Online investment advice site IndependentInvestor.co.uk has recommended both new and existing spread bettors take the time to compare different brokers and the service levels and spreads on offer, as a means of ensuring they get maximum value.
Online investment resource site IndependentInvestor.co.uk has urged spread bettors across the full spectrum of experience to consider comparing what the market has to offer, as a means of reducing the marginal costs of trading spread betting positions and to increase the profit proportion available from each trade. Different spread betting brokers quote their markets differently, and by looking around for alternative providers across the market traders can cut the spreads on transactions they trade and save money on the cost of each additional trade - simply by switching to a cheaper provider.
In tight markets where every point counts, having access to cheaper trading terms can serve as a strong advantage, preserving more profit and making it easier for transactions to run into the black, according to IndependentInvestor.co.uk.
A spokesperson for IndependentInvestor.co.uk said that by comparing the various service levels and pricing structures available in the markets, traders could easily reduce the ongoing pricing impact of the transactions they make and save more money from each position as a contribution to trading profit.
“Spread betting companies are all very different beasts, and no two different brokers offer the same terms across key markets. At the same time, highlight a distinctive cheapest provider is made all the more difficult by the number and mix of markets on offer, meaning traders are required to adopt a more proactive approach to hunting for the best deal. For those that do spare the time and effort however, the rewards can be significant - both today and in the future - as a saving on the cost of every single trade you make which in turn contributes to real money in your pocket.”
“In like for like transactions, positions with more expensive brokers have to work harder to see the same level of results. At IndependentInvestor.co.uk we feel that’s fundamentally unfair, and urge traders of all levels to make use of our comparison functions in order to find the best deal. Only by comparing what’s available in the market and on the terms that suit you is it possible to identify and act on these crucial savings.”
IndependentInvestor.co.uk provides insights and education for traders of financial instruments including shares, CFDs and spread betting. Detailing the fundamental knowledge and expertise traders need to make a profit in the markets, complete with strategies, advice and techniques for maximising success, IndependentInvestor.co.uk is designed to help traders achieve better results engaging with financial markets.
For traders comparing brokers, IndependentInvestor.co.uk is home to a series of independent write-ups and comparisons, aimed at helping traders identify the most competitive terms on their ongoing trading costs through showing narrower spreads and better service levels at a glance.