IG Index Offering Custom Bets
IG Index clients can now create their own bets to fit their requirements because of the new custom bets functionality introduced by the company.
IG clients can easily create a custom bet by choosing a market, a movement direction, a maturity date, and the desired stake, with the help of simple sliders. Information about how much the client stand to win or lose is instantly shown.
A custom bet is available with all popular markets as the underlying, including Stock indices, Commodities, and Currencies, and can be set to expire from just a few minutes after being placed to a few days or later.
There are five types of bets available: fast money, binary, binary range, one touch, and no touch bets. Each type has particular features attached, and the outcome depends on a certain level or range being reached or not by the underlying.
“This is something of a change from the traditional trading interface for IG Index, but we really believe the Custom Bets proposition opens up the financial markets to a new segment of the betting community. Working along the lines of a traditional fixed odds bookie, the stake and maximum return are known at the outset, although clients can still trade out of their position before expiry if they want to. Moreover, the intuitive graphical slide bars give the utmost flexibility when looking to structure a bet to meet your requirements as opposed to simply taking what the broker has to offer” commented Tim Hughes, IG Index managing director.
Custom Bets are a way of simplifying exotic options and to make it easy for traders to assume the desired position on markets. Beginners can find it the best method to limit losses and gain exposure to financial markets.