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Compare Financial Spread Betting Platforms Brokers
Compare spread betting platforms and the brokers who offer them. Compare the costs, spreads, offers and features that each of these companies offer. Our broker reviews could help you decide which broker is best for you. We only feature Spread Betting Brokers authorised and regulated by the FCA where client funds are protected under the FSCS.
CFDs and spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Featured brokers appear first.
Spread betting is a way to bet on the rise and fall of the prices of an asset, like a stock, commodity or financial instrument. You do not own the underlying asset but make money by predicting correctly if the value of your chosen asset will rise or fall in a given timescale. You can spread bet on anything from shares to gold and crude, FX or house prices. There are a few key differences between traditional investing. Firstly, its a bet so there is no tax on profits (at the moment). Secondly, you trade on margin as you bet on a per point basis so you can make or lose much more than your stake which makes spread betting a high risk/high reward product. Many of the spread betting brokers listed in our comparison tables have very good education articles, videos and demo account for potential clients to practice on. You can read our guidewhat is spread bettingto get more detail and learn our top tips.
The Best Financial Spread Betting Mobile Apps Compared
If you really must trade bitcoin this is how.
Spread betting on market volatility using the VIX
Spread betting on the UK housing market going up or down
Technical analysis versus fundamental analysis in spread betting
Using spread betting to bet on a downward market
Spread Betting Versus CFDs What is the difference?
Should you enrol on a trading course to learn spread betting?
The main reason most spread betting clients lose money
Does the B Book Model in spread betting really still exist in the current financial climate?
Why spread betting brokers love it when you make money!
Watch our what is spread betting video interview with CMC Markets
We talk to Ryan ODougherty fromCMC Marketsabout spread betting, what is spread betting, who its for, what are the main benefits, the main risks, the best time to trade, and also, the most common mistakes traders make and how to avoid them.
There are quite a few spread betting brokers in the UK and there are actually very few fundamental differences between them.
They all offer access to the same markets, with the same spreads and generally all offer the same trading tools. We covered in some depth how you should actuallychoose a spread betting broker before. Below is a summary of some of the top brokers:
ETX Capitalstarted life as an institutional FX broker but has focussed on the private client market over the past few years. They offer access to a good range of AIM shares and have a good European reach also.
IGare one of the oldest and biggest of the spread betting world. Listed on the LSE with a current market cap over 1bn. They provide the widest variety of products as well as a useful insight platform giving customers access to market sentiment data.
Spreadexis one of the oldest spread betting companies in the UK. Founded in 1999 they provide a customer service focussed offering on financial instruments and sports spread betting. If the mood takes you they also launched leveraged trading on bitcoin.
City Indexwas one of the pioneers of spread betting in the UK. They have around 400 employees worldwide since starting the business in 1983. Their platform is constantly evolving and they are a very side and flexible product instrument range.
Finspreadsis forever known as the beginners spread betting company as they allow clients to trade with as little stake as 10p per point. They are now owned by City Index and as such a fair place to get started if you dont want to do too much damage.
Core Spreadsoffering is pretty simple, no fuss, no bells and whistles, just super tight spreads on the major instruments. Cutting costs has enabled them to offer 0.8 points on the FTSE and from 0.7 points on FX pairs.
FXCMis listed on the NYSE and provide spread betting through the ever popular and adaptable MT4 platform. Although you are limited to trading FX, commodities and indices with some added value tools and research.
Spread Cooffer a personal approach to spread betting with their own platform and dedicated account manager. Their product offering is varied and includes the ability to spread bet on equities.
InterTraderis a relatively new player in the spreadbetting world, but do provide a learn to spreadbet academy as well as a host of other research and trading tools.
Our spread betting awards include all the major spread betting brokers in the UK. Our judges are a combination of market professionals, clients, traders, managers and investment personalities. On everyspread betting broker review, there is a section to write a review and rate a broker based on set criteria. It only takes a few moments to cast your vote and will help highlight the best spread betting accounts, providers and offers in the UK.
Find out more about award winning brokers from the Good Money Guide awards here.
If you are looking for a review on the top spread betting firms in the UK you have come to the right place. We only list regulated brokers that offer secure, platforms, tight spreads and quick execution on FX, Equities, Commodities, Indices and Fixed Income:
You can also post your own rating and account review to let other traders know what you think.
