DXtrade Trading Platform Now Supports Spread Bets

Devexperts, a product company specialising in the development of capital markets software, has enhanced their DXtrade trading platform by adding support of spread bets. Along with FX/CFD and Crypto, brokers licensing DXtrade can now offer spread betting to their traders.

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Devexperts' decision to add spread betting to DXtrade was based on the high demand that the company has seen in the past months. For the UK brokers, spread betting is a tax-efficient instrument that is free from capital gains tax and stamp duty. It allows traders to benefit from price movements of numerous financial instruments.

Jon Light, VP of Trading Solutions at Devexperts who is overseeing the FX/CFD product line commented on the opportunity for the brokers looking to add spread bets: "Adding spread bets is a great opportunity for the UK brokers as it can help diversify and expand their audience. It's an equally beneficial instrument for established brokers looking to offer something new and for startups looking to target a certain client segment. As a broker using DXtrade, you can hedge spread bet client positions directly with the CFD market."