Financial Spread Betting Online
Spread Betting on financial markets is growing in popularity in Ireland. If you have some money you’re willing to invest then the potential for a handsome return is out there.
Spread betting is a tax free , cost effective alternative to traditional share trading. It allows you to speculate on the movement of stocks and shares without using a stockbroker, so you don’t have to pay any commission or fees. All spread trading profits are recognised as the winnings of a bet, and are exempt from Capital Gains Tax and Income Tax.
Where can you do online Spread Betting in Ireland?
WorldSpreads was one of the first Irish companies to offer spread betting online.
They began in Dublin in 2000 as World Spreads offering sports spread betting and sports fixed odds and on-line gaming services. Extending its service in 2003 to financial markets, they have grown to become the leading provider of spread betting services in Ireland.
Betfair – the well known betting exchange – has a facility called Tradefair Spreads which offers the facility to spread bet on a wide range of products from the UK and international financial markets. These include major indices, currencies, equities, commodities and treasuries. It is open to Irish residents and you can choose to have a Sterling or Euro account. Visit Betfair Here
Paddy Power also allow spread betting on financial markets . They have loads of information and advice fro beginners to spread betting. You can open a demo account to try your luck or skill out.
Paddy Power offer 24 hour trading, allowing you to trade from midnight on Sunday to market close on Friday on selected markets, including many currencies and the major US indices.
Visit Paddy Power Here.
People all over Ireland are spread betting – and all types of people are doing it – from farmers , students to company directors and accountants.
It does not take large amounts of money to get started, (unlike share dealing) . Depositing and withdrawing funds is easy, and the tax-free element on profits made make it an even more attractive proposition. Some people make a living from “day trading” - while others trade US equities in the evenings, or spend a day or two each quarter trading to try and pay for their next holiday.
There is risk involved of course – and it is recommended that you start spread betting with a demo or dummy account to try things out.