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Five of the best Spread Betting Platforms for Beginners in 2024

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We’ve compiled a list of spread betting platforms for beginners to help get you get started. They offer various ways of limiting the significant risk of losses that a standard spread betting account may expose traders to.

Below, we have put together a short guide on each of the types of account available, and what they mean.

Low Stake Spread Betting Platforms for Beginners

Spread betting Broker  The Armchair Trader says

Pepperstone

Minimum
deposit: £0

The new Pepperstone spread betting account enables novice traders to spread bet from 20p per point on a range of Indices, Commodities and Currencies. There’s flexibility to increase stake sizes as you gain in confidence.

Spreadex

Minimum
deposit: £0

Spreadex offer a pretty unique proposition for UK and Ireland residents. The account combines sports betting and financial betting on one trading platform. Spreadex offers a 50p per stake option on a range of indexes. This includes France 40,Spain 35, Netherlands 25, Swiss Index, Hong Kong 50 and Japan 225. 

Trade Nation

Minimum
deposit
: £0

Formerly Core Spreads, Trade Nation has been trading since 2019. The broker is focussed on transparency for its clients by providing competitive, fixed spreads on a range of markets. A commitment to customer service means this broker is a good choice for new traders

IG

Minimum
deposit: £0

IG offers reduced minimum deal or trade sizes for all new spread betting clients for the first 31 days. The account enables novice traders to trade at 25% of the normal trading position. You’ll have access to all 17,000 markets available.

71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

ActivTrades

Minimum
deposit: £0

Founded in 2001 and regulated by the FCA, ActivTrades platform is simple to use. There’s an emphasis on risk management tools and competitive spreads. Clients can spread bet from as little as 10p per point. This account is a  good option for beginners.

You can see our complete list of Spread betting brokers here. It  features a review of each broker and our independent opinion of them. Please note that some of the brokers mentioned above are affiliates. While there would be no cost to you, for transparency, we may receive a fee should you open an account.

Choosing the right spread betting platform for beginners

If you are new to spread betting and haven’t placed any kind of trade before now, you should take a minute or two to read our short guide. You will get into some good habits at the outset.

Now, you might have been on a bulletin board or Twitter and received heady advice from a group of seasoned traders. You may have read everything you can through books and independent websites like this one, too. Or you may have visited some of the many Broker websites for their advice.


There is so much information available, it can become a bit overwhelming. You may still be no nearer to making a decision on what products to trade or who you are going to trade with.

That’s why we put together the selection of spread betting platforms for beginners above. These spread-betting accounts provide a way for you to earn your stripes. You can start trading without the risk of losing all of your hard earned money.

The most important part of this process is to find out if spread betting is right for you. To do that, you need to make the most of the tools that are available to you as a spread-betting novice.

Start with the basics

I’m making an assumption here.

You’ve read up on spread-betting and understand the principles behind it. The risks you face and the tools you have at your disposal in order to minimise that risk.

If you haven’t done that yet, take a look at our spread betting introduction. Make sure that margined trading is something you fully understand and are comfortable with.

I’m also going to assume that you are familiar with the variety of financial markets that are available to trade through a spread betting account. Consquently, you have identified the ones you are going to trade.

Take a look at our short guides to some of the most popular markets if you need some inspiration. Our guides will give you an insight into the key factors that determine pricing in those markets.

Demo Accounts

You’ve probably considered opening a demo account and indeed, may have already taken the plunge.

If you haven’t, it’s worth investing some time.

Take a look at our spread betting demo account guide to find out how you can use them to enhance your trading education. The article covers some of the things you should look for in your broker, even before you commit to opening a demo account.

Right, so now we’ve covered off what’s needed before you begin to trade with real money. You can start looking at live spread betting platforms for beginners.  

The spread betting accounts we have introduced you to above will offer you access to the financial markets with a lower degree of risk. With real money at stake, it’s not a good idea to jump straight in and risk it all.

Low Stake Spread Betting Platforms for Beginners

Generally, spread betting brokers will offer their clients a minimum stake of £1 per point.

That means you could lose a minimum of £100 on the FTSE100 should the market go against you by 100 points over the course of your trade.

A low stake account reduces the minimum stake you can place. It means that a similar trade with 10p per point would result in a maximum loss of £10.

Even with that kind of extreme movement, that trade is going to dent your pride much more than your wallet.

There is, however, a downside to Low Stake Accounts.

That is, when you get your trades right, you won’t stand to gain any sizeable profits either. However, once you have your trading strategy in place and you are comfortable with the results, you’ll be ready to start increasing your stakes.

Islamic accounts

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.

I’ll add to this list as and where the brokers develop new spread betting platforms for beginners. If you find a broker that you think would fit nicely in our spread betting platforms for beginners list, feel free to let us know through the comments section below. 

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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