FirstSpreads is a trading name of London Capital Group, one of the UK's leading financial services companies specialising in online trading services. FirstSpreads offers spread betting for retail, professional and institutional customers.
Some facts about London Capital Group:
- AIM Stock Market Listed: Market Cap £51m (August 2010)
- Total UK spread betting accounts: 57,890 (June 2010)
- Average trades per day: 31,894 (June 2010)
- Annual revenue: £27.6m (December 2009)
- Profit before tax: £5.8m (December 2009)
- Strong cash position of £10.0m (December 2009)
We are authorised and regulated by the Financial Conduct Authority (FCA) and hold all client money in a segregated account in accordance with FCA’s client money provisions.
Why open an account
With a FirstSpreads account customers can place spread bets on over 2,000 global financial instruments including equities, indices, currencies and commodities. The most popular spread betting products in the UK are the FTSE and Dow Jones indices, major FX pairs (e.g. Euro/$) and commodities such as Oil (Brent Crude) and Gold.
As a FirstSpreads client you will gain the edge over many other spread betting traders by having LIVE UK level 2 SETS and SEAQ screens provided to you free of charge (worth £220 per annum) – click here for more details.
Serious investors are already harnessing the advantages that Level 2 market data provides and now you can too by becoming an active FirstSpreads client. That's because Level 2 market data is the perfect way to benefit from enhanced levels of in-depth market knowledge.
We offer tight spreads and low margin requirements and a high level of personal service through our friendly customer support team. We aim to make online trading as fast and efficient as it can be for our customers.
Tax Free profits
Any capital gains you make from financial spread betting are completely free of Capital Gains and Income tax (for UK residents, but please note that tax laws may change).
FTSE Rolling Daily 1 point, FTSE Shares 0.05% per side, Wall Street Rolling Daily 2 points, €/$ Rolling Daily 2 points.
Free Live Level 2 UK data
Use your FirstSpreads account and get Free UK Level 2 LIVE streaming data.
Real time SETS and SEAQ buy and sell order books and market maker screens available for active clients – click here for full details.
No Commission or Fees
FirstSpreads do not charge any commissions or brokerage fees when you open and close trades.
No Stamp Duty
Financial spread betting is exempt from UK stamp duty.
For a £1 trade on FTSE Rolling Daily you need a minimum of just £30 in your account to open it. No minimum account opening.
Automatic Stop Losses – Limited Risk
Every trade you open with FirstSpreads will have a mandatory/automatic stop loss (although please note that stop losses are not guaranteed).
Long or Short
You could profit from both rising and falling markets.
Range of Markets
Over 2000 financial instruments including Stocks, Indices, Futures, FX, Commodities & Bonds.
24 hour Trading
Many of the FirstSpreads markets can be traded 24 hours a day.
Free Demo Account
Allows you to practice spread betting and test strategies risk free!