London, England -- (SBWIRE) -- 11/16/2010 -- WorldSpreads is offering a prize of GBP100,000 to any client who can open and close ten consecutive, profitable trades in a row between Monday 15th November and Friday 10th December. To qualify, the trade must earn a profit of at least five points.
The competition celebrates ten successful years in which WorldSpreads has grown globally and become one of the most competitive spread betting companies in the UK, from a price perspective.
A recent study of WorldSpreads customers' spread betting activity showed that almost three quarters of clients' bets are closed in profit. By way of reference, seven WorldSpreads' clients placed 10 such consecutive winning trades between May and July of this year.
If more than one trader wins, the cash will be divided equally. If no-one achieves 10 such profitable trades in a row, the prize will be award to the client(s) with the highest number of consecutive winning trades.
The competition is open to new and existing customers.
Says Conor Foley, WorldSpreads' CEO; "This competition is for everybody. It celebrates not only our birthday but the appeal of spread betting for those trading for a living or just for fun. I look forward to handing over the cheques in time for Christmas".
Editor's Note
'Open and Closed' trades means new trades, not a series of profits from one trade, for instance, by profitably trading the Wall Street index ten times in an hour. A five point profit must be achieved for a trade to qualify.
WorldSpreads clients can take a position on multiple asset classes using a single account. Spread betting lends itself very well to short-term trading, with low transaction costs and real-time pricing on a web-based platform. With the exception of those taking a longer-term view of stocks and shares, the majority of a spread-betters positions are closed on the same day they are opened.
About WorldSpreads Group plc
WorldSpreads Group plc (AIM: WSPR) is a fast growing financial services group offering online and telephone trading. The Group's core activity is the provision of spread betting products on the financial markets to retail clients from its website www.worldspreads.com.
WorldSpreads Limited, a wholly-owned trading subsidiary of WSPR, is regulated and authorised by the Financial Services Authority and is authorised to offer its products throughout Europe. It offers a full range of spread betting prices on all the major financial markets, including stock indices, individual shares, currencies, commodities and interest rates.
The Group floated on the London Stock Exchange's AIM market in August 2007 and gained a dual listing by joining the Irish Stock Exchange's ESM market in May 2008.
Risk Warning
Spread Betting is a leveraged product. It carries a high level of risk to your capital and, as it is possible to lose more that your initial investment, it may not be suitable for all investors. Therefore, ensure you understand the risks involved and seek independent advice if necessary.