TD Waterhouse launches financial spread betting

Thursday, 10 August 2006 12:00

Execution-only broker TD Waterhouse has unveiled its new online Financial Spread Betting service.

“Financial spread betting is a highly adaptable trading tool enabling investors to gain access to a wide range of markets in an easy and cost-effective manner,” said TD Waterhouse UK chief executive Michael Foulkes.

“Our customers will be able to gain exposure to indices, equities, currencies and commodities on both UK and international markets.”

Spread bets mean investors just need to deposit a small percentage of the full value of their trade. On most shares the minimum deposit is between five and ten per cent of the underlying value of the shares.

Financial spread betting is also exempt from the current capital gains tax regime and stamp duty.

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