Compare Spread Betting Brokers (UK)

Showing 23 total brokers suitable for you.

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Platform

Regulator

Features

Account Type
pepperstone

Pepperstone

Spreads from
EURUSD:
0.6 Points
See all spreads

WHAT CAN YOU TRADE?
Forex:
Indices:
Stocks:
Cryptocurrencies:
Commodities:
ETFs:

About Pepperstone
Regulated by: Financial Conduct Authority, UK, BaFIN, SCB, DFSA and ASIC

Over 10 years in business
HQ in Australia
Additional Funding Methods: BPay, POLi, UnionPay, Skrill, Neteller

PLATFORMS
MT4:
MT5:
MT Web Trader:
Mobile App:

FUNDING METHODS
Credit cards:
Bank Transfer:
Paypal:

Open a demo account

See Deal

Avatrade

Spreads from
EURUSD:
0.70 Points
See all spreads

WHAT CAN YOU TRADE?
Forex:
Indices:
Stocks:
Cryptocurrencies:
Commodities:
ETFs:

About Avatrade
Regulated by: Central Bank of Ireland, ASIC, IIROC, FSA, FSB, UAE and BVI.

Established in 2006
HQ in Ireland.

Used by 200,000+ traders.

PLATFORMS
MT4:
MT5:
MT Web Trader:
Mobile App:

FUNDING METHODS
Credit cards:
Bank Transfer:
Paypal:

Open a demo account

See Deal

ThinkMarkets

Spreads from
EURUSD:
0.4 Points
See all spreads

WHAT CAN YOU TRADE?
Forex:
Indices:
Stocks:
Cryptocurrencies:
Commodities:
ETFs:

About ThinkMarkets
Regulated by: Financial Conduct Authority and ASIC.

Established in 2010
HQ in Australia.

500,000 ThinkMarkets users and traders

PLATFORMS
MT4:
MT5:
MT Web Trader:
Mobile App:

FUNDING METHODS
Credit cards:
Bank Transfer:
Paypal:

Open a demo account

See Deal

Markets.com

Spreads from
EURUSD:
0.6 Points
See all spreads

WHAT CAN YOU TRADE?
Forex:
Indices:
Stocks:
Cryptocurrencies:
Commodities:
ETFs:

About Markets.com

Established in 2008

PLATFORMS
MT4:
MT5:
MT Web Trader:
Mobile App:

FUNDING METHODS
Credit cards:
Bank Transfer:
Paypal:

Open a demo account

See Deal
axi axitrader

Axi

Spreads from
EURUSD:
0.1 Points
See all spreads

WHAT CAN YOU TRADE?
Forex:
Indices:
Stocks:
Cryptocurrencies:
Commodities:
ETFs:

About Axi
Regulated by: FCA, ASIC

Established in 2007

Used by 221,000+ traders

PLATFORMS
MT4:
MT5:
MT Web Trader:
Mobile App:

FUNDING METHODS
Credit cards:
Bank Transfer:
Paypal:

Open a demo account

See Deal
ForexVox

ForexVox

Spreads from
EURUSD:
1.0 Points
See all spreads

WHAT CAN YOU TRADE?
Forex:
Indices:
Stocks:
Cryptocurrencies:
Commodities:
ETFs:

About ForexVox
Regulated by: Financial Conduct Authority and Financial Services Authority of the Seychelles

Established in 2019
Clients of Seychelles entity can have leverage of up to 1000:1

PLATFORMS
MT4:
MT5:
MT Web Trader:
Mobile App:

FUNDING METHODS
Credit cards:
Bank Transfer:
Paypal:

Open a demo account

See Deal

IG

Spreads from
EURUSD:
0.60 Points
See all spreads

WHAT CAN YOU TRADE?
Forex:
Indices:
Stocks:
Cryptocurrencies:
Commodities:
ETFs:

About IG
Regulated by: Financial Conduct Authority and ASIC.

