Spread Co Ltd, Argyle House, Joel Street, Northwood Hills, London, HA6 1NW, United Kingdom | Tel: (44) (0)1923 832 600 Fax: (44) (0)1923 845 308 E-mail: [email protected] Registered Office Address: Spread Co Limited, 22 Bruton Street, London, W1J 6QE, United Kingdom
© SPREAD CO Limited. All Rights Reserved
Registered in England and Wales. Registered No. 05614477. Authorised and regulated by the Financial Conduct Authority. FCA Register No. 446677
WEB PLATFORM
Contents
1. Introduction
2. Logging in
3. Client End User Licence Agreement
4. The Trading Platform
5. Market Browser & Watchlist
6. Placing Trades
7. Placing Orders
8. Orders Types
9. Charts
10. Monitoring Your Account
11. Managing Your Positions
12. Order Management
13. Trade History
14. Transaction History
15. Order History
16. Statement
17. Layout
18. Tools
19. Settings
20. Adding Funds Online
1. Introduction
2. Logging in
3. Client End User Agreement
4. The Trading Platform
The Spread Co web platform is a sophisticated yet easy-to-use trading platform, which provides functions such as order management, position monitoring, news,
charting and a real-time account summary.
This Quick Start Guide enables you to log in to web platform and to start trading equities, indices, currencies and commodities. If you have any questions or queries regarding the use of web platform, please visit our website or contact our Client Services Team. 1. Go to our website, where you will find the Live and Demo ‘Login’ buttons in the top right-hand corner:
2. Click on the relevant account type which will take you to a log-in screen. 3. Enter your Username and Password and then press the Login button.
4. If you enter your Username and Password correctly, the web platform will launch.
5. If you enter your Username or Password incorrectly, the web platform will not launch and will revert to the login page. Try re-entering your login details and follow step 3 above.
6. Click on Reset Password if you have forgotten your password. A new password will be generated and sent to your registered email. 7. If you have problems launching the web platform, please contact our Client Services Team.
When you log in to the web platform for the first time, the Client End User Licence Agreement (EULA) will be displayed. By agreeing to the EULA, you are granted the right to use the web platform for personal use on the terms and conditions set out in the EULA.
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5. Market Browser & Watchlist
1. Search
To search for a specific instrument, select the search option and enter the details of the instrument and click search. You can search via ticker, for example type MSFT and Microsoft will appear.
2. Markets Browser
Select “All Markets” to open the markets tree, and then select the plus option to expand the view; you will see markets grouped by type which then can be expanded further. Select “View” to open the selected groups into the markets window.
By selecting the arrow within the tree, you can browse through all the markets available – please let us know if you are unable to find something you want to trade and we will do our best to provide the market.
Select a market to bring up specific options for that market, for example, a trade ticket which can be displayed within the platform or as a pop out window.
3. Watchlists
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6. Placing Trades
Open a trade ticket from the market browser by clicking on a market or from the markets panel and select trade. The web platform allows you to spread trade on equities, indices, currencies, bullion and commodities. The example below shows you how to place a trade for EURUSD.
1. Open the Market Browser window.
2. Type EURUSD in the Search box and click “Search”. Left click on EURUSD and click on the Trade button.
3. To stake £1 to buy EURUSD, enter 1 into the Stake box in the Trade ticket and click the Buy button (N.B. this will not place a trade until you click “Confirm” on the ticket.)
4. If it is successfully executed, the Confirm Trade Ticket will display the message “Trade Processed” as well as the action, price, trade reference number and time of your trade. An e-mail confirmation will also be sent to your registered e-mail address.
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7. Placing Orders
To place an order for a trade using an Order ticket:
• Identify the market you wish to trade in the Market Browser window. • Left click on the market and select Order option to open an Order ticket.
The fields on the Order Ticket are: 1. Market
This specifies the full name of the market in which you are placing the order. 2. Current Quote
This specifies the real-time Buy/Sell prices in relation to your order. 3. Primary Order: Stake
Specify in this field the stake which you wish to place on the relevant order. 4. Primary Order: Action
This specifies whether the order you are making is a buy or sell order. 5. Primary Order: Level
Specify in this field the price of the primary order for the relevant market in which you wish to place the relevant order. 6. Order Distance
This specifies the price range which you may enter for your order. 7. Stop
This allows you to place a stop attached to your primary order. This stop will become active once your primary order has been executed and will close the position that the primary order created. In order to create a stop you need to tick the check box, and then enter either the level at which you wish it to be placed or the number of points away from the primary order you wish the stop to be at. (N.B. The price of a Buy stop order must be placed above the primary order. The price of a Sell stop order must be placed below the price of the primary order.)
