If you’re looking to trade Standard & Poor's 500 (S&P 500), we’ve compiled a list of the best brokers for trading the S&P. All brokers in this list are authorised and regulated by the FCA. Ensure that you are using the best platforms for trading indices and choose a brokers from our comparison list of the best brokers for trading the Standard & Poor's 500 (S&P 500):

Featured Trading BrokersAccount TypesKey InformationTypical CostsMore Info

IG

CFDs: Yes
Spread Betting: Yes
Direct Market Access: Yes
Pro Account: Yes
Investments: Yes
Futures & Options: No
Total Markets: 17,000
Active Clients: 178,000
Minimum Deposit: £250
Founded: 1974
Inactivity Fee: £12 pm
HQ: London, UK
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%
See Offer
Your capital is at risk. 76% of retail CFD accounts lose money

CMC Markets

CFDs: Yes
Spread Betting: Yes
Direct Market Access: Yes
Pro Account: Yes
Investments: No
Futures & Options: No
Total Markets: 9,300
Active Clients: 53,308
Minimum Deposit: £100
Founded: 1989
Inactivity Fee: £10 pm
HQ: London, UK
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
See Offer
73% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider

Pepperstone

CFDs: Yes
Spread Betting: Yes
Direct Market Access: No
Pro Account: Yes
Investments: No
Futures & Options: No
Total Markets: 178
Active Clients: na
Minimum Deposit: £100
Founded: 2010
Inactivity Fee: £0 pm
HQ: Melbourne, Australia
EURUSD: 0.13 pips
UK 100: 1 point
Wall Street: 2.4 points
Gold: 0.05 points
UK Shares: na
US Shares: na
See Offer 79.3% of retail investor accounts lose money when trading spread bets and CFDs with this provider

Fineco

CFDs: Yes
Spread Betting: No
Direct Market Access: Yes
Pro Account: Yes
Investments: Yes
Futures & Options: Yes
Total Markets: 180
Active Clients: na
Minimum Deposit: £100
Founded: 1999
Inactivity Fee: £0 pm
HQ: Reggio Emilia, Italy
EURUSD: 0.8 pips
UK 100: 6 points
Wall Street: 6 points
Gold: 0.3 points
UK Shares: 0.05%
US Shares: na
See Offer 70.50% of retail investor accounts lose money due to CFD trading with FinecoBank

Trade Nation

CFDs: Yes
Spread Betting: Yes
Direct Market Access: No
Pro Account: Yes
Investments: No
Futures & Options: No
Total Markets: 2,500
Active Clients: 7,500
Minimum Deposit: £5
Founded: 2020
Inactivity Fee: £0 pm
HQ: London UK
EURUSD: 0.6 pips
UK 100: 0.4 points
Wall Street: 1 point
Gold: 0.4 points
UK Shares: 0.1%
US Shares: 2¢ per share
See Offer
57.1% of retail investor accounts lose money when trading CFDs with this provider

Markets.com

CFDs: Yes
Spread Betting: Yes
Direct Market Access: No
Pro Account: Yes
Investments: No
Futures & Options: No
Total Markets: 8,000
Active Clients: 11,000
Minimum Deposit: £100
Founded: 2008
Inactivity Fee: $10 pm
HQ: Cyprus
EURUSD: 0.6 pips
UK 100: 2 points
Wall Street: 2 point
Gold: 0.5 points
UK Shares: 0.1%
US Shares: 0.1%
See Offer
77% of retail investor accounts lose money when trading CFDs with this provider

Saxo Markets

CFDs: Yes
Spread Betting: No
Direct Market Access: Yes
Pro Account: Yes
Investments: Yes
Futures & Options: Yes
Total Markets: 19,000
Active Clients: 525,000
Minimum Deposit: £500
Founded: 1992
Inactivity Fee: £25 pq
HQ: Copenhagen, Denmark
EURUSD: 0.6 pips
UK 100: 1 point
Wall Street: 3 points
Gold: 0.6 points
UK Shares: 0.05%
US Shares: 2¢ per share
See Offer
70% of retail investor accounts lose money when trading CFDs with this provider

Spreadex Financials

Spreadex

CFDs: Yes
Spread Betting: Yes
Direct Market Access: Yes
Pro Account: Yes
Investments: No
Futures & Options: No
Total Markets: 10,000
Active Clients: 60,000
Minimum Deposit: £100
Founded: 1999
Inactivity Fee: £0
HQ: St Albans, UK
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%
Visit IG Website
69% of retail investors lose money when trading spread bets and CFDs with this provider
Interactive Brokers

Interactive Brokers (IBKR)

CFDs: Yes
Spread Betting: No
Direct Market Access: Yes
Pro Account: Yes
Investments: Yes
Futures & Options: Yes
Total Markets: 7,100
Active Clients: 607,000
Minimum Deposit: $100
Founded: 1978
Inactivity Fee: $20 pm
HQ: Connecticut, USA
EURUSD: 0.20 basis point
UK 100: 0.005%
Wall Street: 0.005%
Gold: na
UK Shares: 0.05%
US Shares: 2¢ per share
See Offer64% of retail investor accounts lose money when trading CFDs with IBKR

