Spread Bets Demanded by FX/CFD Brokers Available Now on DXtrade Trading Platform

FinanceFeeds Editorial Team

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.

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.

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, including:

  • stocks
  • indices
  • commodities
  • ETFs
  • FX
  • cryptocurrencies

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.”

Full Apps Control Deployed to Brokers in a Week

DXtrade is a platform that offers brokers brand recognition and total control of their mobile applications. All trader facing frontends are branded with the customer’s logo, and the mobile apps are launched on app stores using a unique link for each broker. This provides brokers with the assurance that no one is able to take their apps down, because they are not sharing the app store link with other brokers. In addition, the platform is offered with 24/7 maintenance and support to brokers. 

Driven by the market trends, Devexperts invests in the development of the platform according to what brokers need to attract and retain their users—and it can be delivered just within a week.

DXtrade is connected with several of the most popular liquidity providers and hubs, among which are GCEX, PrimeXM, OneZero, and Centroid. It is possible to connect DXtrade through the industry APIs with broker’s preferred LP. Clients will need no extra tools such as bridges, meaning no extra costs for unnecessary plugins while benefitting from single-tenant deployment. 

Trader Retention Tools 

The platform has a flexible layout where widgets can be set up individually for different trader groups. Brokers can either preset a number of layouts with charting, news feed, watchlists, etc., for their experienced traders, or offer a single fixed layout for novice traders with only necessary widgets open.

In addition, the platform retains traders by offering a trading dashboard that summarises their performance at a glance. Available metrics include intraday performance, risk/reward ratios, win rates and winning/losing trade holding times. 

Another loyalty increasing tool for traders is an embedded Trading Journal. It logs all trade orders and lets them add notes or tags in order to better stick to their trading strategy and stay on track. Traders can also access account statements with a single click, enjoy fast transactions, access online chat support and receive real-time updates about market events. 

About Devexperts 

Devexperts specialises in developing software solutions for the capital markets industry. Their clients are brokerage houses, exchanges and wealth management firms. Devexperts have developed numerous well-known trading platforms, used by US and EU brokers, with millions of people across the globe trading daily. Devexperts’ services include UI/UX design for trading apps, quality assurance of financial software, market data feeds, AR/VR data visualization, trading chatbots, and market analysis tools. https://devexperts.com/ 

About DXtrade: 

DXtrade is a SaaS trading platform ready for white-labeling for retail FX, CFD, Crypto, Spread betting brokers worldwide. The platform was developed by Devexperts, a software provider specializing in trading and investment software development since 2002. https://dx.trade/ 

Read this next

Retail FX

Interactive Brokers adds 680k accounts, daily trades hit two-year high

Interactive Brokers LLC (NASDAQ: IBKR) recorded 2.44 million daily average revenue trades (DARTs) in February 2024, marking a notable increase from the 2.2 million transactions observed in the previous month. This figure represents the highest DARTs reported in two years, indicating an 11 percent monthly surge and a 15 percent year-on-year rise.

Retail FX

Financial Commission adds Ultima Markets to membership roster

Multi-asset brokerage firm Ultima Markets, operating under the trading name Ultima Markets Ltd, has been granted membership of the Financial Commission, marking the most recent inclusion into the ranks of the self-regulatory organization.

Digital Assets

Bitcoin hits fresh record high amid massive short squeeze

Bitcoin has surged to record highs against both the euro and the pound, hitting €60,447 and £51,736 respectively on Coinbase. The primary cryptocurrency has seen an almost 7% increase in the past 24 hours.

Digital Assets

US court rules crypto trades as securities in Coinbase case

A US court ruled that trading crypto assets on platforms like Coinbase constitutes securities transactions.

Market News

Weekly Data: Oil and Gold: Brief Review before the NFP

This preview of weekly data looks at USOIL and XAUUSD where economic data coming up later this week are the main market drivers for the near short-term outlook.

Institutional FX

FXSpotStream reports lower volumes for February 2024

FXSpotStream’s trading venue, the aggregator service of LiquidityMatch LLC, reported its operational metrics for February 2024, which moved lower on a monthly basis.

Fundamental Analysis

Global FX Market Summary: EUR, USD, Gold March 4th,2024

US Dollar Weakness: The US Dollar (USD) is currently struggling to gain strength due to a combination of factors.

Technical Analysis

Bitcoin Technical Analysis Report 4 March, 2024

Bitcoin cryptocurrency can be expected to rise further toward the next resistance level 69000.00 (former multiyear high from January)

Opinion

Finding Opportunity in Challenge: Why New Regulations Offer a Chance For Business to Get on Top of Data Management

The combination of CESOP, PSD3 and the PSR, has put businesses under new pressures. In this engaging article, André Casterman, Senior Advisor at Intix provides invaluable guidance on how companies can stay ahead of the curve.

<