8. Limit
This allows you to place a limit order attached to your primary order. This will become active once your primary order is executed and will close the position that the primary order created.
(N.B. The price of a Buy limit profit order must be placed below the primary order. The price of a Sell limit profit order must be placed above the price of the primary order.)
9. OCO (One Cancels Other)
This tab allows you to create an order which will be cancelled (along with any linked orders) if your primary order executes first. Alterna tively if the price reaches the OCO order level first then your primary order (and all linked orders) will be cancelled.
The process to create an OCO order (and any linked stop or limit) is exactly the same as the process to create a primary order. (N.B. Both the primary order and the OCO have to be in the same direction, i.e. both sells or both buys).
10. Good Until
a. Good Until: Cancelled
If you want your order(s) to remain active until cancelled, select this option.
b. Good Until: End of Day
If you want your order(s) to expire at the end of current business day session, select this option.
c. Good Until: Date/Time
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7. Placing Orders (continued)
8. Order Types
11. Confirm
Click on the Confirm button to submit your order. If your order is successfully placed, the Order ticket will display the message “Order Successful” as well as the reference number of your order. An e-mail confirmation will be sent to the e-mail address which you have registered with us.
12. Close
Click on the Close button to close the order ticket.
An order is a request that allows the web platform to execute a trade on your behalf should market prices reach your defined level. Orders vary in complexity and, if used properly, are a means to assist you to manage risk.
Primary Order
This is an opening order to create a new position or to place an order against an open position.
Contingent Stop and Limit
By checking the Stop and/or limit box you can enable an OCO from your opening primary order.
The stop order will allow you to protect your downside risk and the limit order to take profit from your primary opening order. The attached stop and limit orders will act as contingent OCO. In this case once the primary has been executed the stop and limit will operate as an OCO.
OCO
OCO orders operate as one cancels the other order, so in the case above assuming a primary order has been executed only one of the contingent orders will execute and the other will be cancelled.
In the case of placing an OCO as an opening or closing order against an existing open position, you must first enter the primary order details and then select the OCO tab next to the Primary tab. You can then enter the other half of the OCO, the primary can be the stop order or limit order and the other half of the OCO will be the other leg of the order. OCO’s can only be placed in one direction.
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9. Charts
10. Monitoring your account
To launch the chart for a selected market, you need to:
• Identify the market on the Market Browser window (or any other window that the market is in). • Left click on the market and select the Chart option to open the Chart window.
The right hand corner of the chart displays the market’s current Bid and Offer quotes. Dates can be found on the charts horizontal axis and prices on the vertical axis.
1. Time Span Setting
Click on the plus and minus symbols at the bottom left of the chart, or drag the buttons at the bottom right to modify the time interval of the chart.
2. Frequency Setting
Click on Frequency Setting to modify the time interval of the chart. Ranges are between 1 minute and 1 day.
The Account Summary window allows real-time monitoring of your account balance. The fields that comprise the Account Summary window are:
1. Cash
This displays the cash balance of your account +/- Closed P&L. 2. Open P&L
This is the Marked-to-Market value of the profit/losses on open positions. 3. Equity
This is Cash Balance +/- Open P&L. 4. Margin
This is the total margin requirement to support your open positions. 5. Resources
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11. Managing your positions
The Positions window reflects your real-time positions and their marked-to-market value.
The fields that comprise the Positions window are: 1. Market
The name of the instrument for the relevant trade. 2. Quantity
The accumulated quantity of the instrument for all of your open trades. 3. Open
This is the average entry price in an instrument. 4. Current
The real-time price at which you can close the position. 5. P&L Total
The real-time unrealised profit/loss of your open trades based on the average price (the difference between Current Price and Open Price multiplied by Stake).
6. Margin
The margin requirement of the position. 7. Close
8 Outstanding orders which you have placed, but which have not yet become executed trades, are reflected within the Orders window.
