Tradefair Betting Review
Tradefair is a division of Betfair, which remains the world's largest Internet betting exchange. Betfair first got its start in 2000, and seven years later launched Tradefair their spread betting and binary betting off-shoot. Unlike their parent company, Tradefair focuses strictly on financial markets. They provide services that allow customers to speculate on stocks and shares. There are currently over 2,000 markets available for financial betting with some markets even boasting 24 hour trading.
- Deposit Bonus: 100%
- Signup Code: Use Link
- Rakeback: VIP
- Network: Indepedent
- Mac Friendly: No
Financial Betting at Tradefair
With the growth in popularity of financial betting, Tradefair provides an arena for customers to make their spread betting without paying commissions to a stockbroker and without paying taxes on earnings. A spread bet is simply a bet backing the market or share price to move up or down.
For instance, a customer believes a company set at 450 points on the market will move up and therefore decides to buy at $15 per point. The company's points go up to 460, meaning the potential profit of the bet is $15 X 10 point which equals $150. Selling the points spread then equates to a profit win of $150. Naturally, a company may move down the market which can result in a loss for the customer. Bets that do not work positively and continue to hemorrhage a loss in finances can be stopped with Tradefair's stop loss orders. These are set by the customer, and the spread bet will be immediately closed out at a loss when this set limit is hit. This helps customers cut their losses on spread bets that don't appear to be recovering.
Other Types of Betting at Tradefair.com
Tradefair does not offer any type of betting that is not related to financial markets. Apart from their spreads betting, they also provide customers with their Hi Lo service. This allows customers to speculate on markets' positions in a certain time length. Bets can be made on whether a whole market's position will increase and decrease in the next 5, 10 or 20 minutes. This is a slightly more non-traditional financial betting scheme, great for customers who are new to market speculation.
Tradefair Betting Bonuses And Promotions
Tradefair currently offers a sign up bonus for new depositors. First time customers who register an account and deposit up to $155 will receive a 100% match bonus that occurs when five bets, not on shares, is placed. First time customers who qualify for Tradefair's sign up promotion also receive access to Tradefair's Little Black Book Vol 1 & 2, as well as one year access to ADVFN, one of the most comprehensive financial information sites, for free. Tradefair's promotion partnership with ADVFN, offers customers access to specific financial data of various U.K. companies and free use of their financial analysis tools.
Tradefair Betting Site Payment And Deposit Methods
Tradefair accepts deposits via credit card, bank transfer and checks. Minimum deposit limits vary on what specific product you use on Tradefair, with spread betting starting at 1 GBP, or $2 per point pending on what market is speculated on. Credit card deposits are subject to a 2% charge, international bank transfers may incur fees by the user's or Tradefair's banks while checks are subject to a service and handling charge. Withdrawals are available and are performed with whichever primary deposit method used by the customer.
Tradefair Betting Site Safety/Customer Service
Tradefair representatives are available for customer service support during regular business hours and can be contacted via e-mail, telephone of fax. The Tradefair betting site also contains a helpful FAQ section and a comprehensive video tutorial on how to use their products and services. Tradefair uses a security infrastructure from Thawte, providing secure transfer of all sensitive banking information online. Credit card deposits and withdrawals are also secured by the 3D Secure system, that helps authenticate card user identity.