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Compare Top Financial Spread Betting Brokers

Use our comparison reviews to compare spread betting broker costs, spreads, offers and features. Only Spread Betting Brokers authorized and regulated by the FCA where client funds are protected under the FSCS are featured.

Spread betting carries a high level or risk and losses can exceed your deposits. Featured brokers appear first. Learn about how brokers are ranked...

Broker FX Spreads (pips from) Index Spreads Features Markets Offered Active Clients More Info


IG

EURGBP:0.9
USDJPY:0.7
GBPUSD:0.9
EURUSD:0.6
FTSE: 1pt
DOW: 1.6pt
DAX: 1pt
(Variable)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
15,000+ 195,000 Visit IG

IG Reviews


ETX Capital

EURGBP:0.9
USDJPY:0.9
GBPUSD:0.9
EURUSD:0.6
FTSE: 1pt
DOW: 1pt
DAX: 1pt
(Variable)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
5,000 10,000 Visit ETX

ETX Reviews

CEO Interview

CMC Markets

EURGBP:1.1
USDJPY:1
GBPUSD:0.9
EURUSD:0.7
FTSE: 1pt
DOW: 1.4pt
DAX: 1pt
(Variable)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
9,500 59,000 Visit CMC Markets

CMC Reviews

CEO Interview


Core Spreads

EURGBP:0.6
USDJPY:0.9
GBPUSD:0.9
EURUSD:0.7
FTSE: 0.8pt
DOW: 1pt
DAX: 1pt
(Variable)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
3,000 7,400 Core Spreads Reviews

Spreadex
EURGBP:0.6
USDJPY:0.9
GBPUSD:0.9
EURUSD:0.6
FTSE: 1pt
DOW: 1.7pt
DAX: 1pt
(Variable)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
15,000 n/a Spreadex Reviews

CEO Interview

City Index

EURGBP:0.8
USDJPY:0.5
GBPUSD:0.8
EURUSD:0.5
FTSE: 1pt
DOW: 1.6pt
DAX: 1pt
(Fixed)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
12,000+ 20,000 City Index Reviews

What is financial spread betting?

Very simply it is a way to bet on the price moves of a financial instrument.  This could be anything from shares to gold and crude, FX or house prices.  There are a few key differences between traditional investing.  Firstly, it’s 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 up on how to get started in spread betting with our guides.

A quick summary of all the major spread betting brokers in the UK

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 actually choose a spread betting broker before, but for your interest here is a rough guide the spread betting companies in the UK.


  • ETX Capital started 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.
  • IG are 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.
  • Spreadex is 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 Index was 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.
  • Finspreads is 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 don’t want to do too much damage.
  • Core Spreads offering 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.
  • FXCM is 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 Co offer 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. Read more…
  • InterTrader is 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.

Spread Betting Broker Guides & Tips

Vote in the “Spread Betting Broker Awards”

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 every spread 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 the spread betting broker awards here.

Spread betting company reviews

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 our review of Core Spreads, or see what users think when they reviewed ETX capital, we also look at all the major spread betting companies. Users can give their opinion on brokers by voting in our spread betting awards.

How important are tight spreads when spread betting?

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.

Comparing tight spreads from spread betting companies

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:

The top five spread betting firms (and what they are good at).

All brokers are not equal.  Some are just better at some things than others.

Here's a quick rundown of the key strengths of the top five established spread betting brokers and what makes them stand out.

For more information and a list of all the spread betting companies in the UK please view our spread betting company comparison table.

  • Best all round spread betting broker: IG is 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.
  • Research and tools: City Index is one of the most established spread betting brokers and offers a wide variety of webinars, trading tools and indicators on their online platform.
  • Best for beginners: ETX Capital are getting better and bigger everyday.  They offer some really tight spreads on FX, Index and Equities, even all the way down to AIM stocks.
  • Customer service: Spreadex is one of those brokers that people like doing business with.  They don't offer the tightest spreads or even the widest range of markets. But, they do offer a slightly more personal service.  It's their small brokerage attitude that makes them worth trading through.
  • Best for tight spreads:  Core Spreads are 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.

