City Index Popular Spreads
Spread Betting Trading Centre: Do you charge fees for your services or is it built into the spread?
City Index Ltd: There are no fees for our services at all.
Spread Betting Trading Centre: Which safe guards does your company provide for their betters?
City Index Ltd: We offer several features which reduce the risk associated with trading the markets.
On the trading side we offer two levels of protection:
Stop-loss
Guaranteed stop-loss
A stop-loss is available to all our clients across all of our products. A guaranteed stop-loss however is only available on the most liquid instruments such as the FTSE 100 stocks, the main indices and currencies.
The difference between the two stops is that a normal stop-loss is free of charge while a guaranteed stop-loss is charged at a percentage of the value of the transaction; typically 20 basis points or 0.2%.
Spread Betting Trading Centre: What type of background checks, if any, do you require for clients?
City Index Ltd: We run extensive checks to verify the identity of the applicant.
Spread Betting Trading Centre: Do you offer your services to international clients and do you exclude particular countries because of rules and regulations with gambling?
City Index Ltd: We do offer our services globally except the US.
Spread Betting Trading Centre: What are the current most popular spread bets that you are seeing?
City Index Ltd: Popular bets vary. Last year we saw a huge inflow of money into mining stocks. Then we saw gold and commodities as the most commonly traded instrument. After that it was currencies and in particular the bet that the US dollar would deteriorate. Alongside we always see a lot of interest in the indices such as the FTSE 100 and the Dow.
Spread Betting Trading Centre: Have any sectors, stocks, indices etc fallen out of favour recently?
City Index Ltd: Certainly. Mining companies are no longer a favourite. They seem to have been replaced with a rekindle for TMT stocks.
Spread Betting Trading Centre: Do you offer demo accounts?
City Index Ltd: The Finspreads DEMO account is probably the best in the industry. It is real-time and shows exactly what you would see if you opened a real account.
Spread Betting Trading Centre: What are the most common mistakes that spread betters make?
City Index Ltd: In general clients are good at picking winners. Statistically they do better than 50/50 when it comes to winning trades over losing trades. However, the most common mistake is the propensity to let a small loss run into a big loss. This is not restricted to just spread betting but applies to any form of trading.
Another is the mistake of taking a profit too soon purely to satisfy the need for gratification. Closely followed to that is the bad trait of adding to a losing position. I could go on and on, but these are the most common mistakes that I see – in both newcomers and in seasoned traders
Page 1 A disciplined Spread Better | Page 2 Our most popular bets | Page 3 Market performace this year
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