running an interesting £5,000 FTSE spread betting promotion which allows you to win £5,000 just for guessing the FTSE 100 closing price on 31st December!  To enter this competition all you have to do is deposit a minimum of £250 and make 5 opening trades.

If you have any problems opening an account or making a trade at Capital Spreads, you can contact their excellent support team via email [email protected] or phone +44 (0)20 74756 7020.

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