In the second of a two-part interview, Nicky Maan (pictured), chief executive at Spectrum platform, talks about the difference between turbos and other non-regulated instruments such as CfDs and binary options, and why the firm is focused on developing a full range of single stock equity turbos.
Maan believes it is important to note that the turbo 24 is a structured product that in some jurisdictions is not categorised as leverage because of the nature of the product. “The nature of the products is that you are buying that product for that price,” he says. “There is no financing element for the price you pay for that product. There is a reference price in terms of the underlying asset but you cannot lose more than there has been invested into a turbo24 product.”
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