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We reviewed the top ten forex spread betting brokers in the UK so you can make an informed decision about where to trade.
Only FCA regulated Spread betting brokers are reviewed and we highlight the cons as well as the pros of each broker.
Note, If you are new to forex trading you can read our guide to the best UK forex brokers for beginners here.
So, here you go, in no particular order are the ten best spread betting brokers for forex….
ETX Capital have four platforms to choose from. They provide access to a large range of markets and have some of the tightest spreads in the industry.
If you are an experienced trader go for ETX Pro, for beginners they offer a great starter platform “ETX Trader”.
Core Spreads focus on really tight spreads. Their objective is to be the cheapest place to trade and they do this by not offering any trading tools or extras. Just a stripped down, razor sharp platform for quick fire price sensitive traders.
Investors Intelligence Spread Betting focus on added value. They over tight spreads on the robust LCG platform. But as a client you also get access to their research platform, data, signals and analysis. This includes the Advisors Sentiment report that has been predicting market moves since 1963.
IG are the oldest and biggest spread betting firm. They are valued at around £3bn on the LSE. They have a wide range of trading tool and the largest market range. Their spreads are not the narrowest, but they make up for this by being the market leader.
InterTrader are owned by bwin.party who own mega brands such as Party Poker, Foxy Bingo and bwin bookies. They offers an exceptional welcome bonus of up to £10,000 and a generous rebate program for larger traders. The platform is a white label of Capital Spreads and they also offers access to MT4 through InterTrader Direct
Spreadex offer financial and sports spread betting from one account (the only firm to do so) and have a focus on customer support. Always a favourite for experienced traders, their spreads are competitive, but they are very good at making markets on the more obscure instruments and smaller cap shares.
Sporting Index are a sport spread betting bookie. They don’t offer financial spread betting, but make it into the list of top ten brokers because they are the sports spread betting market leaders. If you spread bet on the financial markets then take advantage of their £100 free bet welcome offer and have a punt on the races, football, tennis politics or pretty much any event you can think of.
CMC Markets don’t offer a welcome bonus but do offer a rebate program where bigger traders get cash back each month if they are above a certain amount. Their revamped trading platform has a good feel and they offer some very good analytic and client sentiment tools. They offer some very good spreads on the major indices and FX pairs.
LCG are well established, but going through some changes that “may” make them a better broker. They have an easy to use and clear trading platform, that many traders prefer. They also have arrangements in place with a few third parties and give their clients access to trading signals, market data and economic calendars.
City Index have just been bought by Gain Capital who run Forex.com. They are a well established broker than looks after big customers well. They will make price on almost any listed product if asked and have a lot of education tools and data services available to their customers.
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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.