Pricing and Markets

Financial Spread Betting with ETX Capital is free from trading commissions (account fees, Stamp Duty and Capital Gains Tax)*, however you do pay a spread. See below.

The spread is the difference between the buying and selling price of a financial market or product. It represents the market-maker's potential profit or loss on a transaction.

For example, say the FTSE Daily Cash has a price of 5894-5896 points. That means that you could sell for 5894 points and buy for 5896 points. The spread would be 2 points.

Financial Spread Betting with ETX Capital offers you the opportunity to spread bet on the following asset classes:

• Stocks
• Indices
• Foreign Exchange
• Commodities
• Options
• Bonds
• Interest Rates

See our Market Range page for more information on the instruments offered or contact us on 0800 138 4582.

Daily cash markets quoted by ETX Capital have an underlying futures market related to them and are calculated by adjusting the futures market price by a fair value amount. The fair value represents the theoretical value of dividends payable between today and the expiry of the Future and the cost of carry for the index over the same period. Our daily cash prices are moved by their associated futures price and whilst they will reflect the underlying cash price they might not necessarily be exact, however, the settlement price of the daily markets will be the official settlement price of the relevant index.

As explained above, our cash prices are derived by reference and adjustment to a futures price. We can quote the Wall Street Daily Cash as long as the Wall Street Futures are open. Since we quote the futures on a near 24 hour basis we are able to offer a Daily Cash price when the official Dow Jones Index is closed.

Both markets represent the underlying cash price (or spot price) of a particular market, however the Daily Cash markets are daily contracts that expire at the end of each markets close and settled basis the official settlement price of the relevant index.

A Daily Rolling contract however does not expire and if left open will be rolled over to the next day. An overnight financing adjustment is applied to your account for each and every day the contract is left open.

Should you wish to trade a market that is not offered online, please contact :

Bonds, Currencies & Indices: Minimum trade size: £50. Call on +44 (0) 20 7392 1430

Commodities: Minimum trade size: £50. Call on +44 (0) 20 7392 1404

Options: Minimum trade size: £5. Call on +44 (0) 20 7392 1472

Equities: Call on +44 (0) 20 7392 1493

Stock price: 0-100 min trade size: £50

Stock price: 101-200 min trade size: £25

Stock price: 201-300 min trade size: £20

Stock price: 301-500 min trade size: £15

Stock price: 501+ min trade size: £10