Top Spread Betting Brokers for 2022

We found 11 online brokers that are appropriate for Trading Spread Betting.

Best Spread Betting Brokers Guide

Updated December 02, 2022

Spread Betting Brokers

Spread betting brokers provide a service for the client to set up a particular deposit into an account. Clients can make a single trade from their accounts with the brokerage firm at any time throughout the day. Once the trade is closed, the broker deposits the client's winning bet into their bank account. These accounts are separate from the trader's funds, so the risk of losing the money is minimised.

Most spread betting brokers UK will also offer a free initial training session in which you can learn about the various strategies and methods used to generate profits. However, do not rely solely on the free information offered by these spread betting brokers UK. Instead, spend some time reviewing the books and information provided, becoming familiar with the software used by the broker, and consulting other traders to get a better understanding of market trends.

Spread betting is considered a revolution among traders and spread betting brokers play important roles in helping traders with the perfect speculation on various trading platforms in the financial markets.

Started in the 1970s in the United Kingdom, spread betting is a unique format of trading facilities in which the risk is directional and available for a wide audience who were earlier not able to take part in major market moves.

What Is Spread Betting?

It is all about speculating on a market or product and how it will turn out, without owning the market or product. How much you get as winning will be based on whether the underlying asset decreases or increases.

Think of it as speculating on a major financial instrument and predicting it will increase by a certain amount within a specific timeframe. You then open a position (spread betting) on that asset, and when it increases, congratulations. But when the price goes down, you can start counting your losses.

You do not only make money when the price goes up. It is also possible that the price will go down, and when that eventually happens, you make profits. In that case, if the price decides to go the other way, your losses will be staring you in the face.

How Does Forex Spread Betting Differ From Financial Spread Betting

While financial spread betting happens to be associated with whether the prices of financial products increase or decrease, Forex spread betting is concerned with the buying and selling of a particular currency in exchange for another one.

Some individuals prefer spread betting since they do not have to own the product before they can partake in it. The early traders were more comfortable with this option.

Some others prefer Forex spread betting because of the advantage of completing a trade with leverage. Leverage involves borrowing more funds from brokers or investors to execute the exchange.

The Major Differences Between Forex Spread Betting And Financial Spread Betting

Forex spread betting is limited to currency-related trades, as well as foreign exchange. Financial spread betting on the other hand lets you speculate on many other items, thereby providing you with a wider market.

Forex spread betting lets you work with the exchange platforms directly. This is not possible with financial spread betting.

Financial spread betting is not taxed in certain quarters, depending on your trading location. A good example is in the UK where you are not taxed when you place bets. You can find out documentation about your location to know if the same thing is applicable.

Forex spread betting gives you the opportunity to borrow more money from investors, in the name of leverage.

Spread betting is an increasingly popular derivative instrument for traders and investors worldwide who seek to take advantage of price changes of underlying securities, such as stocks, currencies, commodities, and indices. A flexible form of investing in spread betting enables investors to speculate on both bearish and bullish price moves (in either direction), taking both long and short positions, respectively. Spreads are realised on each side of the trade; therefore, the trader is not purchasing the actual product (shares) they are trading but rather buying the option to buy or sell the certain underlying security.

How Does Spread Betting Work?

Spread betting is a simple and easy method for traders and investors who wish to profit from volatility in the underlying market without needing to own the actual product. By using leverage and leveraging on selling, the trader or investor can leverage their position. It allows them to gain access to large positions without the actual need to open new accounts. In most cases, spread betting can be tax-free derivatives, which means traders can benefit regardless of winning or losing.

To start spread betting, a trader will need to open a margin account where they can deposit a sum of money. The maximum amount of leverage depends on the minimum deposit that traders wish to use. In most cases, traders can start using this type of leverage by opening a margin account with a broker. Once the trader has deposited into their margin account, he will trade in the markets using it.

What Is Margin When Spread Betting?

Spread betting is an easy derivative product that you can use to bet on financial markets like stocks, indices, futures, or currencies without actually owning the underlying instrument. Instead, you are only putting up a wager on whether you believe that the market price will move up or down. It allows you to place trades that will only pay off if the market moves in your favour. It is recommended that you start by educating yourself about the leveraged derivative products to use your spread betting account the best. Spread betting operates very similarly to leveraged derivatives, where you are trading large amounts of money and only paying out small margins for the trades.

