Traders who place multiple trades in a day or who are always on the move need reliable spread betting apps that they can use to stay connected to the trading market. The apps should execute trades fast and be loaded with charting packages that let you take full control of your trading activities.
Below, we have recommended the best spread betting apps in the UK. We spent more than 150 hours testing and reviewing these brokers, so we guarantee you that they are the best. Feel free to compare their offerings and see which one complements your investment requirements.
In this guide
Best Spread Betting Apps in the UK 2021
- 1. IG Markets – Overall Best Spread Betting App in the UK
- 2. CMC Markets – Best MT4 Spread Betting App in the UK
- 3. City Index – Best Spread Betting App for Beginners in the UK
- 4. Spreadex – Best App for Sports and Finance Spread Bets in the UK
- 5. Pepperstone – Best Spread Betting App with Low Spreads in the UK
- 6. AvaTrade – Best Spread Betting App for iOS
- 7. IG Markets – Best Spread Betting App for Android in the UK
- 8. CMC Markets – Commission-Free Spread Betting App in the UK
- What’s the Difference Between Spread Betting and CFD Trading?
How we test?
Our test process is really based on two different aspects: our independent tests and research, as well as user reviews from Google Play, the App Store, and Trustpilot, etc.
The first thing we do when testing is to check every detail and test every tool and instrument. Our experts spend more than 200 hours on every article. We pay special attention to the specific function or the criteria that we’re comparing during the comparing stage. This means that we must determine which broker is more suited for beginners, and which is better suited for experts, for example. Find out more about our test process here.
Compare the Best Spread Betting Apps in the UK
During our research process, we tested our recommended brokers on all levels, including:
Our team of experts have specific requirements that these spread betting apps must meet, in order to make it onto our recommendations list. Additionally, we combined our findings with the honest user reviews from Google Play, Apple Store, and Trustpilot.
1. IG Markets - Overall Best Spread Betting App in the UK
IG Markets is by far the biggest spread betting broker in the UK, and we are not surprised to see it excel as the best spread betting app in the UK. Established in 1974, this broker hosts thousands of tradable instruments for all investors. Certainly, IG Markets is a safe broker, not only because of its long track record, but because it is highly regulated by the Financial Conduct Authority (FCA) in the UK.
You need to sign up for a trading account on IG Markets to start investing. It has a minimum deposit requirement of £300 if you make a payment through debit/credit cards. Its trading charges are relatively high, so you may consider seeking other options if you are a budget-conscious investor.
IG Markets’s spread betting app provides one of the most efficient and reliable platforms for both novice and expert investors. Its trading platform has an excellent user interface design, and it’s perfectly tailored for easy access to technical tools and trading markets’ information.
Even though we primarily recommend IG Markets to professional investors, feel free to test it using its risk-free demo account. Make the most of the many financial instruments, educational, and research tools and figure out how the trading app works. If you are an experienced investor looking for a reliable spread betting app, then do not hesitate to download the app on your mobile device and keep track of your investment activities while on the move.
- Multiple payment methods, including debit/credit card, bank transfers, and e-wallets.
- Advanced educational tools, including a risk-free demo account.
- World-class mobile trading app.
- Competitive spreads.
- Charges a monthly inactivity fee if you fail to open a position for 24 consecutive months.
2. CMC Markets - Best MT4 Spread Betting App in the UK
CMC Markets is an award-winning pioneer broker that started its operations in 1989. No doubt the broker is safe for your investment since the UK’s Financial Conduct Authority (FCA) oversees its trading activities.
CMC Markets hosts more than 9,000 tradable CFD and spread betting instruments, including shares, forex, commodities, indices, ETFs, and treasuries. This gives you a variety of options to choose from, thereby increasing your investment opportunities.
When it comes to CMC Markets’ trading platform, its Next Generation’s intuitive design is easy to use and customisable to suit your trading requirements. The spread betting mobile app is supported on all mobile devices, including iPhone, iPad, and Android, to keep you engaged in your trading activities while on the move. What makes the CMC Markets app excel is that it hosts many real-time charting tools and a live market calendar with push alerts.
Ultimately, CMC Markets excels as the best MT4 spread betting app in the UK because of its world-class MT4 platform and low spreads. On the flip side, stock CFD charges are relatively high.
