Trading
3 “Best” Spread Betting Brokers
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Spread betting is becoming an increasingly popular way to get involved in the forex market, commodities and stocks. Spread betting is another derivative strategy which allows you great flexibility as a trader. With this kind of position you are predicting the future price of an asset within a certain time frame and allocating a certain bet size to each point the asset moves. Due to this you can bet on the price of an asset to go either up or down in spread betting.
There are many top spread betting brokers you can choose from to start trading with. Here are the top 4 we have found through our own in-depth research and broker reviews.
1. AvaTrade
Avatrade is another extremely versatile top broker who offer many trading options to their users. One of these options is spread betting on more than 200 of the assets that they provide. This offering include forex, commodities, indices, stocks, ETFs and more to fit your trading needs.
The spread with Avatrade starts from 0 pips on major assets so this helps keep your spread betting costs as low as possible. Alongside this, the minimum bet size with Avatrade is kept low at $0.10 per point on forex trading and the majority of other major markets.
Overall, this well-respected and regulated broker is a great place to try your hand at spread betting through the trusted MT4 trading platform and is one of the many areas where Avatrade excel in prioritizing trader needs.
Click Here to Read our Detailed Avatrade review.
Warning: Trading Forex/CFD & Options on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite.
2. CityIndex
CityIndex is one of the longest serving brokers in the industry having been around since 1983. They are also one of the most popular forex broker choices with more than 4 million users. CityIndex has continued to evolve their offering over the years and now provides the opportunity for spread betting through the MT4 trading platform to certain traders.
With a minimum deposit from just $100 you can begin spread betting on a huge number of assets that are available. This number totals into the thousands and includes more than 60 forex currency pairs as well as spread betting on commodities, indices, cryptoassets, thousands or global company shares, and more. There should be something here to suit all trading needs.
Beyond that, you can rely on excellent value in spread betting with CityIndex. This comes from a very reasonable spread that can start as low as 0.5 pips depending on your asset choice. You will also receive access to a free spread betting guide to help you get started once you sign up.
For more details on this long standing great of the industry you can check out our complete CityIndex review or visit CityIndex.
Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Capital at risk.
