TD Waterhouse Spreads
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TD Waterhouse offers Financial Spread Betting on underlying financial instruments such as equities and index markets. It is a simple, versatile tool that can help you profit from both up and downward movements in the price of an individual stock or index.
Key Advantages of Spread Betting:
- Tax Free Trading
- Profits free from UK capital gains tax*
- There is no UK stamp duty*
- Take advantage of differences in market volatility between equities, indices, currencies or commodities
- Leverage - enables you to produce a greater percentage profit or loss from each trade
- Trade long and short - benefit from both rising and falling markets
- All bets in GBP - avoid foreign exchange exposure
- Fully interactive online dealing - for more information on the markets offered see: TD Waterhouse Spread Betting Markets
What does Spread Betting cost?
TD Waterhouse Financial Spread Betting Service does not charge a commission per spread bet because our money is made from the spread that is offered on the value of the financial product or market. The spread is the difference between the buying and selling price of a financial product or market.
What is Financial Spread Betting?
Spread Betting lets you bet on whether you think the value of a financial market or product will rise or fall.
You specify an amount you want to bet on each point movement. For an example see FTSE spread betting.
You do not actually buy the financial product or market. Instead you agree to exchange the difference between the opening and closing value of your spread bet but pay a margin, which is a deposit of the overall value of the trade (typically 10%).
This margin payment means you can make a much larger position than if you were paying for the full value of the product or market. Note that the profits and losses are magnified in exactly the same way.
Your profit or loss is the difference between the opening price and closing price of your spread bet multiplied by the amount you specified per point movement.
Financial Spread betting is a derivative product. A derivative is a product whose value is derived from the value of an underlying financial security, stock market index, commodity or rate. It is a financial contract between a trader and a provider to exchange future cash flows.
Financial spread betting carries high risk, it is possible to quickly lose more money than your initial deposit and you may be required to make further deposits at short notice. Financial spread betting is not for everyone so please ensure you understand the risks.
Market Regulation
TD Waterhouse Financial Spread Betting is a trading name of City Index Limited (CI), who is a provider of financial spread betting and whose head and registered office is Moorgate Hall, 155 Moorgate, London, EC2M 6XB. For the purposes of financial spread betting any contract is between you and CI and all dealing, administration and settlement is carried out by them and TD Waterhouse Investor Services (Europe) Limited are not responsible for any of the functions they perform. Your account is held with City Index Limited (CI), which is authorised and regulated by The Financial Services Authority (FSA Registered Number: 113942).
"TD Waterhouse Spreads" last update by R Thomas, 09-Mar-2010
Warning: Financial spread betting carries a high level of risk. You can lose more than your initial investment or stake. Financial spread betting may not be suitable for all investors. Only trade with money that you can afford to lose. Make sure you fully understand the risk involved. If necessary, seek independent financial advice.
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