Spread Betting Is Now Available on Devexperts' DXtrade Trading Platform

Fazzaco learned that Devexperts, a financial software provider for the capital markets industry, has added spread betting to its DXtrade trading platform.

The new addition came at a time when Devexperts are seeing high demand for spread product. In the UK, spread betting a tax-efficient instrument that is free from capital gains tax and stamp duty. 

FX/CFD Brokers using DXtrade can now offer spread betting to their clients who will be benefit from movements of numerous financial instruments, including stocks, indices, commodities, ETFs, FX and cryptocurrencies.

"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," commented Jon Light, VP of Trading Solutions at Devexperts.

As Fazzaco reported earlier, Devexperts has partnered with FXStreet​, a leading provider of information for FX, CFD, and cryptocurrency brokers and traders. Through this partnership, brokers will be able to seamlessly add news feeds from FXStreet to their DXtrade instances.