10 Best Spread Betting Platforms and Brokers for 2024

Today, it is known for its competitive spreads, fast execution, and reliable platform. Regulation of Spread Betting Brokers is necessary to prevent fraud. The Spread Betting Brokers working capital and client-funded accounts must be kept separate to avoid conducting business with client funds. Any fraudulent behaviour with Spread Betting Brokers is monitored by financial regulators in the jurisdictions brokers are allowed to operate.

In Conclusion: The World of Betting Agents

• Let’s say that instead of rising, the index falls to £7,902.62, leaving your spread bet open at a loss and triggering your stop loss.
• Orbit Exchange is a Betfair white label betting exchange that mirrors the odds and liquidity of the Betfair betting exchange.
• Charles Schwab offers a compelling combination of affordability, user-friendliness and powerful features, making it a strong contender for a top online broker for a wide range of investors.
• Forex spread betting and financial spread betting are similar in many ways, but they do have key differences.
• Start by educating yourself about the leveraged derivative products to best use your spread betting account.
• Use the table below to show which spread betting platforms have tools that are great for new traders.

In addition, you will find convenient information, such as the intelligent market scanner tool, multi-deal closures, and innovative analysis. It’s one of the most extensive apps for research material, giving you absolutely everything you need (and more) right at your fingertips. Markets.com also makes the platform easy to use without having to install software. As a last mention, IG is accessible through a no-install browser.

• In our in-depth bookmaker reviews, we thoroughly analyze every important aspect of a betting site to help you make an informed decision.
• Speculating on the financial markets is no different from making a bet, or gambling.
• It is also possible that the price will decrease; when that happens, you make profits.
• BFB247, together with BetInAsia Black is clearly taking the top position in terms of the UI and ease of use.
• The MT4 platform is probably the world’s most popular and customizable spread betting platforms.
• They limit some players fast, and Marathonbet is only available in a few countries.
• Instead of charging you, we partner with bookmakers and earn a small commission based on the turnover we generate for them.

Betting Agents vs. Traditional Bookmakers: Who Comes Out on Top?

• At Public, stock and ETF trades are commission-free, offering $0 commission trading on self-directed individual cash brokerage accounts that trade U.S. listed securities placed online.
• Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
• And remember, the costs, margins, and fees can differ big time between CFDs and spread betting.
• You can trade Spread Bets on leading equity indices up to 24 hours per day.
• With SMART signals, you can receive trade ideas that are based on current market conditions and tested against historical data for accuracy.
• As seen below, Razor accounts have lower spreads than standard accounts in the FX markets but they also incur some commissions.

Remember, in spread betting, the broker is more than just a platform; it’s your gateway to the markets, so choose wisely. Each platform is regulated by the FCA and can be used by retail (non-professional) traders. Commonly, only around 20% of retail clients make money with spread betting brokers. You can also trade CFDs, DMA equities and invest for long term capital growth through a general investment account or ISA. Use this table and see what’s offered by spread betting brokers to see how else you can trade through them.

User Interface (Ease of use)

It’s especially great for beginners because it combines a user-friendly interface with an extensive range of trading instruments. You can deal in everything from forex to indices and even crypto. The platform’s comprehensive educational tools can help you get up to speed on the latest trends and inform your trading decisions. Having the best spread bet brokers according to our findings listed in one place, can help you save time when looking for the best spread bet broker for your own individual needs. Every movement in the market has a direct impact on your profits and losses. So you keep monitoring all your open trades, whether you have stop-loss orders or limit orders.

Factors to Consider when Choosing Spread Betting Brokers

Interactive Brokers combines affordability, functionality and extensive resources, making it a top choice for global and active traders. Spread betting has significant tax advantages compared to other trading and investing activities. Winnings from stock, forex, and CFD trading are subject to UK capital gains tax, but winnings from betting are not subject to UK capital gains tax.

How much money do you need to open a brokerage account?

