Spread Bet with a top UK broker
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.
1 lot (100,000 units)
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 )
$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!
*Not available in the US and other phohibited countries
**Other fees and charges may apply, please see all Fees and Charges for details
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.
Axi is authorised and regulated by the Financial Conduct Authority (FCA), Reference Number 466201.