Spread Betting UK Brokers

If you want to speculate on the price direction of shares, indices, commodities, forex and other markets then spread betting can be a cost-effective alternative to traditional trading. But it is important to select a spread betting broker that offers competitive trading costs, and is regulated by an established regulatory body like the UK FCA.

XTB is one of the best spread betting spread betting UK brokers due to its extensive list of tradable assets, advanced trading tools, and low trading fees. However, it is important to note that spread bets are leveraged products and therefore a trader needs to build in overnight financing costs when trading them. This is especially true for daily or quarterly spread betting markets as they are typically aimed at short-term strategies.

City Index is another popular spread betting provider, which is a great choice for first-time traders. It offers thousands of financial instruments including popular equities, forex, metals, cryptocurrencies, and bonds. In addition to offering competitive spreads in these asset classes, it also provides a range of tools and research to help traders make informed trading decisions.

A Guide to Spread Betting Brokers in the UK

Traders should also look for a spread betting broker that offers a wide variety of deposit and withdrawal options. For example, XTB accepts both debit and credit cards and offers free bank transfer withdrawals for deposits over £50. Lastly, it is important to consider whether the spread betting broker charges any internal withdrawal fees. These charges, which are levied by the broker rather than a third-party payment processor, are generally not transparent to traders and can add up quickly over time.