This comparison shows spread betting companies that offer a demo account.
Demo accounts let you make practice bets without using any of your money. Instead, each account gives you a pretend balance to use, usually £10,000 or more.
Any profit you make in a demo account is not real, so you cannot take cash out. Once the money in the demo account is gone you will no longer be able to practice on that platform.
How does the spread work in a demo account?
The spread is the difference between the buy and sell price. This tells you how much a market price would need to move in your favour before you break even and begin to make a profit.
For example, if the buy price on the FTSE 100 is 6846 and the sell price is 6845, the spread is one point (6846 - 6845).
Depending on the market, the spread could be measured in:
Points: Used to measure a price movement on all markets, except for forex
Pips: Used to measure a price movement on forex only
This comparison shows you each company's minimum stake, which is the smallest amount you can spread bet with per point or pip.
What is the margin?
Spread betting is a leveraged investment, meaning you only put down a small percentage of the true value of your bet, such as 2% - this is called the margin.
The higher the margin, the more you need in your account to make your spread bet.
Find out the margin before you make a spread bet to avoid committing too much money into one trade.
Financial spread betting demo account FAQs
Does it cost anything to open a spread betting demo account?
No, you only need to register for a demo account online through each company's website to get free access to their practice platform.
How many demo accounts can I have?
One with as many companies as you like. Once the practice account balance has run out you cannot use the demo anymore.
Do I pay tax when financial spread betting?
No, any profits you make are not liable for Income Tax, Capital Gains Tax or Stamp Duty.
Is financial spread betting regulated?
Yes, all UK based spread betting companies are regulated by the Financial Conduct Authority.
Is spread betting gambling?
No, the FCA does not consider spread betting to be a form of gambling, instead it is seen as a type of investment trading.
About our financial spread betting demo accounts comparison
Who do we include in this comparison?
How do we make money from our comparison?
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.