A warning for iPhone spread betters

IG index has just launched its iPhone spread-betting app that lets you trade wherever and whenever you want. But is that really a good thing?

Worried about stepping away from your terminal when the markets are fizzing? Well you no longer have to be. IG index has just launched its own iPhone app. The biggest spread betting firm in the world joins the likes of GFT and ETX Capital. So now you can spread bet from pretty much anywhere.

And it seems plenty of people might be willing to trade from a phone application. City Index's Josh Raymond, quoted in City AM, reckons that 15% of all of the firm's trades are placed from a mobile device and 90% of those involve an iPhone.

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Tim graduated with a history degree from Cambridge University in 1989 and, after a year of travelling, joined the financial services firm Ernst and Young in 1990, qualifying as a chartered accountant in 1994.

He then moved into financial markets training, designing and running a variety of courses at graduate level and beyond for a range of organisations including the Securities and Investment Institute and UBS. He joined MoneyWeek in 2007.