How to Choose the Best Spread Betting Platform

How to Choose the Best Spread Betting Platform

best spread betting platform

The best spread betting platform is one which provides a good choice of trading assets and low trading costs. Brokers charge for allowing traders to trade the price movements of different assets and this is reflected in the cost of placing each bet. A bigger choice of asset markets will give traders more opportunities to make profits from the prices moving up and down.

It is also a good idea to choose a broker that has a decent range of trading tools and chart features to allow you to monitor the market from home or on the go. You should also consider the minimum bet size as this will affect your trading costs. Some brokers offer a demo account which is free for a limited time to let beginners test their strategies without risking any money.

Top Spread Betting Platforms in the UK

In addition, it’s important to find a broker with good customer support for when you need it. This could be for help with working large orders, margin information or general queries about how to trade.

Some spread betting brokers like City Index and IG Group provide dedicated support for larger accounts whilst others, like Spreadex, have a more personal approach to customer service. IG Group are a long established spread betting provider who were one of the pioneers of the concept and have an extensive offering with over 17,000 financial instruments to trade including UK shares, forex pairs, commodities and indices. Unlike actual share holdings you don’t get voting rights or any right to dividends with spread betting so you should treat this form of trading as speculation rather than investment.

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