SpreadEx offers financial spread betting for UK-based traders. In a fiercely competitive area of the UK broker market, the London-based firm is well-known for innovative promotions that are also useful for their traders. This October, they have introduced a new offer to make earnings release volatility more attractive for traders.
Ahead of the key part of earnings season, SpreadEX has announced that it is offering 0% commission on Tesla and all FAANG stocks – (Facebook, Apple, Amazon, Netflix, and Google-parent Alphabet) – for the remainder of October. This, alongside extended opening times from midday to 1 am (UK time), allows investors to trade these companies spread-free before and after their latest earnings updates.
SpreadEx Statement
SpreadEX spokesperson Connor Campbell said:
“With one of the most important third-quarter earnings seasons in memory, thanks to the impact of the pandemic, alongside increased volatility in the run-up to the US election on November 3rd, SpreadEX wanted to put investors in the best position possible to manage their portfolios effectively and successfully.
By removing spreads on what are essentially the biggest companies in the world, and extending opening times to create a clear runway and landing zone either side of these mega-releases, SpreadEX is allowing investors to trade what they want, how they want, and when they want.
Combined with our powerful, fully-customizable trading platform – including advanced charting, trading via charts, and a variety of ways to receive price alerts – we firmly believe that SpreadEX is the single best place to see out the third quarter earnings season.
Since SpreadEX was founded in 1999, our ethos has been to put investors first, and this is the latest example of us putting that principle into action.”