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Axi Spread Betting accounts do NOT operate on a point per move basis. Your account operates like a standard FX/CFD account with an added tax exemption*, and Lot Sizes are used instead of Bet Sizes.
*Applies to UK spread betting. Tax laws are subject to change and depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK. Axi does not provide tax advice.
Markets to Trade
Spread Betting allows you to speculate on a wide range of financial instruments and products with maximum flexibility. The available markets are:
Spread Betting allows traders to participate in financial markets by buying or selling with the aim of making a profit. Just like standard CFD trading, you can speculate on the direction in which the price of an asset will move, without actually owning the underlying asset. The difference is that Spread Betting is free from Capital Gains Tax and Stamp Duty*.
How Spread Betting works
Spread Betting is similar to CFD trading – a common form of trading for popular products like Gold and Oil. In Spread Betting, you simply speculate whether the price of a product or asset is going to go up or down. If the market price goes in the same direction as your bet, you make a profit. If the market price goes against you, you make a loss.
1. The Spread
The difference between the Buy and Sell price is known as the spread. Generally, investors prefer low or "tight" spreads, which means the Buy and Sell price are close together.
2. The Bet Size
The Bet Size (Lot Size) is the amount you invest per unit of movement of the underlying market. The size of your position determines the size of your potential profit or loss.
Please note: Axi Spread Betting accounts do NOT operate on a point per move basis. Your account operates like a standard FX/CFD account with an added tax exemption*, and Lot Sizes are used instead of Bet Sizes.
3. Bet Duration
Bet Duration is simply the amount of time the position is held open before it is due to expire or is closed.
Placing a Spread Bet
Example: Spread Bet with Forex
Currency pair: GBP/USD Current rate: 1.4000 Bet size: £1 per point (0.0001)
Let's say you want to place a spread bet equivalent to about £1 a point move (per 0.0001) in GBPUSD at the rate of 1.4000. The value of a point is always given in relation to the second currency mentioned in the pair, which in this example is USD.
1 lot (100,000 units) GBPUSD
100,000 x 0.0001 = $10 per point move.
For GBPUSD, 1 lot (100,000) of GBPUSD equals 100,000 x 0.0001 = $10 per point move.
0.1 lot (100,000 ) GBPUSD
$1 per point move ( 10,000 x 0.0001)
You want to bet £1 a point, which is £1 x 1.4000 = $1.4. So, you would place a trade of 0.14 lots!
CFDs vs Spread betting
Buy or Sell
Offered in multiple jurisdictions*
Taxed in the UK
Forex, Stocks, Indices, Commodities
No deposit or withdrawal commission**
Commission depending on broker
Commission depending on account type
Buy or Sell
Offered in the UK and Ireland
No Capital Gains Tax, no Stamp Duty
Forex, Stocks, Indices, Commodities
No deposit or withdrawal commission**
Commission contained within the spread
*Not available in the US and other phohibited countries
**Other fees and charges may apply, please see all Fees and Charges for details
How to start spread betting with Axi
Open an account
Create a free live spread betting account with Axi
Verify and make a deposit
Complete your account verification and make a deposit
Start trading
Download the trading platform, pick a product and place your first trade!
The spread is the difference between the buy and sell prices quoted on a market. For example, if the EUR/USD market has a buy price of 1,0724 and a sell price of 1,0720, then it has a four-point spread.
When you spread bet, the spread also contains the cost to open and close positions. Instead of paying commission when you trade, your costs are covered by the spread.
Spread betting allows you to get involved in the global markets in a more flexible and dynamic way. Just like CFD trading, you can speculate on the direction in which an asset’s price will move. Follow EUR/USD, Gold and Natural Gas and bet on market moves without paying Capital Gains Tax or Stamp Duty*.
*Applies to UK spread betting. Tax laws are subject to change and depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK. Axi does not provide tax advice.
Financial spread betting is only available in the UK and Ireland. If you live outside those countries, you could try trading with Axi's low spread CFD accounts, which are subject to tax.
