Glencore Spread Bets





Also see Live Glencore chart below.



Where Can I Spread Bet on Glencore?

You can put trades on Glencore by using an account with any of these spread betting platforms:

Financial Spreads ETX Capital Spreadex IG City Index
FTSE 100 Shares Financial Spreads FTSE 100 Shares ETX Capital FTSE 100 Shares Spreadex FTSE 100 Shares IG FTSE 100 Shares City Index FTSE 100 Shares
FTSE 250 Shares Financial Spreads FTSE 250 Shares ETX Capital FTSE 250 Shares Spreadex FTSE 250 Shares IG FTSE 250 Shares City Index FTSE 250 Shares
You may also be available to spread bet on FTSE 350 stocks with other platforms. Also see spread betting comparison notes.


Live Glencore Chart




Live Glencore Chart




Where Can I Get Live Spread Betting Prices and Charts for Glencore?

For investors that are trading Glencore, the providers mentioned above give users access to real-time pricing as well as charts that have a wide range of analysis options.

Typical chart:
Glencore Spread Bets - Example Chart



Glencore Spread Betting Example

Glencore Spread Bets
If you are going to spread bet on UK stocks such as Glencore then, looking at a firm like InterTrader.com, at the moment you would find a quote of 358.42p – 358.88p.

This means you could speculate on Glencore to go above 358.88p or go below 358.42p.

With spread betting, you trade on every unit the market increases or decreases. In the case of the Glencore market a unit is 1p of the UK stock’s price movement.

As an example, let’s say you decide to trade £10 for every penny Glencore moves up or down.


Buying – Speculating on the Market to Go Up

If you were to go long of Glencore at 358.88p and the UK stocks increased then the quote could change to 372.88p – 373.34p. In that case, you might decide to close your trade at 372.88p.

Profit/Loss = (closing value of the market – opening value of the market) x stake per penny
Profit/Loss = (372.88p – 358.88p) x £10 per penny stake
Profit/Loss = 14.00p x £10 per penny
Profit/Loss = £140.00 profit

Markets do of course fall, if the UK stocks decreased to, for example, 346.32p – 346.78p, you could choose to close your trade to prevent further losses. If this were the case, you’d sell back at 346.32p.

So, with the same £10 per penny stake:

Profit/Loss = (closing value of the market – opening value of the market) x stake per penny
Profit/Loss = (346.32p – 358.88p) x £10 per penny stake
Profit/Loss = -12.56p x £10 per penny
Profit/Loss = -£125.60 loss


Selling – Speculating on the Market to Go Down

One of the many advantages of spread trading is that investors can short the markets, i.e. speculate that the markets will drop.

When we began this example, the market was priced at 358.42p – 358.88p.

If you sold Glencore at 358.42p and the UK stocks went down then the quote could become 341.88p – 342.34p. Therefore, you might decide to close your position by buying at 342.34p.

Profit/Loss = (opening value of the market – closing value of the market) x stake per penny
Profit/Loss = (358.42p – 342.34p) x £10 per penny stake
Profit/Loss = 16.08p x £10 per penny
Profit/Loss = £160.80 profit

On the other hand, if the UK stocks had risen to, as an example, 372.39p – 372.85p, you might decide to close your bet to restrict your losses. Assuming this was the case, you’d buy the market at 372.85p.

Therefore, with the same £10 per penny stake:

Profit/Loss = (opening value of the market – closing value of the market) x stake per penny
Profit/Loss = (358.42p – 372.85p) x £10 per penny stake
Profit/Loss = -14.43p x £10 per penny
Profit/Loss = -£144.30 loss


Glencore Xstrata Rolling Daily market correct as of 14-Sep-17.

This is a rolling daily trade. Such trades do not have a set expiry date and automatically rolls over to the next session. If it does rollover, then you might incur a small charge or receive a small credit. For more information, please see guide to rolling spread betting markets.



Glencore Practice Accounts

The following companies have practice accounts, you can use these to have a go at trading Glencore without risking your money.



User Questions and Answers on Glencore

Leave a Reply