Established in 1974
HQ in GB.

Used by 178,000+ traders.

PLATFORMS
MT4:
MT5:
MT Web Trader:
Mobile App:

FUNDING METHODS
Credit cards:
Bank Transfer:
Paypal:

Open a demo account

See Deal
capital.com logo

Capital.com

Spreads from
EURUSD:
0.6 average spread Points
See all spreads

WHAT CAN YOU TRADE?
Forex:
Indices:
Stocks:
Cryptocurrencies:
Commodities:
ETFs:

About Capital.com
Group entities authorised and regulated locally by FCA, CySEC, ASIC and FSA
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.40% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

established in 2016
Offers Forex CFDs Index CFDs Stock CFDs Cryptocurrencies CFDs Commodities CFDs ETFs

over 500,000 registered clients and more than $530 billion traded in volume for capital.com group,

PLATFORMS
MT4:
MT5:
MT Web Trader:
Mobile App:

FUNDING METHODS
Credit cards:
Bank Transfer:
Paypal:

Open a demo account

See Deal

Admiral Markets

Spreads from
EURUSD:
0.7 Points
See all spreads

WHAT CAN YOU TRADE?
Forex:
Indices:
Stocks:
Cryptocurrencies:
Commodities:
ETFs:

About Admiral Markets
Regulated by: Financial Conduct Authority, CySEC, ASIC, Jordan Securities Commission (JSC) and FSCA in South Africa

Established in 2001
HQ in UK.

PLATFORMS
MT4:
MT5:
MT Web Trader:
Mobile App:

FUNDING METHODS
Credit cards:
Bank Transfer:
Paypal:

Open a demo account

See Deal

SpreadEx

Spreads from
EURUSD:
0.6 Points
See all spreads

WHAT CAN YOU TRADE?
Forex:
Indices:
Stocks:
Cryptocurrencies:
Commodities:
ETFs:

About SpreadEx
Regulated by: Financial Conduct Authority.

Established in 1999
HQ in UK.

PLATFORMS
MT4:
MT5:
MT Web Trader:
Mobile App:

FUNDING METHODS
Credit cards:
Bank Transfer:
Paypal:

Open a demo account

See Deal

Trade.com

Spreads from
EURUSD:
1.9 Points
See all spreads

WHAT CAN YOU TRADE?
Forex:
Indices:
Stocks:
Cryptocurrencies:
Commodities:
ETFs:

About Trade.com
Regulated by: CySEC, FCA, FSCM Mauritius and FSCA South Africa

Established in 2009
HQ in CY.

PLATFORMS
MT4:
MT5:
MT Web Trader:
Mobile App:

FUNDING METHODS
Credit cards:
Bank Transfer:
Paypal:

Open a demo account

See Deal

FXCM

Spreads from
EURUSD:
View Spreads Points
See all spreads

WHAT CAN YOU TRADE?
Forex:
Indices:
Stocks:
Cryptocurrencies:
Commodities:
ETFs:

About FXCM
FXCM is a leading provider of online foreign exchange (FX) trading, CFD trading and related services. Founded in 1999.
Forex Capital Markets Limited: FCA registration number 217689
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
* Cryptocurrency products are not available to retail clients residing in the UK.

FXCM EU LTD
CySEC license number 392/20 (www.fxcm.com/eu) CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 67% 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.

Established in 1999

PLATFORMS
MT4:
MT5:
MT Web Trader:
Mobile App:

FUNDING METHODS
Credit cards:
Bank Transfer:
Paypal:

Open a demo account

See Deal

FXPro

Spreads from
EURUSD:
1.2 Points
See all spreads

WHAT CAN YOU TRADE?
Forex:
Indices:
Stocks:
Cryptocurrencies:
Commodities:
ETFs:

About FXPro
Regulated by: Financial Conduct Authority, CySEC, FSCA and SCB.

Established in 2006
HQ in UK.