Can you make money spread betting?

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.

We’ve 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 don’t know how spread betting works you can read our article on the basics of how 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 to choosing the right spread betting broker before you open an account.

Financial Security – a key feature of any spread betting broker…

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 duedil.com.  If you are trading through a spread betting white label it’s important to check just what balance sheet you are using, the brand or the underlying provider.

Best MT4 spread betting brokers

MT4 is 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 the best MT4 spread betting accounts here.

Where to get the tightest FX spreads

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.

Three brokers where you can spread bet on foreign exchange with rates under 1 pip.

  • IG: Despite being the largest and oldest spread betting firm (read IG review), IG 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.
  • ETX (read ETX Capital review) as well as being one of the biggest brokers out there you can also trade a wide range of commodities on MT4 and equities through ETX Trader Pro (the better platform).
  • Core Spreads (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.

Using spread betting as a tool for arbitrage between brokers

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.  Don’t bother as this sort of behavior 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. It’s not fair but it’s the facts.

Spread Betting on Foreign Exchange, FX or Forex

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 can compare the best FX spread betting brokers here.

Regulation and it’s importance for spread betting brokers

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.

Welcome offers and trading bonuses in spread betting

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 the FCA register. If you think that a broker is trying to scam you, you can report it to the FCA here.

Range of markets offered by a spread betting account

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.

Added value offered by spread betting brokers

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-party research and analysis services.  Some provide direct market access and 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.

Compare Added Value Spread Betting Accounts

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.  It’s 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

Spread Betting Broker Reviews

A quick Google will tell you most things you need to know about a spread betting broker.  There are a plethora of spread betting review sites that have expert, factual and user reviews on spread betting accounts.  Be mindful never to take others views too seriously and always make up your own mind up about a spread betting company.  The key points are what we have listed above, but 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.

Spread Betting Guides, Tips & Strategy

We’ve put together a few spread betting guides that 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.

Which is the right spread betting broker for you?

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 you picking the right spread betting broker can affect you win/loss ration of trades.

Some golden rules of day trading via spread bets…

There are some key principles that all spread betting traders should adhere to if they want to make money.  Check out our three golden rules to profitable day trading to 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.

Spread bet trading on the go

It is essential that any broker you use has the ability for you to check and close your positions on the move. You can compare the best Financial Spread Betting Mobile Apps to make sure that you don’t 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.

Who are the major players in the spread betting world?

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.  We’ve 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

Spread Betting on Bitcoin – need we say more

I’m 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 must trade bitcoin this is how….

You can also compare cryptocurrency brokers here

Spread Betting on the volatility of the markets.

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 can spread bet on market volatility using the VIX, a futures contract based in Chicago. It’s not the easiest indicator to follow or understand but once mastered can be an invaluable tool.

Price differences between spread betting brokers

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.

Spread betting on smaller cap stocks

There are pros and cons to spread betting on the smaller stocks.  Obviously, a pro is that if they sky rocket you don’t have to pay tax (at the moment) on your winnings.  The cons are that they are illiquid and as such can be very volatile. The best way to spread bet on the AIM market is 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 you’ll also end up paying a lot in interest overnight funding.

Spread betting on property

It is possible to spread bet on the UK housing market going up or down but 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.

Technical versus fundamental analysis in spread betting

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 verses fundamental analysis in spread betting is a debate that will probably go on for either, but at the end of the day it is down to personal preference.

Profiting from profit warnings

It’s 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 you use spread betting to bet on a downward market and 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.

Spread betting vs. CFDs (Contracts for difference)

It is easy to see 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.

Hedging with spread betting

No this is actually a valuable application of spread betting. Using spread betting as a hedging tool can be both an efficient way to manage a profitable position for tax purposes.

How does spread betting really work?

Do you really want to know 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 don’t.  Understanding the mechanics of the product isn’t going to help you be a better stock picker.

Training courses to be a better spread bet trader.

