Online spread betting training site IndependentInvestor.co.uk has said that the increasing number of spread betting brokers entering the fray will increase competition for trading accounts, delivering improved functionality and lower trading costs across the board.
Online PR News – 01-June-2011 – – Online spread betting and CFD trading site IndependentInvestor.co.uk has suggested that the influx of new spread betting companies into the marketplace will have a positive effect for traders, as a result of vastly increasing competition and the resultant price battles that competition can cause.
With financial spread betting an increasingly popular trading style amongst investors across the world, the market for spread betting brokers has ballooned in response to increased demand, resulting in spreads being cut, services being improved and innovation taking centre stage as the main differentiator between different brokers.
And with the market becoming an increasingly more level playing field between different providers, traders are able to take advantage of lower trading costs and an improved trading experience across the board.
A spokesperson for IndependentInvestor.co.uk said that the competition between spread betting companies would continue to provide a better trading environment, and would only continue to improve as more new players enter the fray.
"Spread betting has gone through a tremendous growth curve over the last few years, resulting in a substantially growing market for brokers and spread betting providers. The current market outlook sees traders with the flexibility to hop from one broker to the other with relative ease, in order to capitalize on the more favourable terms on offer as part of the cycle of competition. With new brokers entering the market all the time, this situation looks set only to improve, and that's great news for traders everywhere."
"Increased competition in any market means providers have to work harder for your business, and the same is true of the spread betting market. That means better trading platforms, improved customer service, and vastly reduced spreads on the most popularly traded markets – good news for traders looking to cut their trading costs, and bag more for their money."
IndependentInvestor.co.uk provides free resources and tutorials for financial spread betting traders, alongside detailed broker comparisons to make it easier for traders to differentiate between differing spread betting platforms.