The fields that comprise the Working Orders window are: 1. Market
The name of the market to which the relevant order relates. 2. Buy/Sell
Buy denotes a Buy Order and Sell denotes a Sell Order. 3. Amount
The quantity of the market to which the relevant order relates. 4. Type
The type of order is displayed here.
“Primary” denotes that a primary opening order has been placed. “OCO” denotes an opening one-cancels-other order which is linked to a Primary order.
“Limit” denotes a limit order attached to an open position.
“Stop” denotes that this is a stop order attached to an open position. 5. Current
The market’s real-time market price. On a Buy order, it reflects the real-time Buy price and on a Sell order, it reflects the real-time Sell price.
6. Level
The price at which your order has been placed. 7. Stop
If there are any stop orders attached to your orders their level will be stated here. 8. Limit
If there are any limit orders attached to your orders their level will be stated here. 9. Expires
The order expiry set for the order (e.g. when cancelled, end of business day, date/time).
10. Amend
Click on the Amend button to change the terms of an existing order. You can amend your working order at any time prior to the execution of the order.
11. Cancel
Click on the Cancel button to cancel the working order.
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13. Trade History
14. Transaction History
15. Order History
1. Start Date / End Date
Select a date range to view your Trade history. 2. Search Results
This displays trades executed on your account within the selected time period. 3. Source
Source tells you how the position was created: Streaming prices – trade was placed at a market price.
Order Engine – position was created via an order which was executed. Liquidation System – trade was created by liquidation.
1. Start Date / End Date
Select a date range to view your transaction history. 2. Search Results
The transaction history will show any cash transactions that have occurred on your account, such as deposits and withdrawals. Any profit or loss that has been made on your account will also be posted as a cash transaction at the end of each business day.
1. Start Date / End Date
Select a date(s) to view your Order history. 2. Created (UTC)
The time at which your order was created. 3. Updated
The time at which your order was last amended. 4. Order Ref
The unique order reference number for your order. 5. Market
The market to which the order applies. 6. Buy/Sell
Whether the order is a buy or sell order. 7. Stake
The stake applied to the order. 8. Level
The level at which the order will execute. 9. Status
• Working – the order is active but has not yet been executed.
• Waiting – the order is a contingent order and has been placed but will not be active until its parent order has been executed. • Executed – the order has been filled.
• Cancelled – the order has been cancelled and is no longer working. 10. Fill Price
The price at which your order has been executed. 11. Fill Time
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16. Statement
17. Layout
18. Tools
19. Settings
Clicking on Statements will allow you to access your daily and monthly statements. 1. View Daily Statement
Select Daily Statement and choose a date from the calendar.
Click a date to view the daily statement that you wish to view and then click the Load button (the current day’s statement will be available on the next working day in PDF format).
2. View Monthly Statement
Click on the Monthly Statement and select a month to launch the Monthly Statement.
Select the Monthly Statement that you wish to view from the drop down-menu and click on the Generate button to launch the selected monthly statement in PDF format.
The web platform gives you the ability to customise your layout – simply click on the “Layout” button and then click “Fixed Layout”. This will then allow you to open and close individual windows and move them to your desired location. You can open up other windows by navigating to them and clicking on them via the expandable menus under the Layout button.
You can then save your layout via the “My Layouts” section. You can save multiple layouts and quickly and easily switch between them by select-ing your preferred layout from the “My Layouts” list.
Each window also has a number of layout options in the top right hand corner:
• Minimise – this will minimise the window and attach it to the bar along the bottom of the screen. Clicking the “Restore” button then returns it to its previous position
• Maximise – this will make the window fill your screen. This can be reversed by clicking the “Restore” button • Pop Out – this will open the window in a new browser window, allowing you to move it to wherever you wish Talking Forex – free live audio market commentary, news and headlines
User Guides – Links to our user guides for each account type Economic Calendar – The schedule for the week’s economic data
1. Trading
Order Ticket
• Auto add Stop Order – Order tickets will automatically have a stop selected • Auto add Limit Order – Order tickets will automatically have a limit selected 2. Password
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20. Adding funds online
1. If you have a live account, click on the “Funding” button. 2. This window will then appear
3. Enter the amount you wish to deposit and press “Confirm Amount” and then “Fund” 4. Enter your card and address details and click on the “Pay” button
