Two new spread betting firms offer traders more choice

With such interest in financial markets and in particular spread betting with the lack of tax, commission fees or stamp duty attached to trading it is only understandable that you would start to see new online spread betting sites pop up. There has been a marked increase in the amount of people spread betting and certainly individuals who might have suffered redundancy, traders looking to boost their incomes or individuals looking for ways to protect their pension fund are just some of those that are currently opening accounts with the many online spread betting companies on the internet at the moment.

With an eye on this area of growth two new online spread betting service operators have just dipped their toe into the trading water; Victor Chandler the British bookmaker have launched VC Financials which is operated via an existing spread betting platform, that of World Spreads. The second is Saxo Bank , which has been launched under the banner of Saxo Trader and operated again by an established name in the industry, London Capital Group.

For the Spread betting virgin it is certainly a worthwhile exercise to sign up with either VC Financials or Saxo Trader, both offer new account holders the option of a virtual account to test your skills prior to dabbling with your own cash, as well as useful tutorials, seminars or ‘webinars’. Like any new exercise it is as well to educate yourself as well as possible before entering the spread betting market, sensible traders will carry out a proper risk assessment and monitor markets to keep an eye on how things are doing and in the current period of volatility it is essential to carry out research prior to trading in real cash.

For those already au fait with the markets, Victor Chandler has long had the reputation as "The Gentleman Bookmaker", established since 1925 this family run business has grown into a huge and well respected brick and mortar high street and online gambling institution offering a full compliment of gaming and gambling services with a turnover in excess of £1billion.

Saxo Bank is also a well respected name, and is a global investment bank established in 1992 with a HQ in Denmark. Saxo Bank are sponsors of the winning team in the Tour de France race, Team Saxo Bank. New account holders will be reassured that they are dealing with a name that has a wealth of experience in online trading and investments.