May 1, 2012 (Newswire.com) - Online spread betting site IndependentInvestor.co.uk has warned traders of the importance of trusting their spread betting broker, in order to help minimise the number of bad broker choice decisions that can have a dramatic impact on trading performance.
With more brokers flooding on to the market, IndependentInvestor.co.uk said it was more important than ever for traders signing up for a spread betting account to know and trust the legitimacy and reputation of their brokers to give them the best chance of getting a fair deal and a strong trading experience.
Furthermore, with brokers setting the spreads which directly affect the amount of commission, or the handicap, payable by traders, the incentive to switch to a different broker in order to save on short and long term costs can be significant.
A spokesperson for IndependentInvestor.co.uk said that trusting they are getting a good deal and a satisfactory trading experience was key to traders being comfortable with the choice of broker they have made for the long-term.
"Knowing and trusting your spread betting broker before signing up for an account is one of the first steps you should be taking towards getting the best deal for your spread trading. The notion of trusting a supplier can often be lost online, where we rely on more easily manipulated visual cues to determine authority and legitimacy. With spread trading, as with any investment broker for that matter, it's a far more serious issue, and one that requires a diligent mind to carry out the required research work in order to prevent making a potentially very costly error of judgement."
"One of the easiest ways you can establish this level of trust in a broker is through reading and comparing different broker reviews. Independently reviewed brokers are the perfect option, assuming you've taken care to read and learn from the experiences of others, and as a central component part in making the best decision, traders should spend more time deliberating reviews before settling on a final broker choice."
IndependentInvestor.co.uk is a spread betting review site, helping traders compare and research different spread betting broker options.
IndependentInvestor.co.uk is an online spread betting broker comparison site, committed to bringing traders up-to-date, accurate reviews, feedback and spread betting forum on what various spread betting brokers have to offer. In addition to helping traders find a broker, IndependentInvestor.co.uk provides basic guides to spread trading, from introductory to advanced level, to help traders learn and improve their trading skills.
IndependentInvestor.co.uk is the web's most prominent financial trading authority, covering broker reviews and know-how across instruments and markets, including spread betting, contracts for difference, share dealing, forex and futures trading.