fbpx

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

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. 

Featured CFD Broker What can you trade via CFDs? What are the CFD trading costs? CEO Interview More Info

IG

IG clients can trade a range of over 17,000 CFD markets Trade CFDs on interest rates, bonds, sectors, forex, indices, global shares, commodities and cryptocurrencies Opening an account is free, and charges are competitive. Trade spreads from 0.6 points on key FX pairs like EUR/USD, 1 point on major indices like the Germany 30 and FTSE 100, and 0.3 points on Spot Gold.

June Felix, IG CEO

Read June Felix CEO Interview

Visit IG

IG Reviews

CMC Markets

Trade contracts for difference (CFDs) and access over 9,500 instruments with competitive spreads. Trade CFDs on forex, indices, cryptocurrencies, commodities, shares and treasuries. Trade CFDs on major forex pairs from 0.7 points and popular indices from 1 point. When trading UK shares a commission is charged from 0.1% or 2 cents per unit for US.

Read Peter Cruddas CEO Interview

Visit CMC

CMC Reviews

Pepperstone

150+ instruments across FX, indices, equities, cryptos, energy and commodities, and more, across three, free powerful platforms During liquid times, CFD spreads can go as low as 0 pips on the EURUSD on the Pepeprstone Razor account Tamas Szabo Pepperstone CEO Read Tamas Szabo CEO Interview Visit Pepperstone

Pepperstone Reviews
Fineco Trade Fineco CFDs on thousand of asset classes Equity, Indices, Commodities, bond and Interest Rates Share CFDs have no additional spreads, indices have spread as low as 0.4pips on S&P 500 and 0.6pip on Nasdaq 100 and FTSE 100. FX spreads on 50+ pairs from 0.8pips.

Paolo Di Grazia, Fineco General Manager Paolo Di Grazia, Fineco GM

Visit Fineco

Fineco Reviews

Saxo Capital Markets

Access 9,000+ CFDs and trade CFDs on single stocks, indices, forex, commodities, options and bonds. Ultra-competitive pricing for trading UK stock CFDs from GBP 8, and US 30 Wall St. from 2 points. Andrew Edwards Saxo Capital Markets UK CEO Read Andrew Edwards CEO Interview Visit Saxo

Saxo Reviews

XTB XTB Brokers

Trade over 1500 global CFD markets including Forex, Cryptocurrencies, Indices, Commodities, Share CFDs and ETFs. Low forex spreads from 0.1 pips, stock CFD commission from 0.08%

Arnaout Omar Omar Arnaout

Visit XTB

XTB Reviews

Spreadex Financials

Spreadex

Trade one of the widest ranges of CFD markets including shares, indices, forex, commodities, bonds and interest rates. CFD spreads start from just 0.6 pts on EUR/USD, 1pt on UK 100 and 0.4 pts on Gold

Jonathan Hufford

Visit Spreadex

Spreadex Reviews

eToro

Trade CFDs in USD on eToro on a wide range of stocks, forex, indices, commodities and copy other CFD traders Cost are based in USD and eToro CFD trading costs are built into the spread.

Yoni Assai Interview

Visit eToro

eToro Reviews

Plus 500

Trade CFDs on a wide range of Indices, Forex, Commodities, Crypto, Shares, Options and ETFs Plus 500 CFD spreads are variable, yet competitive for new traders. There is no commission. Overnight funding is charged on positions. Coming Soon Visit Plus 500

Plus 500 Reviews

City Index

CFD Trading with City Index gives you access to over 4000 global markets including Indices, Shares, FX, Commodities and Bonds. Fixed and variable CFD spreads from 0.5 points with benchmark UK financing is LIBOR +/-2.5% Coming Soon Visit City Index

City Index Reviews

ETX Capital

Trade CFDs on ETX on over 5,000 instruments in all major asset classes including FX, Indices, Shares and Commodities.. Trade CFDs low commissions through ETX's pooled liquidity from a range of sources to deliver the best prices and narrowest spreads. Phil Adler CEO Interview ETX Reviews


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.

Featured Forex Broker What Forex pairs can you trade? How much does Forex trading cost? CEO Interview More Info

IG

With IG, you can choose to trade more than 80 currency pairs – from majors, such as GBP/USD to exotics such as HUF/EUR. You can trade these forex pairs via CFDs or spread bets. Get spreads from just 0.6 points on pairs like EUR/USD with the UK’s No.1 FX provider.

June Felix, IG CEO

Read June Felix CEO Interview

Visit IG

IG Reviews

CMC Markets

Trade forex on over 300 forex pairs, including EUR/USD, GBP/USD and AUD/USD, plus our customised range of 12 forex indices​. Spreads on EUR/USD, AUD/USD and USD/JPY start from just 0.7 points. CMC USD Index​ spreads from 0.25.

