About Sporting Index
Sporting Index was formed in April 1992 to specialise in sports spread betting. Today, they are the clear leaders in this sector, having captured over 50% of the market.
The ever-increasing popularity of sports spread betting has led to widespread recognition of the fact that Sporting Index provides a yardstick for others to follow. This is borne out by the frequent references the media make to Sporting Index's markets and prices.
In November 1996, 'Sporting Index Select' was created to offer small-stake spread-betting with limited risk. A Sporting Index Select account is ideal for those new to the concept of spread betting
In February 1998, 'Tote Sporting Index' was created by a joint venture with the Tote, offering Tote Credit clients the opportunity to spread bet. Sporting Index prices can be found in Tote Credit office on race-courses around the country.
In April 1999, the Company expanded its business into the financial markets with the launch of Financial Spreads. Financial Spreads has already established itself as a serious player in the financial spread trading industry.
In May 2000, Sporting Index moved into the fixed-odds betting market with the creation of SportingOdds. SportingOdds.co.uk is interactive and instant, bringing you the fun and excitement of a revolutionary way of betting. SportingOdds was the first fixed-odds bookmaker to offer the in-running betting service which has now been adopted industry-wide.
In July 2001, Sporting Index launched SportingIndex.com, the first truly ‘live’ interactive on-line sports spread betting service.
Securities and Futures Authority
Sporting Index is regulated by the Securities and Futures Authority (SFA). The SFA was set up under the UK Financial Services Act of 1986 to regulate many UK financial markets, including spread betting companies, such as Sporting Index Ltd. The SFA is the British equivalent of the American CFTC (Commodity Futures Trading Commission) and SEC (Securities and Exchange Commission) rolled into one.
SFA regulators inspect spread betting firms on a regular basis to ensure that each firm conforms to the strict rules of the Authority. These include the setting aside of funds as a guarantee against a company suffering big financial losses, as well as a host of stringent regulations to protect the client. Any money deposited with these SFA-regulated companies is segregated under the Authority's regulation to ensure complete security. Winnings are also guaranteed under SFA regulation.
Online Security
There is no need to be worried about trading online with Sporting Index. Our website has been designed by online experts with security of paramount importance. Our secure server software encrypts all of your personal information (ie your name, address and card number) so that it cannot be read as it travels over the internet.
Limited Risk
A Sporting Index 'Select' account offers you all the thrills of an ordinary spread bet with the added security of limited exposure. The Sporting Index Select account allows you to 'spread bet with a safety net'.
Select accounts have a 'Stop-Loss' level applied to the majority of markets. This is a specific level at which certain trades are closed to prevent open-ended losses or profits. This means that when trading on a Select account, you are aware of the maximum you may win or lose every time you trade.
In addition, a Select account also allows you to trade in smaller stakes.