How to Choose the Best Spread Betting Brokers

The spread betting brokers offer a wide range of assets and fast and reliable order execution. They will also offer high-quality charting software, with a variety of tools for technical analysis. Some brokers have their own platforms, notably IG’s online platform and CMC Markets’ Next Generation, while others use third-party solutions such as TradingView and MT4 & MT5 by FXCM.

Margin requirements and overnight charges should be transparent, especially as a trader’s risk can be quite high. Margin is the amount of capital a trader must have in their account to open a position, and it is important that traders know how much margin they need before taking a bet. The broker should also offer clear information about any overnight charge, a fee incurred by holding a spread bet open overnight.

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Choosing the right spread betting broker depends on individual trading needs, but a good start is selecting a firm that is regulated by UK financial regulators, the FCA (Financial Conduct Authority). This ensures the broker has adequate capital and robust compliance systems.

Other factors to consider are the types of markets offered, the number of accounts available and if there is a demo account. Some brokers offer a multi-tier account structure, with different trading conditions based on deposits or monthly trading volumes. This is not necessarily a bad thing, as traders may benefit from having their account upgraded to higher tiers. However, it is important that a spread betting broker offers this at reasonable costs.