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Spread betting forex brokers offer access to the foreign exchange market through the tax efficient trading, also known as spread betting on Forex.

What is a forex spread betting broker?

Very simply spread betting forex brokers let you trade forex through spread betting and if you make money you get to keep all your provide and don’t have to pay anything out to the tax man.  This is in contrast to CFD trading. Which is very similar to spread betting on forex in that you trade on margin, but profits are still liable for tax. For more information on spread betting brokers, you can compare them all here.

Compare Spread Betting Forex Brokers

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

Featured Spread BettingBrokerSpread Betting InformationSpread Betting MarketsSpread Betting CostsMore Info

IG

Minimum Stake: 50p
Minimum Deposit £250
Index Margin: 5%
Forex Margin: 3.33%
Pro Index Margin: 0.45%
Pro Forex Margin: 0.45%
Total Markets: 17,000
Forex Pairs: 51
Commodities: 38
Indices: 34
UK Stocks: 3,925
US Stocks: 6,352
EURUSD: 0.6 pips
UK 100: 1 point
Wall Street: 2.4 points
Gold: 0.3 points
UK Shares: 0.10%
US Shares: 0.10%
Open Account
Your capital is at risk. 76% of retail CFD accounts lose money

CMC Markets

Minimum Stake: 50p
Minimum Deposit £100
Index Margin: 5%
Forex Margin: 3.33%
Pro Index Margin: na
Pro Forex Margin: na
Total Markets: 9,300
Forex Pairs: 71
Commodities: 33
Indices: 22
UK Stocks: 629
US Stocks: 3,441
EURUSD: 0.7 pips
UK 100: 1 point
Wall Street: 2.4 points
Gold: 0.3 points
UK Shares: 0.10%
US Shares: 2¢ per share
Open Account 79% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider

Pepperstone

Minimum Stake: 50p
Minimum Deposit £100
Index Margin: 5%
Forex Margin: 3.33%
Pro Index Margin: 0.2%
Pro Forex Margin: 0.5%
Total Markets: 178
Forex Pairs: 36
Commodities: 16
Indices: 14
UK Stocks: 0
US Stocks: 64
EURUSD: 0.13 pips
UK 100: 3 points
Wall Street: 2.4 points
Gold: 0.5 points
UK Shares: na
US Shares: na
Open Account 79.3% of retail investor accounts lose money when trading spread bets and CFDs with this provider

Spreadex Financials

Spreadex

Minimum Stake: 1p
Minimum Deposit £100
Index Margin: 5%
Forex Margin: 3.33%
Pro Index Margin: 0.5%
Pro Forex Margin: 0.5%
Total Markets: 10,000
Forex Pairs: 53
Commodities: 21
Indices: 37
UK Stocks: 2,000
US Stocks: 500
EURUSD: 0.6 pips
UK 100: 1 point
Wall Street: 2.4 points
Gold: 0.4 points
UK Shares: 0.1%
US Shares: 0.15%
Open Account 69% of retail investors lose money when trading spread bets and CFDs with this provider

City Index

Minimum Stake: £1
Minimum Deposit £100
Index Margin: 5%
Forex Margin: 3.33%
Pro Index Margin: 0.25%
Pro Forex Margin: 0.25%
Total Markets: 12,000
Forex Pairs: 84
Commodities: 25
Indices: 21
UK Stocks: na
US Stocks: na
EURUSD: 0.5 pips
UK 100: 1 point1
Wall Street: 3.5 points
Gold: 0.8 points
UK Shares: 0.18%
US Shares: 2¢ per share
Open Account 74% of retail investor accounts lose money when trading CFDs with this provider

ETX Capital

Minimum Stake: 25p
Minimum Deposit £100
Index Margin: 5%
Forex Margin: 3.33%
Pro Index Margin: na
Pro Forex Margin: na
Total Markets: 5,000
Forex Pairs: 60
Commodities: 25
Indices: 34
UK Stocks: 350
US Stocks: na
EURUSD: 0.6 pips
UK 100: 1 point1
Wall Street: 4 points
Gold: 0.4 points
UK Shares: 0.1%
US Shares: 2¢ per share
ETX Reviews 77.4% of retail investor accounts lose money when trading CFDs with this provider

Forex spread betting in the UK

Forex is one of the top ten (if not the) most traded asset class through spread betting forex brokers. Other popular markets traded are Oil, Gold, Indices (like the FTSE, DAX and Dow) along with major shares like Apple, Vodafone and the bank.

Spread betting through forex brokers is particularly popular because forex is so liquid and the prices move 24/5. Thankfully the forex spread betting markets are not officially open on the weekends, but you can trade some indices through brokers like IG.

MT4 spread betting brokers for Forex

As with all spread betting forex brokers, MT4 is one of the most popular platforms. You can compare all MT4 brokers or all forex brokers, but if a spread betting forex broker does not have their own platform they will almost certainly have MT4 for Forex trading.

Best forex spread betting platform in the UK?

There are some very clear contenders for the best spread betting forex broker in the UK. All of which can be found in our spread betting comparison tables. At the Good Broker Guide, we do not include bad spread betting forex brokers so any broker in our comparison tables could potentially be the best spread betting forex brokers.

Best UK forex brokers for beginners

If you are new to forex trading and looking for the UK forex traders for beginners compare them here. It’s not exhaustive, but it will give you a guide as to what a forex broker should offer and what makes them a good place to start your forex trading.

ECN Forex spread betting brokers – who are they and does it matter?

If you don’t know the difference between an ECN Forex spread betting broker, read this article. We highlight what an ECN and STP forex spread betting broker is and whether or not it will actually make a difference to your spread bet trading.

Financial spread betting on Forex

If you want to trade Forex through financial spread betting you’ve come to the right place. We’ve got everything you can need from forex spread betting broker reviews, trading guides, Forex technical analysis, and forex spread betting broker comparison tables.

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