We review the best spread betting brokers and look at the top accounts. Read ourreview of Core Spreads, or see what users think when theyreviewed ETX capital,we also look at all the major spread betting companies. You can share your opinion on the best brokers by voting in ourbroker awards.
Tight spread betting spreads are indeed an important part of trading through a spread betting broker. But it is important to take other considerations into account as well. A broker may try to win your business by marketing ultra-tight spreads on a couple of the main products, but then increase spreads on the more exotic asset classes. You also need to make sure that when you pick a broker the spreads are always tight, not just during normal trading hours or excluding periods over economic figure releases. In some circumstances, it may be best to go with a broker that has consistently tight spreads throughout its entire asset class range rather than just on a few key products. That being said, if you only trade two or three indices and FX pairs, they go with what broker will give you the lowest trading costs and have back up accounts for other instruments.
Tight spreads are no the be all and end all of spread betting, but they are certainly an important aspect. When comparing how tight spreads are among spread betting companies you must also look at the overall offering as being taken in by the initial spread may have a detrimental effect on your trading if you are trading exotic products.
The spread betting brokers offer consistently tight spreads:
All brokers are not equal. Some are just better at some things than others.
Heres a quick rundown of the key strengths of the top five established spread betting brokers and what makes them stand out.
:IGis the largest and oldest spread betting company in the world. Founded in 1974, they are the default spread betting broker for new and experienced traders.
City Indexis one of the most established spread betting brokers and offers a wide variety of webinars, trading tools and indicators on their online platform.
ETX Capitalare getting better and bigger everyday. They offer some really tight spreads on FX, Index and Equities, even all the way down to AIM stocks.
Spreadexis one of those brokers that people like doing business with. They dont offer the tightest spreads or even the widest range of markets. But, they do offer a slightly more personal service. Its their small brokerage attitude that makes them worth trading through.
Core Spreadsare a new broker that focus on a simple trading platform with tight pricing. If you are new to spread betting always make sure you get lots of information from third parties before trading and keep it as simple as possible.
This is one of the most often asked questions for new traders and the simple answer is yes, of course, you can. Spread betting provides access to an unprecedented range of markets. The simple fact of the matter is that markets do one of two things. They either go up, or they go down. It is the rate at which they do so and whether you pick the right direction that determines if you make money.
Weve put together a handy series of guides that should help new and experienced traders navigate the markets through spread betting.
Before you start reading the guides you should be aware that spread betting is not like placing a normal bet where you losses are capped at the initial stake. You are betting a certain amount per point move of an asset. If the asset is priced at 100 it means that if it goes to 0 and you have bet 1 per point you can lose 100. So for a 1 bet your potential downside is 100x your stake. On the plus side, if the price goes to 500 you make 400 which is a monster return for a 1 bet. If you dont know how spread betting works you can read our article on the basics ofhow spread betting works here.
One of the most important factors in spread betting is choosing a broker you are comfortable with. There are many factors involved in choosing the right broker, including; liquidity, financial stability, range of markets, spread width and educational and research tools. Read our guide onhow to choose the right spread betting brokerbefore you open an account.
It goes without saying that you need your spread betting broker you use to be financially secure and established. Before opening an account, always do some background digging into the company as there have been a few examples of spread betting companies going bankrupt and traders having problems getting their funds back. An easy way to keep an eye on a companies financials is to go with brokers that are traded themselves on the London Stock Exchange. Being a public company means that you have to submit financial reports on a regular basis. The share price and market cap are also good indicators of whether or not a company is heading for trouble. If a broker is not listed on the stock exchange you can have a look at their accounts on companies house or on websites like . If you are trading through a spread betting white label its important to check just what balance sheet you are using, the brand or the underlying provider.
MT4is on the of the best ways to trade FX online, and now many spread betting brokers now offer MT4 as a platform. If you are interested in spread betting on MT4 you can review thebest MT4 spread betting accounts here.
Spread betting on Forex is all about tight prices, speed and market timing. It is one of the most actively traded markets in the world. Positions are generally turned over much faster than any other asset class and traders aim to take quick profits. Finding a spread betting broker with really tight FX spreads can make a big difference to your profit and loss at the end of the trading day.