2million+ client accounts

PLATFORMS
MT4:
MT5:
MT Web Trader:
Mobile App:

FUNDING METHODS
Credit cards:
Bank Transfer:
Paypal:

Open a demo account

See Deal

InterTrader

Spreads from
EURUSD:
0.3 Points
See all spreads

WHAT CAN YOU TRADE?
Forex:
Indices:
Stocks:
Cryptocurrencies:
Commodities:
ETFs:

About InterTrader

Established in 2009

PLATFORMS
MT4:
MT5:
MT Web Trader:
Mobile App:

FUNDING METHODS
Credit cards:
Bank Transfer:
Paypal:

Open a demo account

See Deal

ATFX Global Markets

Spreads from
EURUSD:
1 Points
See all spreads

WHAT CAN YOU TRADE?
Forex:
Indices:
Stocks:
Cryptocurrencies:
Commodities:
ETFs:

About ATFX Global Markets

Established in 2014

Used by 2,000+ traders

PLATFORMS
MT4:
MT5:
MT Web Trader:
Mobile App:

FUNDING METHODS
Credit cards:
Bank Transfer:
Paypal:

Open a demo account

See Deal

Spread Co

Spreads from
EURUSD:
1.5 Points
See all spreads

WHAT CAN YOU TRADE?
Forex:
Indices:
Stocks:
Cryptocurrencies:
Commodities:
ETFs:

About Spread Co

Established in 2005

PLATFORMS
MT4:
MT5:
MT Web Trader:
Mobile App:

FUNDING METHODS
Credit cards:
Bank Transfer:
Paypal:

Open a demo account

See Deal

CMC Markets

Spreads from
EURUSD:
0.7 Points
See all spreads

WHAT CAN YOU TRADE?
Forex:
Indices:
Stocks:
Cryptocurrencies:
Commodities:
ETFs:

About CMC Markets

Established in 1989

PLATFORMS
MT4:
MT5:
MT Web Trader:
Mobile App:

FUNDING METHODS
Credit cards:
Bank Transfer:
Paypal:

Open a demo account

See Deal

ADSS

Spreads from
EURUSD:
0.7 Points
See all spreads

WHAT CAN YOU TRADE?
Forex:
Indices:
Stocks:
Cryptocurrencies:
Commodities:
ETFs:

About ADSS

PLATFORMS
MT4:
MT5:
MT Web Trader:
Mobile App:

FUNDING METHODS
Credit cards:
Bank Transfer:
Paypal:

Open a demo account

See Deal

CFI Markets

Spreads from
EURUSD:
0.6 Points
See all spreads

WHAT CAN YOU TRADE?
Forex:
Indices:
Stocks:
Cryptocurrencies:
Commodities:
ETFs:

About CFI Markets

Established in 1998

PLATFORMS
MT4:
MT5:
MT Web Trader:
Mobile App:

FUNDING METHODS
Credit cards:
Bank Transfer:
Paypal:

Open a demo account

See Deal

Oanda

Spreads from
EURUSD:
1.1 Points
See all spreads

WHAT CAN YOU TRADE?
Forex:
Indices:
Stocks:
Cryptocurrencies:
Commodities:
ETFs:

About Oanda

Established in 1996

Used by 23,000+ traders

PLATFORMS
MT4:
MT5:
MT Web Trader:
Mobile App:

FUNDING METHODS
Credit cards:
Bank Transfer:
Paypal:

Open a demo account

See Deal

London Capital Group

Spreads from
EURUSD:
1 Points
See all spreads

WHAT CAN YOU TRADE?
Forex:
Indices:
Stocks:
Cryptocurrencies:
Commodities:
ETFs:

About London Capital Group

Established in 1996

PLATFORMS
MT4:
MT5:
MT Web Trader:
Mobile App:

FUNDING METHODS
Credit cards:
Bank Transfer:
Paypal:

Open a demo account

See Deal

City Index

Spreads from
EURUSD:
0.50 Points
See all spreads

WHAT CAN YOU TRADE?
Forex:
Indices:
Stocks:
Cryptocurrencies:
Commodities:
ETFs:

About City Index

Established in the UK in 1983, City Index has since become one of the world leaders in spread betting, FX and CFD Trading. City Index traders today have access to more than 12,000 global markets, across forex, indices, shares and commodities.

