0.6 Points
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TradingView:
Regulated by: Financial Conduct Authority, UK, BaFIN, SCB, DFSA and ASIC
HQ in Australia
Additional Funding Methods: BPay, POLi, UnionPay, Skrill, Neteller
0.70 Points
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cTrader:
TradingView:
Regulated by: Central Bank of Ireland, ASIC, IIROC, FSA, FSB, UAE and BVI.
HQ in Ireland.
0.4 Points
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TradingView:
Regulated by: Financial Conduct Authority and ASIC.
HQ in Australia.
0.1 Points
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cTrader:
TradingView:
Regulated by: FCA, ASIC
0.6 Points
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TradingView:
1.0 Points
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cTrader:
TradingView:
Regulated by: Financial Conduct Authority and Financial Services Authority of the Seychelles
Clients of Seychelles entity can have leverage of up to 1000:1
0.60 Points
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TradingView:
Regulated by: Financial Conduct Authority and ASIC.
HQ in GB.
0.6 average spread Points
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TradingView:
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.
Offers Forex CFDs Index CFDs Stock CFDs Cryptocurrencies CFDs Commodities CFDs ETFs
0.7 Points
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TradingView:
Regulated by: Financial Conduct Authority, CySEC, ASIC, Jordan Securities Commission (JSC) and FSCA in South Africa
HQ in UK.
0.6 Points
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TradingView:
Regulated by: Financial Conduct Authority.
HQ in UK.
1.9 Points
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TradingView:
Regulated by: CySEC, FCA, FSCM Mauritius and FSCA South Africa
HQ in CY.
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TradingView:
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.
1.2 Points
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cTrader:
TradingView:
Regulated by: Financial Conduct Authority, CySEC, FSCA and SCB.
HQ in UK.
0.3 Points
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cTrader:
TradingView:
1 Points
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TradingView:
1.5 Points
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TradingView:
0.7 Points
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MT5:
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cTrader:
TradingView:
0.7 Points
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cTrader:
TradingView:
0.6 Points
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MT5:
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cTrader:
TradingView:
1.1 Points
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TradingView:
1 Points
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TradingView:
0.50 Points
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cTrader:
TradingView:
0.70 Points
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TradingView:
Regulated by: Financial Conduct Authority.
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Platform
Spreads from
EURUSD:
0.6 Points
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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:
Spreads from
EURUSD:
0.70 Points
See all spreads
WHAT CAN YOU TRADE?
Forex:
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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:
Spreads from
EURUSD:
0.4 Points
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Forex:
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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:
Spreads from
EURUSD:
0.1 Points
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Forex:
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About Axi
Regulated by: FCA, ASIC
Established in 2007
Used by 221,000+ traders
PLATFORMS
MT4:
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MT Web Trader:
Mobile App:
FUNDING METHODS
Credit cards:
Bank Transfer:
Paypal:
Spreads from
EURUSD:
0.6 Points
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About Markets.com
Established in 2008
PLATFORMS
MT4:
MT5:
MT Web Trader:
Mobile App:
FUNDING METHODS
Credit cards:
Bank Transfer:
Paypal:
Spreads from
EURUSD:
1.0 Points
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Forex:
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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:
Spreads from
EURUSD:
0.60 Points
See all spreads
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Forex:
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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:
Spreads from
EURUSD:
0.6 average spread Points
See all spreads
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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:
Spreads from
EURUSD:
0.7 Points
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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:
Spreads from
EURUSD:
1.9 Points
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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:
Spreads from
EURUSD:
View Spreads Points
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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:
Spreads from
EURUSD:
1.2 Points
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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:
Spreads from
EURUSD:
1 Points
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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:
Spreads from
EURUSD:
0.7 Points
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About CMC Markets
Established in 1989
PLATFORMS
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FUNDING METHODS
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Spreads from
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0.7 Points
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About ADSS
PLATFORMS
MT4:
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Mobile App:
FUNDING METHODS
Credit cards:
Bank Transfer:
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Spreads from
EURUSD:
1.1 Points
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About Oanda
Established in 1996
Used by 23,000+ traders
PLATFORMS
MT4:
MT5:
MT Web Trader:
Mobile App:
FUNDING METHODS
Credit cards:
Bank Transfer:
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Spreads from
EURUSD:
1 Points
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About London Capital Group
Established in 1996
PLATFORMS
MT4:
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FUNDING METHODS
Credit cards:
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Spreads from
EURUSD:
0.50 Points
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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.
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MT4:
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What Factors To Consider When You Compare Spread Betting Brokers
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. In the following lines and paragraphs we will give you a brief introduction to spread betting and what information you can consider when you compare spread betting brokers in order to find the one which best suits your trading needs.
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.
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 Betting Broker’s Spreads
The most essential considerations when you compare spread betting brokers 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 the Spread Betting 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. Therefore it’s important to consider the overnight rates which your broker may charge you when you do spread betting.
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.
Is The Spread Betting Broker Regulated?
When you pick and compare spread betting brokers, 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.
FAQ
Most frequent questions and answers
When you trade FX, you wager on the rate of exchange between two currencies. For example, if you bet on EUR/USD going up (buy), you’re betting on the euro’’s value versus the US dollar increasing. As a result, if the EUR/USD rate rises, you will profit; if it falls, you will lose. When you short sell EUR/USD, you’re wagering that the Euro will lose value against the US dollar. Read More
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