Spread betting utilises leverage; therefore, you are not taking ownership of any commodity or stock when spread betting. Instead, your initial deposit represents the initial amount that you have invested in your spread betting account. The more money that you are willing to lose, the larger your initial deposit. With this said, it is important to keep in mind that you will have to face some losses along the way. You are simply using leverage; therefore, your losses will also decrease as you increase your leverage.

In general terms, a margin requirement would be defined as the amount by which a broker is willing to allow you to borrow funds. This number is usually stipulated in the brokerage contract. There are diverse types of spreads; however, the most commonly used are cash, and equity spread betting. If you are interested in a particular type of spread, you will need to study your broker's requirements to meet their margin requirements. Diverse types of spreads require varying margins.

How Spread Betting Companies UK Earn Their Revenue

Spread betting has become a lucrative business for spread betting brokers, with quite a lot of companies that exist just to offer spread betting services. Being a service with unique benefits for traders in terms of lucrativeness, spread betting brokerages also have a handful of sources through which they earn their revenue. The moneymakers for spread betting brokers UK can be divided into three major areas.

The Spread

The most direct way in which UK spread betting brokers earn their revenue is via considering a spread to the odds they quote to customers. If a spread betting broker quotes a market at 99-102, the 3 points in between make for the profit portion that directly goes to the bet broker, with no additional transaction fees and commissions. This makes for the commission element for the broker instead of enacting a percentage on the transaction. That enables traders to compare the rate they are paying their broker to be able to trade on their offered platform.

The Interest

Another way brokers earn their interest is by banking on the interest on trader deposits. The best spread betting brokers UK do not have to pay interest on customer funds, and resultantly, gain a lot of interest through that. This is especially when customer accounts are intended to bear significant levels of interest, the increasing total of deposits can often grow into millions for brokers. This produces significant revenue from interest payments. This is, in a way, free money for brokers.

Spread betting forex brokers have come up with various strategies for earning revenue from their customers, some indirectly and some directly. All this revenue, when amassed, makes spread betting a profitable industry and a valuable market in which an infinite number of new companies attempt to breakthrough.

The Markets

Yet another way spread betting firms earn money is by taking market positions in contrast to specific trades, opposing trading positions in the markets to capitalise on errant trades. This can be a perilous revenue generation method, but focusing on the model that most trades and traders will lose can influence their capital spending power to deliver substantial deals besides their profits via trade.

Benefits Of Spread Betting Trading

These misconceptions may prevent investors from realizing their full profit potential and ultimately prevent them from becoming successful in the lucrative currency trading market. One of these misconceptions is that it is illegal to trade spread stakes. The truth is, while there are no actual monetary penalties for using leverage in Forex trading, investors can be subject to certain laws and regulations by various authorities.

One of the main benefits of spread betting is that investors can trade with leverage without the fear of losing money rapidly. Leverage in this context refers to the extra money an investor has access to when they execute a trade. In most cases, this means that the trader will make more profits per share by using smaller amounts of money than they would if they were investing in the traditional share market. By using leverage, you can also decrease your risk of investing in shares on wild swings in the market. For example, if you find that a particular stock is experiencing a great rise, you can cut your exposure by trading the negative side of the share.

Spread betting can best be used as part of a diversified portfolio, which means that an investor will gain a sizable number of returns from one or a few different investments. Unlike traditional investing, one or two specific investments are likely to provide the best binary options returns. Because of this, investors can use spreads to diversify their portfolios and lower their risk without reducing returns.

Modern Spread Betting

Today, there are several spread betting brokers and with their help, you can choose to trade in commodities, bonds, cryptocurrencies, equities, Forex currency pairs, and cryptocurrencies.

Some of the best spread betting brokers in the industry are those who understand MT4 spread betting (the best spread betting platform) and the financial markets better than most of the experts and experienced traders in the financial market. They can easily guide traders to take a risk, inform you with perfection about the major market moves and help in spreading betting tax too.

