Spread Angel, a comparison platform founded in 2015 by a team of experienced traders and financial analysts, announces a strategic rebranding in response to the changing needs of the financial spread betting market, with a renewed focus on education. The change is significant, steering clear of grandiose industry claims and focusing instead on the practical integration of educational resources into Spread Angel’s existing services.
Differing from traditional money advice and comparison sites like ‘Money Saving Expert’, ‘Compare the Market’, and ‘Go Compare’, Spread Angel addresses a specific need by providing educational resources and a comparison calculator designed for the financial spread betting sector. This tool aids traders in comparing broker costs, including forex pair spreads, overnight fees, and hidden costs that are typically not as transparent.
The intricacies of financial spread betting require understanding of risks and strategic planning for trading success. Spread Angel aims to assist traders by simplifying these complexities. The Spread Angel calculator facilitates the comparison of fees and costs associated with different brokers, enhancing transparency and aiding informed decision-making.
Peter Camden, co-founder of Spread Angel, states, “Our updated platform reflects our commitment to education and resource provision. It’s designed to serve both novice and experienced traders, offering clarity on financial spread betting and broker support.”
Spread Angel’s rebrand distinguishes it from other comparison sites by focusing on financial spread betting education and enabling users to make informed decisions through clear savings displays and trade strategy comparisons.
The relaunch introduces tools and resources like the Broker Comparison Calculator and an extensive Broker List, alongside educational content such as blogs and detailed spread betting guides. These are intended to help users effectively navigate the trading environment, maximise profits, and customise their trading strategies.
Camden adds, “Given the growing interest in alternative investments like cryptocurrencies, the value of solid education in financial spread betting is clear. Our aim is to be the go-to resource for informed trading decisions, highlighting both the opportunities and risks involved.”
Spread Angel’s rebranding addresses the essential need for education in the financial spread betting industry, which has seen significant growth, with an estimated 1.7 million individuals engaging in CFD trading by 2024. This initiative is particularly relevant given that an estimated 82% of traders face losses, underscoring the demand for improved knowledge and strategic insight.