Easy Management

For those people who would like to know what happens following your account being opened – here is a step by step guide as to what to expect once you have taken the plunge.

The indexation company will in the first instance, write to you welcoming you to their company, they will advise you of your account details as confirmation of your custom plus information with regards to your account dealer and the telephone numbers you will need in order to place a bet.

As the company can only assume that you are the account holder when placing a bet it is vital that you keep all of the account information exposed to you only as no company can accept any responsibility for the misuse of this information.

When you have decided to place a bet you will need to ring your dealer and request a quote on that particular share or index that has interested you. The dealer will then provide you with a buy price and a sell price.

If you decide that you then do not want to bet, you simply advise him of this and end the call. However, if it is your intention to continue with the bet you will need to inform him of the stake you wish to make per point, let him know your account number and name and he will do the rest. Before placing the bet the dealer will confirm with you what he has been asked to do and he will also check your account in case the bet overreach’s your credit limit. If all this is satisfactory, the bet will then be executed.

You will then be sent a contract after each bet (usually within 48 hours) and a weekly statement so you can keep a historical account of your movements. If there comes a time that you find yourself owing the indexation company, they will make what is known as a ‘margin call’, this requires that you deposit money into your account to cover any losses. Most indexation companies will expect this to happen within 3 days, failure to do so could result in closure of your account.