Compare Spread Betting Companies and Trading Platforms

Comparing financial spread betting accounts now means you can find the most competitive trading platform before you're too tied down, helping cut the costs of your transactions and improve the trading experience through reduced spreads and better service levels.
Our comparison table covers ONLY reputable and FCA regulated financial spread betting companies.

Broker
CoreSpreads2.5
Key Spreads
FTSE100Dow JonesGBP/USDEUR/USDGoldUS Crude
0.81.00.90.74.03.0
* - spreads are fixed.
Features
  • CoreSpreads offer very tight spreads (EUR/USD only 0.7pts, FTSE100 only 0.8pts)
  • Unlimited sign-up bonus, 50% of the spread traded in your first month (bonus can be withdrawn).
  • No daily analysis, news or technical analysis, but a very simple and easy-to-use trading platform
Broker
Spreadex4
Key Spreads
FTSE100Dow JonesGBP/USDEUR/USDGoldUS Crude
1.01.70.90.64.06.0
* - FX spreads are variable..
Features
  • Small cap specialists, offering stocks with market cap as low as £1m
  • Advanced charting package with Trade via Charts and Pro Trend Lines
  • Winner EGR Awards 2017 Best Spread Betting Operator
Broker
ETX Capital2.5
Key Spreads
FTSE100Dow JonesGBP/USDEUR/USDGoldUS Crude
1.01.00.90.74.04.0
* - FX spreads are variable.
Features
  • ETX Capital offer a range of trading platforms (incl MT4) to meet all traders' requirements with over 5,000 markets
Broker
Inter Trader4
Key Spreads
FTSE100Dow JonesGBP/USDEUR/USDGoldUS Crude
1.01.01.81.04.04.0
* - fixed spreads during trading hours since 2012.
Features
  • White label for London Capital Group offering same tight and fixed spreads
  • Up to £10,000 sign-up bonus on your initial deposit + up 10% loyalty rebate scheme for active traders
Broker
DF Markets2
Key Spreads
FTSE100Dow JonesGBP/USDEUR/USDGoldUS Crude
0.51.00.80.64.04.0
* - FX and indices spreads are variable.
Features
  • Monthly Demo account competition with £1,000 prize pool, plus 10% up to £1,000 sign-up bonus
  • Tight variable spreads but can be considerably wider even during market hours
Broker
City Index2.5
Key Spreads
FTSE100Dow JonesGBP/USDEUR/USDGoldUS Crude
1.01.01.01.06.08.0
* - fixed spreads.
Features
  • CityIndex covers thousands of markets and quotes throughout the day to ensure up to date spread pricing

Why Compare Financial Spread Betting Brokers

Whether you're trading in shares, futures or spread betting, brokers need to be paid for the services they provide. In many instruments, the broker portion comes from a percentage commission levied on the transaction, or alternative a flat fee for each order executed. This is often added to extra layers of cost, such as financing, interest and other associated expenses, which add to create a handicap against trading performance and in the process makes it more difficult to profit. In spread betting, the commission structure is slightly different, with components weighing in from several alternative directions.

Spread betting brokers are ten a penny, thanks in no small part to the explosion in interest surrounding the financial spread betting industry. As a result, traders now find themselves in the fortunate position of having an exhausting supply of spread brokers to choose from, each with its own unique marketing approach and trading platform. While each spread betting company in essence performs the same basic function of enabling traders to place spread bets on various markets, they were not all created equal, and there are real tangible advantages to be had for those prepared to take the time and energy required to sift through the pack.

The world of financial spread betting is crammed with different companies, each competing for the interests and capital of new and existing traders. With such extensive competition out there, finding ways to differentiate between unique service offerings is becoming increasingly challenging. As a result, brokers compete on spread, trading platforms, range of markets, the extra features, they provide, for taking on new accounts. These incentives vary from broker to broker, and for traders who are prepared to research and compare different options it can be possible to maximise the benefits through trading with selected brokers.

Below are some of the things to look for when choosing a spread betting provider:

Legitimacy of a Spread Betting Company

The first and most important reason to compare companies and to read up on the various different options available is the legitimacy factor. While, thankfully, the majority of spread betting brokers are all above board, you can never be too careful when trading online, particularly when you're handing over real money. After all, you only have the broker's word for it that the markets are moving in the way they appear before your eyes.

Comparing financial spread betting providers for legitimacy is actually a foundational step towards more in-depth comparisons, and you want to make sure you're operating with a broker who has a track record and is managed and regulated properly. A good benchmark is to look for FCA regulation (an essential legal requirement for UK spread betting operators), and to consult the Internet for reviews and recommendations from past customers.

Range of Markets to Spread Bet on

On a more everyday, practical note, it is important to compare spread betting providers because some offer different markets to others, and you may well find that your choice of markets is limited with some brokers. Ideally, you want to be able to trade on as many markets as possible. While you will generally stick to a few core markets that you understand and can easily research, it's always better to have the option to expand your trading horizons than to be boxed in to specific markets, so comparing and contrasting the variety and extent of choice on offer is an important consideration - particularly if you're looking to be involved in financial spread betting for the long term.

Cost of Trading / Spreads

When choosing a spread betting account with a broker it is crucial to consider the cost of trading , the commissions paid by the spread of the trade (more on how brokers make money). In recent times the financial market has become very competetive as a lot of brokers offer very similar spreads. Some spread betting brokers offer fixed spreads while others offer variable at very tight spreads to each other.

Comparison tables are particularly useful here for visually highlighting the comparisons between pricing structures at different brokers, but there can be no real substitute for personal legwork in finding the cheapest provider at any one time. While this can take time, sourcing the absolute cheapest provider who also ticks the remaining boxes is a worthwhile investment that will pay dividends time and time again.

Financial Spread Betting Platform

Another important point of comparison between spread betting brokers that traders often forget is the range of functionality offered by their trading platform. While most platforms carry the same basic functions, some are far more intuitive and investor-friendly than others, and getting a feel for the system that's most suited to you can be an important help in choosing a spread betting broker.

Support / Customer Service

Finally, you want to try and get a feel for the level of customer support provided by a given company before signing up, to provide peace of mind should you ever experience any difficulties with their system or operation. A contact telephone and email for customer support is usually enough to satisfy that they actually have a support function, but some companies have a better reputation than others when it comes to helping out their customer base.

Final Word on Spread Betting Companies Commission

Naturally when dealing in financial markets, brokers will look to hedge their exposure. As brokers have direct access to the markets, hedging is another way in which they can increase profits without passing these costs on to the traders, thus allowing them to remain competitive with the spreads. Trading in both derivatives and cash markets directly helps ensure a diversified exposure to minimise risk and allow low but more stable yields to be sought to help round out the broker's share. Spread betting brokers earn their commission just like any other. This tends to work out as delivering more favourable terms to traders as compared to the costs of other forms of trading and investing, and allows traders to make gains from smaller market movements.

Spread Betting Comparison

The relationship you have with your spread betting broker needs to be a solid one. Firstly, there needs to be trust sufficient for you to deposit your savings in the provider, and you must be sure that you're trading on a level playing field in a fair and honest market. Furthermore, you need to pay for the service, and the difference between the cheapest and the most expensive firms can be significant.

Ultimately, finding a firm involves finding a satisfactory middle ground between each of these key considerations (one may consider opening multiple spread betting accounts). But with so many different providers to choose from, each with their own particular specialities and shortcomings, carrying out the comparison process is an essential step in landing yourself the best possible financial spread betting account.