The Forex market is the largest financial market in the world, with daily trading volumes regularly exceeding 1 trillion US dollars. Spread betting on foreign exchange allows you access to all the major currencies ( US Dollar, Sterling, Euro), and many of the minor currencies (Swiss Franc, Japanese Yen, South African Rand, Australian Dollar, New Zealand Dollar, Swedish Krona, Mexican Peso, Canadian Dollar) in the world.
You can take a bet on how any of these currencies will perform against any of the other ones, enabling you to isolate exactly which currency you think will be the best performer, and which the worst.
You can spread bet from as little as £1 per point movement and all your spread betting profits are tax-free*. Spread betting on foreign exchange with Cantor Index ensures you can trade in sterling and outside of normal trading hours.
Cantor Index offers an extensive range of foreign exchange markets for forward dates.
The Cantor Index quote on the December Euro/Dollar (€/$) is 12756 - 12764.
Opening bet: You think that the Euro will weaken against the Dollar so you sell £10 per point at 12756.
Your prediction turns out to be correct and after some time the Euro does weaken so you decide to close your bet.
The new Cantor Index quote is 12730 - 12738.
Closing bet: You buy £10 per point at the new offer price of 12738.
| Total profit = | (12756 - 12738) x £10 |
| 18 x £10 | |
| £180 |
However if the Euro had strengthened against the Dollar and our new quote was 12772 - 12780, you would have made a loss.
| Total loss = | (12756 - 12780) x £10 |
| -24 x £10 | |
| -£240 |
For information on our markets, including spread and NTR factor, please visit the Market Information Sheets
*Tax-free refers to no Capital Gains Tax on profits. Tax laws may change or differ depending on your personal circumstances.
Spread bets are leveraged products placing your capital at risk. You need deposit only a small percentage of the value of the bet. However, your losses may substantially exceed that deposit very rapidly and thus require you to make additional deposits at short notice to maintain your bets. Spread bets are not suitable for all customers. Cantor Index Limited provides an execution only service and does not offer investment advice. Before betting, you should ensure you fully understand the risks and seek independent financial advice if necessary.
Cantor Index Limited is authorised and regulated by the Financial Services Authority, FSA register number 194414. These products are not intended for people under the age of 18 or for US residents.
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