The right uk spread betting brokers for you will depend on your trading strategy and what kind of returns you hope to achieve. Spread betting brokers make their money primarily from the spread, which is the difference between an underlying asset’s buy (bid) and sell (ask) prices. They adjust the spread to cover costs and generate profits. They may also charge other fees such as overnight financing, account management or trade commissions.
Look for a regulated broker with a good track record and a wide range of financial markets. You should be able to find spreads on the most popular stocks and indices. It’s also important to check whether a spread betting broker is licensed by the relevant regulators. In the UK, this is the FCA.
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Spreadex has a reputation as one of the leading UK spread betting brokers. Their website and mobile apps are designed with user experience in mind, making it easy for novice traders to get started while still offering the advanced functionality that experienced traders expect.
IG offers spread betting on 17,000 markets including forex, shares, indices, commodities, bonds and ETFs. They are a FTSE 250 company with over five decades of industry experience. Their platform is easy to use and features a number of useful charting tools. They offer a number of different account types and are regulated by the FCA.
Pepperstone is another top-rated UK spread betting broker. They are an FCA-regulated broker with offices around the world and offer a diverse selection of tradable assets and competitive trading costs. In addition, their trading platforms are fast and reliable.