A Spread Betting account allows clients to speculate whether the price of a trading instrument is going up or down at a specific point in time. If the market price goes in the same direction as your bet, you make a profit. If the market price goes against you, you make a loss.
Example:
- Spread Bet with Forex
- Currency pair: GBP/USD
- Current rate: 1.4000
- Bet size: £1 per point (0.0001)
Let's say you want to place a spread bet equivalent to about £1 a point move (per 0.0001) in GBPUSD at the rate of 1.4000. The value of a point is always given in relation to the second currency mentioned in the pair, which in this example is USD.
Axi Spread Betting accounts do NOT operate on a point-per-move basis. Your account operates like a standard FX/CFD account with an added tax exemption*, and Lot Sizes are used instead of Bet Sizes.
*Applies to UK spread betting. Tax laws are subject to change and depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK. Axi does not provide tax advice.
Please note: Spread Betting accounts are only available to residents of the UK. For more information on this account and whether you are eligible, please contact our Client Services team.