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What is Spread Betting?
A financial spread bet allows
investors to bet on the value of a financial instrument
rising or falling. Much like CFDs if you expect
the price to rise in value you Buy the spread
or go Long and if you expect the price to fall
in value you Sell the spread or go Short. The
amount of profit or loss you make is determined
by the amount you bet and the change in price.
How do I open an account?
To open an account online please
register your interest, call us
on 0845 872 1803 or
contact client.services@hichens.com. We
are due to launch our Spread Bet service in September 2008.
What products can I bet on?
Single stocks, indices, commodities, fixed income and forex products coming soon.
What is a Rolling Bet and what is a Quarterly Bet?
A Rolling Bet is settled daily
but has a continuous lifespan, there is no cost
associated with daily settlement. A Quarterly
Bet expires at a given date but may be rolled
to the next quarter, a rollover charge is applied
to any Quarterly Bet that is rolled.
What are the costs to bet?
Zero commission means it is
free to trade in main index constituents stocks
and all spread based products. For more information
on costs see our Market Information Sheet.
How do I place a bet?
Religare Hichens Harrison Plc. online trading platform
is quick and easy to use. Use our Video Demonstration,
open a Free Virtual Account or use the Quick Deal Guide for
a comprehensive guide to trading online.
How much can I lose?
CFD and Spread Bets are leveraged
products which means it is possible to lose more
than your initial investment and may not be suitable
for all investors.
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