DXtrade Targets UK Brokers as It Allows Spread Betting Offerings

Devexperts has enhanced its white-label trading platform offering by adding support for spread betting on DXtrade. Announced on Tuesday, brokers licensing the trading platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term can now offer spread betting instruments along with forex and CFDs.

Spread betting, as its name implies, allows someone to bet on outcomes in the financial markets. These are derivative instruments, and traders can take positions both for and against the markets.

These instruments are very popular in the United Kingdom as the profits generated by trading these instruments are not taxed. Several retail UK brokers, including IG, CMC Markets, Spreadex and Trade.com, are offering spread betting instruments.

Devexperts added the spread betting support based on the high demand for these products it has observed in the past few months.

“Adding spread bets is a great opportunity for the UK brokers as it can help diversify and expand their audience. It’s an equally beneficial instrument for established brokers looking to offer something new and for startups looking to target a certain client segment,” said Jon Light, the Vice President of VP of Trading Solutions at Devexperts.

“As a broker using DXtrade, you can hedge spread bet client positions directly with the CFD market.”

A Third-Party Trading Platform

DXtrade allows brokers to license its trading platform with specific customizations. Devexperts has also been enhancing the services of its trading platform for a while now and has added high-demand features like spot crypto trading. In addition, it launched a new platform called DXtrade XT, which is focused on fractional stock trading.

To stay ahead of the competition, DXtrade has tapped the services of popular liquidity providers Liquidity Providers A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi Read this Term and hubs, including GCEX, PrimeXM, OneZero and Centroid.

While DXtrade is enhancing its service, MetaTrader platforms, which captured 83.8 percent of the total market share of FX and CFDs trading platforms by the end of Q2 2022, received a massive blow as technology giant Apple delisted its apps from App Store.