How To Choose A Spread Betting Broker

The million-dollar question would arise, how to choose the best spread betting broker for you.

The first thing to take note of here, while selecting from the list of spread betting companies is to check whether it is regulated with regulatory Financial Conduct.

Authority (commonly known as the FCA). Regulation means your investment has a level of protection.

Next check whether the broker is using the MT4 spread betting platform. Look for a broker that offers the MT4 spread betting software as it is the most popular and most successful one, used by tens of thousands of traders around the world.

Check your broker has a wide range of investment diversification. This diversifies risk and maximizes your investment opportunities. Make sure your spread betting broker offers MT4 spread betting on a wide range of indices, equities, commodities, and Forex.

Is Your Money Safe With Spread Betting?

The best forex spread betting brokers will take extreme care in making sure your money is safe. Regulation protects clients’ funds from the broker becoming insolvent. All attempts are taken to make trading safe for both clients as well as dealers. Take note here that all of the top spread betting brokers will always act quickly and work with you to resolve any issues.

Spread Betting Brokers Regulation

While choosing the spread betting brokers it is suggested to check for the proper regulations. Check for strict local regulation or regulation in a major EU economy like the UK or Germany. In the United Kingdom, the Financial Conduct Authority (FCA) regulates spread betting brokers to protect the funds of clients.

Regulated spread betting brokers are required to keep funds of clients separate from their own. This prevents the spread betting brokers from withdrawing the money of traders or using utilizing it for the firm's operational expenses.

Spread betting brokers in the UK are not allowed to offer traders financial advice. They can only advise on a suitable spread bet. So, they cannot recommend either when to liquidate or when to reap a profit.

If spread betting brokers are found offering financial advice, it means they are not following the FCA guidelines.

Spread Betting Brokers & Interest Charges

If you are a long-term trader, you can benefit from leverages that spread betting brokers offer. In a simple definition, it means the brokerage firm lends you capital for trading.

There will be some interest charged on the borrowed capital and it may either be in your favour or else slash down your profit. So, it is suggested to take a deeper look at the interest policy of the spread betting brokers.

Spread Betting Brokers & Market Diversification

The deep knowledge and expertise of spread betting brokers play important roles in maximizing opportunities and diversifying the risk of traders. However, brokerage firms need to provide spread betting on Forex currency pairs, commodities, equities, indices, and more.

While choosing spread betting brokers it is important to check how good they are in their customer service. This is a crucial factor and the broker, or any representative should always be available to serve you. The availability is more required when you quickly need to withdraw from a position or if the trading platform goes down while you are trading.

How Are Spread Betting And CFDs Different?

Spread betting offers a particular business strategy that allows traders to place bets on whether the value of a product or commodity will go up or down. This practice does not include buying and/or selling the underlying asset, hence the gains are not liable to tax.

CFDs, in contrast, work as financial derivatives of various financial tools. When a trader trades CFDs, they are buying and selling contracts representing the price and value of certain financial tools without owning the underlying product.

Spread betting and CFDs are quite similar in many ways, one being that both offer access to leverage. Both Spread betting and CFDs are derivatives of financial tools. Ultimately, neither of them involves the trader owning the underlying asset.

When it comes to differences, both differ considerably in terms of tax treatment, granted the gains are not subject to capital gains taxes.

The Importance Of Tight Spreads In Spread Betting

The spread in spread betting is merely the contrast between the buying and selling price of an asset. For instance, if the buying price of an asset is 134.6, while the selling price was 135.4, the 0.8 difference in the prices is known as the spread.

To make profits while spread betting, the underlying amount must exceed the spread amount. The stock prices should move by a minimum of the same spread points for the trader to be able to make a profit. For example, to profit from a two-point spread, the asset point must move by at least two points at the point the trader closes their position.

Tight spreads are extremely crucial during such small movements in the prices and value. They help make profits from minute movements in the prices and values of an asset.

Avoiding Currency Risk When Liquidating

It is important for there to be no currency risk during a trader’s positions when they are spread betting with securities dominated by foreign currencies. That is because when the value of the USD goes up or down, the loss or profit obtained from that spread must seize the percentage loss or profit on the primary currency pair. It should also be in that percentage in US dollars.

