Two safety nets for spread betters

If your broker should either go bust or fail to look after your capital, there 's no need to panic, says Tim Bennett. There are systems to protect you.

Help is at hand should a broker either go bust or fail to look after your capital.

Remember that in order to startspread betting you will need to open an account with your broker and deposit 'margin' into it. Further margin calls may then be made depending on how your trades pan out.

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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.