TradIndex
May 11, 2009 | By Spreadbetting
TradIndex.com was launched in 2002 by Tradition Financial Services (TFS), one of Europe’s largest brokerages. TFS, founded in 1985 firms is part of Compagnie Financière (CFT) which is in the world’s top three brokers in OTC financial (money markets, bond markets, interest rate, currency and credit derivatives, equity derivatives, exchange-traded products) and non-financial products (energy, precious metals, pulp and paper, etc.), and number one in continental Europe. CFT shares have been listed on the Swiss Stock Exchange since 1973.
In November 2007 TradIndex was acquired by Robin Houldsworth and Peter Shalson for an undisclosed sum from Tradition UK Ltd. Robin Houldsworth said: “Since founding TradIndex in 2002 I have watched with pride as it has grown from strength to strength. This acquisition will provide TradIndex with the backing and focus to continue offering an unparalleled personal service to its growing client base. I am proud to continue my relationship with TradIndex as it develops to reach its full potential.”
A relative newcomer to the industry, TradIndex has developed a small and loyal client base who like the intimacy and good customer service that being with a smaller operator brings.
Features
• three core offerings, a web based spread betting platform via www.TradIndex.com; TradIndex Signature which is a high net worth telephone based dealing service; and a personalised CFD service
• offer a free no-risk Player Account with £20,000 virtual funds that contains all the features and functionality of a “real money” trading platform
• enables clients to open an account with as little as £100
• bets from £1pound per point
• enforces mandatory stop losses on all spread bets to protect clients’ downside risk (although the stops are not guaranteed)
• no software required. Platform is based on dotnet and asp (so no java or flash is required); easy to use, simple interface
• offers a free book entitled “The Beginner’s Guide to Financial Spread Betting” by Michelle Baltazar, former features writer and columnist for Shares magazine
• currently (September 2008) upgrading our mobile website
• TradIndex Signature is an exclusive telephone service allowing high net worth individuals access to a trading team of dedicated market experts. This is a tailored service from professionals who have got to know their clients personally. Benefits include: the ability to trade almost any product in the market, either as a spread bet or as a CFD; favourable rates; a personal trader to place trades through and watch positions for the client; a text service giving regular updates on positions and on market news
• TradIndex Signature requires a minimum deposit of £20,000
• offers prices on over 250 markets. In the equity sector it offers the most popular single shares from the U.K., U.S. and European exchanges
• credit facilities not available. This, says TradIndex, does away with a laborious sign-up process and the need for extensive credit checks
• live prices don’t work on a Mac
• cannot place a ‘buy’ order above the current price or a ‘sell’ order below the current price, so momentum trading has to be done manually
• trading hours are limited to normal trading hours U.K or U.S.
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