Capital Spreads is an exciting contender in the spread betting market-place and we hope it will be embraced by both experienced customers and newcomers to the spread betting world.

We have built our business with the sole purpose of introducing competitive pricing and a customer friendly trading environment.

Our unique account management system ensures that you can trade with confidence and the knowledge that all your positions are protected by our automated stop loss facility which can help to limit the risk on your spread betting account (stop-losses are not guaranteed). This client protection policy underlines everything that makes us the obvious choice for beginners and professionals alike. We are truly concerned that every trade that you enter into with Capital Spreads is as stress and error free as is possible.

We are committed to quoting amongst the best prices in the industry and feel certain that this coupled with our customer service policy will keep you coming back for more.

Our customers are our most valuable asset and consequently we want your experience with us to be as harmonious as possible.

We pride ourselves on our approachability – if you have any problem or query please call or email us. We are at your service.

I hope that you will have a profitable and enjoyable time with Capital Spreads and I look forward to meeting you in the future.

1. All details are correct at time of going to press. London Capital Group Ltd reserves the right to alter the contract specifications at anytime and to widen spreads in times of excessive market volatility.
2. All times stated are UK times.
3. All bets are closed on a "First in First Out" basis.
4. The minimum bet size on all products is £1, $1, 1€ or 1 SEK.

The Max CGSL is the Maximum Computer Generated Stop Level. This is the maximum figure used to automatically allocate a stop loss on newly opened positions. The trading system will assign a stop level based on 80% of the CGSL if there are sufficient funds on the account. For instance, if you have £2000 in your account and you trade the Daily FTSE at £10 per point, the system will automatically allocate a stop-loss of 100 points (because the Max CGSL for the Daily FTSE is 125 and 80% of 125 is 100) and you would also have £750 remaining as available funds on your account. Alternatively, if there are insufficient funds to cover the Max CGSL, the system will allocate the stop level based upon 80% of the available funds (see following details). The Max CGSL varies depending on the product.

The Min IMR is the Minimum Initial Margin Requirement. You can calculate the minimum level of funds required to open a new position by multiplying the Min IMR by your stake. For example, the current Min IMR for the FTSE 100 Index Future is 30. Therefore, if you wished to bet £5/point, you would need a minimum of £150 available funds on your account (30 x 5 = 150). The Min IMR varies depending on the product.

Capital Spreads automatically creates a stop-loss for every bet opened. This stop-loss is based EITHER on 80% of the CGSL OR on 80% of the available funds on you account. You may amend your stop-loss to whatever level you desire, assuming you have the funds available and that your required stop is outside the minimum stop distance allowable for that market. Although this stop-loss does go some way towards limiting your risk on your open bets you must be aware that your stop-loss is not guaranteed. This means that should a market gap, you may lose more money than your initial deposit (see clause 10 in the terms and conditions).

FUTURES INDICES
Market	Exchange Hours	Capital Spreads Quoting Hours	Underlying stake / unit risk	Min IMR	Max CGSL	Spread per contract	Contract Months Quoted	Last Dealing Day	Settlement Details
FTSE 100 Future	08:00-17:30	07:00-21:00	1 index point	30	300	Current Mth 4 First Qtr 4 2nd Qtr 4 4 pts out of exchange hours	Next 2 Quarters Next Serial	3rd Friday (or previous business day) of contract month until 10:00	Official LIFFE settlement for FTSE index contract.
Wall Street Future	01:30-22:00	07:01-21:15	1 index point	70	400	Current Mth 6 First Qtr 8 2nd Qtr 8	Next 2 Quarters Next Serial	End of business day preceding 3rd Friday (or previous business day) of contract month until 21:00	Expires on the Special Opening Quotation on the 3rd Friday of the month.
DAX 30 Future	07:00-21:00	07:01-21:00	1 index point	50	300	3	Next 2 Quarters	3rd Friday (or previous business day) of contract month until 11:30	Official settlement for DAX contract
CAC 40 Future	07:00-19:00	07:01-19:00	1 index point	30	100	4	Next Month	3rd Friday of contract month until 14.30	Official MATIF settlement for the CAC contact.
Nikkei 225	21:30-21:15	09.00-21:00	1 index point	300	500	20	Next Quarter	End of business day preceding 2nd Friday (or previous business day) of contract month until 21:00	Expires on the Special Opening Quotation on the 2nd Friday of the month.
S&P 500 Future	21:30-21:15	07:01-21:15	0.1 index point	100	400	8	Next 2 Quarters	End of business day preceding 3rd Friday (or previous business day) of contract month until 21:00	Expires on the Special Opening Quotation on the 2nd Friday of the month.
Euro Stoxx 50	08:00-21:00	07:01-21:00	1 index point	40	200	3	Next 2 Quarters	3rd Friday (or previous business day) of contract month until 10:00	Official settlement for Euro Stoxx 50 contract.
Nasdaq 100 Future	21:30-21:15	07:01-21:15	1 index point	30	150	3	Next 2 Quarters	End of business day preceding 3rd Friday (or previous business day) of contract month until 21:00	Expires on the Special Opening Quotation on the 3rd Friday of the month.
AEX Index	08:00-16:30	08:01-16:30	0.1 index point	30	100	10	Next Month	3rd Friday of contract month until 14:30	Official Euronext settlement
Swiss SMI	08:00-16:20	08:01-16:20	1 index point	50	200	4	Next 2 Quarters	Thursday or previous business day before 3rd Friday of contract month until 17:00	Official Eurex settlement
Russ 2K Future	21:30-21:15	07:01-21:15	0.1 index point	80	240	5	Next 2 Quarters	End of business day preceding 3rd Friday (or previous business day) of contract month until 21:00)	Expires on the Special Opening Quotation on the 3rd Friday of the month
Jo'Burg Index	07:30-16:30	07:35-16:25	1 index point	300	600	20	Current Quarter	3rd Thursday (or previous business day if public holiday) of contract month until 12:40	Official SAFEX settlement