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.

Best spread betting platforms for beginners

Best Spread Betting Platforms For Beginners
Explore the best spread betting platforms for beginners in 2022. Compare best spread betting brokers for beginners.

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For beginners it is not easy to understand the criteria which they need to keep in mind when selecting a spread betting platform. In this article we are going to explore some of the best spread betting platforms for beginners, including FX and Financial spread betting platforms. You can check the differences and similarities between spread betting and cfd trading here.

Best Spread Betting Platforms For Beginners

What should beginner traders look for in a spread betting platform and broker?

Trust and Regulation

Trusting your spread betting brokerage is important, consider brokers which are regulated by top regulators. FCA regulated brokers keep client funds segregated from their company funds. Should a broker become insolvent, the FSCS (Financial Services Compensation Scheme) protects clients in case of a shortfall in the client funds. They cover up to 85,000GBP per trader. Some brokers purchase additional insurance for clients, where in case of broker default, clients are covered for up to 1million GBP.

Customer service

Is customer assistance available 24 hours a day, seven days a week, or 24 hours a day, five days a week? Are they reachable by phone, chat, or email? Some brokers provide clients with personal account managers. These account managers can serve as the client’s point of contact, resolving any difficulties and maintaining a positive connection. Some brokers also provide assistance in a variety of languages.

Platforms

The industry-standard Metatrader 4 and Metatrader 5 platforms are available from the majority of spread betting firms. You can check out our MT4 vs MT5 comparison here. Some even provide platforms that are exclusive to them. It’s crucial to consider whether the platform is simple to learn and whether it’s available on a desktop, mobile device, or web browser.

Educational materials and trading tools

Examine whether the broker provides educational materials for traders of various skill levels. Market analysis is a service provided by some spread betting companies to help traders discover trading opportunities. They also offer webinars to teach new traders how to trade. They can also provide other tools such as analyst reports, signal services, and other similar services.

Markets offered

You have access to a certain amount of markets and symbols. These include FX, Shares, Indices, Commodities etc. Larger spread betting companies are usually able to provide more. Figure out which market you want to trade and pick a broker which offers it.

Funding methods

What options do you have for funding your spread betting account? Are they fast and easy to use?

Best Spread Betting Platforms for Beginners in 2022

Markets.com

markets.com

Established in 2008, Markets.com gathered momentum to become one of the leading FX, CFDs and Spread Betting brokers. Regulated by the Financial Conduct Authority (FCA), CySEC and Australian Securities and Investments Commission (ASIC), they keep client money segregated from their company funds. Spread Betting clients in the UK are trading with Markets.com UK entity and further to their funds being segregated, they are also covered by the FSCS. Markets.com have also purchased additional insurance which covers their clients for up to 1million GBP in the event of broker default.

This makes them one of the best brokers in terms of safety of client funds and particularly attractive for high net worth spread betting traders who might want to deposit bigger sums.

Markets.com offer support in 8+ languages including English, Spanish, Chinese and Arabic. You can contact them via email, phone, and chat. They offer support 24/5.

In terms of platforms, Markets.com offer both MT4 and MT5. They also offer their unique platform called MarketsX– another popular platform with retail traders. Spread betting customers should keep in mind that Markets.com offer spread betting only on their MarketsX platform.

Markets.com has an educational section on its website known as the knowledge center. They also have trading guides and hold regular webinars to help spread betting traders learn about markets. Markets.com also have in house market analysts who post market analysis daily. Trading tools such as: blogger opinions, hedge fund sentiment, insider trades, analyst recommendations and many more are available to Markets.com customers.

In terms of symbols offered when you spread bet with Markets.com, you can access over 200 symbols across the following markets: Forex, Commodities, Stocks, ETFs, Bonds, and Indices.

Popular funding methods that are available with Markets.com include: Credit/Debit cards, Bank Transfer, Paypal and Skrill/Neteller.

VISIT MARKETS.COM MARKETS.COM REVIEW

FXCM

FXCM Logo

FXCM was established in 1999 and since then it has gathered momentum to become one of the leading FX, CFDs and Spread Betting brokers. Regulated by the Financial Conduct Authority (FCA), and CySEC, they keep client money segregated from their company funds. Spread Betting clients in the UK are trading with FXCM UK and further to their funds being segregated, they are also covered by the Financial Services Compensation Scheme (FSCS).

FXCM offer support in 10+ languages including English, Spanish, Chinese and Arabic. You can contact them via email, phone, and chat. They offer support 24/5.

In terms of platforms, FXCM offer MT4, the leading trading platform from Metaquotes. They also offer their unique platform called Trading Station – one of the best spread betting platforms for beginners. NinjaTrader is also an option for FXCM clients. Their platforms have web, desktop, and mobile versions.

FXCM has an educational section on its website with sections on trading forex and different asset classes. They also have trading guides and hold regular webinars to help spread betting traders learn about markets. FXCM also have in house market analysts who post market analysis daily.

In terms of markets and symbols offered when you spread bet with FXCM, you can access over 90 symbols across the following markets: Forex, Stocks, Commodities, and Indices. This is where their offering on spread betting isn’t that good, as other provider offer more markets.

Popular funding methods that are available with FXCM include: Credit/Debit cards and Bank Transfer.

VISIT FXCM FXCM REVIEW

Pepperstone

Pepperstone logo

Launched in 2010, Pepperstone gathered momentum to become one of the most respected FX, CFDs and Spread Betting brokers. Trusted by more than 90,000 clients and regulated by the Financial Conduct Authority (FCA) and Australian Securities and Investments Commission (ASIC), they keep client money segregated from their company funds. Spread Betting clients in the UK are trading with Pepperstone UK and further to their funds being segregated, they are also covered by the Financial Services Compensation Scheme (FSCS). Thus, in terms of trust, regulation and experience they are one of the best spread betting platforms for beginners in the UK.

