Spread betting allows you to bet on the price fluctuations of various financial markets. Spread Betting accounts operate similar to the standard FXCM LTD accounts, but enjoy special tax-free* status in the UK and Ireland. The minimum to open a live account is £50. Only available to residents of the UK and the Republic of Ireland.
Spread betters at FXCM have access to trade over fifty currency pairs, indices, oil and metals. The goal of spread betting is similar to the goal of stock trading where you attempt to "buy low and sell high". Rates fluctuate up and down throughout the day, provide spread betters with trading opportunities.
* The UK tax treatment of your financial betting activities depends on your individual circumstances and may be subject to change in the future, or may differ in other jurisdictions.