Here is where you cancompare trading accounts for spread betting on EURGBPand accounts forspread betting on USDGBP currency pairs.
Three brokers where you can spread bet on foreign exchange with rates under 1 pip.
: Despite being the largest and oldest spread betting firm (read IG review),
can still compete with the nimble upstarts that are trying to win market share on pricing. They offer by far the widest range of markets, but because of their size do widen the spreads on peripheral instruments a little more. As their spreads are variable it also means that when the markets are volatile they could be wider. This is generally just a reflection of the underlying market. Whilst it could be bad for traders in the short term it is an indication that the firm is hedging correctly, which will benefit everyone in the long run.
(read ETX Capital review) as well as being one of the biggest brokers out there you can also trade a wide range of commodities onMT4and equities through ETX Trader Pro (the better platform).
(read Core Spreads review) are all about tight spreads on all markets, not just the major pairs.
None of the above float your boat?Compare all spreadbetting FX accounts here.
Punters have been trying to beat the man for centuries and spread betting is no different. In the case of spread betting brokerage arbitrage appears that the scales are against the customer.
There are countless cases of punters finding loopholes in the dealing systems of various stock and spread betting brokers and (quite innocently) trading to take advantage of them. After all arbitrage between markets is a legitimate trading strategy. However, as with casinos, the house will win when it comes down to it. Dont bother as this sort of behaviour can be seen as market manipulation and may result in fines from the FCA
Stick to the basic principles of buying low and selling high. Its not fair but its the facts.
The FX market is the most traded asset class in the world and one of the most popular asset classes with spread betting brokers. The major pairs offer great liquidity, tight pricing and good intra-day trading ranges. Because of this brokers are able to offer low margin rates, meaning high leverage. So Spread betting on FX is one of the best ways to trade foreign exchange. You cancompare the best Forex brokers here.
Spread betting brokers in the UK is regulated by the FCA and the FSA register provides a database of the company status, the management and also their regulated employment history. By doing a search on the register you can quite easily find out what experience and pedigree the management have. Never, trade with a company that is not regulated by the FCA. Most brokers display their regulatory status in the footer of the website at the bottom. Our spread betting company comparison tables only include spread betting brokers that are regulated.
Spread betting brokers are regulated by the FCA and are not allowed to offer welcome bonuses anymore. If a broker does offer you a cash bonus for signing up it may be a scam. You can check that a broker is regulated by the FCA on theFCA register. If you think that an unauthorised broker is trying to scam you, you canreport them to the FCA.
Some spread betting companies focus on tight spreads on a few key markets. Others focus on providing a good value overall service. When opening a new account, have in mind what asset classes and individual instruments you want to trade. If you are more interested in AIM and small-cap shares you will need a spread betting broker that specialises in them. If that is the case it may well prove beneficial to open a second account with one of the major providers where you can trade pretty much what you want when you want. All brokers will offer the major index, commodities and FX pairs though.
Inherently, most spread betting brokers are the same. There is not much difference in spreads, funding charges, range of markets and platforms these days. So one thing to look out for if you are after value (other than tight spreads) is what else you get as part of the account package. Some spread betting accounts provide access to third-partyresearch and analysisservices. Some providedirect market accessand others are stripped to the bone and offer nothing other than access to the platform. If you are happy to have various screens open then this may appeal, but a quick look at the spread betting account features comparison table should give you a good indication of what additional services spread betting accounts will give you.
If you are looking for a new broker make sure that you choose one that gives you a little more than just tight spreads. Most spread betting brokers are the same underneath the hood so look for one that gives you a trading edge. Undoubtedly an edge can come in the form of sentiment, data, news or analysis. Its up to you as a trader to find the best edge for your trading.
Here are some spread betting brokers that offer good added value:
IG- loads of sentiment, data and analysis tools
ETX Capital- offer regular educational webinars, seminars and tutorials
Spreadex- have a great reputation for customer service
Use our reviews to find out more about brokers you are considering. We combine expert opinion with user reviews to help you find the right broker for you. Remember the spread betting company that is best for you may not be the same as someone elses so take that in to consideration and make your own decision based on what you need most and as always do your own research before committing. If you are new then start small, you can lose more than your initial deposit so get lots of experience before trading up.
