TradingView Adds Spread Betting to Its Platform via Spreadex Integration
Social trading and charting platform TradingView has expanded its integration with UK-based brokerage Spreadex to include spread betting functionality, the company announced on Tuesday.
TradingView Expands Spreadex Integration to Include Spread Betting
The integration allows TradingView users logged into their Spreadex brokerage accounts to seamlessly access spread betting features directly from TradingView's charting interface. Spreadex has been operating since 1999 and is an established provider of contracts for difference (CFDs) and spread betting services.
Spread betting allows traders to speculate on the price movements of various financial instruments without owning the underlying assets. Profits and losses are determined by the accuracy of the bet and the size of the market movement. In the UK, spread betting is exempt from stamp duty and capital gains tax.
“We hope this integration will help you find new ways of navigating global markets,” TradingView commented in the official blog post.
Source: TradingView
To access spread betting through TradingView, users must log into their Spreadex brokerage account via the trading panel and look for symbols prefixed with "SPREADEXSB:" in the platform's symbol search function. The integration adds to the existing range of tradable instruments available through Spreadex on TradingView, which includes index CFDs, stock CFDs, and currency pairs.
Rising Popularity of TradingView and Rising Integration
TradingView, which boasts a global user base of over 30 million, integrates with numerous data feeds to provide its users access to over 1.3 million financial instruments worldwide. The company has grown strongly in recent years as retail traders increasingly flock to social trading platforms.
Spreadex joins a growing list of brokers partnered with TradingView to offer trading capabilities directly through the platform's advanced charting interface. Other brokers include FxPro, Oanda, and AMP Global.
Last month, Vantage joined the list of companies that enabled their clients to trade directly from the TradingView platform. TraderEvolution Global Ltd, a multi-market trading platform provider, also partnered with TradingView, allowing brokers using TraderEvolution's enterprise solution to offer their clients the ability to trade directly from the TradingView platform.