The majority of visitors to a sports betting provider’s website use a mobile device. Therefore, the mobile version must be fully convincing in order to be able to compete in our test. Some bookmakers offer an app for download, with the advantage that you don’t always have to enter the provider’s address in the browser and your settings are constantly saved. The bottom line with a strong mobile version is that the most important functions are easy to access and there are no differences to the desktop version. The platform is known for its transparent terms and conditions, contributing to its positive reputation among users.

Best Spread Betting Platforms for Beginners UK

Some spread betting accounts provide access to third-party research and analysis services such as autochartist, PIAfirst, trading central and Tipranks. IG offers you the most markets for spread betting with an impressive 17,000 financial instruments including UK and international stocks, commodities, forex pairs and indices. Tight spreads are a key factor when selecting a spread betting brokerThat’s because they directly impact your trading costs and how quickly you can turn a profit. While many brokers advertise ultra-tight spreads on popular assets, be cautious – spreads on less common asset classes can be higher. Yes, IG by far has the most comprehensive market access for any spread betting broker. You can trade around 17,000 markets, which is significantly more than the 12,000 or so offered by City Index and CMC Markets.

Research and Analysis Tools

Remember, in spread betting, the broker is more than just a platform; it’s your gateway to the markets, so choose wisely. Each platform is regulated by the FCA and can be used by retail (non-professional) traders. Commonly, only around 20% of retail clients make money with spread betting brokers. You can also trade CFDs, DMA equities and invest for long term capital growth through a general investment account or ISA. Use this table and see what’s offered by spread betting brokers to see how else you can trade through them.

Are online stock brokers safe?

Traders can open positions by trading in major Forex pairs at as little as 0.2 points per slide. Commodities start at 0.05 points, while major indices like the S&P 500 start at 0.3 points. US stock trades start at $0.015 on both sides of the market spread. Offer 300+ financial instruments, covering forex, stocks, ETFs, commodities, bonds and indices.

FxPro – Best Spread Betting Broker for Risk Management

• If the stop-loss order had not been placed, the trader could have suffered huge losses.
• Ultimately, before entering the market, it is important to consider how you will manage your risk.
• Bet on the most popular games such as Counter-Strike, League of Legends, and DOTA 2 for an immersive experience.
• Once your position is opened, you will see your profit or loss updated in real-time.
• The user interface and look of your spread betting broker will differ depending on wether they use the MT4, MT5, cTrader, NinjaTrader or bespoke trading platform software.
• Formed in 1999 and regulated by the FCA, Spreadex has a reputation for innovative products and excellent customer service.
• The platform offers over 100 indicators as well as a huge range of drawing and analytical tools, making it highly customizable.
• He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages.

The spread in spread betting is merely the contrast between an asset’s buying and selling price. If a financial instrument’s buying price is 134.6 while the selling price is 135.4, the 0.8 difference in the prices is known as the spread. Spread betting can best be used as part of a diversified portfolio, meaning 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.

Exploring Other Betting Exchanges

Public companies are required to yield financial reports frequently. A company’s market capitalisation and share price also help determine whether a company is going bankrupt. Currency markets can be very volatile, particularly around major economic announcements, which can lead to significant price movements. While financial markets also experience volatility, it can be more diversified across the different assets. Here is the overview of the key differences between Forex spread betting and financial spread betting. Spread betting, for those unfamiliar, is a derivative strategy, allowing traders to speculate on the price movement of an asset without owning the underlying security.

How to choose a spread betting broker

Please note here that since this is a daily-funded trade, you will be charged a small overnight funding fee if you keep your position open overnight. Also, if you want to aim for a profit of £100, make the risk worthwhile. Here, you decide to buy the UK 100 at £5 per point if you think the FTSE 100 is going to rise. This is known as going long, and it means that for each point the index rises, you will make a profit of £5. To understand how to bet on indices, we will take the example of the UK 100. In this example, if you had placed a limit order at £7,950, your position would have been automatically closed there, and you would have made the assured predetermined profit.