Weve put together a fewspread betting guidesthat can help you navigate the world of spread betting. The financial markets are difficult to profit from and spread betting is a high-risk leveraged way of speculating that can result in significant wins and losses. Make sure you fully understand the risks involved by familiarising yourself with how it works.
Every trader is different and every spread betting broker is different in small ways. True, most offer the same thing for the same price, but personal preference can make a big difference in how you interact with the trading platform, the brokers and ultimately how youpicking the right spread betting brokercan affect you win/loss ration of trades.
There are some key principles that all spread betting traders should adhere to if they want to make money. Check out ourthree golden rules to profitable day tradingto see if you use these strategies every time you make a trading decision. If not you may find that paying a bit more attention to your strategy, discipline and objectives will make a big difference.
It is essential that any broker you use has the ability for you to check and close your positions on the move. You cancompare the best Financial Spread Betting Mobile Appsto make sure that you dont lose touch with the market for the moment. Most brokers still offer dealing support by phone, but with high-risk bets on you need to be connected all the time.
Spread betting is dominated by several firms, but as there are relatively little barriers to entering the market. new firms are cropping up all the time. Weve put together a quick summary of all the major spread betting brokers in the UK. Good brokers last because they provide good customer service and fair pricing. Being the cheapest is not necessarily the best when it comes to trading.
Here is a quick rundown of the biggest spread betting brokers
Im sure your eyes have already rolled over and a nerve is popping in the back of your head at the concept of trading such an unknown instrument. however,if you really mustspread bet on bitcoin here is how.
You can also compare cryptocurrency brokers here
There are various indicators that will show you how volatile the market is. In most cases, a moving market is easier to trade than a stagnant one. You canspread bet on market volatility using the VIX, a futures contract based in Chicago. Its not the easiest indicator to follow or understand but once mastered can be an invaluable tool.
Today, most brokers spreads and prices will be fairly similar, but on occasion, there may be an opportunity to arbitrage between brokers. But to be honest the way information is distributed and based on how competitive the industry legitimate arbitrage opportunities will be rare.
There are pros and cons to spread betting on the smaller stocks. Obviously, a pro is that if they sky rocket you dont have to pay tax (at the moment) on your winnings. The cons are that they are illiquid and as such can be very volatile. Thebest way to spread bet on the AIM marketis through a spread betting broker you have a good relationship with and talks to the market directly. Even if you are a big client you may find the dealers get annoying with you. But if you hold the positions long enough youll also end up paying a lot in interest overnight funding.
It is possible tospread bet on the UK housing market going up or downbut only through a small number of brokers. Spreads will be wide and the market does not move much. If you manage to track down a price double check how long it will be honored for and what size you can bet. It may be a good hedge against a property portfolio, but check the funding rates for short positions if that is your intention.
Most spread traders use technical analysis as is provides a good visual representation of the market and is generally more relevant to short term moves. However, it is based on historic events where as fundamental analysis looks at what a company should be worth in the future.Technical analysis vs fundamental analysis in spread bettingis a debate that will probably go on for either, but at the end of the day it is down to personal preference.
Read more Good Money Guide technical analysis.
Its sad but true, there is easy money to be made in the market by betting on a company under performing. They say profit warnings come in threes so there are many bear traders out there stalking the market for potential victims. Shorting stocks is how youuse spread betting to bet on a downward marketand can be profitable, but beware losses are unlimited. You can only make as much as your stake goes to zero, but in theory a stock price can go on up forever.
It is easy tosee the difference between spread betting and CFDs.CFDs in the UK are for professionals as they provide direct market access and anonymity (to an extent). Outside the UK CFDs are used by private clients as there are no tax benefits.
No this is actually a valuable application of spread ing spread betting as a hedging toolcan be both an efficient way to manage a profitable position for tax purposes.
Do you really want toknow how financial spread betting the markets works? If you do great, but in reality, you make money if you call the market right, you lose if you dont. Understanding the mechanics of the product isnt going to help you be a better stock picker.
