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If you’re looking to trade indices, we’ve compiled a list of the best brokers for index trading. All brokers in this list are authorised and regulated by the FCA. Ensure that you are using the best platforms for day trading indices and choose a brokers from our comparison list of the best brokers for trading indices:

Types of brokers that offer Dow Jones Industrials Average (US 30) Trading


Compare Index Brokers For Indices

All the index brokers are authorised and regulated by the Financial Conduct Authority where client funds are segregated and protected under FSCS. Note: If you want to convert one currency to another and send money abroad you need a currency broker.

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.:
16,000+ 195,000 Visit IG
IG Reviews
CEO Interview

CMC Markets

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 Visit CMC

CMC Reviews

CEO Interview
XTB

XTB

EURGBP:0.1
USDJPY:0.1
GBPUSD:0.1
EURUSD:0.2
FTSE: 0.5pt
DOW: 1pt
DAX: 0.7pt
(Variable)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
4,000 230,000 Visit XTB
XTB Reviews
CEO Interview

City Index

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.:
12,000 20,000 Visit City Index

City Index Reviews

Saxo Capital

EURGBP:0.8
USDJPY:0.5
GBPUSD:0.8
EURUSD:0.5
FTSE: 1pt
DOW: 1.6pt
DAX: 1pt
(Variable)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
19,000 n/a Visit Saxo

Saxo Reviews

Best CFD Brokers For Trading Indices

Use our comparison tables to compare CFD brokers authorised and regulated by the FCA. Choose or switch to a CFD broker that offers the most markets, best pricing and client security.

CFDs 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. 

Broker FX Spreads (pips from) Index Spreads Features Active Clients Markets Offered 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.:
195,000 16,000+ Visit IG

IG Reviews
CEO Interview

CMC Markets

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.:
n/a 15,000 Visit CMC

CMC Reviews

CEO Interview
XTB

XTB

EURGBP:0.1
USDJPY:0.1
GBPUSD:0.1
EURUSD:0.2
FTSE: 0.5pt
DOW: 1pt
DAX: 0.7pt
(Variable)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
230,000 4,000 Visit XTB
XTB Reviews
CEO Interview

City Index

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.:
12,000 20,000 Visit City Index

City Index Reviews

Saxo Capital

EURGBP:0.8
USDJPY:0.5
GBPUSD:0.8
EURUSD:0.5
FTSE: 1pt
DOW: 1.6pt
DAX: 1pt
(Variable)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
n/a 19,000 Visit Saxo

Saxo Reviews

Best Spread Betting Brokers For Trading Indices

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 of risk and losses can exceed your deposits. Featured brokers appear first.

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.:
16,000+ 195,000 Visit IG

IG Reviews
CEO Interview

CMC Markets

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 Visit CMC

CMC Reviews

CEO Interview

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 Visit Spreadex

Spreadex Reviews

CEO Interview

City Index

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.:
12,000 20,000 Visit City Index

City Index Reviews

Best DMA Brokers For Trading Indices

Compare brokers that offer Direct Market Access (DMA) who are authorised and regulated by the FCA.  Use DMA to get inside the price and reduce your trading costs by getting better prices.

Broker DMA Access Execution Account Types More Info

IG

Stocks:
FX:
Index:
Commodities:
Voice:
Online:
Strategy:
Prime:
DMA:
Futures:
CFD
Spreadbetting:
Visit IG

IG Reviews
CEO Interview

Saxo Capital

Stocks:
FX:
Index:
Commodities:
Voice:
Online:
Strategy:
Prime:
DMA:
Futures:
CFD
Spreadbetting:
Visit Saxo

Saxo Reviews

FOREX.com

Stocks:
FX:
Index:
Commodities:
Voice:
Online:
Strategy:
Prime:
DMA:
Futures:
CFD
Spreadbetting:
Visit FOREX.com

FOREX.com Reviews

Best MT4 Brokers For Trading Indices

MT4 or MetaTrader 4 is currently offered by over 600 brokers worldwide. Compare the top MT4 brokers to ensure you get the best pricing, tools, analysis and features.

