Best Spread Betting Brokers

Here you will find our best spread betting brokers, based on thousands of hours of extensive research, testing and analysis across hundreds of online brokers. Upon conclusion of each of our broker reviews, the trading brokers team has assigned each broker with a rating, and displayed our best spread betting brokers on this page.

Top 5 Spread Betting Brokers

Broker
Rating
Regulated
Min. Deposit
Founded
Max. Leverage
1.

ASIC, BVI, CBI, FFAJ, FSA, FSCA, IIROC

Min $100 Deposit

2006

1:400

Review Trade! Trade!
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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.
2.

FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF

Min $250 Deposit

1974

1:200

Review Trade! Trade!
Terms & conditions apply
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
3.

ASIC, FCA, DFSA, SCB, CySEC, BaFin, CMA

Min $200 Deposit

2010

1:30

Review Trade! Trade!
Terms & conditions apply
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
4.

ASIC, FCA, MAS

Min $100 Deposit

1983

1:200

Review Trade! Trade!
Terms & conditions apply
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.
5.

FCA

Min $1 Deposit

1999

1:30

Review Trade! Trade!
Terms & conditions apply
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investors lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

How did we choose our best spread betting brokers?

Some of the most important factors that contribute towards a good broker for spread betting have been considered including the regulatory authority, spread bet platforms, trading instruments, trading tools, fees, spreads, execution speeds, account types, deposit/withdrawal options, leverage, minimum deposit requirement, educational resources, customer support and more.

Having the best spread betting brokers based on our findings listed in one place can help traders save time when identifying the best spread betting brokerages according to their own individual trading needs.

Each of the brokers we have chosen have undergone and passed our stringent spread betting broker reviews with flying colours, based on what the trading brokers team consider to be amongst some of the most important considerations. These brokers are well-established within the online brokerage industry, providing top spread betting trading services to traders across the globe.

Following on from our best spread betting brokers, we will now look at what spread betting is and some of the most important factors to consider when looking for a spread betting broker.

What is spread betting?

Spread Betting is a derivatives product that allows you to trade on the price movements of thousands of financial markets including Indices, Shares, Currencies, Commodities and more.

Choosing a buy or sell position on a market allows you to speculate on whether the price of the market that you have chosen will rise or fall in value, using a stake size that you wish to trade.

For every point that the underlying market price moves in the direction you predict, you will earn a multiple of your stake. However, if the market moves against your chosen position, you will lose a multiple of your stake for each point the market moves in the opposite direction.

Spread betting mimics the underlying asset and reflects the security that the spread bet is mirroring. For example, if we were to buy a spread bet contract on Amazon, then the price of the spread bet will rise and fall in line with Amazon’s share price.

To learn more about spread betting, please see our spread betting guide.

Why do traders spread bet?

Spread betting is a popular product for some traders for a variety of reasons. These include:

  • Some tax benefits in the UK
  • Can be commission free
  • 24-hour trading
  • Speculate on falling (go short) and rising (go long) markets
  • Way to diversify a trading portfolio
  • Spread bet with leveraged positions

Whilst spread betting is popular amongst traders, it is very common for traders to actually lose money when trading spread bets. Therefore, it is imperative to have a clear understanding of the significant risks involved with spread betting and learn as much as possible before you start.

What makes a good broker for spread betting?

There are various factors worth considering if you are looking for a broker to spread bet with. In this section, we will cover what we consider to be some of the most important aspects that you should be aware of when choosing a spread betting broker.

Spread betting broker regulation

We consider broker regulation to be one of the most important things to look for. When using a regulated broker, you can get more protection than you would from an unregulated broker. Regulated brokers must comply with strict rules and regulations that are implemented in order to try and help protect investors.

Spread betting broker trading instruments

Brokers can offer spread betting on a range of asset classes such as Forex, Indices, Shares, Commodities and more. If you are looking to trade a specific market, you would want to ensure that it is available for spread betting at the broker you are considering.

Spread betting broker trading fees

Spread bets do not always incur a commission fee as the costs can be incorporated into the spread itself. However, it is worth considering all of the broker fees involved and size of the spreads. Other fees can include funding fees, inactivity fees, platform fees and more. Make sure you have a clear understanding of all the potential fees involved.

Spread betting broker trading platforms

In order for clients to be able to spread bet online, the broker will provide them with a spread betting platform. There are various desktop, web and mobile platforms available, some more user-friendly than others. Each platform will have a choose of trading tools, features and functionalities. If you are already familiar with a specific trading platform, you may wish to check that the broker provides it. Alternatively, you can opt for a popular and user-friendly spread betting platform such as MetaTrader or cTrader.

Spread betting broker leverage

Leverage enables you to get a much larger exposure to the market you’re trading than the amount you deposited to open the trade. Leveraged products, such as spread betting and CFDs, magnify your potential profit but also your potential loss.

For example, if you had an account balance of $100 and leverage of 1:5, you would be able to take a position size of $500 ($100 x 5 = $500).

Whilst this does mean that you can control a position size larger than you would have been able to without leverage, it also means the risk is significantly greater. It is imperative that you have a clear understanding of leverage and how it works before trading with leveraged positions.

Spread betting broker education

The best spread betting brokers should have a selection of educational materials that are available to help traders increase their trading knowledge and skills. This can range from trading guides, tutorial videos, webinars, eBooks, quizzes and more. If you would like to learn more about spread betting, then you may wish to check that the broker has the relevant educational resources.

Spread betting broker trading tools

Most spread betting platforms will have an array of built-in trading tools to assist with market analysis. However, if you require any additional tools, it may be worth checking that they are provided by the broker. This can include economic calendars and earning reports for fundamental analysis which can be used to keep up to date with the latest market happenings. Other trading tools may include spread bet calculators, signals, market alerts and more.

Spread betting broker account opening

Each spread betting broker will have its own minimum deposit policy so check that you can meet this requirement. You may also need to provide some personal information in order to pass the brokers KYC and AML procedures. During the sign-up process it is very important to make sure that you read all of the brokers terms and conditions, only proceeding if you understand and agree with them.

Spread betting broker account funding

Each broker will have different account funding options. You should check that the broker has deposit and withdrawal options that are convenient for you. Payment methods can include wire transfer, credit/debit card along with online payment methods such as Neteller, PayPal and Skrill. It is also important to check if there are any broker or third-party fees that will be charged when making deposits and withdrawals.

Spread betting broker customer service

It is always important to have good customer service that are readily available to answer your questions in a prompt and efficient manner. You can check where the broker is located and how good their responses are before opening a trading account. The majority of brokers will offer online chat, telephone and email support. You can check they have a contact method that is convenient for your needs.

How to start spread betting online?

Now that you have had a brief overview of what spread betting is, you may be considering opening an online trading account to spread bet online. To do so, you can choose a spread betting broker, follow the account opening process and you will be able to start spread betting online through one of their spread bet platforms.