For example, if a trader based in the US happens to speculate a £1 movement on a particular UK asset worth £10 for every share and they place a 0.05 USD per £1 and the securities market goes up to £15 during the closing time, the profit must be 50% despite the exchange rate between pound and dollars.

Day Trading Through Spread Betting

Below are some guidelines to follow to benefit from day trading through spread betting:

Keep Following The Trends

For this strategy, you must go with the market trend and then learn the right time to exit. For example, a chart going downwards will continue going down. This movement tends to last for some time before shifting again. At that moment, you can sell your assets.

Irregular-appearing charts such as zig-zag-shaped ones are tricky to predict, hence you should wait until the chart becomes regular before going anything. Sticking closer to liquid assets like the major indices and FX pairs is the best way to make profits.

Risk Management Via Limits And Stops

Spread betting calls for an understanding of what exactly reasonable price movements are to create benchmarks determining when to enter or get out. Establish an amount you are prepared to lose for every trade you conduct. Stick with your established limits and utilize stops to cut losing positions.

Opening Diverse Positions

Successful traders take their time to analyze and sample a vast variety of trends and charts. This helps in determining some of the trends that exist during trading. It also offers a set of diverse open positions to work with, e.g., commodities, stocks, FX, and indices.

After you find good open positions to work with, it will become simpler for you to find out what transpires as far as losses and profits are concerned. After that, you can learn when to close positions since that is the most crucial step. You can profit a great deal by figuring out when to close the right position at the right time.

Does Spread Betting Count As Gambling

Whether spread betting counts as gambling or not is, to some extent, subjective. At the end of the day, in spread betting, the trader risks money to gain money. Even though the profits obtained via spread betting are seen as gambling winnings that are free of tax, the entire industry is monitored by the FCA, not the Gambling Commission. This shows that spread betting online is closer to trading as compared to gambling.

The Financial Stability Of Spread Betting Brokers

The spread betting broker a trader uses must be financially sound. Before you create an account, be sure to do some thorough research into the company, since there have been examples of spread betting firms becoming insolvent, with traders struggling to get their money back.

A straightforward way to keep track of a company’s financial status is to choose brokers that have traded on the LSE (or the London Stock Exchange). Public companies are required to yield financial reports frequently. The market capitalization and share price of a company also help determine whether a company is going bankrupt.

In case a broker is not on the Stock Exchange, check their accounts on government agencies like Companies House. If you are trading via a white label, it is crucial to check the balance sheet you are using, i.e., the underlying provider or the brand.

Also ensure that your broker is regulated by the FCA and backed by the FSCS.

What You Should Consider Before Choosing A Spread Betting Broker

Trust

Not all brokers are to be trusted. Before placing any bet with any broker, ensure they are the trustworthy type. Do your due diligence to make sure the broker has not had trust issues with clients in the past. This is extremely important because you may want to stake a huge amount of your funds in a certain market.

Experience

Has the broker been operating for a while? Are they particularly experienced in the market you intend to speculate on? These and so many questions are things you need to find answers to.

Costs

One way to influence your profits is by making sure you do not pay prohibitive costs for transactions. This is where you need to be aware of how much the broker may be charging a commission. You can start by considering the spread (difference between bid & ask prices). Brokers normally charge when you place a bet and when you are closing a bet. The lowest spread brokers are what will help you in your quest for success.

Customer Service

Choosing to work with a spread betting broker with a bad customer service reputation is similar to shooting yourself in the foot. You may need to be in touch with your broker anytime during the day, so you must choose a broker that can deliver remarkably in this regard.

Tradable Assets

Find out the number of markets the broker you intend to patronize are into. Find out if they offer both Forex and financial spread betting.

Regulation

Do not patronize any broker that is not regulated. Doing that will be at your peril. Regulated brokers are the best. They will be regulated by the authority in charge of their location. Their financial history should not be questionable as well.

