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We’ve compiled a list of spread betting accounts that, we feel, are appropriate for beginners. They offer various ways of limiting the significant risk of losses that a standard spread betting account may expose traders to.

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

Low Stake Spread Betting Platforms for Beginners

Spreadbetting Broker  Description
ETX Capital ETX Capital enable new clients to trade on their platform from 25p per stake across a range of indexes, currencies and commodities go to site
Ig Group IG offer new spread betting clients with the opportunity to build their confidence with reduced minimum bet sizes within the first two weeks of opening an account. You’ll be able to trade a 50% smaller bet size for those two weeks on an industry leading range of Indices, Commodities and Currencies. go to site
FxPro Review FxPro have introduced a minimum stake size of 10p on all of their Spread Betting accounts across their entire range of markets. There is no time limit on their low stake offering, meaning beginners can take the time they need to become accustomed to spread betting. go to site
GKFX provide spread betting clients with the option to trade from a minimum of 10p per stake across a range of forex pairs, commodities and indices. go to site
ADS Prime The ADS Prime Spread Betting Account provides traders with the ability to trade from 10p per point on the popular MT4 platform. Clients can choose how much leverage they wish to trade, ranging from 1:1 for low levels of leverage to 500:1 for maximum exposure, to further reduce risk. go to site
Finspreads The Finspreads Beginner Account enables traders to spread bet from 10p per point on a range of Indices, Commodities, Currencies and Metals. There’s flexibility to increase stake sizes as you gain in confidence go to site

Fixed Risk accounts

Spreadbetting Broker  Description
Spreadex Financial FXPro provide negative balance protection as standard on their spread betting account. Should you lose more money through your trades than the value of your  deposit, FxPro will automatically refund you the difference within the hour. There are no quibbles or lengthy administrative procedures. go to site
Spreadex Financial Spreadex provide access to Financial Speed Markets which are essentially fixed odds bets. You can make a bet on a market for a minimum of £15 on whether it will be up or down over a fixed period of time. If the market moves away from your favour at the point of the bet expiry, you stand to lose your stake and nothing more. go to site
 Finspreads Finspreads Limited Risk Account provides the same function as a standard spread betting account with one notable exception. Your trades will be closed out at the point where you do not have sufficient funds in your account to continue trading. go to site

You can see our complete list of Spread betting companies which features a detailed review of each broker and our trusted opinion of them.

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, then it’s worth taking a minute or two to read our short guide. Get into some good habits at the outset.

Now, you might have been on a bulletin board and received heady advice from a group of seasoned traders or read everything you can through books, independent websites like this one and 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 – 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 and 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 or 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 you know what’s needed before you begin to trade with real money, you can start looking at spread betting platforms for beginners.  

The types of accounts that we have introduce 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.

I’ll explain these types of accounts below and introduce you to some of the brokers that offer these services.

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, meaning that a similar trade with 10p per point would result in a maximum loss of £10.

Even with a pretty 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. 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.

Fixed Risk accounts

Spread Betting, by its very nature provides a high degree of risk should your trade go against you.

The prospect of losing more money than you have deposited should not be taken lightly.

To counter this risk, some spread betting firms offer fixed risk accounts. These accounts are designed to ensure that traders are not exposed to losses that are greater than the amount of funds held in their account.

These fixed risk accounts automatically close out trades at the level determined by the clients available funds.

Assuming you are trading with money that you can afford to lose, which should always be the case for any novice, there’s a safety net in place to prevent you from accumulating big losses.

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 should be included, feel free to let us know through the comments section below.

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Michael Morton

Michael has worked within the Financial Industry for more than 20 years. Starting out as a financial analyst, he has extensive experience working with fund management groups and brokerages.

With an interest in Stocks and Shares, Funds, ETFs and Commodities, his investment focus is medium to long term gains, with the objective of financial security on retirement, and building wealth for his young children for their adult life. His broker of choice is Hargreaves Lansdown.

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