2. No commission
You also don’t have to pay commission when spread betting, as the cost of opening your position is covered in the spread.
The spread is the difference between the buy and sell prices you’ll see listed on your spread betting platform. Instead of charging a commission to open your position, a spread betting provider will add their costs onto the market prices that are available on the underlying market.
So if EUR/USD is trading with a market price of 1.1875, a spread betting provider might let you buy at 1.1878 and sell at 1.1872 – adding a 0.6-point spread.
However, there could be other charges to pay once your position is open. You might have to pay overnight funding charges, for instance, depending on the type of contract you trade.