To decide which spread betting platform is best for you, compare:

  • The spread offered: This is the difference between the buy and sell price on a market, and how much your trade would need to move to make a profit or loss.

  • The markets you can trade on: You can usually spread bet on forex or indices like the FTSE 100 and Wall Street, but more markets are usually available.

  • The amount you need to make a spread bet: Each company sets a minimum amount you need. This can vary from 1p to 1 per point on the market you trade on.

Use this spread betting comparison to find a platform that suits your needs, or try a demo account before you use your money.

What are pips and points?

They are the price movement represented in a spread:

  • Pips: This is a price movement for a forex spread bet

  • Points: This is a price movement for any other type of spread bet

Pips track the fourth* decimal place in an exchange rate:

For example, if the exchange rate for pounds into euros is 1.1201, a one pip movement would see the rate go to either 1.1202 or 1.1200.

* Any currency pair that includes the Japanese Yen will use the second decimal place instead.

Points track the fourth figure in an assets price:

For example, if the value of the FTSE 100 is 6900, a one point movement would see the value go to either 6901 or 6899.

Spread betting platforms FAQs

Q

Do you pay fees on spread betting platforms?

A

Some may charge for cash withdrawals or for leaving your account inactive for over a year. Check each platform's terms before opening an account.

Q

Do I pay tax when financial spread betting?

A

No, any profits you make are not liable for Income Tax, Capital Gains Tax or Stamp Duty.

Q

How much do I need to open a spread betting account?

A

Most accounts are free to open, but you need to deposit a minimum amount to begin spread betting, such as 100. Check the terms before you apply.

Q

Is spread betting gambling?

A

No, the FCA does not consider spread betting to be a form of gambling, instead it is seen as a type of investment trading.

Q

Is financial spread betting regulated?

A

Yes, all UK based spread betting companies are regulated by the Financial Conduct Authority.

About our spread betting platforms comparison

Q

Who do we include in this comparison?

A

We include spread betting accounts from our panel. They are either authorised and regulated by the Financial Conduct Authority (FCA), or a European regulator and listed on the FCA register as EEA authorised.

Here is more information about how our website works.

Q

How do we make money from our comparison?

A

We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more here.

You do not pay any extra and the deal you get is not affected.