I received emails from the various London Capital Group spread betting brands (including Capital Spreads) to say that they will no longer be offering UK ex-350 shares except on a subscription basis. I like these spread betting brands, I really do, but it presents me with a bit of a problem in my preferred position trading strategy. So thank goodness that IG (and possibly SpreadEx) will continue to offer some of the more obscure low-cap equities.
In the wider sense, there’s a subtle message here. Spread betting companies would rather we “day trade” stock indices, commodities and forex instead of position trading smaller individual equities. And in my book, if someone is discouraging you from doing something then you should probably be doing it!