Spread Co Challenges You To Beat Their Trader!

UK Spread Betting and CFD Provider Spread Co Ltd has launched a challenge to all traders – beat its Head Trader in a head-to-head challenge and claim up to £150 to celebrate the release of their new, improved trading platform.

All new accounts can take up the challenge with Rajesh Patel, Spread Co’s Head Trader, after placing four qualifying trades by choosing a trade from a selection of popular markets including indices, commodities and currencies.

Rajesh will respond to the challenge with a similar size trade of his own. If the client makes a bigger profit on their trade than Rajesh twenty four hours later, Spread Co will double the clients profit by up to £150. If the client incurs a loss on the trade, but betters Rajesh’s return, Spread Co will refund the loss up to £150, hence the ‘No Tears’.

The idea is a twist on the famous challenge in the Michael Lewis book Liar’s Poker (‘One hand, One million dollars, No tears’) and was trialled with attendants at recent investor exhibitions, where it received a very positive response according to Raj.

‘Clients loved the idea of taking me on – the gladiatorial spirit was well and truly to the fore as they searched for what might be a winning trade. And luckily for them, they beat me more often than I would have liked, so my ego, and our promotions budget, took a beating for sure!’.

You can follow Raj’s progress via a Daily Diary on the Spread Co site and by also signing up to his Twitter feed at http://twitter.com/SpreadCo

Spread Co also announces the release of their new, improved trading platform and the expansion and improvement of their services.

Spokesman Ian O’Sullivan said ‘Spread Co has always had one of the most professional and slick trading platforms in the business and this latest release improves it further. We have been speaking to our clients from all over the world and have implemented some of their suggested improvements. There are also a number of further improvements in development, so watch this space’.

Ajay Pabari, CEO of Spread Co added: ‘Spread Co have also expanded our product offering, with additional currency pairs, ETFs and ADRs. We have also lowered our Notional Trading Requirement on a large number of products, such as US Crude and Spot Gold down to just 80 points. That, together with the fact our Equity CFD commission is the lowest in the industry at just 0.075% and no minimum CFD ticket charge makes Spread Co one of the most complete and cost-effective spread betting and CFD providers around’.

Tags: Spread Co

This entry was posted on Wednesday, May 26th, 2010 at 1:26 pm and is filed under Promotions. 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.