- UK 0800 804 8772
- INTL +350 2004 7310
Frequently Asked Questions
Use these FAQs to answer any questions you may have regarding ProSpreads.
Does ProSpreads vary the spread according to market conditions?
No, we offer a fixed spread relative to the bid/offer of the underlying contract. We deal in the size quoted from the underlying market.
How will I be classified?
ProSpreads is directed by our regulator, The Financial Services Commission (FSC), to only accept customers who possess the experience, knowledge and expertise to make their own investment decisions and properly assess the risks they incur. This is the FSC definition of a customer who from a regulatory standpoint is classified as a "professional investor", as opposed to an "ordinary customer".
Are client monies segregated?
Yes. Client funds are held in a segregated account, separate from the activities of ProSpreads Limited.
Is ProSpreads regulated by a Regulatory Body?
Yes, ProSpreads Ltd is regulated by the Financial Services Commission, Suite 943, Europort, Gibraltar.
How do I open an account to spread bet with ProSpreads?
All you need to do is complete an application form, either online or in hard copy format. We require the original, complete with the necessary due diligence documents, to be returned to us. ProSpreads is only able to accept as a client those who it classifies as having sufficient experience of trading or betting in financial markets. The minimum balance to maintain an account is £1,000. When our Compliance officer is satisfied that the criteria to open an account is met, our support staff will contact you to assist you in downloading our software.
What markets can I bet on?
A full list of markets can be found under the "Products" tab on the Home page.
Can I bet outside market hours?
Yes, by prior arrangement. Contact the ProSpreads Dealers for more information.
Is betting over Secure Socket Link (SSL) secure?
Yes. ProSpreads uses software that utilizes highly sophisticated encryption.
Can I bet over the telephone as well as SSL?
Our primary focus is on electronic betting. However we appreciate that there are times when clients may only be able to telephone bets, and we have a dealing desk for this purpose. All calls are monitored and an additional £2 per lot will be charged for all telephone orders executed.
Can ProSpreads dealers advise me on positions?
No. We are unable to provide any investment advice and restrict our activities to execution only.
What currency are bets denominated in?
Bets are denominated in the currency of the underlying market security. A full list of markets can be found under the "Products" tab on the Home page.
How can I view my open bets and statement of account balance?
ProSpreads will e-mail clients their daily statement. Alternatively all open bet positions can be viewed via the betting platform, or by calling our back office on + (350) 200 47314.
Are my risks limited?
No. Only speculate with money you can afford to lose. Spread betting trading typically requires the deposit of a small percentage of the total trade value. As the financial outcome is determined by the price movement on the total trade value, profits and losses can exceed the initial deposit. Make sure you fully understand the risks involved, and take advice if necessary. Spread betting may not be suitable for all customers.
How are the margin requirements calculated?
Margin requirements for our products can be found under the "Products" tab on the Home page.
Will ProSpreads contact me for margin calls?
ProSpreads will endeavour to contact its clients for more margins when the need arises; however, it is always the responsibility of the client to make sure they have enough free equity to hold their open positions. Should a client’s position prove untenable then liquidation or stop loss orders may be placed on the account to close positions automatically and in some cases prior to and therefore instead of the creation of any margin call notice. Clients must ensure that the telephone numbers supplied to ProSpreads are current and operative.
Does ProSpreads charge commission on electronic betting?
No. We derive our income from making a spread around the price of the underlying security.
Do I need to pay any tax on any betting profits made with ProSpreads?
ProSpreads has been granted a license by the Government of Gibraltar to conduct Spread Betting on financial instruments. Our license is specific to spread betting. In certain jurisdictions spread betting profits are tax free; customers should consult their relevant authorities in respect of personal taxation of betting gains.
What is the minimum stake size?
The minimum size for any bet is the equivalent of 1 lot in the underlying security for each spread bet product.
What is Direct Market Access?
Direct Market Access (DMA) is where an individual is able to access the underlying market directly and compete with all the other participants. By referencing prices directly from the underlying exchanges DMA is able to offer a number of benefits.
Why do I need Direct Market Access functionality?
There are a number of benefits that DMA offers that will enhance your trading experience. Orders are filled in a fraction of a second, you can trade inside the spread and because prices are referenced from the underlying markets you will have access to some of the tightest spreads and you will never be re-quoted.
How does DMA functionality work as a spread bet?
What you see on the ProSpreads platform are the live, underlying market prices and volumes. When you place a spread bet, a small fixed spread is added onto the live market price (added onto for a long trade, subtracted from for a short trade) in order to give you a spread bet price.
What advantages does DMA functionality spread betting offer me over normal (market making) spread betting?
Primarily, you will be safe in the knowledge that you are not having markets made against you or artificially manipulated. DMA functionality spread betting gives you a level playing field and the fairest chance of beating the markets. Furthermore, because of the DMA functionality that ProSpreads offers you, you get instant order execution. There are no delays and you will never be re-quoted.
How much does DMA cost?
DMA functionality is available via the ProSpreads platform at no additional cost. The only costs you are liable for are the fixed spreads that we apply to the market prices.
If you have a question not covered in the FAQs above, please contact us
on +44(0)203 370 6220 or email us at enquiries@prospreads.com
View our platform tour video
See why our superior trading platform is the Professional’s choice for Spread Betting



