ProSpreads - The Professional's Choice

No, we offer a fixed spread relative to the bid/offer of the underlying contract. We deal in the size quoted from the underlying market.

ProSpreads will classify you as a Retail Client, Professional Client or Eligible Counterparty. The greatest degree of protection is afforded to Retail Clients. You will be notified of your categorisation when you open an account. ProSpreads may re-classify you, and it is possible for you to request re-classification. Either way ProSpreads would require your written consent, or ProSpreads will enter into a new written agreement with you. If you have been categorised as a Professional Client or an Eligible Counterparty you are entitled to request that you be re-categorised. However, it is your responsibility to ask for this.

When considering your application, classifying and dealing with you, ProSpreads relies on information that you provide. If there is any material change in that information it is your responsibility to advise ProSpreads Limited in writing, e.g.: change in address, residence, contact details, employment, financial situation etc. In particular, if you are a Professional Client you are responsible for keeping ProSpreads Limited informed about any change that could affect your current categorisation.

ProSpreads is required to hold your money in an account that is segregated from the company’s own funds in accordance with the regulations of FSC, but this may not afford complete protection.

Yes. ProSpreads is licensed by the Government of Gibraltar and regulated by the Gibraltar Gambling Commissioner (Gaming Licence No. 28) and authorised and regulated by the Financial Services Commission.

All you need to do is complete an application form, either online or in hard copy format. We require the original, complete with the necessary due diligence documents, to be returned to us. ProSpreads is only able to accept as a client those who it classifies as having sufficient experience of trading or betting in financial markets. The minimum balance to open an account is £500. When our Compliance officer is satisfied that the criteria to open an account is met, our support staff will contact you to assist you in downloading our software.

A full list of markets can be found under the "Products" tab on the Home page.

Yes, by prior arrangement. Contact the ProSpreads Dealers for more information.

Yes. ProSpreads uses software that utilizes highly sophisticated encryption.

Our primary focus is on electronic betting. However we appreciate that there are times when clients may only be able to telephone bets, and we have a dealing desk for this purpose. All calls are monitored and an additional £2 per lot will be charged for all telephone orders executed.

No. We are unable to provide any investment advice and restrict our activities to execution only.

Bets are denominated in the currency of the underlying market security. A full list of markets can be found under the "Products" tab on the Home page.

ProSpreads will e-mail clients their daily statement. Alternatively all open bet positions can be viewed via the betting platform, or by calling our back office on + (350) 200 47314.

No. Only speculate with money you can afford to lose. Spread betting trading typically requires the deposit of a small percentage of the total trade value. As the financial outcome is determined by the price movement on the total trade value, profits and losses can exceed the initial deposit. Make sure you fully understand the risks involved, and take advice if necessary. Spread betting may not be suitable for all customers.

Margin requirements for our products can be found under the "Products" tab on the Home page.

ProSpreads will endeavour to contact its clients for more margins when the need arises; however, it is always the responsibility of the client to make sure they have enough free equity to hold their open positions. Should a client’s position prove untenable then liquidation or stop loss orders may be placed on the account to close positions automatically and in some cases prior to and therefore instead of the creation of any margin call notice. Clients must ensure that the telephone numbers supplied to ProSpreads are current and operative.

No. We derive our income from making a spread around the price of the underlying security.

ProSpreads has been granted a license by the Government of Gibraltar to conduct Spread Betting on financial instruments. Our license is specific to spread betting. In certain jurisdictions spread betting profits are tax free; customers should consult their relevant authorities in respect of personal taxation of betting gains.

The minimum size for any bet is the equivalent of 1 lot in the underlying security for each spread bet product.