Capital Spreads reduces Wall Street spread to 2 points

Spread betting providers Capital Spreads have just announced that they have cut their Wall Street Rolling Daily spread to just 2 points. The reduced spread is available throughout the trading day from 23:00-21:15, Sunday to Friday.

Angus Campbell, Head of Sales said that the tighter the spreads the cheaper it is to trade. ‘Whenever we survey our clients they always say that the spread is the most important thing.’

Capital Spreads continues to charge very competitive spreads on most other markets with just one point on the rolling daily FTSE, four points on the rolling daily Wall Street, 0.1% on FTSE 100 shares and five points on Brent crude and gold.

1 point FTSE (08:00 – 21:00)
1 point DAX (07:00 – 21:00)
1 point EUR/USD (24 hours)
2 points GBP/USD (24 hours)
5 points Gold (24 hours)

A company spokesman has pointed out that Capital Spreads runs a spread of just 1 point on the FTSE 100 Rolling Daily market from 8am until 9pm (UK time); despite the underlying market closing at 4.30pm. In contrast, he said many of their competitors increase their spreads at 4.30pm or offer ‘variable’ spreads which means you may not be getting the best value possible.

Tags: capital spreads, CapitalSpreads

This entry was posted on Wednesday, June 2nd, 2010 at 2:11 pm and is filed under Broker News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.