Online trading platform deal4free.com has recorded its highest ever number of trades in a single month with 90,000 being transacted in the last four weeks.
Peter Cruddas, managing director of deal4free.com, comments: "With the ability to 'go short', CFDs have given the private investor added flexibility, enabling them to profit from bear markets. As a result we have seen our volumes soar with over US$8.5 billion being traded in the last month. This is in stark contrast to the battering traditional share dealers have taken from the fall in trading volumes."
Launched in January 2000, deal4free.com allows CFD shares and indices to be traded without incurring commission charges or stamp duty and allows the customer to deal in global markets from a single trading account. Clients can currently trade CFD's in seven European markets as well as in U.S. markets through the service.