• Sportmarket shows how betting brokers are making betting better by giving you more choices and flexibility.
• Selecting Spread Betting Brokers at the forefront of innovation and considered an industry leader is crucial.
• City Index offers the most forex pairs for spread betting on foreign exchange, as well as intra-day trading signals, news, analysis and tight FX pricing.
• IG Markets is a UK-registered broker established in 1974 and regulated by the FCA.
• TradeZero provides direct market access at low cost, making it ideal for active traders and those interested in short selling.
• Another way brokers earn their interest is by banking on the interest on trader deposits.
• If the securities market goes up to £15 during the closing, the profit must be 50% despite the exchange rate between pound and dollars.

Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets. He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries. He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages. Steven holds a Series III license in the US as a Commodity Trading Advisor (CTA). Additionally, spread betting uses “points” to measure profit and loss — usually denoted as pounds per point — while CFDs rely on actual price movements of the underlying asset.

The Financial Stability Of Spread Betting Brokers

With this spread betting broker, you can trade with over 60 different currency pairings. MT4 is a widely popular platform for financial trading, and many spread betting brokers now support it. If you are interested in spread betting on MT4, you can review the best MT4 spread betting accounts here.

What are financial spread bets?

Spread betting arbitrage means opportunistically looking for discrepancies between pricing listed across different markets or platforms for the same asset or financial instrument. This allows you to buy an asset for cheaper and then immediately sell it at a profit – all at once. There’s one unique situation where you can almost guarantee that your spread betting trade will make a profit for you. Your spread size is calculated as the difference between your buying and selling price. Your potential profit or loss is decided by the degree of ‘points of movement’, just as with stocks and shares. This lets you make bets against or for the market (going short or long).

How We Test Online Stock Brokers

TradeZero also offers advanced trading tools and 24/7 live customer support to seal its position as one of the top online stock brokers. EToro offers an engaging communal experience, along with access to comprehensive educational resources to build trading skills. It empowers investors to copy the trades of successful investors through social features.

Tools & Features

If the NFL isn’t your preference, Rugby is an excellent alternative for your betting needs. These are the number of points that your bet needs to move in a favourable direction for your bet to yield results. A +7 spread would mean the underdog is gaining seven points, written as +7 on the odds. It is our own personal opinions, based on first-hand knowledge or wider customer reviews. The minimum withdrawal amount is £100 for bank transfer, or £10 for debit card. To make this possible, Markets.com has designed a simple interface with user-friendly features without lots of complicated finance-speak.

Best Spread Betting Platform For Experienced Traders

Trading signals, is one of the best trading signal services out there and is developed in-house by City Index. The idea is that the algorithm scans the market for price patterns and highlights upcoming trading opportunities. The best bet broker for you will depend on a number of factors, particularly if you live in a country restricted by one of the betting brokers above. Sportmarket has long been considered one of the bet agent, providing an excellent service since its establishment in 2004.

Best for Copy Trading: eToro

Use our guide to find the right broker for your needs, whether that’s trading tools, tradable assets or reliable support. Yes, spread betting brokers are regulated by the FCA and client funds protected up to a certain amount by the FSCS. Some spread betting companies focus on tight spreads on a few key markets.

Spread betting allows you to open your position by either purchasing or selling a market. Click ‘buy’ if you think the price will increase in value, or ‘ sell’ if you think the price will fall in value. FXCM is great for beginners due to its wide range of educational materials and its simple and quick account opening process.

This means you can bet on lots of different sports with good odds. These advantages explain why more people choose betting agents over traditional bookmakers. Agents combine regular betting with modern features, making them a great choice for today’s fast-paced betting world.

Alternatively, sign up on the broker SportMarket, where you can also place bets through Betfair, but at a much lower commission. There are hundreds of bookmakers on the international market, if not thousands. Also called a sports betting broker, a betting agent is a middleman between a bettor and a betting site. If a user signs up with a betting site through an affiliate link, we usually earn a commission from the bookmaker, at no extra cost to the player.

Is spread betting taxable?

You might already have tried this – all the Euro bookies will not allow winning players to bet with them. The best bet brokers only have market limits – they won’t put any personal limits. In fact, winning players are more than welcome because they help to adjust the lines. Of course, you always have the option of using traditional bookmakers as well. They do, however, have more uneven odds on many events, which you can take advantage of as long as it lasts. Traditional bookmakers can be used well when you are building up your bankroll, but eventually, using a bet broker will be a must for serious sports bettors.

