SPREAD BETTING
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What is Spread Betting?
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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-free1 status in the UK and Ireland. The minimum to open a live account is £50.
1Only available to residents of the UK and the Republic of Ireland. 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.
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Who can Spread Bet with FXCMUK?
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Spread betting is not being offered in any country outside the UK or Ireland, or to any non-UK or non-Ireland residents. It is not intended for distribution to, or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
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How can I practice Spread Betting?
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FXCM offers Spread Bet practice accounts on both the Trading Station and MetaTrader4 platforms:
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Do I need a different platform to Spread Bet?
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You can Spread Bet on the Trading Station and MetaTrader4 platforms, however, there are separate download links:
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How do I Spread Bet with FXCM?
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Spread Betting at FXCM is done in standardized bet sizes called lots. A lot is the smallest available bet size that you can place on your account. With FXCM the default forex lot is 1,000 units of currency, meaning the smallest bet you can place is 1,000 units. You can place larger bets, but the bet size must be in increments of 1,000.
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How do I open a Spread Betting account?
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To open a Spread Betting account, check the box to make your account a Spread Betting account on the FXCM application page. Note that spread betting is not offered in any country outside the UK or Ireland, or to any non-UK or non-Ireland residents. It is not intended for distribution to, or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
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How do I switch my account to a Spread Betting account?
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If you are currently an FXCM account holder and would like to request an FXCM Spread Betting account, please complete the Spread Betting transfer form.