ODL Markets has become the first spread betting operation to offer zero spreads on trades on the FTSE 100 Rolling Index for all new and existing holders of its Discover account.

This move means that ODL Markets will now only quote a single price, irrelevant of whether traders are buying or selling – a change from the traditional approach where a buying price and selling price is quoted.

During trading hours (08.00 – 17.30) investors can place orders from as little as 50 pence per point and benefit from free guaranteed stop losses.

Spread-free trading is only open to Discover account holders, an account which is specifically geared towards new spread betters with a more cautious and risk-averse trading approach.

James Parker, head of spread betting at ODL Markets, says, ‘The current volatility in the market offers opportunities for smart investors but some are also a bit unsure about entering the spread betting arena.

‘Zero spreads coupled with free guaranteed stop losses provides that extra bit of protection and support to new and existing traders.’