Online Spread Trading Account Types

Online Spread Trading offers various types of spread betting accounts to cater to different trading needs and levels of experience. Here are the main types:

• Standard Deposit Spread Betting Account: This is the most common type of account offered by brokers. Traders open an account, deposit funds, and their trade size is determined by the margin available. The larger the deposit, the more size per point can be traded. Losses will be deducted from the account balance.

• Credit Account: This account allows traders to place spread bets with margin determined by the amount of credit provided by the broker. It is recommended for experienced traders only, as brokers typically require proof of capital to cover potential losses.

• Guaranteed Stop Loss Deposit Account: This is the least risky option. It functions similarly to a standard deposit account but requires a guaranteed stop loss to be in place before entering a trade. This eliminates the risk of gapping past a predetermined stop loss.

Online Spread Trading Broker Account Opening Process

Opening an account with Online Spread Trading is straightforward and typically involves the following steps:

• Application: Complete an online application form providing personal information such as your name, address, and employment status.

• Identification: Submit proof of identity, usually by scanning a passport or driver's license. This step is necessary for regulatory compliance and to prevent money laundering.

• Account Approval: Once the application is submitted, it usually takes just minutes for approval. You will receive a notification via email.

• Initial Deposit: After approval, you can fund your account using various methods, including bank transfers.

• Trading Platform Access: You will gain access to the trading platform to familiarize yourself with its functionalities, even before making your first deposit.

• Start Trading: Once your account is funded, you can begin placing trades according to your trading strategy.