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Spread trades carry a high level of risk so you should only speculate with money you can afford to lose. Stop-losses are automatically allocated with each trade you make. *All stops are not guaranteed. You can lose more than your initial deposit and stake. Before you open an account, please ensure that spread trading matches your investment objectives, familiarise yourself with the risks involved and if necessary seek independent advice. Saxo Bank Financial Spreads is a trading name of London Capital Group Ltd (LCG). LCG is a company registered in England and Wales under registered number: 3218125. London Capital Group Ltd, a wholly owned trading subsidiary of LCGH plc, is regulated and authorised by the Financial Services Authority. It has a European passport and is a member of the London Stock Exchange. London Capital Group Ltd also has access to international markets through its global clearing relationships. Registered address: 12 Appold Street, London EC2A 2AW.