Frequent Spread Betting Traders Save GBP6,600 in Six Months With WorldSpreadsBy Worldspreads Uk, PRNE
Tuesday, April 26, 2011
LONDON, April 27, 2011 - New and established traders with spread betting (
www.worldspreads.com) company WorldSpreads, who hold a minimum of
GBP5,000 in their accounts, have each saved an average of GBP6,600 in trading
costs since September, thanks to WorldSpreads' unique Zero Spreads
The saving equates to GBP7.80 per trade compared with the spreads charged
by the market average of financial spreads.
A 'spread' is the difference between quoted and market prices. Tighter
spreads meanscheaper spread betting (www.worldspreads.com). Spreads
also generate income for the provider. In 2005, WorldSpreads was the first
and only company to reduce spreads to 1 point, down from an industry average
of 4 - 5 points. In September 2010, WorldSpreads was the first and still the
only spread betting company to reduce the spread to zero. Today the industry
average is still around 2 points.
Says WorldSpreads Group CEO and founder Conor Foley: "Frequent traders
still stuck with our competitors are wasting thousands of pounds a year.
"Zero Spreads has been a risk worth taking. We said this would be no
introductory offer, timed promotion or loss leader and our established and
new customers have taken us at our word. Together, we have set the cost of
intra-day spread betting to zero. "
You can see how much you could save when you switch to WorldSpreads with
our Spread Savings Calculator (www.worldspreads.com/en/spreadsavings).
Zero Spread Trading with WorldSpreads is available on thesepopular
indices, treasuries and FX currency pairs:UK 100, DAX, CAC, EURO STOXX, Gilt,
Bund, EUR/USD, EUR/GBP, AUD/USD, USD/JPY.
Spread betting is a leveraged product and can result in losses that
exceed your initial deposit.
About WorldSpreads Group plc:
- WorldSpreads Group plc (AIM: WSPR) is a fast growing
financial services group offering online and telephone trading. The
Group's core activity is the provision of spread betting products on the
financial markets to retail clients from its website
- WorldSpreads Limited, a wholly-owned trading subsidiary of WSPR,
is regulated and authorised by the Financial Services Authority and is
authorised to offer its products throughout Europe. It offers a full
range of spread betting prices on all the major financial markets,
including stock indices, individual shares, currencies, commodities and
- The Group floated on the London Stock Exchange's AIM market in
August 2007 and gained a dual listing by joining the Irish Stock
Exchange's ESM market in May 2008.
Nick Hadjinikos, Kallinos Communications, Tel: +44(0)20-8940-8239
Tags: April 27, London, United Kingdom, Worldspreads Uk