If you’ve just asked yourself  “Should I enrol on a trading course to learn spread betting?” The answer is no you shouldn’t.  You should avoid spread betting all together.  It’s 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 let’s be honest, if they were good traders you they certainly wouldn’t be teaching.

Why do most people lose money spread betting?

I’m sure that you’ve read somewhere that most traders who spread bet lose money?   But, what is the main 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 evil B book run by spread betting brokers

The B book has a pretty bad reputation, rather unjustly.  It’s a little unfair as the industry wouldn’t exist without it.  Some ask how can the 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.

Spread betting brokers actually like it when you make money

Some do anyway.  Some spread 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.

Making money as a spread bet trader

If you’ve just Google "can 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 can’t. Some people can, but only experienced investors and speculators, will find there way into the 20% of clients that across in the spread betting client universe of around 100,000 clients actually make money.

White label spread betting brokers – any good?

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 doesn’t 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 you're looking for the best spread betting platform for beginners we've 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 you're new to spread betting here's what you need to look out for.

First, what are the top five brokers for spread betting beginners:

Three simple spread betting strategies to get you started

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 we've 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:

1) Never over trade.

It's 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 shouldn't 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 brokers provide 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.

2) Cut your losses, run your profits.

The last point in never over trading bring us on nicely to the most 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.

3) Choosing the right spread betting broker

As spread betting is commission free (the charges are built into the spread and overnight fee) it's 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%.

Here's a reason why each of these spread betting brokers are good for beginners:

  • ETX Capital: a good all round broker for online execution. ETX is all about quality and robust technology. ETX's 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 the 1960's, ETX is one of the oldest spread betting brokers around. Read 30+ ETX client reviews here
  • IG: put simply they are the biggest spread betting and CFD broker in the world.  They are listed on the London Stock Exchange and are currently valued at over £3bn. If you plan on becoming a full time professional trader or have a very large amount of money to trade with their platform and staff can cater for your needs as your trading progresses. Read our expert and IG client reviews here
  • Spreadex: nice old school broker. Based in St Albans, just outside of London. Helpful staff, excellent customer service and a simple to use platform. Spreadex also have one of the largest market ranges allowing new traders to experiment with all sorts of trading from small caps, to crypto to fixed income. Plus you can spread bet on the horses and foot ball at the weekend with their sports spread betting offering. Read our expert and Spreadex client reviews here
  • ayondo: these guys offer social trading. Which means you can copy what other traders are doing. If they make money, you make money. But beware, if they lose, so do you. You can also become a trade leader and earn money if people decide to copy your trades. Read our expert ayondo review here
  • Core Spreads: as the name suggests they focus on trading, no bells and whistles or add ons. Just a simple to use platform with really tight spreads. Read our expert and 30+ Core Spreads reviews here

A few things to avoid when starting to spread bet.

  1. Don't over trade: which diversification is good, using up all your money in margin and not having an leeway is bad.
  2. Don't go with a foreign broker: only trade with FCA regulated UK based brokers
  3. Don't trade unprotected: always use a stop loss to minimise your losses
  4. Don't run losses: always run your profits and cut your losses early
  5. Don't think you know it all: the biggest hedge funds in the world only make a few percent a year.

Best spread betting brokers for HNWs with large accounts

  • IG – of course being the oldest and biggest spread betting firm are a clear choice for HNW clients.  They have a huge balance sheet and are also listed on the LSE, so it should be very clear if the firm is having difficulties.
  • Spreadex is one of the most well established spread betting brokers.  They launched in 1999 and probably offer the widest range of markets, phone trading and excellent personal service. You can read our interview with Spreadex CEO Jonathan Hufford

Comparing other types of FCA regulated UK brokers

When looking for a new broker there are a few important factors to consider.  The most prevalent being that they offer cost-effective access to the markets and asset classes you want to trade.  But you also need to consider the regulatory status of the broker, the trading costs, what added value they offer and how financially secure they are.

