Spread Bettors Should Get The Best Deal In The New Year

Online, May 13, 2012 (Newswire.com) - IndependentInvestor.co.uk, one of the web's leading authorities on financial spread betting, has urged spread bettors to seek out the best deal from their brokers in the New Year, in order to save on the marginal costs of trading and make it easier to yield an aggregate profit over time.

With a diverse base of spread betting companies doing business in the market, IndependentInvestor.co.uk said traders who took the time to review different brokers and the service levels on offer could well save on the costs of trading major markets, and in the process make trading the same transactions more profitable.

The costs of financial spread betting are accounted for in the gap between buy and sell prices quoted on a given market - known as the spread. Different brokers set different spreads depending on their pricing structure, and this is reflected directly in the amount paid effectively in commission to the spread betting broker.

A spokesperson for IndependentInvestor.co.uk said it was imperative that traders get the best deal, in order to both save on the costs of spread betting and also give themselves a better chance of profiting from any given spread betting transaction.

"As a trader looking to increase your yield, the focus tends to be solely on finding more profitable opportunities. A much more underestimated piece of the puzzle lies in reducing the marginal costs of trading. Every time a spread betting position is taken, traders absorb the spread - the difference between the buy and sell price - as a commission against their trading activity. Spreads that are only fractionally thinner can add significant value over time, and it's amazing how quickly trading fees are in fact racked up. Lower costs equals more profit, and consequently easier trading."

"Getting the best deal is the name of the game, and as 2011 becomes another memory, keeping as competitive as possible in the current global economic climate is critical to your success or otherwise. For the limited time commitment involved, we urge all traders to take time out of the day to compare and choose between brokers - even if they're satisfied with their current provider - in order to guarantee their getting the very most for their money."

IndependentInvestor.co.uk provides comprehensive spread betting guide and free reviews of the leading spread betting brokers to help traders make better decisions about which broker platform to use.

About:
IndependentInvestor.co.uk is an online financial broker site, offering traders the opportunity to compare brokers to find the best deal for their market access. Comparing brokers across the spectrum of competition and across multiple different instruments and trading styles, IndependentInvestor.co.uk is a foremost authority on helping new and experienced traders alike find the best deal.

For traders looking to develop their trading skills or supplement their existing knowledge, IndependentInvestor.co.uk offers a library of free trading resources, articles, tips and financial spread betting forum to help traders of all levels improve and develop.