Paddy Power Trader
www.paddypowertrader.com

       
Date reviewed: Friday 7th of December 2012

Paddy Power Financial Trader has closed down as of 2012 and is unlikely to be re-opened anytime soon.

Paddy Power Trader Review

Paddy Power Trader is a financial betting site allowing users to bet on the rise and fall of the financial markets completely tax free. It is the latest betting channel to come from Paddy Power, which now boasts a broad gaming portfolio. The focus at this site is on financial spread betting on various markets, commodities, indices and shares. 

The technology behind the Paddy Power Trader site is provided by London Capital Group, who have been involved in financial betting since it first arrived on the internet. They are regulated by the FSA to ensure that they are providing customers with a fair and secure service. 

Paddy Power Trader homepage    Paddy Power Trader markets
Paddy Power Trader homepage and trading window


Features - 6.5/10

Paddy Power Trader is very much targeted at brand new or novice financial bettors. There is a wealth of knowledge that can be accessed even before you start betting, including guides, jargon busters and even a trader academy. There is also trading blogs you can access with diaries of other traders and a community to post questions to.

To bet at Paddy Power Trader you will need to register an account (this will be separate to an existing Paddy Power account). Once registered you can access a trading window, where you can place bets, view graphical stats and trend graphs and monitor your trading positions. Paddy Power Trader will automatically set stop loss orders to restrict losses, these can be adjusted by the user.


Promos/Spreads - 7/10

Paddy Power Trader run promotions from time to time on the website. These are normally in the way of free bets for newly signing accounts. There doesn't appear to be much more rewards on offer.

The spreads at Paddy Power Trader appear to be the same as other London Capital Group betting sites. Their margins on the spreads are quite competitive, some of the best we have found.


Transactions - 7.5/10

All major credit/debit cards are accepted to make a deposit including Visa, MasterCard, Switch, Solo and Delta. Be aware there may be a charge for using certain credit cards. Alternative deposit methods include bank transfer and personal cheque.

Withdrawals can be requested via email or telephone and usually 2/4 days to clear in your bank account. There are currently no withdrawal limits set at Paddy Power Trader, so if you whatever you win you can get back straight away.


Customer Service - 7/10

If you require support whilst using Paddy Power Trader there are a few options available to you. It is recommended that you start with email, which never took longer than 2 hours to get a response whilst we reviewed the site. Alternatively there is a free UK and Ireland phone support line, but this can take a time to get through. You can refer to the F.A.Q, but this is mainly related to specific account problems.

Tel Support UK: 0800 0213 555 (8am – 9pm, Mon-Fri)
Tel Support IRE: 1800 556 686 (8am – 9pm, Mon-Fri)
Email support: support@paddypowertrader.com 
 


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