In our broker comparison pages we'll take a look at the top FOREX, CFD, spread betting, MT4, binary and currency brokers that are regulated by the FCA and what makes them stand out above the competition.

  • Spread betting brokers are one of the most cost-effective ways to trade the financial markets.  Clients can speculate in the form of a bet per point based on price movement. As you are betting on a move and don't actually own the underlying instrument profits are currently free of capital gains tax. All charges are built into the quoted spread which is generally a little wider than the bid/offer in the market.  Take a look at the top spread betting brokers in the UK here.
  • Forex brokers offer access to the Forex market which is the most heavily traded financial market in the world with over $4 trillion traded on a daily basis.  The Forex market is so popular because it trades 24 hours a day 5 days a week. There is a constant news flow in all times zones, providing excellent liquidity and volatility in the major FX pairs. The key to finding a good Forex brokers is a combination of low margin requirements, tight currency spreads and robust trading platform.
  • MetaTrader 4 brokers or MT4 is one of the most popular trading platforms for retail clients globally.  It is currently offered by over 600 brokers to their customers. The platform is highly customizable and gives access to over 10,000 assets (depending on your broker). Two of the key features are the ability to trade from charts and follow expert advisers.  These expert advisers are usually based on automated technical signals generated from the MetaTrader 4 platform.  Compare MetaTrader 4 brokers here.
  • Contracts for Difference (CFD) brokers provide access to the financial markets through derivatives.  That being a product that is derived from an underlying asset. When you trade contracts for difference you are entering into a contract based on the difference between the opening and closing price of an asset. CFDs are one of the most popular ways to speculate on the financial markets but the quality of CFD brokers varies dramatically - you can see the top CFD brokers here.
  • Direct Market Access (DMA) brokers offer direct market access to stock and futures exchanges.  DMA brokers are more appropriate for professional or high-frequency traders where pricing is of paramount importance. By using a DMA brokers you can buy cheaper and sell higher than other traders by putting your orders directly on the exchange order book inside the bid/offer spreads. DMA is an essential tool for working larger orders in illiquid markets and can end up saving traders a considerable amount over the course of an account..
  • Currency brokers offer bank beating exchange rates when converting money from one currency to another. Bank can charge up to 5% to send an international money transfer but by using a foreign exchange specialist you can save a huge amount of money.  Currency brokers also offer foreign exchange forward contracts for businesses or individuals to lock in current rates for future purchases.

Key features of spread betting

  • Tax free profits
  • Trade on margin
  • No stamp duty on stocks

How to choose a financial spread betting broker

There are a few key features to look at when switching or opening a spread betting account. These include:

  • Regulation
  • Spreads
  • Mobile Apps
  • Market Range
  • Experience
  • Added Value
  • Credit Accounts
  • Social Trading

Your spread betting broker must be authorised and regulated by the FCA.

By ensuring your spread betting broker is fully authorised and regulated by the FCA some of your funds will be protected under the FSCS.  The FCA also requires spread betting brokers to report on a regular basis and have adequate compliance procedures in place to treat customers fairly.

Check how wide a spread betting broker's spreads are

Our spread betting broker comparison tables highlight how wide a companies spreads are.  This is important because it is a big cost to you as a trader.  The narrower a companies spreads are the lower your trading costs will be.  A spread is the difference between the price at which you can buy and sell a position.  So if you are a intraday trader who makes lots of trades this can have a bit impact on your profit and loss.

Check you can trade with a spread betting broker on the go?

Most spread betting brokers will have multi platform and mobile and tablet apps for trading on the go.  As more volume goes through on mobile broker apps and mobile access ensures that you are always connected to the market to check prices and open and close positions.

Check what asset classes your spread betting broker covers

Some broker solely focus on one product like FX, others cover the entire market. Generally the bigger the broker the more stocks and asset you can trade.  The majority of spread betting activity is on the major stocks, FX pairs and indices, but by switching to a broker with better market coverage there will be no delay on putting a trade on an obscure stock or index if the opportunity presents itself.