Although its customer support service is available 24 hours, 5 days a week, it's one of the most responsive we’ve encountered. You can reach them through email, phone, and live chat, in case of any account or trading challenges.
- No minimum deposit requirement.
- Advanced Next Generation trading platform.
- Competitive spreads.
- Plenty of educational and research tools.
- Customer support is only available 5 days a week.
- High stock CFD charges.
3. City Index - Best Spread Betting App for Beginners in the UK
City Index is an award-winning spread betting, forex, and CFD broker with more than 12,000 offerings. It was established in 1983 and has been highly regulated by the most stringent financial authorities globally. With its long track record, you do not need to worry about your investment capital’s safety.
We understand that beginners need a trading platform that they can easily use and customise to suit their investment needs. City Index’s trading platform is also fast and supported on all devices. Additionally, it is backed up with various charting tools and technical indicators for market analysis. It also offers plenty of educational tools that will quickly help you to improve your trading strategies.
City Index’s trading commissions vary depending on the available market assets. The broker recommends that you make a minimum deposit of £100 for you to start trading. This deposit amount will also be of assistance if you like margin trading, whereby it covers your first margin requirement, before you begin trading on leverage.
City Index makes spread betting fascinating for beginners by charging one of the lowest spreads in the business, starting from as low as 0.5 pips. Additionally, you will incur financing costs should you wish to have your leveraged position held overnight. There is also a monthly inactivity fee of £12 if you do not open a position for 12 months.
- Low forex fees.
- Plenty of charting tools and technical indicators.
- Adequate educational resources.
- Stock CFD trading charges are high.
4. Spreadex - Best App for Sports and Finance Spread Bets in the UK
Spreadex is a spread betting, forex, and CFD broker that has been around for more than two decades, since 1999. It is considered a safe broker because top-tier authorities regulate it, including the Financial Conduct Authority (FCA).
What makes Spreadex’s app the best for sports and finance spread bets in the UK is that it owns a separate sports betting service where you can access sports and spread betting on a single platform. You will find more than 10,000 tradable instruments on this broker’s platform. This allows you to expand your options on various markets as you familiarise yourself with how it works. These markets include forex, shares, commodities, and indices.
Spreadex is known for its competitive spreads, starting from 0.6 pips. If you are an investor on a low-budget, then we primarily recommend this broker for you. This is because its trading charges are low, and you will not incur any inactivity fees should you stop opening positions. Additionally, you can also apply leverage, which is a plus point for Spreadex.
Operating your trading activities on this broker’s platform is straightforward. Spreadex’s spread betting platform is also customisable to suit every investor’s requirements. On top of this, you will have access to plenty of charting tools and technical indicators for market analysis.
- +10,000 market assets.
- Low trading and non-trading fees.
- Regulated by world-class authorities, including the FCA.
- Competitive spreads starting from 0.6 pips.
- No demo account.
5. Pepperstone - Best Spread Betting App with Low Spreads in the UK
Since its inception in 2010, Pepperstone has quickly grown to become one of the most celebrated spread betting and forex brokers in the UK. Rest assured that your investment capital is safe with Pepperston since tier-one authorities regulate it, including the UK’s Financial Conduct Authority.
Investing with Pepperstone is easy and cost-effective. You will need a minimum deposit of £200 once you sign up for an account on its platform. Additionally, its trading and non-trading charges, including deposits and withdrawals, are low. The spreads are among the most competitive in the industry, which can go as low as 0 pips. This makes it a go-to spread betting broker for investors with a low budget.
Pepperstone’s spread betting app is supported on all mobile devices. You will have access to its MetaTrader 4 platform that is packed with technical indicators and tools that are fully customisable for your trading requirements. Adequate educational and research materials are also available to help with your strategies.
If you need a spread betting app that allows margin trading, then Pepperstone is your broker of choice. It enables you to leverage (trade with borrowed funds) up to 30:1 for UK investors. On the flip side, you will incur high financing costs if you leave your leveraged positions held overnight.
- Low trading and non-trading commissions.
- Highly competitive spreads.
- Advanced trading platform that is fully customisable.
- High financing costs for positions held overnight.
- Customer support service is only available 5 days a week.