Why having 2 Spread Betting
accounts is a good idea
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Last update : November 2011
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| It's common to find spread betters having 2, 3 or even more accounts with the different brokers and it often makes sense.
Personally I use 2 spread bet brokers and rate them side-by-side on this page.
having 2 or more brokers is a good move for all or some of the following reasons -
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- Better prices - one broker might offer the best price for the FTSE 100 but another broker beats it for US shares and commodities
- System breakdowns - some punters trade large positions so need a backup broker to handle their trades if their main broker's system go down
- They're free - it doesn't cost you anything to open an account and maybe one of the brokers has excellent charting capabilities so use that for charting and another broker for trading
- Binary betting - If you like binary betting then IG index offers the best service, although you might prefer to do your traditional spread betting through City Index - more information on Binary Betting
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| Summary |
| If you're serious about your spread betting then I strongly advise you to open a different account with another broker as it's common sense. And don't forget the smartest traders are normally the ones who are best prepared.
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WARNING! - Spread Bet Broker Advice
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There are good spread bet brokers and there are bad ones.
Having a good broker won't guarantee you profits but a bad broker will probably lead to losses as a combination of their gamesmanship and suspect software takes its financial toll.
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So who do I recommend?
Simple, the 2 brokers I personally use for my own spread betting (and I've used them for years) -
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FREE Report : How to Learn Spread Betting and Prosper
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How to build the all-important trading experience
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Where to get trading help and advice
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Which broker to use and why
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Simple 2 month training plan to follow
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Download the FREE report |
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Read more in the Spread Betting section:
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