Costs of Spread Betting

To make a profit trading financial markets you need to be absolutely clear about your trading costs. At InterTrader we make our spread betting charges transparent and consistent, so you always know what you are paying.

The cost is the spread

Our only charge for spread betting is in the dealing spread, i.e. the difference between the price at which you buy a market and the price at which you sell. The spread is in effect your cost of trading that market.

There are no extra commissions or charges to use our dealing platform or other trading tools. It is all contained in the dealing spread.

Some popular spreads

IndicesSpread
UK 1001
Wall Street1.6
Germany 301
ForexSpread
EUR/USD0.6
EUR/GBP0.9
USD/JPY0.7
CommoditiesSpread
Brent Crude3
US Crude3
Gold4
SharesSpread
Top 100 UK0.1%
Major US2.95c
(plus market spread)

All the markets quoted above are Rolling Daily. In the case of individual shares our spread is added either side of the underlying market spread. For example, if the underlying market spread of a particular share is 400.9p-401.0p and our additional spread is 0.4 points, our price will be 400.5-401.4.

You can further reduce your spread betting costs with our TradeBack™ scheme, receiving a variable monthly rebate based on your volume of trading. More on TradeBack.

Market-neutral execution

Another key element that can affect your spread betting costs is execution. In this respect we strive for absolute transparency. When you place your trade we will automatically mirror your position by trading in the underlying market. This makes us market-neutral in that we have no financial interest in the performance of the market – in other words, whether you win or lose. Market-neutral execution ensures that your spread betting provider is on your side.

Financing and dividend adjustments

If you keep a position on a Rolling Daily market open overnight we will also make adjustments to your account to reflect the interest cost of holding your position another day.

This is calculated as a debit for long positions and as a credit for short positions, using the Relevant Funding Rate (RFR) for overnight financing. The debit for long positions is based on the RFR +2.5% and the credit for short positions is based on the RFR -2.5%. (For this reason when interest rates are low you may actually be debited for a short position.)

We also make adjustments when a share goes ex-dividend to reflect the consequent change in value of positions on that share (or on indices that include the share). This adjustment will be a credit for long positions and a debit for short positions.

For full details of how we calculate financing and dividend adjustments please see our FAQs.

No other charges

There are no other charges for spread betting with InterTrader. We do not charge you for:

Open an account now

It’s free to open an account, can take less than five minutes, and there’s no obligation to fund or trade

An award-winning service

Spread betting and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 64-72% of retail investor accounts lose money when trading these products with this provider.
You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.