• This means you can potentially start investing with any amount, even $5.
• In this scenario, the selling price of the UK 100 is £7,952.62, and the buy price is £7,953.82, so the spread is 1.2 points (£7,952.62 – £7,953.82).
• More experienced traders may choose to sign up for Pepperstone’s Razor account; however, new customers usually sign up for regular accounts with the company.
• Opt for Spread Betting Brokers that set themselves apart as an industry leader by actively embracing innovation.
• There is no minimum deposit to get started, if funding your account through a bank transfer.
• Here at DoppelWetten we only recommend and link to betting brokers we have tested and tried ourselves.
• The stock prices should move by a minimum of the same spread points for the trader to make a profit.

If the cashback offer is not applied to your account for any reason, please get in touch with me and I will sort it out with the BetInAsia team for you. Others have very strict requirements on withdrawals, requiring all deposited money to be turned over 10-20x before it can be withdrawn. If you want to bet with the best Euro bookmaker, read our full Bet365 review here. The website of SBO looks nice – it has the classic bookmaker look. However, the website can sometimes be slow to load, so that is the main reason why we place SBO behind Pinnacle.

We check the availability of local payment methods, making sure you can easily deposit and withdraw funds using your preferred method. We also consider app availability and the usability of mobile platforms, so you can bet on the go with ease. If you’re new to online sports betting, registering a betting account is a simple process that takes just a few minutes. Most bookmakers have made this hassle-free, allowing you to sign up and start betting almost instantly. The big bookmaker comparison at transfermarkt.com/betting reveals which bookmaker is the number one based on multiple factors.

This order closes the trade at a price better than the current market level. As we already mentioned, spread betting is a leveraged product, which means you only need to have a fraction of the total value of the trade-in your account to open it. The amount of money you have to keep in your account is called your margin. FXCM’s spreads are a bit higher than those of other brokers, starting at 1.3 pips, and the average EURUSD spread is also 1.3 pips. There are no additional fees for spread betting, and inactivity fees apply after one year. An industry-leading 17,000+ markets, including 51 currency pairs, 38 commodities, 34 indices, and over 10,000 UK and foreign stocks, are available for traders to wager on with IG.

Depending on your country of residence, different betting sites may or may not be available and betting options may be more or less varied. This is due to every country (or even region) having its own set of rules and regulations when it comes to online sports betting. Here are some country specifics when it comes to sports betting at online bookies in different areas.

Just like with SportMarket, you get access to several of the best bookmakers on the market through the AsianOdds platform. AsianConnect has partnered up with SBO, Pinnacle, Singbet, ISN and others. In our in-depth bookmaker reviews, we thoroughly analyze every important aspect of a betting site to help you make an informed decision. We examine the range and depth of sportsbook offerings, including the variety of sports, competitions (from top-tier leagues to lower divisions), and betting markets available. Whether you’re interested in popular sports or niche events, our reviews give you the full picture of what each bookmaker has to offer.

Please note here that since this is a daily-funded trade, you will be charged a small overnight funding fee if you keep your position open overnight. Also, if you want to aim for a profit of £100, make the risk worthwhile. Here, you decide to buy the UK 100 at £5 per point if you think the FTSE 100 is going to rise. This is known as going long, and it means that for each point the index rises, you will make a profit of £5. To understand how to bet on indices, we will take the example of the UK 100. In this example, if you had placed a limit order at £7,950, your position would have been automatically closed there, and you would have made the assured predetermined profit.

Having access to a betting exchange is crucial when Matched Betting and with our lower commission you are always sure not only to get the best odds but also to increase your profit. Here at DoppelWetten we only recommend and link to betting brokers we have tested and tried ourselves. Over the past two decades, darts has experienced a significant surge in popularity, with a rapidly growing global fanbase. This rise has brought an abundance of darts betting options, now widely available across sportsbooks. And be very aware of the addictive nature of betting in general, which usually takes more than it gives over time.