Trade.com, a retail brokerage operating out of the United Kingdom, has released a new spread betting service to the public. This information comes after the company made a public statement indicating that consumers of their exchange will have access to several markets that comprise of 2,100 trading instruments. However, this spread betting service is available exclusively to clientele living in Ireland or the United Kingdom. Clients will have the capabilities to bet on financial market outcomes, with any winnings being tax-free for traders and investors. Spread Betting has become one of the most popular forms of trading in the United Kingdom.
Trade.com is a global brokerage, with offices ranging from Cyprus, Germany, Spain, South Africa and America. Their United Kingdom subsidiary is operated in Paddington, London, England. They hold an operational license through the Financial Conduct Authority that allows them to offer blockchain and crypto products to British or Irish Clients. The company, in their announcement, revealed that they won’t just be offering a new set of spread betting but will also manage new tools and classes for clientele. This will extend to available educational material. There isn’t any word if Trade.com plans to launch this service into other markets across the world.
The Chief Executive Officer at Trade.com, RoeiGavish, spoke about their expansion. He said: “As part of our expansion to become what we hope is the ultimate multi-asset brokerage, we are adding spread betting for our investors in the UK and Irish markets to our set of financial products. These include an IPO marketplace, asset management services, direct market access and thematic portfolios. Our goal is to democratize investing so that everyone can have access to capital market solutions that suit both their objectives and investor profiles.”