Capital Spreads
May 11, 2009 | By Spreadbetting
Capital Spreads is a division of London Capital (LCG). LCG was originally established in the mid 1990s as a proprietary trading business, under different management. In September 2002, it commenced trading as an institutional broker (now known as Capital Derivatives) concentrating on the inter-bank futures market. The arrival at LCG of the current management precipitated the launch of Capital Spreads in October 2003. LCG floated on AIM in December 2005 and derives its revenues mainly from its operations based in the UK.
In August 2008 LCG London Capital Group reported revenues of £12.51 million for the first half of 2008, an increase of 54% over on the same period last year, contributing to a 58% rise in profit for the period to £3.94 million. Spread betting contributed revenues of £11.25 million, 79% of the total. The company, which acquired Futures Betting.com for £200,000 in May, almost doubled the number of clients to 25,853 (an increase of 96%) compared to the previous year, with average trades per day rising 134% to 16,466. In July 2008 LCG launched its new spread betting platform targeting the German market which it hopes will increase the scalability of the company’s spread betting platform and allow direct interface with the new CFD platform currently under construction. During the latter part of 2007 the company launched significant white labels with Paddy Power and Betfair.
Features
• managed by former Cantor Index executives
• prides itself on: gearing – deposit to open a position “far less” than competitors; “tightest spreads” in the industry; exceptional customer service
• every new trade automatically allocated a stop loss based on 80% of the funds available in the client’s account, or set at a ‘maximum computer-generated stop loss’. This ensures each client’s risk is effectively controlled (although the stops are not guaranteed) and there are always enough funds to support the trade
• minimum stake size is either £1, $1 or €1 per point/tick
• does not require a minimum deposit
• does not offer credit accounts.
• quotes on over 3000 products including: main indices, currencies, commodities, bonds & interest rates, FTSE 100 & FTSE 250 shares, DOW 30, S&P 500, NASDAQ 100 and the DAX 30. If a client cannot find a product, it can generally be added on request
• as Market Makers they are not subject to best execution. Clients make a bet on Capital Spreads price as ‘requested’ by them
On May 11, 2009 Spreadbetting wrote:
Does not require a minimum deposit, but does not offer credit accounts.
On September 30, 2010 Darren Smith wrote:
I have used Capital Spreads online platform for over a year now and originally started on the demo account before migrating across to the main live software.
I find it very easy to use and the customer service incredibly friendly when I have needed it. I would recommend it to anybody who likes to dabble in Financial market trading