Covered Warrants

What are Covered Warrants?

How risky are Covered Warrants?

Before trading you should fully understand the nature of covered warrants and your exposure to the risk involved.

The geared nature of covered warrants means that a relatively small movement in the share price of the underlying asset will result in larger movements in the value of the warrant. Therefore, covered warrants provide the opportunity for greater returns than ordinary share dealing but also greater risks and potential losses. If you are in any doubt you should consult an Independent Financial Advisor.

What do Covered Warrants Cost?

Covered warrants are traded like shares and are charged at normal commission rates from just €15.00 online. See full rates and charges.

As you don't own the underlying asset and only cash is exchanged rather than shares, you would not be subject to the stamp duty that is usually charged on UK share purchases.

Which Account do I need to trade Covered Warrants?

Covered warrants can be traded on our Trading Account.

Please note that in order to trade in Covered Warrants you will be required to complete an Appropriateness Assessment. This will help us to assess whether you have the necessary knowledge and experience in order to understand the risks involved in dealing in Securitised Derivatives such as Covered Warrants.