XTB

XTB Brokers

CFDs: Yes
Spread Betting: No
Direct Market Access: Yes
Pro Account: Yes
Investments: Yes
Futures & Options: Yes
Total Markets: 1,981
Active Clients: 149,304
Minimum Deposit: £100
Founded: 2002
Inactivity Fee: €25 pm
HQ: Warszawa, Poland
EURUSD: 0.6 pips
UK 100: 0.9 point
Wall Street: 2 points
Gold: 0.3 points
UK Shares: 0.08%
US Shares: 0.08%
See Offer79% of retail investor accounts lose money when trading CFDs with this provider

ETX Capital

CFDs: Yes
Spread Betting: Yes
Direct Market Access: No
Pro Account: Yes
Investments: No
Futures & Options: No
Total Markets: 5,000
Active Clients: 55,000
Minimum Deposit: £100
Founded: 2007
Inactivity Fee: £25 pm
HQ: London UK
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

eToro

CFDs: Yes
Spread Betting: No
Direct Market Access: No
Pro Account: Yes
Investments: No
Futures & Options: No
Total Markets: na
Active Clients: 12,000
Minimum Deposit: $50
Founded: 2006
Inactivity Fee: $10 pm
HQ: Limassol, Cyprus
EURUSD: 0.3 pips
UK 100: 1.5 points
Wall Street: 6 points
Gold: 0.45 points
UK Shares: 0.9%
US Shares: 0.9%
See Offer75% of retail investor accounts lose money when trading CFDs with this provider

Plus 500

CFDs: Yes
Spread Betting: No
Direct Market Access: No
Pro Account: Yes
Investments: No
Futures & Options: No
Total Markets: 2,000
Active Clients: 199,750
Minimum Deposit: $100
Founded: 2008
Inactivity Fee: $10 pm
HQ: Haifa, Israel
EURUSD: 0.8 pips
UK 100: 2 points
Wall Street: 4 points
Gold: 0.59 points
UK Shares: na
US Shares: na
See Offer76.4% of retail investor accounts lose money when trading CFDs with this provider

City Index

CFDs: Yes
Spread Betting: Yes
Direct Market Access: No
Pro Account: Yes
Investments: No
Futures & Options: No
Total Markets: 12,000
Active Clients: 126,000
Minimum Deposit: £100
Founded: 1983
Inactivity Fee: £12 pm
HQ: London UK
EURUSD: 0.5 pips
UK 100: 1 point
Wall Street: 3.5 points
Gold: 0.8 points
UK Shares: 0.18%
US Shares: 2¢ per share
See Offer74% of retail investor accounts lose money when trading CFDs with this provider

What is the S&P 500?

Standard & Poor's 500 stock market index (ticker: SPX) is one of the oldest equity benchmarks. Its calculations are based on the market capitalisations of listed companies in the US.

Formed in 1957, the index is now the most popular stock market barometers in the world. According to some estimates, more that US$9 trillion of products are based on the S&P 500 index.

The Index takes the largest 505 stocks in the US exchanges and calculated the index prices based on stock price movements minute by minute. A brief snapshot of the Index is showed below. The largest stock has a market cap of $1.12 trillion. The smallest has a market cap of $2.82 billion.

Source: Standard & Poor's

Can you trade the S&P 500?

Yes, you can, albeit only indirectly. There are multiple financial products derived from the underlying S&P 500 Index that you can trade with, including:

  • Futures
  • Options
  • Exchange-Traded Funds (link)
  • Investment Funds
  • Spread trading

Compare index trading brokers.

The biggest ETF based on the S&P 500 Index is the S&P500 ETF (ticker: SPY).

What is the attraction of S&P 500?

It is one of the most followed equity index in the world. SPX is attractive to investors and traders alike because:

  • S&P 500 is a highly liquid index - you can buy/sell underlying components easily
  • SPX components are a good spread of various sectors. It is not dominated by any one sector (see below).
  • SPX is a bellwether of the US economy

Therefore, many trader likes to trade this index, especially during trading hours where liquidity is better.

Source: Standard & Poor's

What moves the S&P 500?

Stock markets are driven by a wide variety of factors, including some of the following:

  • Macro factors (e.g. GDP, unemployment, business indicators etc)
  • Monetary factors (e.g., Quantitative Easing, rates movements, yield curve etc)
  • Technical factors (e.g., new highs)

If you are trading SPX short term, you will need to pay attention to news flow and data announcements because they can have massive impact on the index over the short term.

Another area to watch out for are Federal Reserve meetings and the release of FOMC minutes. Any change in interest rates beyond market expectations can cause violent swings in the SPX. For example, if investors were expecting a 0.25% hike but the central bank raised it by 0.5% - this may cause prices swing massively after the announcement.

Studying the reaction of the market to these factors are important.

How to trade the S&P 500 using technical indicators?

Trading the S&P profitably requires a good strategy, of which technical indicators could come in handy. Technical indicators include:

  • Price action
  • Oscillators
  • Support & resistance levels
  • Trend indicators like moving average
  • Patterns like breakout and reversals

For example, you may use the moving averages to judge whether the index is still trending or due for a reaction.

Here is how to trade with technical analysis for more information.

Another favourite indicator is a break of resistance or support levels. Look at the S&P 500 ETF (SPY) below. It was clear that the breakout above the 300 key resistance last month resulted in a persistent rally into 310 (see below).

Bear in mind, however, the different traders will gravitate towards different trading styles. Therefore you must find the technical indicators that best support your trading objectives.

Live Standard & Poor's 500 (S&P 500) CFD Prices From Plus 500