Spreadex, one of the best spread betting brokers in the UK is one of 78 based in (and around) London to make it onto the FT’s list of fastest 1,000 European companies.
- Revenue Growth 2012-5: 71%
- CAGR (Compound annual growth rate) 2012-5: 19.6%
- Revenue 2015 (‘000EUR): 67,758
- Employees: 111
We note with a chuckle that they were listed in the Travel & leisure category rather than finance. Read our Spreadex Review…
If you haven’t used Spreadex for trading yet, they are well worth a look. We like them because they are the sort of old gent of finance who do a bit on the side as well.
They are the sort of broker you can picture propping up the bar after a particularly good session on the LIFFE floor, then heading off to the track to take bets on the weekend.
Once you open a spread betting account with Spreadex, as well as trading the usual indices, FX and commodities, plus stocks all the way down to tiddly AIM listings, you can also spread bet on sports, politics, placed fixed odds bets and waste a bit of time and money in their casino.
Interestingly enough Smarkets, the new betting exchange also made it to the list. For those looking for an alternative to Betfair and Betdaq they offer discounted commission of 2% (compared to Betfair’s 5%) and some fairly decent liquidity.
Smarkets came in at 25, but then they were founded in 2008 and have had some pretty decent VC money pumped in for customer acquisition.
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Richard founded the Good Money Guide (previously Good Broker Guide) in 2015 and has been a broker for 20 years most recently at Investors Intelligence and previously a multi-asset derivatives broker at MF Global (Man Financial). Richard started his career working as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson) after interning on the NYMEX oil trading floor in New York and London IPE in 2001 & 2000.