Paddy Power Traders originally launched in the second quarter of 2007 enabling investors and short-term traders to take advantage of the many benefits of financial spread betting, including being a tax–free alternative to trading shares and financial markets. The product continues to grow in popularity in the UK and Ireland, amongst not only financial industry professionals, but also amongst those with an interest in the stock market.
In October 2010 paddypowertrader launched CFD trading in addition to the financial spread betting platform. Today, Ireland’s largest bookie offers both a spread betting and CFDs offering, where clients can now access the CFD platform and spread betting trading platform from just one account and the same wallet.
“The best thing about our new platform is the fact that you can switch between our spread betting platform and our CFD platform with just one click of your mouse. We have a very easy to use platform already so you can get started trading quickly.”
Throw in some of the tightest spreads in the business (eg 1 point FTSE) and low margin requirements and you have a pretty exciting offering, Continued McAnaney, commercial manager at Paddy Power Trader.
paddypowertrader is a major white label of London Capital Group, (www.capitalspreads.com) which has a list of clients also powered by Ariel’s technology, including Tradefair Spreads (www.tradefair.com).
BOOKMAKER: UK licensed, Power Leisure Ltd trades as Paddy Power Bookmaker. PaddyPower.com is Ireland’s largest bookie, with Paddy himself a betting industry celebrity.
AROUND SINCE: 1988. Formed back in 1988 Paddy Power rapidly became a shining light in the Irish and UK betting industry. Innovation has been the key to the success for the company who from day one sought to be different from the chasing pack. The vision was simple, position betting as entertainment; make betting with Paddy Power a fun experience that meant a lot more than simply winning or losing money.
Paddy Power is the largest provider of fixed odds sports betting in Ireland. The company operates through licensed betting offices along with operating Ireland’s largest telephone (Paddy Power Dial-a-Bet), online and casino betting operations. The company also markets its services in the UK. Paddy Power is a member of both the United Kingdom and Irish stock exchanges with a total amount staked of almost €1.8 billion. Just imagine that the capitalization of the company now exceeds the market valuation of some banking institutions in Ireland [2010]!
The company has as an unconventional approach towards betting; Paddy Power is committed to making low-stake betting more entertaining and accessible. Through this strategy the company has developed a strong reputation as “The Punter Friendly Bookmaker” and has become renowned for its unique ‘Money Back Specials”.
Paddy Power Trader is very much targeted at investors that are unfamiliar to the world of spread betting. There is ample information that can be accessed even before you start start betting, including trading guides, vocabulary and even a trader academy. There is also trading blogs you can follow with trading diaries of other traders and investors as well as a community to post questions to.
- Weekly wraps – Packed with news and comments on the latest industry movers and shakers
- State of art trading platform – Fast online execution, interactive charting, portfolio management tools and much more
- To bet at PaddyPowerTrader you will need to register a spread betting account (this will be separate to an existing Paddy Power sports betting account). Once registered you can access a trading window, where you can place spreadbets, view graphical stats and trend graphs and check your trading positions. Paddy Power Trader