LONDON--(BUSINESS WIRE)--Spread betting (http://www.cityindex.co.uk/spread-betting/) is no longer a niche option when it comes to financial trading. Economical developments such as changes to the UK tax system have created a shift in the way many traders speculate, and financial spread betting is taking an increasingly prominent role.
With Capital Gains Tax having risen to 28% in 2010 for higher rate tax payers, and spread betting profits being currently free of CGT and stamp duty*, it is no surprise that spread betting is a rapidly-expanding area of financial trading.
Spread betting provider City Index recently launched an upgraded version of its mobile trading platform across iPhone, BlackBerry and Android to make spread betting even more accessible. The company also offers free seminars and demo accounts for traders wishing to learn spread betting.
Compared to standard share trading, spread betting offers traders a great deal of flexibility. You do not need to telephone a stockbroker, you can profit from a falling market and you do not have pay to own any underlying shares. It is important to remember, though, that you can lose more than your initial deposit.
As financial spread betting looks set to continue growing over the next twelve months, this could be the perfect time to get involved. Find out how at http://www.cityindex.co.uk/spread-betting/.
Spread betting and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.
*Spread betting and CFD trading are exempt from UK stamp duty. Spread betting is also exempt from UK Capital Gains Tax. However, tax laws are subject to change and depend on individual circumstances. Please seek independent advice if necessary.
About City Index:
Today more and more individual traders are discovering the benefits of derivatives, and many of them are discovering them through a City Index trading platform.
As a group, we transact over 1.5 million trades in 50 countries every month. We provide access to a range of instruments including margined foreign exchange, CFDs and, in the UK, financial spread betting.
We constantly look to improve the performance of our platforms and expand the range of services we provide. The result is that our customers benefit from innovative trading tools, competitive spreads, and a high standard of customer support.