Open a Trading Account

I found that CMC Market’s spread betting prices were always tight and hail from the original online platform name (Deal4Free, and slogan “compare the spread”). CMC Markets also invented the concept of the daily cash rolling spread bet so traders no longer need to trade the futures price, reducing trading costs further. Overall, Pepperstone is a good choice for clients that want to spread bet on MetaQuotes as it’s MT4 & MT5 package is one of the best around. Plus Pepperstone are one of only two brokers that offers spread betting through TradingView.

What are the account minimum requirements for brokers?

• Rather than opening multiple bookmaker accounts directly, you can use a betting brokerage service to access these bookmakers.
• It provides 24/7 customer support via live chat, email, and phone, with dedicated VIP support.
• CMC Markets stands out as the top choice for spread betting on commodities, with an impressive selection of over 100 options.
• Stuart Wheeler the founder of IG, is generally credited with inventing and popularising the concept of betting on financial markets in 1974.
• You need a platform that’s intuitive, easy to navigate, and, most importantly, stable.
• Hence, while some view spread betting brokers as a gateway to flexible and tax-efficient trading, others caution against the high risks and potential for significant financial loss.
• This is key given that the UK’s Financial Ombudsman Service has highlighted the dubious practices adopted by some spread betting companies.
• Spread betting is one of the most tax-efficient ways to trade in the U.K.
• Overall we consider Pinnacle to be the best bookmaker in the world, due to their selection, high odds, no personal limits, and great platform.
• A spread betting broker’s financial history should not be questionable as well.

We are proud to offer our service entirely free of charge to our users. Instead of charging you, we partner with bookmakers and earn a small commission based on the turnover we generate for them. This means you get premium betting tools without any extra cost to you.

Nitrogen Sports

By the same token, losses made in trading can be offset against capital gains made elsewhere, whilst spread betting losses cannot. Spread betting on Forex is all about precision, speed and market timing in one of the world’s most active markets. With positions turning over faster than any other asset class, traders focus on quick profits.

Technical analysis versus fundamental analysis in spread betting

• As spread betting is unique to the UK, these companies maintain offices around London, offering direct lines to knowledgeable dealing staff.
• Of course, you will need to open a spread betting account to spread bet rather than a trading account.
• Match your preferences to a broker that suits your style and can give you a frictionless trading experience.
• As Cobra Trading advertises on its homepage, it can help you strike first, like a cobra, on trades.
• Horse racing also holds a significant place in South African betting culture.
• All content on this site is for informational purposes only and does not constitute financial advice.
• See our list of the best spread betting brokers to find the trading platform that best meets your individual needs.
• It’s still a Euro bookie and can be considered soft in many regards, but we do believe that even professionals can use Bethard for good purposes.

Whether individuals or organizations, these entities streamline the betting process, providing several advantages. Select your country of residency below to see which regulated forex brokers will accept you as a new customer for trading forex. We love bet brokers because they are highly practical and because they give winning players a chance to bet without getting personal limits. The other ones mentioned in this article have good reputations too. Using a bet broker is very beneficial if you are serious about your sports betting. There are some other bet brokers that don’t operate on the open market but rather through recommendations.

Are The Spread Betting Brokers World Leading?

The platform doesn’t currently integrate with Expert Advisors, but it has its own trading tools on board. UK Spread Betting & Investing Platform IG is a pioneer in spread betting, offering FCA-regulation and access to over 17,000 instruments, ideal for serious traders. Spread bets are also likely to have a fixed expiry, whether daily, weekly or quarterly.

Which Spread Betting Brokers Is Best For Commodities?

When opening a new account, have in mind what asset classes and individual instruments you want to trade. Look for a broker that offers tight spreads not only during peak trading hours but throughout the day, across a wide range of asset classes. If you mainly trade a few key indices or forex pairs, choosing a broker with the lowest costs for those specific assets makes sense. For more diverse trading, consider brokers with consistently tight spreads across all instruments, even if it means using multiple accounts to optimize costs. City Index also has an options desk for spread betting on index and populare stock options. Between 51% and 89% of retail investor accounts lose money when trading CFDs.

