Financial Spread Betting has gained considerable traction in the past few years and consequently, the number of such brokers has burgeoned considerably to the benefit of the market speculator. However, with mushrooming has come forth the problem of plenty, and it is often confusing and somewhat demanding to compare spread betting accounts and select the best one. After considerable deliberation, we have selected the best brokers on the basis of reputation, regulation (FCA-regulated) and other advantages.
Here is a short list (extensive list of spread betting accounts):
ETX Capital – One of the best brokers in the betting domain, ETX Capital provides its traders with access to over 5,000 markets. The firm will provides its traders with award-winning platforms, ETX Trader and ETX Trader PRO, which work seamlessly on mobiles and tablets too. The firm welcomes its new traders with a bonus of up to £6,000 and offers tight spreads at very low margins. ETX Capital is regulated by FCA (Financial Conduct Authority) and established in 2002.
Capital Spreads – Capital Spreads a highly reputed company, is known for offering tight spreads across a range of markets. The broker provides the award-winning trading platform, LCG, which is also compatible with phones and tablets. A welcome bonus of £100 in deposit or 10% top up bonus (up to £5,000) also provides its traders various ongoing incentives. Capital Spreads is regulated by FCA (Financial Conduct Authority) and established in 2003.
IG – IG Group is among the few spread betting companies listed on the London Stock Exchange and has a market cap of $2.51B. IG has offers traders a proprietary trading platform and provides access to over 10,000 markets along with extremely thin spreads. Traders can also take advantage of the innovative AutoChartist worth $49.95/month for free. IG Group is a stalwart in its domain and has maintained its strong credibility since its establishment in 1974. The firm is also regulated by the FCA.
City Index – City Index is another firm that has been around for quite some time now. Established in 1983 and regulated by the FCA, the broker covers thousands of markets with extremely low deposit rates starting at just 1%. The spread quotes are regularly updated to offer the best betting levels. The company has a proprietary trading platform which is also usable on phones and tablets and is considered a great option for the professional market participants.
Core Spreads – One of the newest entrants in the spread betting business is Core Spreads. The firm is new to, however is already receiving abundant positive coverage. The broker offers its new traders a welcome bonus of a whopping £10,000, which is significantly more than what its competitors are offering. Core Spreads uses the simple and intuitive Swan platform and offers extremely tight spreads (EUR/USD 0.7 points). Traders can also access the free demo platform with a single click. It is also regulated by the FCA.
In the event a broker is unable to provide tight spreads in a particular market, say commodities, you may wish to find a broker that will provide it. With the nature of spread betting and margins, it is imperative that the broker you select be regulated by the FCA and follows their strict guidelines. The brokerage should also have an excellent reputation and provide traders with top notch support. Unregulated spread betting accounts may put your deposited fund towards illegal use.
Please use caution when spread betting, as your money is at risk, and you may lose more than you initially invest