If youve just asked yourself Should I enrol on a trading course to learn spread betting? The answer is no you shouldnt. You should avoid spread betting all together. Its a high risk product for high risk experienced investors. Most trading courses are run by people with little or no knowledge of the actual market and lets be honest, if they were good traders you they certainly wouldnt be teaching.
Im sure that youve read somewhere that most traders who spread bet lose money? But, what is themain reason most spread betting clients lose money?The answer is pretty simple, it involved around getting involved in something with out enough experience. Spread betting is not an easy way to make money, and should not be marketed or promoted as such. It is a facility to bet on the financial markets to be used appropriately. Most brokers do a good job of ensuring that clients have some investment experience before allowing them an account.
The B book has a pretty bad reputation, rather unjustly. Its a little unfair as the industry wouldnt exist without it. Some ask how canthe B Book Model in spread betting really still exist in the current financial climate?The answer is simple, without it all the brokers would go out of business.
Some do anyway. Somespread betting brokers actually love it when you make money!Spread betting is not an evil industry and in fact offers some of the best customer service and retention rates around. Clients can stay loyal to the same broker for decades.
If youve just Googlecan you make money spread betting? The answer is similar to whether or not you should go on a training course. The answer is no you cant. Some people can, but only experienced investors and speculators, will find their way into the 20% of clients that across in the spread betting client universe of around 100,000 clients actually make money.
Some yes, some are just pointless. A white label gives established financial companies the opportunity to give their client base an additional service or another way of doing business with them. Many customers in the financial industry are loyal to brands that help them make and save money or provide good advice. However, going with a white label brokers that doesnt already exist providing their customers with financial services has no value. Better off to go with one of the major providers like:
Here are 5 of the best spread betting platforms for beginners and why…
If youre looking for the best spread betting platform for beginners weve put together a list of the top 5 brokers and more importantly reasons why they are good.
Spread betting is a highly regulated financial product and profits are free of capital gains tax. However, if youre new to spread betting heres what you need to look out for.
Strategy is key to spread betting. Having a clear idea of how you want to trade will give you the best chance of maximizing profits and reducing losses. If you are just getting started in spread betting and looking for basic strategy that promotes good trading weve put together a quick summary of three simple spreads betting trading strategies that should help you find your feet.Here are three strategies to get started on the right track:
Its temping to smash straight into the market and trade as large as possible. But this is the quickest way to lose your money. When you get started bet small relative to your account size. This means if you have 1,000 on your account allocate no more than 10% of that to the margin of each trade and keep at least 50% free for variation margin (covering your profit and loss). The principle is the same if you are trading with 100k. You shouldnt use more than 50% or 50k as initial margin, or have a single position that accounts for more than 10% of your account.Spread betting brokersprovide access to well over 3,000 instruments to trade and having a diverse range of positions will spread your risk. If you have too fee large positions and one moves against you it can quickly wipe out your account. Having lots of small positions will help you manage your profit and loss more effectively.
The last point in never over trading bring us on nicely to themost important part of spread betting strategy. Always cut a losing trade and run profitable ones for longer. The best traders in the world only get it right about half the time, but what makes them good traders is that they are not in a rush to take profits and realise when they have called the market right to let a position run and bank big wins. If you call a trend or reversal well, there is more to be gained from adding a trailing stop and profit limit tan taking a quick turn and looking for another opportunity. Equally important is cutting losses. As with profitable trades where letting it run make big profits. With losing trades, letting them run will run up big losses. If a position or trade is not doing what you hoped, cut it out and keep your power dry and move on to the next trade.
As spread betting is commission free (the charges are built into the spread and overnight fee) its easy to become complacent about which broker you use. Tight spreads and low financing charges are the key to efficient trading. If you are jobbing in and out of positions everyday trading with a broker that offers even slightly tighter spreads can increase your profits by up to 20%.
Heres a reason why each of these spread betting brokers are good for beginners:
a good all round broker for online execution. ETX is all about quality and robust technology. ETXs TraderPro offers a simple interface with access to over 5,000 markets. ETX offer a range of education including webinars, seminars and an advanced education course which are all FREE to ETX Capital account holders. To top it off, ETX won the Best Education award at the 2018 Online Personal Wealth Awards. Founded in th