Spread Co launches their 'Beat the Trader Challenge

Spread Co, the spread betting and CFD specialist, has launched a challenge to all traders - beat their Head Trader in a trading challenge and claim up to £150!

Online PR News – 08-June-2010 – – One Trade. £150. No Tears.

UK based spread betting and CFD provider Spread Co Limited has launched a challenge to all traders – beat its Head Trader in a trading challenge and claim up to £150!

All new accounts can take up the challenge with Rajesh Patel, Spread Co’s Head Trader, by choosing a trade from a selection of popular markets including indices, commodities and currencies.

Rajesh will respond to the challenge with a similar size trade of his own. If the client makes a bigger profit on their trade than Rajesh twenty four hours later, Spread Co will double the clients profit by up to £150. If the client incurs a loss on the trade, but betters Rajesh’s return, Spread Co will refund the loss up to £150, hence the ‘No Tears’.

The idea is a twist on the famous challenge in the Michael Lewis book Liar’s Poker (‘One hand, One million dollars, No tears’) and was trialled with attendants at recent investor exhibitions, where it received a very positive response according to Raj.

“Clients loved the idea of taking me on – the gladiatorial spirit was well and truly to the fore as they searched for what might be a winning trade. And luckily for them, they beat me more often than I would have liked, so my ego, and our promotions budget, took a beating for sure!”

You can follow Raj’s progress via a Daily Diary on the Spread Co site (www.spreadco.com/beatthetrader) and by also signing up to Spread Co's Twitter feed at http://twitter.com/SpreadCo.

Spread Co also announces the release of their new, improved trading platform and the expansion and improvement of their services.

Spokesman Ian O’Sullivan said “Spread Co has always had one of the most professional and slick trading platforms in the business and this latest release improves it further. We have been speaking to our clients from all over the world and have implemented some of their suggested improvements. There are also a number of further improvements in development, so watch this space”.

Ajay Pabari, CEO of Spread Co added: “Spread Co have also expanded our product offering, with additional currency pairs, ETFs and ADRs. We have also lowered our Notional Trading Requirement on a large number of products, such as US Crude and Spot Gold down to just 80 points. That, together with the fact our Equity CFD commission is the lowest in the industry at just 0.075% and no minimum CFD ticket charge makes Spread Co one of the most complete and cost-effective spread betting and CFD providers around”.

Spread Co Ltd is a specialist CFD and spread betting provider based in London and regulated by the UK Financial Services Authority.

Contracts for Difference and Spread Betting carry a high degree of risk to your capital and you could lose more than your initial investment. You should ensure that you fully understand the risks involved by seeking independent advice if necessary and you should only speculate with money you can afford to lose.

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