Online investment resource IndependentInvestor.co.uk is maintaining a constant watch over the movement of spreads from the Internet's leading brokers, as rampant competition between spread betting brokers leads to wild fluctuations in spread pricing and commissions.
Online PR News – 26-April-2010 – – Online trading and investment resource site IndependentInvestor.co.uk has reaffirmed its commitment to maintaining up-to-the-minute comparisons on the various different trading accounts, in light of an ongoing price war between online spread betting companies.
Maintaining a close watch over the market to provide traders with relevant, recent comparisons and to highlight the most attractive spreads on offer, IndependentInvestor.co.uk is home to the web's most comprehensive spread betting comparison engine.
Sergey Trishchev, a spokesperson for IndependentInvestor.co.uk said that while aggressive competition between brokers was good for traders, it nevertheless makes it more important than ever to keep up-to-date with the pricing of different trading accounts, and to shop around to find the best deal.
"Financial spread betting, unlike standard trading, builds in its commission component within the spreads, with the broker taking the difference between the buy and sell side on each transaction. As a result, the width of the spread determines how much you pay to the broker on each trade, and thus is integral to the amount of take-home profit that can be realized on each successful spread bet."
"Due to the intense competition amongst online brokers of late, we've noticed something of a price war between the various different brokers, which is in essence great news for traders. However, with constantly changing spreads and short term cuts to draw in new traders, it's more important than ever to keep on top of the market, and to take a birds-eye view of what's on offer. That's why, at IndependentInvestor, we’re committed to maintaining up-to-date comparisons of all the major online brokers, taking much of the legwork out of the process and simplifying your choice as a trader."
In addition to its regularly maintained and research broker comparisons, IndependentInvestor.co.uk also contains comprehensive guides for traders on all aspects of trading, including strategy and how-to guides for a range of instruments and styles.
IndependentInvestor.co.uk is an online trading resource, specializing in helping traders learn more about the markets and trading tips and techniques. Comparing spread betting accounts from an unparalleled selection of online brokers, IndependentInvestor.co.uk provides up-to-the-minute comparisons of different trading accounts to help traders ensure they're getting the best deal with the tightest spreads.