If you are looking for a trading activity that lets you maximise all your profits, then you may want to consider spread betting. Spread betting in the UK is tax-free. Therefore, you need to invest in a suitable broker to increase your chances of making profits.
Not all of the UK’s brokers allow spread betting. For this reason, it is challenging for many investors, especially the newbies, to identify the best broker suited for their needs. Do not agonise though, because we are here to help. Below, our expert team has recommended the best spread betting brokers that underwent multiple testing and reviewing from Google Play, App Store, and TrustPilot.
In this guide
Best Spread Betting Brokers in the UK 2021
- 1. IG Markets – Leading Spread Betting Broker in the UK
- 2. Spreadex – Spread Betting Broker with the Lowest Fees in the UK
- 3. CMC Markets – Spread Betting Broker for Experienced Traders
- 4. AvaTrade – Spread Betting Broker with the Excellent Research Tools
- 5. City Index – Spread Betting Broker for Beginners in the UK
- 6. IG Markets – Most Trusted Spread Betting Broker in the UK
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 Brokers in the UK
We started our research process by testing the best spread betting brokers in the UK. Our team of professionals had to set specific standards that each broker must meet in order to be listed on our recommendations list. It took us approximately 150 hours to get our final results. The following are the factors we considered during the research process.
We also went out of our way to review these brokers’ honest user reviews from Apple’s App Store, Google Play, and Trustpilot. Take a look at our ratings below.
1. IG Markets - Leading Spread Betting Broker in the UK
IG Markets tops the list as the leading spread betting broker in the UK because of its thousands of tradable market assets. Being a pioneer broker that was established in 1974, the broker has also grown to be the biggest spread betting broker in the UK, let alone globally.
IG Markets is a safe broker to invest with because of its long track record and is regulated by the most stringent authorities, including the Financial Conduct Authority (FCA). It has one of the most advanced spread betting platforms perfectly tailored to suit both novice and professional investors. You will have access to technical tools and information on various markets.
Opening a trading account on IG Markets is quick and straightforward. You will be able to speculate on various financial markets, including forex, shares, commodities, and indices, without owning the underlying assets. This spread betting broker allows the application of leverage where you can open positions with margins, which are among the tightest in the industry. Its charges on spread are also very competitive, starting from 0.1 pips and vary according to the underlying market prices.
Although IG Markets trading fees are relatively high, you can still test it using its risk-free demo account. The broker is backed up with many research and educational tools, including articles, webinars, live seminars, and courses to quickly improve your trading experience.
- Competitive spreads.
- Many educational tools, including a risk-free demo account.
- World-class trading platform.
- Thousands of tradable market assets.
- High trading fees.
2. Spreadex - Spread Betting Broker with the Lowest Fees in the UK
Spreadex is a global spread betting, CFD, and forex broker that was established in 1999. It offers more than 10,000 tradable instruments across various markets, including shares, commodities, and indices. Spreadex is a popular spread betting broker because it is highly regulated by tier-one financial authorities, including the Financial Conduct Authority (FCA). Your investment capital is safe with this broker.
Opening a trading account on Spreadex is straightforward, and it does not have a minimum deposit requirement. Its trading platform is user-friendly and customisable to suit your investment requirements. The platform is also fast and backed up with advanced orders and charting tools for market analysis.
When it comes to its trading fees, this spread betting broker is known to offer competitive spreads starting from 0.6 pips. It's forex and stock trading fees are also low, and it does not charge an inactivity fee. No wonder it excels as the best spread betting broker with the lowest fees in the UK.
Ultimately, Spreadex broker is the best for low-budget investors. It also allows you to spread bet on credit whether you are a beginner, intermediate, or professional. The amount of credit you will receive depends on your status.
- Low trading fees.
- Advanced user-friendly and customisable trading platform.
- Access to more than 10,000 markets.
- Very responsive customer support.
- No demo accounts for testing.
- Limited educational and research tools.
3. CMC Markets - Spread Betting Broker for Experienced Traders
Experienced traders require a reliable spread betting broker like CMC Markets, especially if they place multiple trades daily. This broker was founded in 1989 and has grown to be one of the best spread betting brokers in the UK. Being a broker that is regulated by top-tier jurisdictions globally, you do not need to worry about your investments' safety.
It will probably take you a few minutes to open a trading account on its platform. There is no minimum deposit requirement to start investing on this broker's platform. Its spreads are one of the tightest in the industry, starting from 0.7 pips. You can quickly spread bet on various assets, including forex, commodities, shares, indices, and treasuries.
