Alpari just became the first large broker to offer spread betting on the Metatrader4 platform. Spread Betting is a simpler way of trading various instruments as you typically only need to select the direction in which the asset is headed – up or down. The topic including technological offerings and binary broker volumes is discussed extensively in the latest Forex Magnates quarterly report. Other than Alpari only GKFX (formerly Smart Live Markets) offer spread betting from the MT4 interface.
Adding additional trading assets and instruments over single MT4 interface makes a lot of sense as it will surely drive more trading volume and may appeal to different kind of traders than the spot forex ones.
Alpari is known for its MT4 innovation and is expected to be the first major Metatrader broker to launch live MT5 trading in the coming months.
Alpari (UK) Limited (“Alpari (UK)”), one of the leading global foreign exchange (“Forex”, “FX”) brokers, is introducing spread betting on the popular MetaTrader 4 platform. Additionally, in the United Kingdom, all profits from spread betting are totally tax free*.
Spread betting allows people to bet on whether the price of an asset will rise or fall with additional benefits that include exemption of income tax, capital gains tax and stamp duty.
Daniel Skowronski, Chief Commercial Officer at Alpari (UK), said: “Spread betting is a more attractive way for investors to speculate on global markets, and due to its tax advantages, it has become one of the more favoured ways to trade in the UK. With Alpari (UK), you can trade from as little as £0.10 per point. This is another example of Alpari (UK)’s constant drive to offer our clients the most competitive products and platforms.”
Alpari (UK) offers spread betting on MT4, one of the most popular global trading platforms. Traders can also backtest, optimise and trade their Expert Advisor strategies on MT4 to spread bet Forex.
Trading Places: Finding The Best Jurisdiction for Your BrokerageGo to article >>
To start spread betting from £0.10 per point, traders have to open a spread betting account with Alpari (UK). Traders can also take advantage of Alpari (UK)’s research tools to make better-informed trading decisions.
About Alpari (UK)
Alpari (UK) Limited is an award-winning foreign exchange (“Forex”, “FX”), contracts for difference (“CFDs”) and precious metals broker headquartered in the heart of the City of London and with subsidiaries in Germany, Japan and India as well as a Representative Office in China.
Alpari (UK) Limited is authorised and regulated by the Financial Services Authority (FSA) in the United Kingdom. FSA Register number 448002. Company number 05284142. Registered office: 201 Bishopsgate, London, EC2M 3AB, United Kingdom. Alpari (UK) is an independent entity within the group of Alpari companies.
With a history dating back to 1998, the Alpari companies are among the world’s fastest growing providers of online Forex trading services, with more than 50 offices in cities in over 20 countries, including London, New York, Tokyo, Shanghai, Dubai, Moscow, Mumbai and Frankfurt. Combined, the companies look after over 170,000 active trading accounts, generating monthly trading volumes in excess of $210 billion and employ over 630 people worldwide.**
*Any profits you make from spread betting are completely free of capital gains tax, stamp duty and income tax (for UK residents). UK tax laws are subject to change and individual circumstances may vary. **May 2011
Risk Warning. Forex, spread bets and CFDs are leveraged products. They may not be suitable for you as they carry a high degree of risk to your capital and you can lose more than your initial investment. You should ensure you understand all of the risks.