Just a few years ago, spread betting was associated in the minds of most UK investors with gambling - something that was a bit of fun and certainly not anything a serious-minded investor could make a living from. That impression seems to be changing fast.
More and more investors are turning to spread betting firms to express views on stock prices, commodities, fixed income and foreign exchange. If traditional brokers aren't worried, they should be.
The big thing in spread betting firms' favour