Spread Betting Tips and Trading Diary » Paddypower

Where to sell the GBP/USD?

spread bettor — Wed, 26 Aug 2009 20:46:57 +0000

Hi all,

If you think the trend has changed and the USD is going to be stronger or even if you think the opposite, you want to find the best spread out there.

for daily most of the companies offer 3 points spread but for September or December there is a difference. Again IG Index are not competitive and offer 12 points spread. City Index and Paddy Power trader offer better – only 8 points spread.

You may think that it is not a big difference but you will be surprised how much the spread is eating your profits. So shop around!

Paddypower wins again

spread bettor — Thu, 02 Jul 2009 11:16:20 +0000

Hi all ,

I was checking Astrazeneca maybe to open a short position on the stock. While I was checking (and decided not to) I found that Paddy power Trader offers 7 point spread for September while IG Index offers 21 points spread. This is 300% more!

It is not the first time that I found that IG Index is not competitive at all. My advice as always is to open several accounts and shop for the best spread.

Having said so I opened an account with ODL Market and got an iPod as gift. They do offer very good spread on indexes but not so good on shares.

Better spread on Paddy Power

spread bettor — Thu, 18 Jun 2009 19:57:18 +0000

Hi all,

I compared the spread between Paddy Power & IG Index and Paddy Power are winning by far.

S&P 500: Paddy: 0.5 IG: 0.7

Dax: Paddy 1 point IG: 2 points

Most of the shares are half price with Paddy Power. The only place that IG are winning is on the Dow. Paddy charges 5 points spread while IG only 4.

Shop around before you put a trade!

IG Index are not competitive with their spread

spread bettor — Tue, 03 Mar 2009 13:00:32 +0000

Hi all,

I was looking for a quote to buy some shares in Tesco and I was amazed to see the difference between IG Index and Paddypower. The spread for March at IG Index is 1.6 with Paddypower it is just 0.7! so you pay more than double with IG Index.

This is a real difference and it may sound pennies if you just put 1 pound but if you bet £100 per point you already give £90 more!

Always shop around to see who is offering the most competitive spread.

IG Index review part 2

spread bettor — Sat, 21 Feb 2009 09:45:32 +0000

This week I opened a CFD account with IG Index and their client service was very good. There was a problem with transferring money from my spread betting account to the CFD and they solved it quickly.

On the other hand I sent to them lists of questions last week and I am still waiting for answers.

I’ve also noticed that they don’t offer the best spread around. On shares Paddypower offers better spread on a random check. But IG Index platform is better…