Can Trading CFDs on RBS Shares Heighten your Profit Potential?
LONDON, May 8, 2012 /PRNewswire/ –
You can take a position on the major indices markets with CFD trading provider City
Index [http://www.cityindex.co.uk/cfd-trading/how-to-manage-risks.aspx ], whilst
benefiting from paying no stamp duty* through trading CFDs.
The Royal Bank of Scotland (RBS) reported better-than-expected first-quarter earnings
for 2012 before the UK markets opened on Friday 4 May.
The state-owned lender posted operating profits of GBP1.2 billion; a stark and welcome
contrast to the GBP800 million profit expectations for the first-quarter of 2012.
RBS Shares Impact CFD Market
As a result of this report, early morning trading saw RBS shares charge to the top of
the FTSE 100 leader board, rallying 1.67%.
Speaking this morning [4 May] about the market surge, chief market strategist at City
Index, Joshua Raymond, commented: “The share price rally of 1.67% would undoubtedly have
been stronger were it not for investors buying into the banks share price in the last week
after both Barclays and Lloyds beat expectations,”
Adding: “With most investors not expecting them [RBS] to beat forecast by the margin
they have done so, greater demand for RBS shares has been seen in early trading.”
Can CFDs Heighten Profit Potential?
As an alternative to more traditional forms of trading, investors can heighten their
profit potential by trading CFDs on margin
[http://www.cityindex.co.uk/cfd-trading/what-is-cfd-leverage.aspx ] (also known as
The margin feature allows you access to over 12,000 financial instruments
[http://www.cityindex.co.uk/cfd-trading/cfd-markets.aspx ] for only a small initial
deposit between 1% and 10% of the underlying market’s total value.
In addition, all CFD trades are exempt from UK stamp duty*.
These features combined; investors are able to magnify their potential profits.
However, it is important to remember that as a margined product you could lose more
than your initial deposit if prices move against you. Ensure you full understand the risks
[http://www.cityindex.co.uk/cfd-trading/how-to-manage-risks.aspx ] before placing a CFD
Trade CFDs with City Index
Today more and more individual traders are discovering the benefits of derivatives,
and many of them are discovering them through a City Index trading platform
As a group, City Index transact in excess of 1.5 million trades every month in over 50
countries. We provide access to a wide range of instruments including margined foreign
exchange, CFDs and, in the UK, financial spread betting
City Index constantly strives to improve their performance across their professional
trading platforms and expand their range of services.
The result is their customers benefit from innovative trading tools with transparent
pricing, competitive spreads, and a high standard of customer support. Visit
http://www.cityindex.co.uk for details.
* CFD trading is exempt from UK stamp duty. However, tax laws are subject to change
and depend on individual circumstances. Please seek independent advice if necessary.
SOURCE City Index