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Spread Betting Brokers: Compare the top brokers of 2024

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We’ve put together this list of Spread Betting brokers, designed to introduce you to a wide selection of reputable brokers. We will 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 have the broker for you.

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. However, if we’ve missed something, contact us.

Regulated Spread Betting Brokers

BrokerMinimum DepositMarketsProducts
Pepperstone
Pepperstone
£0Bonds
Commodities
Currencies
Indices
Stocks & Shares
CFDs
FX
Spread Betting

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.

 
Spreadex
Spreadex
£0Bonds
Commodities
Currencies
Indices
Stocks & Shares
CFDs
FX
Spread Betting

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. The only beef we have is the absence of a free platform demo. However, opening an account requires no initial deposit so new clients can familiarise themselves with the platform before committing funds

 
Trade Nation
Trade Nation
£0Bonds
Commodities
Currencies
Indices
Stocks & Shares
CFDs
FX
Spread Betting

Trade Nation offer something a little different for traders. You won't find research or educational tools - the emphasis is on trading, so pricing and fees can be kept low.

 
IG
IG
£0Bonds
Commodities
Currencies
Indices
Stocks & Shares
CFDs
ETFs
FX
Futures & Options
ISA
Spread Betting
Stocks & Shares

Widely recognised as the largest broker of its kind for CFDs and Spreadbetting, IG has now expanded its services to include Equities and ETF trading. Their range of markets is wide reaching while both trading and share dealing costs are low. We really like their Smart Portfolio's which are ideal for inexperienced investors to gain exposure to the markets.

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.

 
ActivTrades
ActivTrades
£0Bonds
Commodities
Currencies
Indices
Stocks & Shares
CFDs
FX
Spread Betting

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 great option for beginners.

 
City Index
City Index
£100Bonds
Commodities
Currencies
Indices
Stocks & Shares
CFDs
FX
Spread Betting

City Index is one of the oldest and most recognised brands in the UK for spread betting and globally for its CFD trading services. Owned by NASDAQ listed StoneX Group, the group has 295,000 retail traders worldwide. An all-round online broker with fast execution and tight spreads, City Index will appeal to novice through to experienced traders.

 
Accendo Markets
Accendo Markets
£0Bonds
Commodities
Currencies
Indices
Stocks & Shares
CFDs
FX
Spread Betting

We've got to know the team over at Accendo Markets pretty well over the last few years. They always have time for their clients, whether that's welcoming them to their offices in Aldgate, or through their dedicated account management team over the telephone. If you are new to trading, they'll make sure you get the support you need at the outset. 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.

 
LCG
LCG
£0Bonds
Commodities
Currencies
Indices
Stocks & Shares
CFDs
FX
Spread Betting

LCG offers a choice of two platforms; their own LCG Trader and the powerful MT4 platform. The LCG Trader platform comes with a number of tools and integrated charting features on both the browser based and mobile options. The MT4 platform offers a comprehensive charting package, indicators, customisable interface and automated trading

 
Hantec Markets
Hantec Markets
$1000Bonds
Commodities
Currencies
Indices
CFDs
FX
Spread Betting

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 one of the smaller online brokers, personal service is high on their priority list

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 broker

If you are new to financial spread betting, we offer a variety of free resources. You can use them to help you select the spread-betting 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.

Muslims are typically advised to open Islamic accounts that practice Shariah principles. These Islamic spread betting accounts are also known as swap-free accounts. They are halal trading accounts in which interest is not accumulated, collected or paid. These accounts do not make use of futures and forward contracts. All transactions (including the transaction cost) take place without any delay. You can read our thoughts on whether trading is Halal or Haram. You’ll also be able to explore a selection of regulated brokers that offer permissable accounts.


Spread betting demo accounts

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

Moreover, we have put together an article featuring the best spread betting platforms for beginners. It’s a great place to start.

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

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Over 70% of retail investor accounts lose money when trading spread bets and CFDs. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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