How to Place a Spread Bet
Placing a spread bet with Spreadex is quick and easy. Simply open an account and deposit, choose a market, place your trade, and close it when you're ready. We go into further detail with annotated images below.
It's easy to open an account
- Fill in our simple online application form
- Fund your account
- Start trading the global markets instantly!
How to Place a Spread Bet
Finding Your Market
Once you have logged in to your Spreadex account, select the market on which you want to place a trade by using the left-hand menu or the search facility.
Remember, you can create your own Watchlists of your favourite markets to speed up this process for future visits.
Open the Trade Ticket
Hit the 'Trade' button next to the market you wish to trade. Alternatively click the 'Chart' icon to view the market's chart, 'binocular' icon to add the market to a watchlist or 'Order' button to place an order to open.
We also offer One-Click Dealing for more advanced traders.
Enter Your Stake
On the trade ticket, enter your stake per point. The margin required to place the trade will be shown at the bottom of the ticket. You can also add a stop or a limit order and guarantee your stop if you wish.
There is also an option to Force Open a position, allowing you to open a buy and sell trade on the same market.
Spread betting allows you to short (sell) the market, to profit from falling as well as rising markets. Click "buy" or "sell" to choose the direction of your trade.
EXECUTE TRADE
Most trades will be executed in milliseconds, faster than many other traditional ways of trading.
As soon as it has been accepted you will see a trade confirmation ticket which states the level at which you bought or sold, your stake size and any stop or limit order you placed. There is also a trade ID for your reference. Hit 'OK' to close this screen.
Monitor Position
View your position by clicking 'Open Positions' at the bottom of the left-hand menu. Your trade will close either at expiry, if your stop or limit order is hit or if you close it via the 'Close' button. You can also edit your trade via the 'Edit' button.
How to Place an Order to Open
An order to open allows you to nominate a price level at which you would like a trade to open. Learn how to place an order to open on our platform.
