TD Waterhouse, the UK’s leading execution only broker1, has enhanced its Contracts for Difference (CFD) and Financial Spread Betting (FSB) services to cater to the different and specific needs of these sophisticated traders.
TD customers can now take control of their trading through two distinct accounts – TD Derivatives Trading for CFD trades, which will also include Forex and Futures, and TD Financial Spread Trading specifically for FSB trades.
TD Derivatives Trading (provided by Saxo Bank):
The TD Derivatives Trading account, provided by Saxo Bank, the online trading and investment specialist, combines all the elements required by an experienced derivatives trader. Not only can customers trade CFDs – with commissions for CFD equity trades starting from 0.15% (minimum £15) on all markets2 – they can also take advantage of one of the leading Forex Trading offerings available, with access to more than 160 Forex currency pairs. The account also includes Futures, enabling customers to trade over 450 instruments on live market prices from over 15 exchanges around the world.
TD Derivatives Trading customers can also create their perfect trading environment using two, free customisable platforms that can be adapted to their exact specifications. Both platforms include free UK Level 2 prices3 and Direct Market Access (DMA) on FTSE 100 equity CFDs along with advanced charting and professional analytical tools with streaming prices and news.
The TD Derivatives Web Trader platform is available online while TD Derivatives Professional, which offers additional technical indicators in its charting tools, is available as a downloadable platform that can be configured to desktops4 so customers can enjoy a faster and more flexible performance because it not accessed through a web browser.
TD Financial Spread Trading (provided by London Capital Group):
The TD Financial Spread Trading account, provided by LCG, one of the UK's leading financial services companies, now ensures our financial spread traders can benefit from their own dedicated, streamlined service with tighter, competitively priced spreads starting from 1 point on FTSE 100 trades.
In addition to their own dedicated account, TD Financial Spread Trading customers will soon be able to trade on the go with the impending launch of a free iPhone app5, which will allow customers to monitor their portfolio and place trades from the palm of their hand, no matter where they are.
Darren Hepworth, Trading and Customer Services Director comments: “We always strive to ensure our customers have access to the best products and services. With the launch of the TD Derivatives Trading and TD Financial Spread Trading accounts, our customers can take control of their trading needs with two great services and create their perfect trading environment.
“Retail derivatives services are more suited to experienced traders. With this in mind, we request customers undergo status and appropriateness tests on a TD Derivatives Trading or TD Financial Spread Trading account. It is very important to remember that retail derivatives trades are subject to higher risks and not suitable for everybody. For this reason TD has also developed free demos of the TD Derivatives Trading and TD Financial Spread Trading accounts to help educate customers of the risks involved and to allow them to familiarise themselves with the services available.”
Important risk notes:
Margin Products and Spread Trading carry a high degree of risk to your capital. Losses can quickly and substantially exceed your initial investment. Margin Products and Spread Trading are not suitable for all investors. Trading Margin Products may require you to make further margin payments. You should fully understand the risks and seek independent advice if necessary. The value of your investments can go down as well as up. You may not get back all the funds that you invest.
Footnotes
1: Source: Compeer based on daily average retail trades for TD Waterhouse including its white label partners, as at March 2011.
2: The relevant market currency will be charged on international stocks.
3: Level 2 is free to TD Derivatives Trading customers. If a customer does not conduct a minimum of 4 trades in each calendar month, the service will be switched off in the following month. If this occurs, the customer will be required to call before the service will be reactivated.
4: The TD Derivatives Professional downloadable platform is compatible with Windows operating systems and subject to the computer’s firewall. It is not compatible with Apple Mac, LINUX or any other operating system.
5: The TD Financial Spread Trading iPhone app will be launched in the next few months, to be followed by a dedicated TD Derivatives Trading iPhone app later in the year. TD is also developing apps for Android users.
