Spreadbetting At WorldSpreads

Operating My Account

With the WorldSpreads.com interactive trading platform, you can operate your account easily and safely. This includes placing trades, checking open or closed positions, etc.

You will find below information on the following topics

Index

Depositing funds

Initial margin may be deposited in the form of a cheque with your name and account number at the back of the cheque or by debit or credit card by way of the telephone or by bank transfer. The following card types are accepted:

credit cards

We will also shortly be introducing facilities for depositing funds online by debit and credit card.

*Please note that credit card transactions are subject to a 2% surcharge and debit cards have no charge **Minimum deposit for opening an account is £500 (or currency equivalent)

Bank Transfers

Bank details for Sterling payments
Sterling Account Bank Royal Bank Of Scotland
Account Name: WorldSpreads Ltd Client Segregated a/c
Account Number: 22103388
Sort Code: 15-10-00
IBAN: GB19RBOS15100022103388
SWIFT / BIC: RBOSGB2L


Bank details for Euro payments
Euro Account Bank: Royal Bank Of Scotland
Account Name: WorldSpreads Ltd Client Segregated a/c
Account Number: 10075784
IBAN: WOSPCLSE-EURA GB78RBOS16107010075784
SWIFT / BIC: RBOSGB2L


Bank details for USD payments
USD Account Bank: Royal Bank Of Scotland
Account Name: Worldspreads Limited
Account Number: 00370898
Sort Code: 15-10-00
IBAN: GB19 RBOS 1663 0000 3708 98
SWIFT / BIC: RBOSGB2L


Cheques

If you wish to desposit funds by cheque then please put your account number and name on the reverse of the cheque and send it to:

Worldspreads Ltd
Walmar House
296 Regent Street
London
W1B 3AW
United Kingdom.

Important Notice:
When you have transferred funds to our account, please contact us as soon as possible via email or telephone. Your account will be credited when the funds have reached our bank account.

Withdrawing Funds

In order to help protect you against fraud, we may request additional information before making payment. We will generally pay you back using the same method funds are deposited to your spread betting account. However, it should be noted that we do not make payments to third parties.

Bank Transfers

The following fees will generally apply:

  • UK 3 day sterling payment (BACS): free
  • UK same day sterling payment (CHAPS): above £5000 - free; Below £5000 - £15
  • International Bank Transfers: £15

Top

Opening a trade

You have two ways to trade with WorldSpreads.

1. You may log onto our website www.worldspreads.com. Login to the member’s area using the username and password received when your account was opened. You can review all available instruments and choose whichever you wish to trade. You can then click on the sell or buy icon, depending on your view, and add your stake. You will be prompted with a confirmation window, confirming that your trade is about to be placed. You then just click the confirm icon.

2. You may call our trading desk directly on +44 (0) 20 7290 0550. One of our traders will be able to give you a quote on the market you wish to trade. If you wish to proceed, you confirm your name and account number and the direction and size of your trade. The trade will then be placed and confirmed by our trader.

Top

Closing out a trade

You may, during the last few days of a contract, decide that you want to rollover the position into the next quarter. In this case, simply contact the WorldSpreads trading desk. We will close your existing position at mid market and give you a quote to open a new trade in the next contract.

Top

Contract expiry dates

Each bet has a fixed expiration date and time. There are three main types of financial Spread bet, a daily bet, a rolling bet and a futures bet. A daily bet is a bet that expires at the end of the trading day. A rolling bet is one that usually expires at the end of a trading day and is automatically rolled over to the next day at the same price with a small funding charge debited to your account. Rolling bets are automatically rolled over until the bet is closed by you. A future trade is one that expires (usually on a quarterly basis) at the end of a fixed period of time on a specific date in the future. Actual expiry dates for future contracts are specified in the market information section of this website. WorldSpreads also endeavors to advise customers by e-mail of upcoming expiry dates.

You may, during the last few days of a contract, decide that you want to rollover your position into the next month or quarter. In this case, simply contact the WorldSpreads trading desk and we will give you a quote for the next quarter. You will now have a new bet without having to pay the dealing spread a second time.