CFDs & Spread Bets

CFDs and spread betting are only available through their respective dedicated accounts.

CFDs can only be traded through a CFD account, and spread bets can only be placed through a spread betting account. These products are not available within other account types such as ISAs, SIPPs or standard investment accounts. To find out more about our CFD accounts click here.

We currently offer leverage to retail clients in line with UK regulatory requirements.

The maximum leverage available is up to 30:1, depending on the underlying asset and applicable leverage limits.

Leverage levels vary by market and are subject to the standard regulatory framework for retail clients.

Yes, aside from leverage on CFDs, they also apply to Spread Bets. Our other investment products such as ETFs are not leveraged-based.

We aim to offer competitive spreads across our trading products. Spreads may vary depending on the product, market conditions and liquidity at the time of trade. Where relevant, current spreads will be shown clearly in the platform before you place a trade.

A Contract for Difference (CFD) is a trading product that lets you speculate on whether the price of an asset, such as a stock, index, commodity, or currency, will go up or down without actually owning it. When you open a CFD trade, you agree to exchange the difference in the asset's price between the time you enter and exit the trade.

If you think the price will rise, you can open a BUY (long) position. If you think it will fall, you can open a SELL (short) position. Your profit or loss is based on how much the price moves in your favour or against you.

CFDs are usually traded using leverage, which means you only need to put up a fraction of the trade's total value. While this can increase potential profits, it can also magnify losses, making CFDs a higher-risk form of trading. For beginners, it's important to understand the risks and practice good risk management before trading with real money.

A spread bet is a way to speculate on whether the price of a financial market will rise or fall without owning the underlying asset. Instead of buying a certain number of shares or contracts, you bet a specific amount of money per point of price movement.

For example, suppose the price of an index is 8,000 and you place a spread bet of £5 per point that the index will rise. If the index increases to 8,020, it has moved 20 points, so you make:

20 points × £5 = £100 profit

If the index falls 20 points instead, you lose £100.

Like CFDs, spread betting is usually leveraged, meaning you only need to deposit a margin rather than the full value of the position. This can amplify both profits and losses.

In the UK, one notable difference is that profits from spread betting are generally not subject to Capital Gains Tax, although tax treatment depends on individual circumstances and can change. CFDs and spread betting are very similar in how they work, but CFDs are structured as contracts, while spread betting is structured as a bet on price movements.

We currently offer leverage to retail clients in line with UK regulatory requirements. The maximum leverage available is up to 30:1, depending on the underlying asset and applicable leverage limits. Leverage levels vary by market and are subject to the standard regulatory framework for retail clients.

Yes, aside from leverage on Spread Bets, they also apply to CFDs. Our other investment products such as ETFs are not leveraged-based.

The terms spread betting and spread trading are often confused because they sound similar, but they usually refer to different things.

Spread betting is a leveraged financial product where you speculate on whether a market's price will rise or fall. You stake an amount per point of movement. Example:

• You bet £10 per point on an index at 8,000.
• The index rises to 8,020.
• Profit = 20 points × £10 = £200.

You're trading the direction of a single market.

Spread trading on the other hand, usually means trading the price difference (spread) between two related markets, rather than betting on the direction of one market. Example:

• You think FTSE 100 Index will outperform DAX.
• You BUY one and SELL the other.

If FTSE performs better than DAX, you profit from the change in the gap between them, even if both markets fall overall.

Spread betting = a UK trading product where you bet money per point on a market's movement.

Spread trading = a trading strategy that focuses on the difference between two related prices.

CFD and Spread Bet accounts are open to eligible UK residents above the age of 18. To get started, we'll check that you have the experience needed to use these products confidently.