Markets For Spread Betting

On a more rational note, it is crucial to compare the UK financial spread betting brokers because some provide different markets, and you might discover that your market choice is quite limited with some spread betting brokers. Theoretically, you may want to trade on as many markets as you can. Although you most probably will stick to a handful of markets, i.e., stocks, Forex, commodities, and indices. Those core markets will be the ones you can easily understand.

Nevertheless, it is always a better idea to have the extra option to broaden your horizons than to be restricted to a select number of markets. Hence, comparing the range and limits of choice on offer is important to consider. That is especially if you wish to get involved in trading spread bets for the long term.

Spread Betting FCA Regulation

The Financial Conduct Authority is the regulatory body established for the sole purpose of monitoring financial services in the United Kingdom. These include trading as well as other financial markets. The FCA is an establishment that is independent of the financial services industry and holds the authority to impose transparency and discipline those not following its rules and guidelines.

All best financial spread betting brokers in the UK are obligated by law to be legalised by the FCA, and those who do not conform are deemed illegal. The one exception is brokers based in other countries offering spread betting to UK clients, in which case it is recommended to check the level of oversight their authority has, as well as the strictness of its rules.

The FCA has set guidelines for fair play in all financial services established to ensure that vulnerable parties get a good deal from businesses providing financial services. For online spread betting firms, this leads to ensuing they are offering an accurate reflection of the markets and that there is no involvement of foul play. This is all for guaranteeing security and safeguarding the interests of investors and traders.

Is Spread Betting Worth It?

First of all, much like any other type of trading, UK spread betting is not without its risks to a trader’s funds. Only the trader who takes interest in spread betting can decide if it is for them or not.

If you are considering spread betting, you can make substantial returns within a brief time, although the all-or-none characteristic of the trading style also means you could lose a lot of capital as well. In spread betting, the margin between substantial gains and losses is narrow. This makes the trading style exciting for new traders.

Many traders try to avoid this account type because of its tendency towards being risky and speculative. That is also usually why traders gravitate towards brokers who offer lower spreads.

Trading Multiple Accounts

Trading multiple retail investor accounts lets you benefit from different spread betting brokerages and trading platforms. Managing multiple accounts can take some trial and error. When traders trade multiple accounts, the managerial burden of dealing with the logistics can become significant, with a greater focus on records and monitoring open trading positions. Likewise, in spread betting platforms, the risk and avoiding general over-leveraging, hence, traders need to track all of their tradings. They must also keep them all on rotation regularly to ensure they are on top of their portfolio. Although this requires significant effort, the benefits are also substantial, allowing the trader to choose the best parts every spread betting broker has to offer.

Spread Betting Taxes

Generally, spread betting is considered to be exempt from taxes. Traders will not be charged capital gains on the profits and revenue they make. Likewise, there is no possibility of a rebate in the instance of capital losses. Ultimately, the taxes may depend on the country the trader is spread betting from. It is usually recommended to speak to a tax advisor on such matters.

Spread Betting Brokers Verdict

It is a crucial step when choosing the best and most professional spread betting brokers in the industry. It is suggested to do some research and compare the tools and educational resources your spread betting brokers can offer you. Don't forget to check whether the broker is well regulated by a local regulatory authority. Check out our spread betting broker comparisons further below this guide.

We've collected thousands of datapoints and written a guide to help you find the best Spread Betting Brokers for you. Our aim is that this information helps you choose a trustworthy, reputable and professional broker who can satisfy your trading needs online. We have compiled a list of what we consider the best spread betting brokers below.

Reputable Spread Betting Brokers Checklist

There are a number of important factors to consider when picking an online Spread Betting trading brokerage.

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering Spread Betting Brokers.

We compare these features to make it easier for you to make a more informed choice.

Top 15 Spread Betting Brokers of 2022 compared

Here are the top Spread Betting Brokers.