Experience matters when spread betting

The more established a spread betting broker the better they will be at dealing with customer issues.  The financial markets are vastly complex so having experienced brokers and customer service staff is vital to sorting trading errors and helping you navigate new products.

Go with a spread betting broker that offers added value

Most brokers offer pretty much the same access to the market.  By choosing a spread betting broker will lots off added value tools like live news, technical analysis and sentiment indicators you will get a better overview of the market and hopefully be better informed when you trade.

Does your spread betting broker offer credit

Some brokers offer credit accounts.  This means if you are a good client you can put a trade on without having any cash in your account.  You will have to fund the account, but by having a bit of credit it means you can put a trade on quickly without having to wait for funds to be added.

Following profitable traders through social trading spread betting brokers

Social trading is bug business now.  It basically allows you to execute the same trades as the best customer of a specific broker.  If a broker allows social trading they will show th performance and trades of traders that make money.  You can then allocate a certain amount of capital to follow their real live positions.

Which are the best spread betting platform for beginners?

This is a tricky question as there is no one size fits all spread betting broker for beginners. If you want to find out which best spread betting platform for beginners you can read one of our guides or take our broker finder quiz. But beware, if you are a beginner spread betting, although it has high rewards is very risky. So make sure you fully understand how spread betting works before you start trading.

Do we have a list of spread betting forex brokers?

Yes we do, you can read our page on spread betting forex brokers to find out which spread betting broker offers the best markets, forex spreads and added value for your forex spread betting. As always when you are looking for a spread betting forex broker make sure they are regulated by the FCA and listed on the Good Broker Guide.

Why is spread betting UK exclusive?

Spread betting in the UK is only possible because there is no capital gains tax on spread betting profits. This does of course mean that you cannot offset spread betting losses and tax laws can and always will change.  Spread betting outside the UK does not exist as UK spread bettors are the only traders than benefit from the tax breaks.

How can I see the best spread betting platform in the UK

You can read our best spread betting platform uk reviews. These reviews from both UK spread betting traders and also our expert opinion. In some cases we deposit funds and trade through new brokers. You can rest assured that we only add the best spread betting platforms in the UK to the Good Broker Guide.

Financial spread betting versus sports spread betting.

There is only one financial spread betting broker that also offers sports spread betting. That financial spread betting broker is Spreadex. Many other spread betting brokers used to offer sports spread betting, but now it is just Spreadex.  Sports spread betting is a bit like trading the financial markets through financial spread betting, but instead of betting on the price of shares, forex and commodities, you are trading sports scores.

Do brokers still offer spread betting offers?

Not really, spread betting offers don't really exist anymore as the regulators through the spread betting offers that brokers were offering were attracting the wrong sort of client to spread betting. Instead, now brokers have to provide a better service, tighter pricing, and access to more markets. So actually, the reduction of spread betting offers is a good thing for traders.

Which was the best spread betting platform 2017?

There are many awards given out from various financial websites for the best spread betting platform 2017. However, take them all with a pinch of salt. most awards ceremonies tend to give awards to all brokers in one way or another in exchange for sponsorships and advertising spend on other websites.

Of course, we didn't nominate a "best spread betting platform 2017" because our awards only started in 2018. Our, of course, are unbiased and based we don;t offer awards to just any broker. They have to be good...

Do you have a list of mt4 spread betting brokers?

Of course, we do. You can view our mt4 spread betting broker comparison page for more information on spread betting brokers that offer spread betting on the MT4 platform. Most decent spread betting brokers will have their own trading platforms, but, becuase of the massive appeal of MT4 good spread betting brokers will also offer this as an option.

Read our ultimate guide to spread betting, it covers:

IG for all round spread betting


IG

Founded in 1974 by Stuart Wheeler as IG Index, IG are a publicly listed broker headquartered on Cannon Street in London. As of November 2017 IG was valued at over £2.4bn with an active client base (as of May 2017) of over 195,000. IG has offices in Dusseldorf, Geneva, Madrid, Milan, Paris, Stockholm, Shanghai, Melbourne, Singapore, Tokyo, Chicago, Johannesburg and Dubai.