Read Peter Cruddas CEO Interview

Visit CMC

CMC Reviews

Pepperstone

Trade 61+ currency pairs with deep liquidity with pricing from multiple sources. Get some of the lowest forex spreads on the market with raw spreads from 0.0 pips on Razor accounts Tamas Szabo Pepperstone CEO Read Tamas Szabo CEO Interview Visit Pepperstone

Pepperstone Reviews
Fineco Trade 50+ Global Forex pairs Forex pairs with Fineco Fineco Forex spread are as low as, GBP/USD 1, EUR/USD 0.8, EUR/GBP 1

Paolo Di Grazia, Fineco General Manager Paolo Di Grazia, Fineco GM

Visit Fineco

Fineco Reviews

Saxo Capital Markets

Access 182 FX pairs across majors, minors and exotics, plus spot metals, from only 0.4 pips Ultra-competitive FX spreads and trade major FX pairs from 0.4 pips. Competitive entry prices and even lower rates for active forex traders. Andrew Edwards Saxo Capital Markets UK CEO Read Andrew Edwards CEO Interview Visit Saxo

Saxo Reviews

XTB XTB Brokers

Trade 48 currency pairs, 24 hours, 5 days a week, micro-lot trading available Low forex spreads from 0.1 pips on EURUSD, 0.3 pips on GBPUSD and 0.02 on AUDUSD.

Arnaout Omar Omar Arnaout

Visit XTB

XTB Reviews

Spreadex Financials

Spreadex

Speculate on over 60 currency pairs with advanced technical analysis tools including Pattern Recognition, ProTrend Lines and advanced indicators plus drawing tools Low spreads from 0.6 pts on EUR/USD and 0.9 pts on GBP/USD with 24 hour trading on most FX markets

Jonathan Hufford

Visit Spreadex

Spreadex Reviews

Plus 500

Trade FX CFDs on 60+ Forex Pairs like EUR/USD, GBP/USD and EUR/GBP with up to 1:30 leverage Variable Forex spreads on currency markets. Plus500 does not charge additional Forex dealing commissions. Coming Soon Visit Plus 500

Plus 500 Reviews

City Index

Trade on 84 global FX pairs like EUR/USD, GBP/USD and USD/JPY at City Index with fast execution and tight spreads Trade forex CFDs, DFT or spread bets with tight spreads from 0.5pts on major FX pairs Coming Soon Visit City Index

City Index Reviews

eToro

Trade CFDs on 47 of the most popular currency pairs with trades based in USD with eToro Forex Forex spreads are variable and trading costs are built into the price. Daily finance is charged on overnight positions.

Yoni Assai Interview

Visit eToro

eToro 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.

Featured Spread BettingBroker What markets can you spread bet on? How much are the spread betting fees? CEO Interview More Info

IG

Go long or short and spread bet on more than 17,000 markets with with IG, the world’s No.1 provider Spread bet from 0.6 points on key FX pairs like EUR/USD, 1 point on major indices like the Germany 30 and FTSE 100, and 0.3 points on Spot Gold.

June Felix, IG CEO

Read June Felix CEO Interview

Visit IG

IG Reviews

CMC Markets

Spread bet on the price movements of thousands of financial instruments, including indices, currencies, cryptocurrencies, commodities, shares and treasuries. Competitive spreads on our spread betting instruments, including major FX pairs from 0.7 points, major indices from 1 point and crude oil from 3 points.

Read Peter Cruddas CEO Interview

Visit CMC

CMC Reviews

Pepperstone

Spread bet on 150+ instruments across FX, indices, equities, cryptos, energy and commodities, and more, across three, free powerful platforms Spreads on our MetaTrader 4 and MetaTrader 5 platforms are variable, with prices coming from many providers and sources to ensure you're getting the best price. Tamas Szabo Pepperstone CEO Read Tamas Szabo CEO Interview Visit Pepperstone

Pepperstone Reviews

Spreadex Financials

Spreadex

Trade one of the widest ranges of spread betting markets including large and small cap shares, indices, forex, commodities, bonds and interest rates. Spread betting spreads start from just 0.6 pts on EUR/USD, 1pt on UK 100 and 0.4 pts on Gold

Jonathan Hufford

Visit Spreadex

Spreadex Reviews

City Index

Spread Betting with City Index provides a tax-free* way to trade over 8000+ global markets. Fixed and variable spreads from 0.5 points with benchmark UK financing is LIBOR +/-2.5% Coming Soon Visit City Index

City Index Reviews

ETX Capital

Trade over 5,000 markets with Profits exempt from both Stamp Duty and Capital Gains tax within the UK. ETX offer competitive spread betting costs with major FX pairs from 0.6 pips and spreads on major Indices from 1 pt. Phil Adler CEO Interview ETX 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.

