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FT Guide to Foreign Exchange Trading by Stuart Fieldhouse

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2

Accessing the markets: different types of FX trading account

There is a broad range of FX trading accounts available. Much will depend on where in the world you live. These days, CFDs have come to dominate much of the online retail FX trading market, with spread betting still the most popular format in the UK. However, traders based in North America will not have access to either of these.

There are now many different trading platforms out there, some better than others, and most spread betting companies have spent a lot of money in the development of their own proprietary trading platforms.

As discussed in the previous chapter, you will find currency trades will be quoted using two prices, not one. This is called the bid/offer spread ...

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