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Selftrade Markets is one of the largest execution-only stockbrokers in the UK and the ‘first broker-bank in the UK’. Selftrade has some big guns behind it as this is a trading name for Talos Securities Limited, itself a subsidiary of Boursorama, which is part of the Société Générale Group.
Selftrade, an execution-only broker, (with more than twelve years experience), has joined with LCG in a white label agreement, aimed at providing a multi-asset spread betting and platform for clients. The trading name of this partnership is Selftrade Markets. The Chief Marketing Officer of Selftrade, Mark Pearson, said he was happy to have launched a new service which would give their customers more features than they had before.
No downloading is necessary to use Selftrade Markets’ platform as it is online.
A useful feature of their platform is their ‘talking forex’ – a service that provides audio commentary on FX markets. This lets you watch your screen for movements, look at charts, calendars and so forth while getting the latest news at the same time.
Like Spread Co and many others, this UK spread betting broker has a watch list for any trade you would like to complete – but compared to other spread betting brokers, theirs is a multiple possibility list.
Their mobile platform only covers iPhone or iPad and Android users, so if you have a Windows device Alpari or another company are the firms for you.
Selftrade Markets offer their clients trades on forex, commodities, equities, bonds, stock market indices and interest rates, with thousands of global markets as well as CFDs.
Just as Financial Spreads stop on Friday evenings, and restart on Sunday evenings, so too do Selftrade Markets.
The ‘Why Selftrade Markets’ page gives important explanations for newcomers to financial spread betting. Their beginners guide really is for beginners with technical terms explained and as easy to follow explanation – unlike City Index or Alpari, who presume certain knowledge and use industry related language in their description.
Similar to many other financial spread betting brokers, they have an online demo account available. This lasts forever if you wish, (unlike City Index which is limiter to 14 days), and therefore you can use it in conjunction with your real account to test theories before betting on them. There is also a place on their site that defines ‘key platform terms and information’ from simple things like ‘cash balance’ to ‘margin in use’.
You can choose which type of account suits best; Individual, Investment Club or Corporate. Their minimum per point is £1 on most trades, and there are automatic stop losses and risk management.
The Selftrade Markets website is neither intuitive or comprehensive, and this makes it hard for potential customers to know what they are getting if they sign up to this broker, and leaves you feeling that in a spread betting brokers comparison they might come off worst – more because of an inadequate site than for lack of ability.
You can choose which type of account suits best; Individual, Investment Club or Corporate, and this is an advantage as trades can be tailored more towards clients needs. Their minimum per point is £1 on most trades, and there are automatic stop losses and risk management.
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