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.:
16,000+ 195,000 Visit IG

IG Reviews
CEO Interview

CMC Markets

EURGBP:1.1
USDJPY:0.5
GBPUSD:0.9
EURUSD:0.7
FTSE: 1pt
DOW: 1.4pt
DAX: 1pt
(Fixed)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
15,000+ n/a Visit CMC

CMC Reviews

CEO Interview
XTB

XTB

EURGBP:0.1
USDJPY:0.1
GBPUSD:0.1
EURUSD:0.2
FTSE: 0.5pt
DOW: 1pt
DAX: 0.7pt
(Variable)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
4,000 230,000 Visit XTB
XTB Reviews
CEO Interview

City Index

EURGBP:1.1
USDJPY:0.5
GBPUSD:0.9
EURUSD:0.7
FTSE: 1pt
DOW: 1.4pt
DAX: 1pt
(Fixed)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
12,000 20,000 Visit City Index

City Index Reviews

Best Options Brokers For Trading Indices

Use our comparison tables to compare the best UK based options brokers authorised and regulated by the FCA. Choose or switch to an option broker that offers the most markets, best pricing and client security.

Broker Futures & Options Trading Account Types More Info

Saxo Capital

Stocks:
FX:
Index:
Commodities:
Voice:
Online:
Strategy:
Prime:
DMA:
Futures:
Options:
CFD
Spreadbetting
Visit Saxo

Saxo Reviews

Use our comparison tables to compare the best UK based futures brokers authorised and regulated by the FCA. Choose or switch to a futures broker that offers the most markets, best pricing and client security.

Futures trading carries a high level of risk and can result in losses that exceed your deposits. Featured brokers appear first.

Here is a list of futures brokers based in the UK that are regulated by the FCA

Broker DMA Access Execution Account Types More Info

Saxo Capital

Stocks:
FX:
Futures:
Options:
Voice:
Online:
Strategy:
Prime:
DMA:
Omnibus:
Liquidity
White Label:
Visit Saxo

See Services

Live Indices CFD Prices From Plus 500

Alternative Indices For Index Trading

You can read about the major indices in our guide to the best indices for index trading.

Who are the best brokers to trade indices with direct market access?

If you are looking for DMA, here is a list of index trading brokers based in the UK that are regulated by the FCA

If you're looking for a broker to trade indices on low spreads, here is a quick run down of what you need to look for, where you should start, what to avoid and some spread examples.

First of - what is indices trading?

Very simply it's trading stock market indices like the FTSE 100, S&P 500, DAX, IBEX and the CAC. It is one of the most popular types of day trading around the world. I like to think it's a little more sophisticated than Forex trading and slightly easier that individual stocks for day trading.

As index trading is heavily influenced by a combination the individual constituents of an index, overall economic data and self fulfilling technical analysis there is a never ending supply of news, events and signals to trade from.

Major indices are also also some of the most liquid tradable assets out there so no matter how big a trader you are your orders should always get filled.

What types of index trading is there?

They all basically do the same thing, which is provide access to derivatives contracts of the underlying indices. If you want to buy and hold an index in the long run you are better off with an ETF Index Tracker through your stock broker.

Which brokers offer the lowest spreads on index trading?

There are two types of spreads on index trading. Fixed and variable.

Fixed means that the difference between the buy and sell price will always be the same. Core Spreads offers fixed spreads on indices from 50p per point. For example, the spreads on Wall Street at always 1 point, the DAX is 1 point and the S&P is 3 points.

Core Spreads Fixed Index Spreads
Core Spreads Fixed Index Spreads

Variable spreads mean that the difference between the buy and sell price will change depending on how liquid and volatile the market is. For example, around non-farm payrolls, the market will be more volatile and the best bid offer prices will not have as much liquidity. Therefore, the prices will be slightly further apart.

For example here with IG, spreads on the FTSE are 1 point, 2.4 on the Dow and 0.6 on the S&P.

IG Index Prices
IG Index Prices

It's a bit, swings and roundabouts really. You know where you are with fixed spreads, but with variable, during normal market trading you can get tighter prices, but they widen as the underlying market widens.

Most brokers offer competitive pricing on Index trading - ETX Capital for example is offering 0.5 points on S&P 500. But if you want to compare the most up to date pricing, go to our  index broker comparison tables to compare spreads.

Top spread betting and CFD trading accounts for Indices (DAX, FTSE, DOW, S&P)

Spread betting and CFD trading on the major indices is risky. Which brokers are best and regulated by the FCA?

