Leading global trading platform AxiTrader launches tighter spreads on cash CFDs
One of the world’s largest brokers, AxiTrader, has just announced extra tight spreads on cash CFDs, offering one of the most competitive pricing structures in the market.
Contracts for differences (CFDs) allow traders to follow an asset price both up and down, with cash payments used for the differences in settlement, rather than physical goods or securities.
AxiTrader’s UK customers can now take advantage of the low spreads and incredibly competitive financing, which are available for cash CFD trades on the S&P index.
“The S&P can be very volatile, as recent fluctuations have demonstrated. As such, there’s a huge advantage to being able to trade both long and short as a cash CFD – it allows traders to benefit from that volatility. That’s why we felt the time was right to launch our exceptionally competitive cash CFDs offering.”
Louis Cooper, Global Head of Retail Services, AxiTrader
AxiTrader is offering 15 markets with promotional spreads, including the DAX at just 0.6 pips and the UK100 at 0.8 pips. The launch marks one of the lowest spreads that the leading trading platform has ever offered, and one of the most competitive prices on the market.
| MT4 Symbol | Instrument Description | Spread |
| GER30 | Germany 30 cash | 0.6 |
| UK100 | UK 100 cash | 0.8 |
| EU50 | EU Stocks 50 cash | 1 |
| US30 | US 30 cash | 1.2 |
| US500 | US 500 cash | 0.3 |
| FRA40 | France 40 cash | 0.8 |
| HK50 | Hong Kong 50 cash | 6 |
| IND50 | India 50 cash | 5 |
| JPN225 | Japan 225 cash | 8 |
| SG30 | Singapore 30 cash | 0.25 |
| USTECH | US Tech 100 cash | 0.8 |
| UKOIL | UK Crude Oil Cash CFD | 2.5 |
| USOIL | US Crude Oil Cash CFD | 2.5 |
| SPI200 | Australia 200 cash | 0.8 |
| CN50 | China 50 cash | 10 |
“Cash CFDs are particularly exciting for spread betting, as traders are at present exempt from paying taxes on their profits with these accounts. With some of the lowest financing fees available on the market today, traders are able to enjoy maximum returns from the cash CFDs.”
Louis Cooper, Global Head of Retail Services, AxiTrader
At present, the tighter spreads and ultra-low financing for cash CFD products are available to AxiTrader’s UK customers. The innovative offering means that traders can use CFDs with confidence to make the market work to their advantage, no matter whether prices fluctuate up or down.
For further information, visit www.axitrader.com.
Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors. You could lose substantially more than your initial investment. When acquiring our derivative products you have no entitlement, right or obligation to the underlying financial asset. AxiCorp is not a financial adviser and all services are provided on an execution only basis.