fbpx

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):

Types of broker that offer Standard & Poor’s 500 (S&P 500) Trading


Compare Index Brokers For Trading Standard & Poor's 500 (S&P 500)

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 Broker FX Spreads (pips from) Index Spreads Features CEO Interview 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.:
Markets:16,000+
Clients:195,000

June Felix, IG CEO

Read June Felix CEO Interview

Visit IG

IG Reviews

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.:
Markets:15,000

Read Peter Cruddas CEO Interview

Visit CMC

CMC Reviews

Pepperstone

EURGBP:1
USDJPY:1
GBPUSD:1
EURUSD:1
FTSE: 1pt
DOW: 1.6pt
DAX: 1pt
(Variable)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
Tamas Szabo Pepperstone CEO Read Tamas Szabo CEO Interview Visit Pepperstone

Pepperstone Reviews

Best CFD Brokers For Trading Standard & Poor's 500 (S&P 500)

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 Broker FX Spreads (pips from) Index Spreads Features CEO Interview 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.:
Markets:16,000+
Clients:195,000

June Felix, IG CEO

Read June Felix CEO Interview

Visit IG

IG Reviews

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.:
Markets:15,000

Read Peter Cruddas CEO Interview

Visit CMC

CMC Reviews

Pepperstone

EURGBP:1
USDJPY:1
GBPUSD:1
EURUSD:1
FTSE: 1pt
DOW: 1.6pt
DAX: 1pt
(Variable)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
Tamas Szabo Pepperstone CEO Read Tamas Szabo CEO Interview Visit Pepperstone

Pepperstone Reviews

Best Spread Betting Brokers For Trading Standard & Poor's 500 (S&P 500)

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 Broker FX Spreads (pips from) Index Spreads Features CEO Interview 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.: Markets:16,000+
Clients: 195,000

June Felix, IG CEO

Read June Felix CEO Interview

Visit IG

IG Reviews

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.:

Read Peter Cruddas CEO Interview

Visit CMC

CMC Reviews

Pepperstone

EURGBP:1
USDJPY:1
GBPUSD:1
EURUSD:1
FTSE: 1pt
DOW: 1.6pt
DAX: 1pt
(Variable)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
Tamas Szabo Pepperstone CEO Read Tamas Szabo CEO Interview Visit Pepperstone

Pepperstone Reviews

Best DMA Brokers For Trading Standard & Poor's 500 (S&P 500)

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.

Featured 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

Best MT4 Brokers For Trading Standard & Poor's 500 (S&P 500)

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 FX MT4 Spreads (pips from) Index MT4 Spreads MT4 Features CEO Interview 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.:
Markets:16,000+
Clients:195,000

June Felix, IG CEO

Read June Felix CEO Interview

Visit IG

IG Reviews

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.:
Markets:15,000

Read Peter Cruddas CEO Interview

Visit CMC

CMC Reviews

Pepperstone

EURGBP:1
USDJPY:1
GBPUSD:1
EURUSD:1
FTSE: 1pt
DOW: 1.6pt
DAX: 1pt
(Fixed)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
Tamas Szabo Pepperstone CEO Read Tamas Szabo CEO Interview Visit Pepperstone

Pepperstone Reviews

Best Options Brokers For Trading Standard & Poor's 500 (S&P 500)

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 Options Trading 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

Use our comparison tables to compare the best UK based Standard & Poor's 500 (S&P 500) 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 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

See Services

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

Read the GMG Guide on Index Trading.

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 (see GMG Guide on Support/Resistance)
  • 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.

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