LONDON, April 27, 2011 /PRNewswire/ -- New and established traders with spread betting ( http://www.worldspreads.com) company WorldSpreads, who hold a minimum of GBP5,000 in their accounts, have each saved an average of GBP6,600 in trading costs since September, thanks to WorldSpreads' unique Zero Spreads (http://www.worldspreads.com/en/Spread-Betting-with-Us/zero-spreads.aspx).
The saving equates to GBP7.80 per trade compared with the spreads charged by the market average of financial spreads.
A 'spread' is the difference between quoted and market prices. Tighter spreads meanscheaper spread betting (http://www.worldspreads.com). Spreads also generate income for the provider. In 2005, WorldSpreads was the first and only company to reduce spreads to 1 point, down from an industry average of 4 - 5 points. In September 2010, WorldSpreads was the first and still the only spread betting company to reduce the spread to zero. Today the industry average is still around 2 points.
Says WorldSpreads Group CEO and founder Conor Foley: "Frequent traders still stuck with our competitors are wasting thousands of pounds a year.
"Zero Spreads has been a risk worth taking. We said this would be no introductory offer, timed promotion or loss leader and our established and new customers have taken us at our word. Together, we have set the cost of intra-day spread betting to zero. "
You can see how much you could save when you switch to WorldSpreads with our Spread Savings Calculator (http://www.worldspreads.com/en/spreadsavings).
Zero Spread Trading with WorldSpreads is available on thesepopular indices, treasuries and FX currency pairs:UK 100, DAX, CAC, EURO STOXX, Gilt, Bund, EUR/USD, EUR/GBP, AUD/USD, USD/JPY.
Spread betting is a leveraged product and can result in losses that exceed your initial deposit.
About WorldSpreads Group plc:
- WorldSpreads Group plc (AIM: WSPR) is a fast growing financial services group offering online and telephone trading. The Group's core activity is the provision of spread betting products on the financial markets to retail clients from its website http://www.worldspreads.com/.
- WorldSpreads Limited, a wholly-owned trading subsidiary of WSPR, is regulated and authorised by the Financial Services Authority and is authorised to offer its products throughout Europe. It offers a full range of spread betting prices on all the major financial markets, including stock indices, individual shares, currencies, commodities and interest rates.
- The Group floated on the London Stock Exchange's AIM market in August 2007 and gained a dual listing by joining the Irish Stock Exchange's ESM market in May 2008.
SOURCE WorldSpreads UK