IG Reviews IG Client Reviews
IG Expert Review
Exclusive Interview No - see other broker CEO interviews
Platforms IG Trading PlatformMT4, L2 Dealer & APIs
IG Updates Latest IG News, Views, Reviews & Guides
Min Deposit £250
Account Types Spread betting, CFDs, ForexStocks, ISA & SIPP, Prime Brokerage
Spread Types Fixed or variable
Funding Methods Cards, PayPal, Bank transfer
Customer Support Phone, email, livechat
Execution Type STP, Hedged, DMA, Internally matched
FTSE 100 Pricing 1 point
Germany 30 Pricing 1 point
Wall Street Pricing 1.6 points
Bitcoin Pricing 30 points
Ether Pricing 5 points
EURGBP Pricing 0.9 points
EURUSD Pricing 0.6 points
GBPUSD Pricing 0.9 points
Gold Pricing 0.3 points
Oil Pricing 3 points
Stock Pricing 0.10%
FCA Regulated Yes - See status
Year Established 1974
Active Clients 195,000
Markets available 15,000+
Retail Accounts Yes
Professional Accounts Yes
Listed PLC Yes (LSE) See IG share price
Country Founded UK
Inactivity Fee £12 per month after 24 months
Overnight Funding Rates 2.5% +/- Libor
Educational Material Yes
Office Locations 14
IG Alternatives IG Versus ETX Capital
IG Versus Core Spreads
IG Versus Plus 500
IG Versus Spreadex
IG Versus Saxo Capital Markets
IG Versus City Index
IG Versus Forex.com
IG Versus Pepperstone
IG Versus XTB
IG Versus eToro
IG Versus ayondo
IG Versus CMC Markets

ETX Capital for MT4 spread betting


ETX Capital

ETX Capital are one of the oldest spread betting brokers in the UK.  ETX was founded in 1965 as Monecor and remains a member of the London Stock exchange.

They offer tight spreads as low as 0.6 on EuroDollar and 0.9 on other FX pairs.

ETX Capital Reviews ETX Client Reviews
ETX Expert Reviews
Exclusive Interview Philip Adler - ETX Capital CEO
Platforms ETX Trader Pro, MT4
ETX Capital Updates Latest ETX Capital News, Views, Reviews & Guides
Min Deposit £100
Account Types Spread betting, CFDs, Forex
Spread Types Fixed or variable
Funding Methods Debit cards, credit cards, bank transfer
Customer Support Phone and email
Execution Type OTC
UK 100 Pricing 1 point
Germany 30 Pricing 1 point
Wall Street Pricing 1 point
Bitcoin Pricing Market Spread plus 10
Ether Pricing Market Spread plus 8
EURGBP Pricing 0.9 points
EURUSD Pricing 0.6 points
GBPUSD Pricing 0.9 points
Gold Pricing 0.04 points
Oil Pricing 5 points
Stock Pricing 0.05%
FCA Regulated Yes - See status
Year Established 1965
Active Clients 10,000
Markets available 5,000+
Retail Accounts Yes
Professional Accounts Yes
Listed PLC No
Country Founded UK
Inactivity Fee £15 after 1 year
Overnight Financing Rates 2.5% +/- Libor
Educational Material Yes
Office Locations 3
ETX Capital Alternatives ETX Capital Versus IG
ETX Capital Versus Core Spreads
ETX Capital Versus Plus 500
ETX Capital Versus Spreadex
ETX Capital Versus Saxo Capital Markets
ETX Capital Versus City Index
ETX Capital Versus Forex.com
ETX Capital Versus Pepperstone
ETX Capital Versus XTB
ETX Capital Versus eToro
ETX Capital Versus ayondo
ETX Capital Versus CMC Markets

City Index for index spread betting

ayondo are one of the more innovative spread betting brokers as in addition to standard spread betting and CFD trading accounts they also offer social trading.

