Financial spread betting can appear overwhelming for a beginner…so:
5 Reasons to Try a Demo Account
Instead of risking your own money, start spread betting and CFD trading with virtual money. A demo account lets you experience spread betting and CFD trading completely risk-free.
Because the demo accounts often give you access to the real platforms, it gives you the opportunity to gain a full understanding of Guaranteed Stop orders, Limit orders, Stop Loss orders, charts and all the other features of live trading.
Should you then go on to apply for a real spread betting account, knowing the tools of the trade could well prove the difference between success and failure.
Sample Spread Betting
CFD trading and financial spread betting carry a high level of risk and are definitely not for everyone.
Most firms would much prefer you to find out the easy, risk-free way than the difficult, costly way.
It makes sense to sample spread betting and CFD trading in a controlled environment before you commit a penny of your own money towards them.
Strategies and Seminars
You should welcome input from more experienced spread bettors and spread betting seminars, but even more important is having the opportunity to apply their expertise in a practical setting.
Ultimately, your own approach to CFD trading and spread betting will become a hybrid of what you pick up from external sources and what you figure out for yourself.
Access the Real Trading Platform
You do not need to be an existing customer to sign up for and start using the CFD trading and spread betting demo account.
The City Index account simply provides you with £2,500 of virtual capital and two weeks of unlimited access to the real trading platform to see if your expectations of spread betting and CFD trading measure up to reality.
The Demo account with InterTrader, Financial Spreads and ETX Capital starts you offer with £10,000 of virtual capital and a month of access to the trading platform.
Where to Get a Free Demo Account?The following firms offer free Demo Accounts
- CityIndex (read review)
- ETX Capital (read review)
- Financial Spreads (read review)
- InterTrader (read review)
- Tradefair (read review)
Spread betting carries a high level of risk. You can lose more than your initial investment or stake. 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.