Pepperstone offer support in 8+ languages including English, Spanish, Chinese and Arabic. You can contact them via email, phone, whatsapp and chat. They offer support 24/5.

In terms of platforms, Pepperstone offer both MT4 and MT5, the two mainstream trading platforms from Metaquotes. They also offer cTrader platform – another popular platform with retail traders. Metatrader platforms have web, desktop, and mobile versions.

Pepperstone has an educational section on its website with sections on trading forex and shares. They also have trading guides and hold regular webinars to help spread betting traders learn about markets. Pepperstone also have in house market analysts who post market analysis daily. Trading tools in the form of apps (Expert Advisers EAs) for MT4 and MT5 are available. Also, industry leading Autochartist tool can help traders to pick trading opportunities.

In terms of markets and symbols offered, you can access over 1200 symbols across the following markets: Forex, Commodities, Indices, Stocks and Cryptos.

Popular funding methods that are available with Pepperstone include: Credit/Debit cards, Bank Transfer, Paypal and Skrill/Neteller.

VISIT PEPPERSTONE PEPPERSTONE REVIEW

ThinkMarkets

ThinkMarkets Logo

Established in 2010, ThinkMarkets gathered momentum to become one of the leading FX, CFDs and Spread Betting brokers. Regulated by the FCA, FSCA and ASIC, they keep client money segregated from their company funds. Spread Betting clients in the UK are trading with ThinkMarkets UK and further to their funds being segregated, they are also covered by the FSCS. ThinkMarkets have also purchased additional insurance which covers their clients for up to 1million GBP in the event of broker default. This makes them one of the top spread betting brokers in terms of safety of client funds and particularly attractive for high net worth spread betting traders who might want to deposit bigger sums.

ThinkMarkets offer support in 8+ languages including English, Spanish, Chinese and Arabic. You can contact them via email, phone and chat. They offer support 24/7.

In terms of platforms, ThinkMarkets offer both MT4 and MT5. They also offer their unique platform called ThinkTrader– another popular platform with retail traders.

ThinkMarkets has an educational section on its website with sections on trading forex and different asset classes. They also have trading guides and hold regular webinars to help spread betting traders learn about markets. ThinkMarkets also have in house market analysts who post market analysis daily. Trading tools in the form of apps (Expert Advisers EAs) for MT4 and MT5 are available. Also, industry leading Autochartist tool can help traders to pick trading opportunities.

In terms of symbols offered when you spread bet with ThinkMarkets, you can access over 30 symbols across the following markets: Forex, Commodities, and Indices. If you want more symbols, you can try their CFD account which has more than 1000 symbols.

Popular funding methods that are available with ThinkMarkets include: Credit/Debit cards, Bank Transfer and Skrill/Neteller.

VISIT THINKMARKETS THINKMARKETS REVIEW

IG

IG Logo

IG was established in 1974 and since then it has gathered momentum to become one of the leading FX, CFDs and Spread Betting brokers. Regulated by the Financial Conduct Authority (FCA), Financial Sector Conduct Authority (FSCA) and Australian Securities and Investments Commission (ASIC), they keep client money segregated from their company funds. Spread Betting clients in the UK are trading with IG UK and further to their funds being segregated, they are also covered by the Financial Services Compensation Scheme (FSCS).

IG offer support in many languages including English, Spanish, German and Portuguese. You can contact them via email, phone, and chat. They offer support 24/7.

In terms of platforms, IG offer MT4, one of the mainstream trading platforms from Metaquotes. They also offer their unique platform which is one of the best spread betting platforms for beginners. Their platforms have web, desktop, and mobile versions.

IG has an educational section on its website with sections on trading forex and different asset classes. They also have trading guides and hold regular webinars to help spread betting traders learn about markets. They focus on interactive education with online trading courses and IG Academy. IG also have in house market analysts who post market analysis daily. Trading tools in the form of apps (Expert Advisers EAs) for MT4 are available. Trading signals and Pro-real time charts are at your disposal as well.

Finally in terms of markets and symbols offered when you spread bet with IG, you can access

over 17000 symbols across the following markets: Forex, Stocks, ETFs, Commodities, and Indices.

VISIT IG IG REVIEW

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More To Explore

What are you looking for in a broker?

Select the ‘must-have’ features or requirements that are important to you

Mobile Trading

Trade on Margin

Direct Market Access

Offers US Stocks

Accept Paypal

Offers UK Stocks

Offers MT4

Allows Scalping

Copy Trading

Accepts Credit Card

Allows Hedging

ECN or STP Execution

Offers Altcoins

Offers Crypto Crosses

Fixed Spreads

Variable Spreads

Offers Demo Account

Professional Status

VPS Trading

Zero Spread Account

Mobile Trading

Trade on Margin

Direct Market Access

Offers US Stocks

Accept Paypal

Offers UK Stocks

Offers MT4

Allows Scalping

Copy Trading

Accepts Credit Card

Allows Hedging

ECN or STP Execution

Offers Altcoins

Offers Crypto Crosses

Fixed Spreads

Variable Spreads

Offers Demo Account

Professional Status

BIGINNER

VPS Trading

Zero Spread Account

How experienced are you at trading?

Select the ‘must-have’ features or requirements that are important to you

beginner

Intermediate

EXPERT