Second only to spread betting on FX, indices offer good liquidity, a decent intra-day range and pretty much 24 hour news flow.

The constant release of economic figures and leading indicators from overseas markets make them one of the most popular asset classes to trade worldwide.

The major indices are:

The German DAX

This tracks the top 30 public companies in the Germany, has big tick size of EUR25 per point in the futures market and is the first market to open in Europe.  This makes it a good indicator for the FTSE, and follows on from the US indices.

For more information read our guide to trading and investing in the DAX 30 here

The UK FTSE 

The FTSE covers the top 100 companies in the UK and is generally regarded as the benchmark for the UK economy.  It’s a good index, for jobbing in and out of all day.

DOW and S&P

The DOW is based on the top 30 industrial stocks in the US whilst the S&P focuses on around 500 of the biggest public companies.  The S&P is one of the most heavily traded assets worldwide.

The best brokers for DAX, FTSE and DOW/S&P

Generally, the best spread bet brokers will be the ones that offer the tightest spreads.  You need tight spreads with index spread betting as traders like to take quick profits on short-term intra-day positions.

But it’s not just about tight forex spreads, you also need a good balance sheet, added value, good charts, data and analysis to help make informed decisions.

Here are some of the best forex brokers and a quick summary of why they are good for index trading:

  • IG – the biggest with good client sentiment-driven data
  • ETX Capital – good all-round broker
  • Spreadex – slightly wider, but excellent phone brokerage support

You can also compare all spread betting brokers here

Top MetaTrader 4 Brokers for trading indices (DAX, DOW/SP & FTSE)

As well MT4 offering clients access to the Forex Markets it is also one of the best independent platforms our there for trading indices.

Index trading (second to FX) is one of the most heavily traded asset classes in the world.  As with FOREX trading, the market is pretty much open all the time, there is great liquidity and news flow and there is plenty of money to be made (and lost!) from trend and chart trading.

Fortunately for traders, MT4 is offered by over 600 MetaTrader 4 brokers worldwide - but unfortunately, not all brokers are the same.  So we've put together a top three brokers to open an MT4 account with.  But first a little about the three main indices - we've left out the Asian indices because even though they are great markets to trade the most liquidity is when the UK is sleeping.

The FTSE 100 is the major benchmark index in the UK and consists of around 100 of the largest publicly listed companies on the LSE.  Because of copyright, some brokers call it the UK 100 or the UKX.  It's mainly traded via spread betting, CFDs and MT4 with brokers like ETX Capital.

The DAX consists of the largest 30 listed companies on the German exchange and is one of the most popular indices to trade.  It has a good dialy range and plenty of liquidity.  Trading via spread betting and CFDs on MT4 is more popular now as the contract size on the futures contract is quite large.  The margin alone for one contract is abour EUR13,000 and the tick size is EUR25 per point.  Using MT4 means you can trade in smaller size.

The DOW and S&P are the major US index benchamarks (as well as the NASDAQ).  The DOW has the top 30 US companies and the S&P has around 500.  Both are good lead indicators overnight for the UK and European markets.  They also provide a good switch after 2:30pm when the UK markets calm down - opening markets are generally more volatile and fun.

For more information read our guide to trading and investing in the DAX 30 here

Here are three of the better FCA regulated MT4 Brokers in the UK for index (DAX, DOW/SP & FTSE) trading.

ETX Capital

ETX have been around since 1965 and rebranded in 2008 as ETX Capital.  The ETX stands for Electronic, Telephone Execution.  They are regulated by the FCA and are constantly rating among the best MT4 brokers in the annual Investment Trends report.

IG

IG was founded in 1974 by Stuart Wheeler as a way for his mates to bet on the price of gold.  OVer the years the firm has grown to be one of the largest brokers in the UK.  They offer MT4 as well as their own excellent platform and are listed on the LSE with a current market cap of over £2bn.

XTB

XTB offer a pretty decent range of MT4 markets and were founded in 2002 is one of Europe's leading brokers. XTB provide CFD and Forex trading on over 1,500 instruments and have (as a group) over 21,000 active clients. Regulated by the FCA, have 12 offices globally including the UK.  XTB is headquartered in Poland and listed on the Warsaw Stock Exchange WSE:XTB.

You can compare all MT4 brokers featured on the Good Money Guide here