So you can basically copy trade other spread betting traders and make (or lose) money when they trade.

ayondo Reviews ayondo Client Reviews
ayondo Expert Review
ayondo interview Robert Lempka, ayondo CEO
Platforms ayondo trading platform
ayondo Updates Latest ayondo News, Views, Reviews & Guides
Min Deposit £100
Account Types CFDs, Forex, Stocks, Social Trading
Spread Types Fixed and variable
Funding Methods Credit or debit card, bank transfer, Skrill
Customer Support Phone or email
Execution Type OTC
UK 100 Pricing 1 point in hours
Germany 30 Pricing 1 point in hours
Wall Street Pricing 2 points in hours
Bitcoin Pricing Variable
Ether Pricing Variable
EURGBP Pricing 1 pip
EURUSD Pricing 0.7 pips (fixed)
GBPUSD Pricing 1.2 pips (fixed)
Gold Pricing 50 cents
Oil Pricing 5 cents
Stock Pricing Main UK and US Stocks 0.1%
FCA Regulated Yes - See status
Year Established 2008
Active Clients 37,000
Markets available na
Retail Accounts Yes
Professional Accounts Yes
Listed PLC Yes (SGX) - See ayondo share price
Country Founded UK
Inactivity Fee No
Overnight Funding Rates na
Educational Material Yes
Office Locations London, Frankfurt, Singapore, Madrid, Zug
ayondo Alternative Brokers ayondo Versus IG
ayondo Versus ETX Capital
ayondo Versus Core Spreads
ayondo Versus Plus 500
ayondo Versus Spreadex
ayondo Versus Saxo Capital Markets
ayondo Versus City Index
ayondo Versus Forex.com
ayondo Versus Pepperstone
ayondo Versus XTB
ayondo Versus eToro
ayondo Versus CMC Markets

Spreadex for Spread Betting on Small Caps


Spreadex
Spreadex are a nice old school spread betting broker located just outside London.  
They tend to cater for more professional traders who value customer service above pricing.

As well as financial spread betting Spreadex also offer sport spread betting and fixed odds betting.

Spreadex Reviews Spreadex Client Reviews
Spreadex Expert Review
Spreadex CEO Interview Spreadex MD - Jonathan Hufford
Platforms Spreadex
Min Deposit £20
Account Types Spread betting, CFDs, Forex
Spread Types Fixed and variable
Funding Methods Debit cards, credit cards, bank transfer, cheque
Customer Support Phone, email and livechat
Execution Type OTC
UK 100 Pricing 1 point
Germany 30 Pricing 1 point
Wall Street Pricing 1.7 point
Bitcoin Pricing na
Ether Pricing na
EURGBP Pricing 0.9 points
EURUSD Pricing 0.6 points
GBPUSD Pricing 0.9 points
Gold Pricing 0.4 points
Oil Pricing 6 points
Stock Pricing 0.1%
FCA Regulated Yes - See status
Year Established 1999
Active Clients na
Markets available 15,000+
Retail Accounts Yes
Professional Accounts Yes
Listed PLC No
Country Founded UK
Inactivity Fee None
Overnight Funding Rates 3% +/- Libor
Educational Material Yes
Office Locations 1
Spreadex Alternative Brokers Spreadex Versus IG
Spreadex Versus ETX Capital
Spreadex Versus Core Spreads
Spreadex Versus Plus 500
Spreadex Versus Saxo Capital Markets
Spreadex Versus City Index
Spreadex Versus Forex.com
Spreadex Versus Pepperstone
Spreadex Versus XTB
Spreadex Versus eToro
Spreadex Versus ayondo
Spreadex Versus CMC Markets

