Most SB companies white label their trading platforms. They generally are separate companies but just use people like CMC or Capital's platform. Look at ETrade. They are a big(ish) spread betting company that uses someone elses white label platform, I think they use Saxo.
Was wondering which companies were actually working all the time today . I heard that quite a few were down or weren't taking trades for large parts of the day.
Name and shame those who couldn't cope and praise those who could on what must be one of the busiest days ever for most of them.
If you use a big cash rich company like IG, CMC, Barclays etc. there is less of a chance that they will be unable to pay up.
I think most SB companies have good risk management so are unlikely to get caught out with massive exposure in a crash.
In theory spread betting companies make their money from the spread, so that is why they don’t have to charge commission. Win or lose they win, so shouldn’t care if clients win.
This is ‘in theory’ ;)
Finspreads have about the smallest trade amounts around, so you can place trades at any amount e.g. £3.43 per point. I am not sure if this depends on what account type you have as it does with some SB companies