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AxiTrader launches tighter spreads on cash CFDs

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Broker AxiTrader has launched extra tight spreads on cash contracts for differences (CFDs), offering what it says is one of the most competitive pricing structures in the market.

CFDs allow traders to follow an asset price both up and down, with cash payments used for the differences in settlement, rather than physical goods or securities.
 
AxiTrader’s UK customers can now take advantage of the low spreads and incredibly competitive financing, which are available for cash CFD trades on the S&P index.
 
“The S&P can be very volatile, as recent fluctuations have demonstrated,” says Louis Cooper (pictured), Global Head of Retail Services, AxiTrader. “As such, there’s a huge advantage to being able to trade both long and short as a cash CFD – it allows traders to benefit from that volatility. That’s why we felt the time was right to launch our exceptionally competitive cash CFDs offering.” 
 
AxiTrader is offering 15 markets with promotional spreads, including the DAX at just 0.6 pips and the UK100 at 0.8 pips. The launch marks one of the lowest spreads that the leading trading platform has ever offered, and one of the most competitive prices on the market.
 
“Cash CFDs are particularly exciting for spread betting, as traders are at present exempt from paying taxes on their profits with these accounts,” says Cooper. “With some of the lowest financing fees available on the market today, traders are able to enjoy maximum returns from the cash CFDs.”
 
At present, the tighter spreads and ultra-low financing for cash CFD products are available to AxiTrader’s UK customers. The new offering means that traders can use CFDs with confidence to make the market work to their advantage, no matter whether prices fluctuate up or down.

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