DMA Broker DMA Access DMA Execution Account Types CEO Interview More Info

IG

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

June Felix, IG CEO

Read June Felix CEO Interview

Visit IG

IG Reviews
CEO Interview

Saxo Capital

Stocks:
FX:
Index:
Commodities:
Voice:
Online:
Strategy:
Prime:
DMA:
Futures:
CFD
Spreadbetting:
Andrew Edwards Saxo Capital Markets UK CEO Read Andrew Edwards CEO Interview Visit Saxo

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

Paolo Di Grazia, Fineco General Manager Paolo Di Grazia, Fineco GM

Visit Fineco

Fineco Reviews
Interactive Brokers Interactive Brokers Stocks:
FX:
Index:
Commodities:
Voice:
Online:
Strategy:
Prime:
DMA:
Futures:
CFD
Spreadbetting:

Thomas Peterffy

IBKR Services

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.

Featured MT4 Broker What can you trade on MT4? How much does MT4 trading cost? CEO Interview More Info

IG

IG’s MetaTrader 4 package delivers instant access to 18 free add-ons and indicators, giving you an edge in your trading. You’ll also have the option to download thousands more from inside the MetaTrader 4 platform. Take advantage of minimum spreads of 0.6 on a host of forex pairs with IG. The minimum lot size on MT4 is 0.01 lots, helping you manage the risks of high-volume trading.

June Felix, IG CEO

Read June Felix CEO Interview

Visit IG

IG Reviews

CMC Markets

Trade CFDs on 30 currency pairs including EUR/USD, GBP/USD and USD/JPY, major indices like the UK 100 and US 30, plus popular commodities such as Gold, Silver and Crude Oil Trade Forex from 0.7 pips on MT4, indices from 1 point and Gold from 0.3.

Read Peter Cruddas CEO Interview

Visit CMC

CMC Reviews

Pepperstone

Trade 85 pre-installed MT4 indicators available on the desktop app for greater insight into market trends During liquid times, MT4 spreads can go as low as 0 pips on the EURUSD through the Razor account Tamas Szabo Pepperstone CEO Read Tamas Szabo CEO Interview Visit Pepperstone

Pepperstone Reviews

XTB XTB Brokers

Trade over 1,500 markets through MT4. Test and optimise your trading strategies with the MT4 Strategy Tester Low forex spreads from 0.1 pips, stock CFD commission from 0.08%

Arnaout Omar Omar Arnaout

Visit XTB

XTB Reviews

ETX Capital

Trade over 60 FX pairs including majors, minors and a range of exotics currency pairs with ETX. ETX offer low FX trading costs on spread betting and CFDs with spreads on EURUSD from only 0.6 pips, and GBPUSD from 0.9 pips. Phil Adler CEO Interview ETX Reviews

City Index

With City Index’s MetaTrader4 platform, you can trade over 80 Forex pairs, including majors, minors and exotics. Ultra-tight spreads, fast trade executions and unique trading tools. Coming Soon 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.

Featured Broker Futures & Options Services Account Types CEO Interview More Info

Saxo Capital

Stocks:
FX:
Index:
Commodities:
Voice:
Online:
Strategy:
Prime:
DMA:
Futures:
Options:
CFD
Spreadbetting
Andrew Edwards Saxo Capital Markets UK CEO Read Andrew Edwards CEO Interview Visit Saxo

Saxo Reviews

IG

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

June Felix, IG CEO

Read June Felix CEO Interview

Visit IG

IG Reviews
Fineco Stocks:DMA
FX:
Index:CFD
Commodities:CFDs
Voice:
Online:
Strategy:
Prime:
DMA:
Futures:
Options:
CFD
Spreadbetting

Paolo Di Grazia, Fineco General Manager Paolo Di Grazia, Fineco GM

Visit Fineco

Fineco Reviews

Linear Investments

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

Jerry Lees

Linear Services
Interactive Brokers Interactive Brokers Stocks:
FX:
Index:
Commodities:
Voice:
Online:
Strategy:
Prime:
DMA:
Futures:
Options:
CFD
Spreadbetting

Thomas Peterffy

IBKR Services

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

Prime Broker DMA Access Execution Account Types CEO Interview More Info

Saxo Capital Markets

Stocks:
FX:
Futures:
Options:
Voice:
Online:
Strategy:
Prime:
DMA:
Omnibus:
Liquidity
White Label:
Andrew Edwards Saxo Capital Markets UK CEO Andrew Edwards Visit Saxo

Saxo Services

IG

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

June Felix, IG CEO

Read June Felix CEO Interview

Visit IG

IG Services

Linear Investments

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

Jerry Lees

Linear Services
Interactive Brokers Interactive Brokers Stocks:
FX:
Futures:
Options:
Voice:
Online:
Strategy:
Prime:
DMA:
Omnibus:
Liquidity
White Label:

Thomas Peterffy

IBKR 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

About The Author