CMC Markets for Forex Spread Betting

CMC Markets are clearly one of the better spread betting brokers. Like IG, they have been around for ages and stand out primarily because of their investment in trading systems.  The company started off as Deal4Free back in the old days and won a lot of business from competitors because of tights spreads on the most liquid markets.
CMC Markets Reviews CMC Markets Client Reviews
CMC Markets Expert Review
CMC CEO Interview Peter Cruddas CEO & Founder
Platforms CMC Markets trading platform MT4, Iress Viewpoint, SmartTrade WebTrader & APIs
CMC Markets Updates Latest CMC News, Views, Reviews & Guides
Min Deposit No minimum
Account Types Spread Betting, CFDs, Forex, Prime Brokerage
Spread Types Fixed and variable
Funding Methods Credit or debit card, bank transfer, PayPal (coming soon)
Customer Support Phone, email and messenger
Execution Type Internally matched, DMA, STP
UK 100 Pricing 1 point
Germany 30 Pricing 1 point
Wall Street Pricing 1.4 points
Bitcoin Pricing 60 points
Ether Pricing 6 points
EURGBP Pricing 1.1 points
EURUSD Pricing 0.7 points
GBPUSD Pricing 0.9 points
Gold Pricing 0.3 points
Oil Pricing 3 points
Stock Pricing Variable
FCA Regulated Yes - See status
Year Established 1989
Active Clients 59,000+
Markets available 9,500+
Retail Accounts Yes
Professional Accounts Yes - CMC Pro
Listed PLC Yes (LSE) See CMC Markets share price
Country Founded UK
Inactivity Fee £10 per month after 24 months
Overnight Financing Rates 2.5% +/- Libor
Educational Material Yes
Office Locations 15
CMC Markets Alternative Brokers CMC Markets Versus IG
CMC Markets Versus ETX Capital
CMC Markets Versus Core Spreads
CMC Markets Versus Plus 500
CMC Markets Versus Spreadex
CMC Markets Versus Saxo Capital Markets
CMC Markets Versus City Index
CMC Markets Versus Forex.com
CMC Markets Versus Pepperstone
CMC Markets Versus XTB
CMC Markets Versus eToro
CMC Markets Versus ayondo

Core Spreads for tight spread betting spreads


Core Spreads

Core Spreads’ objective is to provide the tightest, fixed spreads in the industry across 1000s of markets. With weekly video commentary from revered financier David Buik MBE, and technical analysis articles from Guest Writer Phillip Konchar being published daily, they aim to keep their clients abreast of current market news, trends and information.

Core Spreads Reviews Core Spreads Client Reviews
Core Spreads Expert Review
CEO Interview No - see other broker CEO interviews
Platforms CoreTrader, MT4
Core Spreads Updates Core Spreads News, Views, Reviews & Guides
Min Deposit No minimum
Account Types Spread betting, CFDs, Forex
Spread Types Fixed
Funding Methods Debit cards, credit cards, bank transfer, Skrill
Customer Support 24/5 Phone, email and Livechat
Execution Type OTC
UK 100 Pricing 0.8 points
Germany 30 Pricing 1 point
Wall Street Pricing 1 point
Bitcoin Pricing 70 points
Ether Pricing 8 points
EURGBP Pricing 0.6 points
EURUSD Pricing 0.6 points
GBPUSD Pricing 0.8 points
Gold Pricing 3 points
Oil Pricing 3 points
Stock Pricing 0.5%
FCA Regulated Yes as FINSA Europe See status
Year Established 2014
Active Clients 7,400
Markets available 3,000
Retail Accounts Yes
Professional Accounts Yes
Listed PLC No
Country Founded UK
Inactivity Fee None
Overnight Funding Rates

Based on $1 per point on CT at a rate of 1.1397:

  • The rollover fee for long positions on EUR/USD is $1.41
  • The rollover fee for short positions on EUR/USD is $0.16
Educational Material No
Office Locations 1
Core Spreads Alternatives Core Spreads Versus IG
Core Spreads Versus ETX Capital
Core Spreads Versus Plus 500
Core Spreads Versus Spreadex
Core Spreads Versus Saxo Capital Markets
Core Spreads Versus City Index
Core Spreads Versus Forex.com
Core Spreads Versus Pepperstone
Core Spreads Versus XTB
Core Spreads Versus eToro
Core Spreads Versus ayondo
Core Spreads Versus CMC Markets

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