PLATFORMS
MT4:
MT5:
MT Web Trader:
Mobile App:

FUNDING METHODS
Credit cards:
Bank Transfer:
Paypal:

Open a demo account

See Deal

Core Spreads

Spreads from
EURUSD:
0.70 Points
See all spreads

WHAT CAN YOU TRADE?
Forex:
Indices:
Stocks:
Cryptocurrencies:
Commodities:
ETFs:

About Core Spreads
Regulated by: Financial Conduct Authority.

Established in 2014

PLATFORMS
MT4:
MT5:
MT Web Trader:
Mobile App:

FUNDING METHODS
Credit cards:
Bank Transfer:
Paypal:

Open a demo account

See Deal

What Factors To Consider In Choosing Spread Betting Broker and Platform

Spread betting changed the way people speculated on the stock market. This novel style of trading allows a large audience previously unable to participate in big market changes to take a directed risk in the financial markets.

Although the contemporary notion of spread betting developed in the UK in the mid-1970s, when selling gold for speculative reasons was prohibited, it was inspired by the bucket shops of the early 1900s.

Stuart Wheeler, the founder of IG Markets, had the notion of allowing consumers to trade gold as an index, and the International Gold or IG Index began trading in 1975. It was the predecessor to all of today’s spread betting companies.

Speculators can trade bonds, commodities, cryptocurrencies, ETFs, stocks, forex currency pairs, and precious metals using a number of spread betting platforms and brokers available today. Spread bets are also made on futures and options markets, as well as the results of sporting events and political elections.

What Is Forex Spread Betting?         

Spread betting on the movement of a stock price or an index works similarly to spread betting on the movement of a currency pair. When spread betting on currency pairs, a rolling spot quotation implies the bet does not expire but is carried over for another session, which may include a minor rollover fee.

For example, a spread betting broker might quote a bid/offer of 1.1450/1.1451 for the EUR/USD currency pair.

A bet or stake of £5.00 for every pip, or $0.0001, that the Euro increases above 1.1451 could be made that would pay off with the EUR/USD rate anywhere above 1.1451 upon closeout.

If the currency pair’s exchange rate declines, the bettor would have to pay £5.00 for every pip the EUR/USD pair trades below 1.1451.

Accordingly, if the exchange rate rises as anticipated to end up at 1.1491/1.1492 when the bet is closed out, the gain would be:

(1.1491-1.1451)/0.0001 x £5.00 = + £200.00.

Conversely, if the exchange rate falls unexpectedly to end up at 1.1431/1.1432 upon closeout, the loss would be:

(1.1431-1.1451)/0.0001 x £5.00 = – £100.00

Compare Spread Prices

The most essential considerations when choosing a spread betting broker is the initial cost of placing a trade that is dependent on the “spread,” which is the difference between the bid (sell) and offer (buy) prices of the underlying asset quoted.

Brokers profit on the difference between the bid and offer spreads, thus they usually don’t charge a fee, and traders pay the spread to access the market they’re speculating in. Speculators would be better off picking a broker with narrow, competitive dealing spreads as a result.

The FTSE 100 daily spread is one point, while the Wall Street daily spread is 1.6 points, as specific instances of spreads at big brokers like AvaTrade and Pepperstone.

What Is Margin Trade Requirement?

The margin requirement for a spread bet is the amount a speculator must pay with a spread betting broker in order to open a spread bet, which is usually a fraction of the underlying asset’s value. Margin requirements for spread betting vary by broker and are usually determined by the underlying assets being traded.