CMC Markets has an intuitive trading platform that is easy to use and customisable. It is backed up with technical indicators and more than 10,000 tradable instruments to spread bet with. Additionally, you will find many educational materials, including videos, webinars, articles, and demo accounts, where you can learn and test the broker before you decide to commit.
CMC Markets is primarily recommended for experienced spread betting investors because of its advanced trading platform and charting package. However, novice investors are free to give it a try using the available research and educational tools. There is also a demo account for testing the broker before diving straight in.
- Competitive spreads starting from 0.7 pips.
- Many research and educational tools.
- Powerful advanced trading platform.
- No minimum deposit requirement.
- Customer support availability is only five days a week.
4. AvaTrade - Spread Betting Broker with the Excellent Research Tools
AvaTrade is one of the highly regulated brokers by tier-one jurisdictions in the UK. It was established in 2006, and since then, it has grown to be one of the most sought-after spread betting brokers. This is because of its competitive spreads and 0% trading commissions.
AvaTrade has a minimum deposit requirement of £100 for you to start investing. The account opening procedure is simple and straightforward, making it user-friendly to all investors. This broker's trading platform is out of this world and comes in different forms, including AvaOptions, AvaSocial, and MetaTrader4, which enable you to socialise with other investors and take total control of your investment activities. You will find more than 60 currency pairs to trade with on this spread betting broker.
AvaTrade offers various market assets to spread bet with, including commodities, shares, forex, indices, and ETFs. We primarily recommend this broker to frequent investors because it charges an inactivity fee of £50, which you will incur if you do not open positions for three months.
Ultimately, AvaTrade is tailored to suit all investors. It has plenty of educational and research tools to improve your trading experience. Should you wish to give it a try, do not hesitate to sign up for a demo account. It is a risk-free version of a live account, so it will suit your trading needs if you exploit it accordingly.
- Tightest spreads.
- Regulated by world-class authorities, including the Financial Conduct Authority (FCA).
- Advanced educational and research tools.
- Beginner-friendly AvaSocial trading platform to interact with other traders and copy trades from the professionals.
- Inactivity fees of £50 after three months of inactivity.
5. City Index - Spread Betting Broker for Beginners in the UK
City Index is one of the best spread betting brokers for beginners in the UK because it is backed up with plenty of educational and research tools to improve your trading skills. The technical indicators, charting tools, and Reuter's news fees are precisely what beginners in the UK need to quickly analyse the trading markets and make informed decisions.
City Index began its operations in 1983 and has become one of the global spread betting brokers offering more than 12,000 tradable instruments. It is regulated by the most stringent global authorities, including the Financial Conduct Authority, making it a safe broker for your investment capital.
The spreads of this broker are among the tightest in the industry, starting from 0.5 pips. Although the trading commission varies depending on the market assets, City Index charges an inactivity fee should you fail to open a position for 12 months. There are also financing costs for leveraged positions held overnight.
We must admit that this spread betting broker's trading platform is speedy and performs seamlessly on all devices. Novice investors wouldn't have a hard time placing and monitoring trades because of its many research tools for market analysis. Additionally, there are educational resources, including videos, guides, and a demo account, to improve your trading experience.
- Plethora of research and educational tools.
- Competitive spreads.
- Easy-to-use and customisable trading platform.
- Customer service available 24/5.
6. IG Markets - Most Trusted Spread Betting Broker in the UK
Who wouldn't trust IG Markets when it is one of the pioneer brokers in the UK? It offers more than 17,000 tradable assets, and it is regulated by various financial authorities globally. IG Markets is also the biggest spread betting broker in the UK, making it a home for UK's spread betting investors.
You need to try this spread broker's trading platform. It is one of the most advanced we've seen tailored for all investors. It is faster, customisable, and easy to use. You will have access to IG Markets' technical tools and information for quick market analysis.
It will take you a few minutes to open a trading account on the IG Markets trading platform. Its spread charges start from 0.1 pips, making it one of the most competitive in the market. It also allows access to various market assets, including shares, forex, commodities, and indices. Investors who like trading on margin will also enjoy trading with IG Markets because it allows leverage application where you get to invest with borrowed funds.
Join this award-winning spread betting broker by opening a trading account on its platform. If you are not aware of how IG Markets work, you may want to consider testing it first using its demo account. We can only assure you that your first experience won't be the last.