Compare Top Financial Spread Betting Brokers

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 or risk and losses can exceed your deposits.

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ETX Capital

ETX Capital are one of the oldest spread betting brokers in the UK.  ETX was founded in 1965 as Monecor and remains a member of the London Stock exchange.  They offer tight spreads as low as 0.7 on EuroDollar and 0.9 on other FX pairs.  ETX has won some pretty decent awards including: Money AM Awards 2012 Best Online Charts. Investment Trends Award 2013 Best Value for Money and UK Forex Award 2013 Best Forex Trading Tool & Software.For new clients they offer a no deposit £20 to test their Pro, MT4 and Binary trading platforms.  For depositing clients it is possible to claim up to £3,750 as a welcome bonus (more info).

 

IG Spread Betting

IG are the largest spread betting broker in the world, by both market capitalization (they are listed on the LSE with a mkt cap of over £2.5bn) and active client base.  As such IG invest have one of the largest range of markets available through their trading platform and some of the best free trader tools available to clients you can test their platform by opening a demo account here.

 

 

Core Spreads

Core Spreads are one of the newest spread betting brokers in the UK.  Core Spreads objective to to provide the tightest spreads in the industry but offering an execution only platform (i.e. now news, analysis, or trader tools).  For spread bettors looking to reduce trading costs Core Spreads offer a simple, quick and easy to use trading platform find out more.  For new clients they also offer a 50% rebate on your first month’s trading costs (which is a bit like an uncapped welcome bonus (sort of)).

 

 

Spreadex

Spreadex are a nice old school spread betting broker located just outside London.  They tend to cater for more professional traders who value customer service above pricing.  As well as financial spread betting Spreadex also offer sport spread betting, fixed odds betting and binary betting.  So if you’re looking for a one stop shop to take care of your trading and gambling needs Spreadex may fit the bill.  They’ve been around since the 1990’s and have won a plethora of awards, most recently the Wealth and Financial International, Alternative Investment Awards 2016 (Best Spread Betting Provider – winner) and City of London Wealth Management Awards 2016 (Best Spread Betting Provider – winner).  Which is nice.  You’ll also find some excellent spread betting welcome offers for new clients, like iPads, Sonos, 5% profit top ups and so on.  Check out their promotions on their website for more info.

 

ayondo

ayondo are one of the more innovative spread betting brokers as they focus on offering social trading.  So you can basically copy other spread betting traders and make money when they make money.  They offer new clients £500 to switch accounts to drum up new business and offer traditional spread betting as well.  You can even set your margin limits to 100% if you want to trade on a non-leveraged basis and just take advantage of the tax breaks.  If you go to ayondo because of the social trading feature you can earn money by getting other traders to follow you or by choosing a winning trader to follow.  Obviously picking a winning trader to follow is just as hard as picking a winning stock!  Sign up with ayondo here.

 

Key features of spread betting

  • Tax free profits
  • Trade on margin
  • No stamp duty on stocks

How to choose a financial spread betting broker

There are a few key features to look at when switching or opening a spread betting account. These include:

  • Regulation
  • Spreads
  • Mobile Apps
  • Welcome Bonus
  • Market Range
  • Experience
  • Added Value
  • Credit Accounts
  • Social Trading

Your broker must be authorised and regulated by the FCA.

By ensuring your spread betting broker is fully authorised and regulated by the FCA some of your funds will be protected under the FSCS.  The FCA also requires spread betting brokers to report on a regular basis and have adequate compliance procedures in place to treat customers fairly.

Check how wide a brokers spreads are

Our spread betting broker comparison tables highlight how wide a companies spreads are.  This is important because it is a big cost to you as a trader.  The narrower a companies spreads are the lower your trading costs will be.  A spread is the difference between the price at which you can buy and sell a position.  So if you are a intraday trader who makes lots of trades this can have a bit impact on your profit and loss.

Check you can trade on the go

Most spread betting brokers will have multi platform and mobile and tablet apps for trading on the go.  As more volume goes through on mobile broker apps and mobile access ensures that you are always connected to the market to check prices and open and close positions.

When switching brokers take advantage of welcome offers.

New client offers are becoming more popular in the spread betting industry. Brokers use then entice new customers by offering a top up on initial deposits.  By taking advantage of a welcome bonus you will normally have to trade a certain amount before you can claim or withdraw the bonus funds.  It’s not free money as brokers don’t just give thousands of pounds away but if you put the volume through their accounts they will reward you with a bonus in the for a rebate of your trading costs.

Check what asset classes your broker covers

Some broker solely focus on one product like FX, others cover the entire market. Generally the bigger the broker the more stocks and asset you can trade.  The majority of spread betting activity is on the major stocks, FX pairs and indices, but by switching to a broker with better market coverage there will be no delay on putting a trade on an obscure stock or index if the opportunity presents itself.

Experience matters

The more established a spread betting broker the better they will be at dealing with customer issues.  The financial markets are vastly complex so having experienced brokers and customer service staff is vital to sorting trading errors and helping you navigate new products.

Go with a broker that offers added value

Most brokers offer pretty much the same access to the market.  By choosing a spread betting broker will lots off added value tools like live news, technical analysis and sentiment indicators you will get a better overview of the market and hopefully be better informed when you trade.

Does your broker offer credit

Some brokers offer credit accounts.  This means if you are a good client you can put a trade on without having any cash in your account.  You will have to fund the account, but by having a bit of credit it means you can put a trade on quickly without having to wait for funds to be added.

Following profitable traders through social trading

Social trading is bug business now.  It basically allows you to execute the same trades as the best customer of a specific broker.  If a broker allows social trading they will show th performance and trades of traders that make money.  You can then allocate a certain amount of capital to follow their real live positions.

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