Margin is determined as a percentage of the value of the underlying asset and can range from 2% to 50% depending on the liquidity and volatility of the market in question.

In order for you to find the margin amount, one needs to multiply the notional amount of the trade, which is the stake multiplied by the asset’s price, by the relevant margin percentage.

For example, if a trader wanted to place a £1 per point spread bet on Boeing and the current price of stock is 150p, the notional value of the transaction would be 150 * £1 = £150. As a result, the needed minimum deposit to initiate the trade is 20% of £150, or £30. However, to avoid margin calls, which would stop the deal if the price moved against them, a trader would need to deposit more than the minimum.

What is Broker’s Interest Charge?

The interest rate becomes an essential issue to consider for long-term trading. When you use a broker’s leverage, you’re borrowing money from the brokerage business to trade with.

Interest is levied on borrowed monies, and it may quickly add up. Depending on the asset and position selected, interest can either work in your favour or cut into your profits. Check the broker’s interest policy before proceeding. For long positions held overnight, for example, IG charges 2.5 percent plus the interbank rate.

Find If The Broker Is Regulated

When picking a spread betting broker, one of the most crucial elements to consider is regulation. When picking a spread betting broker, a trader’s money should be towards the top of their priority list, and excellent regulation helps to ensure this.

The FCA, or Financial Conduct Authority, should regulate reputable spread betting brokers in the United Kingdom. Brokers who are licenced by the FCA provide a level of protection for their clients’ funds. Most crucially, the FCA mandates that all spread betting businesses keep their clients’ funds separate from the company’s. Brokers are unable to withdraw customer cash or use them for operating expenditures as a result of this.

While the FCA permits spread betting brokers to advise clients on the best form of spread bet for them, the agency forbids spread betting businesses from providing financial advice to their customers. This implies that brokers are unable to advise clients on transactions, when to liquidate them, or when to benefit from them. If a business is providing this type of advise, be wary since it may be in violation of FCA regulations.

Spread Betting Platforms Compared For Broker Spreads and Tradeable Assets

Best UK’s Spread Betting Platform

Pepperstone’s Spread Betting Account, like AvaTrade’s, provides similar trading spreads, access to over 12,000 markets, and was named the UK’s Best Spread Betting Service in several awards.

AvaTrade also provides a downloadable platform called AvaGo for mobile traders, as well as Web Trader. According to a few UK publications, Pepperstone got the best prize for spread betting platform and the best spread betting app for mobile devices.

The popular MetaTrader 4 or MT4 online dealing platform for spread betting, which can be used to operate and develop Expert Advisors that trade automatically, as well as custom indicators, is also supported by Pepperstone, AvaTrade, Tiomarkets and a few others.

Summary

Finding the right spread betting broker for your needs from the various spread betting brokers and platforms accessible is a crucial step.

When choosing a broker, one should look at things like spreads, margin requirements, regulatory status, reputation, account kinds, and tradeable assets.

Click here to discover a list of spread betting businesses that accept UK clients, are regulated in the UK, and provide a wide selection of financial instruments to bet on.

FAQ

Most frequent questions and answers

Spread betting allows traders and investors in the United Kingdom to wager on the direction of a financial asset without actually owning it. You will profit if you bet that a financial market will rise and the price ends up higher than the price at which you made the bet. Otherwise, you will lose money on that bet. Spread betting allows UK investors to bet on an asset’s value falling. If the market value falls below where you shorted, you will profit on this trade, also known as short selling. You will lose money if the price is higher than the price at which you shorted. Traders that engage in spread betting wager in GBP per pip, point, or tick, depending on the market on which they are betting. Read more

In Forex spread betting you wager on the rate of exchange between two currencies. Read more about it here

Financial spread betting involves betting on whether the price of a financial instrument (index, stock, bond or commodity will rise or fall. Read more

The differences involve tax implications, the contract size Read more