Spreadex Reduces Forex Minimum Stakes and Introduces New Indices
A UK-based financial spread betting firm called SpreadEx has introduced five new indices for customers to trade on. Recently, there has been an increase in interest in index trading, with traders preferring to trade not only big indices but also sector-specific and minor nation indices.
SpreadEx launched Portugal 20 to meet this need (PSI 20) Spain 25 (IBEX 35) (BEL 20) Netherlands 25 Belgium 20 (AEX 25) Europe Tech (TecDAX) Due to their significant budget deficits, Portugal and Spain are being closely scrutinized by international investors and the EU. Investors are aware of the actions taken to reduce debt.
Due to this circumstance, trading interest in both the equity and sovereign debt markets has increased. The launch of the PSI20 and IBEX 35 indexes offers traders the chance to get exposure to those markets. The minimum stakes on Forex were modified by SpreadEx as well. 10 currency pairings may now be traded for only 10p per pip.
The modifications we made to our FX trading capabilities have increased our competitiveness in the spread betting market, according to a SpreadEx spokeswoman. We wish to provide our clients with a comprehensive and cost-effective FOREX trading platform because we have noticed an increase in the number of people looking to trade currencies recently.
The organization, which has its headquarters in St. Albans, Hertfordshire, declared: 'While operating in a highly competitive environment, the strength of the company's brand, the IT advancements of the past year, and planned enhancements in the coming months mean that SpreadEx is well positid to exiexperience continued growth.'
Spread betting enables gamblers to wager on whether a certain event, such as the share price of a corporation or the winning margin of a football club, will be above or below a range. Gamblers risk losing more money than they initially bet.
SpreadEx turnover increases by 25% as the betting company gains new clients.