UK based Sanlam Private Investments (SPI) has launched SPI Direct, a new service offering investors a variety of tax efficient platforms where they can access and trade major global markets 24 hours a day within the trading week on a self-execution basis.
The new service is an execution only platform, which includes a landmark contracts for difference service (CFDs) and designed to cater for all levels of investor.
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With this service, the firm’s clients will be able to spread trade or trade CFDs on all major asset classes from one account, or take control of their future retirement with the bespoke offering of a CFD SIPP trading account.
The firm claims that the SPI Direct will offer market leading spreads, exceptionally low margin requirements and no commission, on all major financial asset classes including individual stocks, forex, indices, commodities, bonds and interest rate products through its multi-functional platform.
The service is assisted by a suite of learning tools and practice trading, enabling clients who are new to spread trading to build expertise on a free demo account with £10,000 of virtual funds.
Craig Massey, CEO of Sanlam Private Investments, said: "We can now offer clients a broader range of international investment opportunities on both a self-execution or advisory basis, or a combination of the two. This is also significant because this is the first time we have entered into the spread trading and CFD market in the UK.
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By GlobalData"On the simplest level it will appeal to clients who are interested in monetizing their view on the markets. But it will also attract investors who may wish to enter into more exotic trades or hedge their physical stocks portfolios by trading in CFDs. Our bespoke SIPP offering, meanwhile, is aimed at sophisticated investors who would like to take control over part, or all, of their pension pots," Massey added.
