For many FX firms, Britain’s idiosyncratic but highly lucrative domestic market has become a focus, with large international companies such as GAIN Capital having last week purchased City Index for $118 million and Charles-Henri Sabet showing great interest with his capital injection and host of new key personnel at London Capital Group.
The latest to go down this route is IronFX, a company which has grown exponentially recently, establishing in many key locations globally. The drive toward Britain’s spread betting market is an interesting one, as the nature of the trading environment is very much CFD and spread betting orientated, therefore brokers often are encumbered with the development and maintenence costs of proprietary platforms which suit this type of trading as opposed to spot FX.
IronFX has FCA regulation and will offer spread betting to a British client base, as well as residents of the Republic of Ireland exclusively.
A commonly used trading product in the UK and Ireland, Spread Betting is both leveraged and tax-free, providing traders the ability to take positions on instruments, from as little as 10p per point. IronFX’s Spread Betting product, specialising on forex and spot metals, will allow eligible traders to take advantage of market opportunities and diversify their trading portfolio. Our low-cost and highly competitive product can be also used to boost client trading potential in both falling and rising markets via our dedicated Spread Betting platform on MetaTrader 4 (MT4), accessible from any computer device including all mobile and smart devices.
By offering both retail and institutional investors a flexible and competitive Spread Betting product, IronFX demonstrates its commitment to providing the widest range of products to its clients.
Chairman & CEO of IronFX Global, Markos Kashiouris commented: “We are pleased to offer Spread Betting to our clients resident in the UK and the Republic of Ireland. By offering this flexible, leveraged and cost-efficient product, we deliver on our promise to provide our clients with the widest and best range of products available anywhere in the industry at best pricing and execution.”