FXCM Introduce Spread Betting on Indices, Metals and Oil

Recently FXCM UK started allowing users of their proprietary Trading Station II platform to trade contracts for difference (CFDs) in a range of non forex instruments. Maybe they should change their name to CFDFXCM?  The now misleading name aside, this allowed UK customers of FXCM to start trading gold, silver, oil and a range of stock indices from around the world.

Their website doesn't seem to be up to speed on this yet, but in my inbox this morning was an email from FXCM informing me that:

FXCM is launching new trading instruments on your FXCM Trading Station on February 21, 2010. Now you can Spread Bet Oil, Gold and Global Stock Indices in addition to Forex—all on one platform!

This is very welcome news for FXCM customers who also happen to be UK residents. It means that if we manage to make a profit trading (sorry, I should have said gambling) any of these exotic new instruments the extremely generous UK Government won't charge us any tax on our "winnings".

FXCM have updated their video introduction to their spreadbetting platform to include the new instruments. If you want to take a close look at the small print about all this you can download it from the FXCM website here.