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Compare the top Spread Betting Companies for 2020

Compare the top Spread Betting Companies for 2020

We’ve put together this list of Spread Betting companies, designed to introduce you to a wide selection of reputable brokers and help you choose the one that best suits your trading needs, no matter what level you are at.

You’ll find a full review of each broker and our opinion on the services and features we think they are strong on and those they aren’t. So if you want a broker who’s best in class for education, or pricing, or trading tools, we’ll cover it all in our reviews.

Bear in mind, we will only include reputable companies on the site – each of the brokers featured here are authorised and regulated by the UK’s Financial Conduct Authority.

We regularly review our broker list to ensure the information is up to date, but if we’ve missed something, feel free to contact us, or post a message below.

Regulated Spread Betting brokers

Broker The Armchair Trader says:
Pepperstone logo

Minimum
deposit: £100

With a strong focus on the trading experience, industry leading technology, low costs and award-winning client support, we feel that Pepperstone is a good option for the more established high volume day trader. See our full Pepperstone review.

Minimum
deposit: £0

With deeper pockets to invest in their services than most brokers, IG’s platform suite and trading support tend to lead the way. IG is a good all-rounder for novice through to experienced traders and investors. See our full IG review.
Markets.com review

Minimum
deposit: £250

Regulated by the FCA, Markets.com have invested heavily recently in some innovative services and their Knowledge Centre and Educational Tools provide a great starting point for traders. You’ll find a range of news, analysis, opinion and sentiment tools available to help you with your decision making process. . See our full Markets.com review
Apply
City Index

Minimum
deposit: £100

City Index offers access to over 8,000 instruments across Forex, Indices, Shares and Commodities markets. City Index is a familiar UK brand having been established in 1983 and will appeal to novice through to experienced traders. See our full City Index review
Spreadex

Minimum
deposit: £0

Spreadex offer a pretty unique proposition for UK and Ireland residents, combining sports betting and financial betting on one trading platform. Their range of markets includes equities, or stocks, and is broad enough to offer a choice of Small Caps with a market capitalisation of £1million and above. See our full SpreadEx review.
Apply
ActivTrades logo

Minimum
deposit: £1000

Founded in 2001 and regulated by the FCA, ActivTrades platform is simple to use with an emphasis on risk management tools and competitive spreads. Clients can spread bet from as little as 10p per point making it a good option for beginners.
ETX Capital spread betting

Minimum
deposit: £500

There’s a good range of markets to choose from and spreads are competitive too. We like the fact that you’ll be assigned an Account Relationship Manager when you open your account. See our full ETX Capital review.
Accendo Markets Spread Betting

Minimum
deposit: £0

If you are looking for a knowledgeable, personal service from your CFD, Spreadbetting or Forex broker, you won’t go wrong with the Accendo Markets team. See our full Accendo Markets review.
Hantec Markets Spread Betting

Minimum
deposit: £0

Hantec Markets doesn’t have the financial power of some of the bigger brokers but uses the powerful MT4 platform to provide traders with the tools they need. As a smaller broker, personal service is high on their priority list . See our full Hantec Markets review.
FxPro

Minimum
deposit: £200

FxPro provide a solid range of markets, covering all of the most popular choices. This range will easily cater for the needs of the majority of traders. See our full FxPro review.
Spread Co

Minimum
deposit: £200

Spread Co doesn’t have the financial power of some of the bigger players to invest in tools and research products, so they play to their strengths. Pricing is kept low and we like the fact that spreads don’t change depending on market volatility. You’ll earn 2% interest each year on your cash balance and the Mini Markets account is a great place to start for beginners. See our full Spread Co review.

The Armchair Trader is paid for by our partners through clicks, views and advertorials. So if you open an account through a link on the site, we may receive a fee for providing the introduction. This fee will in no way be passed on to you from our partners.

Choosing the right spread betting company

If you are new to financial spread betting, we offer a variety of free resources that you can use to help you select the broker that best meets your trading needs.

We suggest that you start with the basics – decide what tools and features you need to identify, execute and control your trades. Our guide to choosing the right spread betting company can be found here. Download it for free and use it to ensure you are asking yourself the right questions.

Remember, spread betting is a leveraged product which means your winning trades and your losing trades are magnified. You should understand leverage before you begin to trade with real money.


Spread betting demo accounts

Some, but not all, spread betting companies offer a demo account. This is an account using a limited number of markets with live prices that you can use to practice on. They have the advantage of letting you trade live, up-to-date market prices rather than delayed ones.

A number of firms offer a demo account, but some will only offer them for a limited period of time or with a restricted series of features.

Find out how you can make best use of a spread betting demo account, avoiding the pitfalls along the way.

The best spread betting accounts for beginners

Some spread betting companies are geared towards offering accounts that have the beginner in mind. These accounts generally provide limited risk features that are designed to ensure that novice traders do not make costly mistakes as they learn about the unpredictable nature of the financial markets.

We have put together an article featuring the best spread betting platforms for beginners.

These accounts should ideally form the basis of your research as you move from a demo account to a live trading account.

Spread betting and CFDs 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. Please note that % may be changing every quarter depending how this number looked in the previous period.

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This article does not constitute investment advice.  Do your own research or consult a professional advisor.

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