10% pa gross at Spreadex

Spreadex will pay clients 10% gross interest per annum on unencumbered funds on your deposit account. To qualify, clients must place opening stakes greater than or equal to 3% of the value of the qualifying deposit.

For example, say in a particular month you have deposited GBP10,000 of which GBP4000 is currently tied up in open contracts and NTR (Notional Trading Requirement). We will pay you 10% pa gross interest on the remaining GBP6000, assuming you have placed open bets of GBP180 in that month.

All monies deposited with Spreadex are protected by the Financial Services Authority client money rules (private clients only).

Terms and Conditions:

1. Funds must be held on the deposit account.
2. Interest will only be paid if the deposit has been held for one complete calendar month.
3. Only payable on unencumbered funds as defined in the glossary in Spreadex’s Customer Agreement.
4. Opening stakes only.
5. No rolling daily bets.
6. Shares under GBP2 do not qualify.
7. All bets in S&P are divided by 10 for the purposes of calculating the amount bet.
8. Spreadex reserves the right to withdraw this offer at any time and to exercies their sole discretion as to whether or not to allow a client to open a bet.
9. Spreadex reserves the right to withdraw this offer should it have reasonable belief that the offer is being abused in any way.
10. Spreadex is the sole arbiter of these rules and any other issues arising under this offer.

Tags: spreadex

This entry was posted on Wednesday, July 4th, 2007 at 2:47 am 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.