Compare Spread Betting Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are spread betting brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more spread betting brokers that accept spread betting clients

Broker IC Markets Roboforex AvaTrade Pepperstone SpreadEx FXPro ThinkMarkets phoenixmarkets itrader ezinvest LCG
Rating
Regulation Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC) Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049) Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 Financial Conduct Authority (FCA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Financial Sector Conduct Authority (FSCA), Financial Services Authority Seychelles (FSA), TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority FRN 629628, TF Global Markets (AUST) Limited is the holder of Australian Financial Services License number 424700, TF Global Markets (South Africa)(Pty) Ltd is an Authorised Financial Services Provider (FSP No 49835),TF Global Markets Int Limited Is authorised and regulated by the Financial Services Authority Firm Reference Number SD060 Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA)
Min Deposit 200 1 100 200 1 100 No minimum deposit 500 215 500 100
Funding
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Used By 180,000+ 10,000+ 300,000+ 89,000+ 10,000+ 1,866,000+ 500,000+ 10,000+ 10,000+ 10,000+ 10,000+
Benefits
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  • Low min deposit
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Platforms MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, cTrader, Tablet & Mobile apps ThinkTrader, MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4,mac,Android.iPhone/iPad MT4,iOS,MacBook,iPhone MT4,mac,Android.iPhone/iPad MT4, Web Trader, Tablet & Mobile apps
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Risk Warning Losses can exceed deposits Losses can exceed deposits 71% of retail investor accounts lose money when trading CFDs with this provider 74-89 % of retail investor accounts lose money when trading CFDs Losses can exceed deposits 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.89% 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 Your capital is at risk Trading leverage products may not be suitable for all traders. 71% of retail CFD accounts lose money. Your capital is at risk Your capital is at risk
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London Capital Group
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All Spread betting brokers in more detail

You can compare Spread Betting Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth Top Spread Betting Brokers for 2022 article further below. You can see it now by clicking here

We have listed top Spread betting brokers below.

Spread Betting Brokers List

IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 180000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. Cryptocurrency availability with IC Markets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Roboforex
(4/5)
Min deposit : 1
Roboforex was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
AvaTrade
(4/5)
Min deposit : 100
AvaTrade was established in 2006 and is used by over 300000+ traders. 71% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options, ETFs, CFDs, Spread Betting, Social Trading . Cryptocurrency availability with AvaTrade is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049)
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 89000+ traders. 74-89 % of retail investor accounts lose money when trading CFDs Pepperstone offers Forex, CFDs, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account Pro Account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
SpreadEx
(4/5)
Min deposit : 1
SpreadEx was established in 1999 and is used by over 10000+ traders. Losses can exceed deposits SpreadEx offers Forex, CFDs, and spread betting.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
FXPro
(4/5)
Min deposit : 100
FxPro was established in 2006 and is used by over 1866000+ traders. 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider FxPro offers Forex trading, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB)
ThinkMarkets
(3/5)
Min deposit : 0
ThinkMarkets was established in 2010 and is used by over 500000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.89% 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 ThinkMarkets offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

ThinkTrader, MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Financial Sector Conduct Authority (FSCA), Financial Services Authority Seychelles (FSA), TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority FRN 629628, TF Global Markets (AUST) Limited is the holder of Australian Financial Services License number 424700, TF Global Markets (South Africa)(Pty) Ltd is an Authorised Financial Services Provider (FSP No 49835),TF Global Markets Int Limited Is authorised and regulated by the Financial Services Authority Firm Reference Number SD060
phoenixmarkets
(3/5)
Min deposit : 500
Phoenix Markets was established in 2013 and is used by over 10000+ traders. Your capital is at risk Phoenix Markets offers Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4,mac,Android.iPhone/iPad

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
itrader
(3/5)
Min deposit : 215
ETFinance was established in 2018 and is used by over 10000+ traders. Trading leverage products may not be suitable for all traders. 71% of retail CFD accounts lose money. ETFinance offers Forex trading, Spread Betting, Share Dealing.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4,iOS,MacBook,iPhone

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
ezinvest
(3/5)
Min deposit : 500
EZINVEST was established in 2008 and is used by over 10000+ traders. Your capital is at risk EZINVEST offers Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4,mac,Android.iPhone/iPad

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
LCG
(3/5)
Min deposit : 100
London Capital Group was established in 1996 and is used by over 10000+ traders. Your capital is at risk London Capital Group offers Forex, CFDs, Spread Betting.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)

Learn more Learn more about IC Markets.
Losses can exceed deposits
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Losses can exceed deposits