Comparing the Different Spread Betting Companies

BUX Markets

BUX Markets offers very competitive financing fees at just LIBOR +/- 2.5% and this is only charged on the margined portion of the position. Dividends are passed at 100% of the announced dividend net of withholding tax, if any.

Why BUX Markets? Because I think they are FAIR. I like BUX for a number of reasons not least being that they only charge overnight financing fees (at 2.5%) on the amount you actually borrow from the broker and not on your full position. So if you open a position for £4,000 and put up £1,000 to open the trade and leave the position overnight, BUX will only charge you interest on the 'net' £3000 you borrowed from the broker and not the full £4,000 [this is unlike what mostly happens with other brokers who charge you on the full position amount]. I also like the fact that BUX pay 100% dividends (not 80% or 90% unlike other providers) and the way they allow you to control how much you leverage yourself [with BUX, you could even trade with no leverage if you want]. Lastly, I like the fact that they support fractional bet sizes and the fact they offer free guaranteed stops on most markets except shares. As you can see this industry is driven by greed with providers trying to charge you as much as they can and in this regard BUX are a breath of fresh air.

Trade Responsibly! 73.3% of CFD and spread betting clients lose money when trading with this provider.

Markets Covered

Global Indices, US and European equities, FX, Major Commodities, Interest Rates and Bonds, ETFs. BUX also quote prices on the popular cryptocurrencies; Bitcoin, Dash, Ethereum, Litecoin, NEO and Ripple.

Training Facilities

Web based platform, Iphone and Android mobile aps, Ipad Aps

Typical Spreads

Financing Charges

Financing is charged at LIBOR +/-2.5% on the margined portion of the position. Ie, if margin is 1%, you are charged on the remaining 99%. It is possible to vary your margin up to 100%, meaning there are no Financing Charges applied.

Accounts Available and Credit Facilities

Spread betting and CFDs. No credit facility.

Minimum Stake and Deposit

No Minimum deposit, minimum stakes vary. UK Stocks £1/p, Indices start at £0.50/p, FX start at £0.40/p

Rolling Policy

Daily Rolling positions are rolled automatically. Any position carried past the relevant market close is classed as being rolled and financing applied accordingly. Future products are rolled to the next contract only if instructed by telephone up to 30 minutes before the last dealing time of the underlying product on the relevant exchange. Positions are rolled at half spread cost. Closed at relevant bid/offer and opened at mid-price.

Dividend Policy

BUX pay 100% dividends.

Futures

Index and Commodity futures available

Stop and Limit Orders Available

Yes

Basis for Triggering of Stops

If stop is hit, it's filled

Opening Hours

Client Services 07:30 - 17:00, Trading 24 hours Sunday 2200 - Friday 2215

Research and Charting

Reuters news feed, propriety chart package includes most indicators and tools.

Support

Multilingual support (English, German, French, Spanish, Romanian) by email or telephone (we are told that online chat is coming soon).

Details and Signup Incentives

If you wish to sign-up for the core Tradehub platform use this link. 100% payment of dividends and the ability to control leverage with financing fees only charged on the 'borrowed' amount are both great features.

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