Spread betting is a popular way to speculate on price movements of various assets, and it allows you to earn substantial profits if you are experienced enough. However, experience is not the only thing that matters here. You definitely need to find a reliable and convenient betting platform that provides such services. There are many different platforms in the UK that support spread betting, so we are going to give you a couple of trusted options and explain their basic conditions and benefits.
What is spread betting
Spread betting allows you to place bets on various markets and earn real money by predicting how a certain asset is going to behave in the near future. Basically, you get to speculate different assets like Forex pairs, stocks, or indices without actually buying or selling them. The main principle is simple: if you’re right, you win the bet, and if the asset moves in the opposite direction, you lose it. Your profits or losses are calculated by multiplying your bet sum by the difference in pips.
Such bets usually last somewhere between a day and a couple of months, but some platforms allow you to choose more flexible time periods. Each platform has its own conditions, fees, and bonuses, so you should definitely pay attention to these aspects. However, we’ve compiled a list of simply the most reputable services, and you can use it as a starting point to find the best spread betting platform in the UK that works for you.
Founded in 2006, FxPro is a well-known broker licensed by FCA and CySEC. It has many awards and allows you to choose from a broad range of trading tools. The list includes more than 70 Forex pairs, futures, and major stocks. FxPro is considered a very secure and transparent broker, too.
Pepperstone is an Australian broker, but it’s relatively well-known in the UK, too. The reason is simple: the broker offers very attractive trading conditions and a lot of instruments to choose from. But what’s really interesting about Pepperstone is its tight spreads: the average EUR/USD spread is 0.09 pips.
CMC Markets is another quite popular spread betting platform that operates in the UK. With a deposit limit of just $1, the broker allows you to start trading a wide variety of assets without having to invest a large sum of money. It’s known as a user-friendly and convenient broker suitable even for beginners.