Pepperstone, the Australia-based online trading provider that integrated with TradgingView early last year, has now introduced 'tax-free' spread betting for its users on the social charting platform. According to the forex and contract for difference (CFDs), brokerage, its UK customers can now make spread bets on instruments such as forex, indices, commodities, and shares, directly on TradingView’s customisable charts.

Goodbye to “Screen Switching”

Pepperstone announced the new feature in a statement shared with Finance Magnatestoday (Friday). The broker noted that its UK-based traders no longer have to engage in “screen switching” in order to use TradingView while spread betting on its platform.

Tamas Szabo, the Group CEO of Pepperstone, said the feature means its customers can “trade the way they want to trade” on TradingView. The feature will “transform the trading experience” of the firm’s clients and “present more opportunities for Pepperstone’s UK clients in the future.”

“Pepperstone is now one of the only TradingView brokers to provide their UK clients with the benefits of spread betting,” Pepperstone further commented in the statement. “Spread betting with Pepperstone means having access to consistently competitive spreads, low latency, fast execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term and award-winning client service.”

Solid Growth in the UK

The integration of Pepperstone’s spread betting into TradingView for UK traders appears to be a strategic move. Last year, Pepperstone’s profit before tax from its British operations more than doubled, hitting £4.6 million. In addition, the broker saw its trading revenue escalate by 36% to £10.7 million during the 2022 fiscal year that ended on June 30th.

However, the performance failed to beat the trading firm’s output from fiscal year 2020, Finance Magnates reported. Two years earlier, the broker’s profit before tax came in at £7.7 million, with revenue jumping to £12.7 million.

In the annual report filed with the UK Companies House, the broker defended its performance during the two fiscal years. The company offered a simple explanation: Two years earlier, Pepperstone UK had European clients under its care; hence, a significant discrepancy.

In addition, Pepperstone noted that market volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term triggered by the COVID-19 pandemic in 2020 helped the company to produce “exceptional revenue and profit before tax” during the earlier period.

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