One of the veteran brokers in the industry, FxPro is updating its offering with a new spread betting platform. The product will be available only to clients of the FCA-regulated branch of FxPro which reside in the UK.

Commenting on the launch, the CEO of FxPro Charalambos Psimolophitis, commented: “We are committed to consistently providing our clients with new ways to invest in the financial markets. Spread Betting has risen in popularity in recent years, and with FxPro Edge, our clients can now experience the benefits of this new investment method.”

“Our spread betting product is reinforced by our professional trading conditions and industry-leading No Dealing Desk Execution,” the CEO of FxPro elaborates.

Spread betting is a product that is specifically geared towards residents of the UK. It has been widely popular in the country as it allows clients to qualify for a tax exemption from capital gains and stamp duties.

FxPro Edge enables traders to bet on price moves in forex, indices, shares, metals and energy. The product is free of commission charges.

The company officially unveils FxPro Edge, coinciding with the start of the new Premier League season. Earlier this year the company unveiled a three year sponsorship deal with Watford FC. The team will play its first game of the season on Saturday.

The broker is returning to sports sponsorships after previously supporting Formula 1 teams BMW Sauber and Virgin Racing. Back in 2010 the company was also supporting Aston Villa and Fulham.