Setting up a spread betting account is much simpler than most people imagine. The spread firms want to widen their audience appeal and the only way for them to do that successfully is to make it as easy as possible to open an account. The issue also include a small selection of the most useful research sources, including some of the books and websites used by the firms’ market-makers themselves.
With luck it will help everyone if not to make their fortune at least to get through unscathed. In fact, one can bet on almost anything that can be logged numerically. We will examine in a later topic of some of the limited risk options that are on offer to the more wary gambler, but in effect there are two options for new accounts. The first is a debit account.
This involves clients making funds available either by sending money to the firms to deposit in an account or directly debiting their bank accounts by Switch card before placing a spread bet. This is fast becoming a popular option, especially for newer devotees of spread betting who want to know the maximum they might lose before they bet. Losses are taken directly from the bank account and winnings paid directly in.