• Spread betting utilises leverage; therefore, you do not own any commodity or stock when spread betting.
• In terms of the range of sports available, BFB247, BetInAsia and Bookielink are way ahead of the other competitors.
• To begin with, you will be given two cost quotes when doing spread betting – you get a Buying price (bid price) and Selling cost (ask price).
• Regulation protects clients’ funds from the broker becoming insolvent.
• There is no acquiring done of any instrument or its contract for difference, rather simply betting on the market trends.
• 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.

How Does Spread Betting Work?

Ask Price Sometimes called “buy price” this refers to the price which the buyer pays for their security. CMC Markets stands out as the top choice for spread betting on commodities, with an impressive selection of over 100 options. You can bet on commodities as cash or forwards and explore a wide range of commodity ETFs, covering individual commodities or sectors like agriculture, energy, and precious metals.

In this approach, the accuracy of the forecast increases the probability of profit. However, if the market moves contrary to the trader’s position, stake weekly bonus calculator losses may exceed the trader’s initial investment. If the trader believes the price of an asset will climb, he places a bet to ‘purchase’ it.

IG vs Pepperstone: Broker Comparison

Betting brokers help you find the best betting prices across different websites. Instead of checking many sites yourself, you can use one broker account to see all the options. This makes it much easier to find the best deals and make smarter bets. If you bet large amounts regularly or want to place bigger bets, a betting broker can make a big difference. You’ll have more freedom to bet larger amounts and won’t have to worry as much about getting your account restricted. Bookielink provides a wide range of communication mediums to reach customer support.

When customer accounts bear significant interest levels, the increasing deposits can often grow into millions for brokers. Start your search for the best spread betting brokers by identifying which options are available in your jurisdiction. Prioritize platforms that offer local support hours so you can get assistance if there’s an issue with your account.

You are betting that something will happen without having certainty that this will be the case. Remember that gambling is an addictive habit that affects your personality, and the vast majority of gamblers lose over time. 🔥 Spread betting lets you make returns from trade regardless of the direction the market moves because you do not actually handle the underlying security.

They are typically based in Curacao or Netherlands Antilles, so it is virtually impossible to raise a legal dispute against them. The best thing to do is to choose a betting broker with a good reputation, such as the ones I recommend in this article. You can use their online portal to order a bet and the betting agent will instantly execute the bet on your behalf, using automated software.

That means you don’t have ownership of the underlying security, for example, Apple shares. However, you are still spread betting on how much it will move in price. Spread bettors use leverage so that they can invest less upfront. Of course, you will need to use the same degree of caution as you would on any trading platform.

The total value of your position in this scenario (£5 per point x 7,952.62) is £39,763.10, giving you a margin requirement of £1,988.15. In this scenario, the selling price of the UK 100 is £7,952.62, and the buy price is £7,953.82, so the spread is 1.2 points (£7,952.62 – £7,953.82). These tools don’t need to help you protect yourself from loss, but these benefits prove useful in achieving the goal.

They have a similar margin to Pinnacle, usually around 2%, although it is sometimes as little as 1%. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.

With this spread betting broker, you can trade with over 60 different currency pairings. MT4 is a widely popular platform for financial trading, and many spread betting brokers now support it. If you are interested in spread betting on MT4, you can review the best MT4 spread betting accounts here.

You can try different betting styles like handicap betting, over/under bets, and prop bets that might be hard to find elsewhere. That’s why BFB247 and BetInAsia are the favorites and highly recommended bet broker by Bestbettingagents.com. Closely followed by BFB247, BetInAsia delivers an almost flawless user experience. Together with the exclusive cashback offer via BestBettingAgents, BetInAsia Black delivers the product with the highest odds available. BetInAsia and Sportmarket also offers cashback and referral bonus to both new and existing users.

We check the availability of local payment methods, making sure you can easily deposit and withdraw funds using your preferred method. We also consider app availability and the usability of mobile platforms, so you can bet on the go with ease. If you’re new to online sports betting, registering a betting account is a simple process that takes just a few minutes. Most bookmakers have made this hassle-free, allowing you to sign up and start betting almost instantly. The big bookmaker comparison at transfermarkt.com/betting reveals which bookmaker is the number one based on multiple factors.