We are approached by all sorts of spread-betting firms to partner up with them. After one not so great experience I am very picky about who we deal with. And so I am delighted to say that we have kissed the frogs and without reservation teamed up with ETX.
I have opened an account ( for a Christmas trading challenge with Steve Moore) and you too can do so here
Shareprophets will earn a small percentage of the spread each time you deal with an ETX account opened here so I hope that you do open such an account.
It was pretty much the same deal on offer across the board so why did we pick ETX?
1. They will allow you to spreadbet all the normal bets ( indices, forex, blue-chips, commodities) but almost uniquely they will also allow you to place a bet ( long or short) on small caps with a market cap of as little as £10 million. So you can short like Evil in a way you could not before but also0 place leveraged buy bets on the long tack.
2. ETX is a long established and pukkha firm which won’t be disappearing overnight like some newbies in this market. They are good guys.
3. You get a bonus of up to £500 for just opening an account. Can’t say fairer than that.
I will start my Christmas trading challenge with Steve (any profits we make on that will go to the Woodlarks charity) next week. Spreadbetting is not suitable for everyone, your leverage means that losses are in theory unlimited.
But if you fancy a free bonus for signing up and want to spreadbet small caps I hope that you open an account HERE