SpreadShare is the name of a new website that specialises in returning to traders a percentage of the costs they incur from the provider.  Each and every time a spread bet or Contract For Difference (CFD) is opened or closed, a company charges the trader a spread.  By returning a percentage of this spread, registered users are able to save considerable sums of money.  Spread betting cashback is a concept that is new to the world of finance with the concept originating from online poker where players can earn ‘rake-back’.

To put this into context, let’s use the following example.  If a user were to trade Wall Street with IG Index at £20 per point with a 2 point spread, this trade is essentially costing them £40 to open and £40 to close (£80 in total).  If they were to place 100 of these trades in a month, this would total £8000.  In this instance, by registering through SpreadShare, this individual would receive a monthly rebate of £800.